C&T BRUSSELS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
C&T BRUSSELS
Largest movements
- Tangible fixed assets -€70,050
down €70,050 (-24.8%), from €282,725 to €212,675
of which Other tangible fixed assets: -€40,948
- Receivables within one year -€32,495
down €32,495 (-59.2%), from €54,895 to €22,400
of which Trade receivables: -€27,107
- Current investments +€20,000
new in 2025: €20,000
- Cash +€19,936
up €19,936 (+122.0%), from €16,341 to €36,277
mainly Depreciation (+€70,920) and Trade debts (+€36,571)
- Current portion of long-term debt -€65,328
down €65,328 (-67.0%), from €97,504 to €32,177
- Trade debts +€36,571
up €36,571 (+32.4%), from €112,995 to €149,566
- Tax, wage and social debts +€32,446
up €32,446 (+39.8%), from €81,560 to €114,005
of which Remuneration and social security: +€26,457
- Profit (loss) carried forward -€31,334
down €31,334 (-7.9%), from -€398,914 to -€430,247
- Debts after one year -€19,895
no longer reported in 2025 (was €19,895)
- Staff costs +€121,924
up €121,924 (+46.3%), from €263,464 to €385,388
- Depreciation -€35,367
down €35,367 (-33.3%), from €106,288 to €70,920
- Gross operating margin +€21,092
up €21,092 (+5.2%), from €405,839 to €426,931
- Financial income +€14,297
new in 2025: €14,297
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,522 | €327,685 | -€61,837 | -15.9% |
| Fixed assets | 21/28 | €284,381 | €213,461 | -€70,920 | -24.9% |
| Intangible fixed assets | 21 | €1,321 | €451 | -€870 | -65.9% |
| Tangible fixed assets | 22/27 | €282,725 | €212,675 | -€70,050 | -24.8% |
| Plant, machinery and equipment | 23 | €104,998 | €82,721 | -€22,277 | -21.2% |
| Furniture and vehicles | 24 | €15,947 | €9,121 | -€6,825 | -42.8% |
| Other tangible fixed assets | 26 | €161,781 | €120,833 | -€40,948 | -25.3% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €105,141 | €114,224 | +€9,084 | +8.6% |
| Stocks and contracts in progress | 3 | €16,700 | €15,580 | -€1,120 | -6.7% |
| Stocks | 30/36 | €16,700 | €15,580 | -€1,120 | -6.7% |
| Amounts receivable within one year | 40/41 | €54,895 | €22,400 | -€32,495 | -59.2% |
| Trade receivables | 40 | €35,008 | €7,901 | -€27,107 | -77.4% |
| Other amounts receivable | 41 | €19,887 | €14,499 | -€5,388 | -27.1% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €16,341 | €36,277 | +€19,936 | +122.0% |
| Deferred charges and accrued income | 490/1 | €17,204 | €19,967 | +€2,763 | +16.1% |
| Total equity and liabilities | 10/49 | €389,522 | €327,685 | -€61,837 | -15.9% |
| Equity | 10/15 | €77,568 | €31,938 | -€45,630 | -58.8% |
| Contributions | 10/11 | €405,000 | €405,000 | = | 0.0% |
| Capital | 10 | €405,000 | - | -€405,000 | |
| Issued capital | 100 | €405,000 | - | -€405,000 | |
| Profit (loss) carried forward | 14 | -€398,914 | -€430,247 | -€31,334 | -7.9% |
| Investment grants | 15 | €71,481 | €57,185 | -€14,296 | -20.0% |
| Amounts payable | 17/49 | €311,954 | €295,747 | -€16,207 | -5.2% |
| Amounts payable after more than one year | 17 | €19,895 | - | -€19,895 | |
| Financial debts | 170/4 | €19,895 | - | -€19,895 | |
| Amounts payable within one year | 42/48 | €292,059 | €295,747 | +€3,688 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €97,504 | €32,177 | -€65,328 | -67.0% |
| Trade debts | 44 | €112,995 | €149,566 | +€36,571 | +32.4% |
| Suppliers | 440/4 | €112,995 | €149,566 | +€36,571 | +32.4% |
| Taxes, remuneration and social security | 45 | €81,560 | €114,005 | +€32,446 | +39.8% |
| Taxes | 450/3 | €37,613 | €43,602 | +€5,989 | +15.9% |
| Remuneration and social security | 454/9 | €43,947 | €70,403 | +€26,457 | +60.2% |
| Remuneration, social security and pensions | 62 | €263,464 | €385,388 | +€121,924 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,288 | €70,920 | -€35,367 | -33.3% |
| Other operating charges | 640/8 | €412 | €837 | +€425 | +103.0% |
| Non-recurring operating charges | 66A | €52,025 | - | -€52,025 | |
| Gross operating margin | 9900 | €405,839 | €426,931 | +€21,092 | +5.2% |
| Operating profit (loss) | 9901 | -€16,350 | -€30,215 | -€13,865 | -84.8% |
| Financial income | 75/76B | - | €14,297 | +€14,297 | |
| Recurring financial income | 75 | - | €14,297 | +€14,297 | |
| Financial charges | 65/66B | €11,292 | €15,416 | +€4,124 | +36.5% |
| Recurring financial charges | 65 | €11,292 | €15,416 | +€4,124 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,642 | -€31,334 | -€3,692 | -13.4% |
| Profit (loss) for the period | 9904 | -€27,642 | -€31,334 | -€3,692 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,642 | -€31,334 | -€3,692 | -13.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.