C&T DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Tangible fixed assets +€27,921
up €27,921 (+126%), from €22,208 to €50,129
of which Leasing and similar rights: +€19,305
- Cash -€19,212
down €19,212 (-70.1%), from €27,399 to €8,187
mainly Investment in fixed assets (net) (-€32,833) and Other debts (-€6,373)
- Receivables within one year +€2,636
up €2,636 (+107%), from €2,463 to €5,099
of which Other amounts receivable: +€3,392
- Stocks and contracts -€2,049
down €2,049 (-35.5%), from €5,774 to €3,726
- Debts after one year +€14,227
up €14,227 (+206%), from €6,895 to €21,122
- Other debts -€6,373
down €6,373 (-60.0%), from €10,623 to €4,250
- Tax, wage and social debts -€5,256
down €5,256 (-61.1%), from €8,609 to €3,353
of which Taxes: -€4,968
- Profit (loss) carried forward +€4,884
up €4,884 (+96.3%), from €5,072 to €9,956
- Current portion of long-term debt +€1,915
up €1,915 (+32.9%), from €5,827 to €7,741
- Gross operating margin +€4,939
up €4,939 (+25.0%), from €19,771 to €24,710
- Depreciation -€4,095
down €4,095 (-45.5%), from €9,007 to €4,912
- Taxes +€3,206
up €3,206 (+179%), from €1,794 to €5,000
- Other operating charges +€2,332
up €2,332 (+324%), from €719 to €3,051
- Write-downs +€722
up €722 (+119%), from €605 to €1,327
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.
Derived cash bridge
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 | €59,972 | €68,716 | +€8,743 | +14.6% |
| Fixed assets | 21/28 | €22,208 | €50,129 | +€27,921 | +126% |
| Tangible fixed assets | 22/27 | €22,208 | €50,129 | +€27,921 | +126% |
| Plant, machinery and equipment | 23 | €1,539 | €2,818 | +€1,279 | +83.1% |
| Furniture and vehicles | 24 | €1,828 | €3,649 | +€1,821 | +99.6% |
| Leasing and similar rights | 25 | €18,297 | €37,602 | +€19,305 | +106% |
| Other tangible fixed assets | 26 | €545 | €6,061 | +€5,516 | +1,012% |
| Current assets | 29/58 | €37,765 | €18,587 | -€19,178 | -50.8% |
| Stocks and contracts in progress | 3 | €5,774 | €3,726 | -€2,049 | -35.5% |
| Stocks | 30/36 | €5,774 | €3,726 | -€2,049 | -35.5% |
| Amounts receivable within one year | 40/41 | €2,463 | €5,099 | +€2,636 | +107% |
| Trade receivables | 40 | €757 | - | -€757 | |
| Other amounts receivable | 41 | €1,706 | €5,099 | +€3,392 | +199% |
| Cash at bank and in hand | 54/58 | €27,399 | €8,187 | -€19,212 | -70.1% |
| Deferred charges and accrued income | 490/1 | €2,128 | €1,575 | -€553 | -26.0% |
| Total equity and liabilities | 10/49 | €59,972 | €68,716 | +€8,743 | +14.6% |
| Equity | 10/15 | €25,532 | €30,416 | +€4,884 | +19.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,072 | €9,956 | +€4,884 | +96.3% |
| Amounts payable | 17/49 | €34,440 | €38,300 | +€3,860 | +11.2% |
| Amounts payable after more than one year | 17 | €6,895 | €21,122 | +€14,227 | +206% |
| Financial debts | 170/4 | €6,895 | €21,122 | +€14,227 | +206% |
| Amounts payable within one year | 42/48 | €27,487 | €16,165 | -€11,322 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €5,827 | €7,741 | +€1,915 | +32.9% |
| Trade debts | 44 | €2,428 | €821 | -€1,607 | -66.2% |
| Suppliers | 440/4 | €2,428 | €821 | -€1,607 | -66.2% |
| Taxes, remuneration and social security | 45 | €8,609 | €3,353 | -€5,256 | -61.1% |
| Taxes | 450/3 | €8,321 | €3,353 | -€4,968 | -59.7% |
| Remuneration and social security | 454/9 | €288 | - | -€288 | |
| Other amounts payable | 47/48 | €10,623 | €4,250 | -€6,373 | -60.0% |
| Accrued charges and deferred income | 492/3 | €58 | €1,012 | +€954 | +1,641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,007 | €4,912 | -€4,095 | -45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €605 | €1,327 | +€722 | +119% |
| Other operating charges | 640/8 | €719 | €3,051 | +€2,332 | +324% |
| Gross operating margin | 9900 | €19,771 | €24,710 | +€4,939 | +25.0% |
| Operating profit (loss) | 9901 | €9,440 | €15,421 | +€5,980 | +63.3% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.2% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.2% |
| Financial charges | 65/66B | €241 | €537 | +€296 | +122% |
| Recurring financial charges | 65 | €241 | €537 | +€296 | +122% |
| Profit (loss) for the period before taxes | 9903 | €9,207 | €14,884 | +€5,676 | +61.6% |
| Income taxes | 67/77 | €1,794 | €5,000 | +€3,206 | +179% |
| Profit (loss) for the period | 9904 | €7,414 | €9,884 | +€2,470 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,414 | €9,884 | +€2,470 | +33.3% |
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 24 October 2026 via checked.be.