C.T. Management: 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. Management
Largest movements
- Tangible fixed assets +€89,830
up €89,830 (+6,667%), from €1,347 to €91,178
- Cash +€34,831
up €34,831 (+468%), from €7,441 to €42,271
mainly Other debts (+€78,346) and Debts after one year (+€36,739)
- Receivables within one year +€23,788
up €23,788 (+56.5%), from €42,100 to €65,888
of which Trade receivables: +€23,488
- Stocks and contracts -€10,261
down €10,261 (-63.6%), from €16,141 to €5,880
- Other debts +€78,346
up €78,346, from €0 to €78,346
- Debts after one year +€36,739
new in 2025: €36,739
- Current portion of long-term debt +€9,601
new in 2025: €9,601
- Tax, wage and social debts +€5,685
up €5,685 (+47.5%), from €11,969 to €17,654
of which Taxes: +€5,685
- Reserves +€5,000
up €5,000 (+23.6%), from €21,197 to €26,197
of which Distributable reserves: +€5,000
- Turnover +€53,845
up €53,845 (+44.9%), from €120,000 to €173,845
- Purchases and services +€39,998
up €39,998 (+37.5%), from €106,572 to €146,569
- Gross operating margin +€15,515
up €15,515 (+102%), from €15,274 to €30,789
- Depreciation +€14,700
up €14,700 (+1,764%), from €833 to €15,533
- Other operating charges +€4,598
up €4,598 (+688%), from €669 to €5,267
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 | €119,315 | €259,699 | +€140,384 | +118% |
| Fixed assets | 21/28 | €1,347 | €91,178 | +€89,830 | +6,667% |
| Tangible fixed assets | 22/27 | €1,347 | €91,178 | +€89,830 | +6,667% |
| Furniture and vehicles | 24 | €1,347 | €91,178 | +€89,830 | +6,667% |
| Current assets | 29/58 | €117,968 | €168,521 | +€50,553 | +42.9% |
| Amounts receivable after more than one year | 29 | €51,213 | €51,000 | -€213 | -0.4% |
| Other amounts receivable | 291 | €51,213 | €51,000 | -€213 | -0.4% |
| Stocks and contracts in progress | 3 | €16,141 | €5,880 | -€10,261 | -63.6% |
| Stocks | 30/36 | €16,141 | €5,880 | -€10,261 | -63.6% |
| Amounts receivable within one year | 40/41 | €42,100 | €65,888 | +€23,788 | +56.5% |
| Trade receivables | 40 | €12,100 | €35,588 | +€23,488 | +194% |
| Other amounts receivable | 41 | €30,000 | €30,300 | +€300 | +1.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,441 | €42,271 | +€34,831 | +468% |
| Deferred charges and accrued income | 490/1 | €1,074 | €3,483 | +€2,409 | +224% |
| Total equity and liabilities | 10/49 | €119,315 | €259,699 | +€140,384 | +118% |
| Equity | 10/15 | €97,680 | €105,040 | +€7,360 | +7.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €21,197 | €26,197 | +€5,000 | +23.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Profit (loss) carried forward | 14 | €14,509 | €16,869 | +€2,360 | +16.3% |
| Amounts payable | 17/49 | €21,636 | €154,659 | +€133,024 | +615% |
| Amounts payable after more than one year | 17 | - | €36,739 | +€36,739 | |
| Financial debts | 170/4 | - | €36,739 | +€36,739 | |
| Amounts payable within one year | 42/48 | €21,636 | €117,920 | +€96,285 | +445% |
| Current portion of amounts payable after more than one year | 42 | - | €9,601 | +€9,601 | |
| Trade debts | 44 | €9,666 | €12,320 | +€2,654 | +27.5% |
| Suppliers | 440/4 | €9,666 | €12,320 | +€2,654 | +27.5% |
| Taxes, remuneration and social security | 45 | €11,969 | €17,654 | +€5,685 | +47.5% |
| Taxes | 450/3 | €11,969 | €17,654 | +€5,685 | +47.5% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | €78,346 | +€78,346 | |
| Turnover | 70 | €120,000 | €173,845 | +€53,845 | +44.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,572 | €146,569 | +€39,998 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €15,533 | +€14,700 | +1,764% |
| Other operating charges | 640/8 | €669 | €5,267 | +€4,598 | +688% |
| Non-recurring operating charges | 66A | - | €531 | +€531 | |
| Gross operating margin | 9900 | €15,274 | €30,789 | +€15,515 | +102% |
| Operating profit (loss) | 9901 | €13,772 | €9,458 | -€4,315 | -31.3% |
| Financial income | 75/76B | €2,009 | €1,467 | -€543 | -27.0% |
| Recurring financial income | 75 | €2,009 | €1,467 | -€543 | -27.0% |
| Financial charges | 65/66B | €357 | €1,417 | +€1,060 | +297% |
| Recurring financial charges | 65 | €357 | €1,417 | +€1,060 | +297% |
| Profit (loss) for the period before taxes | 9903 | €15,425 | €9,507 | -€5,917 | -38.4% |
| Income taxes | 67/77 | €4,886 | €2,147 | -€2,739 | -56.1% |
| Profit (loss) for the period | 9904 | €10,538 | €7,360 | -€3,178 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,538 | €7,360 | -€3,178 | -30.2% |
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 13 October 2026 via checked.be.