C.T.R.S.: 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.R.S.
Largest movements
- Cash -€27,489
down €27,489 (-95.9%), from €28,653 to €1,164
mainly Trade debts (-€104,616)
- Stocks and contracts -€11,111
down €11,111 (-61.7%), from €18,013 to €6,902
- Receivables within one year -€3,753
down €3,753 (-1.9%), from €197,327 to €193,574
of which Trade receivables: -€31,877
- Trade debts -€104,616
down €104,616 (-67.6%), from €154,660 to €50,044
- Other debts +€41,883
new in 2025: €41,883
- Profit (loss) carried forward +€10,314
up €10,314 (+16.3%), from €63,343 to €73,657
- Tax, wage and social debts +€8,746
up €8,746 (+101%), from €8,702 to €17,448
of which Taxes: +€5,874
- Gross operating margin +€3,433
up €3,433 (+5.2%), from €66,629 to €70,062
- Financial income +€1,608
up €1,608 (+307%), from €524 to €2,132
- Staff costs +€1,394
up €1,394 (+2.6%), from €52,969 to €54,363
- Taxes +€1,330
up €1,330 (+39.9%), from €3,329 to €4,659
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 | €246,481 | €202,808 | -€43,673 | -17.7% |
| Fixed assets | 21/28 | €2,488 | €1,168 | -€1,320 | -53.1% |
| Tangible fixed assets | 22/27 | €2,488 | €1,168 | -€1,320 | -53.1% |
| Furniture and vehicles | 24 | €2,488 | €1,168 | -€1,320 | -53.1% |
| Current assets | 29/58 | €243,993 | €201,640 | -€42,353 | -17.4% |
| Stocks and contracts in progress | 3 | €18,013 | €6,902 | -€11,111 | -61.7% |
| Stocks | 30/36 | €18,013 | €6,902 | -€11,111 | -61.7% |
| Amounts receivable within one year | 40/41 | €197,327 | €193,574 | -€3,753 | -1.9% |
| Trade receivables | 40 | €167,930 | €136,053 | -€31,877 | -19.0% |
| Other amounts receivable | 41 | €29,397 | €57,521 | +€28,123 | +95.7% |
| Cash at bank and in hand | 54/58 | €28,653 | €1,164 | -€27,489 | -95.9% |
| Total equity and liabilities | 10/49 | €246,481 | €202,808 | -€43,673 | -17.7% |
| Equity | 10/15 | €83,118 | €93,432 | +€10,314 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,175 | €1,175 | = | 0.0% |
| Distributable reserves | 133 | €1,175 | €1,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,343 | €73,657 | +€10,314 | +16.3% |
| Amounts payable | 17/49 | €163,362 | €109,375 | -€53,987 | -33.0% |
| Amounts payable within one year | 42/48 | €163,362 | €109,375 | -€53,987 | -33.0% |
| Trade debts | 44 | €154,660 | €50,044 | -€104,616 | -67.6% |
| Suppliers | 440/4 | €154,660 | €50,044 | -€104,616 | -67.6% |
| Taxes, remuneration and social security | 45 | €8,702 | €17,448 | +€8,746 | +101% |
| Taxes | 450/3 | - | €5,874 | +€5,874 | |
| Remuneration and social security | 454/9 | €8,702 | €11,574 | +€2,872 | +33.0% |
| Other amounts payable | 47/48 | - | €41,883 | +€41,883 | |
| Remuneration, social security and pensions | 62 | €52,969 | €54,363 | +€1,394 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,520 | €1,320 | -€200 | -13.2% |
| Other operating charges | 640/8 | €752 | €1,105 | +€353 | +47.0% |
| Gross operating margin | 9900 | €66,629 | €70,062 | +€3,433 | +5.2% |
| Operating profit (loss) | 9901 | €11,389 | €13,275 | +€1,886 | +16.6% |
| Financial income | 75/76B | €524 | €2,132 | +€1,608 | +307% |
| Recurring financial income | 75 | €524 | €2,132 | +€1,608 | +307% |
| Financial charges | 65/66B | €366 | €434 | +€68 | +18.4% |
| Recurring financial charges | 65 | €366 | €434 | +€68 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €11,546 | €14,973 | +€3,426 | +29.7% |
| Income taxes | 67/77 | €3,329 | €4,659 | +€1,330 | +39.9% |
| Profit (loss) for the period | 9904 | €8,217 | €10,314 | +€2,097 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,217 | €10,314 | +€2,097 | +25.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.