C-Tec²: what changed
Two fiscal 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-Tec²
Largest movements
- Current investments -€398,507
down €398,507 (-4.0%), from €10.1m to €9.7m
- Other debts +€1.0m
up €1.0m (+21811.2%), from €4,594 to €1.0m
- Reserves -€821,608
down €821,608 (-8.5%), from €9.7m to €8.8m
of which Distributable reserves: -€821,608
- Tax, wage and social debts -€595,415
down €595,415 (-94.0%), from €633,299 to €37,884
of which Taxes: -€595,465
- Financial income -€170,401
down €170,401 (-52.1%), from €327,019 to €156,617
- Taxes -€70,635
down €70,635 (-46.9%), from €150,599 to €79,964
- Financial charges +€28,837
up €28,837, from -€1,458 to €27,378
- Gross operating margin -€27,051
down €27,051 (-15.1%), from €179,666 to €152,615
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 | €10,330,442 | €9,922,368 | -€408,074 | -4.0% |
| Fixed assets | 21/28 | €87,109 | €65,452 | -€21,657 | -24.9% |
| Tangible fixed assets | 22/27 | €87,109 | €65,452 | -€21,657 | -24.9% |
| Furniture and vehicles | 24 | €87,109 | €65,452 | -€21,657 | -24.9% |
| Current assets | 29/58 | €10,243,333 | €9,856,916 | -€386,417 | -3.8% |
| Amounts receivable within one year | 40/41 | €40,808 | €44,600 | +€3,792 | +9.3% |
| Trade receivables | 40 | €21,000 | €21,000 | = | 0.0% |
| Other amounts receivable | 41 | €19,808 | €23,600 | +€3,792 | +19.1% |
| Current investments | 50/53 | €10,071,159 | €9,672,652 | -€398,507 | -4.0% |
| Cash at bank and in hand | 54/58 | €122,261 | €120,153 | -€2,108 | -1.7% |
| Deferred charges and accrued income | 490/1 | €9,105 | €19,511 | +€10,406 | +114.3% |
| Total equity and liabilities | 10/49 | €10,330,442 | €9,922,368 | -€408,074 | -4.0% |
| Equity | 10/15 | €9,689,999 | €8,868,390 | -€821,608 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,671,399 | €8,849,790 | -€821,608 | -8.5% |
| Tax-exempt reserves | 132 | €840 | €840 | = | 0.0% |
| Distributable reserves | 133 | €9,670,558 | €8,848,950 | -€821,608 | -8.5% |
| Amounts payable | 17/49 | €640,443 | €1,053,978 | +€413,534 | +64.6% |
| Amounts payable within one year | 42/48 | €640,294 | €1,046,159 | +€405,866 | +63.4% |
| Trade debts | 44 | €2,401 | €1,676 | -€724 | -30.2% |
| Suppliers | 440/4 | €2,401 | €1,676 | -€724 | -30.2% |
| Taxes, remuneration and social security | 45 | €633,299 | €37,884 | -€595,415 | -94.0% |
| Taxes | 450/3 | €628,243 | €32,777 | -€595,465 | -94.8% |
| Remuneration and social security | 454/9 | €5,056 | €5,107 | +€51 | +1.0% |
| Other amounts payable | 47/48 | €4,594 | €1,006,599 | +€1.0m | +21811.2% |
| Accrued charges and deferred income | 492/3 | €150 | €7,818 | +€7,668 | +5124.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,248 | €21,657 | +€1,409 | +7.0% |
| Other operating charges | 640/8 | €1,813 | €1,842 | +€29 | +1.6% |
| Gross operating margin | 9900 | €179,666 | €152,615 | -€27,051 | -15.1% |
| Operating profit (loss) | 9901 | €157,605 | €129,116 | -€28,488 | -18.1% |
| Financial income | 75/76B | €327,019 | €156,617 | -€170,401 | -52.1% |
| Recurring financial income | 75 | €327,019 | €156,617 | -€170,401 | -52.1% |
| Financial charges | 65/66B | -€1,458 | €27,378 | +€28,837 | |
| Recurring financial charges | 65 | -€1,458 | €27,378 | +€28,837 | |
| Profit (loss) for the period before taxes | 9903 | €486,082 | €258,355 | -€227,726 | -46.8% |
| Income taxes | 67/77 | €150,599 | €79,964 | -€70,635 | -46.9% |
| Profit (loss) for the period | 9904 | €335,482 | €178,392 | -€157,091 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €335,482 | €178,392 | -€157,091 | -46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.