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C-TECH: 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.

What changed

C-TECH

BE 0466.472.901
NACE 43.240, Other construction installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,042
2024 · €21,491+€1,551
Equity
€148,943
2024 · €125,900+€23,042
Cash
€43,773
2024 · €80,389-€36,616
Balance sheet total
€204,164
2024 · €187,548+€16,616

Largest movements

2024 to 2025
Assets
  • Current investments +€50,000

    new in 2025: €50,000

  • Cash -€36,616

    down €36,616 (-45.5%), from €80,389 to €43,773

    mainly Current investments (-€50,000) and Receivables within one year (-€12,221)

  • Receivables within one year +€12,221

    up €12,221 (+34.1%), from €35,847 to €48,069

    of which Trade receivables: +€16,081

  • Tangible fixed assets -€9,439

    down €9,439 (-14.6%), from €64,811 to €55,372

    of which Furniture and vehicles: -€9,439

Equity and liabilities
  • Reserves +€23,000

    up €23,000 (+21.4%), from €107,267 to €130,267

    of which Distributable reserves: +€23,000

  • Debts after one year -€9,739

    down €9,739 (-25.4%), from €38,314 to €28,574

  • Trade debts +€5,527

    up €5,527 (+84.2%), from €6,564 to €12,091

  • Tax, wage and social debts -€2,557

    down €2,557 (-34.6%), from €7,382 to €4,826

Income statement
  • Gross operating margin +€8,622

    up €8,622 (+22.2%), from €38,925 to €47,547

  • Depreciation +€6,293

    up €6,293 (+200.0%), from €3,146 to €9,439

  • Financial charges +€1,030

    up €1,030 (+168.0%), from €613 to €1,643

  • Taxes +€956

    up €956 (+9.0%), from €10,653 to €11,609

  • Other operating charges -€650

    down €650 (-19.6%), from €3,322 to €2,672

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €21,491
Gross operating margin +€8,622
Depreciation -€6,293
Other operating charges +€650
Financial income +€558
Financial charges -€1,030
Taxes -€956
Result 2025 €23,042

Cash bridge derived

cash 2024 to 2025

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.

From operations +€22,781
Investment -€50,000
Financing -€9,397
Cash 2024 €80,389
Net result for the year +€23,042
Depreciation +€9,439
Stocks and contracts -€450
Receivables within one year -€12,221
Trade debts +€5,527
Tax, wage and social debts -€2,557
Current investments -€50,000
Debts after one year -€9,739
Current portion of long-term debt +€342
Cash 2025 €43,773
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €187,548 €204,164 +€16,616 +8.9%
Fixed assets 21/28 €64,811 €55,372 -€9,439 -14.6%
Tangible fixed assets 22/27 €64,811 €55,372 -€9,439 -14.6%
Land and buildings 22 €20,762 €20,762 = 0.0%
Furniture and vehicles 24 €44,049 €34,610 -€9,439 -21.4%
Current assets 29/58 €122,737 €148,792 +€26,055 +21.2%
Stocks and contracts in progress 3 €6,500 €6,950 +€450 +6.9%
Stocks 30/36 €6,500 €6,950 +€450 +6.9%
Amounts receivable within one year 40/41 €35,847 €48,069 +€12,221 +34.1%
Trade receivables 40 €31,035 €47,115 +€16,081 +51.8%
Other amounts receivable 41 €4,813 €953 -€3,859 -80.2%
Current investments 50/53 - €50,000 +€50,000
Cash at bank and in hand 54/58 €80,389 €43,773 -€36,616 -45.5%
Total equity and liabilities 10/49 €187,548 €204,164 +€16,616 +8.9%
Equity 10/15 €125,900 €148,943 +€23,042 +18.3%
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €107,267 €130,267 +€23,000 +21.4%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Reserves not available under the articles 1311 €1,859 €1,859 = 0.0%
Distributable reserves 133 €105,408 €128,408 +€23,000 +21.8%
Profit (loss) carried forward 14 €41 €83 +€42 +104.0%
Amounts payable 17/49 €61,648 €55,221 -€6,426 -10.4%
Amounts payable after more than one year 17 €38,314 €28,574 -€9,739 -25.4%
Financial debts 170/4 €38,314 €28,574 -€9,739 -25.4%
Amounts payable within one year 42/48 €23,334 €26,647 +€3,313 +14.2%
Current portion of amounts payable after more than one year 42 €9,388 €9,730 +€342 +3.6%
Trade debts 44 €6,564 €12,091 +€5,527 +84.2%
Suppliers 440/4 €6,564 €12,091 +€5,527 +84.2%
Taxes, remuneration and social security 45 €7,382 €4,826 -€2,557 -34.6%
Taxes 450/3 €7,382 €4,826 -€2,557 -34.6%
Non-recurring operating income 76A - €826 +€826
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,146 €9,439 +€6,293 +200.0%
Other operating charges 640/8 €3,322 €2,672 -€650 -19.6%
Gross operating margin 9900 €38,925 €47,547 +€8,622 +22.2%
Operating profit (loss) 9901 €32,457 €35,437 +€2,979 +9.2%
Financial income 75/76B €300 €859 +€558 +185.9%
Recurring financial income 75 €300 €859 +€558 +185.9%
Financial charges 65/66B €613 €1,643 +€1,030 +168.0%
Recurring financial charges 65 €613 €1,643 +€1,030 +168.0%
Profit (loss) for the period before taxes 9903 €32,144 €34,652 +€2,507 +7.8%
Income taxes 67/77 €10,653 €11,609 +€956 +9.0%
Profit (loss) for the period 9904 €21,491 €23,042 +€1,551 +7.2%
Profit (loss) for the period to be appropriated 9905 €21,491 €23,042 +€1,551 +7.2%

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 4 October 2026 via checked.be.