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.
C-TECH
Largest movements
- 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
- 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
- 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
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 | €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.