C-Tech Holding: 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 Holding
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · €105,120+€5.3m
Equity
€24.5m
2024 · €19.1m+€5.4m
Cash
€149,495
2024 · €96,825+€52,670
Balance sheet total
€27.4m
2024 · €29.4m-€2.0m
Largest movements
Assets
- Financial fixed assets -€2.7m
down €2.7m (-9.5%), from €28.1m to €25.4m
of which Affiliated companies: -€2.7m
- Receivables within one year +€785,177
up €785,177 (+81.2%), from €966,850 to €1.8m
of which Trade receivables: +€1.1m
Equity and liabilities
- Debts after one year -€7.1m
down €7.1m (-78.2%), from €9.0m to €2.0m
- Profit (loss) carried forward +€5.4m
up €5.4m (+53.9%), from €10.0m to €15.4m
- Trade debts -€367,223
down €367,223 (-38.4%), from €955,423 to €588,200
Income statement
- Services and other goods -€811,657
down €811,657 (-23.4%), from €3.5m to €2.7m
- Other operating income -€737,700
down €737,700 (-43.1%), from €1.7m to €972,173
- Staff costs +€248,090
up €248,090 (+18.2%), from €1.4m to €1.6m
- Turnover +€100,000
up €100,000 (+2.9%), from €3.4m to €3.5m
- Financial charges -€100,000
down €100,000 (-36.6%), from €272,992 to €172,992
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.
Result 2024
€105,120
Turnover
+€100,000
Other operating income
-€737,700
Goods and materials
-€19,222
Services and other goods
+€811,657
Staff costs
-€248,090
Depreciation
+€44,217
Write-downs
-€3,505
Other operating charges
-€1,136
Other operating items
+€5.3m
Financial income
-€9,892
Financial charges
+€100,000
Taxes
-€1,504
Result 2025
€5.4m
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.
From operations
+€4.6m
Investment
+€2.7m
Financing
-€7.2m
Cash 2024
€96,825
From operations (derived)
+€4.6m
Net result for the year
+€5.4m
Depreciation
+€38,002
Receivables after one year
+€87,653
Stocks and contracts
+€11,132
Receivables within one year
-€785,177
Deferred charges and accrued income
+€36,681
Trade debts
-€367,223
Tax, wage and social debts
+€148,339
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€2.7m
Financing
-€7.2m
Debts after one year
-€7.1m
Short-term financial debts
-€128,443
Cash 2025
€149,495
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,389,052 | €27,367,380 | -€2.0m | -6.9% |
| Fixed assets | 21/28 | €28,167,296 | €25,443,243 | -€2.7m | -9.7% |
| Intangible fixed assets | 21 | €2,485 | €2,102 | -€382 | -15.4% |
| Tangible fixed assets | 22/27 | €64,265 | €22,811 | -€41,453 | -64.5% |
| Land and buildings | 22 | €7,573 | €3,008 | -€4,564 | -60.3% |
| Plant, machinery and equipment | 23 | €10,117 | €8,358 | -€1,759 | -17.4% |
| Furniture and vehicles | 24 | €45,633 | €11,168 | -€34,465 | -75.5% |
| Other tangible fixed assets | 26 | €942 | €277 | -€665 | -70.6% |
| Financial fixed assets | 28 | €28,100,547 | €25,418,329 | -€2.7m | -9.5% |
| Affiliated companies | 280/1 | €28,100,489 | €25,418,329 | -€2.7m | -9.5% |
| Participating interests | 280 | €28,100,489 | €25,418,329 | -€2.7m | -9.5% |
| Other financial fixed assets | 284/8 | €58 | - | -€58 | |
| Amounts receivable and cash guarantees | 285/8 | €58 | - | -€58 | |
| Current assets | 29/58 | €1,221,755 | €1,924,137 | +€702,382 | +57.5% |
| Amounts receivable after more than one year | 29 | €87,653 | - | -€87,653 | |
| Other amounts receivable | 291 | €87,653 | - | -€87,653 | |
| Stocks and contracts in progress | 3 | €23,985 | €12,853 | -€11,132 | -46.4% |
| Stocks | 30/36 | €23,985 | €12,853 | -€11,132 | -46.4% |
| Goods purchased for resale | 34 | €23,985 | €12,853 | -€11,132 | -46.4% |
| Amounts receivable within one year | 40/41 | €966,850 | €1,752,027 | +€785,177 | +81.2% |
| Trade receivables | 40 | €602,111 | €1,708,016 | +€1.1m | +183.7% |
| Other amounts receivable | 41 | €364,739 | €44,011 | -€320,728 | -87.9% |
| Cash at bank and in hand | 54/58 | €96,825 | €149,495 | +€52,670 | +54.4% |
| Deferred charges and accrued income | 490/1 | €46,443 | €9,762 | -€36,681 | -79.0% |
| Total equity and liabilities | 10/49 | €29,389,052 | €27,367,380 | -€2.0m | -6.9% |
| Equity | 10/15 | €19,142,207 | €24,535,126 | +€5.4m | +28.2% |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Capital | 10 | €3,500,000 | €3,500,000 | = | 0.0% |
| Issued capital | 100 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | €5,643,060 | €5,643,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €681,557 | €681,557 | = | 0.0% |
| Legal reserve | 130 | €350,000 | €350,000 | = | 0.0% |
| Other | 1319 | €331,557 | €331,557 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,490,807 | €1,490,807 | = | 0.0% |
| Distributable reserves | 133 | €3,470,695 | €3,470,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,999,147 | €15,392,066 | +€5.4m | +53.9% |
| Amounts payable | 17/49 | €10,246,845 | €2,832,254 | -€7.4m | -72.4% |
| Amounts payable after more than one year | 17 | €9,032,280 | €1,965,017 | -€7.1m | -78.2% |
| Financial debts | 170/4 | €9,032,280 | €1,965,017 | -€7.1m | -78.2% |
| Subordinated loans | 170 | €8,711,880 | - | -€8.7m | |
| Credit institutions | 173 | €320,400 | - | -€320,400 | |
| Other loans | 174 | - | €1,965,017 | +€2.0m | |
| Amounts payable within one year | 42/48 | €1,214,564 | €867,237 | -€347,328 | -28.6% |
| Financial debts | 43 | €128,443 | - | -€128,443 | |
| Credit institutions | 430/8 | €128,443 | - | -€128,443 | |
| Trade debts | 44 | €955,423 | €588,200 | -€367,223 | -38.4% |
| Suppliers | 440/4 | €955,423 | €588,200 | -€367,223 | -38.4% |
| Taxes, remuneration and social security | 45 | €130,698 | €279,037 | +€148,339 | +113.5% |
| Taxes | 450/3 | €5,166 | €100,273 | +€95,107 | +1841.0% |
| Remuneration and social security | 454/9 | €125,532 | €178,764 | +€53,232 | +42.4% |
| Operating income | 70/76A | €5,284,873 | €9,888,173 | +€4.6m | +87.1% |
| Turnover | 70 | €3,400,000 | €3,500,000 | +€100,000 | +2.9% |
| Other operating income | 74 | €1,709,873 | €972,173 | -€737,700 | -43.1% |
| Non-recurring operating income | 76A | €175,000 | €5,416,000 | +€5.2m | +2994.9% |
| Operating charges | 60/66A | €4,927,373 | €4,331,477 | -€595,895 | -12.1% |
| Goods for resale, raw materials and consumables | 60 | -€8,090 | €11,132 | +€19,222 | |
| Change in stocks: decrease (increase) | 609 | -€8,090 | €11,132 | +€19,222 | |
| Services and other goods | 61 | €3,475,277 | €2,663,620 | -€811,657 | -23.4% |
| Remuneration, social security and pensions | 62 | €1,364,085 | €1,612,175 | +€248,090 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,218 | €38,002 | -€44,217 | -53.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,505 | +€3,505 | |
| Other operating charges | 640/8 | €1,908 | €3,044 | +€1,136 | +59.5% |
| Non-recurring operating charges | 66A | €11,974 | - | -€11,974 | |
| Operating profit (loss) | 9901 | €357,501 | €5,556,696 | +€5.2m | +1454.3% |
| Financial income | 75/76B | €22,785 | €12,893 | -€9,892 | -43.4% |
| Recurring financial income | 75 | €22,785 | €12,893 | -€9,892 | -43.4% |
| Income from financial fixed assets | 750 | €512 | €0 | -€512 | -100.0% |
| Income from current assets | 751 | - | €12,893 | +€12,893 | |
| Other financial income | 752/9 | €22,272 | €0 | -€22,272 | -100.0% |
| Financial charges | 65/66B | €272,992 | €172,992 | -€100,000 | -36.6% |
| Recurring financial charges | 65 | €272,992 | €172,992 | -€100,000 | -36.6% |
| Debt charges | 650 | €272,992 | €172,992 | -€100,000 | -36.6% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €107,293 | €5,396,597 | +€5.3m | +4929.8% |
| Income taxes | 67/77 | €2,174 | €3,678 | +€1,504 | +69.2% |
| Taxes | 670/3 | €2,174 | €3,678 | +€1,504 | +69.2% |
| Profit (loss) for the period | 9904 | €105,120 | €5,392,919 | +€5.3m | +5030.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,120 | €5,392,919 | +€5.3m | +5030.3% |
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.