C-TEN: 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-TEN
Largest movements
- Cash +€17,853
up €17,853 (+65.0%), from €27,459 to €45,312
mainly Net result for the year (+€16,230) and Depreciation (+€12,605)
- Tangible fixed assets -€14,695
down €14,695 (-33.9%), from €43,301 to €28,605
of which Furniture and vehicles: -€12,605
- Receivables within one year -€7,945
down €7,945 (-27.5%), from €28,918 to €20,973
of which Trade receivables: -€7,303
- Deferred charges and accrued income -€2,180
down €2,180 (-35.5%), from €6,133 to €3,953
- Profit (loss) carried forward +€15,397
up €15,397 (+33.7%), from €45,727 to €61,124
- Debts after one year -€9,968
down €9,968 (-39.4%), from €25,296 to €15,328
- Trade debts -€5,403
down €5,403 (-71.7%), from €7,540 to €2,136
- Tax, wage and social debts -€4,984
down €4,984 (-69.4%), from €7,184 to €2,200
of which Taxes: -€4,984
- Current portion of long-term debt -€2,189
down €2,189 (-18.0%), from €12,156 to €9,968
- Gross operating margin +€5,984
up €5,984 (+18.9%), from €31,715 to €37,700
- Taxes +€782
up €782 (+19.3%), from €4,046 to €4,829
- Financial charges -€558
down €558 (-30.5%), from €1,829 to €1,271
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 | €106,660 | €99,693 | -€6,967 | -6.5% |
| Fixed assets | 21/28 | €43,301 | €28,605 | -€14,695 | -33.9% |
| Tangible fixed assets | 22/27 | €43,301 | €28,605 | -€14,695 | -33.9% |
| Plant, machinery and equipment | 23 | €2,090 | €0 | -€2,090 | -100% |
| Furniture and vehicles | 24 | €41,211 | €28,605 | -€12,605 | -30.6% |
| Current assets | 29/58 | €63,360 | €71,087 | +€7,728 | +12.2% |
| Stocks and contracts in progress | 3 | €850 | €850 | = | 0.0% |
| Stocks | 30/36 | €850 | €850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,918 | €20,973 | -€7,945 | -27.5% |
| Trade receivables | 40 | €23,253 | €15,950 | -€7,303 | -31.4% |
| Other amounts receivable | 41 | €5,664 | €5,023 | -€642 | -11.3% |
| Cash at bank and in hand | 54/58 | €27,459 | €45,312 | +€17,853 | +65.0% |
| Deferred charges and accrued income | 490/1 | €6,133 | €3,953 | -€2,180 | -35.5% |
| Total equity and liabilities | 10/49 | €106,660 | €99,693 | -€6,967 | -6.5% |
| Equity | 10/15 | €47,727 | €63,124 | +€15,397 | +32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,727 | €61,124 | +€15,397 | +33.7% |
| Amounts payable | 17/49 | €58,933 | €36,568 | -€22,364 | -37.9% |
| Amounts payable after more than one year | 17 | €25,296 | €15,328 | -€9,968 | -39.4% |
| Financial debts | 170/4 | €25,296 | €15,328 | -€9,968 | -39.4% |
| Amounts payable within one year | 42/48 | €33,636 | €21,240 | -€12,396 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €12,156 | €9,968 | -€2,189 | -18.0% |
| Trade debts | 44 | €7,540 | €2,136 | -€5,403 | -71.7% |
| Suppliers | 440/4 | €7,540 | €2,136 | -€5,403 | -71.7% |
| Taxes, remuneration and social security | 45 | €7,184 | €2,200 | -€4,984 | -69.4% |
| Taxes | 450/3 | €7,184 | €2,200 | -€4,984 | -69.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,756 | €6,936 | +€180 | +2.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,766 | €12,605 | -€160 | -1.3% |
| Other operating charges | 640/8 | €957 | €675 | -€282 | -29.5% |
| Non-recurring operating charges | 66A | - | €2,090 | +€2,090 | |
| Gross operating margin | 9900 | €31,715 | €37,700 | +€5,984 | +18.9% |
| Operating profit (loss) | 9901 | €17,993 | €22,330 | +€4,337 | +24.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,829 | €1,271 | -€558 | -30.5% |
| Recurring financial charges | 65 | €1,829 | €1,271 | -€558 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €16,164 | €21,059 | +€4,895 | +30.3% |
| Income taxes | 67/77 | €4,046 | €4,829 | +€782 | +19.3% |
| Profit (loss) for the period | 9904 | €12,118 | €16,230 | +€4,113 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,118 | €16,230 | +€4,113 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.