C2TM: 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.
C2TM
Largest movements
- Receivables within one year -€20,380
down €20,380 (-52.6%), from €38,749 to €18,369
of which Other amounts receivable: -€13,499
- Tangible fixed assets -€5,998
down €5,998 (-91.4%), from €6,560 to €563
of which Furniture and vehicles: -€5,689
- Cash -€4,329
down €4,329 (-91.7%), from €4,721 to €393
mainly Net result for the year (-€18,671) and Trade debts (-€14,889)
- Deferred charges and accrued income -€2,009
down €2,009 (-99.1%), from €2,028 to €19
- Profit (loss) carried forward -€18,671
down €18,671, from €7,389 to -€11,283
- Trade debts -€14,889
down €14,889 (-57.2%), from €26,023 to €11,134
- Other debts +€6,674
new in 2025: €6,674
- Current portion of long-term debt -€5,793
no longer reported in 2025 (was €5,793)
- Gross operating margin -€4,727
down €4,727 (-65.9%), from -€7,172 to -€11,898
- Depreciation -€2,046
down €2,046 (-25.4%), from €8,044 to €5,998
- Financial income -€558
no longer reported in 2025 (was €558)
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 | €52,059 | €19,343 | -€32,715 | -62.8% |
| Fixed assets | 21/28 | €6,560 | €563 | -€5,998 | -91.4% |
| Tangible fixed assets | 22/27 | €6,560 | €563 | -€5,998 | -91.4% |
| Plant, machinery and equipment | 23 | €871 | €563 | -€308 | -35.4% |
| Furniture and vehicles | 24 | €5,689 | - | -€5,689 | |
| Current assets | 29/58 | €45,498 | €18,781 | -€26,718 | -58.7% |
| Amounts receivable within one year | 40/41 | €38,749 | €18,369 | -€20,380 | -52.6% |
| Trade receivables | 40 | €16,424 | €9,544 | -€6,881 | -41.9% |
| Other amounts receivable | 41 | €22,325 | €8,825 | -€13,499 | -60.5% |
| Cash at bank and in hand | 54/58 | €4,721 | €393 | -€4,329 | -91.7% |
| Deferred charges and accrued income | 490/1 | €2,028 | €19 | -€2,009 | -99.1% |
| Total equity and liabilities | 10/49 | €52,059 | €19,343 | -€32,715 | -62.8% |
| Equity | 10/15 | €19,894 | €1,223 | -€18,671 | -93.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105 | €105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €105 | €105 | = | 0.0% |
| Reserves not available under the articles | 1311 | €105 | €105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,389 | -€11,283 | -€18,671 | |
| Amounts payable | 17/49 | €32,165 | €18,121 | -€14,044 | -43.7% |
| Amounts payable within one year | 42/48 | €32,021 | €18,121 | -€13,901 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €5,793 | - | -€5,793 | |
| Trade debts | 44 | €26,023 | €11,134 | -€14,889 | -57.2% |
| Suppliers | 440/4 | €26,023 | €11,134 | -€14,889 | -57.2% |
| Taxes, remuneration and social security | 45 | €205 | €312 | +€107 | +52.3% |
| Taxes | 450/3 | €205 | €312 | +€107 | +52.3% |
| Other amounts payable | 47/48 | - | €6,674 | +€6,674 | |
| Accrued charges and deferred income | 492/3 | €143 | - | -€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,044 | €5,998 | -€2,046 | -25.4% |
| Other operating charges | 640/8 | €172 | €200 | +€28 | +16.3% |
| Gross operating margin | 9900 | -€7,172 | -€11,898 | -€4,727 | -65.9% |
| Operating profit (loss) | 9901 | -€15,388 | -€18,096 | -€2,708 | -17.6% |
| Financial income | 75/76B | €558 | - | -€558 | |
| Recurring financial income | 75 | €558 | - | -€558 | |
| Financial charges | 65/66B | €471 | €372 | -€100 | -21.2% |
| Recurring financial charges | 65 | €471 | €372 | -€100 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,301 | -€18,467 | -€3,167 | -20.7% |
| Income taxes | 67/77 | €237 | €204 | -€33 | -13.8% |
| Profit (loss) for the period | 9904 | -€15,537 | -€18,671 | -€3,134 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,537 | -€18,671 | -€3,134 | -20.2% |
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.