CT BOUW: 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.
CT BOUW
Largest movements
- Receivables within one year +€59,961
up €59,961 (+99.2%), from €60,468 to €120,429
of which Trade receivables: +€51,537
- Cash +€25,092
up €25,092 (+96.9%), from €25,901 to €50,993
mainly Trade debts (+€69,131) and Net result for the year (+€25,790)
- Tangible fixed assets +€14,810
up €14,810 (+1357.3%), from €1,091 to €15,902
- Stocks and contracts +€13,498
new in 2025: €13,498
- Trade debts +€69,131
up €69,131 (+1150.7%), from €6,008 to €75,139
- Reserves +€25,790
up €25,790 (+22.7%), from €113,372 to €139,162
- Tax, wage and social debts +€8,837
up €8,837 (+32.8%), from €26,928 to €35,764
- Debts after one year +€5,934
new in 2025: €5,934
- Current portion of long-term debt +€4,285
new in 2025: €4,285
- Gross operating margin -€4,065
down €4,065 (-8.6%), from €47,030 to €42,965
- Depreciation +€2,383
up €2,383 (+30506.3%), from €8 to €2,390
- Financial charges +€1,588
up €1,588 (+215.2%), from €738 to €2,326
- Taxes +€526
up €526 (+4.5%), from €11,754 to €12,279
- Other operating charges -€473
down €473 (-47.5%), from €996 to €523
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 | €182,460 | €297,741 | +€115,281 | +63.2% |
| Fixed assets | 21/28 | €96,091 | €110,902 | +€14,810 | +15.4% |
| Tangible fixed assets | 22/27 | €1,091 | €15,902 | +€14,810 | +1357.3% |
| Plant, machinery and equipment | 23 | €1,091 | €15,902 | +€14,810 | +1357.3% |
| Financial fixed assets | 28 | €95,000 | €95,000 | = | 0.0% |
| Current assets | 29/58 | €86,369 | €186,839 | +€100,470 | +116.3% |
| Stocks and contracts in progress | 3 | - | €13,498 | +€13,498 | |
| Stocks | 30/36 | - | €13,498 | +€13,498 | |
| Amounts receivable within one year | 40/41 | €60,468 | €120,429 | +€59,961 | +99.2% |
| Trade receivables | 40 | €60,366 | €111,904 | +€51,537 | +85.4% |
| Other amounts receivable | 41 | €102 | €8,526 | +€8,424 | +8299.6% |
| Cash at bank and in hand | 54/58 | €25,901 | €50,993 | +€25,092 | +96.9% |
| Deferred charges and accrued income | 490/1 | - | €1,919 | +€1,919 | |
| Total equity and liabilities | 10/49 | €182,460 | €297,741 | +€115,281 | +63.2% |
| Equity | 10/15 | €133,823 | €159,613 | +€25,790 | +19.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Outside capital | 11 | €20,451 | €20,451 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €1,859 | €1,859 | = | 0.0% |
| Reserves | 13 | €113,372 | €139,162 | +€25,790 | +22.7% |
| Distributable reserves | 133 | €113,372 | €139,162 | +€25,790 | +22.7% |
| Amounts payable | 17/49 | €48,637 | €138,128 | +€89,490 | +184.0% |
| Amounts payable after more than one year | 17 | - | €5,934 | +€5,934 | |
| Financial debts | 170/4 | - | €5,934 | +€5,934 | |
| Amounts payable within one year | 42/48 | €48,637 | €132,193 | +€83,556 | +171.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,285 | +€4,285 | |
| Trade debts | 44 | €6,008 | €75,139 | +€69,131 | +1150.7% |
| Suppliers | 440/4 | €6,008 | €75,139 | +€69,131 | +1150.7% |
| Taxes, remuneration and social security | 45 | €26,928 | €35,764 | +€8,837 | +32.8% |
| Taxes | 450/3 | €26,928 | €35,764 | +€8,837 | +32.8% |
| Other amounts payable | 47/48 | €15,701 | €17,004 | +€1,303 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €2,390 | +€2,383 | +30506.3% |
| Other operating charges | 640/8 | €996 | €523 | -€473 | -47.5% |
| Gross operating margin | 9900 | €47,030 | €42,965 | -€4,065 | -8.6% |
| Operating profit (loss) | 9901 | €46,027 | €40,052 | -€5,975 | -13.0% |
| Financial income | 75/76B | €0 | €344 | +€343 | +163533.3% |
| Recurring financial income | 75 | €0 | €344 | +€343 | +163533.3% |
| Financial charges | 65/66B | €738 | €2,326 | +€1,588 | +215.2% |
| Recurring financial charges | 65 | €738 | €2,326 | +€1,588 | +215.2% |
| Profit (loss) for the period before taxes | 9903 | €45,289 | €38,070 | -€7,219 | -15.9% |
| Income taxes | 67/77 | €11,754 | €12,279 | +€526 | +4.5% |
| Profit (loss) for the period | 9904 | €33,535 | €25,790 | -€7,745 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,535 | €25,790 | -€7,745 | -23.1% |
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 8 October 2026 via checked.be.