CT & C: 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 & C
Largest movements
- Tangible fixed assets +€34,816
up €34,816 (+13.3%), from €261,758 to €296,574
of which Furniture and vehicles: +€18,314
- Stocks and contracts +€10,000
up €10,000 (+9.3%), from €107,091 to €117,091
of which Contracts in progress: +€10,000
- Other debts +€44,534
up €44,534 (+12.2%), from €366,082 to €410,616
- Depreciation -€16,297
down €16,297 (-50.2%), from €32,479 to €16,182
- Gross operating margin -€3,907
down €3,907 (-14.5%), from €26,928 to €23,022
- Other operating charges -€358
down €358 (-12.6%), from €2,842 to €2,484
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 | €391,385 | €440,160 | +€48,775 | +12.5% |
| Fixed assets | 21/28 | €261,758 | €296,574 | +€34,816 | +13.3% |
| Tangible fixed assets | 22/27 | €261,758 | €296,574 | +€34,816 | +13.3% |
| Land and buildings | 22 | €259,605 | €277,163 | +€17,558 | +6.8% |
| Plant, machinery and equipment | 23 | €2,154 | €1,098 | -€1,056 | -49.0% |
| Furniture and vehicles | 24 | - | €18,314 | +€18,314 | |
| Current assets | 29/58 | €129,627 | €143,586 | +€13,959 | +10.8% |
| Stocks and contracts in progress | 3 | €107,091 | €117,091 | +€10,000 | +9.3% |
| Stocks | 30/36 | €9,897 | €9,897 | = | 0.0% |
| Contracts in progress | 37 | €97,194 | €107,194 | +€10,000 | +10.3% |
| Amounts receivable within one year | 40/41 | €18,460 | €22,519 | +€4,059 | +22.0% |
| Trade receivables | 40 | €17,490 | €17,490 | = | 0.0% |
| Other amounts receivable | 41 | €970 | €5,029 | +€4,059 | +418.3% |
| Cash at bank and in hand | 54/58 | €4,076 | €3,976 | -€100 | -2.5% |
| Total equity and liabilities | 10/49 | €391,385 | €440,160 | +€48,775 | +12.5% |
| Equity | 10/15 | €23,133 | €27,281 | +€4,148 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,391 | €33,391 | = | 0.0% |
| Distributable reserves | 133 | €33,391 | €33,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,858 | -€24,710 | +€4,148 | +14.4% |
| Amounts payable | 17/49 | €368,252 | €412,879 | +€44,627 | +12.1% |
| Amounts payable within one year | 42/48 | €368,252 | €412,879 | +€44,627 | +12.1% |
| Trade debts | 44 | €170 | €263 | +€93 | +55.0% |
| Suppliers | 440/4 | €170 | €263 | +€93 | +55.0% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €366,082 | €410,616 | +€44,534 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,479 | €16,182 | -€16,297 | -50.2% |
| Other operating charges | 640/8 | €2,842 | €2,484 | -€358 | -12.6% |
| Gross operating margin | 9900 | €26,928 | €23,022 | -€3,907 | -14.5% |
| Operating profit (loss) | 9901 | -€8,393 | €4,355 | +€12,748 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +103000.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +103000.0% |
| Financial charges | 65/66B | €179 | €218 | +€39 | +21.9% |
| Recurring financial charges | 65 | €179 | €218 | +€39 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,571 | €4,148 | +€12,719 | |
| Profit (loss) for the period | 9904 | -€8,571 | €4,148 | +€12,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,571 | €4,148 | +€12,719 |
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.