CT CREATION: 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 CREATION
Largest movements
- Cash +€67,871
up €67,871 (+52.1%), from €130,365 to €198,236
mainly Net result for the year (+€45,584) and Depreciation (+€19,305)
- Tangible fixed assets -€19,305
down €19,305 (-19.0%), from €101,653 to €82,348
of which Furniture and vehicles: -€14,437
- Receivables within one year -€19,009
down €19,009 (-62.9%), from €30,229 to €11,221
of which Other amounts receivable: -€17,642
- Reserves +€45,584
up €45,584 (+27.7%), from €164,372 to €209,956
of which Distributable reserves: +€45,584
- Debts after one year -€10,017
down €10,017 (-32.9%), from €30,423 to €20,407
of which Financial debts: -€10,017
- Other debts -€4,513
down €4,513 (-37.9%), from €11,921 to €7,408
- Current portion of long-term debt -€3,061
down €3,061 (-23.4%), from €13,078 to €10,017
- Gross operating margin +€15,762
up €15,762 (+13.6%), from €115,582 to €131,343
- Depreciation -€7,762
down €7,762 (-28.7%), from €27,067 to €19,305
- Staff costs +€3,203
up €3,203 (+7.7%), from €41,336 to €44,539
- Taxes +€2,813
up €2,813 (+18.7%), from €15,018 to €17,831
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,790 | €298,762 | +€26,973 | +9.9% |
| Fixed assets | 21/28 | €101,653 | €82,348 | -€19,305 | -19.0% |
| Tangible fixed assets | 22/27 | €101,653 | €82,348 | -€19,305 | -19.0% |
| Land and buildings | 22 | €57,357 | €52,828 | -€4,529 | -7.9% |
| Plant, machinery and equipment | 23 | €949 | €611 | -€339 | -35.7% |
| Furniture and vehicles | 24 | €43,347 | €28,910 | -€14,437 | -33.3% |
| Current assets | 29/58 | €170,137 | €216,415 | +€46,278 | +27.2% |
| Stocks and contracts in progress | 3 | €4,855 | €2,303 | -€2,552 | -52.6% |
| Stocks | 30/36 | €4,855 | €2,303 | -€2,552 | -52.6% |
| Amounts receivable within one year | 40/41 | €30,229 | €11,221 | -€19,009 | -62.9% |
| Trade receivables | 40 | €12,123 | €10,757 | -€1,366 | -11.3% |
| Other amounts receivable | 41 | €18,106 | €464 | -€17,642 | -97.4% |
| Cash at bank and in hand | 54/58 | €130,365 | €198,236 | +€67,871 | +52.1% |
| Deferred charges and accrued income | 490/1 | €4,688 | €4,654 | -€33 | -0.7% |
| Total equity and liabilities | 10/49 | €271,790 | €298,762 | +€26,973 | +9.9% |
| Equity | 10/15 | €183,666 | €228,956 | +€45,290 | +24.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €164,372 | €209,956 | +€45,584 | +27.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €164,372 | €209,956 | +€45,584 | +27.7% |
| Profit (loss) carried forward | 14 | €294 | €0 | -€294 | -100.0% |
| Amounts payable | 17/49 | €88,124 | €69,807 | -€18,317 | -20.8% |
| Amounts payable after more than one year | 17 | €30,423 | €20,407 | -€10,017 | -32.9% |
| Financial debts | 170/4 | €30,203 | €20,187 | -€10,017 | -33.2% |
| Other amounts payable | 178/9 | €220 | €220 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,701 | €49,400 | -€8,301 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €13,078 | €10,017 | -€3,061 | -23.4% |
| Trade debts | 44 | €9,440 | €8,202 | -€1,238 | -13.1% |
| Suppliers | 440/4 | €9,440 | €8,202 | -€1,238 | -13.1% |
| Taxes, remuneration and social security | 45 | €23,262 | €23,774 | +€511 | +2.2% |
| Taxes | 450/3 | €18,883 | €17,619 | -€1,264 | -6.7% |
| Remuneration and social security | 454/9 | €4,379 | €6,155 | +€1,776 | +40.6% |
| Other amounts payable | 47/48 | €11,921 | €7,408 | -€4,513 | -37.9% |
| Remuneration, social security and pensions | 62 | €41,336 | €44,539 | +€3,203 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,067 | €19,305 | -€7,762 | -28.7% |
| Other operating charges | 640/8 | €3,013 | €2,664 | -€348 | -11.6% |
| Gross operating margin | 9900 | €115,582 | €131,343 | +€15,762 | +13.6% |
| Operating profit (loss) | 9901 | €44,166 | €64,835 | +€20,669 | +46.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,657 | €1,420 | -€237 | -14.3% |
| Recurring financial charges | 65 | €1,657 | €1,420 | -€237 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €42,509 | €63,415 | +€20,906 | +49.2% |
| Income taxes | 67/77 | €15,018 | €17,831 | +€2,813 | +18.7% |
| Profit (loss) for the period | 9904 | €27,491 | €45,584 | +€18,093 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,491 | €45,584 | +€18,093 | +65.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.