CT&E: what changed
CT&E
Largest movements
- Cash +€133,646
up €133,646 (+381%), from €35,086 to €168,733
mainly Other debts (+€160,492) and Net result for the year (+€119,864)
- Receivables within one year -€51,472
down €51,472 (-34.2%), from €150,359 to €98,887
of which Other amounts receivable: -€50,000
- Tangible fixed assets -€26,088
down €26,088 (-20.5%), from €127,061 to €100,973
of which Leasing and similar rights: -€20,378
- Deferred charges and accrued income +€4,302
up €4,302 (+57.2%), from €7,523 to €11,825
- Other debts +€160,492
up €160,492 (+159%), from €101,202 to €261,694
- Reserves -€87,783
down €87,783 (-67.9%), from €129,211 to €41,428
- Debts after one year -€13,520
down €13,520 (-26.7%), from €50,699 to €37,178
- Gross operating margin +€47,118
up €47,118 (+35.2%), from €133,898 to €181,016
- Depreciation +€9,637
up €9,637 (+58.6%), from €16,451 to €26,088
- Taxes +€7,017
up €7,017 (+24.8%), from €28,293 to €35,310
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,029 | €380,418 | +€60,389 | +18.9% |
| Fixed assets | 21/28 | €127,061 | €100,973 | -€26,088 | -20.5% |
| Tangible fixed assets | 22/27 | €127,061 | €100,973 | -€26,088 | -20.5% |
| Furniture and vehicles | 24 | €3,416 | €2,028 | -€1,389 | -40.6% |
| Leasing and similar rights | 25 | €89,552 | €69,174 | -€20,378 | -22.8% |
| Other tangible fixed assets | 26 | €34,093 | €29,772 | -€4,321 | -12.7% |
| Current assets | 29/58 | €192,968 | €279,445 | +€86,477 | +44.8% |
| Amounts receivable within one year | 40/41 | €150,359 | €98,887 | -€51,472 | -34.2% |
| Trade receivables | 40 | €28,697 | €27,225 | -€1,472 | -5.1% |
| Other amounts receivable | 41 | €121,662 | €71,662 | -€50,000 | -41.1% |
| Cash at bank and in hand | 54/58 | €35,086 | €168,733 | +€133,646 | +381% |
| Deferred charges and accrued income | 490/1 | €7,523 | €11,825 | +€4,302 | +57.2% |
| Total equity and liabilities | 10/49 | €320,029 | €380,418 | +€60,389 | +18.9% |
| Equity | 10/15 | €134,211 | €46,428 | -€87,783 | -65.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €129,211 | €41,428 | -€87,783 | -67.9% |
| Distributable reserves | 133 | €129,211 | €41,428 | -€87,783 | -67.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €185,818 | €333,991 | +€148,172 | +79.7% |
| Amounts payable after more than one year | 17 | €50,699 | €37,178 | -€13,520 | -26.7% |
| Financial debts | 170/4 | €50,699 | €37,178 | -€13,520 | -26.7% |
| Amounts payable within one year | 42/48 | €135,120 | €296,812 | +€161,692 | +120% |
| Current portion of amounts payable after more than one year | 42 | €13,402 | €12,222 | -€1,180 | -8.8% |
| Trade debts | 44 | €1,313 | €1,024 | -€289 | -22.0% |
| Suppliers | 440/4 | €1,313 | €1,024 | -€289 | -22.0% |
| Taxes, remuneration and social security | 45 | €19,203 | €21,872 | +€2,669 | +13.9% |
| Taxes | 450/3 | €14,203 | €16,872 | +€2,669 | +18.8% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €101,202 | €261,694 | +€160,492 | +159% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,451 | €26,088 | +€9,637 | +58.6% |
| Other operating charges | 640/8 | €1,016 | €1,162 | +€146 | +14.4% |
| Gross operating margin | 9900 | €133,898 | €181,016 | +€47,118 | +35.2% |
| Operating profit (loss) | 9901 | €116,431 | €153,767 | +€37,336 | +32.1% |
| Financial income | 75/76B | €4,644 | €4,302 | -€341 | -7.3% |
| Recurring financial income | 75 | €4,644 | €4,302 | -€341 | -7.3% |
| Financial charges | 65/66B | €2,131 | €2,896 | +€765 | +35.9% |
| Recurring financial charges | 65 | €2,131 | €2,896 | +€765 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €118,944 | €155,174 | +€36,230 | +30.5% |
| Income taxes | 67/77 | €28,293 | €35,310 | +€7,017 | +24.8% |
| Profit (loss) for the period | 9904 | €90,651 | €119,864 | +€29,213 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,651 | €119,864 | +€29,213 | +32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.