CT Group: 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 Group
Largest movements
- Tangible fixed assets -€35,455
down €35,455 (-11.9%), from €297,933 to €262,478
of which Other tangible fixed assets: -€23,783
- Stocks and contracts +€7,018
up €7,018 (+206.3%), from €3,403 to €10,421
- Financial fixed assets +€6,800
up €6,800, from €0 to €6,800
- Cash -€4,610
down €4,610 (-20.6%), from €22,343 to €17,732
mainly Debts after one year (-€21,881) and Investment in fixed assets (net) (-€14,536)
- Debts after one year -€21,881
down €21,881 (-17.2%), from €127,138 to €105,257
- Profit (loss) carried forward +€11,190
up €11,190 (+10.2%), from -€110,069 to -€98,879
- Current portion of long-term debt -€9,069
down €9,069 (-27.8%), from €32,660 to €23,591
- Trade debts -€7,923
down €7,923 (-12.7%), from €62,585 to €54,662
- Gross operating margin +€133,196
up €133,196 (+110.5%), from €120,572 to €253,768
- Staff costs +€64,844
up €64,844 (+53.6%), from €120,889 to €185,733
- Depreciation +€5,221
up €5,221 (+13.3%), from €39,272 to €44,494
- Financial charges +€4,631
up €4,631 (+96.9%), from €4,778 to €9,409
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 | €332,164 | €306,544 | -€25,620 | -7.7% |
| Fixed assets | 21/28 | €301,183 | €271,226 | -€29,957 | -9.9% |
| Intangible fixed assets | 21 | €3,251 | €1,948 | -€1,302 | -40.1% |
| Tangible fixed assets | 22/27 | €297,933 | €262,478 | -€35,455 | -11.9% |
| Plant, machinery and equipment | 23 | - | €2,396 | +€2,396 | |
| Furniture and vehicles | 24 | €35,986 | €24,037 | -€11,948 | -33.2% |
| Leasing and similar rights | 25 | €22,266 | €20,147 | -€2,120 | -9.5% |
| Other tangible fixed assets | 26 | €239,681 | €215,898 | -€23,783 | -9.9% |
| Financial fixed assets | 28 | €0 | €6,800 | +€6,800 | |
| Current assets | 29/58 | €30,981 | €35,318 | +€4,338 | +14.0% |
| Stocks and contracts in progress | 3 | €3,403 | €10,421 | +€7,018 | +206.3% |
| Stocks | 30/36 | €3,403 | €10,421 | +€7,018 | +206.3% |
| Amounts receivable within one year | 40/41 | €3,250 | €5,320 | +€2,070 | +63.7% |
| Trade receivables | 40 | €1,319 | €3,042 | +€1,723 | +130.6% |
| Other amounts receivable | 41 | €1,931 | €2,278 | +€347 | +18.0% |
| Cash at bank and in hand | 54/58 | €22,343 | €17,732 | -€4,610 | -20.6% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,845 | -€140 | -7.1% |
| Total equity and liabilities | 10/49 | €332,164 | €306,544 | -€25,620 | -7.7% |
| Equity | 10/15 | -€103,009 | -€91,819 | +€11,190 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €860 | €860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,069 | -€98,879 | +€11,190 | +10.2% |
| Amounts payable | 17/49 | €435,173 | €398,363 | -€36,810 | -8.5% |
| Amounts payable after more than one year | 17 | €127,138 | €105,257 | -€21,881 | -17.2% |
| Financial debts | 170/4 | €127,138 | €105,257 | -€21,881 | -17.2% |
| Amounts payable within one year | 42/48 | €308,035 | €293,106 | -€14,929 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €32,660 | €23,591 | -€9,069 | -27.8% |
| Trade debts | 44 | €62,585 | €54,662 | -€7,923 | -12.7% |
| Suppliers | 440/4 | €62,585 | €54,662 | -€7,923 | -12.7% |
| Taxes, remuneration and social security | 45 | €22,585 | €22,342 | -€244 | -1.1% |
| Taxes | 450/3 | €9,382 | €5,375 | -€4,007 | -42.7% |
| Remuneration and social security | 454/9 | €13,204 | €16,967 | +€3,763 | +28.5% |
| Other amounts payable | 47/48 | €190,204 | €192,511 | +€2,307 | +1.2% |
| Non-recurring operating income | 76A | €646 | €0 | -€646 | -100.0% |
| Remuneration, social security and pensions | 62 | €120,889 | €185,733 | +€64,844 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,272 | €44,494 | +€5,221 | +13.3% |
| Other operating charges | 640/8 | €1,492 | €2,629 | +€1,137 | +76.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,572 | €253,768 | +€133,196 | +110.5% |
| Operating profit (loss) | 9901 | -€41,081 | €20,913 | +€61,994 | |
| Financial income | 75/76B | €298 | €0 | -€298 | -100.0% |
| Recurring financial income | 75 | €298 | €0 | -€298 | -100.0% |
| Financial charges | 65/66B | €4,778 | €9,409 | +€4,631 | +96.9% |
| Recurring financial charges | 65 | €4,778 | €9,409 | +€4,631 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | -€45,560 | €11,504 | +€57,064 | |
| Income taxes | 67/77 | €450 | €314 | -€136 | -30.3% |
| Profit (loss) for the period | 9904 | -€46,010 | €11,190 | +€57,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,010 | €11,190 | +€57,200 |
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 5 October 2026 via checked.be.