CT-INVEST: what changed
CT-INVEST
Largest movements
- Stocks and contracts +€26,105
up €26,105 (+30.8%), from €84,740 to €110,845
- Cash -€10,093
down €10,093 (-51.7%), from €19,533 to €9,440
mainly Stocks and contracts (-€26,105) and Current portion of long-term debt (-€9,782)
- Tangible fixed assets -€4,122
down €4,122 (-75.9%), from €5,433 to €1,311
of which Furniture and vehicles: -€3,253
- Profit (loss) carried forward +€19,380
up €19,380 (+31.2%), from -€62,211 to -€42,831
- Trade debts +€11,619
up €11,619 (+41.4%), from €28,093 to €39,712
- Current portion of long-term debt -€9,782
down €9,782 (-53.4%), from €18,325 to €8,543
- Debts after one year -€7,141
no longer reported in 2025 (was €7,141)
- Tax, wage and social debts -€5,772
down €5,772 (-21.8%), from €26,425 to €20,653
of which Remuneration and social security: -€3,171
- Staff costs -€32,385
down €32,385 (-44.4%), from €72,998 to €40,613
- Other operating charges +€6,956
up €6,956 (+700%), from €994 to €7,950
- Financial charges -€3,706
down €3,706 (-38.0%), from €9,757 to €6,051
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,992 | €122,500 | +€12,508 | +11.4% |
| Fixed assets | 21/28 | €5,433 | €1,311 | -€4,122 | -75.9% |
| Tangible fixed assets | 22/27 | €5,433 | €1,311 | -€4,122 | -75.9% |
| Furniture and vehicles | 24 | €3,852 | €599 | -€3,253 | -84.4% |
| Other tangible fixed assets | 26 | €1,581 | €712 | -€869 | -55.0% |
| Current assets | 29/58 | €104,559 | €121,189 | +€16,630 | +15.9% |
| Stocks and contracts in progress | 3 | €84,740 | €110,845 | +€26,105 | +30.8% |
| Stocks | 30/36 | €84,740 | €110,845 | +€26,105 | +30.8% |
| Amounts receivable within one year | 40/41 | €286 | €904 | +€618 | +216% |
| Trade receivables | 40 | €286 | €904 | +€618 | +216% |
| Cash at bank and in hand | 54/58 | €19,533 | €9,440 | -€10,093 | -51.7% |
| Total equity and liabilities | 10/49 | €109,992 | €122,500 | +€12,508 | +11.4% |
| Equity | 10/15 | -€42,211 | -€22,831 | +€19,380 | +45.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,211 | -€42,831 | +€19,380 | +31.2% |
| Amounts payable | 17/49 | €152,203 | €145,331 | -€6,872 | -4.5% |
| Amounts payable after more than one year | 17 | €7,141 | - | -€7,141 | |
| Financial debts | 170/4 | €7,141 | - | -€7,141 | |
| Amounts payable within one year | 42/48 | €143,997 | €143,261 | -€736 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €18,325 | €8,543 | -€9,782 | -53.4% |
| Trade debts | 44 | €28,093 | €39,712 | +€11,619 | +41.4% |
| Suppliers | 440/4 | €28,093 | €39,712 | +€11,619 | +41.4% |
| Taxes, remuneration and social security | 45 | €26,425 | €20,653 | -€5,772 | -21.8% |
| Taxes | 450/3 | €14,322 | €11,721 | -€2,601 | -18.2% |
| Remuneration and social security | 454/9 | €12,103 | €8,932 | -€3,171 | -26.2% |
| Other amounts payable | 47/48 | €71,154 | €74,353 | +€3,199 | +4.5% |
| Accrued charges and deferred income | 492/3 | €1,065 | €2,070 | +€1,005 | +94.4% |
| Remuneration, social security and pensions | 62 | €72,998 | €40,613 | -€32,385 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,734 | €4,122 | -€612 | -12.9% |
| Other operating charges | 640/8 | €994 | €7,950 | +€6,956 | +700% |
| Gross operating margin | 9900 | €77,349 | €78,104 | +€755 | +1.0% |
| Operating profit (loss) | 9901 | -€1,377 | €25,419 | +€26,796 | |
| Financial income | 75/76B | €444 | €12 | -€432 | -97.3% |
| Recurring financial income | 75 | €444 | €12 | -€432 | -97.3% |
| Financial charges | 65/66B | €9,757 | €6,051 | -€3,706 | -38.0% |
| Recurring financial charges | 65 | €9,757 | €6,051 | -€3,706 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,690 | €19,380 | +€30,070 | |
| Profit (loss) for the period | 9904 | -€10,690 | €19,380 | +€30,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,690 | €19,380 | +€30,070 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.