CT&M: 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&M
Largest movements
- Tangible fixed assets +€71,930
up €71,930 (+261.7%), from €27,482 to €99,412
of which Furniture and vehicles: +€71,420
- Receivables within one year -€37,904
down €37,904 (-6.8%), from €561,482 to €523,578
of which Trade receivables: -€36,276
- Deferred charges and accrued income +€24,701
up €24,701 (+244.2%), from €10,116 to €34,817
- Cash +€13,840
up €13,840 (+91.5%), from €15,128 to €28,968
mainly Debts after one year (+€125,000) and Receivables within one year (+€37,904)
- Debts after one year +€125,000
up €125,000 (+83.3%), from €150,000 to €275,000
- Short-term financial debts -€75,000
no longer reported in 2022 (was €75,000)
- Tax, wage and social debts +€11,502
up €11,502 (+196.4%), from €5,856 to €17,358
of which Taxes: +€7,760
- Gross operating margin +€25,125
up €25,125 (+72.0%), from €34,872 to €59,997
- Staff costs +€22,007
up €22,007 (+16150.6%), from €136 to €22,143
- Depreciation -€6,459
down €6,459 (-42.2%), from €15,296 to €8,837
- Financial charges +€4,405
up €4,405 (+39.0%), from €11,309 to €15,714
- Taxes +€1,345
up €1,345 (+40.7%), from €3,304 to €4,649
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,233 | €686,800 | +€72,567 | +11.8% |
| Fixed assets | 21/28 | €27,507 | €99,437 | +€71,930 | +261.5% |
| Tangible fixed assets | 22/27 | €27,482 | €99,412 | +€71,930 | +261.7% |
| Plant, machinery and equipment | 23 | €3,947 | €4,457 | +€510 | +12.9% |
| Furniture and vehicles | 24 | €23,535 | €94,955 | +€71,420 | +303.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €586,726 | €587,363 | +€637 | +0.1% |
| Amounts receivable within one year | 40/41 | €561,482 | €523,578 | -€37,904 | -6.8% |
| Trade receivables | 40 | €554,118 | €517,842 | -€36,276 | -6.5% |
| Other amounts receivable | 41 | €7,364 | €5,736 | -€1,628 | -22.1% |
| Cash at bank and in hand | 54/58 | €15,128 | €28,968 | +€13,840 | +91.5% |
| Deferred charges and accrued income | 490/1 | €10,116 | €34,817 | +€24,701 | +244.2% |
| Total equity and liabilities | 10/49 | €614,233 | €686,800 | +€72,567 | +11.8% |
| Equity | 10/15 | €44,449 | €46,272 | +€1,822 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,223 | €32,049 | +€2,826 | +9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,363 | €30,189 | +€2,826 | +10.3% |
| Profit (loss) carried forward | 14 | €2,826 | €1,822 | -€1,004 | -35.5% |
| Amounts payable | 17/49 | €569,784 | €640,529 | +€70,745 | +12.4% |
| Amounts payable after more than one year | 17 | €150,000 | €275,000 | +€125,000 | +83.3% |
| Financial debts | 170/4 | €150,000 | €275,000 | +€125,000 | +83.3% |
| Amounts payable within one year | 42/48 | €419,784 | €365,529 | -€54,255 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,686 | +€6,686 | |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €327,585 | €329,570 | +€1,985 | +0.6% |
| Suppliers | 440/4 | €327,585 | €329,570 | +€1,985 | +0.6% |
| Taxes, remuneration and social security | 45 | €5,856 | €17,358 | +€11,502 | +196.4% |
| Taxes | 450/3 | €5,856 | €13,616 | +€7,760 | +132.5% |
| Remuneration and social security | 454/9 | - | €3,742 | +€3,742 | |
| Other amounts payable | 47/48 | €11,343 | €11,915 | +€572 | +5.0% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €136 | €22,143 | +€22,007 | +16150.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,296 | €8,837 | -€6,459 | -42.2% |
| Other operating charges | 640/8 | €2,240 | €2,634 | +€394 | +17.6% |
| Non-recurring operating charges | 66A | €401 | €4,329 | +€3,929 | +981.0% |
| Gross operating margin | 9900 | €34,872 | €59,997 | +€25,125 | +72.0% |
| Operating profit (loss) | 9901 | €16,799 | €22,054 | +€5,255 | +31.3% |
| Financial income | 75/76B | €639 | €131 | -€509 | -79.6% |
| Recurring financial income | 75 | €639 | €131 | -€509 | -79.6% |
| Financial charges | 65/66B | €11,309 | €15,714 | +€4,405 | +39.0% |
| Recurring financial charges | 65 | €11,309 | €15,714 | +€4,405 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €6,130 | €6,471 | +€341 | +5.6% |
| Income taxes | 67/77 | €3,304 | €4,649 | +€1,345 | +40.7% |
| Profit (loss) for the period | 9904 | €2,826 | €1,822 | -€1,004 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,826 | €1,822 | -€1,004 | -35.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.