CT PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€5,589
up €5,589 (+129.7%), from €4,310 to €9,899
of which Furniture and vehicles: +€7,723
- Reserves +€3,042
up €3,042 (+3.3%), from €90,969 to €94,010
of which Distributable reserves: +€3,042
- Trade debts +€2,570
up €2,570 (+226.9%), from €1,133 to €3,703
- Gross operating margin +€3,951
up €3,951 (+17.5%), from €22,631 to €26,583
- Financial charges +€1,743
up €1,743 (+232.2%), from €751 to €2,494
- Depreciation +€679
up €679 (+20.8%), from €3,264 to €3,944
- Taxes +€542
up €542 (+8.6%), from €6,275 to €6,817
- Other operating charges -€290
down €290 (-26.8%), from €1,081 to €791
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 | €116,872 | €123,042 | +€6,170 | +5.3% |
| Fixed assets | 21/28 | €4,310 | €9,899 | +€5,589 | +129.7% |
| Tangible fixed assets | 22/27 | €4,310 | €9,899 | +€5,589 | +129.7% |
| Plant, machinery and equipment | 23 | €3,364 | €1,230 | -€2,134 | -63.4% |
| Furniture and vehicles | 24 | €946 | €8,669 | +€7,723 | +816.3% |
| Current assets | 29/58 | €112,562 | €113,143 | +€581 | +0.5% |
| Amounts receivable within one year | 40/41 | €18,998 | €19,765 | +€767 | +4.0% |
| Trade receivables | 40 | €15,137 | €16,323 | +€1,186 | +7.8% |
| Other amounts receivable | 41 | €3,861 | €3,442 | -€419 | -10.8% |
| Cash at bank and in hand | 54/58 | €91,259 | €92,020 | +€761 | +0.8% |
| Deferred charges and accrued income | 490/1 | €2,305 | €1,357 | -€947 | -41.1% |
| Total equity and liabilities | 10/49 | €116,872 | €123,042 | +€6,170 | +5.3% |
| Equity | 10/15 | €97,169 | €100,210 | +€3,042 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,969 | €94,010 | +€3,042 | +3.3% |
| Tax-exempt reserves | 132 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €90,817 | €93,858 | +€3,042 | +3.3% |
| Amounts payable | 17/49 | €19,703 | €22,832 | +€3,128 | +15.9% |
| Amounts payable within one year | 42/48 | €19,703 | €22,832 | +€3,128 | +15.9% |
| Trade debts | 44 | €1,133 | €3,703 | +€2,570 | +226.9% |
| Suppliers | 440/4 | €1,133 | €3,703 | +€2,570 | +226.9% |
| Taxes, remuneration and social security | 45 | €8,431 | €8,990 | +€558 | +6.6% |
| Taxes | 450/3 | €8,431 | €8,990 | +€558 | +6.6% |
| Other amounts payable | 47/48 | €10,139 | €10,139 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,264 | €3,944 | +€679 | +20.8% |
| Other operating charges | 640/8 | €1,081 | €791 | -€290 | -26.8% |
| Gross operating margin | 9900 | €22,631 | €26,583 | +€3,951 | +17.5% |
| Operating profit (loss) | 9901 | €18,286 | €21,848 | +€3,562 | +19.5% |
| Financial income | 75/76B | €453 | €504 | +€51 | +11.3% |
| Recurring financial income | 75 | €453 | €504 | +€51 | +11.3% |
| Financial charges | 65/66B | €751 | €2,494 | +€1,743 | +232.2% |
| Recurring financial charges | 65 | €751 | €2,494 | +€1,743 | +232.2% |
| Profit (loss) for the period before taxes | 9903 | €17,988 | €19,858 | +€1,870 | +10.4% |
| Income taxes | 67/77 | €6,275 | €6,817 | +€542 | +8.6% |
| Profit (loss) for the period | 9904 | €11,713 | €13,042 | +€1,328 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,713 | €13,042 | +€1,328 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.