CT SQUARE: 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 SQUARE
Largest movements
- Receivables within one year -€6,252
down €6,252 (-38.5%), from €16,225 to €9,973
of which Trade receivables: -€6,275
- Tangible fixed assets -€5,435
down €5,435 (-51.4%), from €10,580 to €5,145
- Cash +€4,207
up €4,207 (+155.2%), from €2,710 to €6,917
mainly Receivables within one year (+€6,252) and Depreciation (+€5,435)
- Deferred charges and accrued income +€1,091
up €1,091 (+311.7%), from €350 to €1,441
- Other debts -€6,823
down €6,823 (-58.6%), from €11,639 to €4,816
- Profit (loss) carried forward +€3,240
up €3,240 (+57.7%), from €5,614 to €8,854
- Trade debts -€1,447
down €1,447 (-86.0%), from €1,682 to €235
- Tax, wage and social debts -€1,359
down €1,359 (-13.4%), from €10,130 to €8,771
- Gross operating margin +€4,068
up €4,068 (+49.0%), from €8,306 to €12,374
- Other operating charges +€729
up €729 (+1257.0%), from €58 to €787
- Taxes +€537
up €537 (+32.1%), from €1,673 to €2,209
- Financial charges +€431
up €431 (+157.9%), from €273 to €704
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 | €30,065 | €23,677 | -€6,389 | -21.3% |
| Fixed assets | 21/28 | €10,580 | €5,145 | -€5,435 | -51.4% |
| Tangible fixed assets | 22/27 | €10,580 | €5,145 | -€5,435 | -51.4% |
| Furniture and vehicles | 24 | €10,580 | €5,145 | -€5,435 | -51.4% |
| Current assets | 29/58 | €19,485 | €18,531 | -€954 | -4.9% |
| Amounts receivable within one year | 40/41 | €16,225 | €9,973 | -€6,252 | -38.5% |
| Trade receivables | 40 | €16,220 | €9,945 | -€6,275 | -38.7% |
| Other amounts receivable | 41 | €5 | €28 | +€23 | +444.5% |
| Current investments | 50/53 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,710 | €6,917 | +€4,207 | +155.2% |
| Deferred charges and accrued income | 490/1 | €350 | €1,441 | +€1,091 | +311.7% |
| Total equity and liabilities | 10/49 | €30,065 | €23,677 | -€6,389 | -21.3% |
| Equity | 10/15 | €6,614 | €9,854 | +€3,240 | +49.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,614 | €8,854 | +€3,240 | +57.7% |
| Amounts payable | 17/49 | €23,451 | €13,822 | -€9,629 | -41.1% |
| Amounts payable within one year | 42/48 | €23,451 | €13,822 | -€9,629 | -41.1% |
| Trade debts | 44 | €1,682 | €235 | -€1,447 | -86.0% |
| Suppliers | 440/4 | €1,682 | €235 | -€1,447 | -86.0% |
| Taxes, remuneration and social security | 45 | €10,130 | €8,771 | -€1,359 | -13.4% |
| Taxes | 450/3 | €10,130 | €8,771 | -€1,359 | -13.4% |
| Other amounts payable | 47/48 | €11,639 | €4,816 | -€6,823 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,435 | €5,435 | = | 0.0% |
| Other operating charges | 640/8 | €58 | €787 | +€729 | +1257.0% |
| Gross operating margin | 9900 | €8,306 | €12,374 | +€4,068 | +49.0% |
| Operating profit (loss) | 9901 | €2,814 | €6,153 | +€3,339 | +118.7% |
| Financial charges | 65/66B | €273 | €704 | +€431 | +157.9% |
| Recurring financial charges | 65 | €273 | €704 | +€431 | +157.9% |
| Profit (loss) for the period before taxes | 9903 | €2,541 | €5,449 | +€2,908 | +114.5% |
| Income taxes | 67/77 | €1,673 | €2,209 | +€537 | +32.1% |
| Profit (loss) for the period | 9904 | €868 | €3,240 | +€2,372 | +273.2% |
| Profit (loss) for the period to be appropriated | 9905 | €868 | €3,240 | +€2,372 | +273.2% |
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 4 October 2026 via checked.be.