CT-TRANS: what changed
Two financial 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-TRANS
Largest movements
- Receivables within one year -€25,019
down €25,019 (-42.7%), from €58,630 to €33,611
of which Trade receivables: -€23,268
- Tangible fixed assets -€17,996
down €17,996 (-8.3%), from €217,545 to €199,548
of which Land and buildings: -€11,893
- Cash -€6,431
down €6,431 (-27.1%), from €23,693 to €17,262
mainly Net result for the year (-€41,916) and Accrued charges and deferred income (-€26,451)
- Profit (loss) carried forward -€41,916
down €41,916 (-336%), from -€12,467 to -€54,383
- Accrued charges and deferred income -€26,451
down €26,451 (-100%), from €26,451 to €0
- Tax, wage and social debts +€12,283
up €12,283 (+394%), from €3,120 to €15,402
of which Remuneration and social security: +€6,700
- Debts after one year -€11,305
down €11,305 (-6.5%), from €175,143 to €163,838
- Trade debts +€9,431
up €9,431 (+2,435%), from €387 to €9,819
- Gross operating margin -€35,601
down €35,601, from €22,434 to -€13,167
- Financial charges +€1,378
up €1,378 (+15.2%), from €9,053 to €10,430
- Other operating charges -€676
down €676 (-79.3%), from €853 to €177
- Depreciation -€286
down €286 (-1.6%), from €18,282 to €17,996
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.
Derived cash bridge
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 | €301,630 | €250,622 | -€51,008 | -16.9% |
| Fixed assets | 21/28 | €217,745 | €199,748 | -€17,996 | -8.3% |
| Tangible fixed assets | 22/27 | €217,545 | €199,548 | -€17,996 | -8.3% |
| Land and buildings | 22 | €200,498 | €188,604 | -€11,893 | -5.9% |
| Plant, machinery and equipment | 23 | €1,640 | €840 | -€800 | -48.8% |
| Furniture and vehicles | 24 | €15,407 | €10,103 | -€5,303 | -34.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €83,885 | €50,873 | -€33,012 | -39.4% |
| Amounts receivable within one year | 40/41 | €58,630 | €33,611 | -€25,019 | -42.7% |
| Trade receivables | 40 | €53,041 | €29,773 | -€23,268 | -43.9% |
| Other amounts receivable | 41 | €5,589 | €3,838 | -€1,751 | -31.3% |
| Cash at bank and in hand | 54/58 | €23,693 | €17,262 | -€6,431 | -27.1% |
| Deferred charges and accrued income | 490/1 | €1,562 | €0 | -€1,562 | -100% |
| Total equity and liabilities | 10/49 | €301,630 | €250,622 | -€51,008 | -16.9% |
| Equity | 10/15 | €14,629 | -€27,287 | -€41,916 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,496 | €8,496 | = | 0.0% |
| 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 | €6,636 | €6,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,467 | -€54,383 | -€41,916 | -336% |
| Amounts payable | 17/49 | €287,000 | €277,908 | -€9,092 | -3.2% |
| Amounts payable after more than one year | 17 | €175,143 | €163,838 | -€11,305 | -6.5% |
| Financial debts | 170/4 | €175,143 | €163,838 | -€11,305 | -6.5% |
| Amounts payable within one year | 42/48 | €85,406 | €114,070 | +€28,664 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €14,128 | €18,839 | +€4,711 | +33.3% |
| Trade debts | 44 | €387 | €9,819 | +€9,431 | +2,435% |
| Suppliers | 440/4 | €387 | €9,819 | +€9,431 | +2,435% |
| Taxes, remuneration and social security | 45 | €3,120 | €15,402 | +€12,283 | +394% |
| Taxes | 450/3 | €3,120 | €8,702 | +€5,583 | +179% |
| Remuneration and social security | 454/9 | - | €6,700 | +€6,700 | |
| Other amounts payable | 47/48 | €67,772 | €70,011 | +€2,239 | +3.3% |
| Accrued charges and deferred income | 492/3 | €26,451 | €0 | -€26,451 | -100% |
| Non-recurring operating income | 76A | €13,953 | €0 | -€13,953 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,282 | €17,996 | -€286 | -1.6% |
| Other operating charges | 640/8 | €853 | €177 | -€676 | -79.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,434 | -€13,167 | -€35,601 | |
| Operating profit (loss) | 9901 | €3,299 | -€31,340 | -€34,638 | |
| Financial income | 75/76B | €28 | €93 | +€66 | +239% |
| Recurring financial income | 75 | €28 | €93 | +€66 | +239% |
| Financial charges | 65/66B | €9,053 | €10,430 | +€1,378 | +15.2% |
| Recurring financial charges | 65 | €9,053 | €10,430 | +€1,378 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,726 | -€41,677 | -€35,950 | -628% |
| Income taxes | 67/77 | €255 | €239 | -€16 | -6.3% |
| Profit (loss) for the period | 9904 | -€5,982 | -€41,916 | -€35,934 | -601% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,982 | -€41,916 | -€35,934 | -601% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.