CTAV: 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.
CTAV
Largest movements
- Cash +€16,831
up €16,831 (+80.4%), from €20,928 to €37,759
mainly Debts after one year (+€20,454) and Current portion of long-term debt (+€13,129)
- Receivables within one year +€9,468
up €9,468 (+56.8%), from €16,684 to €26,152
of which Other amounts receivable: +€10,200
- Intangible fixed assets -€5,000
down €5,000 (-10.5%), from €47,479 to €42,479
- Debts after one year +€20,454
new in 2025: €20,454
- Other debts -€17,320
down €17,320 (-62.4%), from €27,756 to €10,436
- Current portion of long-term debt +€13,129
new in 2025: €13,129
- Profit (loss) carried forward +€6,332
up €6,332 (+15.4%), from €41,033 to €47,365
- Tax, wage and social debts -€1,267
down €1,267 (-11.5%), from €11,058 to €9,791
- Gross operating margin -€39,479
down €39,479 (-71.2%), from €55,449 to €15,969
- Taxes -€8,765
down €8,765 (-83.5%), from €10,500 to €1,735
- Depreciation +€2,830
up €2,830 (+98.4%), from €2,877 to €5,707
- Financial charges +€1,304
up €1,304 (+297.0%), from €439 to €1,744
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 | €86,857 | €107,500 | +€20,644 | +23.8% |
| Fixed assets | 21/28 | €49,245 | €43,538 | -€5,707 | -11.6% |
| Intangible fixed assets | 21 | €47,479 | €42,479 | -€5,000 | -10.5% |
| Tangible fixed assets | 22/27 | €1,766 | €1,058 | -€707 | -40.1% |
| Furniture and vehicles | 24 | €1,766 | €1,058 | -€707 | -40.1% |
| Current assets | 29/58 | €37,612 | €63,962 | +€26,351 | +70.1% |
| Amounts receivable within one year | 40/41 | €16,684 | €26,152 | +€9,468 | +56.8% |
| Trade receivables | 40 | €16,684 | €15,952 | -€732 | -4.4% |
| Other amounts receivable | 41 | - | €10,200 | +€10,200 | |
| Cash at bank and in hand | 54/58 | €20,928 | €37,759 | +€16,831 | +80.4% |
| Deferred charges and accrued income | 490/1 | - | €51 | +€51 | |
| Total equity and liabilities | 10/49 | €86,857 | €107,500 | +€20,644 | +23.8% |
| Equity | 10/15 | €46,033 | €52,365 | +€6,332 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,033 | €47,365 | +€6,332 | +15.4% |
| Amounts payable | 17/49 | €40,824 | €55,135 | +€14,311 | +35.1% |
| Amounts payable after more than one year | 17 | - | €20,454 | +€20,454 | |
| Financial debts | 170/4 | - | €20,454 | +€20,454 | |
| Amounts payable within one year | 42/48 | €40,824 | €34,681 | -€6,143 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,129 | +€13,129 | |
| Trade debts | 44 | €2,011 | €1,325 | -€686 | -34.1% |
| Suppliers | 440/4 | €2,011 | €1,325 | -€686 | -34.1% |
| Taxes, remuneration and social security | 45 | €11,058 | €9,791 | -€1,267 | -11.5% |
| Taxes | 450/3 | €11,058 | €9,791 | -€1,267 | -11.5% |
| Other amounts payable | 47/48 | €27,756 | €10,436 | -€17,320 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,877 | €5,707 | +€2,830 | +98.4% |
| Other operating charges | 640/8 | €600 | €452 | -€148 | -24.7% |
| Gross operating margin | 9900 | €55,449 | €15,969 | -€39,479 | -71.2% |
| Operating profit (loss) | 9901 | €51,972 | €9,810 | -€42,161 | -81.1% |
| Financial charges | 65/66B | €439 | €1,744 | +€1,304 | +297.0% |
| Recurring financial charges | 65 | €439 | €1,744 | +€1,304 | +297.0% |
| Profit (loss) for the period before taxes | 9903 | €51,533 | €8,067 | -€43,466 | -84.3% |
| Income taxes | 67/77 | €10,500 | €1,735 | -€8,765 | -83.5% |
| Profit (loss) for the period | 9904 | €41,033 | €6,332 | -€34,700 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,033 | €6,332 | -€34,700 | -84.6% |
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 9 October 2026 via checked.be.