CTB: what changed
CTB
Largest movements
- Receivables within one year +€101,939
up €101,939 (+74.5%), from €136,752 to €238,691
of which Trade receivables: +€102,009
- Stocks and contracts -€50,229
down €50,229 (-71.3%), from €70,429 to €20,200
- Cash +€40,162
up €40,162 (+142%), from €28,210 to €68,372
mainly Net result for the year (+€92,863) and Stocks and contracts (+€50,229)
- Tangible fixed assets +€22,139
up €22,139 (+122%), from €18,139 to €40,278
of which Plant, machinery and equipment: +€21,895
- Profit (loss) carried forward +€92,863
up €92,863 (+109%), from €85,211 to €178,074
- Tax, wage and social debts +€45,046
up €45,046 (+73.7%), from €61,138 to €106,184
of which Taxes: +€29,122
- Trade debts -€30,819
down €30,819 (-27.6%), from €111,807 to €80,988
- Other debts +€4,500
up €4,500 (+66.0%), from €6,816 to €11,316
- Gross operating margin +€60,810
up €60,810 (+53.3%), from €114,169 to €174,979
- Staff costs +€14,860
up €14,860 (+36.5%), from €40,684 to €55,544
- Other operating charges -€4,647
down €4,647 (-64.5%), from €7,207 to €2,560
- Taxes -€3,508
down €3,508 (-20.7%), from €16,914 to €13,406
- Depreciation +€2,332
up €2,332 (+39.6%), from €5,888 to €8,220
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,972 | €378,561 | +€111,589 | +41.8% |
| Fixed assets | 21/28 | €29,159 | €51,298 | +€22,139 | +75.9% |
| Tangible fixed assets | 22/27 | €18,139 | €40,278 | +€22,139 | +122% |
| Plant, machinery and equipment | 23 | €4,471 | €26,366 | +€21,895 | +490% |
| Furniture and vehicles | 24 | €13,668 | €12,600 | -€1,068 | -7.8% |
| Other tangible fixed assets | 26 | - | €1,312 | +€1,312 | |
| Financial fixed assets | 28 | €11,020 | €11,020 | = | 0.0% |
| Current assets | 29/58 | €237,813 | €327,263 | +€89,450 | +37.6% |
| Stocks and contracts in progress | 3 | €70,429 | €20,200 | -€50,229 | -71.3% |
| Stocks | 30/36 | €70,429 | €20,200 | -€50,229 | -71.3% |
| Amounts receivable within one year | 40/41 | €136,752 | €238,691 | +€101,939 | +74.5% |
| Trade receivables | 40 | €136,682 | €238,691 | +€102,009 | +74.6% |
| Other amounts receivable | 41 | €70 | - | -€70 | |
| Cash at bank and in hand | 54/58 | €28,210 | €68,372 | +€40,162 | +142% |
| Deferred charges and accrued income | 490/1 | €2,422 | - | -€2,422 | |
| Total equity and liabilities | 10/49 | €266,972 | €378,561 | +€111,589 | +41.8% |
| Equity | 10/15 | €87,211 | €180,074 | +€92,863 | +106% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,211 | €178,074 | +€92,863 | +109% |
| Amounts payable | 17/49 | €179,761 | €198,487 | +€18,726 | +10.4% |
| Amounts payable within one year | 42/48 | €179,761 | €198,487 | +€18,726 | +10.4% |
| Trade debts | 44 | €111,807 | €80,988 | -€30,819 | -27.6% |
| Suppliers | 440/4 | €111,807 | €80,988 | -€30,819 | -27.6% |
| Taxes, remuneration and social security | 45 | €61,138 | €106,184 | +€45,046 | +73.7% |
| Taxes | 450/3 | €34,899 | €64,021 | +€29,122 | +83.4% |
| Remuneration and social security | 454/9 | €26,239 | €42,163 | +€15,924 | +60.7% |
| Other amounts payable | 47/48 | €6,816 | €11,316 | +€4,500 | +66.0% |
| Remuneration, social security and pensions | 62 | €40,684 | €55,544 | +€14,860 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,888 | €8,220 | +€2,332 | +39.6% |
| Other operating charges | 640/8 | €7,207 | €2,560 | -€4,647 | -64.5% |
| Gross operating margin | 9900 | €114,169 | €174,979 | +€60,810 | +53.3% |
| Operating profit (loss) | 9901 | €60,390 | €108,655 | +€48,265 | +79.9% |
| Financial income | 75/76B | €2,000 | €59 | -€1,941 | -97.0% |
| Recurring financial income | 75 | €2,000 | €59 | -€1,941 | -97.0% |
| Financial charges | 65/66B | €1,583 | €2,445 | +€862 | +54.5% |
| Recurring financial charges | 65 | €1,583 | €2,445 | +€862 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €60,807 | €106,269 | +€45,462 | +74.8% |
| Income taxes | 67/77 | €16,914 | €13,406 | -€3,508 | -20.7% |
| Profit (loss) for the period | 9904 | €43,893 | €92,863 | +€48,970 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €43,893 | €92,863 | +€48,970 | +112% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.