CTB HOME: 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.
CTB HOME
Largest movements
- Receivables within one year +€379,083
up €379,083 (+1,514%), from €25,032 to €404,115
of which Trade receivables: +€374,583
- Stocks and contracts -€86,563
down €86,563 (-46.2%), from €187,173 to €100,610
- Cash -€10,126
down €10,126 (-29.7%), from €34,054 to €23,928
mainly Receivables within one year (-€379,083) and Debts after one year (-€130,000)
- Trade debts +€191,384
up €191,384 (+4,320%), from €4,431 to €195,814
- Current portion of long-term debt +€166,400
up €166,400 (+1,224%), from €13,600 to €180,000
- Debts after one year -€130,000
no longer reported in 2025 (was €130,000)
- Profit (loss) carried forward +€42,313
up €42,313 (+734%), from €5,769 to €48,081
- Accrued charges and deferred income +€11,068
new in 2025: €11,068
- Gross operating margin +€48,794
up €48,794 (+169%), from €28,803 to €77,598
- Taxes +€8,626
up €8,626 (+1,776%), from €486 to €9,112
- Staff costs +€5,686
new in 2025: €5,686
- Financial charges -€2,926
down €2,926 (-15.2%), from €19,251 to €16,325
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 | €259,324 | €539,463 | +€280,139 | +108% |
| Fixed assets | 21/28 | €2,960 | €1,959 | -€1,001 | -33.8% |
| Tangible fixed assets | 22/27 | €2,960 | €1,459 | -€1,501 | -50.7% |
| Plant, machinery and equipment | 23 | €1,990 | €1,386 | -€604 | -30.3% |
| Furniture and vehicles | 24 | €971 | €73 | -€898 | -92.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €256,364 | €537,504 | +€281,140 | +110% |
| Stocks and contracts in progress | 3 | €187,173 | €100,610 | -€86,563 | -46.2% |
| Stocks | 30/36 | €187,173 | €100,610 | -€86,563 | -46.2% |
| Amounts receivable within one year | 40/41 | €25,032 | €404,115 | +€379,083 | +1,514% |
| Trade receivables | 40 | €25,032 | €399,615 | +€374,583 | +1,496% |
| Other amounts receivable | 41 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €34,054 | €23,928 | -€10,126 | -29.7% |
| Deferred charges and accrued income | 490/1 | €10,104 | €8,851 | -€1,253 | -12.4% |
| Total equity and liabilities | 10/49 | €259,324 | €539,463 | +€280,139 | +108% |
| Equity | 10/15 | €51,775 | €94,088 | +€42,313 | +81.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €16,007 | €16,007 | = | 0.0% |
| Distributable reserves | 133 | €16,007 | €16,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,769 | €48,081 | +€42,313 | +734% |
| Amounts payable | 17/49 | €207,549 | €445,375 | +€237,826 | +115% |
| Amounts payable after more than one year | 17 | €130,000 | - | -€130,000 | |
| Financial debts | 170/4 | €130,000 | - | -€130,000 | |
| Amounts payable within one year | 42/48 | €77,549 | €434,307 | +€356,758 | +460% |
| Current portion of amounts payable after more than one year | 42 | €13,600 | €180,000 | +€166,400 | +1,224% |
| Trade debts | 44 | €4,431 | €195,814 | +€191,384 | +4,320% |
| Suppliers | 440/4 | €4,431 | €195,814 | +€191,384 | +4,320% |
| Taxes, remuneration and social security | 45 | €486 | €9,730 | +€9,244 | +1,903% |
| Taxes | 450/3 | €486 | €9,112 | +€8,626 | +1,776% |
| Remuneration and social security | 454/9 | - | €618 | +€618 | |
| Other amounts payable | 47/48 | €59,032 | €48,763 | -€10,270 | -17.4% |
| Accrued charges and deferred income | 492/3 | - | €11,068 | +€11,068 | |
| Remuneration, social security and pensions | 62 | - | €5,686 | +€5,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,229 | €1,501 | -€728 | -32.6% |
| Other operating charges | 640/8 | €1,113 | €1,056 | -€57 | -5.1% |
| Gross operating margin | 9900 | €28,803 | €77,598 | +€48,794 | +169% |
| Operating profit (loss) | 9901 | €25,461 | €69,354 | +€43,893 | +172% |
| Financial income | 75/76B | €44 | €61 | +€17 | +37.5% |
| Recurring financial income | 75 | €44 | €61 | +€17 | +37.5% |
| Financial charges | 65/66B | €19,251 | €16,325 | -€2,926 | -15.2% |
| Recurring financial charges | 65 | €19,251 | €16,325 | -€2,926 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €6,254 | €53,090 | +€46,836 | +749% |
| Income taxes | 67/77 | €486 | €9,112 | +€8,626 | +1,776% |
| Profit (loss) for the period | 9904 | €5,769 | €43,979 | +€38,210 | +662% |
| Profit (loss) for the period to be appropriated | 9905 | €5,769 | €43,979 | +€38,210 | +662% |
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 13 October 2026 via checked.be.