CTBI: 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.
CTBI
Largest movements
- Cash +€10,646
up €10,646 (+155.3%), from €6,854 to €17,500
mainly Net result for the year (+€14,828) and Tax, wage and social debts (+€11,863)
- Deferred charges and accrued income +€3,951
up €3,951 (+305.8%), from €1,292 to €5,243
- Receivables within one year +€3,549
up €3,549 (+23.3%), from €15,217 to €18,766
- Tangible fixed assets +€1,539
up €1,539 (+144.6%), from €1,064 to €2,603
of which Plant, machinery and equipment: +€1,919
- Profit (loss) carried forward +€13,162
up €13,162 (+3805.3%), from €346 to €13,508
- Tax, wage and social debts +€11,863
up €11,863 (+105.5%), from €11,241 to €23,105
of which Taxes: +€13,874
- Trade debts -€3,229
down €3,229 (-58.8%), from €5,488 to €2,260
- Other debts -€1,953
down €1,953 (-46.7%), from €4,184 to €2,231
- Gross operating margin +€19,673
up €19,673 (+579.3%), from €3,396 to €23,069
- Taxes +€3,979
up €3,979 (+848.4%), from €469 to €4,448
- Financial charges +€1,226
up €1,226 (+104.0%), from €1,179 to €2,405
- Other operating charges +€377
up €377 (+242.2%), from €155 to €532
- Depreciation -€363
down €363 (-29.1%), from €1,246 to €883
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 | €24,427 | €44,112 | +€19,685 | +80.6% |
| Fixed assets | 21/28 | €1,064 | €2,603 | +€1,539 | +144.6% |
| Tangible fixed assets | 22/27 | €1,064 | €2,603 | +€1,539 | +144.6% |
| Plant, machinery and equipment | 23 | - | €1,919 | +€1,919 | |
| Furniture and vehicles | 24 | €1,064 | €683 | -€381 | -35.8% |
| Current assets | 29/58 | €23,363 | €41,509 | +€18,146 | +77.7% |
| Amounts receivable within one year | 40/41 | €15,217 | €18,766 | +€3,549 | +23.3% |
| Trade receivables | 40 | €15,217 | €18,766 | +€3,549 | +23.3% |
| Cash at bank and in hand | 54/58 | €6,854 | €17,500 | +€10,646 | +155.3% |
| Deferred charges and accrued income | 490/1 | €1,292 | €5,243 | +€3,951 | +305.8% |
| Total equity and liabilities | 10/49 | €24,427 | €44,112 | +€19,685 | +80.6% |
| Equity | 10/15 | €3,346 | €16,508 | +€13,162 | +393.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346 | €13,508 | +€13,162 | +3805.3% |
| Amounts payable | 17/49 | €21,081 | €27,603 | +€6,522 | +30.9% |
| Amounts payable within one year | 42/48 | €20,913 | €27,596 | +€6,682 | +32.0% |
| Trade debts | 44 | €5,488 | €2,260 | -€3,229 | -58.8% |
| Suppliers | 440/4 | €5,488 | €2,260 | -€3,229 | -58.8% |
| Taxes, remuneration and social security | 45 | €11,241 | €23,105 | +€11,863 | +105.5% |
| Taxes | 450/3 | €9,231 | €23,105 | +€13,874 | +150.3% |
| Remuneration and social security | 454/9 | €2,010 | - | -€2,010 | |
| Other amounts payable | 47/48 | €4,184 | €2,231 | -€1,953 | -46.7% |
| Accrued charges and deferred income | 492/3 | €168 | €8 | -€160 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €883 | -€363 | -29.1% |
| Other operating charges | 640/8 | €155 | €532 | +€377 | +242.2% |
| Gross operating margin | 9900 | €3,396 | €23,069 | +€19,673 | +579.3% |
| Operating profit (loss) | 9901 | €1,994 | €21,653 | +€19,660 | +986.0% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €1,179 | €2,405 | +€1,226 | +104.0% |
| Recurring financial charges | 65 | €1,179 | €2,405 | +€1,226 | +104.0% |
| Profit (loss) for the period before taxes | 9903 | €815 | €19,276 | +€18,461 | +2265.5% |
| Income taxes | 67/77 | €469 | €4,448 | +€3,979 | +848.4% |
| Profit (loss) for the period | 9904 | €346 | €14,828 | +€14,483 | +4186.9% |
| Profit (loss) for the period to be appropriated | 9905 | €346 | €14,828 | +€14,483 | +4186.9% |
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 6 October 2026 via checked.be.