CTBS: 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.
CTBS
Largest movements
- Tangible fixed assets +€7,914
up €7,914 (+47.6%), from €16,613 to €24,527
of which Land and buildings: +€16,948
- Cash +€3,768
up €3,768 (+37.3%), from €10,109 to €13,877
mainly Other debts (+€13,201) and Depreciation (+€9,274)
- Receivables within one year +€3,451
up €3,451 (+43.0%), from €8,031 to €11,482
of which Other amounts receivable: +€3,839
- Other debts +€13,201
up €13,201 (+419.6%), from €3,146 to €16,347
- Trade debts +€7,335
up €7,335 (+344.0%), from €2,132 to €9,467
- Current portion of long-term debt -€5,018
down €5,018 (-66.4%), from €7,559 to €2,540
- Debts after one year -€2,540
no longer reported in 2025 (was €2,540)
- Profit (loss) carried forward +€2,529
up €2,529 (+15.4%), from €16,386 to €18,915
- Gross operating margin +€3,437
up €3,437 (+30.4%), from €11,291 to €14,728
- Taxes +€1,155
up €1,155 (+235.7%), from €490 to €1,645
- Financial charges -€641
down €641 (-88.6%), from €724 to €83
- Depreciation +€203
up €203 (+2.2%), from €9,070 to €9,274
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 | €34,753 | €50,259 | +€15,506 | +44.6% |
| Fixed assets | 21/28 | €16,613 | €24,527 | +€7,914 | +47.6% |
| Tangible fixed assets | 22/27 | €16,613 | €24,527 | +€7,914 | +47.6% |
| Land and buildings | 22 | €1,915 | €18,864 | +€16,948 | +884.9% |
| Plant, machinery and equipment | 23 | €2,832 | €1,493 | -€1,339 | -47.3% |
| Furniture and vehicles | 24 | €9,079 | €1,674 | -€7,405 | -81.6% |
| Other tangible fixed assets | 26 | €2,786 | €2,496 | -€290 | -10.4% |
| Current assets | 29/58 | €18,139 | €25,732 | +€7,592 | +41.9% |
| Amounts receivable within one year | 40/41 | €8,031 | €11,482 | +€3,451 | +43.0% |
| Trade receivables | 40 | €8,031 | €7,642 | -€388 | -4.8% |
| Other amounts receivable | 41 | - | €3,839 | +€3,839 | |
| Cash at bank and in hand | 54/58 | €10,109 | €13,877 | +€3,768 | +37.3% |
| Deferred charges and accrued income | 490/1 | - | €373 | +€373 | |
| Total equity and liabilities | 10/49 | €34,753 | €50,259 | +€15,506 | +44.6% |
| Equity | 10/15 | €18,886 | €21,415 | +€2,529 | +13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,386 | €18,915 | +€2,529 | +15.4% |
| Amounts payable | 17/49 | €15,867 | €28,844 | +€12,977 | +81.8% |
| Amounts payable after more than one year | 17 | €2,540 | - | -€2,540 | |
| Financial debts | 170/4 | €2,540 | - | -€2,540 | |
| Amounts payable within one year | 42/48 | €13,327 | €28,844 | +€15,517 | +116.4% |
| Current portion of amounts payable after more than one year | 42 | €7,559 | €2,540 | -€5,018 | -66.4% |
| Trade debts | 44 | €2,132 | €9,467 | +€7,335 | +344.0% |
| Suppliers | 440/4 | €2,132 | €9,467 | +€7,335 | +344.0% |
| Taxes, remuneration and social security | 45 | €490 | €490 | = | 0.0% |
| Taxes | 450/3 | €490 | €490 | = | 0.0% |
| Other amounts payable | 47/48 | €3,146 | €16,347 | +€13,201 | +419.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,070 | €9,274 | +€203 | +2.2% |
| Other operating charges | 640/8 | €1,148 | €1,198 | +€50 | +4.4% |
| Gross operating margin | 9900 | €11,291 | €14,728 | +€3,437 | +30.4% |
| Operating profit (loss) | 9901 | €1,073 | €4,257 | +€3,184 | +296.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €724 | €83 | -€641 | -88.6% |
| Recurring financial charges | 65 | €724 | €83 | -€641 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €350 | €4,174 | +€3,824 | +1093.9% |
| Income taxes | 67/77 | €490 | €1,645 | +€1,155 | +235.7% |
| Profit (loss) for the period | 9904 | -€140 | €2,529 | +€2,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€140 | €2,529 | +€2,670 |
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 30 September 2026 via checked.be.