CTC BENELUX: what changed
CTC BENELUX
Largest movements
- Stocks and contracts -€94,994
down €94,994 (-44.1%), from €215,524 to €120,530
- Cash -€93,913
down €93,913 (-27.3%), from €343,647 to €249,734
mainly Net result for the year (-€276,870) and Receivables within one year (-€38,452)
- Receivables within one year +€38,452
up €38,452 (+130%), from €29,544 to €67,996
of which Trade receivables: +€38,452
- Deferred charges and accrued income +€17,858
up €17,858 (+855%), from €2,088 to €19,946
- Profit (loss) carried forward -€276,870
down €276,870 (-67.4%), from -€410,867 to -€687,736
- Trade debts +€167,668
up €167,668 (+117%), from €143,067 to €310,735
- Tax, wage and social debts -€27,517
down €27,517 (-17.9%), from €153,621 to €126,104
of which Remuneration and social security: -€17,225
- Staff costs -€95,460
down €95,460 (-11.8%), from €812,094 to €716,634
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,821 | €467,103 | -€136,718 | -22.6% |
| Fixed assets | 21/28 | €13,018 | €8,897 | -€4,120 | -31.7% |
| Tangible fixed assets | 22/27 | €9,944 | €5,823 | -€4,120 | -41.4% |
| Plant, machinery and equipment | 23 | €6,200 | €3,563 | -€2,638 | -42.5% |
| Furniture and vehicles | 24 | €3,744 | €2,261 | -€1,483 | -39.6% |
| Financial fixed assets | 28 | €3,074 | €3,074 | = | 0.0% |
| Current assets | 29/58 | €590,804 | €458,206 | -€132,598 | -22.4% |
| Stocks and contracts in progress | 3 | €215,524 | €120,530 | -€94,994 | -44.1% |
| Stocks | 30/36 | €215,524 | €120,530 | -€94,994 | -44.1% |
| Amounts receivable within one year | 40/41 | €29,544 | €67,996 | +€38,452 | +130% |
| Trade receivables | 40 | €29,544 | €67,996 | +€38,452 | +130% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €343,647 | €249,734 | -€93,913 | -27.3% |
| Deferred charges and accrued income | 490/1 | €2,088 | €19,946 | +€17,858 | +855% |
| Total equity and liabilities | 10/49 | €603,821 | €467,103 | -€136,718 | -22.6% |
| Equity | 10/15 | €57,133 | -€219,736 | -€276,870 | |
| Contributions | 10/11 | €468,000 | €468,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€410,867 | -€687,736 | -€276,870 | -67.4% |
| Amounts payable | 17/49 | €546,688 | €686,839 | +€140,151 | +25.6% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €296,688 | €436,839 | +€140,151 | +47.2% |
| Trade debts | 44 | €143,067 | €310,735 | +€167,668 | +117% |
| Suppliers | 440/4 | €143,067 | €310,735 | +€167,668 | +117% |
| Taxes, remuneration and social security | 45 | €153,621 | €126,104 | -€27,517 | -17.9% |
| Taxes | 450/3 | €55,548 | €45,257 | -€10,291 | -18.5% |
| Remuneration and social security | 454/9 | €98,073 | €80,848 | -€17,225 | -17.6% |
| Remuneration, social security and pensions | 62 | €812,094 | €716,634 | -€95,460 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €4,120 | = | 0.0% |
| Other operating charges | 640/8 | €9,395 | €11,442 | +€2,047 | +21.8% |
| Gross operating margin | 9900 | €485,198 | €484,219 | -€979 | -0.2% |
| Operating profit (loss) | 9901 | -€340,411 | -€247,976 | +€92,435 | +27.2% |
| Financial income | 75/76B | €1,206 | €0 | -€1,206 | -100% |
| Recurring financial income | 75 | €1,206 | €0 | -€1,206 | -100% |
| Financial charges | 65/66B | €31,025 | €27,550 | -€3,475 | -11.2% |
| Recurring financial charges | 65 | €31,025 | €27,550 | -€3,475 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€370,230 | -€275,526 | +€94,704 | +25.6% |
| Income taxes | 67/77 | €1,866 | €1,344 | -€522 | -28.0% |
| Profit (loss) for the period | 9904 | -€372,096 | -€276,870 | +€95,226 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€372,096 | -€276,870 | +€95,226 | +25.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.