CTC GROUP: what changed
What changed
CTC GROUP
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€639,395
2024 · -€718,893+€1.4m
Equity
€1.2m
2024 · €579,711+€586,682
Cash
€43,871
2024 · €12,898+€30,973
Balance sheet total
€7.3m
2024 · €7.0m+€323,418
Largest movements
Assets
- Receivables within one year +€653,954
up €653,954 (+127%), from €514,708 to €1.2m
of which Other amounts receivable: +€424,694
- Tangible fixed assets -€536,140
down €536,140 (-35.7%), from €1.5m to €967,134
of which Land and buildings: -€583,478
- Receivables after one year +€210,000
new in 2025: €210,000
- Stocks and contracts +€186,564
up €186,564 (+8.5%), from €2.2m to €2.4m
- Intangible fixed assets -€145,412
down €145,412 (-16.4%), from €884,299 to €738,886
Equity and liabilities
- Profit (loss) carried forward +€639,395
up €639,395 (+34.4%), from -€1.9m to -€1.2m
- Other debts +€622,751
up €622,751 (+16.8%), from €3.7m to €4.3m
- Short-term financial debts -€560,000
no longer reported in 2025 (was €560,000)
- Debts after one year -€421,932
down €421,932 (-57.7%), from €730,848 to €308,916
- Trade debts +€249,580
up €249,580 (+26.4%), from €944,718 to €1.2m
Income statement
- Gross operating margin +€2.0m
up €2.0m (+345%), from €572,264 to €2.5m
- Staff costs +€78,963
up €78,963 (+9.8%), from €803,710 to €882,672
- Taxes +€74,156
up €74,156 (+18,633%), from €398 to €74,554
- Depreciation -€47,204
down €47,204 (-14.8%), from €319,738 to €272,534
- Financial income +€41,215
up €41,215 (+2,031%), from €2,029 to €43,244
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.
Result 2024
-€718,893
Gross operating margin
+€2.0m
Staff costs
-€78,963
Depreciation
+€47,204
Other operating charges
-€355
Other operating items
-€580,507
Financial income
+€41,215
Financial charges
+€25,263
Taxes
-€74,156
Deferred taxes and other
+€6,325
Result 2025
€639,395
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€791,974
Investment
+€434,019
Financing
-€1.2m
Cash 2024
€12,898
From operations (derived)
+€791,974
Net result for the year
+€639,395
Depreciation
+€272,534
Receivables after one year
-€210,000
Stocks and contracts
-€186,564
Receivables within one year
-€653,954
Deferred charges and accrued income
+€51,520
Provisions
-€9,455
Trade debts
+€249,580
Tax, wage and social debts
-€6,941
Other debts
+€622,751
Accrued charges and deferred income
+€23,107
Investment (derived)
+€434,019
Investment in fixed assets (net)
+€434,019
Financing
-€1.2m
Debts after one year
-€421,932
Current portion of long-term debt
-€160,374
Short-term financial debts
-€560,000
Contributions, distributions and other
-€52,714
Cash 2025
€43,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,012,219 | €7,335,637 | +€323,418 | +4.6% |
| Fixed assets | 21/28 | €4,224,573 | €3,518,021 | -€706,553 | -16.7% |
| Intangible fixed assets | 21 | €884,299 | €738,886 | -€145,412 | -16.4% |
| Tangible fixed assets | 22/27 | €1,503,275 | €967,134 | -€536,140 | -35.7% |
| Land and buildings | 22 | €604,999 | €21,521 | -€583,478 | -96.4% |
| Plant, machinery and equipment | 23 | €30,977 | €9,540 | -€21,437 | -69.2% |
| Furniture and vehicles | 24 | €20,022 | €873 | -€19,149 | -95.6% |
| Leasing and similar rights | 25 | €15,799 | €11,586 | -€4,213 | -26.7% |
| Other tangible fixed assets | 26 | €831,478 | €923,615 | +€92,137 | +11.1% |
| Financial fixed assets | 28 | €1,837,000 | €1,812,000 | -€25,000 | -1.4% |
| Current assets | 29/58 | €2,787,645 | €3,817,617 | +€1.0m | +36.9% |
| Amounts receivable after more than one year | 29 | - | €210,000 | +€210,000 | |
| Trade receivables | 290 | - | €210,000 | +€210,000 | |
| Stocks and contracts in progress | 3 | €2,201,952 | €2,388,516 | +€186,564 | +8.5% |
| Stocks | 30/36 | €2,201,952 | €2,388,516 | +€186,564 | +8.5% |
| Amounts receivable within one year | 40/41 | €514,708 | €1,168,662 | +€653,954 | +127% |
| Trade receivables | 40 | €291,914 | €521,174 | +€229,260 | +78.5% |
| Other amounts receivable | 41 | €222,794 | €647,488 | +€424,694 | +191% |
| Cash at bank and in hand | 54/58 | €12,898 | €43,871 | +€30,973 | +240% |
| Deferred charges and accrued income | 490/1 | €58,088 | €6,568 | -€51,520 | -88.7% |
| Total equity and liabilities | 10/49 | €7,012,219 | €7,335,637 | +€323,418 | +4.6% |
| Equity | 10/15 | €579,711 | €1,166,392 | +€586,682 | +101% |
| Contributions | 10/11 | €2,383,600 | €2,383,600 | = | 0.0% |
| Contributions outside capital | 11 | €2,383,600 | €2,383,600 | = | 0.0% |
| Other | 1109/19 | €2,383,600 | €2,383,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,858,463 | -€1,219,068 | +€639,395 | +34.4% |
| Investment grants | 15 | €52,714 | - | -€52,714 | |
| Provisions and deferred taxes | 16 | €9,455 | - | -€9,455 | |
| Deferred taxes | 168 | €9,455 | - | -€9,455 | |
| Amounts payable | 17/49 | €6,423,053 | €6,169,245 | -€253,808 | -4.0% |
| Amounts payable after more than one year | 17 | €730,848 | €308,916 | -€421,932 | -57.7% |
| Financial debts | 170/4 | €730,848 | €308,916 | -€421,932 | -57.7% |
| Amounts payable within one year | 42/48 | €5,691,297 | €5,836,314 | +€145,016 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €337,241 | €176,867 | -€160,374 | -47.6% |
| Financial debts | 43 | €560,000 | - | -€560,000 | |
| Credit institutions | 430/8 | €560,000 | - | -€560,000 | |
| Trade debts | 44 | €944,718 | €1,194,298 | +€249,580 | +26.4% |
| Suppliers | 440/4 | €944,718 | €1,194,298 | +€249,580 | +26.4% |
| Taxes, remuneration and social security | 45 | €138,901 | €131,960 | -€6,941 | -5.0% |
| Taxes | 450/3 | €25,257 | €2,006 | -€23,251 | -92.1% |
| Remuneration and social security | 454/9 | €113,644 | €129,954 | +€16,310 | +14.4% |
| Other amounts payable | 47/48 | €3,710,438 | €4,333,189 | +€622,751 | +16.8% |
| Accrued charges and deferred income | 492/3 | €908 | €24,015 | +€23,107 | +2,546% |
| Non-recurring operating income | 76A | €16,779 | €58 | -€16,721 | -99.7% |
| Remuneration, social security and pensions | 62 | €803,710 | €882,672 | +€78,963 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,738 | €272,534 | -€47,204 | -14.8% |
| Other operating charges | 640/8 | - | €355 | +€355 | |
| Non-recurring operating charges | 66A | €39,789 | €620,296 | +€580,507 | +1,459% |
| Gross operating margin | 9900 | €572,264 | €2,544,526 | +€2.0m | +345% |
| Operating profit (loss) | 9901 | -€590,972 | €768,669 | +€1.4m | |
| Financial income | 75/76B | €2,029 | €43,244 | +€41,215 | +2,031% |
| Recurring financial income | 75 | €2,029 | €43,244 | +€41,215 | +2,031% |
| Financial charges | 65/66B | €132,683 | €107,419 | -€25,263 | -19.0% |
| Recurring financial charges | 65 | €132,683 | €107,419 | -€25,263 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€721,625 | €704,495 | +€1.4m | |
| Transfer from deferred taxes | 780 | €3,130 | €9,455 | +€6,325 | +202% |
| Income taxes | 67/77 | €398 | €74,554 | +€74,156 | +18,633% |
| Profit (loss) for the period | 9904 | -€718,893 | €639,395 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€718,893 | €639,395 | +€1.4m |
Next steps
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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.