CTC IMMO: 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.
CTC IMMO
Largest movements
- Deferred charges and accrued income +€10,713
up €10,713 (+12360.9%), from €87 to €10,800
- Receivables within one year -€9,277
down €9,277 (-89.8%), from €10,333 to €1,056
of which Other amounts receivable: -€9,277
- Cash -€9,062
down €9,062 (-65.6%), from €13,824 to €4,762
mainly Other debts (-€42,638) and Investment in fixed assets (net) (-€18,755)
- Tangible fixed assets -€3,642
down €3,642 (-1.3%), from €287,094 to €283,451
of which Land and buildings: -€3,352
- Other debts -€42,638
down €42,638 (-31.7%), from €134,661 to €92,023
- Reserves +€22,762
up €22,762 (+15.1%), from €151,115 to €173,877
of which Distributable reserves: +€22,762
- Tax, wage and social debts +€11,335
new in 2025: €11,335
- Gross operating margin +€15,540
up €15,540 (+31.0%), from €50,146 to €65,686
- Taxes +€4,928
up €4,928 (+76.3%), from €6,458 to €11,386
- Depreciation +€1,347
up €1,347 (+6.4%), from €21,050 to €22,397
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 | €311,337 | €300,069 | -€11,268 | -3.6% |
| Fixed assets | 21/28 | €287,094 | €283,451 | -€3,642 | -1.3% |
| Tangible fixed assets | 22/27 | €287,094 | €283,451 | -€3,642 | -1.3% |
| Land and buildings | 22 | €286,695 | €283,343 | -€3,352 | -1.2% |
| Plant, machinery and equipment | 23 | €399 | €109 | -€290 | -72.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €24,243 | €16,617 | -€7,626 | -31.5% |
| Amounts receivable within one year | 40/41 | €10,333 | €1,056 | -€9,277 | -89.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,333 | €1,056 | -€9,277 | -89.8% |
| Cash at bank and in hand | 54/58 | €13,824 | €4,762 | -€9,062 | -65.6% |
| Deferred charges and accrued income | 490/1 | €87 | €10,800 | +€10,713 | +12360.9% |
| Total equity and liabilities | 10/49 | €311,337 | €300,069 | -€11,268 | -3.6% |
| Equity | 10/15 | €171,695 | €194,457 | +€22,762 | +13.3% |
| Contributions | 10/11 | €14,947 | €14,947 | = | 0.0% |
| Reserves | 13 | €151,115 | €173,877 | +€22,762 | +15.1% |
| Non-distributable reserves | 130/1 | €1,495 | €1,495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,495 | €1,495 | = | 0.0% |
| Distributable reserves | 133 | €149,620 | €172,382 | +€22,762 | +15.2% |
| Profit (loss) carried forward | 14 | €5,633 | €5,633 | = | 0.0% |
| Amounts payable | 17/49 | €139,642 | €105,612 | -€34,030 | -24.4% |
| Amounts payable within one year | 42/48 | €136,631 | €104,158 | -€32,473 | -23.8% |
| Trade debts | 44 | €1,971 | €800 | -€1,171 | -59.4% |
| Suppliers | 440/4 | €1,971 | €800 | -€1,171 | -59.4% |
| Taxes, remuneration and social security | 45 | - | €11,335 | +€11,335 | |
| Taxes | 450/3 | - | €11,335 | +€11,335 | |
| Other amounts payable | 47/48 | €134,661 | €92,023 | -€42,638 | -31.7% |
| Accrued charges and deferred income | 492/3 | €3,011 | €1,454 | -€1,557 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,050 | €22,397 | +€1,347 | +6.4% |
| Other operating charges | 640/8 | €8,593 | €8,990 | +€397 | +4.6% |
| Gross operating margin | 9900 | €50,146 | €65,686 | +€15,540 | +31.0% |
| Operating profit (loss) | 9901 | €20,503 | €34,299 | +€13,796 | +67.3% |
| Financial income | 75/76B | €150 | €169 | +€19 | +12.8% |
| Recurring financial income | 75 | €150 | €169 | +€19 | +12.8% |
| Financial charges | 65/66B | €411 | €321 | -€90 | -22.0% |
| Recurring financial charges | 65 | €411 | €321 | -€90 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €20,242 | €34,148 | +€13,906 | +68.7% |
| Income taxes | 67/77 | €6,458 | €11,386 | +€4,928 | +76.3% |
| Profit (loss) for the period | 9904 | €13,784 | €22,762 | +€8,977 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,784 | €22,762 | +€8,977 | +65.1% |
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 29 September 2026 via checked.be.