CTCS Europe: what changed
Two financial 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.
What changed
CTCS Europe
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,593
2024 · €45,642+€3,951
Equity
€1.9m
2024 · €883,108+€1.1m
Cash
€47,005
2024 · €62,036-€15,031
Balance sheet total
€2.2m
2024 · €1.4m+€806,504
Largest movements
Assets
- Financial fixed assets +€1.0m
up €1.0m (+115%), from €879,000 to €1.9m
- Receivables after one year -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
Equity and liabilities
- Revaluation surpluses +€1.0m
up €1.0m (+139%), from €727,500 to €1.7m
- Debts after one year -€270,060
down €270,060 (-85.5%), from €315,772 to €45,711
- Reserves +€49,593
up €49,593 (+33.2%), from €149,408 to €199,001
Income statement
- Financial income +€26,699
up €26,699 (+286%), from €9,339 to €36,038
of which Financial income: +€22,272
- Taxes +€16,394
up €16,394 (+308%), from €5,329 to €21,723
- Other operating charges -€11,025
down €11,025 (-75.7%), from €14,569 to €3,543
- Financial charges +€7,713
up €7,713 (+30.9%), from €24,996 to €32,710
of which Financial charges: +€6,963
- Staff costs +€6,625
up €6,625 (+10.7%), from €62,046 to €68,672
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.
Result 2024
€45,642
Gross operating margin
-€5,339
Staff costs
-€6,625
Depreciation
+€2,299
Other operating charges
+€11,025
Financial income
+€26,699
Financial charges
-€7,713
Taxes
-€16,394
Result 2025
€49,593
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€262,168
Investment
-€1.0m
Financing
+€752,943
Cash 2024
€62,036
From operations (derived)
+€262,168
Net result for the year
+€49,593
Depreciation
+€6,253
Receivables after one year
+€200,000
Receivables within one year
+€17,434
Deferred charges and accrued income
-€15,080
Trade debts
+€7,031
Tax, wage and social debts
-€3,131
Accrued charges and deferred income
+€69
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
+€752,943
Debts after one year
-€270,060
Current portion of long-term debt
-€7,828
Short-term financial debts
+€16,992
Contributions, distributions and other
+€1.0m
Cash 2025
€47,005
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,351,343 | €2,157,847 | +€806,504 | +59.7% |
| Fixed assets | 21/28 | €901,923 | €1,925,812 | +€1.0m | +114% |
| Tangible fixed assets | 22/27 | €22,923 | €33,722 | +€10,800 | +47.1% |
| Plant, machinery and equipment | 23 | - | €2,367 | +€2,367 | |
| Furniture and vehicles | 24 | €2,058 | €11,164 | +€9,106 | +442% |
| Other tangible fixed assets | 26 | €20,865 | €20,192 | -€673 | -3.2% |
| Financial fixed assets | 28 | €879,000 | €1,892,090 | +€1.0m | +115% |
| Current assets | 29/58 | €449,420 | €232,035 | -€217,385 | -48.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Other amounts receivable | 291 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €79,556 | €62,121 | -€17,434 | -21.9% |
| Trade receivables | 40 | €9,048 | €8,646 | -€402 | -4.4% |
| Other amounts receivable | 41 | €70,508 | €53,475 | -€17,032 | -24.2% |
| Cash at bank and in hand | 54/58 | €62,036 | €47,005 | -€15,031 | -24.2% |
| Deferred charges and accrued income | 490/1 | €7,829 | €22,909 | +€15,080 | +193% |
| Total equity and liabilities | 10/49 | €1,351,343 | €2,157,847 | +€806,504 | +59.7% |
| Equity | 10/15 | €883,108 | €1,946,541 | +€1.1m | +120% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €727,500 | €1,741,340 | +€1.0m | +139% |
| Reserves | 13 | €149,408 | €199,001 | +€49,593 | +33.2% |
| Distributable reserves | 133 | €149,408 | €199,001 | +€49,593 | +33.2% |
| Amounts payable | 17/49 | €468,235 | €211,306 | -€256,929 | -54.9% |
| Amounts payable after more than one year | 17 | €315,772 | €45,711 | -€270,060 | -85.5% |
| Financial debts | 170/4 | €315,772 | €45,711 | -€270,060 | -85.5% |
| Amounts payable within one year | 42/48 | €151,271 | €164,334 | +€13,063 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €94,599 | €86,771 | -€7,828 | -8.3% |
| Financial debts | 43 | - | €16,992 | +€16,992 | |
| Credit institutions | 430/8 | - | €16,992 | +€16,992 | |
| Trade debts | 44 | €26,001 | €33,031 | +€7,031 | +27.0% |
| Suppliers | 440/4 | €26,001 | €33,031 | +€7,031 | +27.0% |
| Taxes, remuneration and social security | 45 | €21,922 | €18,791 | -€3,131 | -14.3% |
| Taxes | 450/3 | €11,391 | €10,443 | -€948 | -8.3% |
| Remuneration and social security | 454/9 | €10,531 | €8,348 | -€2,184 | -20.7% |
| Other amounts payable | 47/48 | €8,750 | €8,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,192 | €1,261 | +€69 | +5.8% |
| Remuneration, social security and pensions | 62 | €62,046 | €68,672 | +€6,625 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,552 | €6,253 | -€2,299 | -26.9% |
| Other operating charges | 640/8 | €14,569 | €3,543 | -€11,025 | -75.7% |
| Gross operating margin | 9900 | €151,795 | €146,456 | -€5,339 | -3.5% |
| Operating profit (loss) | 9901 | €66,628 | €67,988 | +€1,360 | +2.0% |
| Financial income | 75/76B | €9,339 | €36,038 | +€26,699 | +286% |
| Recurring financial income | 75 | €9,339 | €31,610 | +€22,272 | +238% |
| Non-recurring financial income | 76B | - | €4,427 | +€4,427 | |
| Financial charges | 65/66B | €24,996 | €32,710 | +€7,713 | +30.9% |
| Recurring financial charges | 65 | €24,996 | €31,960 | +€6,963 | +27.9% |
| Non-recurring financial charges | 66B | - | €750 | +€750 | |
| Profit (loss) for the period before taxes | 9903 | €50,971 | €71,316 | +€20,346 | +39.9% |
| Income taxes | 67/77 | €5,329 | €21,723 | +€16,394 | +308% |
| Profit (loss) for the period | 9904 | €45,642 | €49,593 | +€3,951 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,642 | €49,593 | +€3,951 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.