CTECH: 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.
CTECH
Largest movements
- Cash +€286,847
up €286,847 (+48.7%), from €589,187 to €876,034
mainly Other debts (+€281,311) and Receivables within one year (+€79,249)
- Receivables within one year -€79,249
down €79,249 (-49.9%), from €158,787 to €79,538
of which Trade receivables: -€68,936
- Intangible fixed assets +€33,560
up €33,560 (+41.2%), from €81,497 to €115,057
- Other debts +€281,311
up €281,311 (+34.7%), from €811,254 to €1.1m
- Trade debts -€120,339
down €120,339 (-72.2%), from €166,739 to €46,400
- Tax, wage and social debts +€54,736
up €54,736 (+5,721%), from €957 to €55,693
of which Taxes: +€49,835
- Profit (loss) carried forward +€40,168
up €40,168 (+3.9%), from -€1.0m to -€988,579
- Debts after one year -€13,333
down €13,333 (-7.7%), from €173,333 to €160,000
- Gross operating margin +€110,459
up €110,459 (+61.8%), from €178,675 to €289,134
- Financial charges +€32,587
up €32,587 (+23.7%), from €137,592 to €170,179
- Depreciation +€9,798
up €9,798 (+20.6%), from €47,589 to €57,386
- Staff costs +€8,637
up €8,637 (+51.9%), from €16,631 to €25,269
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €855,419 | €1,097,962 | +€242,544 | +28.4% |
| Fixed assets | 21/28 | €107,445 | €142,391 | +€34,946 | +32.5% |
| Intangible fixed assets | 21 | €81,497 | €115,057 | +€33,560 | +41.2% |
| Tangible fixed assets | 22/27 | €948 | €2,334 | +€1,386 | +146% |
| Furniture and vehicles | 24 | €948 | €2,334 | +€1,386 | +146% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €747,974 | €955,572 | +€207,597 | +27.8% |
| Amounts receivable within one year | 40/41 | €158,787 | €79,538 | -€79,249 | -49.9% |
| Trade receivables | 40 | €145,462 | €76,526 | -€68,936 | -47.4% |
| Other amounts receivable | 41 | €13,325 | €3,012 | -€10,313 | -77.4% |
| Cash at bank and in hand | 54/58 | €589,187 | €876,034 | +€286,847 | +48.7% |
| Total equity and liabilities | 10/49 | €855,419 | €1,097,962 | +€242,544 | +28.4% |
| Equity | 10/15 | -€310,197 | -€270,029 | +€40,168 | +12.9% |
| Contributions | 10/11 | €718,550 | €718,550 | = | 0.0% |
| Capital | 10 | €718,550 | €718,550 | = | 0.0% |
| Issued capital | 100 | €718,550 | €718,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,028,747 | -€988,579 | +€40,168 | +3.9% |
| Amounts payable | 17/49 | €1,165,616 | €1,367,991 | +€202,375 | +17.4% |
| Amounts payable after more than one year | 17 | €173,333 | €160,000 | -€13,333 | -7.7% |
| Financial debts | 170/4 | €173,333 | €160,000 | -€13,333 | -7.7% |
| Amounts payable within one year | 42/48 | €992,282 | €1,207,991 | +€215,709 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €166,739 | €46,400 | -€120,339 | -72.2% |
| Suppliers | 440/4 | €166,739 | €46,400 | -€120,339 | -72.2% |
| Taxes, remuneration and social security | 45 | €957 | €55,693 | +€54,736 | +5,721% |
| Taxes | 450/3 | €2 | €49,837 | +€49,835 | +2,166,727% |
| Remuneration and social security | 454/9 | €954 | €5,856 | +€4,901 | +514% |
| Other amounts payable | 47/48 | €811,254 | €1,092,565 | +€281,311 | +34.7% |
| Remuneration, social security and pensions | 62 | €16,631 | €25,269 | +€8,637 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,589 | €57,386 | +€9,798 | +20.6% |
| Other operating charges | 640/8 | €223 | €290 | +€67 | +29.8% |
| Non-recurring operating charges | 66A | - | €136 | +€136 | |
| Gross operating margin | 9900 | €178,675 | €289,134 | +€110,459 | +61.8% |
| Operating profit (loss) | 9901 | €114,232 | €206,054 | +€91,822 | +80.4% |
| Financial income | 75/76B | €5,751 | €5,800 | +€49 | +0.8% |
| Recurring financial income | 75 | €5,751 | €5,800 | +€49 | +0.8% |
| Financial charges | 65/66B | €137,592 | €170,179 | +€32,587 | +23.7% |
| Recurring financial charges | 65 | €137,592 | €170,179 | +€32,587 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,609 | €41,674 | +€59,283 | |
| Income taxes | 67/77 | €1,158 | €1,506 | +€348 | +30.1% |
| Profit (loss) for the period | 9904 | -€18,767 | €40,168 | +€58,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,767 | €40,168 | +€58,935 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.