CTF 2000: 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.
What changed
CTF 2000
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €812,149+€641,755
Equity
€8.4m
2024 · €7.6m+€853,904
Cash
€1.0m
2024 · €552,786+€483,950
Balance sheet total
€17.8m
2024 · €15.5m+€2.4m
Largest movements
Assets
- Receivables within one year +€786,000
up €786,000 (+18.3%), from €4.3m to €5.1m
of which Trade receivables: +€766,275
- Stocks and contracts +€780,011
up €780,011 (+13.4%), from €5.8m to €6.6m
- Cash +€483,950
up €483,950 (+87.5%), from €552,786 to €1.0m
mainly Net result for the year (+€1.5m) and Short-term financial debts (+€751,446)
- Receivables after one year +€206,016
up €206,016 (+24.7%), from €832,572 to €1.0m
Equity and liabilities
- Reserves +€853,904
up €853,904 (+12.7%), from €6.7m to €7.6m
of which Distributable reserves: +€538,154
- Short-term financial debts +€751,446
up €751,446 (+16.8%), from €4.5m to €5.2m
- Other debts +€600,000
up €600,000 (+417.2%), from €143,828 to €743,828
- Trade debts +€380,811
up €380,811 (+16.5%), from €2.3m to €2.7m
Income statement
- Goods and materials +€4.4m
up €4.4m (+23.2%), from €19.0m to €23.4m
of which Purchases: +€4.2m
- Turnover +€4.4m
up €4.4m (+15.8%), from €27.7m to €32.1m
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
€812,149
Turnover
+€4.4m
Other operating income
-€11,256
Goods and materials
-€4.4m
Services and other goods
-€31,259
Staff costs
-€153,855
Depreciation
-€15,482
Write-downs
+€71,612
Other operating charges
+€7,579
Other operating items
+€761,789
Financial income
+€132,927
Financial charges
-€123,748
Taxes
+€25,578
Result 2025
€1.5m
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.
From operations
+€1.2m
Investment
-€697,073
Financing
+€12,793
Cash 2024
€552,786
From operations (derived)
+€1.2m
Net result for the year
+€1.5m
Depreciation
+€625,687
Receivables after one year
-€206,016
Stocks and contracts
-€780,011
Receivables within one year
-€786,000
Deferred charges and accrued income
-€29,154
Trade debts
+€380,811
Tax, wage and social debts
-€3,491
Advances received
-€87,500
Other debts
+€600,000
Investment (derived)
-€697,073
Investment in fixed assets (net)
-€697,073
Financing
+€12,793
Debts after one year
-€139,772
Current portion of long-term debt
+€1,119
Short-term financial debts
+€751,446
Contributions, distributions and other
-€600,000
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,485,352 | €17,841,869 | +€2.4m | +15.2% |
| Fixed assets | 21/28 | €3,983,690 | €4,055,076 | +€71,386 | +1.8% |
| Intangible fixed assets | 21 | €281,968 | €332,718 | +€50,750 | +18.0% |
| Tangible fixed assets | 22/27 | €1,868,919 | €1,889,556 | +€20,636 | +1.1% |
| Land and buildings | 22 | €260,240 | €264,589 | +€4,349 | +1.7% |
| Plant, machinery and equipment | 23 | €1,323,516 | €1,283,992 | -€39,524 | -3.0% |
| Furniture and vehicles | 24 | €285,163 | €271,675 | -€13,488 | -4.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | - | €69,300 | +€69,300 | |
| Financial fixed assets | 28 | €1,832,803 | €1,832,803 | = | 0.0% |
| Affiliated companies | 280/1 | €1,825,999 | €1,825,999 | = | 0.0% |
| Participating interests | 280 | €25,999 | €25,999 | = | 0.0% |
| Amounts receivable | 281 | €1,800,000 | €1,800,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,804 | €6,804 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,804 | €6,804 | = | 0.0% |
| Current assets | 29/58 | €11,501,662 | €13,786,793 | +€2.3m | +19.9% |
| Amounts receivable after more than one year | 29 | €832,572 | €1,038,588 | +€206,016 | +24.7% |
| Other amounts receivable | 291 | €832,572 | €1,038,588 | +€206,016 | +24.7% |
| Stocks and contracts in progress | 3 | €5,819,519 | €6,599,530 | +€780,011 | +13.4% |
| Stocks | 30/36 | €5,819,519 | €6,599,530 | +€780,011 | +13.4% |
| Raw materials and consumables | 30/31 | €4,280,762 | €4,048,837 | -€231,925 | -5.4% |
| Work in progress | 32 | €1,440,752 | €2,041,060 | +€600,308 | +41.7% |
| Finished goods | 33 | €23,441 | €29,399 | +€5,958 | +25.4% |
| Goods purchased for resale | 34 | - | €79,966 | +€79,966 | |
| Advance payments | 36 | €74,563 | €400,268 | +€325,705 | +436.8% |
| Amounts receivable within one year | 40/41 | €4,285,380 | €5,071,380 | +€786,000 | +18.3% |
| Trade receivables | 40 | €4,103,525 | €4,869,800 | +€766,275 | +18.7% |
| Other amounts receivable | 41 | €181,856 | €201,581 | +€19,725 | +10.8% |
| Cash at bank and in hand | 54/58 | €552,786 | €1,036,735 | +€483,950 | +87.5% |
| Deferred charges and accrued income | 490/1 | €11,406 | €40,560 | +€29,154 | +255.6% |
| Total equity and liabilities | 10/49 | €15,485,352 | €17,841,869 | +€2.4m | +15.2% |
| Equity | 10/15 | €7,561,008 | €8,414,913 | +€853,904 | +11.3% |
| Contributions | 10/11 | €817,529 | €817,529 | = | 0.0% |
| Capital | 10 | €752,299 | €752,299 | = | 0.0% |
| Issued capital | 100 | €752,299 | €752,299 | = | 0.0% |
| Outside capital | 11 | €65,230 | €65,230 | = | 0.0% |
| Share premium | 1100/10 | €65,230 | €65,230 | = | 0.0% |
| Reserves | 13 | €6,743,480 | €7,597,384 | +€853,904 | +12.7% |
| Non-distributable reserves | 130/1 | €75,230 | €75,230 | = | 0.0% |
| Legal reserve | 130 | €75,230 | €75,230 | = | 0.0% |
| Tax-exempt reserves | 132 | €481,850 | €797,600 | +€315,750 | +65.5% |
| Distributable reserves | 133 | €6,186,400 | €6,724,554 | +€538,154 | +8.7% |
| Amounts payable | 17/49 | €7,924,343 | €9,426,956 | +€1.5m | +19.0% |
| Amounts payable after more than one year | 17 | €338,366 | €198,594 | -€139,772 | -41.3% |
| Financial debts | 170/4 | €338,366 | €198,594 | -€139,772 | -41.3% |
| Credit institutions | 173 | €338,366 | €198,594 | -€139,772 | -41.3% |
| Amounts payable within one year | 42/48 | €7,585,977 | €9,228,362 | +€1.6m | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €172,195 | €173,314 | +€1,119 | +0.6% |
| Financial debts | 43 | €4,477,964 | €5,229,411 | +€751,446 | +16.8% |
| Credit institutions | 430/8 | €4,477,964 | €5,229,411 | +€751,446 | +16.8% |
| Trade debts | 44 | €2,306,020 | €2,686,831 | +€380,811 | +16.5% |
| Suppliers | 440/4 | €2,306,020 | €2,686,831 | +€380,811 | +16.5% |
| Advances received on contracts in progress | 46 | €87,500 | €0 | -€87,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €398,470 | €394,979 | -€3,491 | -0.9% |
| Taxes | 450/3 | €52,577 | €27,404 | -€25,173 | -47.9% |
| Remuneration and social security | 454/9 | €345,892 | €367,575 | +€21,682 | +6.3% |
| Other amounts payable | 47/48 | €143,828 | €743,828 | +€600,000 | +417.2% |
| Operating income | 70/76A | €27,650,955 | €32,780,394 | +€5.1m | +18.6% |
| Turnover | 70 | €27,699,564 | €32,078,720 | +€4.4m | +15.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€162,700 | €606,266 | +€768,966 | |
| Other operating income | 74 | €105,664 | €94,408 | -€11,256 | -10.7% |
| Non-recurring operating income | 76A | €8,427 | €1,000 | -€7,427 | -88.1% |
| Operating charges | 60/66A | €26,154,646 | €30,677,087 | +€4.5m | +17.3% |
| Goods for resale, raw materials and consumables | 60 | €18,983,868 | €23,385,154 | +€4.4m | +23.2% |
| Purchases | 600/8 | €19,002,067 | €23,233,629 | +€4.2m | +22.3% |
| Change in stocks: decrease (increase) | 609 | -€18,199 | €151,526 | +€169,724 | |
| Services and other goods | 61 | €3,622,016 | €3,653,275 | +€31,259 | +0.9% |
| Remuneration, social security and pensions | 62 | €2,826,557 | €2,980,412 | +€153,855 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610,205 | €625,687 | +€15,482 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €81,242 | €9,630 | -€71,612 | -88.1% |
| Other operating charges | 640/8 | €30,508 | €22,928 | -€7,579 | -24.8% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100.0% |
| Operating profit (loss) | 9901 | €1,496,309 | €2,103,307 | +€606,998 | +40.6% |
| Financial income | 75/76B | €60,920 | €193,848 | +€132,927 | +218.2% |
| Recurring financial income | 75 | €60,920 | €193,848 | +€132,927 | +218.2% |
| Income from financial fixed assets | 750 | €3,528 | €0 | -€3,528 | -100.0% |
| Income from current assets | 751 | €36,637 | €68,100 | +€31,463 | +85.9% |
| Other financial income | 752/9 | €20,755 | €125,748 | +€104,993 | +505.9% |
| Financial charges | 65/66B | €409,867 | €533,614 | +€123,748 | +30.2% |
| Recurring financial charges | 65 | €409,867 | €533,614 | +€123,748 | +30.2% |
| Debt charges | 650 | €279,702 | €256,593 | -€23,109 | -8.3% |
| Other financial charges | 652/9 | €130,165 | €277,022 | +€146,857 | +112.8% |
| Profit (loss) for the period before taxes | 9903 | €1,147,363 | €1,763,541 | +€616,178 | +53.7% |
| Income taxes | 67/77 | €335,214 | €309,636 | -€25,578 | -7.6% |
| Taxes | 670/3 | €335,214 | €309,636 | -€25,578 | -7.6% |
| Profit (loss) for the period | 9904 | €812,149 | €1,453,904 | +€641,755 | +79.0% |
| Transfer from tax-exempt reserves | 789 | €200,544 | €105,250 | -€95,294 | -47.5% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €421,000 | +€294,700 | +233.3% |
| Profit (loss) for the period to be appropriated | 9905 | €886,393 | €1,138,154 | +€251,761 | +28.4% |
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 6 October 2026 via checked.be.