CTG GROUP: 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.
CTG GROUP
Largest movements
- Receivables within one year +€87,962
up €87,962 (+1,446%), from €6,083 to €94,045
of which Trade receivables: +€89,188
- Cash -€33,509
down €33,509 (-73.8%), from €45,426 to €11,917
mainly Receivables within one year (-€87,962) and Trade debts (-€24,043)
- Tangible fixed assets -€19,694
down €19,694 (-15.4%), from €128,100 to €108,406
of which Other tangible fixed assets: -€11,922
- Financial fixed assets +€4,275
up €4,275 (+86.4%), from €4,950 to €9,225
- Stocks and contracts +€3,840
up €3,840 (+171%), from €2,245 to €6,085
- Profit (loss) carried forward +€39,149
up €39,149 (+84.9%), from -€46,090 to -€6,941
- Other debts +€25,290
up €25,290 (+14.1%), from €179,499 to €204,789
- Trade debts -€24,043
down €24,043 (-56.7%), from €42,424 to €18,381
- Tax, wage and social debts +€7,354
up €7,354 (+133%), from €5,520 to €12,874
of which Remuneration and social security: +€6,961
- Accrued charges and deferred income -€3,451
no longer reported in 2025 (was €3,451)
- Gross operating margin +€7,870
up €7,870 (+8.1%), from €97,464 to €105,334
- Depreciation +€7,528
up €7,528 (+36.3%), from €20,766 to €28,294
- Staff costs +€5,804
up €5,804 (+18.8%), from €30,887 to €36,691
- Other operating charges -€1,777
down €1,777 (-90.2%), from €1,970 to €193
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 | €186,804 | €231,103 | +€44,299 | +23.7% |
| Fixed assets | 21/28 | €133,050 | €117,631 | -€15,419 | -11.6% |
| Tangible fixed assets | 22/27 | €128,100 | €108,406 | -€19,694 | -15.4% |
| Land and buildings | 22 | €35,819 | €34,487 | -€1,332 | -3.7% |
| Plant, machinery and equipment | 23 | €27,900 | €23,369 | -€4,531 | -16.2% |
| Furniture and vehicles | 24 | €5,571 | €3,662 | -€1,909 | -34.3% |
| Other tangible fixed assets | 26 | €58,810 | €46,888 | -€11,922 | -20.3% |
| Financial fixed assets | 28 | €4,950 | €9,225 | +€4,275 | +86.4% |
| Current assets | 29/58 | €53,754 | €113,472 | +€59,718 | +111% |
| Stocks and contracts in progress | 3 | €2,245 | €6,085 | +€3,840 | +171% |
| Stocks | 30/36 | €2,245 | €6,085 | +€3,840 | +171% |
| Amounts receivable within one year | 40/41 | €6,083 | €94,045 | +€87,962 | +1,446% |
| Trade receivables | 40 | €4,563 | €93,751 | +€89,188 | +1,955% |
| Other amounts receivable | 41 | €1,520 | €294 | -€1,226 | -80.7% |
| Cash at bank and in hand | 54/58 | €45,426 | €11,917 | -€33,509 | -73.8% |
| Deferred charges and accrued income | 490/1 | - | €1,425 | +€1,425 | |
| Total equity and liabilities | 10/49 | €186,804 | €231,103 | +€44,299 | +23.7% |
| Equity | 10/15 | -€44,090 | -€4,941 | +€39,149 | +88.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,090 | -€6,941 | +€39,149 | +84.9% |
| Amounts payable | 17/49 | €230,894 | €236,044 | +€5,150 | +2.2% |
| Amounts payable within one year | 42/48 | €227,443 | €236,044 | +€8,601 | +3.8% |
| Trade debts | 44 | €42,424 | €18,381 | -€24,043 | -56.7% |
| Suppliers | 440/4 | €42,424 | €18,381 | -€24,043 | -56.7% |
| Taxes, remuneration and social security | 45 | €5,520 | €12,874 | +€7,354 | +133% |
| Taxes | 450/3 | €254 | €647 | +€393 | +155% |
| Remuneration and social security | 454/9 | €5,266 | €12,227 | +€6,961 | +132% |
| Other amounts payable | 47/48 | €179,499 | €204,789 | +€25,290 | +14.1% |
| Accrued charges and deferred income | 492/3 | €3,451 | - | -€3,451 | |
| Remuneration, social security and pensions | 62 | €30,887 | €36,691 | +€5,804 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,766 | €28,294 | +€7,528 | +36.3% |
| Other operating charges | 640/8 | €1,970 | €193 | -€1,777 | -90.2% |
| Non-recurring operating charges | 66A | €15,920 | - | -€15,920 | |
| Gross operating margin | 9900 | €97,464 | €105,334 | +€7,870 | +8.1% |
| Operating profit (loss) | 9901 | €27,921 | €40,156 | +€12,235 | +43.8% |
| Financial charges | 65/66B | €445 | €1,007 | +€562 | +126% |
| Recurring financial charges | 65 | €445 | €1,007 | +€562 | +126% |
| Profit (loss) for the period before taxes | 9903 | €27,476 | €39,149 | +€11,673 | +42.5% |
| Profit (loss) for the period | 9904 | €27,476 | €39,149 | +€11,673 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,476 | €39,149 | +€11,673 | +42.5% |
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 19 October 2026 via checked.be.