CTG Projects: 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 Projects
Largest movements
- Receivables within one year +€55,732
up €55,732 (+59.2%), from €94,127 to €149,858
of which Other amounts receivable: +€73,706
- Cash +€25,723
up €25,723 (+47.2%), from €54,441 to €80,164
mainly Net result for the year (+€147,002) and Other debts (+€87,806)
- Other debts +€87,806
up €87,806, from €0 to €87,806
- Debts after one year -€41,400
down €41,400 (-14.5%), from €286,200 to €244,800
of which Other amounts payable: -€41,400
- Reserves +€25,702
up €25,702 (+4.7%), from €544,732 to €570,433
- Gross operating margin +€2,111
up €2,111 (+1.1%), from €189,845 to €191,956
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 | €888,848 | €970,241 | +€81,392 | +9.2% |
| Fixed assets | 21/28 | €500,000 | €500,000 | = | 0.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €388,848 | €470,241 | +€81,392 | +20.9% |
| Amounts receivable after more than one year | 29 | €205,000 | €205,000 | = | 0.0% |
| Other amounts receivable | 291 | €205,000 | €205,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,127 | €149,858 | +€55,732 | +59.2% |
| Trade receivables | 40 | €92,975 | €75,000 | -€17,975 | -19.3% |
| Other amounts receivable | 41 | €1,152 | €74,858 | +€73,706 | +6398.3% |
| Current investments | 50/53 | €23,101 | €29,271 | +€6,170 | +26.7% |
| Cash at bank and in hand | 54/58 | €54,441 | €80,164 | +€25,723 | +47.2% |
| Deferred charges and accrued income | 490/1 | €12,179 | €5,947 | -€6,232 | -51.2% |
| Total equity and liabilities | 10/49 | €888,848 | €970,241 | +€81,392 | +9.2% |
| Equity | 10/15 | €549,732 | €575,433 | +€25,702 | +4.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €544,732 | €570,433 | +€25,702 | +4.7% |
| Distributable reserves | 133 | €544,732 | €570,433 | +€25,702 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €339,117 | €394,807 | +€55,691 | +16.4% |
| Amounts payable after more than one year | 17 | €286,200 | €244,800 | -€41,400 | -14.5% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €186,200 | €144,800 | -€41,400 | -22.2% |
| Amounts payable within one year | 42/48 | €52,917 | €150,007 | +€97,091 | +183.5% |
| Current portion of amounts payable after more than one year | 42 | €37,823 | €41,400 | +€3,577 | +9.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €460 | €1,681 | +€1,221 | +265.3% |
| Suppliers | 440/4 | €460 | €1,681 | +€1,221 | +265.3% |
| Taxes, remuneration and social security | 45 | €14,634 | €19,120 | +€4,487 | +30.7% |
| Taxes | 450/3 | €14,634 | €19,120 | +€4,487 | +30.7% |
| Other amounts payable | 47/48 | €0 | €87,806 | +€87,806 | |
| Other operating charges | 640/8 | €683 | €854 | +€171 | +25.0% |
| Gross operating margin | 9900 | €189,845 | €191,956 | +€2,111 | +1.1% |
| Operating profit (loss) | 9901 | €189,162 | €191,102 | +€1,940 | +1.0% |
| Financial income | 75/76B | €6,151 | €6,460 | +€309 | +5.0% |
| Recurring financial income | 75 | €6,151 | €6,460 | +€309 | +5.0% |
| Financial charges | 65/66B | €2,633 | €1,119 | -€1,514 | -57.5% |
| Recurring financial charges | 65 | €2,633 | €1,119 | -€1,514 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €192,680 | €196,443 | +€3,763 | +2.0% |
| Income taxes | 67/77 | €48,726 | €49,441 | +€715 | +1.5% |
| Profit (loss) for the period | 9904 | €143,954 | €147,002 | +€3,048 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,954 | €147,002 | +€3,048 | +2.1% |
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 12 October 2026 via checked.be.