CTG-Trans: 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-Trans
Largest movements
- Cash +€28,682
up €28,682 (+201%), from €14,259 to €42,942
mainly Net result for the year (+€20,628) and Tax, wage and social debts (+€5,817)
- Receivables within one year -€1,572
down €1,572 (-11.7%), from €13,483 to €11,911
of which Trade receivables: -€2,019
- Tangible fixed assets -€1,030
down €1,030 (-57.7%), from €1,785 to €755
of which Other tangible fixed assets: -€884
- Receivables after one year +€1,000
up €1,000 (+2.6%), from €39,000 to €40,000
- Reserves +€16,000
up €16,000 (+66.7%), from €24,000 to €40,000
- Tax, wage and social debts +€5,817
up €5,817 (+26.3%), from €22,119 to €27,936
- Trade debts +€5,315
up €5,315 (+73.2%), from €7,260 to €12,575
- Short-term financial debts -€1,110
no longer reported in 2025 (was €1,110)
- Gross operating margin +€20,784
up €20,784 (+51.0%), from €40,791 to €61,575
- Financial charges +€5,623
up €5,623 (+325%), from €1,732 to €7,355
- Other operating charges +€5,084
up €5,084 (+24.3%), from €20,961 to €26,045
- Taxes +€3,416
up €3,416 (+60.7%), from €5,623 to €9,040
- Financial income +€1,450
up €1,450 (+135%), from €1,073 to €2,522
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 | €68,702 | €95,608 | +€26,905 | +39.2% |
| Fixed assets | 21/28 | €1,785 | €755 | -€1,030 | -57.7% |
| Tangible fixed assets | 22/27 | €1,785 | €755 | -€1,030 | -57.7% |
| Furniture and vehicles | 24 | €198 | €52 | -€146 | -73.9% |
| Other tangible fixed assets | 26 | €1,587 | €703 | -€884 | -55.7% |
| Current assets | 29/58 | €66,918 | €94,853 | +€27,935 | +41.7% |
| Amounts receivable after more than one year | 29 | €39,000 | €40,000 | +€1,000 | +2.6% |
| Other amounts receivable | 291 | €39,000 | €40,000 | +€1,000 | +2.6% |
| Amounts receivable within one year | 40/41 | €13,483 | €11,911 | -€1,572 | -11.7% |
| Trade receivables | 40 | €12,363 | €10,343 | -€2,019 | -16.3% |
| Other amounts receivable | 41 | €1,121 | €1,568 | +€447 | +39.9% |
| Cash at bank and in hand | 54/58 | €14,259 | €42,942 | +€28,682 | +201% |
| Deferred charges and accrued income | 490/1 | €175 | - | -€175 | |
| Total equity and liabilities | 10/49 | €68,702 | €95,608 | +€26,905 | +39.2% |
| Equity | 10/15 | €33,784 | €50,412 | +€16,628 | +49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,000 | €40,000 | +€16,000 | +66.7% |
| Distributable reserves | 133 | €24,000 | €40,000 | +€16,000 | +66.7% |
| Profit (loss) carried forward | 14 | €3,584 | €4,212 | +€628 | +17.5% |
| Amounts payable | 17/49 | €34,918 | €45,195 | +€10,277 | +29.4% |
| Amounts payable within one year | 42/48 | €34,918 | €45,195 | +€10,277 | +29.4% |
| Financial debts | 43 | €1,110 | - | -€1,110 | |
| Credit institutions | 430/8 | €1,110 | - | -€1,110 | |
| Trade debts | 44 | €7,260 | €12,575 | +€5,315 | +73.2% |
| Suppliers | 440/4 | €7,260 | €12,575 | +€5,315 | +73.2% |
| Taxes, remuneration and social security | 45 | €22,119 | €27,936 | +€5,817 | +26.3% |
| Taxes | 450/3 | €22,119 | €27,936 | +€5,817 | +26.3% |
| Other amounts payable | 47/48 | €4,430 | €4,685 | +€255 | +5.8% |
| Non-recurring operating income | 76A | - | €12,652 | +€12,652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €1,030 | -€0 | 0.0% |
| Other operating charges | 640/8 | €20,961 | €26,045 | +€5,084 | +24.3% |
| Gross operating margin | 9900 | €40,791 | €61,575 | +€20,784 | +51.0% |
| Operating profit (loss) | 9901 | €18,800 | €34,501 | +€15,701 | +83.5% |
| Financial income | 75/76B | €1,073 | €2,522 | +€1,450 | +135% |
| Recurring financial income | 75 | €1,073 | €2,522 | +€1,450 | +135% |
| Financial charges | 65/66B | €1,732 | €7,355 | +€5,623 | +325% |
| Recurring financial charges | 65 | €1,732 | €7,355 | +€5,623 | +325% |
| Profit (loss) for the period before taxes | 9903 | €18,140 | €29,668 | +€11,527 | +63.5% |
| Income taxes | 67/77 | €5,623 | €9,040 | +€3,416 | +60.7% |
| Profit (loss) for the period | 9904 | €12,517 | €20,628 | +€8,111 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,517 | €20,628 | +€8,111 | +64.8% |
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 18 October 2026 via checked.be.