CTGA CONSULTING: 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.
CTGA CONSULTING
Largest movements
- Financial fixed assets +€376,356
up €376,356 (+135%), from €278,177 to €654,533
- Receivables within one year +€22,827
up €22,827 (+204%), from €11,198 to €34,025
of which Trade receivables: +€18,077
- Cash -€19,156
down €19,156 (-57.9%), from €33,078 to €13,923
mainly Investment in fixed assets (net) (-€376,356) and Contributions, distributions and other (-€39,000)
- Profit (loss) carried forward +€397,532
up €397,532 (+329%), from €121,004 to €518,536
- Debts after one year -€28,833
down €28,833 (-27.9%), from €103,456 to €74,623
- Financial income +€375,719
up €375,719 (+28,712%), from €1,309 to €377,028
of which Non-recurring financial income: +€376,356
- Gross operating margin -€5,470
down €5,470 (-5.6%), from €97,494 to €92,024
- Taxes -€4,121
down €4,121 (-15.8%), from €26,128 to €22,008
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 | €327,291 | €705,798 | +€378,507 | +116% |
| Fixed assets | 21/28 | €281,632 | €656,467 | +€374,835 | +133% |
| Tangible fixed assets | 22/27 | €3,455 | €1,934 | -€1,521 | -44.0% |
| Furniture and vehicles | 24 | €1,662 | €596 | -€1,066 | -64.1% |
| Other tangible fixed assets | 26 | €1,793 | €1,338 | -€455 | -25.4% |
| Financial fixed assets | 28 | €278,177 | €654,533 | +€376,356 | +135% |
| Current assets | 29/58 | €45,658 | €49,330 | +€3,672 | +8.0% |
| Amounts receivable within one year | 40/41 | €11,198 | €34,025 | +€22,827 | +204% |
| Trade receivables | 40 | - | €18,077 | +€18,077 | |
| Other amounts receivable | 41 | €11,198 | €15,948 | +€4,750 | +42.4% |
| Cash at bank and in hand | 54/58 | €33,078 | €13,923 | -€19,156 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,382 | €1,382 | = | 0.0% |
| Total equity and liabilities | 10/49 | €327,291 | €705,798 | +€378,507 | +116% |
| Equity | 10/15 | €141,464 | €538,996 | +€397,532 | +281% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,004 | €518,536 | +€397,532 | +329% |
| Amounts payable | 17/49 | €185,827 | €166,802 | -€19,025 | -10.2% |
| Amounts payable after more than one year | 17 | €103,456 | €74,623 | -€28,833 | -27.9% |
| Financial debts | 170/4 | €103,456 | €74,623 | -€28,833 | -27.9% |
| Amounts payable within one year | 42/48 | €82,080 | €91,887 | +€9,808 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €28,269 | €28,833 | +€564 | +2.0% |
| Financial debts | 43 | €11,152 | €10,123 | -€1,030 | -9.2% |
| Credit institutions | 430/8 | €11,152 | €10,123 | -€1,030 | -9.2% |
| Trade debts | 44 | €1,508 | €1,959 | +€450 | +29.9% |
| Suppliers | 440/4 | €1,508 | €1,959 | +€450 | +29.9% |
| Taxes, remuneration and social security | 45 | €9,150 | €11,973 | +€2,823 | +30.9% |
| Taxes | 450/3 | €6,720 | €9,543 | +€2,823 | +42.0% |
| Remuneration and social security | 454/9 | €2,430 | €2,430 | = | 0.0% |
| Other amounts payable | 47/48 | €32,000 | €39,000 | +€7,000 | +21.9% |
| Accrued charges and deferred income | 492/3 | €291 | €291 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,624 | €1,521 | -€103 | -6.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €97,494 | €92,024 | -€5,470 | -5.6% |
| Operating profit (loss) | 9901 | €95,483 | €90,103 | -€5,380 | -5.6% |
| Financial income | 75/76B | €1,309 | €377,028 | +€375,719 | +28,712% |
| Recurring financial income | 75 | €1,309 | €672 | -€637 | -48.7% |
| Non-recurring financial income | 76B | - | €376,356 | +€376,356 | |
| Financial charges | 65/66B | €9,198 | €8,591 | -€606 | -6.6% |
| Recurring financial charges | 65 | €9,198 | €8,591 | -€606 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €87,593 | €458,539 | +€370,946 | +423% |
| Income taxes | 67/77 | €26,128 | €22,008 | -€4,121 | -15.8% |
| Profit (loss) for the period | 9904 | €61,465 | €436,532 | +€375,067 | +610% |
| Profit (loss) for the period to be appropriated | 9905 | €61,465 | €436,532 | +€375,067 | +610% |
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 28 October 2026 via checked.be.