CTHL: 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.
CTHL
Largest movements
- Tangible fixed assets -€21,108
down €21,108 (-44.9%), from €47,032 to €25,924
- Receivables within one year +€3,273
up €3,273 (+616.7%), from €531 to €3,803
of which Trade receivables: +€3,000
- Cash +€787
up €787 (+35.7%), from €2,202 to €2,989
mainly Depreciation (+€21,542) and Net result for the year (+€8,291)
- Other debts -€22,716
down €22,716 (-45.7%), from €49,737 to €27,021
- Profit (loss) carried forward +€8,291
up €8,291 (+39.9%), from -€20,775 to -€12,485
- Trade debts -€2,150
down €2,150 (-96.0%), from €2,240 to €90
- Gross operating margin +€17,979
up €17,979 (+138.7%), from €12,962 to €30,941
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 | €51,056 | €34,244 | -€16,811 | -32.9% |
| Fixed assets | 21/28 | €47,123 | €26,015 | -€21,108 | -44.8% |
| Tangible fixed assets | 22/27 | €47,032 | €25,924 | -€21,108 | -44.9% |
| Land and buildings | 22 | €9,900 | €6,600 | -€3,300 | -33.3% |
| Plant, machinery and equipment | 23 | €19,686 | €11,484 | -€8,202 | -41.7% |
| Furniture and vehicles | 24 | €17,447 | €7,841 | -€9,606 | -55.1% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €3,932 | €8,230 | +€4,297 | +109.3% |
| Stocks and contracts in progress | 3 | - | €470 | +€470 | |
| Stocks | 30/36 | - | €470 | +€470 | |
| Amounts receivable within one year | 40/41 | €531 | €3,803 | +€3,273 | +616.7% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €531 | €803 | +€273 | +51.4% |
| Cash at bank and in hand | 54/58 | €2,202 | €2,989 | +€787 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,199 | €967 | -€232 | -19.4% |
| Total equity and liabilities | 10/49 | €51,056 | €34,244 | -€16,811 | -32.9% |
| Equity | 10/15 | -€1,509 | €6,782 | +€8,291 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €667 | €667 | = | 0.0% |
| Distributable reserves | 133 | €667 | €667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,775 | -€12,485 | +€8,291 | +39.9% |
| Amounts payable | 17/49 | €52,564 | €27,462 | -€25,102 | -47.8% |
| Amounts payable within one year | 42/48 | €52,564 | €27,462 | -€25,102 | -47.8% |
| Trade debts | 44 | €2,240 | €90 | -€2,150 | -96.0% |
| Suppliers | 440/4 | €2,240 | €90 | -€2,150 | -96.0% |
| Taxes, remuneration and social security | 45 | €587 | €351 | -€235 | -40.1% |
| Taxes | 450/3 | €587 | €351 | -€235 | -40.1% |
| Other amounts payable | 47/48 | €49,737 | €27,021 | -€22,716 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,409 | €21,542 | +€134 | +0.6% |
| Other operating charges | 640/8 | €799 | €819 | +€20 | +2.5% |
| Gross operating margin | 9900 | €12,962 | €30,941 | +€17,979 | +138.7% |
| Operating profit (loss) | 9901 | -€9,246 | €8,580 | +€17,825 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €118 | €115 | -€3 | -2.6% |
| Recurring financial charges | 65 | €118 | €115 | -€3 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,364 | €8,464 | +€17,829 | |
| Income taxes | 67/77 | €178 | €174 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€9,542 | €8,291 | +€17,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,542 | €8,291 | +€17,832 |
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.