CTK INVEST: 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.
CTK INVEST
Largest movements
- Tangible fixed assets -€380,710
down €380,710 (-75.0%), from €507,728 to €127,018
- Stocks and contracts +€346,681
up €346,681 (+27.5%), from €1.3m to €1.6m
- Cash +€102,243
up €102,243 (+1,516%), from €6,745 to €108,989
mainly Investment in fixed assets (net) (+€376,089) and Net result for the year (+€247,850)
- Profit (loss) carried forward +€160,877
up €160,877, from -€160,877 to €0
- Debts after one year -€122,425
down €122,425 (-100%), from €122,425 to €0
- Other debts -€99,626
down €99,626 (-27.3%), from €364,382 to €264,755
- Reserves +€86,974
new in 2025: €86,974
- Tax, wage and social debts +€43,793
up €43,793 (+269%), from €16,253 to €60,046
- Gross operating margin +€270,562
up €270,562 (+360%), from €75,207 to €345,769
- Taxes +€44,529
new in 2025: €44,529
- Write-downs -€30,302
new in 2025: -€30,302
- Financial charges -€28,912
down €28,912 (-29.6%), from €97,588 to €68,675
- Depreciation -€6,708
down €6,708 (-59.2%), from €11,330 to €4,621
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 | €1,789,658 | €1,854,209 | +€64,551 | +3.6% |
| Fixed assets | 21/28 | €507,728 | €127,018 | -€380,710 | -75.0% |
| Tangible fixed assets | 22/27 | €507,728 | €127,018 | -€380,710 | -75.0% |
| Land and buildings | 22 | €507,728 | €127,018 | -€380,710 | -75.0% |
| Current assets | 29/58 | €1,281,931 | €1,727,192 | +€445,261 | +34.7% |
| Stocks and contracts in progress | 3 | €1,258,617 | €1,605,297 | +€346,681 | +27.5% |
| Stocks | 30/36 | €1,258,617 | €1,605,297 | +€346,681 | +27.5% |
| Amounts receivable within one year | 40/41 | €4 | €10,720 | +€10,716 | +254,531% |
| Trade receivables | 40 | €4 | €0 | -€4 | -100% |
| Other amounts receivable | 41 | €0 | €10,720 | +€10,720 | |
| Cash at bank and in hand | 54/58 | €6,745 | €108,989 | +€102,243 | +1,516% |
| Deferred charges and accrued income | 490/1 | €16,564 | €2,186 | -€14,378 | -86.8% |
| Total equity and liabilities | 10/49 | €1,789,658 | €1,854,209 | +€64,551 | +3.6% |
| Equity | 10/15 | -€142,277 | €105,574 | +€247,850 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €86,974 | +€86,974 | |
| Distributable reserves | 133 | - | €86,974 | +€86,974 | |
| Profit (loss) carried forward | 14 | -€160,877 | €0 | +€160,877 | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Amounts payable | 17/49 | €1,931,935 | €1,748,636 | -€183,299 | -9.5% |
| Amounts payable after more than one year | 17 | €122,425 | €0 | -€122,425 | -100% |
| Financial debts | 170/4 | €122,425 | €0 | -€122,425 | -100% |
| Amounts payable within one year | 42/48 | €1,792,152 | €1,733,288 | -€58,864 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €25,656 | €8,455 | -€17,201 | -67.0% |
| Financial debts | 43 | €1,293,568 | €1,265,676 | -€27,893 | -2.2% |
| Credit institutions | 430/8 | €1,293,568 | €1,265,676 | -€27,893 | -2.2% |
| Trade debts | 44 | €92,293 | €134,357 | +€42,063 | +45.6% |
| Suppliers | 440/4 | €92,293 | €134,357 | +€42,063 | +45.6% |
| Taxes, remuneration and social security | 45 | €16,253 | €60,046 | +€43,793 | +269% |
| Taxes | 450/3 | €16,253 | €60,046 | +€43,793 | +269% |
| Other amounts payable | 47/48 | €364,382 | €264,755 | -€99,626 | -27.3% |
| Accrued charges and deferred income | 492/3 | €17,357 | €15,347 | -€2,010 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,330 | €4,621 | -€6,708 | -59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,302 | -€30,302 | |
| Other operating charges | 640/8 | €11,497 | €10,396 | -€1,101 | -9.6% |
| Gross operating margin | 9900 | €75,207 | €345,769 | +€270,562 | +360% |
| Operating profit (loss) | 9901 | €52,380 | €361,055 | +€308,674 | +589% |
| Financial charges | 65/66B | €97,588 | €68,675 | -€28,912 | -29.6% |
| Recurring financial charges | 65 | €97,588 | €68,675 | -€28,912 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,207 | €292,379 | +€337,586 | |
| Income taxes | 67/77 | - | €44,529 | +€44,529 | |
| Profit (loss) for the period | 9904 | -€45,207 | €247,850 | +€293,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,207 | €247,850 | +€293,058 |
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 31 October 2026 via checked.be.