CTK Real estate: what changed
CTK Real estate
Largest movements
- Current investments -€49,745
down €49,745 (-83.4%), from €59,654 to €9,910
- Stocks and contracts +€15,167
up €15,167 (+3.2%), from €468,000 to €483,167
- Cash -€5,959
down €5,959 (-46.9%), from €12,714 to €6,755
mainly Trade debts (-€55,121) and Stocks and contracts (-€15,167)
- Trade debts -€55,121
down €55,121 (-94.6%), from €58,266 to €3,144
- Other debts +€16,987
up €16,987 (+9.4%), from €181,443 to €198,430
- Gross operating margin +€30,743
up €30,743, from -€21,935 to €8,808
- Other operating charges -€13,907
down €13,907 (-93.8%), from €14,831 to €924
- Financial charges -€9,848
down €9,848 (-43.2%), from €22,780 to €12,931
- Financial income +€4,145
new in 2025: €4,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,513 | €501,450 | -€39,063 | -7.2% |
| Current assets | 29/58 | €540,513 | €501,450 | -€39,063 | -7.2% |
| Stocks and contracts in progress | 3 | €468,000 | €483,167 | +€15,167 | +3.2% |
| Stocks | 30/36 | €468,000 | €483,167 | +€15,167 | +3.2% |
| Amounts receivable within one year | 40/41 | €93 | - | -€93 | |
| Other amounts receivable | 41 | €93 | - | -€93 | |
| Current investments | 50/53 | €59,654 | €9,910 | -€49,745 | -83.4% |
| Cash at bank and in hand | 54/58 | €12,714 | €6,755 | -€5,959 | -46.9% |
| Deferred charges and accrued income | 490/1 | €51 | €1,617 | +€1,566 | +3,042% |
| Total equity and liabilities | 10/49 | €540,513 | €501,450 | -€39,063 | -7.2% |
| Equity | 10/15 | €2,727 | €1,825 | -€902 | -33.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,273 | -€198,175 | -€902 | -0.5% |
| Amounts payable | 17/49 | €537,786 | €499,624 | -€38,161 | -7.1% |
| Amounts payable within one year | 42/48 | €537,786 | €499,624 | -€38,161 | -7.1% |
| Financial debts | 43 | €298,000 | €298,050 | +€50 | 0.0% |
| Credit institutions | 430/8 | €298,000 | €298,050 | +€50 | 0.0% |
| Trade debts | 44 | €58,266 | €3,144 | -€55,121 | -94.6% |
| Suppliers | 440/4 | €58,266 | €3,144 | -€55,121 | -94.6% |
| Taxes, remuneration and social security | 45 | €77 | - | -€77 | |
| Taxes | 450/3 | €77 | - | -€77 | |
| Other amounts payable | 47/48 | €181,443 | €198,430 | +€16,987 | +9.4% |
| Other operating charges | 640/8 | €14,831 | €924 | -€13,907 | -93.8% |
| Gross operating margin | 9900 | -€21,935 | €8,808 | +€30,743 | |
| Operating profit (loss) | 9901 | -€36,766 | €7,884 | +€44,650 | |
| Financial income | 75/76B | - | €4,145 | +€4,145 | |
| Recurring financial income | 75 | - | €4,145 | +€4,145 | |
| Financial charges | 65/66B | €22,780 | €12,931 | -€9,848 | -43.2% |
| Recurring financial charges | 65 | €22,780 | €12,931 | -€9,848 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,545 | -€902 | +€58,643 | +98.5% |
| Income taxes | 67/77 | -€8 | - | +€8 | |
| Profit (loss) for the period | 9904 | -€59,537 | -€902 | +€58,635 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,537 | -€902 | +€58,635 | +98.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.