CTL: 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.
CTL
Largest movements
- Cash +€10,347
up €10,347 (+49.8%), from €20,793 to €31,140
mainly Net result for the year (+€69,710) and Depreciation (+€10,335)
- Receivables within one year -€9,221
down €9,221 (-94.9%), from €9,713 to €492
of which Trade receivables: -€6,989
- Tangible fixed assets -€6,335
down €6,335 (-9.7%), from €65,626 to €59,291
of which Furniture and vehicles: -€6,009
- Stocks and contracts +€2,014
new in 2024: €2,014
- Other debts -€69,790
down €69,790 (-56.2%), from €124,276 to €54,486
- Profit (loss) carried forward +€69,709
up €69,709, from -€63,256 to €6,453
- Trade debts -€2,772
down €2,772 (-5.9%), from €46,772 to €44,000
- Gross operating margin +€161,338
up €161,338, from -€48,492 to €112,846
- Purchases and services -€115,622
no longer reported in 2024 (was €115,622)
- Turnover -€67,129
no longer reported in 2024 (was €67,129)
- Staff costs +€21,120
up €21,120 (+240.7%), from €8,773 to €29,893
- Depreciation +€4,511
up €4,511 (+77.4%), from €5,824 to €10,335
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,131 | €110,937 | -€3,194 | -2.8% |
| Fixed assets | 21/28 | €83,626 | €77,291 | -€6,335 | -7.6% |
| Tangible fixed assets | 22/27 | €65,626 | €59,291 | -€6,335 | -9.7% |
| Plant, machinery and equipment | 23 | €38,679 | €38,354 | -€325 | -0.8% |
| Furniture and vehicles | 24 | €26,946 | €20,937 | -€6,009 | -22.3% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €30,506 | €33,647 | +€3,141 | +10.3% |
| Stocks and contracts in progress | 3 | - | €2,014 | +€2,014 | |
| Stocks | 30/36 | - | €2,014 | +€2,014 | |
| Amounts receivable within one year | 40/41 | €9,713 | €492 | -€9,221 | -94.9% |
| Trade receivables | 40 | €7,481 | €492 | -€6,989 | -93.4% |
| Other amounts receivable | 41 | €2,233 | - | -€2,233 | |
| Cash at bank and in hand | 54/58 | €20,793 | €31,140 | +€10,347 | +49.8% |
| Total equity and liabilities | 10/49 | €114,131 | €110,937 | -€3,194 | -2.8% |
| Equity | 10/15 | -€61,256 | €8,453 | +€69,709 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,256 | €6,453 | +€69,709 | |
| Amounts payable | 17/49 | €175,388 | €102,484 | -€72,904 | -41.6% |
| Amounts payable within one year | 42/48 | €175,388 | €102,484 | -€72,904 | -41.6% |
| Trade debts | 44 | €46,772 | €44,000 | -€2,772 | -5.9% |
| Suppliers | 440/4 | €46,772 | €44,000 | -€2,772 | -5.9% |
| Taxes, remuneration and social security | 45 | €4,339 | €3,998 | -€341 | -7.9% |
| Taxes | 450/3 | - | €1,614 | +€1,614 | |
| Remuneration and social security | 454/9 | €4,339 | €2,384 | -€1,955 | -45.1% |
| Other amounts payable | 47/48 | €124,276 | €54,486 | -€69,790 | -56.2% |
| Turnover | 70 | €67,129 | - | -€67,129 | |
| Goods, raw materials, services and sundry goods | 60/61 | €115,622 | - | -€115,622 | |
| Remuneration, social security and pensions | 62 | €8,773 | €29,893 | +€21,120 | +240.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,824 | €10,335 | +€4,511 | +77.4% |
| Other operating charges | 640/8 | - | €91 | +€91 | |
| Gross operating margin | 9900 | -€48,492 | €112,846 | +€161,338 | |
| Operating profit (loss) | 9901 | -€63,090 | €72,528 | +€135,618 | |
| Financial charges | 65/66B | €167 | €1,205 | +€1,038 | +621.4% |
| Recurring financial charges | 65 | €167 | €1,205 | +€1,038 | +621.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,256 | €71,323 | +€134,579 | |
| Income taxes | 67/77 | - | €1,614 | +€1,614 | |
| Profit (loss) for the period | 9904 | - | €69,710 | +€69,710 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €69,710 | +€69,710 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.