CTL – ICS Antwerp: 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.
CTL – ICS Antwerp
Largest movements
- Receivables within one year -€121,994
down €121,994 (-32.6%), from €374,579 to €252,585
of which Other amounts receivable: -€104,153
- Trade debts -€65,829
down €65,829 (-25.7%), from €255,829 to €190,000
- Tax, wage and social debts -€37,420
down €37,420 (-78.4%), from €47,705 to €10,285
- Other debts -€13,831
down €13,831 (-6.8%), from €203,831 to €190,000
- Gross operating margin +€16,070
up €16,070 (+6.9%), from €231,319 to €247,389
- Taxes +€4,153
up €4,153 (+7.2%), from €57,476 to €61,630
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 | €539,733 | €417,542 | -€122,190 | -22.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,031 | €758 | -€273 | -26.5% |
| Tangible fixed assets | 22/27 | €1,031 | €758 | -€273 | -26.5% |
| Plant, machinery and equipment | 23 | €1,031 | €758 | -€273 | -26.5% |
| Current assets | 29/58 | €538,702 | €416,785 | -€121,917 | -22.6% |
| Amounts receivable within one year | 40/41 | €374,579 | €252,585 | -€121,994 | -32.6% |
| Trade receivables | 40 | €232,055 | €214,215 | -€17,840 | -7.7% |
| Other amounts receivable | 41 | €142,524 | €38,370 | -€104,153 | -73.1% |
| Cash at bank and in hand | 54/58 | €164,123 | €164,200 | +€77 | 0.0% |
| Total equity and liabilities | 10/49 | €539,733 | €417,542 | -€122,190 | -22.6% |
| Equity | 10/15 | €32,368 | €27,257 | -€5,111 | -15.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,368 | €2,257 | -€5,111 | -69.4% |
| Amounts payable | 17/49 | €507,365 | €390,285 | -€117,080 | -23.1% |
| Amounts payable within one year | 42/48 | €507,365 | €390,285 | -€117,080 | -23.1% |
| Trade debts | 44 | €255,829 | €190,000 | -€65,829 | -25.7% |
| Suppliers | 440/4 | €255,829 | €190,000 | -€65,829 | -25.7% |
| Taxes, remuneration and social security | 45 | €47,705 | €10,285 | -€37,420 | -78.4% |
| Taxes | 450/3 | €47,705 | €10,285 | -€37,420 | -78.4% |
| Other amounts payable | 47/48 | €203,831 | €190,000 | -€13,831 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €273 | -€613 | -69.2% |
| Other operating charges | 640/8 | €330 | €212 | -€118 | -35.8% |
| Gross operating margin | 9900 | €231,319 | €247,389 | +€16,070 | +6.9% |
| Operating profit (loss) | 9901 | €230,103 | €246,904 | +€16,801 | +7.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €198 | €385 | +€188 | +94.8% |
| Recurring financial charges | 65 | €198 | €385 | +€188 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €229,905 | €246,519 | +€16,614 | +7.2% |
| Income taxes | 67/77 | €57,476 | €61,630 | +€4,153 | +7.2% |
| Profit (loss) for the period | 9904 | €172,429 | €184,889 | +€12,460 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €172,429 | €184,889 | +€12,460 | +7.2% |
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 9 October 2026 via checked.be.