CTL IMMO: 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 IMMO
Largest movements
- Cash +€29,993
up €29,993 (+87.5%), from €34,270 to €64,263
mainly Depreciation (+€15,560) and Receivables within one year (+€12,534)
- Tangible fixed assets -€12,777
down €12,777 (-3.0%), from €432,167 to €419,391
- Receivables within one year -€12,534
down €12,534 (-24.2%), from €51,774 to €39,240
of which Trade receivables: -€8,171
- Trade debts -€13,240
down €13,240 (-70.3%), from €18,821 to €5,581
- Other debts +€8,178
up €8,178 (+2.1%), from €386,222 to €394,401
- Profit (loss) carried forward +€7,821
up €7,821 (+10.8%), from €72,236 to €80,057
- Gross operating margin +€4,436
up €4,436 (+11.6%), from €38,331 to €42,767
- Taxes +€2,030
up €2,030 (+225.8%), from €899 to €2,930
- Depreciation +€1,419
up €1,419 (+10.0%), from €14,140 to €15,560
From the 2023 result to the 2024 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 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 | €519,189 | €523,878 | +€4,689 | +0.9% |
| Fixed assets | 21/28 | €432,167 | €419,391 | -€12,777 | -3.0% |
| Tangible fixed assets | 22/27 | €432,167 | €419,391 | -€12,777 | -3.0% |
| Land and buildings | 22 | €432,167 | €419,391 | -€12,777 | -3.0% |
| Current assets | 29/58 | €87,021 | €104,487 | +€17,466 | +20.1% |
| Amounts receivable within one year | 40/41 | €51,774 | €39,240 | -€12,534 | -24.2% |
| Trade receivables | 40 | €13,202 | €5,031 | -€8,171 | -61.9% |
| Other amounts receivable | 41 | €38,573 | €34,209 | -€4,364 | -11.3% |
| Cash at bank and in hand | 54/58 | €34,270 | €64,263 | +€29,993 | +87.5% |
| Deferred charges and accrued income | 490/1 | €977 | €984 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €519,189 | €523,878 | +€4,689 | +0.9% |
| Equity | 10/15 | €112,236 | €120,057 | +€7,821 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,236 | €80,057 | +€7,821 | +10.8% |
| Amounts payable | 17/49 | €406,953 | €403,821 | -€3,132 | -0.8% |
| Amounts payable within one year | 42/48 | €405,952 | €403,821 | -€2,132 | -0.5% |
| Trade debts | 44 | €18,821 | €5,581 | -€13,240 | -70.3% |
| Suppliers | 440/4 | €18,821 | €5,581 | -€13,240 | -70.3% |
| Taxes, remuneration and social security | 45 | €909 | €3,839 | +€2,930 | +322.3% |
| Taxes | 450/3 | €909 | €3,839 | +€2,930 | +322.3% |
| Other amounts payable | 47/48 | €386,222 | €394,401 | +€8,178 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,001 | - | -€1,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,140 | €15,560 | +€1,419 | +10.0% |
| Other operating charges | 640/8 | €15,645 | €15,850 | +€205 | +1.3% |
| Gross operating margin | 9900 | €38,331 | €42,767 | +€4,436 | +11.6% |
| Operating profit (loss) | 9901 | €8,546 | €11,358 | +€2,812 | +32.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €222 | €607 | +€385 | +173.6% |
| Recurring financial charges | 65 | €222 | €607 | +€385 | +173.6% |
| Profit (loss) for the period before taxes | 9903 | €8,324 | €10,751 | +€2,427 | +29.2% |
| Income taxes | 67/77 | €899 | €2,930 | +€2,030 | +225.8% |
| Profit (loss) for the period | 9904 | €7,425 | €7,821 | +€397 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,425 | €7,821 | +€397 | +5.3% |
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 28 September 2026 via checked.be.