CTL RETAIL: 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 RETAIL
Largest movements
- Tangible fixed assets -€10,744
down €10,744 (-39.6%), from €27,122 to €16,378
- Receivables within one year -€7,155
down €7,155 (-21.9%), from €32,709 to €25,554
of which Trade receivables: -€7,022
- Stocks and contracts +€4,753
up €4,753 (+44.3%), from €10,730 to €15,484
- Cash +€4,625
up €4,625 (+5.0%), from €92,430 to €97,055
mainly Net result for the year (+€11,741) and Depreciation (+€10,744)
- Other debts -€17,139
down €17,139 (-38.6%), from €44,351 to €27,211
- Profit (loss) carried forward +€10,551
up €10,551 (+17.5%), from €60,440 to €70,991
- Debts after one year -€7,358
down €7,358 (-36.2%), from €20,323 to €12,965
- Tax, wage and social debts +€4,776
up €4,776 (+19.5%), from €24,517 to €29,294
- Gross operating margin -€51,709
down €51,709 (-64.2%), from €80,494 to €28,785
- Taxes -€13,831
down €13,831 (-75.9%), from €18,228 to €4,397
- Other operating charges -€7,659
down €7,659 (-89.5%), from €8,555 to €896
- Depreciation +€5,702
up €5,702 (+113%), from €5,042 to €10,744
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 | €162,991 | €154,471 | -€8,520 | -5.2% |
| Fixed assets | 21/28 | €27,122 | €16,378 | -€10,744 | -39.6% |
| Tangible fixed assets | 22/27 | €27,122 | €16,378 | -€10,744 | -39.6% |
| Furniture and vehicles | 24 | €27,122 | €16,378 | -€10,744 | -39.6% |
| Current assets | 29/58 | €135,869 | €138,092 | +€2,223 | +1.6% |
| Stocks and contracts in progress | 3 | €10,730 | €15,484 | +€4,753 | +44.3% |
| Stocks | 30/36 | €10,730 | €15,484 | +€4,753 | +44.3% |
| Amounts receivable within one year | 40/41 | €32,709 | €25,554 | -€7,155 | -21.9% |
| Trade receivables | 40 | €32,576 | €25,554 | -€7,022 | -21.6% |
| Other amounts receivable | 41 | €133 | - | -€133 | |
| Cash at bank and in hand | 54/58 | €92,430 | €97,055 | +€4,625 | +5.0% |
| Total equity and liabilities | 10/49 | €162,991 | €154,471 | -€8,520 | -5.2% |
| Equity | 10/15 | €62,440 | €72,991 | +€10,551 | +16.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,440 | €70,991 | +€10,551 | +17.5% |
| Amounts payable | 17/49 | €100,551 | €81,480 | -€19,071 | -19.0% |
| Amounts payable after more than one year | 17 | €20,323 | €12,965 | -€7,358 | -36.2% |
| Financial debts | 170/4 | €20,323 | €12,965 | -€7,358 | -36.2% |
| Amounts payable within one year | 42/48 | €80,228 | €68,515 | -€11,713 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €7,058 | €7,358 | +€300 | +4.2% |
| Trade debts | 44 | €4,302 | €4,651 | +€349 | +8.1% |
| Suppliers | 440/4 | €4,302 | €4,651 | +€349 | +8.1% |
| Taxes, remuneration and social security | 45 | €24,517 | €29,294 | +€4,776 | +19.5% |
| Taxes | 450/3 | €24,517 | €29,294 | +€4,776 | +19.5% |
| Other amounts payable | 47/48 | €44,351 | €27,211 | -€17,139 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,042 | €10,744 | +€5,702 | +113% |
| Other operating charges | 640/8 | €8,555 | €896 | -€7,659 | -89.5% |
| Gross operating margin | 9900 | €80,494 | €28,785 | -€51,709 | -64.2% |
| Operating profit (loss) | 9901 | €66,897 | €17,146 | -€49,752 | -74.4% |
| Financial income | 75/76B | €34 | €72 | +€38 | +112% |
| Recurring financial income | 75 | €34 | €72 | +€38 | +112% |
| Financial charges | 65/66B | €632 | €1,080 | +€448 | +71.0% |
| Recurring financial charges | 65 | €632 | €1,080 | +€448 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €66,300 | €16,138 | -€50,162 | -75.7% |
| Income taxes | 67/77 | €18,228 | €4,397 | -€13,831 | -75.9% |
| Profit (loss) for the period | 9904 | €48,072 | €11,741 | -€36,331 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,072 | €11,741 | -€36,331 | -75.6% |
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 13 October 2026 via checked.be.