CTM-H&S Consult: what changed
CTM-H&S Consult
Largest movements
- Tangible fixed assets -€11,947
down €11,947 (-29.2%), from €40,935 to €28,988
of which Furniture and vehicles: -€11,448
- Financial fixed assets +€9,802
up €9,802 (+83.1%), from €11,794 to €21,596
- Cash -€3,047
down €3,047 (-30.5%), from €9,986 to €6,938
mainly Debts after one year (-€10,754) and Investment in fixed assets (net) (-€9,802)
- Receivables within one year -€1,064
down €1,064 (-30.4%), from €3,498 to €2,435
- Debts after one year -€10,754
down €10,754 (-43.1%), from €24,936 to €14,183
- Reserves +€6,082
up €6,082 (+47.6%), from €12,766 to €18,848
- Tax, wage and social debts -€4,356
down €4,356 (-81.9%), from €5,321 to €965
- Trade debts +€3,758
up €3,758 (+395%), from €952 to €4,710
- Other debts -€1,019
down €1,019 (-9.8%), from €10,363 to €9,344
- Gross operating margin -€1,200
down €1,200 (-4.7%), from €25,639 to €24,440
- Financial charges -€699
down €699 (-21.8%), from €3,203 to €2,504
- Other operating charges +€393
up €393 (+171%), from €230 to €623
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 | €69,068 | €63,280 | -€5,788 | -8.4% |
| Fixed assets | 21/28 | €52,729 | €50,584 | -€2,145 | -4.1% |
| Tangible fixed assets | 22/27 | €40,935 | €28,988 | -€11,947 | -29.2% |
| Furniture and vehicles | 24 | €36,875 | €25,427 | -€11,448 | -31.0% |
| Other tangible fixed assets | 26 | €4,060 | €3,561 | -€500 | -12.3% |
| Financial fixed assets | 28 | €11,794 | €21,596 | +€9,802 | +83.1% |
| Current assets | 29/58 | €16,340 | €12,696 | -€3,643 | -22.3% |
| Amounts receivable within one year | 40/41 | €3,498 | €2,435 | -€1,064 | -30.4% |
| Trade receivables | 40 | €3,498 | €2,435 | -€1,064 | -30.4% |
| Cash at bank and in hand | 54/58 | €9,986 | €6,938 | -€3,047 | -30.5% |
| Deferred charges and accrued income | 490/1 | €2,856 | €3,323 | +€467 | +16.4% |
| Total equity and liabilities | 10/49 | €69,068 | €63,280 | -€5,788 | -8.4% |
| Equity | 10/15 | €16,266 | €22,348 | +€6,082 | +37.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €12,766 | €18,848 | +€6,082 | +47.6% |
| Distributable reserves | 133 | €12,766 | €18,848 | +€6,082 | +47.6% |
| Amounts payable | 17/49 | €52,802 | €40,931 | -€11,871 | -22.5% |
| Amounts payable after more than one year | 17 | €24,936 | €14,183 | -€10,754 | -43.1% |
| Other amounts payable | 178/9 | €24,936 | €14,183 | -€10,754 | -43.1% |
| Amounts payable within one year | 42/48 | €26,890 | €25,773 | -€1,117 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €10,254 | €10,754 | +€500 | +4.9% |
| Trade debts | 44 | €952 | €4,710 | +€3,758 | +395% |
| Suppliers | 440/4 | €952 | €4,710 | +€3,758 | +395% |
| Taxes, remuneration and social security | 45 | €5,321 | €965 | -€4,356 | -81.9% |
| Taxes | 450/3 | €5,321 | €965 | -€4,356 | -81.9% |
| Other amounts payable | 47/48 | €10,363 | €9,344 | -€1,019 | -9.8% |
| Accrued charges and deferred income | 492/3 | €976 | €976 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,944 | €11,947 | +€3 | 0.0% |
| Other operating charges | 640/8 | €230 | €623 | +€393 | +171% |
| Gross operating margin | 9900 | €25,639 | €24,440 | -€1,200 | -4.7% |
| Operating profit (loss) | 9901 | €13,465 | €11,753 | -€1,712 | -12.7% |
| Financial income | 75/76B | €51 | €287 | +€236 | +461% |
| Recurring financial income | 75 | €51 | €287 | +€236 | +461% |
| Financial charges | 65/66B | €3,203 | €2,504 | -€699 | -21.8% |
| Recurring financial charges | 65 | €3,203 | €2,504 | -€699 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €10,314 | €9,537 | -€777 | -7.5% |
| Income taxes | 67/77 | €3,658 | €3,454 | -€204 | -5.6% |
| Profit (loss) for the period | 9904 | €6,655 | €6,082 | -€573 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,655 | €6,082 | -€573 | -8.6% |
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 7 November 2026 via checked.be.