CTN: 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.
CTN
Largest movements
- Deferred charges and accrued income -€16,450
down €16,450 (-74.2%), from €22,169 to €5,719
- Receivables within one year +€7,364
up €7,364 (+58.9%), from €12,511 to €19,875
- Tangible fixed assets -€4,720
down €4,720 (-52.8%), from €8,936 to €4,216
- Cash +€1,401
up €1,401 (+57.3%), from €2,442 to €3,843
mainly Deferred charges and accrued income (+€16,450) and Tax, wage and social debts (+€5,970)
- Other debts -€14,550
down €14,550 (-61.4%), from €23,711 to €9,161
- Tax, wage and social debts +€5,970
new in 2025: €5,970
- Profit (loss) carried forward -€3,023
down €3,023, from €68 to -€2,955
- Accrued charges and deferred income -€621
no longer reported in 2025 (was €621)
- Gross operating margin -€30,211
down €30,211 (-89.2%), from €33,885 to €3,673
- Taxes -€7,119
down €7,119 (-95.1%), from €7,489 to €370
- Other operating charges -€459
down €459 (-53.4%), from €858 to €400
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 | €46,623 | €34,218 | -€12,405 | -26.6% |
| Fixed assets | 21/28 | €9,500 | €4,780 | -€4,720 | -49.7% |
| Tangible fixed assets | 22/27 | €8,936 | €4,216 | -€4,720 | -52.8% |
| Furniture and vehicles | 24 | €8,936 | €4,216 | -€4,720 | -52.8% |
| Financial fixed assets | 28 | €565 | €565 | = | 0.0% |
| Current assets | 29/58 | €37,123 | €29,437 | -€7,685 | -20.7% |
| Amounts receivable within one year | 40/41 | €12,511 | €19,875 | +€7,364 | +58.9% |
| Other amounts receivable | 41 | €12,511 | €19,875 | +€7,364 | +58.9% |
| Cash at bank and in hand | 54/58 | €2,442 | €3,843 | +€1,401 | +57.3% |
| Deferred charges and accrued income | 490/1 | €22,169 | €5,719 | -€16,450 | -74.2% |
| Total equity and liabilities | 10/49 | €46,623 | €34,218 | -€12,405 | -26.6% |
| Equity | 10/15 | €20,528 | €17,505 | -€3,023 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68 | -€2,955 | -€3,023 | |
| Amounts payable | 17/49 | €26,095 | €16,713 | -€9,382 | -36.0% |
| Amounts payable within one year | 42/48 | €25,474 | €16,713 | -€8,761 | -34.4% |
| Trade debts | 44 | €1,763 | €1,582 | -€181 | -10.3% |
| Suppliers | 440/4 | €1,763 | €1,582 | -€181 | -10.3% |
| Taxes, remuneration and social security | 45 | - | €5,970 | +€5,970 | |
| Taxes | 450/3 | - | €5,970 | +€5,970 | |
| Other amounts payable | 47/48 | €23,711 | €9,161 | -€14,550 | -61.4% |
| Accrued charges and deferred income | 492/3 | €621 | - | -€621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,720 | €4,720 | = | 0.0% |
| Other operating charges | 640/8 | €858 | €400 | -€459 | -53.4% |
| Gross operating margin | 9900 | €33,885 | €3,673 | -€30,211 | -89.2% |
| Operating profit (loss) | 9901 | €28,307 | -€1,446 | -€29,753 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €990 | €1,208 | +€218 | +22.1% |
| Recurring financial charges | 65 | €990 | €1,208 | +€218 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €27,317 | -€2,654 | -€29,971 | |
| Income taxes | 67/77 | €7,489 | €370 | -€7,119 | -95.1% |
| Profit (loss) for the period | 9904 | €19,829 | -€3,023 | -€22,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,829 | -€3,023 | -€22,852 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.