CTNTEX: 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.
CTNTEX
Largest movements
- Stocks and contracts +€345,212
up €345,212 (+72.7%), from €474,757 to €819,969
- Receivables within one year +€155,734
up €155,734 (+54.5%), from €285,613 to €441,347
of which Trade receivables: +€185,594
- Tangible fixed assets -€44,277
down €44,277 (-29.2%), from €151,429 to €107,152
of which Plant, machinery and equipment: -€41,486
- Cash +€17,877
up €17,877 (+122.8%), from €14,561 to €32,438
mainly Debts after one year (+€312,887) and Trade debts (+€136,209)
- Debts after one year +€312,887
up €312,887 (+248.2%), from €126,049 to €438,936
of which Financial debts: +€332,887
- Trade debts +€136,209
up €136,209 (+72.9%), from €186,945 to €323,154
- Other debts +€22,955
up €22,955 (+5.1%), from €452,036 to €474,991
- Staff costs +€37,775
up €37,775 (+353.9%), from €10,673 to €48,448
- Gross operating margin +€37,420
up €37,420 (+39.8%), from €94,121 to €131,541
- Financial charges +€14,354
up €14,354 (+407.4%), from €3,523 to €17,877
- Taxes -€2,509
down €2,509 (-46.9%), from €5,355 to €2,846
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 | €956,617 | €1,437,918 | +€481,301 | +50.3% |
| Fixed assets | 21/28 | €181,429 | €137,152 | -€44,277 | -24.4% |
| Tangible fixed assets | 22/27 | €151,429 | €107,152 | -€44,277 | -29.2% |
| Plant, machinery and equipment | 23 | €122,485 | €80,999 | -€41,486 | -33.9% |
| Furniture and vehicles | 24 | €28,944 | €26,153 | -€2,790 | -9.6% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €775,188 | €1,300,766 | +€525,578 | +67.8% |
| Stocks and contracts in progress | 3 | €474,757 | €819,969 | +€345,212 | +72.7% |
| Stocks | 30/36 | €474,757 | €819,969 | +€345,212 | +72.7% |
| Amounts receivable within one year | 40/41 | €285,613 | €441,347 | +€155,734 | +54.5% |
| Trade receivables | 40 | €92,063 | €277,658 | +€185,594 | +201.6% |
| Other amounts receivable | 41 | €193,549 | €163,689 | -€29,860 | -15.4% |
| Cash at bank and in hand | 54/58 | €14,561 | €32,438 | +€17,877 | +122.8% |
| Deferred charges and accrued income | 490/1 | €257 | €7,012 | +€6,755 | +2624.6% |
| Total equity and liabilities | 10/49 | €956,617 | €1,437,918 | +€481,301 | +50.3% |
| Equity | 10/15 | €169,297 | €176,677 | +€7,380 | +4.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,035 | €1,035 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,035 | €1,035 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,035 | €1,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,262 | €160,642 | +€7,380 | +4.8% |
| Amounts payable | 17/49 | €787,320 | €1,261,241 | +€473,921 | +60.2% |
| Amounts payable after more than one year | 17 | €126,049 | €438,936 | +€312,887 | +248.2% |
| Financial debts | 170/4 | €6,049 | €338,936 | +€332,887 | +5503.2% |
| Other amounts payable | 178/9 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Amounts payable within one year | 42/48 | €661,271 | €822,305 | +€161,034 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,819 | +€8,819 | |
| Trade debts | 44 | €186,945 | €323,154 | +€136,209 | +72.9% |
| Suppliers | 440/4 | €186,945 | €323,154 | +€136,209 | +72.9% |
| Taxes, remuneration and social security | 45 | €22,291 | €15,342 | -€6,948 | -31.2% |
| Taxes | 450/3 | €19,373 | €11,143 | -€8,231 | -42.5% |
| Remuneration and social security | 454/9 | €2,917 | €4,199 | +€1,282 | +44.0% |
| Other amounts payable | 47/48 | €452,036 | €474,991 | +€22,955 | +5.1% |
| Remuneration, social security and pensions | 62 | €10,673 | €48,448 | +€37,775 | +353.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,899 | €54,277 | +€378 | +0.7% |
| Other operating charges | 640/8 | €943 | €846 | -€97 | -10.3% |
| Gross operating margin | 9900 | €94,121 | €131,541 | +€37,420 | +39.8% |
| Operating profit (loss) | 9901 | €28,605 | €27,970 | -€635 | -2.2% |
| Financial income | 75/76B | €9 | €132 | +€123 | +1339.8% |
| Recurring financial income | 75 | €9 | €132 | +€123 | +1339.8% |
| Financial charges | 65/66B | €3,523 | €17,877 | +€14,354 | +407.4% |
| Recurring financial charges | 65 | €3,523 | €17,877 | +€14,354 | +407.4% |
| Profit (loss) for the period before taxes | 9903 | €25,091 | €10,226 | -€14,866 | -59.2% |
| Income taxes | 67/77 | €5,355 | €2,846 | -€2,509 | -46.9% |
| Profit (loss) for the period | 9904 | €19,737 | €7,380 | -€12,357 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,737 | €7,380 | -€12,357 | -62.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.