CTR 13: 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.
CTR 13
Largest movements
- Tangible fixed assets +€4,824
up €4,824 (+55.8%), from €8,645 to €13,469
of which Furniture and vehicles: +€5,974
- Financial fixed assets -€4,292
down €4,292 (-89.2%), from €4,813 to €521
- Cash -€4,246
down €4,246 (-67.3%), from €6,312 to €2,066
mainly Investment in fixed assets (net) (-€4,607) and Net result for the year (-€3,435)
- Short-term financial debts +€3,947
up €3,947 (+21.8%), from €18,076 to €22,023
- Profit (loss) carried forward -€3,435
down €3,435 (-7.6%), from -€44,928 to -€48,363
- Current portion of long-term debt -€2,281
down €2,281 (-29.9%), from €7,627 to €5,346
- Tax, wage and social debts -€1,424
down €1,424 (-7.2%), from €19,679 to €18,255
of which Remuneration and social security: -€3,072
- Gross operating margin +€11,666
up €11,666 (+10.5%), from €111,370 to €123,036
- Depreciation +€3,242
up €3,242 (+389.2%), from €833 to €4,075
- Staff costs -€3,045
down €3,045 (-2.8%), from €107,369 to €104,324
- Other operating charges +€2,750
up €2,750 (+208.0%), from €1,322 to €4,072
- Financial charges +€2,334
up €2,334 (+32.7%), from €7,148 to €9,482
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 | €74,260 | €70,693 | -€3,567 | -4.8% |
| Fixed assets | 21/28 | €13,458 | €13,990 | +€532 | +4.0% |
| Tangible fixed assets | 22/27 | €8,645 | €13,469 | +€4,824 | +55.8% |
| Plant, machinery and equipment | 23 | €5,678 | €4,528 | -€1,150 | -20.3% |
| Furniture and vehicles | 24 | €2,967 | €8,941 | +€5,974 | +201.3% |
| Financial fixed assets | 28 | €4,813 | €521 | -€4,292 | -89.2% |
| Current assets | 29/58 | €60,802 | €56,703 | -€4,099 | -6.7% |
| Stocks and contracts in progress | 3 | €10,337 | €10,521 | +€184 | +1.8% |
| Stocks | 30/36 | €10,337 | €10,521 | +€184 | +1.8% |
| Amounts receivable within one year | 40/41 | €43,316 | €43,378 | +€62 | +0.1% |
| Trade receivables | 40 | €34,665 | €36,486 | +€1,821 | +5.3% |
| Other amounts receivable | 41 | €8,651 | €6,892 | -€1,759 | -20.3% |
| Cash at bank and in hand | 54/58 | €6,312 | €2,066 | -€4,246 | -67.3% |
| Deferred charges and accrued income | 490/1 | €837 | €738 | -€99 | -11.8% |
| Total equity and liabilities | 10/49 | €74,260 | €70,693 | -€3,567 | -4.8% |
| Equity | 10/15 | €19,332 | €15,897 | -€3,435 | -17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,928 | -€48,363 | -€3,435 | -7.6% |
| Amounts payable | 17/49 | €54,928 | €54,796 | -€132 | -0.2% |
| Amounts payable within one year | 42/48 | €54,928 | €54,796 | -€132 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €7,627 | €5,346 | -€2,281 | -29.9% |
| Financial debts | 43 | €18,076 | €22,023 | +€3,947 | +21.8% |
| Credit institutions | 430/8 | €18,076 | €22,023 | +€3,947 | +21.8% |
| Trade debts | 44 | €9,546 | €9,172 | -€374 | -3.9% |
| Suppliers | 440/4 | €9,546 | €9,172 | -€374 | -3.9% |
| Taxes, remuneration and social security | 45 | €19,679 | €18,255 | -€1,424 | -7.2% |
| Taxes | 450/3 | €9,659 | €11,307 | +€1,648 | +17.1% |
| Remuneration and social security | 454/9 | €10,020 | €6,948 | -€3,072 | -30.7% |
| Remuneration, social security and pensions | 62 | €107,369 | €104,324 | -€3,045 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €4,075 | +€3,242 | +389.2% |
| Other operating charges | 640/8 | €1,322 | €4,072 | +€2,750 | +208.0% |
| Non-recurring operating charges | 66A | €2,048 | €4,526 | +€2,478 | +121.0% |
| Gross operating margin | 9900 | €111,370 | €123,036 | +€11,666 | +10.5% |
| Operating profit (loss) | 9901 | -€202 | €6,039 | +€6,241 | |
| Financial income | 75/76B | €77 | €8 | -€69 | -89.6% |
| Recurring financial income | 75 | €77 | €8 | -€69 | -89.6% |
| Financial charges | 65/66B | €7,148 | €9,482 | +€2,334 | +32.7% |
| Recurring financial charges | 65 | €7,148 | €9,482 | +€2,334 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,273 | -€3,435 | +€3,838 | +52.8% |
| Profit (loss) for the period | 9904 | -€7,273 | -€3,435 | +€3,838 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,273 | -€3,435 | +€3,838 | +52.8% |
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 11 October 2026 via checked.be.