Ctrl-e: 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.
Ctrl-e
Largest movements
- Receivables after one year -€27,317
down €27,317 (-15.9%), from €171,396 to €144,080
- Cash -€19,839
down €19,839 (-56.4%), from €35,151 to €15,312
mainly Contributions, distributions and other (-€40,727) and Investment in fixed assets (net) (-€7,319)
- Receivables within one year +€6,395
up €6,395 (+58.6%), from €10,913 to €17,308
of which Trade receivables: +€11,301
- Tangible fixed assets +€6,242
up €6,242 (+234.2%), from €2,665 to €8,907
of which Furniture and vehicles: +€6,387
- Reserves -€28,633
down €28,633 (-15.1%), from €189,819 to €161,186
of which Distributable reserves: -€28,633
- Tax, wage and social debts -€4,572
down €4,572 (-33.0%), from €13,856 to €9,284
of which Remuneration and social security: -€2,542
- Advances received -€3,630
no longer reported in 2025 (was €3,630)
- Trade debts +€2,299
up €2,299 (+414.5%), from €555 to €2,854
- Gross operating margin -€27,659
down €27,659 (-68.8%), from €40,182 to €12,522
- Taxes -€7,598
down €7,598 (-60.7%), from €12,521 to €4,922
- Financial charges -€610
down €610 (-47.6%), from €1,281 to €672
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 | €220,261 | €185,727 | -€34,533 | -15.7% |
| Fixed assets | 21/28 | €2,665 | €8,907 | +€6,242 | +234.2% |
| Tangible fixed assets | 22/27 | €2,665 | €8,907 | +€6,242 | +234.2% |
| Plant, machinery and equipment | 23 | €145 | - | -€145 | |
| Furniture and vehicles | 24 | €2,521 | €8,907 | +€6,387 | +253.4% |
| Current assets | 29/58 | €217,595 | €176,820 | -€40,775 | -18.7% |
| Amounts receivable after more than one year | 29 | €171,396 | €144,080 | -€27,317 | -15.9% |
| Other amounts receivable | 291 | €171,396 | €144,080 | -€27,317 | -15.9% |
| Amounts receivable within one year | 40/41 | €10,913 | €17,308 | +€6,395 | +58.6% |
| Trade receivables | 40 | - | €11,301 | +€11,301 | |
| Other amounts receivable | 41 | €10,913 | €6,007 | -€4,906 | -45.0% |
| Cash at bank and in hand | 54/58 | €35,151 | €15,312 | -€19,839 | -56.4% |
| Deferred charges and accrued income | 490/1 | €135 | €120 | -€15 | -10.8% |
| Total equity and liabilities | 10/49 | €220,261 | €185,727 | -€34,533 | -15.7% |
| Equity | 10/15 | €202,219 | €173,586 | -€28,633 | -14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,819 | €161,186 | -€28,633 | -15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €314 | €314 | = | 0.0% |
| Distributable reserves | 133 | €187,645 | €159,012 | -€28,633 | -15.3% |
| Amounts payable | 17/49 | €18,041 | €12,141 | -€5,900 | -32.7% |
| Amounts payable within one year | 42/48 | €18,041 | €12,141 | -€5,900 | -32.7% |
| Trade debts | 44 | €555 | €2,854 | +€2,299 | +414.5% |
| Suppliers | 440/4 | €555 | €2,854 | +€2,299 | +414.5% |
| Advances received on contracts in progress | 46 | €3,630 | - | -€3,630 | |
| Taxes, remuneration and social security | 45 | €13,856 | €9,284 | -€4,572 | -33.0% |
| Taxes | 450/3 | €11,315 | €9,284 | -€2,030 | -17.9% |
| Remuneration and social security | 454/9 | €2,542 | - | -€2,542 | |
| Other amounts payable | 47/48 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €1,077 | +€169 | +18.6% |
| Other operating charges | 640/8 | €425 | €254 | -€171 | -40.2% |
| Gross operating margin | 9900 | €40,182 | €12,522 | -€27,659 | -68.8% |
| Operating profit (loss) | 9901 | €38,849 | €11,192 | -€27,657 | -71.2% |
| Financial income | 75/76B | €6,849 | €6,496 | -€353 | -5.2% |
| Recurring financial income | 75 | €6,849 | €6,496 | -€353 | -5.2% |
| Financial charges | 65/66B | €1,281 | €672 | -€610 | -47.6% |
| Recurring financial charges | 65 | €1,281 | €672 | -€610 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €44,416 | €17,017 | -€27,400 | -61.7% |
| Income taxes | 67/77 | €12,521 | €4,922 | -€7,598 | -60.7% |
| Profit (loss) for the period | 9904 | €31,896 | €12,094 | -€19,802 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,896 | €12,094 | -€19,802 | -62.1% |
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 7 October 2026 via checked.be.