ctrld: 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.
ctrld
Largest movements
- Cash +€33,474
up €33,474 (+42.4%), from €78,970 to €112,444
mainly Net result for the year (+€34,915) and Depreciation (+€3,919)
- Reserves +€34,915
up €34,915 (+37.3%), from €93,645 to €128,560
- Gross operating margin +€1,611
up €1,611 (+3.3%), from €48,629 to €50,239
- Taxes +€1,037
up €1,037 (+11.4%), from €9,073 to €10,110
- Depreciation +€955
up €955 (+32.2%), from €2,963 to €3,919
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 | €117,983 | €151,914 | +€33,931 | +28.8% |
| Fixed assets | 21/28 | €8,422 | €8,838 | +€416 | +4.9% |
| Tangible fixed assets | 22/27 | €8,422 | €8,838 | +€416 | +4.9% |
| Plant, machinery and equipment | 23 | €4,117 | €1,932 | -€2,186 | -53.1% |
| Furniture and vehicles | 24 | €4,305 | €6,907 | +€2,601 | +60.4% |
| Current assets | 29/58 | €109,561 | €143,076 | +€33,515 | +30.6% |
| Amounts receivable within one year | 40/41 | €29,494 | €29,702 | +€208 | +0.7% |
| Trade receivables | 40 | €29,494 | €29,702 | +€208 | +0.7% |
| Cash at bank and in hand | 54/58 | €78,970 | €112,444 | +€33,474 | +42.4% |
| Deferred charges and accrued income | 490/1 | €1,098 | €930 | -€168 | -15.3% |
| Total equity and liabilities | 10/49 | €117,983 | €151,914 | +€33,931 | +28.8% |
| Equity | 10/15 | €98,645 | €133,560 | +€34,915 | +35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €93,645 | €128,560 | +€34,915 | +37.3% |
| Distributable reserves | 133 | €93,645 | €128,560 | +€34,915 | +37.3% |
| Amounts payable | 17/49 | €19,339 | €18,354 | -€984 | -5.1% |
| Amounts payable within one year | 42/48 | €18,787 | €18,354 | -€433 | -2.3% |
| Trade debts | 44 | €1,880 | €783 | -€1,096 | -58.3% |
| Suppliers | 440/4 | €1,880 | €783 | -€1,096 | -58.3% |
| Taxes, remuneration and social security | 45 | €16,620 | €17,299 | +€679 | +4.1% |
| Taxes | 450/3 | €16,620 | €17,299 | +€679 | +4.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €287 | €273 | -€15 | -5.1% |
| Accrued charges and deferred income | 492/3 | €552 | €0 | -€552 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €3,919 | +€955 | +32.2% |
| Other operating charges | 640/8 | €404 | €291 | -€113 | -28.0% |
| Gross operating margin | 9900 | €48,629 | €50,239 | +€1,611 | +3.3% |
| Operating profit (loss) | 9901 | €45,261 | €46,030 | +€769 | +1.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,244 | €1,005 | -€240 | -19.3% |
| Recurring financial charges | 65 | €1,244 | €1,005 | -€240 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €44,017 | €45,025 | +€1,009 | +2.3% |
| Income taxes | 67/77 | €9,073 | €10,110 | +€1,037 | +11.4% |
| Profit (loss) for the period | 9904 | €34,943 | €34,915 | -€28 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,943 | €34,915 | -€28 | -0.1% |
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 6 October 2026 via checked.be.