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CtrlService: 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.

What changed

CtrlService

BE 0800.531.397
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,976
2024 · €19,591+€9,385
Equity
€86,843
2024 · €57,868+€28,976
Cash
€4
2024 · €16-€12
Balance sheet total
€131,332
2024 · €89,524+€41,808

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€46,747

    up €46,747 (+112.0%), from €41,722 to €88,470

    of which Other amounts receivable: +€55,510

  • Tangible fixed assets -€11,305

    down €11,305 (-24.0%), from €47,013 to €35,708

    of which Furniture and vehicles: -€7,533

  • Deferred charges and accrued income +€6,378

    up €6,378 (+825.9%), from €772 to €7,151

Equity and liabilities
  • Reserves +€28,976

    up €28,976 (+54.8%), from €52,868 to €81,843

  • Short-term financial debts +€10,901

    new in 2025: €10,901

  • Tax, wage and social debts +€1,973

    up €1,973 (+12.2%), from €16,122 to €18,095

  • Trade debts -€1,574

    down €1,574 (-10.1%), from €15,534 to €13,960

  • Advances received +€1,533

    new in 2025: €1,533

Income statement
  • Gross operating margin -€15,599

    down €15,599 (-26.1%), from €59,764 to €44,165

  • Depreciation -€13,120

    down €13,120 (-66.8%), from €19,628 to €6,507

  • Financial income +€9,731

    up €9,731 (+18106.9%), from €54 to €9,784

    of which Non-recurring financial income: +€7,816

  • Taxes -€2,349

    down €2,349 (-12.3%), from €19,073 to €16,724

  • Financial charges +€642

    up €642 (+69.5%), from €925 to €1,567

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €19,591
Gross operating margin -€15,599
Depreciation +€13,120
Other operating charges +€425
Financial income +€9,731
Financial charges -€642
Taxes +€2,349
Result 2025 €28,976

Cash bridge derived

cash 2024 to 2025

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.

From operations -€15,710
Investment +€4,798
Financing +€10,901
Cash 2024 €16
Net result for the year +€28,976
Depreciation +€6,507
Receivables within one year -€46,747
Deferred charges and accrued income -€6,378
Trade debts -€1,574
Tax, wage and social debts +€1,973
Advances received +€1,533
Investment in fixed assets (net) +€4,798
Short-term financial debts +€10,901
Cash 2025 €4
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €89,524 €131,332 +€41,808 +46.7%
Fixed assets 21/28 €47,013 €35,708 -€11,305 -24.0%
Tangible fixed assets 22/27 €47,013 €35,708 -€11,305 -24.0%
Plant, machinery and equipment 23 €28,812 €25,039 -€3,773 -13.1%
Furniture and vehicles 24 €18,202 €10,669 -€7,533 -41.4%
Current assets 29/58 €42,510 €95,624 +€53,114 +124.9%
Amounts receivable within one year 40/41 €41,722 €88,470 +€46,747 +112.0%
Trade receivables 40 €31,847 €23,084 -€8,763 -27.5%
Other amounts receivable 41 €9,876 €65,386 +€55,510 +562.1%
Cash at bank and in hand 54/58 €16 €4 -€12 -74.7%
Deferred charges and accrued income 490/1 €772 €7,151 +€6,378 +825.9%
Total equity and liabilities 10/49 €89,524 €131,332 +€41,808 +46.7%
Equity 10/15 €57,868 €86,843 +€28,976 +50.1%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €52,868 €81,843 +€28,976 +54.8%
Distributable reserves 133 €52,868 €81,843 +€28,976 +54.8%
Amounts payable 17/49 €31,656 €44,489 +€12,833 +40.5%
Amounts payable within one year 42/48 €31,656 €44,489 +€12,833 +40.5%
Financial debts 43 - €10,901 +€10,901
Credit institutions 430/8 - €10,901 +€10,901
Trade debts 44 €15,534 €13,960 -€1,574 -10.1%
Suppliers 440/4 €15,534 €13,960 -€1,574 -10.1%
Advances received on contracts in progress 46 - €1,533 +€1,533
Taxes, remuneration and social security 45 €16,122 €18,095 +€1,973 +12.2%
Taxes 450/3 €16,122 €18,095 +€1,973 +12.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €19,628 €6,507 -€13,120 -66.8%
Other operating charges 640/8 €600 €175 -€425 -70.8%
Gross operating margin 9900 €59,764 €44,165 -€15,599 -26.1%
Operating profit (loss) 9901 €39,536 €37,482 -€2,053 -5.2%
Financial income 75/76B €54 €9,784 +€9,731 +18106.9%
Recurring financial income 75 €54 €1,969 +€1,915 +3563.1%
Non-recurring financial income 76B - €7,816 +€7,816
Financial charges 65/66B €925 €1,567 +€642 +69.5%
Recurring financial charges 65 €925 €1,567 +€642 +69.5%
Profit (loss) for the period before taxes 9903 €38,665 €45,700 +€7,035 +18.2%
Income taxes 67/77 €19,073 €16,724 -€2,349 -12.3%
Profit (loss) for the period 9904 €19,591 €28,976 +€9,385 +47.9%
Profit (loss) for the period to be appropriated 9905 €19,591 €28,976 +€9,385 +47.9%

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 30 September 2026 via checked.be.