CTS: 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.
CTS
Largest movements
- Tangible fixed assets -€20,065
down €20,065 (-13.3%), from €150,780 to €130,715
of which Land and buildings: -€13,977
- Receivables within one year +€7,799
up €7,799 (+60.3%), from €12,932 to €20,731
of which Trade receivables: +€7,799
- Stocks and contracts +€5,904
up €5,904 (+7.3%), from €81,044 to €86,948
- Trade debts -€13,589
down €13,589 (-51.3%), from €26,488 to €12,898
- Other debts +€3,631
up €3,631 (+5.8%), from €63,098 to €66,729
- Gross operating margin +€21,608
up €21,608 (+10.4%), from €208,043 to €229,651
- Staff costs +€20,214
up €20,214 (+16.2%), from €124,703 to €144,916
- Depreciation -€2,972
down €2,972 (-8.8%), from €33,714 to €30,742
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.
Derived cash bridge
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 | €325,479 | €316,784 | -€8,694 | -2.7% |
| Fixed assets | 21/28 | €150,780 | €130,715 | -€20,065 | -13.3% |
| Tangible fixed assets | 22/27 | €150,780 | €130,715 | -€20,065 | -13.3% |
| Land and buildings | 22 | €91,802 | €77,825 | -€13,977 | -15.2% |
| Plant, machinery and equipment | 23 | €13,670 | €20,069 | +€6,399 | +46.8% |
| Furniture and vehicles | 24 | €45,308 | €32,821 | -€12,488 | -27.6% |
| Current assets | 29/58 | €174,699 | €186,070 | +€11,371 | +6.5% |
| Stocks and contracts in progress | 3 | €81,044 | €86,948 | +€5,904 | +7.3% |
| Stocks | 30/36 | €81,044 | €86,948 | +€5,904 | +7.3% |
| Amounts receivable within one year | 40/41 | €12,932 | €20,731 | +€7,799 | +60.3% |
| Trade receivables | 40 | €12,898 | €20,697 | +€7,799 | +60.5% |
| Other amounts receivable | 41 | €34 | €34 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,723 | €78,391 | -€2,332 | -2.9% |
| Total equity and liabilities | 10/49 | €325,479 | €316,784 | -€8,694 | -2.7% |
| Equity | 10/15 | €194,704 | €194,704 | = | 0.0% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €62,704 | €62,704 | = | 0.0% |
| Distributable reserves | 133 | €62,704 | €62,704 | = | 0.0% |
| Amounts payable | 17/49 | €130,775 | €122,080 | -€8,694 | -6.6% |
| Amounts payable within one year | 42/48 | €130,775 | €122,080 | -€8,694 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,692 | +€2,692 | |
| Trade debts | 44 | €26,488 | €12,898 | -€13,589 | -51.3% |
| Suppliers | 440/4 | €26,488 | €12,898 | -€13,589 | -51.3% |
| Taxes, remuneration and social security | 45 | €41,189 | €39,761 | -€1,428 | -3.5% |
| Taxes | 450/3 | €19,213 | €18,457 | -€757 | -3.9% |
| Remuneration and social security | 454/9 | €21,976 | €21,304 | -€671 | -3.1% |
| Other amounts payable | 47/48 | €63,098 | €66,729 | +€3,631 | +5.8% |
| Non-recurring operating income | 76A | €2,638 | - | -€2,638 | |
| Remuneration, social security and pensions | 62 | €124,703 | €144,916 | +€20,214 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,714 | €30,742 | -€2,972 | -8.8% |
| Other operating charges | 640/8 | €3,909 | €4,775 | +€866 | +22.2% |
| Gross operating margin | 9900 | €208,043 | €229,651 | +€21,608 | +10.4% |
| Operating profit (loss) | 9901 | €45,717 | €49,218 | +€3,500 | +7.7% |
| Financial income | 75/76B | €559 | - | -€559 | |
| Recurring financial income | 75 | €559 | - | -€559 | |
| Financial charges | 65/66B | €1,369 | €271 | -€1,099 | -80.2% |
| Recurring financial charges | 65 | €1,369 | €271 | -€1,099 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €44,907 | €48,947 | +€4,040 | +9.0% |
| Income taxes | 67/77 | €12,954 | €13,363 | +€409 | +3.2% |
| Profit (loss) for the period | 9904 | €31,953 | €35,584 | +€3,631 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,953 | €35,584 | +€3,631 | +11.4% |
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 26 October 2026 via checked.be.