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
- Deferred charges and accrued income +€98,836
up €98,836 (+3,002%), from €3,293 to €102,129
- Receivables within one year +€17,385
up €17,385 (+151%), from €11,478 to €28,863
of which Other amounts receivable: +€11,541
- Tangible fixed assets -€10,107
down €10,107 (-15.5%), from €65,075 to €54,968
- Cash -€4,076
down €4,076 (-13.5%), from €30,228 to €26,151
mainly Deferred charges and accrued income (-€98,836) and Receivables within one year (-€17,385)
- Stocks and contracts +€3,265
up €3,265 (+69.3%), from €4,713 to €7,978
- Trade debts +€116,418
up €116,418 (+739%), from €15,761 to €132,179
- Tax, wage and social debts -€8,052
down €8,052 (-28.4%), from €28,351 to €20,299
of which Taxes: -€7,784
- Current portion of long-term debt -€7,000
down €7,000 (-75.0%), from €9,333 to €2,333
- Accrued charges and deferred income +€5,600
up €5,600 (+30.4%), from €18,400 to €24,000
- Advances received -€2,902
no longer reported in 2025 (was €2,902)
- Gross operating margin +€4,014
up €4,014 (+2.3%), from €178,149 to €182,163
- Staff costs +€2,819
up €2,819 (+1.8%), from €153,789 to €156,608
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 | €114,787 | €220,089 | +€105,302 | +91.7% |
| Fixed assets | 21/28 | €65,075 | €54,968 | -€10,107 | -15.5% |
| Tangible fixed assets | 22/27 | €65,075 | €54,968 | -€10,107 | -15.5% |
| Plant, machinery and equipment | 23 | €16,594 | €12,033 | -€4,561 | -27.5% |
| Furniture and vehicles | 24 | €2,439 | €1,768 | -€672 | -27.5% |
| Other tangible fixed assets | 26 | €46,042 | €41,167 | -€4,875 | -10.6% |
| Current assets | 29/58 | €49,712 | €165,121 | +€115,409 | +232% |
| Stocks and contracts in progress | 3 | €4,713 | €7,978 | +€3,265 | +69.3% |
| Stocks | 30/36 | €4,713 | €7,978 | +€3,265 | +69.3% |
| Amounts receivable within one year | 40/41 | €11,478 | €28,863 | +€17,385 | +151% |
| Trade receivables | 40 | €541 | €6,384 | +€5,844 | +1,081% |
| Other amounts receivable | 41 | €10,937 | €22,478 | +€11,541 | +106% |
| Cash at bank and in hand | 54/58 | €30,228 | €26,151 | -€4,076 | -13.5% |
| Deferred charges and accrued income | 490/1 | €3,293 | €102,129 | +€98,836 | +3,002% |
| Total equity and liabilities | 10/49 | €114,787 | €220,089 | +€105,302 | +91.7% |
| Equity | 10/15 | €37,290 | €37,934 | +€644 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,153 | €12,797 | +€644 | +5.3% |
| Distributable reserves | 133 | €12,153 | €12,797 | +€644 | +5.3% |
| Profit (loss) carried forward | 14 | €12,737 | €12,737 | = | 0.0% |
| Amounts payable | 17/49 | €77,497 | €182,155 | +€104,658 | +135% |
| Amounts payable after more than one year | 17 | €1,555 | - | -€1,555 | |
| Financial debts | 170/4 | €1,555 | - | -€1,555 | |
| Amounts payable within one year | 42/48 | €57,541 | €158,155 | +€100,614 | +175% |
| Current portion of amounts payable after more than one year | 42 | €9,333 | €2,333 | -€7,000 | -75.0% |
| Trade debts | 44 | €15,761 | €132,179 | +€116,418 | +739% |
| Suppliers | 440/4 | €15,761 | €132,179 | +€116,418 | +739% |
| Advances received on contracts in progress | 46 | €2,902 | - | -€2,902 | |
| Taxes, remuneration and social security | 45 | €28,351 | €20,299 | -€8,052 | -28.4% |
| Taxes | 450/3 | €11,057 | €3,274 | -€7,784 | -70.4% |
| Remuneration and social security | 454/9 | €17,294 | €17,025 | -€268 | -1.6% |
| Other amounts payable | 47/48 | €1,194 | €3,344 | +€2,150 | +180% |
| Accrued charges and deferred income | 492/3 | €18,400 | €24,000 | +€5,600 | +30.4% |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €153,789 | €156,608 | +€2,819 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,687 | €10,107 | +€421 | +4.3% |
| Other operating charges | 640/8 | €8,715 | €8,511 | -€204 | -2.3% |
| Gross operating margin | 9900 | €178,149 | €182,163 | +€4,014 | +2.3% |
| Operating profit (loss) | 9901 | €5,959 | €6,937 | +€978 | +16.4% |
| Financial income | 75/76B | €212 | €862 | +€650 | +306% |
| Recurring financial income | 75 | €212 | €862 | +€650 | +306% |
| Financial charges | 65/66B | €1,921 | €1,946 | +€25 | +1.3% |
| Recurring financial charges | 65 | €1,921 | €1,946 | +€25 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €4,249 | €5,852 | +€1,603 | +37.7% |
| Income taxes | 67/77 | €2,242 | €2,309 | +€66 | +3.0% |
| Profit (loss) for the period | 9904 | €2,007 | €3,544 | +€1,537 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,007 | €3,544 | +€1,537 | +76.6% |
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 19 October 2026 via checked.be.