CTSI: 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.
CTSI
Largest movements
- Deferred charges and accrued income +€28,083
up €28,083 (+334.5%), from €8,396 to €36,479
- Tangible fixed assets -€19,053
down €19,053 (-31.1%), from €61,329 to €42,276
of which Furniture and vehicles: -€16,558
- Receivables within one year -€13,014
down €13,014 (-11.7%), from €111,556 to €98,542
of which Trade receivables: -€19,756
- Trade debts +€30,530
up €30,530 (+100.4%), from €30,402 to €60,932
- Tax, wage and social debts -€24,397
down €24,397 (-74.6%), from €32,700 to €8,302
- Current portion of long-term debt -€7,076
down €7,076 (-69.0%), from €10,253 to €3,178
- Debts after one year -€3,178
down €3,178 (-100.0%), from €3,178 to €0
- Write-downs +€90,788
new in 2025: €90,788
- Taxes -€29,315
down €29,315 (-86.0%), from €34,104 to €4,789
- Depreciation +€1,987
up €1,987 (+11.6%), from €17,066 to €19,053
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 | €205,700 | €203,241 | -€2,459 | -1.2% |
| Fixed assets | 21/28 | €68,379 | €49,326 | -€19,053 | -27.9% |
| Tangible fixed assets | 22/27 | €61,329 | €42,276 | -€19,053 | -31.1% |
| Plant, machinery and equipment | 23 | €7,341 | €4,846 | -€2,495 | -34.0% |
| Furniture and vehicles | 24 | €53,988 | €37,430 | -€16,558 | -30.7% |
| Financial fixed assets | 28 | €7,050 | €7,050 | = | 0.0% |
| Current assets | 29/58 | €137,322 | €153,915 | +€16,594 | +12.1% |
| Amounts receivable within one year | 40/41 | €111,556 | €98,542 | -€13,014 | -11.7% |
| Trade receivables | 40 | €99,252 | €79,496 | -€19,756 | -19.9% |
| Other amounts receivable | 41 | €12,304 | €19,046 | +€6,742 | +54.8% |
| Cash at bank and in hand | 54/58 | €17,369 | €18,894 | +€1,525 | +8.8% |
| Deferred charges and accrued income | 490/1 | €8,396 | €36,479 | +€28,083 | +334.5% |
| Total equity and liabilities | 10/49 | €205,700 | €203,241 | -€2,459 | -1.2% |
| Equity | 10/15 | €128,327 | €129,999 | +€1,672 | +1.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €124,215 | €125,887 | +€1,672 | +1.3% |
| Distributable reserves | 133 | €124,215 | €125,887 | +€1,672 | +1.3% |
| Profit (loss) carried forward | 14 | €1,612 | €1,612 | = | 0.0% |
| Amounts payable | 17/49 | €77,374 | €73,243 | -€4,131 | -5.3% |
| Amounts payable after more than one year | 17 | €3,178 | €0 | -€3,178 | -100.0% |
| Financial debts | 170/4 | €3,178 | €0 | -€3,178 | -100.0% |
| Amounts payable within one year | 42/48 | €73,355 | €72,412 | -€943 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,253 | €3,178 | -€7,076 | -69.0% |
| Trade debts | 44 | €30,402 | €60,932 | +€30,530 | +100.4% |
| Suppliers | 440/4 | €30,402 | €60,932 | +€30,530 | +100.4% |
| Taxes, remuneration and social security | 45 | €32,700 | €8,302 | -€24,397 | -74.6% |
| Taxes | 450/3 | €32,700 | €8,302 | -€24,397 | -74.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €841 | €830 | -€10 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,066 | €19,053 | +€1,987 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €90,788 | +€90,788 | |
| Other operating charges | 640/8 | €370 | €787 | +€417 | +112.8% |
| Gross operating margin | 9900 | €117,737 | €116,773 | -€964 | -0.8% |
| Operating profit (loss) | 9901 | €100,301 | €6,144 | -€94,157 | -93.9% |
| Financial income | 75/76B | €178 | €578 | +€400 | +225.3% |
| Recurring financial income | 75 | €178 | €578 | +€400 | +225.3% |
| Financial charges | 65/66B | €612 | €261 | -€351 | -57.3% |
| Recurring financial charges | 65 | €612 | €261 | -€351 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €99,867 | €6,461 | -€93,406 | -93.5% |
| Income taxes | 67/77 | €34,104 | €4,789 | -€29,315 | -86.0% |
| Profit (loss) for the period | 9904 | €65,763 | €1,672 | -€64,091 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,763 | €1,672 | -€64,091 | -97.5% |
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 4 October 2026 via checked.be.