CTW Cleaning Systems: 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.
CTW Cleaning Systems
Largest movements
- Cash +€1.6m
up €1.6m (+123%), from €1.3m to €2.9m
mainly Current investments (+€750,000) and Net result for the year (+€713,418)
- Current investments -€750,000
down €750,000 (-100%), from €750,000 to €0
- Receivables within one year -€149,506
down €149,506 (-23.1%), from €647,780 to €498,274
of which Trade receivables: -€190,069
- Stocks and contracts +€57,801
up €57,801 (+3.7%), from €1.6m to €1.6m
of which Stocks: +€123,937
- Other debts +€614,405
up €614,405 (+79.0%), from €777,734 to €1.4m
- Advances received +€424,481
up €424,481 (+19.3%), from €2.2m to €2.6m
- Trade debts -€187,134
down €187,134 (-57.8%), from €323,860 to €136,726
- Reserves -€106,582
down €106,582 (-9.6%), from €1.1m to €1.0m
of which Distributable reserves: -€106,582
- Gross operating margin +€115,547
up €115,547 (+10.1%), from €1.1m to €1.3m
- Staff costs -€106,845
down €106,845 (-27.2%), from €392,807 to €285,962
- Write-downs +€47,734
up €47,734, from -€43,223 to €4,511
- Taxes +€25,892
up €25,892 (+20.2%), from €127,995 to €153,886
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 | €4,694,294 | €5,440,776 | +€746,482 | +15.9% |
| Fixed assets | 21/28 | €400,948 | €386,187 | -€14,761 | -3.7% |
| Intangible fixed assets | 21 | €8,576 | €2,976 | -€5,600 | -65.3% |
| Tangible fixed assets | 22/27 | €392,332 | €383,170 | -€9,161 | -2.3% |
| Land and buildings | 22 | €192,353 | €192,353 | = | 0.0% |
| Plant, machinery and equipment | 23 | €68,042 | €43,930 | -€24,112 | -35.4% |
| Furniture and vehicles | 24 | €125,622 | €143,657 | +€18,035 | +14.4% |
| Other tangible fixed assets | 26 | €6,315 | €3,231 | -€3,084 | -48.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €4,293,345 | €5,054,589 | +€761,243 | +17.7% |
| Amounts receivable after more than one year | 29 | €500 | €0 | -€500 | -100% |
| Other amounts receivable | 291 | €500 | €0 | -€500 | -100% |
| Stocks and contracts in progress | 3 | €1,553,374 | €1,611,175 | +€57,801 | +3.7% |
| Stocks | 30/36 | €516,974 | €640,911 | +€123,937 | +24.0% |
| Contracts in progress | 37 | €1,036,400 | €970,264 | -€66,136 | -6.4% |
| Amounts receivable within one year | 40/41 | €647,780 | €498,274 | -€149,506 | -23.1% |
| Trade receivables | 40 | €647,780 | €457,711 | -€190,069 | -29.3% |
| Other amounts receivable | 41 | €0 | €40,563 | +€40,563 | |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,319,267 | €2,939,220 | +€1.6m | +123% |
| Deferred charges and accrued income | 490/1 | €22,425 | €5,919 | -€16,506 | -73.6% |
| Total equity and liabilities | 10/49 | €4,694,294 | €5,440,776 | +€746,482 | +15.9% |
| Equity | 10/15 | €1,300,000 | €1,193,418 | -€106,582 | -8.2% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €1,114,000 | €1,007,418 | -€106,582 | -9.6% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €1,095,400 | €988,818 | -€106,582 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,394,294 | €4,247,357 | +€853,063 | +25.1% |
| Amounts payable within one year | 42/48 | €3,386,354 | €4,228,487 | +€842,133 | +24.9% |
| Trade debts | 44 | €323,860 | €136,726 | -€187,134 | -57.8% |
| Suppliers | 440/4 | €323,860 | €136,726 | -€187,134 | -57.8% |
| Advances received on contracts in progress | 46 | €2,193,775 | €2,618,257 | +€424,481 | +19.3% |
| Taxes, remuneration and social security | 45 | €90,985 | €81,365 | -€9,620 | -10.6% |
| Taxes | 450/3 | €53,961 | €61,326 | +€7,364 | +13.6% |
| Remuneration and social security | 454/9 | €37,023 | €20,039 | -€16,984 | -45.9% |
| Other amounts payable | 47/48 | €777,734 | €1,392,140 | +€614,405 | +79.0% |
| Accrued charges and deferred income | 492/3 | €7,940 | €18,870 | +€10,930 | +138% |
| Non-recurring operating income | 76A | - | €5,919 | +€5,919 | |
| Remuneration, social security and pensions | 62 | €392,807 | €285,962 | -€106,845 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,678 | €61,280 | +€4,602 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,223 | €4,511 | +€47,734 | |
| Other operating charges | 640/8 | €43,304 | €36,636 | -€6,668 | -15.4% |
| Gross operating margin | 9900 | €1,139,163 | €1,254,710 | +€115,547 | +10.1% |
| Operating profit (loss) | 9901 | €689,596 | €866,321 | +€176,725 | +25.6% |
| Financial income | 75/76B | €25,227 | €16,324 | -€8,903 | -35.3% |
| Recurring financial income | 75 | €25,227 | €16,324 | -€8,903 | -35.3% |
| Financial charges | 65/66B | €8,004 | €15,340 | +€7,336 | +91.7% |
| Recurring financial charges | 65 | €8,004 | €15,340 | +€7,336 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €706,819 | €867,305 | +€160,486 | +22.7% |
| Income taxes | 67/77 | €127,995 | €153,886 | +€25,892 | +20.2% |
| Profit (loss) for the period | 9904 | €578,825 | €713,418 | +€134,594 | +23.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €578,825 | €713,418 | +€134,594 | +23.3% |
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 27 October 2026 via checked.be.