CTK: 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.
CTK
Largest movements
- Cash +€122,761
up €122,761 (+72.2%), from €170,055 to €292,816
mainly Net result for the year (+€157,844) and Depreciation (+€44,823)
- Receivables within one year +€17,795
up €17,795 (+82,347%), from €22 to €17,817
of which Trade receivables: +€12,691
- Tangible fixed assets -€13,038
down €13,038 (-5.9%), from €220,150 to €207,112
of which Other tangible fixed assets: -€7,985
- Intangible fixed assets -€6,720
no longer reported in 2025 (was €6,720)
- Reserves +€140,000
up €140,000 (+182%), from €76,860 to €216,860
- Other debts -€55,157
down €55,157 (-83.1%), from €66,392 to €11,235
- Tax, wage and social debts +€44,587
up €44,587 (+39.2%), from €113,856 to €158,443
of which Taxes: +€39,708
- Debts after one year -€20,059
down €20,059 (-17.5%), from €114,522 to €94,464
- Profit (loss) carried forward +€17,844
up €17,844 (+419%), from €4,258 to €22,102
- Gross operating margin +€314,913
up €314,913 (+63.7%), from €494,512 to €809,425
- Staff costs +€184,103
up €184,103 (+56.1%), from €328,355 to €512,458
- Taxes +€50,491
up €50,491 (+191%), from €26,407 to €76,898
- Financial charges -€8,893
down €8,893 (-53.2%), from €16,715 to €7,821
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 | €414,891 | €538,078 | +€123,186 | +29.7% |
| Fixed assets | 21/28 | €244,814 | €225,057 | -€19,758 | -8.1% |
| Intangible fixed assets | 21 | €6,720 | - | -€6,720 | |
| Tangible fixed assets | 22/27 | €220,150 | €207,112 | -€13,038 | -5.9% |
| Land and buildings | 22 | €898 | €281 | -€617 | -68.7% |
| Plant, machinery and equipment | 23 | €10,157 | €6,634 | -€3,524 | -34.7% |
| Furniture and vehicles | 24 | €53,498 | €52,585 | -€913 | -1.7% |
| Other tangible fixed assets | 26 | €155,598 | €147,613 | -€7,985 | -5.1% |
| Financial fixed assets | 28 | €17,945 | €17,945 | = | 0.0% |
| Current assets | 29/58 | €170,077 | €313,021 | +€142,944 | +84.0% |
| Amounts receivable within one year | 40/41 | €22 | €17,817 | +€17,795 | +82,347% |
| Trade receivables | 40 | - | €12,691 | +€12,691 | |
| Other amounts receivable | 41 | €22 | €5,126 | +€5,104 | +23,620% |
| Cash at bank and in hand | 54/58 | €170,055 | €292,816 | +€122,761 | +72.2% |
| Deferred charges and accrued income | 490/1 | - | €2,388 | +€2,388 | |
| Total equity and liabilities | 10/49 | €414,891 | €538,078 | +€123,186 | +29.7% |
| Equity | 10/15 | €87,318 | €245,162 | +€157,844 | +181% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,860 | €216,860 | +€140,000 | +182% |
| Distributable reserves | 133 | €76,860 | €216,860 | +€140,000 | +182% |
| Profit (loss) carried forward | 14 | €4,258 | €22,102 | +€17,844 | +419% |
| Amounts payable | 17/49 | €327,573 | €292,915 | -€34,658 | -10.6% |
| Amounts payable after more than one year | 17 | €114,522 | €94,464 | -€20,059 | -17.5% |
| Financial debts | 170/4 | €114,522 | €94,464 | -€20,059 | -17.5% |
| Amounts payable within one year | 42/48 | €213,051 | €198,451 | -€14,599 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €18,979 | €20,059 | +€1,080 | +5.7% |
| Trade debts | 44 | €13,824 | €8,716 | -€5,109 | -37.0% |
| Suppliers | 440/4 | €13,824 | €8,716 | -€5,109 | -37.0% |
| Taxes, remuneration and social security | 45 | €113,856 | €158,443 | +€44,587 | +39.2% |
| Taxes | 450/3 | €52,439 | €92,147 | +€39,708 | +75.7% |
| Remuneration and social security | 454/9 | €61,417 | €66,296 | +€4,879 | +7.9% |
| Other amounts payable | 47/48 | €66,392 | €11,235 | -€55,157 | -83.1% |
| Remuneration, social security and pensions | 62 | €328,355 | €512,458 | +€184,103 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,153 | €44,823 | +€7,670 | +20.6% |
| Other operating charges | 640/8 | €2,260 | €2,775 | +€515 | +22.8% |
| Non-recurring operating charges | 66A | - | €7,155 | +€7,155 | |
| Gross operating margin | 9900 | €494,512 | €809,425 | +€314,913 | +63.7% |
| Operating profit (loss) | 9901 | €126,744 | €242,214 | +€115,470 | +91.1% |
| Financial income | 75/76B | €86 | €349 | +€264 | +308% |
| Recurring financial income | 75 | €86 | €349 | +€264 | +308% |
| Financial charges | 65/66B | €16,715 | €7,821 | -€8,893 | -53.2% |
| Recurring financial charges | 65 | €16,715 | €7,821 | -€8,893 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €110,115 | €234,742 | +€124,627 | +113% |
| Income taxes | 67/77 | €26,407 | €76,898 | +€50,491 | +191% |
| Profit (loss) for the period | 9904 | €83,708 | €157,844 | +€74,136 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,708 | €157,844 | +€74,136 | +88.6% |
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 30 October 2026 via checked.be.