BAL CHRISTOPHE: 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.
BAL CHRISTOPHE
Largest movements
- Tangible fixed assets -€2,900
down €2,900 (-70.6%), from €4,109 to €1,209
- Cash -€2,144
down €2,144 (-20.5%), from €10,471 to €8,327
mainly Current portion of long-term debt (-€2,608) and Other debts (-€2,509)
- Receivables within one year -€683
down €683 (-7.5%), from €9,080 to €8,397
of which Trade receivables: -€677
- Reserves +€6,508
new in 2025: €6,508
- Profit (loss) carried forward -€6,263
no longer reported in 2025 (was €6,263)
- Current portion of long-term debt -€2,608
no longer reported in 2025 (was €2,608)
- Other debts -€2,509
down €2,509 (-76.9%), from €3,262 to €753
- Trade debts -€2,181
down €2,181 (-52.2%), from €4,177 to €1,997
- Taxes +€4,040
up €4,040 (+370.5%), from €1,090 to €5,130
- Gross operating margin -€2,086
down €2,086 (-16.5%), from €12,608 to €10,522
- Staff costs -€1,946
no longer reported in 2025 (was €1,946)
- Financial charges -€607
down €607 (-76.7%), from €792 to €185
- Other operating charges -€155
down €155 (-7.0%), from €2,217 to €2,062
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 | €24,101 | €18,390 | -€5,712 | -23.7% |
| Fixed assets | 21/28 | €4,109 | €1,209 | -€2,900 | -70.6% |
| Tangible fixed assets | 22/27 | €4,109 | €1,209 | -€2,900 | -70.6% |
| Furniture and vehicles | 24 | €4,109 | €1,209 | -€2,900 | -70.6% |
| Current assets | 29/58 | €19,993 | €17,181 | -€2,812 | -14.1% |
| Amounts receivable within one year | 40/41 | €9,080 | €8,397 | -€683 | -7.5% |
| Trade receivables | 40 | €9,074 | €8,397 | -€677 | -7.5% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €10,471 | €8,327 | -€2,144 | -20.5% |
| Deferred charges and accrued income | 490/1 | €442 | €457 | +€15 | +3.4% |
| Total equity and liabilities | 10/49 | €24,101 | €18,390 | -€5,712 | -23.7% |
| Equity | 10/15 | €8,763 | €9,008 | +€246 | +2.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €6,508 | +€6,508 | |
| Distributable reserves | 133 | - | €6,508 | +€6,508 | |
| Profit (loss) carried forward | 14 | €6,263 | - | -€6,263 | |
| Amounts payable | 17/49 | €15,339 | €9,382 | -€5,957 | -38.8% |
| Amounts payable within one year | 42/48 | €15,339 | €9,382 | -€5,957 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €2,608 | - | -€2,608 | |
| Trade debts | 44 | €4,177 | €1,997 | -€2,181 | -52.2% |
| Suppliers | 440/4 | €4,177 | €1,997 | -€2,181 | -52.2% |
| Taxes, remuneration and social security | 45 | €5,291 | €6,632 | +€1,341 | +25.3% |
| Taxes | 450/3 | €5,291 | €6,632 | +€1,341 | +25.3% |
| Other amounts payable | 47/48 | €3,262 | €753 | -€2,509 | -76.9% |
| Non-recurring operating income | 76A | €3,782 | - | -€3,782 | |
| Remuneration, social security and pensions | 62 | €1,946 | - | -€1,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €2,900 | = | 0.0% |
| Other operating charges | 640/8 | €2,217 | €2,062 | -€155 | -7.0% |
| Gross operating margin | 9900 | €12,608 | €10,522 | -€2,086 | -16.5% |
| Operating profit (loss) | 9901 | €5,546 | €5,561 | +€15 | +0.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €792 | €185 | -€607 | -76.7% |
| Recurring financial charges | 65 | €792 | €185 | -€607 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €4,754 | €5,376 | +€622 | +13.1% |
| Income taxes | 67/77 | €1,090 | €5,130 | +€4,040 | +370.5% |
| Profit (loss) for the period | 9904 | €3,663 | €246 | -€3,418 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,663 | €246 | -€3,418 | -93.3% |
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 9 October 2026 via checked.be.