BORN 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.
BORN Christophe
Largest movements
- Tangible fixed assets -€31,549
down €31,549 (-9.1%), from €346,853 to €315,304
of which Land and buildings: -€21,790
- Cash -€20,709
down €20,709 (-23.2%), from €89,077 to €68,369
mainly Debts after one year (-€44,645) and Current portion of long-term debt (-€27,012)
- Debts after one year -€44,645
down €44,645 (-19.0%), from €234,782 to €190,137
- Current portion of long-term debt -€27,012
down €27,012 (-32.7%), from €82,536 to €55,524
- Profit (loss) carried forward +€21,390
up €21,390, from -€13,746 to €7,644
- Staff costs +€14,171
up €14,171 (+4.1%), from €347,235 to €361,406
- Gross operating margin +€9,451
up €9,451 (+2.1%), from €450,174 to €459,625
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 | €462,843 | €413,778 | -€49,065 | -10.6% |
| Fixed assets | 21/28 | €348,353 | €316,804 | -€31,549 | -9.1% |
| Tangible fixed assets | 22/27 | €346,853 | €315,304 | -€31,549 | -9.1% |
| Land and buildings | 22 | €261,936 | €240,146 | -€21,790 | -8.3% |
| Plant, machinery and equipment | 23 | €36,762 | €27,621 | -€9,141 | -24.9% |
| Furniture and vehicles | 24 | €48,156 | €47,538 | -€618 | -1.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €114,490 | €96,974 | -€17,516 | -15.3% |
| Stocks and contracts in progress | 3 | €14,716 | €15,073 | +€357 | +2.4% |
| Stocks | 30/36 | €14,716 | €15,073 | +€357 | +2.4% |
| Amounts receivable within one year | 40/41 | €10,521 | €13,269 | +€2,747 | +26.1% |
| Trade receivables | 40 | €10,521 | €13,269 | +€2,747 | +26.1% |
| Cash at bank and in hand | 54/58 | €89,077 | €68,369 | -€20,709 | -23.2% |
| Deferred charges and accrued income | 490/1 | €175 | €264 | +€89 | +51.0% |
| Total equity and liabilities | 10/49 | €462,843 | €413,778 | -€49,065 | -10.6% |
| Equity | 10/15 | €55,854 | €77,244 | +€21,390 | +38.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,746 | €7,644 | +€21,390 | |
| Amounts payable | 17/49 | €406,989 | €336,535 | -€70,454 | -17.3% |
| Amounts payable after more than one year | 17 | €234,782 | €190,137 | -€44,645 | -19.0% |
| Financial debts | 170/4 | €234,782 | €190,137 | -€44,645 | -19.0% |
| Amounts payable within one year | 42/48 | €169,807 | €143,948 | -€25,860 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €82,536 | €55,524 | -€27,012 | -32.7% |
| Trade debts | 44 | €14,259 | €17,506 | +€3,246 | +22.8% |
| Suppliers | 440/4 | €14,259 | €17,506 | +€3,246 | +22.8% |
| Taxes, remuneration and social security | 45 | €69,302 | €67,418 | -€1,884 | -2.7% |
| Taxes | 450/3 | €13,305 | €15,866 | +€2,561 | +19.2% |
| Remuneration and social security | 454/9 | €55,997 | €51,553 | -€4,445 | -7.9% |
| Other amounts payable | 47/48 | €3,710 | €3,500 | -€210 | -5.7% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,450 | +€50 | +2.1% |
| Remuneration, social security and pensions | 62 | €347,235 | €361,406 | +€14,171 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,273 | €54,366 | -€1,907 | -3.4% |
| Other operating charges | 640/8 | €5,222 | €5,253 | +€31 | +0.6% |
| Gross operating margin | 9900 | €450,174 | €459,625 | +€9,451 | +2.1% |
| Operating profit (loss) | 9901 | €41,444 | €38,601 | -€2,843 | -6.9% |
| Financial income | 75/76B | €352 | €248 | -€104 | -29.6% |
| Recurring financial income | 75 | €352 | €248 | -€104 | -29.6% |
| Financial charges | 65/66B | €18,078 | €17,177 | -€901 | -5.0% |
| Recurring financial charges | 65 | €18,078 | €17,177 | -€901 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €23,719 | €21,672 | -€2,047 | -8.6% |
| Income taxes | 67/77 | €279 | €282 | +€3 | +1.0% |
| Profit (loss) for the period | 9904 | €23,440 | €21,390 | -€2,050 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,440 | €21,390 | -€2,050 | -8.7% |
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 23 October 2026 via checked.be.