CHRIS CONSULT: 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.
CHRIS CONSULT
Largest movements
- Tangible fixed assets -€17,503
down €17,503 (-4.6%), from €383,097 to €365,594
of which Land and buildings: -€9,831
- Cash +€10,138
up €10,138 (+75.0%), from €13,520 to €23,657
mainly Other debts (+€32,822) and Net result for the year (+€21,293)
- Deferred charges and accrued income -€6,140
down €6,140 (-94.3%), from €6,509 to €369
- Receivables within one year +€5,011
up €5,011 (+196.7%), from €2,547 to €7,558
of which Trade receivables: +€4,698
- Other debts +€32,822
up €32,822 (+31.3%), from €104,971 to €137,793
- Debts after one year -€25,402
down €25,402 (-21.0%), from €120,912 to €95,510
- Current portion of long-term debt -€9,762
down €9,762 (-27.8%), from €35,164 to €25,402
- Reserves -€8,173
down €8,173 (-7.1%), from €115,058 to €106,885
of which Distributable reserves: -€8,173
- Accrued charges and deferred income +€4,234
new in 2025: €4,234
- Depreciation -€8,303
down €8,303 (-32.2%), from €25,807 to €17,503
- Gross operating margin -€8,031
down €8,031 (-12.3%), from €65,548 to €57,517
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 | €405,673 | €397,180 | -€8,494 | -2.1% |
| Fixed assets | 21/28 | €383,097 | €365,594 | -€17,503 | -4.6% |
| Tangible fixed assets | 22/27 | €383,097 | €365,594 | -€17,503 | -4.6% |
| Land and buildings | 22 | €372,878 | €363,047 | -€9,831 | -2.6% |
| Furniture and vehicles | 24 | €9,103 | €1,974 | -€7,129 | -78.3% |
| Other tangible fixed assets | 26 | €1,116 | €573 | -€543 | -48.6% |
| Current assets | 29/58 | €22,576 | €31,585 | +€9,009 | +39.9% |
| Amounts receivable within one year | 40/41 | €2,547 | €7,558 | +€5,011 | +196.7% |
| Trade receivables | 40 | - | €4,698 | +€4,698 | |
| Other amounts receivable | 41 | €2,547 | €2,860 | +€313 | +12.3% |
| Cash at bank and in hand | 54/58 | €13,520 | €23,657 | +€10,138 | +75.0% |
| Deferred charges and accrued income | 490/1 | €6,509 | €369 | -€6,140 | -94.3% |
| Total equity and liabilities | 10/49 | €405,673 | €397,180 | -€8,494 | -2.1% |
| Equity | 10/15 | €137,164 | €128,991 | -€8,173 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,058 | €106,885 | -€8,173 | -7.1% |
| Tax-exempt reserves | 132 | €7,230 | €7,230 | = | 0.0% |
| Distributable reserves | 133 | €107,828 | €99,655 | -€8,173 | -7.6% |
| Profit (loss) carried forward | 14 | €3,506 | €3,506 | = | 0.0% |
| Amounts payable | 17/49 | €268,509 | €268,188 | -€321 | -0.1% |
| Amounts payable after more than one year | 17 | €120,912 | €95,510 | -€25,402 | -21.0% |
| Financial debts | 170/4 | €120,912 | €95,510 | -€25,402 | -21.0% |
| Amounts payable within one year | 42/48 | €147,597 | €168,444 | +€20,847 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €35,164 | €25,402 | -€9,762 | -27.8% |
| Trade debts | 44 | €2,159 | - | -€2,159 | |
| Suppliers | 440/4 | €2,159 | - | -€2,159 | |
| Taxes, remuneration and social security | 45 | €5,303 | €5,249 | -€54 | -1.0% |
| Taxes | 450/3 | €3,891 | €4,449 | +€558 | +14.3% |
| Remuneration and social security | 454/9 | €1,412 | €800 | -€612 | -43.3% |
| Other amounts payable | 47/48 | €104,971 | €137,793 | +€32,822 | +31.3% |
| Accrued charges and deferred income | 492/3 | - | €4,234 | +€4,234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,807 | €17,503 | -€8,303 | -32.2% |
| Other operating charges | 640/8 | €3,641 | €3,517 | -€124 | -3.4% |
| Gross operating margin | 9900 | €65,548 | €57,517 | -€8,031 | -12.3% |
| Operating profit (loss) | 9901 | €36,101 | €36,497 | +€396 | +1.1% |
| Financial income | 75/76B | €2 | €1 | -€0 | -11.3% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -11.3% |
| Financial charges | 65/66B | €2,274 | €1,936 | -€339 | -14.9% |
| Recurring financial charges | 65 | €2,274 | €1,936 | -€339 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €33,828 | €34,563 | +€734 | +2.2% |
| Income taxes | 67/77 | €13,916 | €13,269 | -€647 | -4.7% |
| Profit (loss) for the period | 9904 | €19,912 | €21,293 | +€1,382 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,912 | €21,293 | +€1,382 | +6.9% |
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 3 October 2026 via checked.be.