CHRIS DECUBBER: 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.
CHRIS DECUBBER
Largest movements
- Cash +€23,333
up €23,333 (+22.4%), from €104,333 to €127,666
mainly Net result for the year (+€22,903) and Tax, wage and social debts (+€6,484)
- Receivables within one year +€13,562
up €13,562 (+48.5%), from €27,991 to €41,553
of which Trade receivables: +€12,824
- Tangible fixed assets -€5,837
down €5,837 (-20.2%), from €28,887 to €23,049
- Reserves +€22,903
up €22,903 (+16.5%), from €138,834 to €161,737
- Tax, wage and social debts +€6,484
up €6,484 (+125%), from €5,181 to €11,665
- Other debts +€2,285
up €2,285 (+298%), from €766 to €3,051
- Gross operating margin +€12,166
up €12,166 (+43.1%), from €28,198 to €40,364
- Taxes +€3,261
up €3,261 (+45.4%), from €7,177 to €10,438
- Depreciation +€2,472
up €2,472 (+73.5%), from €3,365 to €5,837
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 | €162,170 | €192,879 | +€30,709 | +18.9% |
| Fixed assets | 21/28 | €28,887 | €23,049 | -€5,837 | -20.2% |
| Tangible fixed assets | 22/27 | €28,887 | €23,049 | -€5,837 | -20.2% |
| Furniture and vehicles | 24 | €28,887 | €23,049 | -€5,837 | -20.2% |
| Current assets | 29/58 | €133,284 | €169,830 | +€36,546 | +27.4% |
| Amounts receivable within one year | 40/41 | €27,991 | €41,553 | +€13,562 | +48.5% |
| Trade receivables | 40 | €26,167 | €38,991 | +€12,824 | +49.0% |
| Other amounts receivable | 41 | €1,823 | €2,562 | +€739 | +40.5% |
| Cash at bank and in hand | 54/58 | €104,333 | €127,666 | +€23,333 | +22.4% |
| Deferred charges and accrued income | 490/1 | €960 | €611 | -€349 | -36.3% |
| Total equity and liabilities | 10/49 | €162,170 | €192,879 | +€30,709 | +18.9% |
| Equity | 10/15 | €151,234 | €174,137 | +€22,903 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,834 | €161,737 | +€22,903 | +16.5% |
| Distributable reserves | 133 | €138,834 | €161,737 | +€22,903 | +16.5% |
| Amounts payable | 17/49 | €10,937 | €18,742 | +€7,805 | +71.4% |
| Amounts payable within one year | 42/48 | €10,937 | €18,742 | +€7,805 | +71.4% |
| Trade debts | 44 | €4,991 | €4,027 | -€964 | -19.3% |
| Suppliers | 440/4 | €4,991 | €4,027 | -€964 | -19.3% |
| Taxes, remuneration and social security | 45 | €5,181 | €11,665 | +€6,484 | +125% |
| Taxes | 450/3 | €5,181 | €11,665 | +€6,484 | +125% |
| Other amounts payable | 47/48 | €766 | €3,051 | +€2,285 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,365 | €5,837 | +€2,472 | +73.5% |
| Other operating charges | 640/8 | €1,301 | €1,142 | -€159 | -12.2% |
| Gross operating margin | 9900 | €28,198 | €40,364 | +€12,166 | +43.1% |
| Operating profit (loss) | 9901 | €23,531 | €33,385 | +€9,853 | +41.9% |
| Financial charges | 65/66B | €50 | €43 | -€7 | -13.1% |
| Recurring financial charges | 65 | €50 | €43 | -€7 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €23,481 | €33,341 | +€9,860 | +42.0% |
| Income taxes | 67/77 | €7,177 | €10,438 | +€3,261 | +45.4% |
| Profit (loss) for the period | 9904 | €16,305 | €22,903 | +€6,599 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,305 | €22,903 | +€6,599 | +40.5% |
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 21 October 2026 via checked.be.