Chris Management: 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 Management
Largest movements
- Financial fixed assets +€340,880
up €340,880 (+108%), from €315,714 to €656,593
- Cash -€15,002
down €15,002 (-14.5%), from €103,595 to €88,593
mainly Investment in fixed assets (net) (-€342,858) and Contributions, distributions and other (-€60,000)
- Debts after one year +€116,746
up €116,746 (+110%), from €105,862 to €222,609
- Current portion of long-term debt +€70,947
up €70,947 (+318%), from €22,306 to €93,254
- Reserves +€68,075
up €68,075 (+26.4%), from €258,075 to €326,150
- Other debts +€37,613
up €37,613 (+155%), from €24,229 to €61,843
- Short-term financial debts +€33,405
new in 2025: €33,405
- Gross operating margin +€85,924
up €85,924 (+78.0%), from €110,151 to €196,075
- Taxes +€27,477
up €27,477 (+93.3%), from €29,442 to €56,918
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 | €439,270 | €763,231 | +€323,961 | +73.7% |
| Fixed assets | 21/28 | €331,591 | €671,095 | +€339,503 | +102% |
| Tangible fixed assets | 22/27 | €15,878 | €14,501 | -€1,376 | -8.7% |
| Plant, machinery and equipment | 23 | €1,126 | €559 | -€566 | -50.3% |
| Furniture and vehicles | 24 | €3,792 | €2,795 | -€997 | -26.3% |
| Other tangible fixed assets | 26 | €10,960 | €11,147 | +€187 | +1.7% |
| Financial fixed assets | 28 | €315,714 | €656,593 | +€340,880 | +108% |
| Current assets | 29/58 | €107,678 | €92,136 | -€15,542 | -14.4% |
| Amounts receivable within one year | 40/41 | €596 | €396 | -€200 | -33.5% |
| Other amounts receivable | 41 | €596 | €396 | -€200 | -33.5% |
| Cash at bank and in hand | 54/58 | €103,595 | €88,593 | -€15,002 | -14.5% |
| Deferred charges and accrued income | 490/1 | €3,487 | €3,147 | -€340 | -9.7% |
| Total equity and liabilities | 10/49 | €439,270 | €763,231 | +€323,961 | +73.7% |
| Equity | 10/15 | €276,625 | €344,700 | +€68,075 | +24.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €258,075 | €326,150 | +€68,075 | +26.4% |
| Distributable reserves | 133 | €258,075 | €326,150 | +€68,075 | +26.4% |
| Amounts payable | 17/49 | €162,645 | €418,531 | +€255,886 | +157% |
| Amounts payable after more than one year | 17 | €105,862 | €222,609 | +€116,746 | +110% |
| Financial debts | 170/4 | €105,862 | €222,609 | +€116,746 | +110% |
| Amounts payable within one year | 42/48 | €52,807 | €192,861 | +€140,054 | +265% |
| Current portion of amounts payable after more than one year | 42 | €22,306 | €93,254 | +€70,947 | +318% |
| Financial debts | 43 | - | €33,405 | +€33,405 | |
| Credit institutions | 430/8 | - | €33,405 | +€33,405 | |
| Trade debts | 44 | €865 | €1,477 | +€612 | +70.7% |
| Suppliers | 440/4 | €865 | €1,477 | +€612 | +70.7% |
| Taxes, remuneration and social security | 45 | €5,406 | €2,882 | -€2,523 | -46.7% |
| Taxes | 450/3 | €5,406 | €2,882 | -€2,523 | -46.7% |
| Other amounts payable | 47/48 | €24,229 | €61,843 | +€37,613 | +155% |
| Accrued charges and deferred income | 492/3 | €3,976 | €3,061 | -€914 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €3,355 | +€19 | +0.6% |
| Other operating charges | 640/8 | €940 | €1,024 | +€84 | +8.9% |
| Gross operating margin | 9900 | €110,151 | €196,075 | +€85,924 | +78.0% |
| Operating profit (loss) | 9901 | €105,876 | €191,697 | +€85,821 | +81.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700% |
| Financial charges | 65/66B | €8,006 | €6,704 | -€1,302 | -16.3% |
| Recurring financial charges | 65 | €8,006 | €6,704 | -€1,302 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €97,870 | €184,993 | +€87,123 | +89.0% |
| Income taxes | 67/77 | €29,442 | €56,918 | +€27,477 | +93.3% |
| Profit (loss) for the period | 9904 | €68,428 | €128,075 | +€59,647 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,428 | €128,075 | +€59,647 | +87.2% |
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 14 October 2026 via checked.be.