CHRIS & MICHEL: 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 & MICHEL
Largest movements
- Cash +€20,034
up €20,034 (+32.0%), from €62,508 to €82,541
mainly Net result for the year (+€20,540) and Receivables within one year (+€18,799)
- Receivables within one year -€18,799
down €18,799 (-55.1%), from €34,136 to €15,338
of which Trade receivables: -€16,786
- Tangible fixed assets -€7,438
down €7,438 (-57.5%), from €12,940 to €5,502
- Trade debts -€5,436
down €5,436 (-99.3%), from €5,473 to €37
- Tax, wage and social debts -€1,774
down €1,774 (-70.3%), from €2,525 to €751
- Other debts +€1,423
up €1,423 (+43.0%), from €3,311 to €4,735
- Gross operating margin -€5,740
down €5,740 (-13.6%), from €42,115 to €36,375
- Taxes -€2,422
down €2,422 (-23.8%), from €10,173 to €7,751
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 | €109,584 | €103,381 | -€6,203 | -5.7% |
| Fixed assets | 21/28 | €12,940 | €5,502 | -€7,438 | -57.5% |
| Tangible fixed assets | 22/27 | €12,940 | €5,502 | -€7,438 | -57.5% |
| Furniture and vehicles | 24 | €12,940 | €5,502 | -€7,438 | -57.5% |
| Current assets | 29/58 | €96,644 | €97,879 | +€1,235 | +1.3% |
| Amounts receivable within one year | 40/41 | €34,136 | €15,338 | -€18,799 | -55.1% |
| Trade receivables | 40 | €31,101 | €14,315 | -€16,786 | -54.0% |
| Other amounts receivable | 41 | €3,035 | €1,023 | -€2,013 | -66.3% |
| Cash at bank and in hand | 54/58 | €62,508 | €82,541 | +€20,034 | +32.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €109,584 | €103,381 | -€6,203 | -5.7% |
| Equity | 10/15 | €98,252 | €97,851 | -€401 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,052 | €91,651 | -€401 | -0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,192 | €89,791 | -€401 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,332 | €5,530 | -€5,802 | -51.2% |
| Amounts payable within one year | 42/48 | €11,309 | €5,522 | -€5,787 | -51.2% |
| Trade debts | 44 | €5,473 | €37 | -€5,436 | -99.3% |
| Suppliers | 440/4 | €5,473 | €37 | -€5,436 | -99.3% |
| Taxes, remuneration and social security | 45 | €2,525 | €751 | -€1,774 | -70.3% |
| Taxes | 450/3 | €2,525 | €751 | -€1,774 | -70.3% |
| Other amounts payable | 47/48 | €3,311 | €4,735 | +€1,423 | +43.0% |
| Accrued charges and deferred income | 492/3 | €23 | €8 | -€15 | -64.6% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,635 | €7,438 | -€196 | -2.6% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €42,115 | €36,375 | -€5,740 | -13.6% |
| Operating profit (loss) | 9901 | €33,944 | €28,388 | -€5,556 | -16.4% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €99 | €97 | -€2 | -1.6% |
| Recurring financial charges | 65 | €99 | €97 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €33,845 | €28,291 | -€5,554 | -16.4% |
| Income taxes | 67/77 | €10,173 | €7,751 | -€2,422 | -23.8% |
| Profit (loss) for the period | 9904 | €23,672 | €20,540 | -€3,132 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,672 | €20,540 | -€3,132 | -13.2% |
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 27 October 2026 via checked.be.