CHRIS'TEL: 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'TEL
Largest movements
- Tangible fixed assets -€32,479
down €32,479 (-6.4%), from €505,026 to €472,547
- Debts after one year -€35,779
down €35,779 (-18.3%), from €195,903 to €160,124
- Reserves +€8,345
up €8,345 (+2.3%), from €357,159 to €365,505
of which Distributable reserves: +€19,428
- Gross operating margin +€10,466
up €10,466 (+33.3%), from €31,446 to €41,912
- Taxes -€1,996
down €1,996 (-100.0%), from €1,996 to €0
- Financial charges -€1,104
down €1,104 (-15.0%), from €7,372 to €6,268
- Other operating charges -€1,045
down €1,045 (-25.8%), from €4,044 to €2,999
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 | €674,648 | €635,451 | -€39,197 | -5.8% |
| Fixed assets | 21/28 | €505,026 | €472,547 | -€32,479 | -6.4% |
| Tangible fixed assets | 22/27 | €505,026 | €472,547 | -€32,479 | -6.4% |
| Land and buildings | 22 | €505,026 | €472,547 | -€32,479 | -6.4% |
| Current assets | 29/58 | €169,623 | €162,905 | -€6,718 | -4.0% |
| Amounts receivable after more than one year | 29 | €163,500 | €156,800 | -€6,700 | -4.1% |
| Other amounts receivable | 291 | €163,500 | €156,800 | -€6,700 | -4.1% |
| Cash at bank and in hand | 54/58 | €43 | €136 | +€94 | +218.9% |
| Deferred charges and accrued income | 490/1 | €6,080 | €5,968 | -€111 | -1.8% |
| Total equity and liabilities | 10/49 | €674,648 | €635,451 | -€39,197 | -5.8% |
| Equity | 10/15 | €375,759 | €384,105 | +€8,345 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,159 | €365,505 | +€8,345 | +2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,830 | €99,747 | -€11,083 | -10.0% |
| Distributable reserves | 133 | €244,470 | €263,898 | +€19,428 | +7.9% |
| Provisions and deferred taxes | 16 | €36,943 | €33,249 | -€3,694 | -10.0% |
| Deferred taxes | 168 | €36,943 | €33,249 | -€3,694 | -10.0% |
| Amounts payable | 17/49 | €261,946 | €218,098 | -€43,848 | -16.7% |
| Amounts payable after more than one year | 17 | €195,903 | €160,124 | -€35,779 | -18.3% |
| Financial debts | 170/4 | €195,903 | €160,124 | -€35,779 | -18.3% |
| Amounts payable within one year | 42/48 | €65,500 | €57,518 | -€7,982 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €42,434 | €38,716 | -€3,718 | -8.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,569 | €2,583 | +€14 | +0.5% |
| Suppliers | 440/4 | €2,569 | €2,583 | +€14 | +0.5% |
| Taxes, remuneration and social security | 45 | €1,996 | €0 | -€1,996 | -100.0% |
| Taxes | 450/3 | €1,996 | €0 | -€1,996 | -100.0% |
| Other amounts payable | 47/48 | €18,501 | €16,219 | -€2,281 | -12.3% |
| Accrued charges and deferred income | 492/3 | €543 | €456 | -€87 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,479 | €32,479 | = | 0.0% |
| Other operating charges | 640/8 | €4,044 | €2,999 | -€1,045 | -25.8% |
| Gross operating margin | 9900 | €31,446 | €41,912 | +€10,466 | +33.3% |
| Operating profit (loss) | 9901 | -€5,077 | €6,434 | +€11,511 | |
| Financial income | 75/76B | €4,676 | €4,485 | -€192 | -4.1% |
| Recurring financial income | 75 | €4,676 | €4,485 | -€192 | -4.1% |
| Financial charges | 65/66B | €7,372 | €6,268 | -€1,104 | -15.0% |
| Recurring financial charges | 65 | €7,372 | €6,268 | -€1,104 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,773 | €4,651 | +€12,424 | |
| Transfer from deferred taxes | 780 | €3,694 | €3,694 | = | 0.0% |
| Income taxes | 67/77 | €1,996 | €0 | -€1,996 | -100.0% |
| Profit (loss) for the period | 9904 | -€6,075 | €8,345 | +€14,420 | |
| Transfer from tax-exempt reserves | 789 | €11,083 | €11,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,008 | €19,428 | +€14,420 | +287.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.