CHRIST MAENHOUT: 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.
CHRIST MAENHOUT
Largest movements
- Tangible fixed assets -€51,148
down €51,148 (-93.1%), from €54,921 to €3,773
of which Furniture and vehicles: -€39,692
- Cash +€17,720
up €17,720 (+1,352%), from €1,311 to €19,031
mainly Investment in fixed assets (net) (+€48,772) and Receivables within one year (+€2,691)
- Receivables within one year -€2,691
down €2,691 (-97.3%), from €2,766 to €76
of which Other amounts receivable: -€2,623
- Deferred charges and accrued income +€1,809
up €1,809 (+125%), from €1,442 to €3,251
- Profit (loss) carried forward -€21,764
down €21,764 (-103%), from -€21,053 to -€42,817
- Debts after one year -€11,211
down €11,211 (-43.4%), from €25,835 to €14,625
- Accrued charges and deferred income -€1,271
down €1,271 (-100%), from €1,271 to €0
- Depreciation -€13,988
down €13,988 (-85.5%), from €16,364 to €2,376
- Gross operating margin +€3,550
up €3,550 (+55.1%), from -€6,448 to -€2,898
- Financial charges -€838
down €838 (-39.2%), from €2,135 to €1,297
- Taxes +€669
up €669, from -€640 to €29
- Other operating charges -€578
down €578 (-51.0%), from €1,133 to €555
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 | €60,923 | €26,454 | -€34,469 | -56.6% |
| Fixed assets | 21/28 | €54,921 | €3,773 | -€51,148 | -93.1% |
| Tangible fixed assets | 22/27 | €54,921 | €3,773 | -€51,148 | -93.1% |
| Plant, machinery and equipment | 23 | €14,097 | €3,002 | -€11,095 | -78.7% |
| Furniture and vehicles | 24 | €39,835 | €143 | -€39,692 | -99.6% |
| Other tangible fixed assets | 26 | €989 | €628 | -€361 | -36.5% |
| Current assets | 29/58 | €6,002 | €22,682 | +€16,679 | +278% |
| Stocks and contracts in progress | 3 | €483 | €324 | -€159 | -33.0% |
| Stocks | 30/36 | €483 | €324 | -€159 | -33.0% |
| Amounts receivable within one year | 40/41 | €2,766 | €76 | -€2,691 | -97.3% |
| Trade receivables | 40 | €67 | - | -€67 | |
| Other amounts receivable | 41 | €2,699 | €76 | -€2,623 | -97.2% |
| Cash at bank and in hand | 54/58 | €1,311 | €19,031 | +€17,720 | +1,352% |
| Deferred charges and accrued income | 490/1 | €1,442 | €3,251 | +€1,809 | +125% |
| Total equity and liabilities | 10/49 | €60,923 | €26,454 | -€34,469 | -56.6% |
| Equity | 10/15 | €8,447 | -€13,317 | -€21,764 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,053 | -€42,817 | -€21,764 | -103% |
| Amounts payable | 17/49 | €52,477 | €39,772 | -€12,705 | -24.2% |
| Amounts payable after more than one year | 17 | €25,835 | €14,625 | -€11,211 | -43.4% |
| Financial debts | 170/4 | €25,835 | €14,625 | -€11,211 | -43.4% |
| Amounts payable within one year | 42/48 | €25,370 | €25,147 | -€223 | -0.9% |
| Financial debts | 43 | €10,793 | €11,211 | +€417 | +3.9% |
| Credit institutions | 430/8 | €10,793 | €11,211 | +€417 | +3.9% |
| Trade debts | 44 | - | €21 | +€21 | |
| Suppliers | 440/4 | - | €21 | +€21 | |
| Taxes, remuneration and social security | 45 | €196 | €29 | -€168 | -85.4% |
| Taxes | 450/3 | €196 | €29 | -€168 | -85.4% |
| Other amounts payable | 47/48 | €14,380 | €13,886 | -€494 | -3.4% |
| Accrued charges and deferred income | 492/3 | €1,271 | €0 | -€1,271 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,364 | €2,376 | -€13,988 | -85.5% |
| Other operating charges | 640/8 | €1,133 | €555 | -€578 | -51.0% |
| Non-recurring operating charges | 66A | - | €14,611 | +€14,611 | |
| Gross operating margin | 9900 | -€6,448 | -€2,898 | +€3,550 | +55.1% |
| Operating profit (loss) | 9901 | -€23,945 | -€20,440 | +€3,506 | +14.6% |
| Financial income | 75/76B | €4 | €2 | -€2 | -58.1% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -58.1% |
| Financial charges | 65/66B | €2,135 | €1,297 | -€838 | -39.2% |
| Recurring financial charges | 65 | €2,135 | €1,297 | -€838 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,076 | -€21,735 | +€4,341 | +16.6% |
| Income taxes | 67/77 | -€640 | €29 | +€669 | |
| Profit (loss) for the period | 9904 | -€25,436 | -€21,764 | +€3,672 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,436 | -€21,764 | +€3,672 | +14.4% |
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.