CHRIST WOUTERS: what changed
CHRIST WOUTERS
Largest movements
- Receivables within one year +€130,331
up €130,331 (+2,530%), from €5,152 to €135,483
- Cash -€6,680
down €6,680 (-11.1%), from €60,039 to €53,359
mainly Receivables within one year (-€130,331) and Deferred charges and accrued income (-€5,477)
- Deferred charges and accrued income +€5,477
up €5,477 (+74.2%), from €7,381 to €12,858
- Other debts +€73,346
up €73,346 (+298%), from €24,627 to €97,973
- Trade debts +€47,267
up €47,267 (+4,154%), from €1,138 to €48,405
- Reserves +€10,681
up €10,681 (+3.8%), from €280,804 to €291,486
- Gross operating margin -€32,202
down €32,202 (-63.4%), from €50,811 to €18,609
- Taxes -€8,042
down €8,042 (-57.7%), from €13,930 to €5,888
- Financial charges -€1,680
down €1,680 (-54.0%), from €3,112 to €1,432
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,737 | €499,864 | +€129,127 | +34.8% |
| Fixed assets | 21/28 | €298,165 | €298,165 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €298,165 | €298,165 | = | 0.0% |
| Current assets | 29/58 | €72,572 | €201,699 | +€129,127 | +178% |
| Amounts receivable within one year | 40/41 | €5,152 | €135,483 | +€130,331 | +2,530% |
| Other amounts receivable | 41 | €5,152 | €135,483 | +€130,331 | +2,530% |
| Cash at bank and in hand | 54/58 | €60,039 | €53,359 | -€6,680 | -11.1% |
| Deferred charges and accrued income | 490/1 | €7,381 | €12,858 | +€5,477 | +74.2% |
| Total equity and liabilities | 10/49 | €370,737 | €499,864 | +€129,127 | +34.8% |
| Equity | 10/15 | €342,804 | €353,486 | +€10,681 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €280,804 | €291,486 | +€10,681 | +3.8% |
| Distributable reserves | 133 | €280,804 | €291,486 | +€10,681 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,932 | €146,378 | +€118,446 | +424% |
| Amounts payable within one year | 42/48 | €27,932 | €146,378 | +€118,446 | +424% |
| Trade debts | 44 | €1,138 | €48,405 | +€47,267 | +4,154% |
| Suppliers | 440/4 | €1,138 | €48,405 | +€47,267 | +4,154% |
| Taxes, remuneration and social security | 45 | €2,167 | €0 | -€2,167 | -100% |
| Taxes | 450/3 | €2,167 | €0 | -€2,167 | -100% |
| Other amounts payable | 47/48 | €24,627 | €97,973 | +€73,346 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €0 | -€381 | -100% |
| Other operating charges | 640/8 | €707 | €607 | -€100 | -14.1% |
| Gross operating margin | 9900 | €50,811 | €18,609 | -€32,202 | -63.4% |
| Operating profit (loss) | 9901 | €49,722 | €18,002 | -€31,721 | -63.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,112 | €1,432 | -€1,680 | -54.0% |
| Recurring financial charges | 65 | €3,112 | €1,432 | -€1,680 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €46,611 | €16,569 | -€30,041 | -64.5% |
| Income taxes | 67/77 | €13,930 | €5,888 | -€8,042 | -57.7% |
| Profit (loss) for the period | 9904 | €32,680 | €10,681 | -€21,999 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,680 | €10,681 | -€21,999 | -67.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.