CHRISTAL PROJECTS: 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.
CHRISTAL PROJECTS
Largest movements
- Stocks and contracts +€190,000
up €190,000 (+158%), from €120,000 to €310,000
- Receivables within one year -€108,381
down €108,381 (-30.5%), from €355,460 to €247,079
of which Trade receivables: -€239,190
- Cash -€35,236
down €35,236 (-19.6%), from €180,223 to €144,987
mainly Stocks and contracts (-€190,000) and Other debts (-€142,948)
- Tangible fixed assets +€18,025
up €18,025 (+21.3%), from €84,605 to €102,630
of which Leasing and similar rights: +€28,803
- Other debts -€142,948
down €142,948 (-37.6%), from €380,252 to €237,304
- Advances received +€106,000
new in 2025: €106,000
- Trade debts +€92,107
up €92,107 (+62.6%), from €147,213 to €239,321
- Tax, wage and social debts -€18,681
down €18,681 (-34.6%), from €53,929 to €35,247
- Profit (loss) carried forward +€14,986
up €14,986 (+18.1%), from €82,637 to €97,624
- Depreciation +€23,841
up €23,841 (+305%), from €7,804 to €31,645
- Gross operating margin +€14,612
up €14,612 (+29.6%), from €49,353 to €63,966
- Financial charges +€1,476
up €1,476 (+22.6%), from €6,541 to €8,016
- Taxes +€907
up €907 (+11.5%), from €7,911 to €8,817
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 | €742,031 | €806,528 | +€64,496 | +8.7% |
| Fixed assets | 21/28 | €84,605 | €102,630 | +€18,025 | +21.3% |
| Tangible fixed assets | 22/27 | €84,605 | €102,630 | +€18,025 | +21.3% |
| Plant, machinery and equipment | 23 | €1,339 | €20,061 | +€18,722 | +1,399% |
| Furniture and vehicles | 24 | €83,267 | €53,766 | -€29,500 | -35.4% |
| Leasing and similar rights | 25 | - | €28,803 | +€28,803 | |
| Current assets | 29/58 | €657,426 | €703,898 | +€46,472 | +7.1% |
| Stocks and contracts in progress | 3 | €120,000 | €310,000 | +€190,000 | +158% |
| Contracts in progress | 37 | €120,000 | €310,000 | +€190,000 | +158% |
| Amounts receivable within one year | 40/41 | €355,460 | €247,079 | -€108,381 | -30.5% |
| Trade receivables | 40 | €355,460 | €116,270 | -€239,190 | -67.3% |
| Other amounts receivable | 41 | - | €130,809 | +€130,809 | |
| Cash at bank and in hand | 54/58 | €180,223 | €144,987 | -€35,236 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,832 | +€89 | +5.1% |
| Total equity and liabilities | 10/49 | €742,031 | €806,528 | +€64,496 | +8.7% |
| Equity | 10/15 | €92,637 | €107,624 | +€14,986 | +16.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,637 | €97,624 | +€14,986 | +18.1% |
| Amounts payable | 17/49 | €649,394 | €698,904 | +€49,510 | +7.6% |
| Amounts payable after more than one year | 17 | €51,830 | €59,673 | +€7,844 | +15.1% |
| Financial debts | 170/4 | €51,830 | €59,673 | +€7,844 | +15.1% |
| Amounts payable within one year | 42/48 | €597,564 | €638,819 | +€41,255 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €16,170 | €20,947 | +€4,777 | +29.5% |
| Trade debts | 44 | €147,213 | €239,321 | +€92,107 | +62.6% |
| Suppliers | 440/4 | €147,213 | €239,321 | +€92,107 | +62.6% |
| Advances received on contracts in progress | 46 | - | €106,000 | +€106,000 | |
| Taxes, remuneration and social security | 45 | €53,929 | €35,247 | -€18,681 | -34.6% |
| Taxes | 450/3 | €53,929 | €35,247 | -€18,681 | -34.6% |
| Other amounts payable | 47/48 | €380,252 | €237,304 | -€142,948 | -37.6% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,804 | €31,645 | +€23,841 | +305% |
| Other operating charges | 640/8 | €1,001 | €1,137 | +€136 | +13.6% |
| Gross operating margin | 9900 | €49,353 | €63,966 | +€14,612 | +29.6% |
| Operating profit (loss) | 9901 | €40,548 | €31,183 | -€9,365 | -23.1% |
| Financial income | 75/76B | €3 | €637 | +€635 | +22,108% |
| Recurring financial income | 75 | €3 | €637 | +€635 | +22,108% |
| Financial charges | 65/66B | €6,541 | €8,016 | +€1,476 | +22.6% |
| Recurring financial charges | 65 | €6,541 | €8,016 | +€1,476 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €34,010 | €23,804 | -€10,206 | -30.0% |
| Income taxes | 67/77 | €7,911 | €8,817 | +€907 | +11.5% |
| Profit (loss) for the period | 9904 | €26,099 | €14,986 | -€11,113 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,099 | €14,986 | -€11,113 | -42.6% |
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 18 October 2026 via checked.be.