CHRISTAN: 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.
CHRISTAN
Largest movements
- Tangible fixed assets -€124,807
down €124,807 (-20.0%), from €622,953 to €498,146
of which Land and buildings: -€98,350
- Receivables within one year +€122,650
up €122,650 (+51.5%), from €238,385 to €361,034
of which Other amounts receivable: +€85,621
- Cash -€63,743
down €63,743 (-58.8%), from €108,433 to €44,690
mainly Receivables within one year (-€122,650) and Debts after one year (-€120,168)
- Debts after one year -€120,168
down €120,168 (-21.4%), from €560,767 to €440,599
- Other debts +€100,000
new in 2025: €100,000
- Reserves -€38,941
down €38,941 (-34.1%), from €114,046 to €75,105
of which Tax-exempt reserves: -€52,906
- Provisions -€17,635
down €17,635 (-19.4%), from €90,681 to €73,046
of which Deferred taxes: -€17,635
- Short-term financial debts +€13,098
up €13,098 (+151.5%), from €8,646 to €21,744
- Other operating charges -€40,629
down €40,629 (-82.1%), from €49,508 to €8,879
- Gross operating margin +€32,610
up €32,610 (+42.7%), from €76,445 to €109,055
- Taxes +€13,482
up €13,482 (+397.7%), from €3,390 to €16,873
- Financial income -€1,259
down €1,259 (-27.0%), from €4,664 to €3,404
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 | €1,038,771 | €967,273 | -€71,498 | -6.9% |
| Fixed assets | 21/28 | €622,953 | €498,146 | -€124,807 | -20.0% |
| Tangible fixed assets | 22/27 | €622,953 | €498,146 | -€124,807 | -20.0% |
| Land and buildings | 22 | €564,521 | €466,171 | -€98,350 | -17.4% |
| Plant, machinery and equipment | 23 | €56,073 | €0 | -€56,073 | -100.0% |
| Furniture and vehicles | 24 | €2,360 | €31,976 | +€29,615 | +1254.9% |
| Current assets | 29/58 | €415,818 | €469,126 | +€53,309 | +12.8% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €238,385 | €361,034 | +€122,650 | +51.5% |
| Trade receivables | 40 | €79,633 | €116,661 | +€37,029 | +46.5% |
| Other amounts receivable | 41 | €158,752 | €244,373 | +€85,621 | +53.9% |
| Cash at bank and in hand | 54/58 | €108,433 | €44,690 | -€63,743 | -58.8% |
| Deferred charges and accrued income | 490/1 | €9,000 | €3,403 | -€5,597 | -62.2% |
| Total equity and liabilities | 10/49 | €1,038,771 | €967,273 | -€71,498 | -6.9% |
| Equity | 10/15 | €234,637 | €200,105 | -€34,532 | -14.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Outside capital | 11 | €125,000 | €125,000 | = | 0.0% |
| Other | 1109/19 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €114,046 | €75,105 | -€38,941 | -34.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,546 | €48,640 | -€52,906 | -52.1% |
| Distributable reserves | 133 | - | €13,965 | +€13,965 | |
| Profit (loss) carried forward | 14 | -€4,409 | €0 | +€4,409 | |
| Provisions and deferred taxes | 16 | €90,681 | €73,046 | -€17,635 | -19.4% |
| Provisions for liabilities and charges | 160/5 | €56,833 | €56,833 | = | 0.0% |
| Pensions and similar obligations | 160 | €56,833 | €56,833 | = | 0.0% |
| Deferred taxes | 168 | €33,849 | €16,213 | -€17,635 | -52.1% |
| Amounts payable | 17/49 | €713,453 | €694,122 | -€19,331 | -2.7% |
| Amounts payable after more than one year | 17 | €560,767 | €440,599 | -€120,168 | -21.4% |
| Financial debts | 170/4 | €560,767 | €440,599 | -€120,168 | -21.4% |
| Amounts payable within one year | 42/48 | €152,686 | €253,523 | +€100,837 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €91,111 | €81,213 | -€9,898 | -10.9% |
| Financial debts | 43 | €8,646 | €21,744 | +€13,098 | +151.5% |
| Credit institutions | 430/8 | €8,646 | €21,744 | +€13,098 | +151.5% |
| Trade debts | 44 | €18,676 | €10,570 | -€8,105 | -43.4% |
| Suppliers | 440/4 | €18,676 | €10,570 | -€8,105 | -43.4% |
| Taxes, remuneration and social security | 45 | €34,253 | €39,996 | +€5,743 | +16.8% |
| Taxes | 450/3 | €34,253 | €39,996 | +€5,743 | +16.8% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,238 | +€10,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,419 | €20,342 | +€923 | +4.8% |
| Other operating charges | 640/8 | €49,508 | €8,879 | -€40,629 | -82.1% |
| Non-recurring operating charges | 66A | €302,132 | €0 | -€302,132 | -100.0% |
| Gross operating margin | 9900 | €76,445 | €109,055 | +€32,610 | +42.7% |
| Operating profit (loss) | 9901 | -€294,614 | €79,834 | +€374,448 | |
| Financial income | 75/76B | €4,664 | €3,404 | -€1,259 | -27.0% |
| Recurring financial income | 75 | €4,664 | €3,404 | -€1,259 | -27.0% |
| Financial charges | 65/66B | €19,041 | €18,533 | -€508 | -2.7% |
| Recurring financial charges | 65 | €19,041 | €18,533 | -€508 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€308,991 | €64,705 | +€373,697 | |
| Transfer from deferred taxes | 780 | €93,338 | €17,635 | -€75,703 | -81.1% |
| Income taxes | 67/77 | €3,390 | €16,873 | +€13,482 | +397.7% |
| Profit (loss) for the period | 9904 | -€219,044 | €65,468 | +€284,512 | |
| Transfer from tax-exempt reserves | 789 | €227,286 | €52,906 | -€174,381 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,243 | €118,374 | +€110,131 | +1336.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.