CHRISTANIEL: 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.
CHRISTANIEL
Largest movements
- Cash +€90,337
up €90,337 (+5573.6%), from €1,621 to €91,957
mainly Net result for the year (+€86,988) and Depreciation (+€19,140)
- Tangible fixed assets -€32,365
down €32,365 (-23.5%), from €137,930 to €105,564
of which Land and buildings: -€32,365
- Receivables within one year -€5,420
down €5,420 (-16.1%), from €33,574 to €28,153
of which Trade receivables: -€14,789
- Reserves +€62,500
up €62,500 (+98.0%), from €63,797 to €126,297
of which Distributable reserves: +€62,500
- Other debts -€12,459
down €12,459 (-25.1%), from €49,585 to €37,126
- Profit (loss) carried forward +€4,488
up €4,488, from -€4,380 to €108
- Trade debts -€2,809
down €2,809 (-81.7%), from €3,438 to €628
- Gross operating margin +€140,130
up €140,130 (+629.9%), from €22,247 to €162,377
- Taxes +€35,378
up €35,378, from €0 to €35,378
- Purchases and services +€22,033
up €22,033 (+233.1%), from €9,450 to €31,483
- Other operating charges +€12,771
up €12,771 (+168.9%), from €7,559 to €20,330
- Turnover -€3,449
down €3,449 (-10.9%), from €31,698 to €28,249
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 | €175,959 | €227,547 | +€51,588 | +29.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €137,930 | €105,564 | -€32,365 | -23.5% |
| Tangible fixed assets | 22/27 | €137,930 | €105,564 | -€32,365 | -23.5% |
| Land and buildings | 22 | €137,930 | €105,564 | -€32,365 | -23.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €38,030 | €121,983 | +€83,954 | +220.8% |
| Amounts receivable within one year | 40/41 | €33,574 | €28,153 | -€5,420 | -16.1% |
| Trade receivables | 40 | €16,441 | €1,652 | -€14,789 | -90.0% |
| Other amounts receivable | 41 | €17,133 | €26,501 | +€9,368 | +54.7% |
| Cash at bank and in hand | 54/58 | €1,621 | €91,957 | +€90,337 | +5573.6% |
| Deferred charges and accrued income | 490/1 | €2,835 | €1,872 | -€962 | -33.9% |
| Total equity and liabilities | 10/49 | €175,959 | €227,547 | +€51,588 | +29.3% |
| Equity | 10/15 | €121,391 | €188,379 | +€66,988 | +55.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €63,797 | €126,297 | +€62,500 | +98.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €57,600 | €120,100 | +€62,500 | +108.5% |
| Profit (loss) carried forward | 14 | -€4,380 | €108 | +€4,488 | |
| Amounts payable | 17/49 | €54,568 | €39,169 | -€15,399 | -28.2% |
| Amounts payable within one year | 42/48 | €53,023 | €38,049 | -€14,974 | -28.2% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €3,438 | €628 | -€2,809 | -81.7% |
| Suppliers | 440/4 | €3,438 | €628 | -€2,809 | -81.7% |
| Taxes, remuneration and social security | 45 | - | €294 | +€294 | |
| Taxes | 450/3 | - | €294 | +€294 | |
| Other amounts payable | 47/48 | €49,585 | €37,126 | -€12,459 | -25.1% |
| Accrued charges and deferred income | 492/3 | €1,545 | €1,120 | -€425 | -27.5% |
| Turnover | 70 | €31,698 | €28,249 | -€3,449 | -10.9% |
| Non-recurring operating income | 76A | - | €165,611 | +€165,611 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,450 | €31,483 | +€22,033 | +233.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,506 | €19,140 | -€365 | -1.9% |
| Other operating charges | 640/8 | €7,559 | €20,330 | +€12,771 | +168.9% |
| Gross operating margin | 9900 | €22,247 | €162,377 | +€140,130 | +629.9% |
| Operating profit (loss) | 9901 | -€4,817 | €122,907 | +€127,724 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €520 | €542 | +€21 | +4.1% |
| Recurring financial charges | 65 | €520 | €542 | +€21 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,317 | €122,365 | +€127,682 | |
| Income taxes | 67/77 | €0 | €35,378 | +€35,378 | |
| Profit (loss) for the period | 9904 | -€5,317 | €86,988 | +€92,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,317 | €86,988 | +€92,305 |
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 30 September 2026 via checked.be.