CHRISTIAAN POSTELMANS: what changed
What changed
CHRISTIAAN POSTELMANS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€264,153
2024 · €149,441+€114,712
Equity
€1.3m
2024 · €1.7m-€479,612
Cash
€112,389
2024 · €56,553+€55,836
Balance sheet total
€2.1m
2024 · €2.1m-€8,632
Largest movements
Assets
- Receivables within one year -€65,971
down €65,971 (-50.8%), from €129,972 to €64,001
of which Trade receivables: -€80,253
- Cash +€55,836
up €55,836 (+98.7%), from €56,553 to €112,389
mainly Other debts (+€461,155) and Net result for the year (+€264,153)
Equity and liabilities
- Reserves -€479,612
down €479,612 (-36.8%), from €1.3m to €824,941
- Other debts +€461,155
up €461,155 (+134%), from €343,696 to €804,852
- Accrued charges and deferred income +€22,283
new in 2025: €22,283
Income statement
- Financial income +€302,559
up €302,559 (+5,293%), from €5,716 to €308,275
- Gross operating margin -€220,720
down €220,720 (-85.7%), from €257,481 to €36,761
- Taxes -€48,858
down €48,858 (-64.7%), from €75,502 to €26,643
- Financial charges +€17,350
up €17,350 (+201%), from €8,627 to €25,977
- Other operating charges -€3,540
down €3,540 (-12.3%), from €28,791 to €25,252
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.
Result 2024
€149,441
Gross operating margin
-€220,720
Depreciation
-€2,176
Other operating charges
+€3,540
Financial income
+€302,559
Financial charges
-€17,350
Taxes
+€48,858
Result 2025
€264,153
raises the resultlowers the result
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.
From operations
+€805,606
Investment
-€6,004
Financing
-€743,766
Cash 2024
€56,553
From operations (derived)
+€805,606
Net result for the year
+€264,153
Depreciation
+€3,010
Receivables within one year
+€65,971
Smaller working-capital items
+€3,286
Tax, wage and social debts
-€14,253
Other debts
+€461,155
Accrued charges and deferred income
+€22,283
Investment (derived)
-€6,004
Investment in fixed assets (net)
-€6,004
Financing
-€743,766
Contributions, distributions and other
-€743,766
Cash 2025
€112,389
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,109,563 | €2,100,932 | -€8,632 | -0.4% |
| Fixed assets | 21/28 | €1,480,809 | €1,483,802 | +€2,994 | +0.2% |
| Tangible fixed assets | 22/27 | €7,705 | €10,698 | +€2,994 | +38.9% |
| Plant, machinery and equipment | 23 | - | €894 | +€894 | |
| Furniture and vehicles | 24 | €6,227 | €8,988 | +€2,761 | +44.3% |
| Other tangible fixed assets | 26 | €1,478 | €816 | -€662 | -44.8% |
| Financial fixed assets | 28 | €1,473,104 | €1,473,104 | = | 0.0% |
| Current assets | 29/58 | €628,755 | €617,130 | -€11,625 | -1.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €129,972 | €64,001 | -€65,971 | -50.8% |
| Trade receivables | 40 | €129,905 | €49,652 | -€80,253 | -61.8% |
| Other amounts receivable | 41 | €67 | €14,348 | +€14,282 | +21,425% |
| Current investments | 50/53 | €436,816 | €436,816 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,553 | €112,389 | +€55,836 | +98.7% |
| Deferred charges and accrued income | 490/1 | €5,414 | €3,924 | -€1,490 | -27.5% |
| Total equity and liabilities | 10/49 | €2,109,563 | €2,100,932 | -€8,632 | -0.4% |
| Equity | 10/15 | €1,732,353 | €1,252,741 | -€479,612 | -27.7% |
| Contributions | 10/11 | €427,800 | €427,800 | = | 0.0% |
| Reserves | 13 | €1,304,553 | €824,941 | -€479,612 | -36.8% |
| Distributable reserves | 133 | €1,304,553 | €824,941 | -€479,612 | -36.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €377,210 | €848,191 | +€470,981 | +125% |
| Amounts payable within one year | 42/48 | €377,210 | €825,908 | +€448,698 | +119% |
| Trade debts | 44 | €2,626 | €4,421 | +€1,795 | +68.4% |
| Suppliers | 440/4 | €2,626 | €4,421 | +€1,795 | +68.4% |
| Taxes, remuneration and social security | 45 | €30,888 | €16,635 | -€14,253 | -46.1% |
| Taxes | 450/3 | €26,177 | €11,884 | -€14,293 | -54.6% |
| Remuneration and social security | 454/9 | €4,711 | €4,751 | +€40 | +0.8% |
| Other amounts payable | 47/48 | €343,696 | €804,852 | +€461,155 | +134% |
| Accrued charges and deferred income | 492/3 | - | €22,283 | +€22,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €3,010 | +€2,176 | +261% |
| Other operating charges | 640/8 | €28,791 | €25,252 | -€3,540 | -12.3% |
| Gross operating margin | 9900 | €257,481 | €36,761 | -€220,720 | -85.7% |
| Operating profit (loss) | 9901 | €227,854 | €8,499 | -€219,355 | -96.3% |
| Financial income | 75/76B | €5,716 | €308,275 | +€302,559 | +5,293% |
| Recurring financial income | 75 | €5,716 | €308,275 | +€302,559 | +5,293% |
| Financial charges | 65/66B | €8,627 | €25,977 | +€17,350 | +201% |
| Recurring financial charges | 65 | €8,627 | €25,977 | +€17,350 | +201% |
| Profit (loss) for the period before taxes | 9903 | €224,943 | €290,797 | +€65,854 | +29.3% |
| Income taxes | 67/77 | €75,502 | €26,643 | -€48,858 | -64.7% |
| Profit (loss) for the period | 9904 | €149,441 | €264,153 | +€114,712 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €149,441 | €264,153 | +€114,712 | +76.8% |
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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 3 November 2026 via checked.be.