CHRISTIAANS: 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.
CHRISTIAANS
Largest movements
- Tangible fixed assets -€49,478
down €49,478 (-18.2%), from €271,973 to €222,495
of which Furniture and vehicles: -€24,806
- Cash +€42,018
up €42,018 (+9.7%), from €432,689 to €474,707
mainly Net result for the year (+€800,193) and Depreciation (+€68,233)
- Stocks and contracts -€17,904
down €17,904 (-21.1%), from €85,044 to €67,140
- Reserves -€25,726
down €25,726 (-15.2%), from €169,213 to €143,488
of which Distributable reserves: -€25,726
- Trade debts -€10,260
down €10,260 (-48.2%), from €21,296 to €11,036
- Gross operating margin +€68,518
up €68,518 (+7.1%), from €971,800 to €1.0m
- Depreciation +€10,997
up €10,997 (+19.2%), from €57,236 to €68,233
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 | €817,053 | €784,462 | -€32,591 | -4.0% |
| Fixed assets | 21/28 | €274,485 | €225,007 | -€49,478 | -18.0% |
| Tangible fixed assets | 22/27 | €271,973 | €222,495 | -€49,478 | -18.2% |
| Land and buildings | 22 | €52,739 | €52,739 | = | 0.0% |
| Plant, machinery and equipment | 23 | €54,362 | €29,690 | -€24,672 | -45.4% |
| Furniture and vehicles | 24 | €164,871 | €140,065 | -€24,806 | -15.0% |
| Financial fixed assets | 28 | €2,513 | €2,513 | = | 0.0% |
| Current assets | 29/58 | €542,568 | €559,454 | +€16,886 | +3.1% |
| Stocks and contracts in progress | 3 | €85,044 | €67,140 | -€17,904 | -21.1% |
| Stocks | 30/36 | €85,044 | €67,140 | -€17,904 | -21.1% |
| Amounts receivable within one year | 40/41 | €14,568 | €7,171 | -€7,398 | -50.8% |
| Other amounts receivable | 41 | €14,568 | €7,171 | -€7,398 | -50.8% |
| Cash at bank and in hand | 54/58 | €432,689 | €474,707 | +€42,018 | +9.7% |
| Deferred charges and accrued income | 490/1 | €10,267 | €10,437 | +€170 | +1.7% |
| Total equity and liabilities | 10/49 | €817,053 | €784,462 | -€32,591 | -4.0% |
| Equity | 10/15 | €187,805 | €162,080 | -€25,726 | -13.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169,213 | €143,488 | -€25,726 | -15.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,211 | €18,211 | = | 0.0% |
| Distributable reserves | 133 | €149,143 | €123,417 | -€25,726 | -17.2% |
| Amounts payable | 17/49 | €629,248 | €622,382 | -€6,865 | -1.1% |
| Amounts payable after more than one year | 17 | €575,080 | €576,360 | +€1,280 | +0.2% |
| Other amounts payable | 178/9 | €575,080 | €576,360 | +€1,280 | +0.2% |
| Amounts payable within one year | 42/48 | €54,168 | €46,023 | -€8,145 | -15.0% |
| Trade debts | 44 | €21,296 | €11,036 | -€10,260 | -48.2% |
| Suppliers | 440/4 | €21,296 | €11,036 | -€10,260 | -48.2% |
| Taxes, remuneration and social security | 45 | €32,871 | €34,986 | +€2,115 | +6.4% |
| Taxes | 450/3 | €12,871 | €19,523 | +€6,652 | +51.7% |
| Remuneration and social security | 454/9 | €20,000 | €15,463 | -€4,537 | -22.7% |
| Non-recurring operating income | 76A | €14,744 | - | -€14,744 | |
| Remuneration, social security and pensions | 62 | €160,575 | €163,185 | +€2,610 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,236 | €68,233 | +€10,997 | +19.2% |
| Other operating charges | 640/8 | €10,024 | €11,412 | +€1,389 | +13.9% |
| Gross operating margin | 9900 | €971,800 | €1,040,318 | +€68,518 | +7.1% |
| Operating profit (loss) | 9901 | €743,965 | €797,487 | +€53,522 | +7.2% |
| Financial income | 75/76B | €20,137 | €17,132 | -€3,005 | -14.9% |
| Recurring financial income | 75 | €20,137 | €17,132 | -€3,005 | -14.9% |
| Financial charges | 65/66B | €6,927 | €7,533 | +€606 | +8.7% |
| Recurring financial charges | 65 | €6,927 | €7,533 | +€606 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €757,175 | €807,087 | +€49,912 | +6.6% |
| Income taxes | 67/77 | €3,733 | €6,894 | +€3,161 | +84.7% |
| Profit (loss) for the period | 9904 | €753,442 | €800,193 | +€46,751 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €753,442 | €800,193 | +€46,751 | +6.2% |
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 19 October 2026 via checked.be.