CHRISTIER: 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.
CHRISTIER
Largest movements
- Cash -€134,069
down €134,069 (-52.0%), from €257,908 to €123,839
mainly Contributions, distributions and other (-€120,000) and Current investments (-€52,684)
- Receivables after one year -€61,500
down €61,500 (-18.1%), from €339,000 to €277,500
- Current investments +€52,684
up €52,684 (+25.1%), from €210,000 to €262,684
- Tangible fixed assets +€33,825
up €33,825 (+13.6%), from €248,464 to €282,289
of which Furniture and vehicles: +€46,068
- Reserves -€96,812
down €96,812 (-11.4%), from €846,325 to €749,513
of which Distributable reserves: -€88,998
- Trade debts +€50,806
up €50,806 (+37914.9%), from €134 to €50,940
- Tax, wage and social debts -€48,201
down €48,201 (-88.3%), from €54,576 to €6,375
- Debts after one year -€11,430
down €11,430 (-29.3%), from €39,023 to €27,593
- Gross operating margin -€105,909
down €105,909 (-67.8%), from €156,296 to €50,387
- Taxes -€70,317
down €70,317 (-79.5%), from €88,435 to €18,118
- Financial income +€3,244
up €3,244 (+32.7%), from €9,929 to €13,173
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 | €1,064,788 | €958,871 | -€105,917 | -9.9% |
| Fixed assets | 21/28 | €248,608 | €282,403 | +€33,795 | +13.6% |
| Tangible fixed assets | 22/27 | €248,464 | €282,289 | +€33,825 | +13.6% |
| Land and buildings | 22 | €244,424 | €233,159 | -€11,265 | -4.6% |
| Plant, machinery and equipment | 23 | €2,831 | €1,853 | -€978 | -34.5% |
| Furniture and vehicles | 24 | €1,209 | €47,277 | +€46,068 | +3810.4% |
| Financial fixed assets | 28 | €144 | €114 | -€30 | -20.8% |
| Current assets | 29/58 | €816,180 | €676,468 | -€139,712 | -17.1% |
| Amounts receivable after more than one year | 29 | €339,000 | €277,500 | -€61,500 | -18.1% |
| Other amounts receivable | 291 | €339,000 | €277,500 | -€61,500 | -18.1% |
| Stocks and contracts in progress | 3 | €3,689 | €3,022 | -€667 | -18.1% |
| Stocks | 30/36 | €3,689 | €3,022 | -€667 | -18.1% |
| Amounts receivable within one year | 40/41 | - | €4,341 | +€4,341 | |
| Trade receivables | 40 | - | €50 | +€50 | |
| Other amounts receivable | 41 | - | €4,291 | +€4,291 | |
| Current investments | 50/53 | €210,000 | €262,684 | +€52,684 | +25.1% |
| Cash at bank and in hand | 54/58 | €257,908 | €123,839 | -€134,069 | -52.0% |
| Deferred charges and accrued income | 490/1 | €5,583 | €5,082 | -€501 | -9.0% |
| Total equity and liabilities | 10/49 | €1,064,788 | €958,871 | -€105,917 | -9.9% |
| Equity | 10/15 | €937,893 | €841,081 | -€96,812 | -10.3% |
| Contributions | 10/11 | €75,263 | €75,263 | = | 0.0% |
| Revaluation surpluses | 12 | €16,305 | €16,305 | = | 0.0% |
| Reserves | 13 | €846,325 | €749,513 | -€96,812 | -11.4% |
| Tax-exempt reserves | 132 | €62,810 | €54,996 | -€7,814 | -12.4% |
| Distributable reserves | 133 | €783,515 | €694,517 | -€88,998 | -11.4% |
| Provisions and deferred taxes | 16 | €20,937 | €18,332 | -€2,605 | -12.4% |
| Deferred taxes | 168 | €20,937 | €18,332 | -€2,605 | -12.4% |
| Amounts payable | 17/49 | €105,958 | €99,458 | -€6,500 | -6.1% |
| Amounts payable after more than one year | 17 | €39,023 | €27,593 | -€11,430 | -29.3% |
| Financial debts | 170/4 | €39,023 | €27,593 | -€11,430 | -29.3% |
| Amounts payable within one year | 42/48 | €66,935 | €69,285 | +€2,350 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,799 | €11,431 | -€368 | -3.1% |
| Trade debts | 44 | €134 | €50,940 | +€50,806 | +37914.9% |
| Suppliers | 440/4 | €134 | €50,940 | +€50,806 | +37914.9% |
| Taxes, remuneration and social security | 45 | €54,576 | €6,375 | -€48,201 | -88.3% |
| Taxes | 450/3 | €54,576 | €6,375 | -€48,201 | -88.3% |
| Other amounts payable | 47/48 | €426 | €539 | +€113 | +26.5% |
| Accrued charges and deferred income | 492/3 | - | €2,580 | +€2,580 | |
| Non-recurring operating income | 76A | €100,131 | - | -€100,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,660 | €15,316 | +€656 | +4.5% |
| Other operating charges | 640/8 | €6,264 | €6,149 | -€115 | -1.8% |
| Non-recurring operating charges | 66A | - | €240 | +€240 | |
| Gross operating margin | 9900 | €156,296 | €50,387 | -€105,909 | -67.8% |
| Operating profit (loss) | 9901 | €135,372 | €28,682 | -€106,690 | -78.8% |
| Financial income | 75/76B | €9,929 | €13,173 | +€3,244 | +32.7% |
| Recurring financial income | 75 | €9,929 | €13,173 | +€3,244 | +32.7% |
| Financial charges | 65/66B | €3,964 | €3,154 | -€810 | -20.4% |
| Recurring financial charges | 65 | €3,964 | €3,154 | -€810 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €141,337 | €38,701 | -€102,636 | -72.6% |
| Transfer from deferred taxes | 780 | €28,938 | €2,605 | -€26,333 | -91.0% |
| Income taxes | 67/77 | €88,435 | €18,118 | -€70,317 | -79.5% |
| Profit (loss) for the period | 9904 | €81,840 | €23,188 | -€58,652 | -71.7% |
| Transfer from tax-exempt reserves | 789 | €86,815 | €7,814 | -€79,001 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,655 | €31,002 | -€137,653 | -81.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.