CHRISTIM: 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.
CHRISTIM
Largest movements
- Tangible fixed assets -€30,215
down €30,215 (-16.5%), from €183,123 to €152,908
of which Plant, machinery and equipment: -€19,349
- Receivables within one year -€29,129
down €29,129 (-74.3%), from €39,209 to €10,080
of which Trade receivables: -€31,063
- Cash -€17,593
down €17,593 (-39.2%), from €44,887 to €27,294
mainly Net result for the year (-€73,790) and Debts after one year (-€25,966)
- Stocks and contracts +€3,567
up €3,567 (+47.6%), from €7,500 to €11,067
- Profit (loss) carried forward -€73,790
down €73,790, from €3,346 to -€70,445
- Trade debts +€28,503
new in 2025: €28,503
- Debts after one year -€25,966
down €25,966 (-12.6%), from €206,727 to €180,761
- Other debts -€5,292
down €5,292 (-100%), from €5,292 to €0
- Tax, wage and social debts +€3,261
up €3,261 (+24.4%), from €13,374 to €16,635
of which Remuneration and social security: +€2,544
- Gross operating margin -€63,478
down €63,478 (-28.9%), from €219,714 to €156,236
- Staff costs +€47,089
up €47,089 (+36.9%), from €127,669 to €174,757
- Financial income -€21,030
down €21,030 (-86.1%), from €24,427 to €3,398
- Taxes +€9,208
up €9,208 (+2,520%), from €365 to €9,573
- Financial charges +€2,940
up €2,940 (+45.3%), from €6,482 to €9,422
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 | €276,976 | €205,937 | -€71,039 | -25.6% |
| Fixed assets | 21/28 | €183,123 | €155,003 | -€28,120 | -15.4% |
| Intangible fixed assets | 21 | - | €2,095 | +€2,095 | |
| Tangible fixed assets | 22/27 | €183,123 | €152,908 | -€30,215 | -16.5% |
| Plant, machinery and equipment | 23 | €104,552 | €85,204 | -€19,349 | -18.5% |
| Furniture and vehicles | 24 | €6,928 | €6,973 | +€45 | +0.7% |
| Other tangible fixed assets | 26 | €71,642 | €60,731 | -€10,911 | -15.2% |
| Current assets | 29/58 | €93,853 | €50,934 | -€42,919 | -45.7% |
| Stocks and contracts in progress | 3 | €7,500 | €11,067 | +€3,567 | +47.6% |
| Stocks | 30/36 | €7,500 | €11,067 | +€3,567 | +47.6% |
| Amounts receivable within one year | 40/41 | €39,209 | €10,080 | -€29,129 | -74.3% |
| Trade receivables | 40 | €31,752 | €689 | -€31,063 | -97.8% |
| Other amounts receivable | 41 | €7,457 | €9,391 | +€1,934 | +25.9% |
| Cash at bank and in hand | 54/58 | €44,887 | €27,294 | -€17,593 | -39.2% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,493 | +€236 | +10.5% |
| Total equity and liabilities | 10/49 | €276,976 | €205,937 | -€71,039 | -25.6% |
| Equity | 10/15 | €21,946 | -€51,845 | -€73,790 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,346 | -€70,445 | -€73,790 | |
| Amounts payable | 17/49 | €255,030 | €257,782 | +€2,751 | +1.1% |
| Amounts payable after more than one year | 17 | €206,727 | €180,761 | -€25,966 | -12.6% |
| Financial debts | 170/4 | €206,727 | €180,761 | -€25,966 | -12.6% |
| Amounts payable within one year | 42/48 | €47,407 | €77,021 | +€29,614 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €28,740 | €31,870 | +€3,130 | +10.9% |
| Financial debts | 43 | €0 | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | - | €28,503 | +€28,503 | |
| Suppliers | 440/4 | - | €28,503 | +€28,503 | |
| Taxes, remuneration and social security | 45 | €13,374 | €16,635 | +€3,261 | +24.4% |
| Taxes | 450/3 | €3,538 | €4,256 | +€717 | +20.3% |
| Remuneration and social security | 454/9 | €9,836 | €12,380 | +€2,544 | +25.9% |
| Other amounts payable | 47/48 | €5,292 | €0 | -€5,292 | -100% |
| Accrued charges and deferred income | 492/3 | €897 | €0 | -€897 | -100% |
| Non-recurring operating income | 76A | €22,461 | €2,668 | -€19,793 | -88.1% |
| Remuneration, social security and pensions | 62 | €127,669 | €174,757 | +€47,089 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,875 | €36,176 | +€2,301 | +6.8% |
| Other operating charges | 640/8 | €2,305 | €1,541 | -€764 | -33.1% |
| Non-recurring operating charges | 66A | €8,836 | €1,955 | -€6,881 | -77.9% |
| Gross operating margin | 9900 | €219,714 | €156,236 | -€63,478 | -28.9% |
| Operating profit (loss) | 9901 | €47,030 | -€58,193 | -€105,222 | |
| Financial income | 75/76B | €24,427 | €3,398 | -€21,030 | -86.1% |
| Recurring financial income | 75 | €24,427 | €3,398 | -€21,030 | -86.1% |
| Financial charges | 65/66B | €6,482 | €9,422 | +€2,940 | +45.3% |
| Recurring financial charges | 65 | €6,482 | €9,422 | +€2,940 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €64,975 | -€64,217 | -€129,192 | |
| Income taxes | 67/77 | €365 | €9,573 | +€9,208 | +2,520% |
| Profit (loss) for the period | 9904 | €64,609 | -€73,790 | -€138,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,609 | -€73,790 | -€138,399 |
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 20 October 2026 via checked.be.