Christoffels Relations: 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.
Christoffels Relations
Largest movements
- Cash +€35,319
up €35,319 (+425%), from €8,306 to €43,625
mainly Receivables within one year (+€11,733) and Net result for the year (+€11,059)
- Receivables within one year -€11,733
down €11,733 (-100.0%), from €11,735 to €2
of which Trade receivables: -€11,735
- Tangible fixed assets -€7,098
down €7,098 (-23.8%), from €29,786 to €22,689
- Reserves +€11,059
up €11,059 (+423%), from €2,615 to €13,674
- Other debts +€5,441
up €5,441 (+13.2%), from €41,347 to €46,788
- Tax, wage and social debts +€1,492
up €1,492 (+33.9%), from €4,395 to €5,887
- Trade debts -€1,341
down €1,341 (-66.8%), from €2,009 to €667
- Current portion of long-term debt -€853
no longer reported in 2025 (was €853)
- Gross operating margin +€4,328
up €4,328 (+25.2%), from €17,203 to €21,531
- Depreciation +€1,396
up €1,396 (+24.5%), from €5,701 to €7,098
- Taxes +€958
up €958 (+46.2%), from €2,075 to €3,034
- Other operating charges -€413
down €413 (-69.9%), from €592 to €178
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 | €54,220 | €70,016 | +€15,797 | +29.1% |
| Fixed assets | 21/28 | €29,786 | €22,689 | -€7,098 | -23.8% |
| Tangible fixed assets | 22/27 | €29,786 | €22,689 | -€7,098 | -23.8% |
| Furniture and vehicles | 24 | €29,786 | €22,689 | -€7,098 | -23.8% |
| Current assets | 29/58 | €24,433 | €47,327 | +€22,894 | +93.7% |
| Stocks and contracts in progress | 3 | €3,900 | €3,700 | -€200 | -5.1% |
| Contracts in progress | 37 | €3,900 | €3,700 | -€200 | -5.1% |
| Amounts receivable within one year | 40/41 | €11,735 | €2 | -€11,733 | -100.0% |
| Trade receivables | 40 | €11,735 | - | -€11,735 | |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €8,306 | €43,625 | +€35,319 | +425% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €54,220 | €70,016 | +€15,797 | +29.1% |
| Equity | 10/15 | €5,615 | €16,674 | +€11,059 | +197% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,615 | €13,674 | +€11,059 | +423% |
| Distributable reserves | 133 | €2,615 | €13,674 | +€11,059 | +423% |
| Amounts payable | 17/49 | €48,604 | €53,342 | +€4,738 | +9.7% |
| Amounts payable within one year | 42/48 | €48,604 | €53,342 | +€4,738 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €853 | - | -€853 | |
| Trade debts | 44 | €2,009 | €667 | -€1,341 | -66.8% |
| Suppliers | 440/4 | €2,009 | €667 | -€1,341 | -66.8% |
| Taxes, remuneration and social security | 45 | €4,395 | €5,887 | +€1,492 | +33.9% |
| Taxes | 450/3 | €4,395 | €5,887 | +€1,492 | +33.9% |
| Other amounts payable | 47/48 | €41,347 | €46,788 | +€5,441 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,701 | €7,098 | +€1,396 | +24.5% |
| Other operating charges | 640/8 | €592 | €178 | -€413 | -69.9% |
| Non-recurring operating charges | 66A | €3,364 | - | -€3,364 | |
| Gross operating margin | 9900 | €17,203 | €21,531 | +€4,328 | +25.2% |
| Operating profit (loss) | 9901 | €7,546 | €14,255 | +€6,709 | +88.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €296 | €163 | -€133 | -44.8% |
| Recurring financial charges | 65 | €296 | €163 | -€133 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €7,250 | €14,092 | +€6,842 | +94.4% |
| Income taxes | 67/77 | €2,075 | €3,034 | +€958 | +46.2% |
| Profit (loss) for the period | 9904 | €5,175 | €11,059 | +€5,884 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €5,175 | €11,059 | +€5,884 | +114% |
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.