CHRISTOM: 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.
What changed
CHRISTOM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€70,614
2024 · -€54,715+€125,329
Equity
€2.9m
2024 · €2.9m+€70,614
Cash
€42,740
2024 · €25,288+€17,452
Balance sheet total
€5.4m
2024 · €5.6m-€232,154
Largest movements
Assets
- Receivables within one year +€487,993
up €487,993 (+1,523%), from €32,050 to €520,043
of which Other amounts receivable: +€484,044
- Receivables after one year -€476,476
no longer reported in 2025 (was €476,476)
- Tangible fixed assets -€259,867
down €259,867 (-5.1%), from €5.1m to €4.8m
of which Land and buildings: -€213,657
Equity and liabilities
- Debts after one year -€257,130
down €257,130 (-11.3%), from €2.3m to €2.0m
- Profit (loss) carried forward +€71,644
up €71,644 (+15.3%), from €468,713 to €540,357
Income statement
- Gross operating margin +€146,927
up €146,927 (+28.6%), from €513,842 to €660,769
- Taxes +€31,407
new in 2025: €31,407
- Financial charges -€24,198
down €24,198 (-22.1%), from €109,733 to €85,535
- Depreciation +€15,134
up €15,134 (+6.0%), from €251,032 to €266,166
- Staff costs +€7,761
up €7,761 (+5.0%), from €156,478 to €164,239
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.
Result 2024
-€54,715
Gross operating margin
+€146,927
Staff costs
-€7,761
Depreciation
-€15,134
Other operating charges
+€7,404
Financial income
+€5
Financial charges
+€24,198
Taxes
-€31,407
Deferred taxes and other
+€1,097
Result 2025
€70,614
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€284,477
Investment
-€6,299
Financing
-€260,726
Cash 2024
€25,288
From operations (derived)
+€284,477
Net result for the year
+€70,614
Depreciation
+€266,166
Receivables after one year
+€476,476
Stocks and contracts
-€960
Receivables within one year
-€487,993
Deferred charges and accrued income
+€2,216
Provisions
-€2,151
Trade debts
-€55,426
Tax, wage and social debts
+€32,279
Accrued charges and deferred income
-€16,744
Investment (derived)
-€6,299
Investment in fixed assets (net)
-€6,299
Financing
-€260,726
Debts after one year
-€257,130
Current portion of long-term debt
-€3,596
Cash 2025
€42,740
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,613,458 | €5,381,304 | -€232,154 | -4.1% |
| Fixed assets | 21/28 | €5,074,126 | €4,814,258 | -€259,867 | -5.1% |
| Tangible fixed assets | 22/27 | €5,070,243 | €4,810,375 | -€259,867 | -5.1% |
| Land and buildings | 22 | €4,803,367 | €4,589,710 | -€213,657 | -4.4% |
| Plant, machinery and equipment | 23 | €205,550 | €171,250 | -€34,300 | -16.7% |
| Furniture and vehicles | 24 | €54,830 | €44,537 | -€10,292 | -18.8% |
| Other tangible fixed assets | 26 | €6,496 | €4,879 | -€1,617 | -24.9% |
| Financial fixed assets | 28 | €3,883 | €3,883 | = | 0.0% |
| Current assets | 29/58 | €539,333 | €567,046 | +€27,713 | +5.1% |
| Amounts receivable after more than one year | 29 | €476,476 | - | -€476,476 | |
| Other amounts receivable | 291 | €476,476 | - | -€476,476 | |
| Stocks and contracts in progress | 3 | €3,302 | €4,262 | +€960 | +29.1% |
| Stocks | 30/36 | €3,302 | €4,262 | +€960 | +29.1% |
| Amounts receivable within one year | 40/41 | €32,050 | €520,043 | +€487,993 | +1,523% |
| Trade receivables | 40 | €20,281 | €24,230 | +€3,949 | +19.5% |
| Other amounts receivable | 41 | €11,769 | €495,813 | +€484,044 | +4,113% |
| Cash at bank and in hand | 54/58 | €25,288 | €42,740 | +€17,452 | +69.0% |
| Deferred charges and accrued income | 490/1 | €2,216 | - | -€2,216 | |
| Total equity and liabilities | 10/49 | €5,613,458 | €5,381,304 | -€232,154 | -4.1% |
| Equity | 10/15 | €2,864,908 | €2,935,522 | +€70,614 | +2.5% |
| Contributions | 10/11 | €1,864,454 | €1,864,454 | = | 0.0% |
| Capital | 10 | €1,864,454 | €1,864,454 | = | 0.0% |
| Issued capital | 100 | €1,864,454 | €1,864,454 | = | 0.0% |
| Reserves | 13 | €531,741 | €530,711 | -€1,030 | -0.2% |
| Non-distributable reserves | 130/1 | €81,523 | €86,947 | +€5,424 | +6.7% |
| Legal reserve | 130 | €81,523 | €86,947 | +€5,424 | +6.7% |
| Tax-exempt reserves | 132 | €115,049 | €108,595 | -€6,454 | -5.6% |
| Distributable reserves | 133 | €335,168 | €335,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,713 | €540,357 | +€71,644 | +15.3% |
| Provisions and deferred taxes | 16 | €71,348 | €69,197 | -€2,151 | -3.0% |
| Deferred taxes | 168 | €71,348 | €69,197 | -€2,151 | -3.0% |
| Amounts payable | 17/49 | €2,677,202 | €2,376,585 | -€300,617 | -11.2% |
| Amounts payable after more than one year | 17 | €2,282,636 | €2,025,507 | -€257,130 | -11.3% |
| Financial debts | 170/4 | €2,282,636 | €2,025,507 | -€257,130 | -11.3% |
| Amounts payable within one year | 42/48 | €296,631 | €269,888 | -€26,743 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €163,931 | €160,335 | -€3,596 | -2.2% |
| Trade debts | 44 | €109,312 | €53,886 | -€55,426 | -50.7% |
| Suppliers | 440/4 | €109,312 | €53,886 | -€55,426 | -50.7% |
| Taxes, remuneration and social security | 45 | €23,388 | €55,667 | +€32,279 | +138% |
| Taxes | 450/3 | - | €31,407 | +€31,407 | |
| Remuneration and social security | 454/9 | €23,388 | €24,259 | +€872 | +3.7% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €97,934 | €81,191 | -€16,744 | -17.1% |
| Remuneration, social security and pensions | 62 | €156,478 | €164,239 | +€7,761 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,032 | €266,166 | +€15,134 | +6.0% |
| Other operating charges | 640/8 | €52,368 | €44,964 | -€7,404 | -14.1% |
| Gross operating margin | 9900 | €513,842 | €660,769 | +€146,927 | +28.6% |
| Operating profit (loss) | 9901 | €53,964 | €185,400 | +€131,436 | +244% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €109,733 | €85,535 | -€24,198 | -22.1% |
| Recurring financial charges | 65 | €109,733 | €85,535 | -€24,198 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,769 | €99,870 | +€155,639 | |
| Transfer from deferred taxes | 780 | €1,054 | €2,151 | +€1,097 | +104% |
| Income taxes | 67/77 | - | €31,407 | +€31,407 | |
| Profit (loss) for the period | 9904 | -€54,715 | €70,614 | +€125,329 | |
| Transfer from tax-exempt reserves | 789 | €11,695 | €6,454 | -€5,241 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,020 | €77,068 | +€120,088 |
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 14 October 2026 via checked.be.