CHRISTOPH: 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.
CHRISTOPH
Largest movements
- Tangible fixed assets +€46,670
up €46,670 (+19,446%), from €240 to €46,910
- Cash +€22,117
up €22,117 (+7.6%), from €291,010 to €313,127
mainly Net result for the year (+€76,069) and Tax, wage and social debts (+€8,942)
- Profit (loss) carried forward +€76,069
up €76,069 (+55.3%), from €137,629 to €213,698
- Accrued charges and deferred income -€21,436
down €21,436 (-27.6%), from €77,655 to €56,219
- Tax, wage and social debts +€8,942
up €8,942 (+21.9%), from €40,822 to €49,764
of which Taxes: +€16,974
- Staff costs -€51,860
down €51,860 (-13.4%), from €388,227 to €336,367
- Gross operating margin -€25,161
down €25,161 (-5.5%), from €456,977 to €431,816
- Taxes +€16,974
up €16,974 (+181%), from €9,369 to €26,343
- Depreciation +€5,186
up €5,186 (+223%), from €2,330 to €7,516
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 | €770,497 | €834,072 | +€63,575 | +8.3% |
| Fixed assets | 21/28 | €2,267 | €48,937 | +€46,670 | +2,059% |
| Tangible fixed assets | 22/27 | €240 | €46,910 | +€46,670 | +19,446% |
| Plant, machinery and equipment | 23 | €240 | €46,910 | +€46,670 | +19,446% |
| Financial fixed assets | 28 | €2,027 | €2,027 | = | 0.0% |
| Current assets | 29/58 | €768,230 | €785,135 | +€16,905 | +2.2% |
| Amounts receivable within one year | 40/41 | €477,220 | €472,008 | -€5,212 | -1.1% |
| Other amounts receivable | 41 | €477,220 | €472,008 | -€5,212 | -1.1% |
| Cash at bank and in hand | 54/58 | €291,010 | €313,127 | +€22,117 | +7.6% |
| Total equity and liabilities | 10/49 | €770,497 | €834,072 | +€63,575 | +8.3% |
| Equity | 10/15 | €652,020 | €728,089 | +€76,069 | +11.7% |
| Contributions | 10/11 | €464,800 | €464,800 | = | 0.0% |
| Reserves | 13 | €49,591 | €49,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,025 | €39,025 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,025 | €39,025 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,566 | €10,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,629 | €213,698 | +€76,069 | +55.3% |
| Amounts payable | 17/49 | €118,477 | €105,983 | -€12,494 | -10.5% |
| Amounts payable within one year | 42/48 | €40,822 | €49,764 | +€8,942 | +21.9% |
| Taxes, remuneration and social security | 45 | €40,822 | €49,764 | +€8,942 | +21.9% |
| Taxes | 450/3 | €9,369 | €26,343 | +€16,974 | +181% |
| Remuneration and social security | 454/9 | €31,453 | €23,421 | -€8,032 | -25.5% |
| Accrued charges and deferred income | 492/3 | €77,655 | €56,219 | -€21,436 | -27.6% |
| Remuneration, social security and pensions | 62 | €388,227 | €336,367 | -€51,860 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,330 | €7,516 | +€5,186 | +223% |
| Gross operating margin | 9900 | €456,977 | €431,816 | -€25,161 | -5.5% |
| Operating profit (loss) | 9901 | €66,420 | €87,933 | +€21,513 | +32.4% |
| Financial income | 75/76B | €15,308 | €16,427 | +€1,119 | +7.3% |
| Recurring financial income | 75 | €15,308 | €16,427 | +€1,119 | +7.3% |
| Financial charges | 65/66B | - | €1,948 | +€1,948 | |
| Recurring financial charges | 65 | - | €1,948 | +€1,948 | |
| Profit (loss) for the period before taxes | 9903 | €81,728 | €102,412 | +€20,684 | +25.3% |
| Income taxes | 67/77 | €9,369 | €26,343 | +€16,974 | +181% |
| Profit (loss) for the period | 9904 | €72,359 | €76,069 | +€3,710 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,359 | €76,069 | +€3,710 | +5.1% |
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 23 October 2026 via checked.be.