CHRISTOPHE: what changed
Two fiscal 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.
CHRISTOPHE
Largest movements
- Tangible fixed assets -€14,393
down €14,393 (-30.6%), from €47,087 to €32,694
of which Furniture and vehicles: -€14,393
- Profit (loss) carried forward -€23,669
down €23,669 (-16.7%), from -€141,390 to -€165,059
- Debts after one year +€12,800
up €12,800 (+5.1%), from €250,934 to €263,734
- Trade debts -€5,926
down €5,926 (-14.6%), from €40,527 to €34,601
of which Suppliers: -€6,765
- Short-term financial debts +€5,225
up €5,225 (+27.3%), from €19,165 to €24,390
- Tax, wage and social debts -€2,579
down €2,579 (-52.0%), from €4,956 to €2,377
- Gross operating margin +€12,250
up €12,250 (+79.2%), from -€15,465 to -€3,215
- Financial income -€4,315
no longer reported in 2025 (was €4,315)
- Financial charges +€644
up €644 (+19.3%), from €3,338 to €3,982
- Taxes +€320
up €320 (+120.0%), from €267 to €587
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,981 | €184,833 | -€14,148 | -7.1% |
| Fixed assets | 21/28 | €47,363 | €32,969 | -€14,393 | -30.4% |
| Tangible fixed assets | 22/27 | €47,087 | €32,694 | -€14,393 | -30.6% |
| Plant, machinery and equipment | 23 | €5,938 | €5,938 | = | 0.0% |
| Furniture and vehicles | 24 | €41,148 | €26,755 | -€14,393 | -35.0% |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €151,618 | €151,863 | +€245 | +0.2% |
| Stocks and contracts in progress | 3 | €150,168 | €150,602 | +€434 | +0.3% |
| Stocks | 30/36 | €150,168 | €150,602 | +€434 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,450 | €1,261 | -€189 | -13.0% |
| Trade receivables | 40 | €1,450 | €1,261 | -€189 | -13.0% |
| Total equity and liabilities | 10/49 | €198,981 | €184,833 | -€14,148 | -7.1% |
| Equity | 10/15 | -€116,601 | -€140,269 | -€23,669 | -20.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,390 | -€165,059 | -€23,669 | -16.7% |
| Amounts payable | 17/49 | €315,581 | €325,102 | +€9,521 | +3.0% |
| Amounts payable after more than one year | 17 | €250,934 | €263,734 | +€12,800 | +5.1% |
| Other amounts payable | 178/9 | €250,934 | €263,734 | +€12,800 | +5.1% |
| Amounts payable within one year | 42/48 | €64,648 | €61,368 | -€3,279 | -5.1% |
| Financial debts | 43 | €19,165 | €24,390 | +€5,225 | +27.3% |
| Credit institutions | 430/8 | €19,165 | €24,390 | +€5,225 | +27.3% |
| Trade debts | 44 | €40,527 | €34,601 | -€5,926 | -14.6% |
| Suppliers | 440/4 | €40,499 | €33,734 | -€6,765 | -16.7% |
| Bills of exchange payable | 441 | €28 | €867 | +€838 | +2972.3% |
| Taxes, remuneration and social security | 45 | €4,956 | €2,377 | -€2,579 | -52.0% |
| Taxes | 450/3 | €4,956 | €2,377 | -€2,579 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,523 | €14,523 | = | 0.0% |
| Other operating charges | 640/8 | €1,281 | €1,361 | +€80 | +6.3% |
| Gross operating margin | 9900 | -€15,465 | -€3,215 | +€12,250 | +79.2% |
| Operating profit (loss) | 9901 | -€31,269 | -€19,100 | +€12,169 | +38.9% |
| Financial income | 75/76B | €4,315 | - | -€4,315 | |
| Recurring financial income | 75 | €4,315 | - | -€4,315 | |
| Financial charges | 65/66B | €3,338 | €3,982 | +€644 | +19.3% |
| Recurring financial charges | 65 | €3,338 | €3,982 | +€644 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,292 | -€23,082 | +€7,210 | +23.8% |
| Income taxes | 67/77 | €267 | €587 | +€320 | +120.0% |
| Profit (loss) for the period | 9904 | -€30,559 | -€23,669 | +€6,890 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,559 | -€23,669 | +€6,890 | +22.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.