CHRISTOPHE DEGIVE: 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.
CHRISTOPHE DEGIVE
Largest movements
- Receivables within one year -€9,873
down €9,873 (-36.2%), from €27,284 to €17,412
of which Trade receivables: -€11,168
- Tangible fixed assets +€9,695
up €9,695 (+612%), from €1,584 to €11,279
- Cash -€7,402
down €7,402 (-29.4%), from €25,160 to €17,758
mainly Net result for the year (-€15,412) and Investment in fixed assets (net) (-€15,281)
- Profit (loss) carried forward -€15,412
down €15,412, from €6,837 to -€8,574
- Current portion of long-term debt +€7,295
new in 2025: €7,295
- Trade debts +€4,755
up €4,755 (+77.0%), from €6,175 to €10,930
- Tax, wage and social debts -€4,194
down €4,194 (-49.1%), from €8,549 to €4,355
of which Taxes: -€4,194
- Debts after one year +€1,216
new in 2025: €1,216
- Purchases and services +€73,410
new in 2025: €73,410
- Turnover +€60,893
new in 2025: €60,893
- Gross operating margin +€7,384
up €7,384 (+42.7%), from -€17,304 to -€9,920
- Depreciation +€4,321
up €4,321 (+342%), from €1,265 to €5,586
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 | €54,299 | €46,907 | -€7,392 | -13.6% |
| Fixed assets | 21/28 | €1,584 | €11,279 | +€9,695 | +612% |
| Tangible fixed assets | 22/27 | €1,584 | €11,279 | +€9,695 | +612% |
| Furniture and vehicles | 24 | €1,584 | €11,279 | +€9,695 | +612% |
| Current assets | 29/58 | €52,714 | €35,627 | -€17,087 | -32.4% |
| Amounts receivable within one year | 40/41 | €27,284 | €17,412 | -€9,873 | -36.2% |
| Trade receivables | 40 | €27,284 | €16,116 | -€11,168 | -40.9% |
| Other amounts receivable | 41 | €0 | €1,295 | +€1,295 | |
| Cash at bank and in hand | 54/58 | €25,160 | €17,758 | -€7,402 | -29.4% |
| Deferred charges and accrued income | 490/1 | €270 | €457 | +€188 | +69.6% |
| Total equity and liabilities | 10/49 | €54,299 | €46,907 | -€7,392 | -13.6% |
| Equity | 10/15 | €38,521 | €23,110 | -€15,412 | -40.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €19,284 | €19,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,284 | €1,284 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,284 | €1,284 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,837 | -€8,574 | -€15,412 | |
| Amounts payable | 17/49 | €15,777 | €23,797 | +€8,020 | +50.8% |
| Amounts payable after more than one year | 17 | - | €1,216 | +€1,216 | |
| Financial debts | 170/4 | - | €1,216 | +€1,216 | |
| Amounts payable within one year | 42/48 | €15,777 | €22,581 | +€6,804 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,295 | +€7,295 | |
| Trade debts | 44 | €6,175 | €10,930 | +€4,755 | +77.0% |
| Suppliers | 440/4 | €6,175 | €10,930 | +€4,755 | +77.0% |
| Taxes, remuneration and social security | 45 | €8,549 | €4,355 | -€4,194 | -49.1% |
| Taxes | 450/3 | €8,549 | €4,355 | -€4,194 | -49.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,053 | €0 | -€1,053 | -100% |
| Turnover | 70 | - | €60,893 | +€60,893 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,410 | +€73,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,265 | €5,586 | +€4,321 | +342% |
| Other operating charges | 640/8 | €1,081 | €993 | -€88 | -8.1% |
| Gross operating margin | 9900 | -€17,304 | -€9,920 | +€7,384 | +42.7% |
| Operating profit (loss) | 9901 | -€19,650 | -€16,499 | +€3,151 | +16.0% |
| Financial income | 75/76B | €384 | €166 | -€217 | -56.6% |
| Recurring financial income | 75 | €384 | €166 | -€217 | -56.6% |
| Financial charges | 65/66B | €169 | €683 | +€514 | +304% |
| Recurring financial charges | 65 | €169 | €683 | +€514 | +304% |
| Profit (loss) for the period before taxes | 9903 | -€19,436 | -€17,016 | +€2,420 | +12.4% |
| Income taxes | 67/77 | -€1,362 | -€1,605 | -€243 | -17.8% |
| Profit (loss) for the period | 9904 | -€18,074 | -€15,412 | +€2,662 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,074 | -€15,412 | +€2,662 | +14.7% |
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 17 October 2026 via checked.be.