CHRISTOPHE WIDART: 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 WIDART
Largest movements
- Financial fixed assets -€665,134
no longer reported in 2025 (was €665,134)
- Receivables within one year +€529,307
up €529,307 (+2,662%), from €19,886 to €549,194
of which Other amounts receivable: +€499,808
- Cash +€10,595
up €10,595 (+106,591%), from €10 to €10,605
mainly Investment in fixed assets (net) (+€665,134) and Other debts (+€117,452)
- Profit (loss) carried forward -€258,395
down €258,395, from €162,505 to -€95,890
- Other debts +€117,452
up €117,452 (+25.0%), from €469,514 to €586,966
- Accrued charges and deferred income +€18,516
up €18,516 (+154,683%), from €12 to €18,528
- Tax, wage and social debts -€9,243
down €9,243 (-47.1%), from €19,620 to €10,377
- Gross operating margin -€161,895
down €161,895, from €71,308 to -€90,587
- Financial charges -€31,887
down €31,887 (-97.2%), from €32,815 to €928
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 | €686,677 | €561,394 | -€125,283 | -18.2% |
| Fixed assets | 21/28 | €666,050 | €215 | -€665,834 | -100.0% |
| Tangible fixed assets | 22/27 | €915 | €215 | -€700 | -76.5% |
| Furniture and vehicles | 24 | €915 | €215 | -€700 | -76.5% |
| Financial fixed assets | 28 | €665,134 | - | -€665,134 | |
| Current assets | 29/58 | €20,628 | €561,179 | +€540,551 | +2,620% |
| Amounts receivable within one year | 40/41 | €19,886 | €549,194 | +€529,307 | +2,662% |
| Trade receivables | 40 | €19,842 | €49,342 | +€29,499 | +149% |
| Other amounts receivable | 41 | €44 | €499,852 | +€499,808 | +1,133,351% |
| Cash at bank and in hand | 54/58 | €10 | €10,605 | +€10,595 | +106,591% |
| Deferred charges and accrued income | 490/1 | €732 | €1,381 | +€649 | +88.7% |
| Total equity and liabilities | 10/49 | €686,677 | €561,394 | -€125,283 | -18.2% |
| Equity | 10/15 | €191,941 | -€66,453 | -€258,395 | |
| Contributions | 10/11 | €25,998 | €25,998 | = | 0.0% |
| Reserves | 13 | €3,439 | €3,439 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,439 | €3,439 | = | 0.0% |
| Reserves not available under the articles | 1311 | €839 | €839 | = | 0.0% |
| Other | 1319 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,505 | -€95,890 | -€258,395 | |
| Amounts payable | 17/49 | €494,736 | €627,848 | +€133,111 | +26.9% |
| Amounts payable within one year | 42/48 | €494,724 | €609,320 | +€114,596 | +23.2% |
| Trade debts | 44 | €5,590 | €11,977 | +€6,387 | +114% |
| Suppliers | 440/4 | €5,590 | €11,977 | +€6,387 | +114% |
| Taxes, remuneration and social security | 45 | €19,620 | €10,377 | -€9,243 | -47.1% |
| Taxes | 450/3 | €19,620 | €10,377 | -€9,243 | -47.1% |
| Other amounts payable | 47/48 | €469,514 | €586,966 | +€117,452 | +25.0% |
| Accrued charges and deferred income | 492/3 | €12 | €18,528 | +€18,516 | +154,683% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €700 | -€221 | -24.0% |
| Other operating charges | 640/8 | €884 | €906 | +€22 | +2.5% |
| Non-recurring operating charges | 66A | - | €165,312 | +€165,312 | |
| Gross operating margin | 9900 | €71,308 | -€90,587 | -€161,895 | |
| Operating profit (loss) | 9901 | €69,503 | -€257,506 | -€327,009 | |
| Financial income | 75/76B | €0 | €412 | +€412 | +1,029,825% |
| Recurring financial income | 75 | €0 | €412 | +€412 | +1,029,825% |
| Financial charges | 65/66B | €32,815 | €928 | -€31,887 | -97.2% |
| Recurring financial charges | 65 | €32,815 | €928 | -€31,887 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €36,688 | -€258,022 | -€294,710 | |
| Income taxes | 67/77 | €358 | €372 | +€14 | +3.9% |
| Profit (loss) for the period | 9904 | €36,330 | -€258,395 | -€294,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,330 | -€258,395 | -€294,724 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.