CHRISTOPHER D.: 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.
CHRISTOPHER D.
Largest movements
- Cash -€17,192
down €17,192 (-33.8%), from €50,896 to €33,705
mainly Contributions, distributions and other (-€16,000) and Debts after one year (-€11,089)
- Tangible fixed assets -€10,462
down €10,462 (-5.5%), from €190,917 to €180,454
- Receivables within one year +€2,992
up €2,992 (+221.0%), from €1,354 to €4,346
of which Other amounts receivable: +€3,987
- Debts after one year -€11,089
down €11,089 (-6.4%), from €172,558 to €161,469
- Tax, wage and social debts -€8,885
down €8,885 (-24.1%), from €36,855 to €27,970
of which Taxes: -€10,964
- Profit (loss) carried forward -€6,636
down €6,636 (-28.4%), from €23,356 to €16,720
- Purchases and services -€91,398
no longer reported in 2025 (was €91,398)
- Staff costs +€10,468
up €10,468 (+11.1%), from €94,696 to €105,165
- Gross operating margin -€8,938
down €8,938 (-6.0%), from €149,146 to €140,208
- Taxes -€6,209
down €6,209 (-63.9%), from €9,722 to €3,513
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
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 | €249,123 | €222,931 | -€26,193 | -10.5% |
| Fixed assets | 21/28 | €190,917 | €180,454 | -€10,462 | -5.5% |
| Tangible fixed assets | 22/27 | €190,917 | €180,454 | -€10,462 | -5.5% |
| Land and buildings | 22 | €150,841 | €146,371 | -€4,470 | -3.0% |
| Plant, machinery and equipment | 23 | €27,002 | €23,601 | -€3,401 | -12.6% |
| Furniture and vehicles | 24 | €13,074 | €10,481 | -€2,592 | -19.8% |
| Current assets | 29/58 | €58,207 | €42,476 | -€15,730 | -27.0% |
| Stocks and contracts in progress | 3 | €5,957 | €4,426 | -€1,530 | -25.7% |
| Stocks | 30/36 | €5,957 | €4,426 | -€1,530 | -25.7% |
| Amounts receivable within one year | 40/41 | €1,354 | €4,346 | +€2,992 | +221.0% |
| Trade receivables | 40 | €1,354 | €359 | -€995 | -73.5% |
| Other amounts receivable | 41 | - | €3,987 | +€3,987 | |
| Cash at bank and in hand | 54/58 | €50,896 | €33,705 | -€17,192 | -33.8% |
| Total equity and liabilities | 10/49 | €249,123 | €222,931 | -€26,193 | -10.5% |
| Equity | 10/15 | €24,856 | €18,220 | -€6,636 | -26.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,356 | €16,720 | -€6,636 | -28.4% |
| Amounts payable | 17/49 | €224,268 | €204,711 | -€19,557 | -8.7% |
| Amounts payable after more than one year | 17 | €172,558 | €161,469 | -€11,089 | -6.4% |
| Financial debts | 170/4 | €172,558 | €161,469 | -€11,089 | -6.4% |
| Amounts payable within one year | 42/48 | €51,710 | €43,242 | -€8,468 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €10,553 | €11,089 | +€536 | +5.1% |
| Trade debts | 44 | €459 | €1,195 | +€736 | +160.2% |
| Suppliers | 440/4 | €459 | €1,195 | +€736 | +160.2% |
| Taxes, remuneration and social security | 45 | €36,855 | €27,970 | -€8,885 | -24.1% |
| Taxes | 450/3 | €21,598 | €10,634 | -€10,964 | -50.8% |
| Remuneration and social security | 454/9 | €15,257 | €17,336 | +€2,079 | +13.6% |
| Other amounts payable | 47/48 | €3,843 | €2,988 | -€855 | -22.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €91,398 | - | -€91,398 | |
| Remuneration, social security and pensions | 62 | €94,696 | €105,165 | +€10,468 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,730 | €10,810 | +€79 | +0.7% |
| Other operating charges | 640/8 | €2,038 | €2,269 | +€232 | +11.4% |
| Gross operating margin | 9900 | €149,146 | €140,208 | -€8,938 | -6.0% |
| Operating profit (loss) | 9901 | €41,682 | €21,965 | -€19,717 | -47.3% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €8,490 | €9,088 | +€598 | +7.0% |
| Recurring financial charges | 65 | €8,490 | €9,088 | +€598 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €33,251 | €12,877 | -€20,374 | -61.3% |
| Income taxes | 67/77 | €9,722 | €3,513 | -€6,209 | -63.9% |
| Profit (loss) for the period | 9904 | €23,529 | €9,364 | -€14,165 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,529 | €9,364 | -€14,165 | -60.2% |
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 11 October 2026 via checked.be.