CHRISTOVAN: 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.
CHRISTOVAN
Largest movements
- Tangible fixed assets -€9,620
down €9,620 (-26.9%), from €35,748 to €26,128
of which Furniture and vehicles: -€6,046
- Cash +€8,748
up €8,748 (+628%), from €1,392 to €10,140
mainly Depreciation (+€9,398) and Net result for the year (+€4,774)
- Receivables within one year +€3,629
up €3,629 (+54.4%), from €6,673 to €10,302
of which Trade receivables: +€8,502
- Debts after one year -€8,334
down €8,334 (-35.4%), from €23,537 to €15,204
- Profit (loss) carried forward +€4,774
up €4,774 (+9.3%), from -€51,428 to -€46,654
- Tax, wage and social debts +€4,039
up €4,039 (+1,300%), from €311 to €4,350
- Other debts +€1,762
up €1,762 (+9.2%), from €19,143 to €20,905
- Trade debts +€968
up €968 (+12.7%), from €7,608 to €8,576
- Gross operating margin +€18,877
up €18,877, from -€2,864 to €16,013
- Depreciation +€3,223
up €3,223 (+52.2%), from €6,175 to €9,398
- Financial income +€425
up €425 (+14,171%), from €3 to €428
of which Non-recurring financial income: +€428
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 | €45,659 | €48,371 | +€2,711 | +5.9% |
| Fixed assets | 21/28 | €35,748 | €26,128 | -€9,620 | -26.9% |
| Tangible fixed assets | 22/27 | €35,748 | €26,128 | -€9,620 | -26.9% |
| Land and buildings | 22 | €6,641 | €3,347 | -€3,294 | -49.6% |
| Plant, machinery and equipment | 23 | €801 | €521 | -€280 | -35.0% |
| Furniture and vehicles | 24 | €28,306 | €22,260 | -€6,046 | -21.4% |
| Current assets | 29/58 | €9,911 | €22,242 | +€12,332 | +124% |
| Stocks and contracts in progress | 3 | €483 | €749 | +€265 | +54.9% |
| Stocks | 30/36 | €483 | €749 | +€265 | +54.9% |
| Amounts receivable within one year | 40/41 | €6,673 | €10,302 | +€3,629 | +54.4% |
| Trade receivables | 40 | - | €8,502 | +€8,502 | |
| Other amounts receivable | 41 | €6,673 | €1,800 | -€4,873 | -73.0% |
| Cash at bank and in hand | 54/58 | €1,392 | €10,140 | +€8,748 | +628% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,052 | -€311 | -22.8% |
| Total equity and liabilities | 10/49 | €45,659 | €48,371 | +€2,711 | +5.9% |
| Equity | 10/15 | -€13,761 | -€8,987 | +€4,774 | +34.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €12,666 | €12,666 | = | 0.0% |
| Distributable reserves | 133 | €12,666 | €12,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,428 | -€46,654 | +€4,774 | +9.3% |
| Amounts payable | 17/49 | €59,420 | €57,358 | -€2,063 | -3.5% |
| Amounts payable after more than one year | 17 | €23,537 | €15,204 | -€8,334 | -35.4% |
| Financial debts | 170/4 | €23,537 | €15,204 | -€8,334 | -35.4% |
| Amounts payable within one year | 42/48 | €35,883 | €42,154 | +€6,271 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €8,822 | €8,324 | -€498 | -5.6% |
| Trade debts | 44 | €7,608 | €8,576 | +€968 | +12.7% |
| Suppliers | 440/4 | €7,608 | €8,576 | +€968 | +12.7% |
| Taxes, remuneration and social security | 45 | €311 | €4,350 | +€4,039 | +1,300% |
| Taxes | 450/3 | €311 | €4,350 | +€4,039 | +1,300% |
| Other amounts payable | 47/48 | €19,143 | €20,905 | +€1,762 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,175 | €9,398 | +€3,223 | +52.2% |
| Other operating charges | 640/8 | €1,053 | €1,097 | +€43 | +4.1% |
| Gross operating margin | 9900 | -€2,864 | €16,013 | +€18,877 | |
| Operating profit (loss) | 9901 | -€10,092 | €5,518 | +€15,610 | |
| Financial income | 75/76B | €3 | €428 | +€425 | +14,171% |
| Recurring financial income | 75 | €3 | €428 | +€425 | +14,171% |
| Non-recurring financial income | 76B | - | €428 | +€428 | |
| Financial charges | 65/66B | €1,050 | €1,172 | +€123 | +11.7% |
| Recurring financial charges | 65 | €1,050 | €1,172 | +€123 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,139 | €4,774 | +€15,913 | |
| Profit (loss) for the period | 9904 | -€11,139 | €4,774 | +€15,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,139 | €4,774 | +€15,913 |
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 21 October 2026 via checked.be.