CHRISTY: 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.
CHRISTY
Largest movements
- Receivables within one year +€190,085
up €190,085 (+73.9%), from €257,252 to €447,337
of which Trade receivables: +€110,205
- Tangible fixed assets +€50,408
up €50,408 (+2.5%), from €2.0m to €2.1m
of which Land and buildings: +€69,413
- Current investments -€35,000
down €35,000 (-70.0%), from €50,000 to €15,000
- Cash -€29,186
down €29,186 (-51.1%), from €57,073 to €27,887
mainly Investment in fixed assets (net) (-€220,417) and Receivables within one year (-€190,085)
- Trade debts +€176,310
up €176,310 (+37.3%), from €472,510 to €648,819
- Debts after one year -€68,812
down €68,812 (-4.7%), from €1.5m to €1.4m
of which Other amounts payable: -€114,883
- Tax, wage and social debts +€43,624
up €43,624 (+53.7%), from €81,224 to €124,848
of which Taxes: +€33,029
- Staff costs +€214,621
up €214,621 (+16.1%), from €1.3m to €1.6m
- Depreciation -€28,554
down €28,554 (-14.3%), from €200,312 to €171,758
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 | €2,421,936 | €2,601,881 | +€179,945 | +7.4% |
| Fixed assets | 21/28 | €2,012,744 | €2,061,402 | +€48,658 | +2.4% |
| Intangible fixed assets | 21 | €5,250 | €3,500 | -€1,750 | -33.3% |
| Tangible fixed assets | 22/27 | €2,004,946 | €2,055,354 | +€50,408 | +2.5% |
| Land and buildings | 22 | €1,879,731 | €1,949,144 | +€69,413 | +3.7% |
| Plant, machinery and equipment | 23 | €122,626 | €104,356 | -€18,270 | -14.9% |
| Furniture and vehicles | 24 | €2,589 | €1,854 | -€735 | -28.4% |
| Financial fixed assets | 28 | €2,548 | €2,548 | = | 0.0% |
| Current assets | 29/58 | €409,192 | €540,479 | +€131,287 | +32.1% |
| Stocks and contracts in progress | 3 | €44,868 | €50,103 | +€5,235 | +11.7% |
| Stocks | 30/36 | €44,868 | €50,103 | +€5,235 | +11.7% |
| Amounts receivable within one year | 40/41 | €257,252 | €447,337 | +€190,085 | +73.9% |
| Trade receivables | 40 | €252,418 | €362,624 | +€110,205 | +43.7% |
| Other amounts receivable | 41 | €4,833 | €84,713 | +€79,880 | +1652.7% |
| Current investments | 50/53 | €50,000 | €15,000 | -€35,000 | -70.0% |
| Cash at bank and in hand | 54/58 | €57,073 | €27,887 | -€29,186 | -51.1% |
| Deferred charges and accrued income | 490/1 | - | €152 | +€152 | |
| Total equity and liabilities | 10/49 | €2,421,936 | €2,601,881 | +€179,945 | +7.4% |
| Equity | 10/15 | €235,685 | €258,854 | +€23,169 | +9.8% |
| Contributions | 10/11 | €65,990 | €65,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,695 | €192,865 | +€23,169 | +13.7% |
| Amounts payable | 17/49 | €2,186,251 | €2,343,027 | +€156,776 | +7.2% |
| Amounts payable after more than one year | 17 | €1,455,239 | €1,386,427 | -€68,812 | -4.7% |
| Financial debts | 170/4 | €1,287,756 | €1,333,827 | +€46,071 | +3.6% |
| Other amounts payable | 178/9 | €167,483 | €52,600 | -€114,883 | -68.6% |
| Amounts payable within one year | 42/48 | €731,012 | €956,600 | +€225,588 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €176,605 | €176,501 | -€104 | -0.1% |
| Trade debts | 44 | €472,510 | €648,819 | +€176,310 | +37.3% |
| Suppliers | 440/4 | €472,510 | €648,819 | +€176,310 | +37.3% |
| Advances received on contracts in progress | 46 | - | €5,721 | +€5,721 | |
| Taxes, remuneration and social security | 45 | €81,224 | €124,848 | +€43,624 | +53.7% |
| Taxes | 450/3 | €524 | €33,553 | +€33,029 | +6298.4% |
| Remuneration and social security | 454/9 | €80,699 | €91,295 | +€10,595 | +13.1% |
| Other amounts payable | 47/48 | €674 | €711 | +€37 | +5.5% |
| Non-recurring operating income | 76A | €18,344 | €115,062 | +€96,718 | +527.3% |
| Remuneration, social security and pensions | 62 | €1,337,048 | €1,551,668 | +€214,621 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,312 | €171,758 | -€28,554 | -14.3% |
| Other operating charges | 640/8 | €37,154 | €20,958 | -€16,196 | -43.6% |
| Non-recurring operating charges | 66A | €50,102 | €977 | -€49,126 | -98.1% |
| Gross operating margin | 9900 | €1,823,744 | €1,832,555 | +€8,811 | +0.5% |
| Operating profit (loss) | 9901 | €199,128 | €87,194 | -€111,933 | -56.2% |
| Financial income | 75/76B | €476 | €6,727 | +€6,251 | +1313.0% |
| Recurring financial income | 75 | €476 | €6,727 | +€6,251 | +1313.0% |
| Financial charges | 65/66B | €78,076 | €70,552 | -€7,524 | -9.6% |
| Recurring financial charges | 65 | €78,076 | €70,552 | -€7,524 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €121,528 | €23,370 | -€98,158 | -80.8% |
| Income taxes | 67/77 | €524 | €200 | -€324 | -61.8% |
| Profit (loss) for the period | 9904 | €121,004 | €23,169 | -€97,834 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €121,004 | €23,169 | -€97,834 | -80.9% |
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.