CHRISWOOD: 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.
CHRISWOOD
Largest movements
- Cash -€193,871
down €193,871 (-33.7%), from €574,562 to €380,692
mainly Contributions, distributions and other (-€153,000) and Receivables within one year (-€114,886)
- Receivables within one year +€114,886
up €114,886 (+877%), from €13,102 to €127,988
of which Trade receivables: +€108,366
- Stocks and contracts -€23,947
down €23,947 (-3.2%), from €747,204 to €723,257
- Trade debts -€90,733
down €90,733 (-23.3%), from €389,707 to €298,974
- Other debts -€18,769
down €18,769 (-10.5%), from €179,314 to €160,545
- Profit (loss) carried forward +€14,898
up €14,898 (+190%), from €7,830 to €22,727
- Gross operating margin -€5,613
down €5,613 (-2.2%), from €259,954 to €254,341
- Financial charges -€3,099
down €3,099 (-32.9%), from €9,426 to €6,327
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 | €1,355,899 | €1,239,060 | -€116,839 | -8.6% |
| Fixed assets | 21/28 | €10,707 | €6,799 | -€3,908 | -36.5% |
| Tangible fixed assets | 22/27 | €10,707 | €6,799 | -€3,908 | -36.5% |
| Plant, machinery and equipment | 23 | €10,229 | €6,799 | -€3,429 | -33.5% |
| Furniture and vehicles | 24 | €479 | €0 | -€479 | -100% |
| Current assets | 29/58 | €1,345,192 | €1,232,261 | -€112,931 | -8.4% |
| Stocks and contracts in progress | 3 | €747,204 | €723,257 | -€23,947 | -3.2% |
| Stocks | 30/36 | €747,204 | €723,257 | -€23,947 | -3.2% |
| Amounts receivable within one year | 40/41 | €13,102 | €127,988 | +€114,886 | +877% |
| Trade receivables | 40 | €5,453 | €113,819 | +€108,366 | +1,987% |
| Other amounts receivable | 41 | €7,648 | €14,168 | +€6,520 | +85.3% |
| Cash at bank and in hand | 54/58 | €574,562 | €380,692 | -€193,871 | -33.7% |
| Deferred charges and accrued income | 490/1 | €10,324 | €324 | -€10,000 | -96.9% |
| Total equity and liabilities | 10/49 | €1,355,899 | €1,239,060 | -€116,839 | -8.6% |
| Equity | 10/15 | €760,530 | €762,428 | +€1,898 | +0.2% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Capital | 10 | €87,500 | €87,500 | = | 0.0% |
| Issued capital | 100 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €665,200 | €652,200 | -€13,000 | -2.0% |
| Non-distributable reserves | 130/1 | €8,750 | €8,750 | = | 0.0% |
| Legal reserve | 130 | €8,750 | €8,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €57 | €57 | = | 0.0% |
| Distributable reserves | 133 | €656,393 | €643,393 | -€13,000 | -2.0% |
| Profit (loss) carried forward | 14 | €7,830 | €22,727 | +€14,898 | +190% |
| Amounts payable | 17/49 | €595,369 | €476,632 | -€118,737 | -19.9% |
| Amounts payable within one year | 42/48 | €595,369 | €476,632 | -€118,737 | -19.9% |
| Trade debts | 44 | €389,707 | €298,974 | -€90,733 | -23.3% |
| Suppliers | 440/4 | €389,707 | €298,974 | -€90,733 | -23.3% |
| Taxes, remuneration and social security | 45 | €26,348 | €17,113 | -€9,234 | -35.0% |
| Taxes | 450/3 | €24,123 | €14,813 | -€9,310 | -38.6% |
| Remuneration and social security | 454/9 | €2,225 | €2,300 | +€75 | +3.4% |
| Other amounts payable | 47/48 | €179,314 | €160,545 | -€18,769 | -10.5% |
| Remuneration, social security and pensions | 62 | €19,746 | €20,954 | +€1,208 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,173 | €3,908 | -€265 | -6.4% |
| Other operating charges | 640/8 | €2,346 | €2,422 | +€76 | +3.2% |
| Gross operating margin | 9900 | €259,954 | €254,341 | -€5,613 | -2.2% |
| Operating profit (loss) | 9901 | €233,689 | €227,057 | -€6,633 | -2.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -75.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -75.3% |
| Financial charges | 65/66B | €9,426 | €6,327 | -€3,099 | -32.9% |
| Recurring financial charges | 65 | €9,426 | €6,327 | -€3,099 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €224,264 | €220,730 | -€3,534 | -1.6% |
| Income taxes | 67/77 | €68,172 | €65,832 | -€2,341 | -3.4% |
| Profit (loss) for the period | 9904 | €156,092 | €154,898 | -€1,194 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €156,092 | €154,898 | -€1,194 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.