CRISTAEL: 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.
CRISTAEL
Largest movements
- Receivables within one year -€26,541
down €26,541 (-14.0%), from €189,979 to €163,438
- Stocks and contracts +€15,681
up €15,681 (+12.4%), from €126,260 to €141,941
- Cash +€5,079
up €5,079 (+412%), from €1,231 to €6,311
mainly Receivables within one year (+€26,541) and Trade debts (+€13,470)
- Tangible fixed assets -€4,245
down €4,245 (-50.9%), from €8,333 to €4,088
of which Furniture and vehicles: -€3,345
- Other debts -€15,439
down €15,439 (-9.0%), from €171,504 to €156,065
- Trade debts +€13,470
up €13,470 (+302%), from €4,462 to €17,932
- Tax, wage and social debts -€4,334
down €4,334 (-34.1%), from €12,729 to €8,394
- Financial charges +€5,182
up €5,182 (+800%), from €648 to €5,830
- Gross operating margin -€3,486
down €3,486 (-29.4%), from €11,877 to €8,390
- Taxes -€1,571
no longer reported in 2025 (was €1,571)
- Depreciation +€1,471
up €1,471 (+53.0%), from €2,774 to €4,245
- Other operating charges -€528
down €528 (-39.1%), from €1,353 to €824
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 | €334,584 | €322,497 | -€12,086 | -3.6% |
| Fixed assets | 21/28 | €12,993 | €8,748 | -€4,245 | -32.7% |
| Tangible fixed assets | 22/27 | €8,333 | €4,088 | -€4,245 | -50.9% |
| Plant, machinery and equipment | 23 | €1,529 | €629 | -€900 | -58.9% |
| Furniture and vehicles | 24 | €6,804 | €3,459 | -€3,345 | -49.2% |
| Financial fixed assets | 28 | €4,660 | €4,660 | = | 0.0% |
| Current assets | 29/58 | €321,591 | €313,750 | -€7,841 | -2.4% |
| Stocks and contracts in progress | 3 | €126,260 | €141,941 | +€15,681 | +12.4% |
| Stocks | 30/36 | €126,260 | €141,941 | +€15,681 | +12.4% |
| Amounts receivable within one year | 40/41 | €189,979 | €163,438 | -€26,541 | -14.0% |
| Trade receivables | 40 | €189,979 | €163,438 | -€26,541 | -14.0% |
| Cash at bank and in hand | 54/58 | €1,231 | €6,311 | +€5,079 | +412% |
| Deferred charges and accrued income | 490/1 | €4,120 | €2,060 | -€2,060 | -50.0% |
| Total equity and liabilities | 10/49 | €334,584 | €322,497 | -€12,086 | -3.6% |
| Equity | 10/15 | €142,615 | €140,106 | -€2,508 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,163 | €119,655 | -€2,508 | -2.1% |
| Amounts payable | 17/49 | €191,969 | €182,391 | -€9,578 | -5.0% |
| Amounts payable within one year | 42/48 | €191,969 | €182,391 | -€9,578 | -5.0% |
| Financial debts | 43 | €3,274 | - | -€3,274 | |
| Credit institutions | 430/8 | €3,274 | - | -€3,274 | |
| Trade debts | 44 | €4,462 | €17,932 | +€13,470 | +302% |
| Suppliers | 440/4 | €4,462 | €17,932 | +€13,470 | +302% |
| Taxes, remuneration and social security | 45 | €12,729 | €8,394 | -€4,334 | -34.1% |
| Taxes | 450/3 | €12,729 | €8,394 | -€4,334 | -34.1% |
| Other amounts payable | 47/48 | €171,504 | €156,065 | -€15,439 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,774 | €4,245 | +€1,471 | +53.0% |
| Other operating charges | 640/8 | €1,353 | €824 | -€528 | -39.1% |
| Gross operating margin | 9900 | €11,877 | €8,390 | -€3,486 | -29.4% |
| Operating profit (loss) | 9901 | €7,750 | €3,321 | -€4,429 | -57.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €648 | €5,830 | +€5,182 | +800% |
| Recurring financial charges | 65 | €648 | €5,830 | +€5,182 | +800% |
| Profit (loss) for the period before taxes | 9903 | €7,102 | -€2,508 | -€9,610 | |
| Income taxes | 67/77 | €1,571 | - | -€1,571 | |
| Profit (loss) for the period | 9904 | €5,531 | -€2,508 | -€8,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,531 | -€2,508 | -€8,039 |
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 23 October 2026 via checked.be.