New St. Christophe: 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.
New St. Christophe
Largest movements
- Tangible fixed assets -€29,346
down €29,346 (-14.3%), from €205,074 to €175,728
of which Other tangible fixed assets: -€19,633
- Cash +€9,286
up €9,286 (+28.2%), from €32,960 to €42,246
mainly Depreciation (+€40,178) and Trade debts (+€16,837)
- Intangible fixed assets -€3,441
down €3,441 (-27.7%), from €12,441 to €9,000
- Debts after one year -€27,918
down €27,918 (-37.7%), from €74,136 to €46,218
- Trade debts +€16,837
up €16,837 (+45.1%), from €37,347 to €54,184
- Reserves -€16,023
down €16,023 (-27.3%), from €58,660 to €42,637
- Other debts +€5,354
up €5,354 (+35.2%), from €15,221 to €20,575
- Accrued charges and deferred income -€4,272
no longer reported in 2025 (was €4,272)
- Staff costs +€11,374
up €11,374 (+11.3%), from €100,902 to €112,276
- Gross operating margin +€5,995
up €5,995 (+4.3%), from €139,742 to €145,737
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 | €288,958 | €261,501 | -€27,457 | -9.5% |
| Fixed assets | 21/28 | €221,714 | €188,928 | -€32,787 | -14.8% |
| Intangible fixed assets | 21 | €12,441 | €9,000 | -€3,441 | -27.7% |
| Tangible fixed assets | 22/27 | €205,074 | €175,728 | -€29,346 | -14.3% |
| Plant, machinery and equipment | 23 | €11,292 | €11,376 | +€84 | +0.7% |
| Furniture and vehicles | 24 | €23,750 | €13,953 | -€9,797 | -41.3% |
| Other tangible fixed assets | 26 | €170,031 | €150,398 | -€19,633 | -11.5% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €67,244 | €72,574 | +€5,330 | +7.9% |
| Stocks and contracts in progress | 3 | €16,231 | €15,932 | -€299 | -1.8% |
| Stocks | 30/36 | €16,231 | €15,932 | -€299 | -1.8% |
| Amounts receivable within one year | 40/41 | €6,573 | €4,171 | -€2,403 | -36.6% |
| Trade receivables | 40 | €2,429 | €1,494 | -€936 | -38.5% |
| Other amounts receivable | 41 | €4,144 | €2,677 | -€1,467 | -35.4% |
| Cash at bank and in hand | 54/58 | €32,960 | €42,246 | +€9,286 | +28.2% |
| Deferred charges and accrued income | 490/1 | €11,480 | €10,225 | -€1,254 | -10.9% |
| Total equity and liabilities | 10/49 | €288,958 | €261,501 | -€27,457 | -9.5% |
| Equity | 10/15 | €108,660 | €92,637 | -€16,023 | -14.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €58,660 | €42,637 | -€16,023 | -27.3% |
| Distributable reserves | 133 | €58,660 | €42,637 | -€16,023 | -27.3% |
| Amounts payable | 17/49 | €180,298 | €168,865 | -€11,434 | -6.3% |
| Amounts payable after more than one year | 17 | €74,136 | €46,218 | -€27,918 | -37.7% |
| Financial debts | 170/4 | €74,136 | €46,218 | -€27,918 | -37.7% |
| Amounts payable within one year | 42/48 | €101,890 | €122,647 | +€20,757 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €27,422 | €27,918 | +€496 | +1.8% |
| Trade debts | 44 | €37,347 | €54,184 | +€16,837 | +45.1% |
| Suppliers | 440/4 | €37,347 | €54,184 | +€16,837 | +45.1% |
| Taxes, remuneration and social security | 45 | €21,900 | €19,970 | -€1,930 | -8.8% |
| Taxes | 450/3 | €8,995 | €11,432 | +€2,437 | +27.1% |
| Remuneration and social security | 454/9 | €12,905 | €8,538 | -€4,368 | -33.8% |
| Other amounts payable | 47/48 | €15,221 | €20,575 | +€5,354 | +35.2% |
| Accrued charges and deferred income | 492/3 | €4,272 | - | -€4,272 | |
| Remuneration, social security and pensions | 62 | €100,902 | €112,276 | +€11,374 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,766 | €40,178 | -€588 | -1.4% |
| Other operating charges | 640/8 | €2,308 | €2,688 | +€380 | +16.5% |
| Gross operating margin | 9900 | €139,742 | €145,737 | +€5,995 | +4.3% |
| Operating profit (loss) | 9901 | -€4,234 | -€9,405 | -€5,171 | -122% |
| Financial income | 75/76B | €629 | €29 | -€600 | -95.4% |
| Recurring financial income | 75 | €629 | €29 | -€600 | -95.4% |
| Financial charges | 65/66B | €7,242 | €6,446 | -€797 | -11.0% |
| Recurring financial charges | 65 | €7,242 | €6,446 | -€797 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,848 | -€15,822 | -€4,975 | -45.9% |
| Income taxes | 67/77 | €219 | €201 | -€18 | -8.0% |
| Profit (loss) for the period | 9904 | -€11,066 | -€16,023 | -€4,957 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,066 | -€16,023 | -€4,957 | -44.8% |
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 1 November 2026 via checked.be.