C.A.J.: what changed
Two fiscal 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.
C.A.J.
Largest movements
- Tangible fixed assets -€1,430
down €1,430 (-4.1%), from €34,678 to €33,248
of which Land and buildings: -€1,558
- Cash +€1,174
up €1,174 (+33.8%), from €3,472 to €4,646
mainly Depreciation (+€4,079) and Deferred charges and accrued income (+€62)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,904
down €5,904 (-42.8%), from €13,796 to €7,892
- Depreciation +€356
up €356 (+9.6%), from €3,723 to €4,079
- Other operating charges +€141
up €141 (+3.7%), from €3,795 to €3,935
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 | €39,250 | €38,932 | -€318 | -0.8% |
| Fixed assets | 21/28 | €34,678 | €33,248 | -€1,430 | -4.1% |
| Tangible fixed assets | 22/27 | €34,678 | €33,248 | -€1,430 | -4.1% |
| Land and buildings | 22 | €30,436 | €28,878 | -€1,558 | -5.1% |
| Plant, machinery and equipment | 23 | €3,201 | €3,694 | +€493 | +15.4% |
| Furniture and vehicles | 24 | €1,041 | €676 | -€365 | -35.0% |
| Current assets | 29/58 | €4,571 | €5,683 | +€1,112 | +24.3% |
| Cash at bank and in hand | 54/58 | €3,472 | €4,646 | +€1,174 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,099 | €1,037 | -€62 | -5.6% |
| Total equity and liabilities | 10/49 | €39,250 | €38,932 | -€318 | -0.8% |
| Equity | 10/15 | €39,022 | €38,705 | -€317 | -0.8% |
| Contributions | 10/11 | €116,485 | €116,485 | = | 0.0% |
| Capital | 10 | €116,485 | €116,485 | = | 0.0% |
| Issued capital | 100 | €116,485 | €116,485 | = | 0.0% |
| Reserves | 13 | €1,818 | €1,818 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,818 | €1,818 | = | 0.0% |
| Legal reserve | 130 | €1,818 | €1,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,281 | -€79,599 | -€317 | -0.4% |
| Amounts payable | 17/49 | €228 | €227 | -€0 | -0.1% |
| Amounts payable within one year | 42/48 | €228 | €227 | -€0 | -0.1% |
| Trade debts | 44 | €145 | €145 | -€0 | -0.2% |
| Suppliers | 440/4 | €145 | €145 | -€0 | -0.2% |
| Other amounts payable | 47/48 | €82 | €82 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,723 | €4,079 | +€356 | +9.6% |
| Other operating charges | 640/8 | €3,795 | €3,935 | +€141 | +3.7% |
| Gross operating margin | 9900 | €13,796 | €7,892 | -€5,904 | -42.8% |
| Operating profit (loss) | 9901 | €6,278 | -€122 | -€6,401 | |
| Financial charges | 65/66B | €73 | €195 | +€122 | +167.5% |
| Recurring financial charges | 65 | €73 | €195 | +€122 | +167.5% |
| Profit (loss) for the period before taxes | 9903 | €6,206 | -€317 | -€6,523 | |
| Profit (loss) for the period | 9904 | €6,206 | -€317 | -€6,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,206 | -€317 | -€6,523 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.