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
- Cash -€574
down €574 (-66.0%), from €870 to €296
mainly Net result for the year (-€397) and Debts after one year (-€244)
- Profit (loss) carried forward -€396
down €396 (-4.2%), from -€9,398 to -€9,794
- Debts after one year -€244
no longer reported in 2025 (was €244)
- Provisions +€67
up €67 (+30.5%), from €220 to €287
- Other operating charges -€112
down €112 (-45.9%), from €244 to €132
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 | €880 | €306 | -€574 | -65.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €880 | €306 | -€574 | -65.2% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €0 | = | |
| Current investments | 50/53 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €870 | €296 | -€574 | -66.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €880 | €306 | -€574 | -65.2% |
| Equity | 10/15 | €404 | €8 | -€396 | -98.0% |
| Contributions | 10/11 | €6,253 | €6,253 | = | 0.0% |
| Capital | 10 | €6,253 | €6,253 | = | 0.0% |
| Issued capital | 100 | €18,760 | €18,760 | = | 0.0% |
| Uncalled capital | 101 | €12,507 | €12,507 | = | 0.0% |
| Reserves | 13 | €3,549 | €3,549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,877 | €1,877 | = | 0.0% |
| Legal reserve | 130 | €1,877 | €1,877 | = | 0.0% |
| Distributable reserves | 133 | €1,672 | €1,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,398 | -€9,794 | -€396 | -4.2% |
| Provisions and deferred taxes | 16 | €220 | €287 | +€67 | +30.5% |
| Provisions for liabilities and charges | 160/5 | €220 | €287 | +€67 | +30.5% |
| Taxes | 161 | €220 | - | -€220 | |
| Other liabilities and charges | 164/5 | - | €287 | +€287 | |
| Amounts payable | 17/49 | €256 | €11 | -€245 | -95.7% |
| Amounts payable after more than one year | 17 | €244 | - | -€244 | |
| Other amounts payable | 178/9 | €244 | - | -€244 | |
| Amounts payable within one year | 42/48 | - | €0 | = | |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €12 | €11 | -€1 | -8.3% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €220 | €220 | = | 0.0% |
| Other operating charges | 640/8 | €244 | €132 | -€112 | -45.9% |
| Gross operating margin | 9900 | - | €0 | = | |
| Operating profit (loss) | 9901 | -€464 | -€352 | +€112 | +24.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€509 | -€397 | +€112 | +22.0% |
| Profit (loss) for the period | 9904 | -€509 | -€397 | +€112 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€509 | -€397 | +€112 | +22.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.