C.D.J.: 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.
C.D.J.
Largest movements
- Cash +€29,967
up €29,967 (+473%), from €6,339 to €36,306
mainly Other debts (+€29,403) and Depreciation (+€22,294)
- Stocks and contracts -€6,000
down €6,000 (-13.4%), from €44,750 to €38,750
- Receivables within one year +€5,923
up €5,923 (+42.9%), from €13,798 to €19,721
of which Other amounts receivable: +€10,896
- Tangible fixed assets -€5,443
down €5,443 (-3.9%), from €137,847 to €132,405
of which Land and buildings: -€7,311
- Other debts +€29,403
up €29,403 (+17,496%), from €168 to €29,571
- Reserves +€21,734
up €21,734 (+32.5%), from €66,793 to €88,527
- Debts after one year -€19,430
down €19,430 (-36.4%), from €53,440 to €34,010
- Current portion of long-term debt -€11,276
down €11,276 (-52.8%), from €21,340 to €10,065
- Tax, wage and social debts +€9,626
up €9,626 (+86.6%), from €11,112 to €20,738
of which Taxes: +€14,210
- Gross operating margin -€23,031
down €23,031 (-23.8%), from €96,779 to €73,747
- Staff costs -€7,770
down €7,770 (-47.2%), from €16,473 to €8,703
- Taxes +€6,537
up €6,537 (+117%), from €5,585 to €12,122
- Financial charges -€1,574
down €1,574 (-19.8%), from €7,958 to €6,385
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 | €203,067 | €227,513 | +€24,447 | +12.0% |
| Fixed assets | 21/28 | €138,180 | €132,737 | -€5,443 | -3.9% |
| Tangible fixed assets | 22/27 | €137,847 | €132,405 | -€5,443 | -3.9% |
| Land and buildings | 22 | €129,980 | €122,669 | -€7,311 | -5.6% |
| Plant, machinery and equipment | 23 | €5,597 | €6,503 | +€906 | +16.2% |
| Furniture and vehicles | 24 | €2,271 | €3,233 | +€962 | +42.3% |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €64,887 | €94,776 | +€29,889 | +46.1% |
| Stocks and contracts in progress | 3 | €44,750 | €38,750 | -€6,000 | -13.4% |
| Stocks | 30/36 | €44,750 | €38,750 | -€6,000 | -13.4% |
| Amounts receivable within one year | 40/41 | €13,798 | €19,721 | +€5,923 | +42.9% |
| Trade receivables | 40 | €13,114 | €8,140 | -€4,974 | -37.9% |
| Other amounts receivable | 41 | €684 | €11,580 | +€10,896 | +1,593% |
| Cash at bank and in hand | 54/58 | €6,339 | €36,306 | +€29,967 | +473% |
| Total equity and liabilities | 10/49 | €203,067 | €227,513 | +€24,447 | +12.0% |
| Equity | 10/15 | €98,018 | €119,752 | +€21,734 | +22.2% |
| Contributions | 10/11 | €31,225 | €31,225 | = | 0.0% |
| Reserves | 13 | €66,793 | €88,527 | +€21,734 | +32.5% |
| Distributable reserves | 133 | €66,793 | €88,527 | +€21,734 | +32.5% |
| Amounts payable | 17/49 | €105,049 | €107,761 | +€2,712 | +2.6% |
| Amounts payable after more than one year | 17 | €53,440 | €34,010 | -€19,430 | -36.4% |
| Financial debts | 170/4 | €53,440 | €34,010 | -€19,430 | -36.4% |
| Amounts payable within one year | 42/48 | €51,609 | €73,751 | +€22,142 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €21,340 | €10,065 | -€11,276 | -52.8% |
| Trade debts | 44 | €18,745 | €13,377 | -€5,368 | -28.6% |
| Suppliers | 440/4 | €18,745 | €13,377 | -€5,368 | -28.6% |
| Advances received on contracts in progress | 46 | €244 | - | -€244 | |
| Taxes, remuneration and social security | 45 | €11,112 | €20,738 | +€9,626 | +86.6% |
| Taxes | 450/3 | €6,529 | €20,738 | +€14,210 | +218% |
| Remuneration and social security | 454/9 | €4,584 | - | -€4,584 | |
| Other amounts payable | 47/48 | €168 | €29,571 | +€29,403 | +17,496% |
| Remuneration, social security and pensions | 62 | €16,473 | €8,703 | -€7,770 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,609 | €22,294 | -€315 | -1.4% |
| Other operating charges | 640/8 | €1,843 | €2,526 | +€683 | +37.0% |
| Gross operating margin | 9900 | €96,779 | €73,747 | -€23,031 | -23.8% |
| Operating profit (loss) | 9901 | €55,853 | €40,224 | -€15,629 | -28.0% |
| Financial income | 75/76B | €62 | €17 | -€45 | -72.8% |
| Recurring financial income | 75 | €62 | €17 | -€45 | -72.8% |
| Financial charges | 65/66B | €7,958 | €6,385 | -€1,574 | -19.8% |
| Recurring financial charges | 65 | €7,958 | €6,385 | -€1,574 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €47,956 | €33,856 | -€14,100 | -29.4% |
| Income taxes | 67/77 | €5,585 | €12,122 | +€6,537 | +117% |
| Profit (loss) for the period | 9904 | €42,372 | €21,734 | -€20,637 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,372 | €21,734 | -€20,637 | -48.7% |
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 13 October 2026 via checked.be.