C.J.L.: 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.J.L.
Largest movements
- Tangible fixed assets -€16,342
down €16,342 (-3.0%), from €538,524 to €522,182
- Reserves -€11,733
down €11,733 (-3.1%), from €375,037 to €363,304
of which Tax-exempt reserves: -€11,733
- Gross operating margin +€541
up €541 (+10.1%), from €5,335 to €5,876
- Financial income +€530
new in 2025: €530
- Other operating charges -€442
down €442 (-27.3%), from €1,618 to €1,176
- Financial charges -€174
down €174 (-9.3%), from €1,882 to €1,708
- Depreciation +€86
up €86 (+0.5%), from €17,867 to €17,953
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 | €539,486 | €522,858 | -€16,629 | -3.1% |
| Fixed assets | 21/28 | €538,623 | €522,281 | -€16,342 | -3.0% |
| Tangible fixed assets | 22/27 | €538,524 | €522,182 | -€16,342 | -3.0% |
| Land and buildings | 22 | €538,524 | €522,182 | -€16,342 | -3.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €863 | €576 | -€287 | -33.2% |
| Cash at bank and in hand | 54/58 | €863 | €576 | -€287 | -33.2% |
| Total equity and liabilities | 10/49 | €539,486 | €522,858 | -€16,629 | -3.1% |
| Equity | 10/15 | €361,253 | €350,734 | -€10,519 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €375,037 | €363,304 | -€11,733 | -3.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €319,900 | €308,167 | -€11,733 | -3.7% |
| Distributable reserves | 133 | €53,278 | €53,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,376 | -€31,162 | +€1,214 | +3.8% |
| Provisions and deferred taxes | 16 | €105,018 | €101,106 | -€3,911 | -3.7% |
| Deferred taxes | 168 | €105,018 | €101,106 | -€3,911 | -3.7% |
| Amounts payable | 17/49 | €73,216 | €71,017 | -€2,198 | -3.0% |
| Amounts payable after more than one year | 17 | €36,615 | €31,915 | -€4,700 | -12.8% |
| Financial debts | 170/4 | €36,615 | €31,915 | -€4,700 | -12.8% |
| Amounts payable within one year | 42/48 | €36,001 | €39,102 | +€3,102 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €4,521 | €4,701 | +€180 | +4.0% |
| Trade debts | 44 | €712 | - | -€712 | |
| Suppliers | 440/4 | €712 | - | -€712 | |
| Other amounts payable | 47/48 | €30,768 | €34,401 | +€3,633 | +11.8% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,867 | €17,953 | +€86 | +0.5% |
| Other operating charges | 640/8 | €1,618 | €1,176 | -€442 | -27.3% |
| Gross operating margin | 9900 | €5,335 | €5,876 | +€541 | +10.1% |
| Operating profit (loss) | 9901 | -€14,150 | -€13,253 | +€897 | +6.3% |
| Financial income | 75/76B | - | €530 | +€530 | |
| Recurring financial income | 75 | - | €530 | +€530 | |
| Financial charges | 65/66B | €1,882 | €1,708 | -€174 | -9.3% |
| Recurring financial charges | 65 | €1,882 | €1,708 | -€174 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,032 | -€14,430 | +€1,602 | +10.0% |
| Transfer from deferred taxes | 780 | €3,898 | €3,911 | +€13 | +0.3% |
| Profit (loss) for the period | 9904 | -€12,134 | -€10,519 | +€1,614 | +13.3% |
| Transfer from tax-exempt reserves | 789 | €11,695 | €11,733 | +€38 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€439 | €1,214 | +€1,653 |
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 30 October 2026 via checked.be.