C.J. Project: 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. Project
Largest movements
- Tangible fixed assets +€105,175
up €105,175 (+74.5%), from €141,165 to €246,340
of which Furniture and vehicles: +€117,695
- Receivables within one year +€32,908
new in 2024: €32,908
of which Other amounts receivable: +€23,778
- Cash -€21,499
down €21,499 (-28.8%), from €74,656 to €53,157
mainly Investment in fixed assets (net) (-€168,180) and Net result for the year (-€89,110)
- Stocks and contracts +€15,080
up €15,080 (+8.6%), from €174,993 to €190,073
- Deferred charges and accrued income +€12,330
new in 2024: €12,330
- Debts after one year +€162,752
up €162,752 (+192.7%), from €84,457 to €247,209
of which Other amounts payable: +€121,909
- Profit (loss) carried forward -€89,110
down €89,110 (-38.5%), from €231,634 to €142,524
- Other debts +€39,497
up €39,497 (+395.0%), from €10,000 to €49,497
- Current portion of long-term debt +€30,541
new in 2024: €30,541
- Tax, wage and social debts -€14,791
down €14,791 (-18.4%), from €80,211 to €65,420
of which Taxes: -€10,845
- Turnover -€276,668
down €276,668 (-26.6%), from €1.0m to €765,027
- Purchases and services -€167,268
down €167,268 (-21.7%), from €771,402 to €604,134
- Gross operating margin -€75,211
down €75,211 (-27.8%), from €270,372 to €195,161
- Staff costs +€50,066
up €50,066 (+34.0%), from €147,334 to €197,400
- Depreciation +€21,903
up €21,903 (+49.7%), from €44,043 to €65,945
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,663 | €589,716 | +€141,054 | +31.4% |
| Fixed assets | 21/28 | €199,014 | €301,249 | +€102,235 | +51.4% |
| Intangible fixed assets | 21 | €18,000 | €13,500 | -€4,500 | -25.0% |
| Tangible fixed assets | 22/27 | €141,165 | €246,340 | +€105,175 | +74.5% |
| Plant, machinery and equipment | 23 | €82,224 | €81,587 | -€637 | -0.8% |
| Furniture and vehicles | 24 | €11,015 | €128,710 | +€117,695 | +1068.5% |
| Other tangible fixed assets | 26 | €47,927 | €36,043 | -€11,884 | -24.8% |
| Financial fixed assets | 28 | €39,848 | €41,408 | +€1,560 | +3.9% |
| Current assets | 29/58 | €249,649 | €288,468 | +€38,819 | +15.5% |
| Stocks and contracts in progress | 3 | €174,993 | €190,073 | +€15,080 | +8.6% |
| Stocks | 30/36 | €174,993 | €190,073 | +€15,080 | +8.6% |
| Amounts receivable within one year | 40/41 | - | €32,908 | +€32,908 | |
| Trade receivables | 40 | - | €9,130 | +€9,130 | |
| Other amounts receivable | 41 | - | €23,778 | +€23,778 | |
| Cash at bank and in hand | 54/58 | €74,656 | €53,157 | -€21,499 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €12,330 | +€12,330 | |
| Total equity and liabilities | 10/49 | €448,663 | €589,716 | +€141,054 | +31.4% |
| Equity | 10/15 | €262,094 | €172,984 | -€89,110 | -34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,634 | €142,524 | -€89,110 | -38.5% |
| Amounts payable | 17/49 | €186,568 | €416,732 | +€230,164 | +123.4% |
| Amounts payable after more than one year | 17 | €84,457 | €247,209 | +€162,752 | +192.7% |
| Financial debts | 170/4 | €21,909 | €62,752 | +€40,843 | +186.4% |
| Other amounts payable | 178/9 | €62,548 | €184,457 | +€121,909 | +194.9% |
| Amounts payable within one year | 42/48 | €102,111 | €169,523 | +€67,411 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,541 | +€30,541 | |
| Financial debts | 43 | - | €6,250 | +€6,250 | |
| Credit institutions | 430/8 | - | €6,250 | +€6,250 | |
| Trade debts | 44 | €11,900 | €17,815 | +€5,915 | +49.7% |
| Suppliers | 440/4 | €11,900 | €17,815 | +€5,915 | +49.7% |
| Taxes, remuneration and social security | 45 | €80,211 | €65,420 | -€14,791 | -18.4% |
| Taxes | 450/3 | €61,031 | €50,186 | -€10,845 | -17.8% |
| Remuneration and social security | 454/9 | €19,180 | €15,234 | -€3,946 | -20.6% |
| Other amounts payable | 47/48 | €10,000 | €49,497 | +€39,497 | +395.0% |
| Turnover | 70 | €1,041,694 | €765,027 | -€276,668 | -26.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €771,402 | €604,134 | -€167,268 | -21.7% |
| Remuneration, social security and pensions | 62 | €147,334 | €197,400 | +€50,066 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,043 | €65,945 | +€21,903 | +49.7% |
| Other operating charges | 640/8 | €3,072 | €11,161 | +€8,089 | +263.3% |
| Gross operating margin | 9900 | €270,372 | €195,161 | -€75,211 | -27.8% |
| Operating profit (loss) | 9901 | €75,923 | -€79,345 | -€155,269 | |
| Financial charges | 65/66B | €2,855 | €6,581 | +€3,726 | +130.5% |
| Recurring financial charges | 65 | €2,855 | €6,581 | +€3,726 | +130.5% |
| Profit (loss) for the period before taxes | 9903 | €73,068 | -€85,926 | -€158,995 | |
| Income taxes | 67/77 | - | €3,184 | +€3,184 | |
| Profit (loss) for the period | 9904 | €73,068 | -€89,110 | -€162,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,068 | -€89,110 | -€162,179 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.