C.J.T.: 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.T.
Largest movements
- Tangible fixed assets -€13,869
down €13,869 (-19.6%), from €70,747 to €56,878
of which Furniture and vehicles: -€11,435
- Cash +€8,476
up €8,476 (+12.3%), from €68,846 to €77,322
mainly Depreciation (+€21,236) and Tax, wage and social debts (+€8,249)
- Stocks and contracts -€5,472
down €5,472 (-32.8%), from €16,674 to €11,203
- Receivables within one year -€3,500
down €3,500 (-25.9%), from €13,500 to €10,000
- Profit (loss) carried forward -€15,183
down €15,183 (-50.8%), from -€29,898 to -€45,081
- Tax, wage and social debts +€8,249
up €8,249 (+35.2%), from €23,443 to €31,692
of which Remuneration and social security: +€7,068
- Trade debts -€7,430
down €7,430 (-44.4%), from €16,750 to €9,319
- Gross operating margin +€22,888
up €22,888 (+11.5%), from €198,762 to €221,650
- Staff costs +€19,890
up €19,890 (+10.5%), from €188,937 to €208,827
- Other operating charges +€5,086
up €5,086 (+626.4%), from €812 to €5,898
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 | €176,100 | €161,735 | -€14,365 | -8.2% |
| Fixed assets | 21/28 | €77,080 | €63,211 | -€13,869 | -18.0% |
| Tangible fixed assets | 22/27 | €70,747 | €56,878 | -€13,869 | -19.6% |
| Plant, machinery and equipment | 23 | €37,590 | €35,156 | -€2,434 | -6.5% |
| Furniture and vehicles | 24 | €33,157 | €21,722 | -€11,435 | -34.5% |
| Financial fixed assets | 28 | €6,333 | €6,333 | = | 0.0% |
| Current assets | 29/58 | €99,020 | €98,524 | -€496 | -0.5% |
| Stocks and contracts in progress | 3 | €16,674 | €11,203 | -€5,472 | -32.8% |
| Stocks | 30/36 | €16,674 | €11,203 | -€5,472 | -32.8% |
| Amounts receivable within one year | 40/41 | €13,500 | €10,000 | -€3,500 | -25.9% |
| Other amounts receivable | 41 | €13,500 | €10,000 | -€3,500 | -25.9% |
| Cash at bank and in hand | 54/58 | €68,846 | €77,322 | +€8,476 | +12.3% |
| Total equity and liabilities | 10/49 | €176,100 | €161,735 | -€14,365 | -8.2% |
| Equity | 10/15 | €77,660 | €62,477 | -€15,183 | -19.6% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €83,558 | €83,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €81,158 | €81,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,898 | -€45,081 | -€15,183 | -50.8% |
| Amounts payable | 17/49 | €98,440 | €99,258 | +€818 | +0.8% |
| Amounts payable within one year | 42/48 | €98,440 | €99,258 | +€818 | +0.8% |
| Trade debts | 44 | €16,750 | €9,319 | -€7,430 | -44.4% |
| Suppliers | 440/4 | €16,750 | €9,319 | -€7,430 | -44.4% |
| Taxes, remuneration and social security | 45 | €23,443 | €31,692 | +€8,249 | +35.2% |
| Taxes | 450/3 | €2,398 | €3,579 | +€1,180 | +49.2% |
| Remuneration and social security | 454/9 | €21,045 | €28,113 | +€7,068 | +33.6% |
| Other amounts payable | 47/48 | €58,247 | €58,247 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €188,937 | €208,827 | +€19,890 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,458 | €21,236 | +€778 | +3.8% |
| Other operating charges | 640/8 | €812 | €5,898 | +€5,086 | +626.4% |
| Gross operating margin | 9900 | €198,762 | €221,650 | +€22,888 | +11.5% |
| Operating profit (loss) | 9901 | -€11,445 | -€14,310 | -€2,866 | -25.0% |
| Financial charges | 65/66B | €2,626 | €872 | -€1,753 | -66.8% |
| Recurring financial charges | 65 | €2,626 | €872 | -€1,753 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,070 | -€15,183 | -€1,112 | -7.9% |
| Profit (loss) for the period | 9904 | -€14,070 | -€15,183 | -€1,112 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,070 | -€15,183 | -€1,112 | -7.9% |
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 9 October 2026 via checked.be.