CAJEDEM: 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.
CAJEDEM
Largest movements
- Tangible fixed assets -€33,402
down €33,402 (-3.6%), from €920,728 to €887,326
- Cash +€23,155
up €23,155 (+57.4%), from €40,324 to €63,479
mainly Depreciation (+€40,719) and Deferred charges and accrued income (+€556)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,381
down €8,381 (-15.3%), from €54,631 to €46,250
- Depreciation -€2,111
down €2,111 (-4.9%), from €42,829 to €40,719
- Other operating charges +€989
up €989 (+7.9%), from €12,516 to €13,505
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 | €965,270 | €954,526 | -€10,744 | -1.1% |
| Fixed assets | 21/28 | €920,728 | €887,326 | -€33,402 | -3.6% |
| Tangible fixed assets | 22/27 | €920,728 | €887,326 | -€33,402 | -3.6% |
| Land and buildings | 22 | €920,728 | €887,326 | -€33,402 | -3.6% |
| Current assets | 29/58 | €44,542 | €67,200 | +€22,657 | +50.9% |
| Amounts receivable within one year | 40/41 | €58 | €116 | +€59 | +101.7% |
| Other amounts receivable | 41 | €58 | €116 | +€59 | +101.7% |
| Cash at bank and in hand | 54/58 | €40,324 | €63,479 | +€23,155 | +57.4% |
| Deferred charges and accrued income | 490/1 | €4,161 | €3,605 | -€556 | -13.4% |
| Total equity and liabilities | 10/49 | €965,270 | €954,526 | -€10,744 | -1.1% |
| Equity | 10/15 | €320,295 | €312,433 | -€7,862 | -2.5% |
| Contributions | 10/11 | €561,231 | €561,231 | = | 0.0% |
| Capital | 10 | €561,231 | €561,231 | = | 0.0% |
| Issued capital | 100 | €561,231 | €561,231 | = | 0.0% |
| Revaluation surpluses | 12 | €12,666 | €12,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,603 | -€261,465 | -€7,862 | -3.1% |
| Amounts payable | 17/49 | €644,975 | €642,093 | -€2,882 | -0.4% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,882 | €39,932 | -€2,950 | -6.9% |
| Trade debts | 44 | €170 | €200 | +€30 | +17.7% |
| Suppliers | 440/4 | €170 | €200 | +€30 | +17.7% |
| Other amounts payable | 47/48 | €42,712 | €39,732 | -€2,980 | -7.0% |
| Accrued charges and deferred income | 492/3 | €2,093 | €2,161 | +€68 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,829 | €40,719 | -€2,111 | -4.9% |
| Other operating charges | 640/8 | €12,516 | €13,505 | +€989 | +7.9% |
| Gross operating margin | 9900 | €54,631 | €46,250 | -€8,381 | -15.3% |
| Operating profit (loss) | 9901 | -€714 | -€7,973 | -€7,259 | -1016.9% |
| Financial income | 75/76B | €192 | €196 | +€4 | +2.1% |
| Recurring financial income | 75 | €192 | €196 | +€4 | +2.1% |
| Financial charges | 65/66B | €95 | €85 | -€10 | -10.1% |
| Recurring financial charges | 65 | €95 | €85 | -€10 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€616 | -€7,862 | -€7,246 | -1175.6% |
| Profit (loss) for the period | 9904 | -€616 | -€7,862 | -€7,246 | -1175.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | -€7,862 | -€7,246 | -1175.6% |
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 6 October 2026 via checked.be.