CAJEPHI: 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.
CAJEPHI
Largest movements
- Cash +€30,773
up €30,773 (+34.2%), from €89,973 to €120,746
mainly Trade debts (+€43,854) and Depreciation (+€6,913)
- Stocks and contracts +€10,000
up €10,000 (+6.6%), from €152,266 to €162,266
- Tangible fixed assets -€3,901
down €3,901 (-31.3%), from €12,473 to €8,572
of which Plant, machinery and equipment: -€2,898
- Trade debts +€43,854
up €43,854 (+65.7%), from €66,708 to €110,562
- Other debts -€9,745
down €9,745 (-75.8%), from €12,858 to €3,113
- Staff costs +€7,466
up €7,466 (+8.6%), from €86,352 to €93,819
- Taxes +€5,320
up €5,320 (+69.5%), from €7,655 to €12,975
- Financial charges +€4,575
up €4,575 (+54.6%), from €8,372 to €12,947
- Depreciation +€2,037
up €2,037 (+41.8%), from €4,876 to €6,913
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 | €275,797 | €311,485 | +€35,687 | +12.9% |
| Fixed assets | 21/28 | €20,192 | €16,291 | -€3,901 | -19.3% |
| Tangible fixed assets | 22/27 | €12,473 | €8,572 | -€3,901 | -31.3% |
| Plant, machinery and equipment | 23 | €9,563 | €6,665 | -€2,898 | -30.3% |
| Furniture and vehicles | 24 | €2,290 | €1,597 | -€693 | -30.3% |
| Other tangible fixed assets | 26 | €620 | €310 | -€310 | -50.0% |
| Financial fixed assets | 28 | €7,719 | €7,719 | = | 0.0% |
| Current assets | 29/58 | €255,605 | €295,194 | +€39,589 | +15.5% |
| Stocks and contracts in progress | 3 | €152,266 | €162,266 | +€10,000 | +6.6% |
| Stocks | 30/36 | €152,266 | €162,266 | +€10,000 | +6.6% |
| Amounts receivable within one year | 40/41 | €13,366 | €12,182 | -€1,184 | -8.9% |
| Trade receivables | 40 | €2,270 | €689 | -€1,581 | -69.6% |
| Other amounts receivable | 41 | €11,096 | €11,493 | +€397 | +3.6% |
| Cash at bank and in hand | 54/58 | €89,973 | €120,746 | +€30,773 | +34.2% |
| Total equity and liabilities | 10/49 | €275,797 | €311,485 | +€35,687 | +12.9% |
| Equity | 10/15 | €151,305 | €153,723 | +€2,418 | +1.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Contributions outside capital | 11 | €30,987 | €30,987 | = | 0.0% |
| Other | 1109/19 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €48,249 | €48,249 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €43,292 | €43,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,069 | €74,487 | +€2,418 | +3.4% |
| Amounts payable | 17/49 | €124,492 | €157,762 | +€33,270 | +26.7% |
| Amounts payable within one year | 42/48 | €124,492 | €157,762 | +€33,270 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €22,511 | €22,511 | = | 0.0% |
| Trade debts | 44 | €66,708 | €110,562 | +€43,854 | +65.7% |
| Suppliers | 440/4 | €66,708 | €110,562 | +€43,854 | +65.7% |
| Taxes, remuneration and social security | 45 | €22,415 | €21,576 | -€839 | -3.7% |
| Taxes | 450/3 | €6,477 | €3,271 | -€3,206 | -49.5% |
| Remuneration and social security | 454/9 | €15,937 | €18,305 | +€2,367 | +14.9% |
| Other amounts payable | 47/48 | €12,858 | €3,113 | -€9,745 | -75.8% |
| Remuneration, social security and pensions | 62 | €86,352 | €93,819 | +€7,466 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,876 | €6,913 | +€2,037 | +41.8% |
| Other operating charges | 640/8 | €991 | €1,620 | +€629 | +63.5% |
| Gross operating margin | 9900 | €130,449 | €130,665 | +€216 | +0.2% |
| Operating profit (loss) | 9901 | €38,230 | €28,314 | -€9,916 | -25.9% |
| Financial income | 75/76B | €186 | €26 | -€160 | -86.0% |
| Recurring financial income | 75 | €186 | €26 | -€160 | -86.0% |
| Financial charges | 65/66B | €8,372 | €12,947 | +€4,575 | +54.6% |
| Recurring financial charges | 65 | €8,372 | €12,947 | +€4,575 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €30,044 | €15,393 | -€14,651 | -48.8% |
| Income taxes | 67/77 | €7,655 | €12,975 | +€5,320 | +69.5% |
| Profit (loss) for the period | 9904 | €22,389 | €2,418 | -€19,971 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,389 | €2,418 | -€19,971 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.