CAJMI: 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.
CAJMI
Largest movements
- Intangible fixed assets +€33,788
up €33,788 (+98448.7%), from €34 to €33,822
- Receivables within one year -€29,513
down €29,513 (-100.0%), from €29,513 to €0
of which Other amounts receivable: -€20,906
- Stocks and contracts +€15,000
new in 2025: €15,000
- Cash -€12,199
down €12,199 (-73.8%), from €16,532 to €4,333
mainly Net result for the year (-€57,826) and Investment in fixed assets (net) (-€38,121)
- Tangible fixed assets -€10,076
down €10,076 (-37.7%), from €26,708 to €16,632
of which Furniture and vehicles: -€9,280
- Profit (loss) carried forward -€57,826
down €57,826, from €15,030 to -€42,796
- Other debts +€38,314
new in 2025: €38,314
- Tax, wage and social debts +€15,036
up €15,036 (+69.9%), from €21,503 to €36,538
of which Taxes: +€12,947
- Trade debts +€10,880
up €10,880 (+260.1%), from €4,183 to €15,063
- Debts after one year -€8,465
down €8,465 (-45.3%), from €18,681 to €10,216
- Staff costs +€55,345
up €55,345 (+333.2%), from €16,612 to €71,957
- Depreciation +€3,860
up €3,860 (+38.9%), from €9,928 to €13,788
- Gross operating margin -€2,728
down €2,728 (-7.0%), from €39,079 to €36,351
- Other operating charges -€2,707
down €2,707 (-70.4%), from €3,844 to €1,137
- Financial charges +€1,324
up €1,324 (+36.3%), from €3,643 to €4,967
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 | €73,496 | €71,002 | -€2,494 | -3.4% |
| Fixed assets | 21/28 | €27,213 | €51,546 | +€24,333 | +89.4% |
| Intangible fixed assets | 21 | €34 | €33,822 | +€33,788 | +98448.7% |
| Tangible fixed assets | 22/27 | €26,708 | €16,632 | -€10,076 | -37.7% |
| Plant, machinery and equipment | 23 | €6,271 | €5,475 | -€796 | -12.7% |
| Furniture and vehicles | 24 | €20,437 | €11,157 | -€9,280 | -45.4% |
| Financial fixed assets | 28 | €470 | €1,091 | +€621 | +132.0% |
| Current assets | 29/58 | €46,283 | €19,457 | -€26,826 | -58.0% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €29,513 | €0 | -€29,513 | -100.0% |
| Trade receivables | 40 | €8,607 | €0 | -€8,607 | -100.0% |
| Other amounts receivable | 41 | €20,906 | - | -€20,906 | |
| Cash at bank and in hand | 54/58 | €16,532 | €4,333 | -€12,199 | -73.8% |
| Deferred charges and accrued income | 490/1 | €239 | €124 | -€115 | -48.1% |
| Total equity and liabilities | 10/49 | €73,496 | €71,002 | -€2,494 | -3.4% |
| Equity | 10/15 | €21,030 | -€36,796 | -€57,826 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,030 | -€42,796 | -€57,826 | |
| Amounts payable | 17/49 | €52,466 | €107,798 | +€55,333 | +105.5% |
| Amounts payable after more than one year | 17 | €18,681 | €10,216 | -€8,465 | -45.3% |
| Financial debts | 170/4 | €18,681 | €10,216 | -€8,465 | -45.3% |
| Amounts payable within one year | 42/48 | €33,785 | €97,582 | +€63,797 | +188.8% |
| Current portion of amounts payable after more than one year | 42 | €8,099 | €7,667 | -€432 | -5.3% |
| Trade debts | 44 | €4,183 | €15,063 | +€10,880 | +260.1% |
| Suppliers | 440/4 | €4,183 | €15,063 | +€10,880 | +260.1% |
| Taxes, remuneration and social security | 45 | €21,503 | €36,538 | +€15,036 | +69.9% |
| Taxes | 450/3 | €12,731 | €25,678 | +€12,947 | +101.7% |
| Remuneration and social security | 454/9 | €8,772 | €10,860 | +€2,088 | +23.8% |
| Other amounts payable | 47/48 | - | €38,314 | +€38,314 | |
| Remuneration, social security and pensions | 62 | €16,612 | €71,957 | +€55,345 | +333.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,928 | €13,788 | +€3,860 | +38.9% |
| Other operating charges | 640/8 | €3,844 | €1,137 | -€2,707 | -70.4% |
| Gross operating margin | 9900 | €39,079 | €36,351 | -€2,728 | -7.0% |
| Operating profit (loss) | 9901 | €8,695 | -€50,531 | -€59,227 | |
| Financial income | 75/76B | €43 | €0 | -€43 | -99.8% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -99.8% |
| Financial charges | 65/66B | €3,643 | €4,967 | +€1,324 | +36.3% |
| Recurring financial charges | 65 | €3,643 | €4,967 | +€1,324 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €5,095 | -€55,498 | -€60,593 | |
| Income taxes | 67/77 | €2,968 | €2,329 | -€640 | -21.5% |
| Profit (loss) for the period | 9904 | €2,127 | -€57,826 | -€59,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,127 | -€57,826 | -€59,953 |
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 7 October 2026 via checked.be.