CAJOEVMA: 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.
CAJOEVMA
Largest movements
- Current investments +€249,900
new in 2025: €249,900
- Cash -€82,509
down €82,509 (-69.9%), from €117,998 to €35,489
mainly Current investments (-€249,900) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€15,919
down €15,919 (-23.3%), from €68,303 to €52,383
of which Furniture and vehicles: -€17,311
- Debts after one year +€135,723
up €135,723 (+859.4%), from €15,792 to €151,515
of which Financial debts: +€151,515
- Current portion of long-term debt +€31,141
up €31,141 (+154.0%), from €20,219 to €51,360
- Other debts -€12,810
down €12,810 (-16.6%), from €77,237 to €64,427
- Taxes +€16,203
up €16,203 (+216.9%), from €7,469 to €23,672
- Gross operating margin +€5,140
up €5,140 (+5.2%), from €99,796 to €104,936
- Other operating charges -€1,111
down €1,111 (-56.4%), from €1,969 to €858
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 | €212,452 | €366,775 | +€154,323 | +72.6% |
| Fixed assets | 21/28 | €68,303 | €52,383 | -€15,919 | -23.3% |
| Tangible fixed assets | 22/27 | €68,303 | €52,383 | -€15,919 | -23.3% |
| Furniture and vehicles | 24 | €59,619 | €42,308 | -€17,311 | -29.0% |
| Other tangible fixed assets | 26 | €8,684 | €10,075 | +€1,391 | +16.0% |
| Current assets | 29/58 | €144,149 | €314,392 | +€170,242 | +118.1% |
| Amounts receivable within one year | 40/41 | €23,773 | €23,928 | +€154 | +0.6% |
| Trade receivables | 40 | €21,175 | €21,954 | +€779 | +3.7% |
| Other amounts receivable | 41 | €2,598 | €1,973 | -€625 | -24.1% |
| Current investments | 50/53 | - | €249,900 | +€249,900 | |
| Cash at bank and in hand | 54/58 | €117,998 | €35,489 | -€82,509 | -69.9% |
| Deferred charges and accrued income | 490/1 | €2,378 | €5,075 | +€2,697 | +113.4% |
| Total equity and liabilities | 10/49 | €212,452 | €366,775 | +€154,323 | +72.6% |
| Equity | 10/15 | €77,469 | €77,601 | +€132 | +0.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €43,638 | €43,638 | = | 0.0% |
| Distributable reserves | 133 | €43,638 | €43,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,830 | €8,963 | +€132 | +1.5% |
| Amounts payable | 17/49 | €134,983 | €289,174 | +€154,191 | +114.2% |
| Amounts payable after more than one year | 17 | €15,792 | €151,515 | +€135,723 | +859.4% |
| Financial debts | 170/4 | - | €151,515 | +€151,515 | |
| Other amounts payable | 178/9 | €15,792 | €0 | -€15,792 | -100.0% |
| Amounts payable within one year | 42/48 | €119,191 | €137,659 | +€18,468 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €20,219 | €51,360 | +€31,141 | +154.0% |
| Financial debts | 43 | €1,688 | €92 | -€1,595 | -94.5% |
| Credit institutions | 430/8 | €1,688 | €92 | -€1,595 | -94.5% |
| Trade debts | 44 | €4,496 | €6,397 | +€1,900 | +42.3% |
| Suppliers | 440/4 | €4,496 | €6,397 | +€1,900 | +42.3% |
| Taxes, remuneration and social security | 45 | €15,552 | €15,383 | -€168 | -1.1% |
| Taxes | 450/3 | €12,136 | €15,383 | +€3,247 | +26.8% |
| Remuneration and social security | 454/9 | €3,416 | €0 | -€3,416 | -100.0% |
| Other amounts payable | 47/48 | €77,237 | €64,427 | -€12,810 | -16.6% |
| Non-recurring operating income | 76A | €9,271 | €0 | -€9,271 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,675 | €17,809 | +€134 | +0.8% |
| Other operating charges | 640/8 | €1,969 | €858 | -€1,111 | -56.4% |
| Gross operating margin | 9900 | €99,796 | €104,936 | +€5,140 | +5.2% |
| Operating profit (loss) | 9901 | €80,152 | €86,269 | +€6,117 | +7.6% |
| Financial income | 75/76B | €1 | €2 | +€1 | +238.3% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +238.3% |
| Financial charges | 65/66B | €2,365 | €2,466 | +€101 | +4.3% |
| Recurring financial charges | 65 | €2,365 | €2,466 | +€101 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €77,788 | €83,805 | +€6,017 | +7.7% |
| Income taxes | 67/77 | €7,469 | €23,672 | +€16,203 | +216.9% |
| Profit (loss) for the period | 9904 | €70,318 | €60,132 | -€10,186 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,318 | €60,132 | -€10,186 | -14.5% |
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 10 October 2026 via checked.be.