CAJOLINE: 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.
CAJOLINE
Largest movements
- Cash -€25,305
down €25,305 (-24.7%), from €102,244 to €76,939
mainly Investment in fixed assets (net) (-€30,876) and Other debts (-€26,000)
- Receivables within one year -€20,251
down €20,251 (-89.0%), from €22,751 to €2,500
- Tangible fixed assets +€7,342
up €7,342 (+2.6%), from €285,457 to €292,799
of which Land and buildings: +€21,759
- Other debts -€26,000
down €26,000 (-13.5%), from €191,968 to €165,968
- Trade debts -€18,856
down €18,856 (-36.9%), from €51,165 to €32,309
- Reserves +€15,000
up €15,000 (+125.0%), from €12,000 to €27,000
- Debts after one year -€10,860
down €10,860 (-19.9%), from €54,677 to €43,817
- Accrued charges and deferred income +€8,728
up €8,728 (+146.6%), from €5,952 to €14,680
- Staff costs -€18,669
down €18,669 (-38.1%), from €48,945 to €30,276
- Gross operating margin -€13,385
down €13,385 (-12.2%), from €109,523 to €96,138
- Financial charges +€1,488
up €1,488 (+16.9%), from €8,827 to €10,315
- Depreciation +€1,294
up €1,294 (+5.8%), from €22,240 to €23,534
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 | €410,451 | €372,238 | -€38,214 | -9.3% |
| Fixed assets | 21/28 | €285,457 | €292,799 | +€7,342 | +2.6% |
| Tangible fixed assets | 22/27 | €285,457 | €292,799 | +€7,342 | +2.6% |
| Land and buildings | 22 | €255,389 | €277,148 | +€21,759 | +8.5% |
| Plant, machinery and equipment | 23 | €20,380 | €9,656 | -€10,724 | -52.6% |
| Furniture and vehicles | 24 | €9,688 | €5,995 | -€3,693 | -38.1% |
| Current assets | 29/58 | €124,995 | €79,439 | -€45,556 | -36.4% |
| Amounts receivable within one year | 40/41 | €22,751 | €2,500 | -€20,251 | -89.0% |
| Trade receivables | 40 | €22,751 | €2,500 | -€20,251 | -89.0% |
| Cash at bank and in hand | 54/58 | €102,244 | €76,939 | -€25,305 | -24.7% |
| Total equity and liabilities | 10/49 | €410,451 | €372,238 | -€38,214 | -9.3% |
| Equity | 10/15 | €72,686 | €88,722 | +€16,037 | +22.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €27,000 | +€15,000 | +125.0% |
| Distributable reserves | 133 | €12,000 | €27,000 | +€15,000 | +125.0% |
| Profit (loss) carried forward | 14 | €686 | €1,722 | +€1,037 | +151.1% |
| Amounts payable | 17/49 | €337,765 | €283,515 | -€54,250 | -16.1% |
| Amounts payable after more than one year | 17 | €54,677 | €43,817 | -€10,860 | -19.9% |
| Financial debts | 170/4 | €54,677 | €43,817 | -€10,860 | -19.9% |
| Amounts payable within one year | 42/48 | €277,136 | €225,019 | -€52,118 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €25,540 | €22,227 | -€3,312 | -13.0% |
| Trade debts | 44 | €51,165 | €32,309 | -€18,856 | -36.9% |
| Suppliers | 440/4 | €51,165 | €32,309 | -€18,856 | -36.9% |
| Taxes, remuneration and social security | 45 | €8,464 | €4,515 | -€3,950 | -46.7% |
| Taxes | 450/3 | €8,464 | €4,515 | -€3,950 | -46.7% |
| Other amounts payable | 47/48 | €191,968 | €165,968 | -€26,000 | -13.5% |
| Accrued charges and deferred income | 492/3 | €5,952 | €14,680 | +€8,728 | +146.6% |
| Remuneration, social security and pensions | 62 | €48,945 | €30,276 | -€18,669 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,240 | €23,534 | +€1,294 | +5.8% |
| Other operating charges | 640/8 | €8,006 | €8,399 | +€394 | +4.9% |
| Non-recurring operating charges | 66A | €23 | - | -€23 | |
| Gross operating margin | 9900 | €109,523 | €96,138 | -€13,385 | -12.2% |
| Operating profit (loss) | 9901 | €30,309 | €33,928 | +€3,620 | +11.9% |
| Financial charges | 65/66B | €8,827 | €10,315 | +€1,488 | +16.9% |
| Recurring financial charges | 65 | €8,827 | €10,315 | +€1,488 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €21,482 | €23,613 | +€2,131 | +9.9% |
| Income taxes | 67/77 | €6,916 | €7,577 | +€661 | +9.6% |
| Profit (loss) for the period | 9904 | €14,566 | €16,037 | +€1,470 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,566 | €16,037 | +€1,470 | +10.1% |
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 11 October 2026 via checked.be.