CAJORA: 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.
What changed
CAJORA
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€124,411
2024 · €39,450+€84,961
Equity
€7.1m
2024 · €7.0m+€124,411
Cash
€598,118
2024 · €350,875+€247,243
Balance sheet total
€7.7m
2024 · €7.5m+€199,548
Largest movements
Assets
- Cash +€247,243
up €247,243 (+70.5%), from €350,875 to €598,118
mainly Depreciation (+€139,624) and Net result for the year (+€124,411)
Equity and liabilities
- Reserves +€124,411
up €124,411 (+3.2%), from €3.9m to €4.0m
of which Distributable reserves: +€124,411
Income statement
- Gross operating margin +€208,554
up €208,554 (+98.0%), from €212,730 to €421,284
- Depreciation +€51,008
up €51,008 (+57.6%), from €88,616 to €139,624
- Staff costs +€36,092
up €36,092 (+82.1%), from €43,988 to €80,080
- Taxes +€33,067
up €33,067 (+234%), from €14,149 to €47,216
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.
Result 2024
€39,450
Gross operating margin
+€208,554
Staff costs
-€36,092
Depreciation
-€51,008
Other operating charges
+€3,408
Other operating items
-€6,391
Financial income
-€842
Financial charges
+€399
Taxes
-€33,067
Result 2025
€124,411
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€359,702
Investment
-€112,443
Financing
-€16
Cash 2024
€350,875
From operations (derived)
+€359,702
Net result for the year
+€124,411
Depreciation
+€139,624
Receivables within one year
+€20,513
Trade debts
+€7,714
Tax, wage and social debts
+€69,023
Advances received
+€774
Other debts
+€5,931
Accrued charges and deferred income
-€8,288
Investment (derived)
-€112,443
Investment in fixed assets (net)
-€112,443
Financing
-€16
Current portion of long-term debt
-€16
Cash 2025
€598,118
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,499,557 | €7,699,105 | +€199,548 | +2.7% |
| Fixed assets | 21/28 | €5,157,920 | €5,130,739 | -€27,181 | -0.5% |
| Tangible fixed assets | 22/27 | €2,011,818 | €1,984,637 | -€27,181 | -1.4% |
| Land and buildings | 22 | €1,937,964 | €1,904,462 | -€33,503 | -1.7% |
| Plant, machinery and equipment | 23 | €37,463 | €34,463 | -€3,001 | -8.0% |
| Furniture and vehicles | 24 | €36,391 | €45,713 | +€9,322 | +25.6% |
| Financial fixed assets | 28 | €3,146,102 | €3,146,102 | = | 0.0% |
| Current assets | 29/58 | €2,341,637 | €2,568,367 | +€226,729 | +9.7% |
| Amounts receivable within one year | 40/41 | €1,990,762 | €1,970,249 | -€20,513 | -1.0% |
| Trade receivables | 40 | €63,500 | €42,987 | -€20,513 | -32.3% |
| Other amounts receivable | 41 | €1,927,262 | €1,927,262 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €350,875 | €598,118 | +€247,243 | +70.5% |
| Total equity and liabilities | 10/49 | €7,499,557 | €7,699,105 | +€199,548 | +2.7% |
| Equity | 10/15 | €6,954,691 | €7,079,101 | +€124,411 | +1.8% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €57,481 | €57,481 | = | 0.0% |
| Reserves | 13 | €3,897,210 | €4,021,620 | +€124,411 | +3.2% |
| Non-distributable reserves | 130/1 | €96,500 | €96,500 | = | 0.0% |
| Legal reserve | 130 | €96,500 | €96,500 | = | 0.0% |
| Distributable reserves | 133 | €3,800,710 | €3,925,120 | +€124,411 | +3.3% |
| Amounts payable | 17/49 | €544,866 | €620,004 | +€75,138 | +13.8% |
| Amounts payable within one year | 42/48 | €536,578 | €620,004 | +€83,426 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €4,554 | €4,538 | -€16 | -0.4% |
| Trade debts | 44 | €3,911 | €11,625 | +€7,714 | +197% |
| Suppliers | 440/4 | €3,911 | €11,625 | +€7,714 | +197% |
| Advances received on contracts in progress | 46 | - | €774 | +€774 | |
| Taxes, remuneration and social security | 45 | €21,351 | €90,374 | +€69,023 | +323% |
| Taxes | 450/3 | €15,532 | €79,082 | +€63,551 | +409% |
| Remuneration and social security | 454/9 | €5,820 | €11,292 | +€5,472 | +94.0% |
| Other amounts payable | 47/48 | €506,763 | €512,693 | +€5,931 | +1.2% |
| Accrued charges and deferred income | 492/3 | €8,288 | - | -€8,288 | |
| Non-recurring operating income | 76A | - | €46,923 | +€46,923 | |
| Remuneration, social security and pensions | 62 | €43,988 | €80,080 | +€36,092 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,616 | €139,624 | +€51,008 | +57.6% |
| Other operating charges | 640/8 | €26,429 | €23,021 | -€3,408 | -12.9% |
| Non-recurring operating charges | 66A | - | €6,391 | +€6,391 | |
| Gross operating margin | 9900 | €212,730 | €421,284 | +€208,554 | +98.0% |
| Operating profit (loss) | 9901 | €53,697 | €172,167 | +€118,471 | +221% |
| Financial income | 75/76B | €842 | - | -€842 | |
| Recurring financial income | 75 | €842 | - | -€842 | |
| Financial charges | 65/66B | €940 | €541 | -€399 | -42.4% |
| Recurring financial charges | 65 | €940 | €541 | -€399 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €53,599 | €171,626 | +€118,028 | +220% |
| Income taxes | 67/77 | €14,149 | €47,216 | +€33,067 | +234% |
| Profit (loss) for the period | 9904 | €39,450 | €124,411 | +€84,961 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €39,450 | €124,411 | +€84,961 | +215% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.