CEJ COMPAGNY: 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.
CEJ COMPAGNY
Largest movements
- Stocks and contracts +€95,000
up €95,000 (+158%), from €60,000 to €155,000
- Deferred charges and accrued income -€20,721
down €20,721 (-44.1%), from €46,967 to €26,246
- Cash -€10,167
down €10,167 (-75.9%), from €13,392 to €3,224
mainly Stocks and contracts (-€95,000) and Receivables within one year (-€8,001)
- Receivables within one year +€8,001
up €8,001 (+23.4%), from €34,235 to €42,236
of which Trade receivables: +€5,043
- Tangible fixed assets -€5,216
down €5,216 (-31.1%), from €16,751 to €11,535
of which Plant, machinery and equipment: -€4,761
- Other debts +€27,096
up €27,096 (+263%), from €10,319 to €37,415
- Short-term financial debts +€22,011
new in 2025: €22,011
- Trade debts +€19,991
up €19,991 (+72.2%), from €27,676 to €47,667
- Debts after one year -€4,271
down €4,271 (-11.3%), from €37,691 to €33,420
- Staff costs +€15,497
up €15,497 (+265%), from €5,854 to €21,351
- Taxes -€2,888
down €2,888 (-41.8%), from €6,902 to €4,014
- Gross operating margin +€1,673
up €1,673 (+4.7%), from €35,455 to €37,128
- Other operating charges -€1,079
down €1,079 (-58.9%), from €1,834 to €755
- Financial charges +€915
up €915 (+77.2%), from €1,185 to €2,099
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 | €171,344 | €238,241 | +€66,897 | +39.0% |
| Fixed assets | 21/28 | €16,751 | €11,535 | -€5,216 | -31.1% |
| Tangible fixed assets | 22/27 | €16,751 | €11,535 | -€5,216 | -31.1% |
| Plant, machinery and equipment | 23 | €15,589 | €10,828 | -€4,761 | -30.5% |
| Furniture and vehicles | 24 | €1,162 | €707 | -€455 | -39.1% |
| Current assets | 29/58 | €154,593 | €226,706 | +€72,113 | +46.6% |
| Stocks and contracts in progress | 3 | €60,000 | €155,000 | +€95,000 | +158% |
| Contracts in progress | 37 | €60,000 | €155,000 | +€95,000 | +158% |
| Amounts receivable within one year | 40/41 | €34,235 | €42,236 | +€8,001 | +23.4% |
| Trade receivables | 40 | €33,859 | €38,902 | +€5,043 | +14.9% |
| Other amounts receivable | 41 | €376 | €3,334 | +€2,958 | +787% |
| Cash at bank and in hand | 54/58 | €13,392 | €3,224 | -€10,167 | -75.9% |
| Deferred charges and accrued income | 490/1 | €46,967 | €26,246 | -€20,721 | -44.1% |
| Total equity and liabilities | 10/49 | €171,344 | €238,241 | +€66,897 | +39.0% |
| Equity | 10/15 | €78,859 | €80,547 | +€1,688 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,659 | €74,347 | +€1,688 | +2.3% |
| Distributable reserves | 133 | €72,659 | €74,347 | +€1,688 | +2.3% |
| Amounts payable | 17/49 | €92,485 | €157,694 | +€65,208 | +70.5% |
| Amounts payable after more than one year | 17 | €37,691 | €33,420 | -€4,271 | -11.3% |
| Financial debts | 170/4 | €37,691 | €33,420 | -€4,271 | -11.3% |
| Amounts payable within one year | 42/48 | €54,795 | €124,274 | +€69,479 | +127% |
| Current portion of amounts payable after more than one year | 42 | €4,189 | €4,271 | +€82 | +1.9% |
| Financial debts | 43 | - | €22,011 | +€22,011 | |
| Credit institutions | 430/8 | - | €22,011 | +€22,011 | |
| Trade debts | 44 | €27,676 | €47,667 | +€19,991 | +72.2% |
| Suppliers | 440/4 | €27,676 | €47,667 | +€19,991 | +72.2% |
| Taxes, remuneration and social security | 45 | €12,610 | €12,910 | +€300 | +2.4% |
| Taxes | 450/3 | €11,407 | €10,837 | -€570 | -5.0% |
| Remuneration and social security | 454/9 | €1,203 | €2,073 | +€870 | +72.3% |
| Other amounts payable | 47/48 | €10,319 | €37,415 | +€27,096 | +263% |
| Remuneration, social security and pensions | 62 | €5,854 | €21,351 | +€15,497 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,873 | €7,240 | +€366 | +5.3% |
| Other operating charges | 640/8 | €1,834 | €755 | -€1,079 | -58.9% |
| Gross operating margin | 9900 | €35,455 | €37,128 | +€1,673 | +4.7% |
| Operating profit (loss) | 9901 | €20,894 | €7,782 | -€13,112 | -62.8% |
| Financial income | 75/76B | €62 | €19 | -€43 | -69.0% |
| Recurring financial income | 75 | €62 | €19 | -€43 | -69.0% |
| Financial charges | 65/66B | €1,185 | €2,099 | +€915 | +77.2% |
| Recurring financial charges | 65 | €1,185 | €2,099 | +€915 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €19,772 | €5,702 | -€14,069 | -71.2% |
| Income taxes | 67/77 | €6,902 | €4,014 | -€2,888 | -41.8% |
| Profit (loss) for the period | 9904 | €12,870 | €1,688 | -€11,182 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,870 | €1,688 | -€11,182 | -86.9% |
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 17 October 2026 via checked.be.