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CEJARI: 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.

What changed

CEJARI

BE 0448.650.437
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€17,093
2024 · -€15,617-€1,476
Equity
-€91,278
2024 · -€74,185-€17,093
Cash
€113
2024 · €42+€71
Balance sheet total
€83,050
2024 · €76,856+€6,194

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€6,123

    up €6,123 (+8.0%), from €76,814 to €82,937

    of which Plant, machinery and equipment: +€6,123

Equity and liabilities
  • Other debts +€23,287

    up €23,287 (+15.4%), from €151,041 to €174,328

  • Profit (loss) carried forward -€17,093

    down €17,093 (-16.1%), from -€106,133 to -€123,226

Income statement
  • Depreciation +€1,313

    up €1,313 (+23.1%), from €5,683 to €6,996

  • Gross operating margin -€174

    down €174 (-1.8%), from -€9,878 to -€10,052

From the 2024 result to the 2025 result

effect on the 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 -€15,617
Gross operating margin -€174
Depreciation -€1,313
Financial charges +€11
Result 2025 -€17,093

Cash bridge derived

cash 2024 to 2025

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 +€13,190
Investment -€13,119
Financing €0
Cash 2024 €42
Net result for the year -€17,093
Depreciation +€6,996
Other debts +€23,287
Investment in fixed assets (net) -€13,119
Cash 2025 €113
Every line side by side 27 lines
Line Code 2024 2025 Change %
Total assets 20/58 €76,856 €83,050 +€6,194 +8.1%
Fixed assets 21/28 €76,814 €82,937 +€6,123 +8.0%
Tangible fixed assets 22/27 €76,814 €82,937 +€6,123 +8.0%
Land and buildings 22 €38,485 €38,485 = 0.0%
Plant, machinery and equipment 23 €38,329 €44,452 +€6,123 +16.0%
Current assets 29/58 €42 €113 +€71 +169.0%
Cash at bank and in hand 54/58 €42 €113 +€71 +169.0%
Total equity and liabilities 10/49 €76,856 €83,050 +€6,194 +8.1%
Equity 10/15 -€74,185 -€91,278 -€17,093 -23.0%
Contributions 10/11 €30,987 €30,987 = 0.0%
Capital 10 €30,987 €30,987 = 0.0%
Issued capital 100 €30,987 €30,987 = 0.0%
Reserves 13 €961 €961 = 0.0%
Non-distributable reserves 130/1 €961 €961 = 0.0%
Legal reserve 130 €961 €961 = 0.0%
Profit (loss) carried forward 14 -€106,133 -€123,226 -€17,093 -16.1%
Amounts payable 17/49 €151,041 €174,328 +€23,287 +15.4%
Amounts payable within one year 42/48 €151,041 €174,328 +€23,287 +15.4%
Other amounts payable 47/48 €151,041 €174,328 +€23,287 +15.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,683 €6,996 +€1,313 +23.1%
Gross operating margin 9900 -€9,878 -€10,052 -€174 -1.8%
Operating profit (loss) 9901 -€15,561 -€17,048 -€1,487 -9.6%
Financial charges 65/66B €56 €45 -€11 -19.6%
Recurring financial charges 65 €56 €45 -€11 -19.6%
Profit (loss) for the period before taxes 9903 -€15,617 -€17,093 -€1,476 -9.5%
Profit (loss) for the period 9904 -€15,617 -€17,093 -€1,476 -9.5%
Profit (loss) for the period to be appropriated 9905 -€15,617 -€17,093 -€1,476 -9.5%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.