CEJASIM: 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.
CEJASIM
Largest movements
- Cash -€21,479
down €21,479 (-95.0%), from €22,610 to €1,131
mainly Current portion of long-term debt (-€262,333) and Contributions, distributions and other (-€100,000)
- Current portion of long-term debt -€262,333
no longer reported in 2025 (was €262,333)
- Profit (loss) carried forward +€120,937
up €120,937 (+8.7%), from €1.4m to €1.5m
- Other debts +€100,000
up €100,000 (+250%), from €40,000 to €140,000
- Gross operating margin -€12,627
down €12,627 (-6.3%), from €201,259 to €188,632
- Financial charges -€4,206
down €4,206 (-60.0%), from €7,008 to €2,802
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 | €2,025,705 | €1,986,163 | -€39,542 | -2.0% |
| Fixed assets | 21/28 | €1,959,747 | €1,949,159 | -€10,588 | -0.5% |
| Tangible fixed assets | 22/27 | €209,747 | €199,159 | -€10,588 | -5.0% |
| Land and buildings | 22 | €209,435 | €198,895 | -€10,541 | -5.0% |
| Plant, machinery and equipment | 23 | €312 | €265 | -€47 | -15.1% |
| Financial fixed assets | 28 | €1,750,000 | €1,750,000 | = | 0.0% |
| Current assets | 29/58 | €65,958 | €37,004 | -€28,954 | -43.9% |
| Amounts receivable within one year | 40/41 | €42,172 | €34,870 | -€7,301 | -17.3% |
| Trade receivables | 40 | €36,981 | €33,662 | -€3,319 | -9.0% |
| Other amounts receivable | 41 | €5,191 | €1,208 | -€3,983 | -76.7% |
| Cash at bank and in hand | 54/58 | €22,610 | €1,131 | -€21,479 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,003 | -€173 | -14.7% |
| Total equity and liabilities | 10/49 | €2,025,705 | €1,986,163 | -€39,542 | -2.0% |
| Equity | 10/15 | €1,635,953 | €1,756,890 | +€120,937 | +7.4% |
| Contributions | 10/11 | €94,350 | €94,350 | = | 0.0% |
| Capital | 10 | €94,350 | €94,350 | = | 0.0% |
| Issued capital | 100 | €94,350 | €94,350 | = | 0.0% |
| Reserves | 13 | €145,476 | €145,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,435 | €9,435 | = | 0.0% |
| Legal reserve | 130 | €9,435 | €9,435 | = | 0.0% |
| Distributable reserves | 133 | €136,041 | €136,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,396,127 | €1,517,064 | +€120,937 | +8.7% |
| Amounts payable | 17/49 | €389,752 | €229,273 | -€160,479 | -41.2% |
| Amounts payable within one year | 42/48 | €389,752 | €229,273 | -€160,479 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €262,333 | - | -€262,333 | |
| Trade debts | 44 | €44,235 | €44,497 | +€262 | +0.6% |
| Suppliers | 440/4 | €44,235 | €44,497 | +€262 | +0.6% |
| Taxes, remuneration and social security | 45 | €43,184 | €44,776 | +€1,592 | +3.7% |
| Taxes | 450/3 | €38,407 | €37,939 | -€468 | -1.2% |
| Remuneration and social security | 454/9 | €4,777 | €6,838 | +€2,060 | +43.1% |
| Other amounts payable | 47/48 | €40,000 | €140,000 | +€100,000 | +250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,219 | €10,588 | +€1,369 | +14.8% |
| Other operating charges | 640/8 | €41,119 | €39,581 | -€1,539 | -3.7% |
| Gross operating margin | 9900 | €201,259 | €188,632 | -€12,627 | -6.3% |
| Operating profit (loss) | 9901 | €150,920 | €138,463 | -€12,457 | -8.3% |
| Financial income | 75/76B | €124,000 | €122,500 | -€1,500 | -1.2% |
| Recurring financial income | 75 | €124,000 | €122,500 | -€1,500 | -1.2% |
| Financial charges | 65/66B | €7,008 | €2,802 | -€4,206 | -60.0% |
| Recurring financial charges | 65 | €7,008 | €2,802 | -€4,206 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €267,912 | €258,161 | -€9,751 | -3.6% |
| Income taxes | 67/77 | €38,431 | €37,224 | -€1,207 | -3.1% |
| Profit (loss) for the period | 9904 | €229,481 | €220,937 | -€8,544 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €229,481 | €220,937 | -€8,544 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.