CEJEMO: 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.
CEJEMO
Largest movements
- Current investments +€831,703
up €831,703 (+28.3%), from €2.9m to €3.8m
- Receivables within one year -€633,252
down €633,252 (-78.0%), from €811,392 to €178,140
of which Other amounts receivable: -€633,561
- Cash -€56,228
down €56,228 (-35.2%), from €159,858 to €103,630
mainly Current investments (-€831,703) and Smaller working-capital items (-€1,408)
- Tangible fixed assets -€53,189
down €53,189 (-5.1%), from €1.0m to €982,369
of which Land and buildings: -€29,733
- Reserves +€90,442
up €90,442 (+1.9%), from €4.9m to €5.0m
of which Distributable reserves: +€93,067
- Financial income +€130,830
up €130,830 (+167.0%), from €78,340 to €209,170
of which Financial income: +€130,830
- Taxes +€21,942
up €21,942, from €0 to €21,942
- Depreciation +€7,162
up €7,162 (+15.6%), from €46,027 to €53,189
- Financial charges -€2,946
down €2,946 (-46.5%), from €6,335 to €3,389
- Gross operating margin -€366
down €366 (-1.0%), from -€35,696 to -€36,062
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 | €4,944,187 | €5,033,342 | +€89,155 | +1.8% |
| Fixed assets | 21/28 | €1,035,558 | €982,369 | -€53,189 | -5.1% |
| Tangible fixed assets | 22/27 | €1,035,558 | €982,369 | -€53,189 | -5.1% |
| Land and buildings | 22 | €834,574 | €804,841 | -€29,733 | -3.6% |
| Furniture and vehicles | 24 | €100,984 | €77,528 | -€23,456 | -23.2% |
| Other tangible fixed assets | 26 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €3,908,628 | €4,050,973 | +€142,344 | +3.6% |
| Amounts receivable within one year | 40/41 | €811,392 | €178,140 | -€633,252 | -78.0% |
| Trade receivables | 40 | - | €309 | +€309 | |
| Other amounts receivable | 41 | €811,392 | €177,831 | -€633,561 | -78.1% |
| Current investments | 50/53 | €2,934,769 | €3,766,473 | +€831,703 | +28.3% |
| Cash at bank and in hand | 54/58 | €159,858 | €103,630 | -€56,228 | -35.2% |
| Deferred charges and accrued income | 490/1 | €2,610 | €2,731 | +€121 | +4.6% |
| Total equity and liabilities | 10/49 | €4,944,187 | €5,033,342 | +€89,155 | +1.8% |
| Equity | 10/15 | €4,892,703 | €4,983,145 | +€90,442 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,880,303 | €4,970,745 | +€90,442 | +1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,653 | €70,028 | -€2,625 | -3.6% |
| Distributable reserves | 133 | €4,805,790 | €4,898,857 | +€93,067 | +1.9% |
| Provisions and deferred taxes | 16 | €19,613 | €18,738 | -€875 | -4.5% |
| Deferred taxes | 168 | €19,613 | €18,738 | -€875 | -4.5% |
| Amounts payable | 17/49 | €31,871 | €31,459 | -€412 | -1.3% |
| Amounts payable within one year | 42/48 | €10,541 | €10,129 | -€412 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €112 | €250 | +€138 | +123.7% |
| Suppliers | 440/4 | €112 | €250 | +€138 | +123.7% |
| Taxes, remuneration and social security | 45 | €550 | €0 | -€550 | -100.0% |
| Taxes | 450/3 | €550 | €0 | -€550 | -100.0% |
| Other amounts payable | 47/48 | €9,880 | €9,880 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,329 | €21,329 | = | 0.0% |
| Non-recurring operating income | 76A | €7,176 | €0 | -€7,176 | -100.0% |
| Remuneration, social security and pensions | 62 | €410 | €230 | -€180 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,027 | €53,189 | +€7,162 | +15.6% |
| Other operating charges | 640/8 | €5,043 | €4,790 | -€253 | -5.0% |
| Non-recurring operating charges | 66A | €4,074 | €0 | -€4,074 | -100.0% |
| Gross operating margin | 9900 | -€35,696 | -€36,062 | -€366 | -1.0% |
| Operating profit (loss) | 9901 | -€91,250 | -€94,272 | -€3,022 | -3.3% |
| Financial income | 75/76B | €78,340 | €209,170 | +€130,830 | +167.0% |
| Recurring financial income | 75 | €78,340 | €209,170 | +€130,830 | +167.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,335 | €3,389 | -€2,946 | -46.5% |
| Recurring financial charges | 65 | €6,335 | €3,389 | -€2,946 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,245 | €111,509 | +€130,754 | |
| Transfer from deferred taxes | 780 | €875 | €875 | = | 0.0% |
| Income taxes | 67/77 | €0 | €21,942 | +€21,942 | |
| Profit (loss) for the period | 9904 | -€18,370 | €90,442 | +€108,812 | |
| Transfer from tax-exempt reserves | 789 | €2,625 | €2,625 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,745 | €93,067 | +€108,812 |
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.