CEJU Projects: 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.
CEJU Projects
Largest movements
- Cash -€11,285
down €11,285 (-60.5%), from €18,645 to €7,360
mainly Trade debts (-€14,009) and Debts after one year (-€7,686)
- Tangible fixed assets -€4,065
down €4,065 (-2.5%), from €159,705 to €155,640
- Receivables within one year -€3,500
down €3,500 (-70.0%), from €5,000 to €1,500
- Trade debts -€14,009
down €14,009 (-93.4%), from €15,000 to €991
- Debts after one year -€7,686
down €7,686 (-8.9%), from €86,819 to €79,133
- Profit (loss) carried forward +€3,491
up €3,491 (+51.8%), from -€6,743 to -€3,252
- Gross operating margin -€3,311
down €3,311 (-24.6%), from €13,453 to €10,142
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 | €183,396 | €164,558 | -€18,838 | -10.3% |
| Fixed assets | 21/28 | €159,705 | €155,640 | -€4,065 | -2.5% |
| Tangible fixed assets | 22/27 | €159,705 | €155,640 | -€4,065 | -2.5% |
| Land and buildings | 22 | €159,705 | €155,640 | -€4,065 | -2.5% |
| Current assets | 29/58 | €23,691 | €8,918 | -€14,773 | -62.4% |
| Amounts receivable within one year | 40/41 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Other amounts receivable | 41 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Cash at bank and in hand | 54/58 | €18,645 | €7,360 | -€11,285 | -60.5% |
| Deferred charges and accrued income | 490/1 | €45 | €57 | +€12 | +26.1% |
| Total equity and liabilities | 10/49 | €183,396 | €164,558 | -€18,838 | -10.3% |
| Equity | 10/15 | €73,257 | €76,748 | +€3,491 | +4.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,743 | -€3,252 | +€3,491 | +51.8% |
| Amounts payable | 17/49 | €110,139 | €87,810 | -€22,329 | -20.3% |
| Amounts payable after more than one year | 17 | €86,819 | €79,133 | -€7,686 | -8.9% |
| Financial debts | 170/4 | €86,819 | €79,133 | -€7,686 | -8.9% |
| Amounts payable within one year | 42/48 | €23,320 | €8,677 | -€14,643 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €8,320 | €7,686 | -€634 | -7.6% |
| Trade debts | 44 | €15,000 | €991 | -€14,009 | -93.4% |
| Suppliers | 440/4 | €15,000 | €991 | -€14,009 | -93.4% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,065 | €4,065 | = | 0.0% |
| Other operating charges | 640/8 | €967 | €996 | +€30 | +3.1% |
| Gross operating margin | 9900 | €13,453 | €10,142 | -€3,311 | -24.6% |
| Operating profit (loss) | 9901 | €8,421 | €5,080 | -€3,341 | -39.7% |
| Financial charges | 65/66B | €1,688 | €1,589 | -€99 | -5.9% |
| Recurring financial charges | 65 | €1,688 | €1,589 | -€99 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €6,733 | €3,491 | -€3,242 | -48.1% |
| Profit (loss) for the period | 9904 | €6,733 | €3,491 | -€3,242 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,733 | €3,491 | -€3,242 | -48.1% |
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 29 October 2026 via checked.be.