CEJUMA: 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.
CEJUMA
Largest movements
- Tangible fixed assets +€179,986
up €179,986 (+62.3%), from €288,943 to €468,929
of which Land and buildings: +€180,803
- Receivables within one year +€97,045
up €97,045 (+139.0%), from €69,826 to €166,871
of which Other amounts receivable: +€83,735
- Receivables after one year -€44,000
down €44,000 (-75.9%), from €58,000 to €14,000
- Cash +€10,034
up €10,034 (+36.7%), from €27,313 to €37,347
mainly Debts after one year (+€178,725) and Net result for the year (+€104,054)
- Debts after one year +€178,725
up €178,725 (+95.1%), from €187,912 to €366,637
- Reserves +€43,054
up €43,054 (+37.2%), from €115,882 to €158,937
- Tax, wage and social debts +€16,595
up €16,595 (+38.7%), from €42,925 to €59,520
- Gross operating margin +€28,140
up €28,140 (+20.0%), from €140,519 to €168,659
- Taxes +€9,198
up €9,198 (+25.0%), from €36,766 to €45,964
- Financial charges +€5,508
up €5,508 (+71.9%), from €7,658 to €13,166
- Depreciation +€5,442
up €5,442 (+144.2%), from €3,775 to €9,217
- Financial income +€3,122
up €3,122 (+90.8%), from €3,438 to €6,561
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 | €449,486 | €696,792 | +€247,307 | +55.0% |
| Fixed assets | 21/28 | €288,943 | €468,929 | +€179,986 | +62.3% |
| Tangible fixed assets | 22/27 | €288,943 | €468,929 | +€179,986 | +62.3% |
| Land and buildings | 22 | €287,997 | €468,800 | +€180,803 | +62.8% |
| Furniture and vehicles | 24 | €945 | €129 | -€816 | -86.4% |
| Current assets | 29/58 | €160,543 | €227,863 | +€67,320 | +41.9% |
| Amounts receivable after more than one year | 29 | €58,000 | €14,000 | -€44,000 | -75.9% |
| Other amounts receivable | 291 | €58,000 | €14,000 | -€44,000 | -75.9% |
| Amounts receivable within one year | 40/41 | €69,826 | €166,871 | +€97,045 | +139.0% |
| Trade receivables | 40 | €26,015 | €39,325 | +€13,310 | +51.2% |
| Other amounts receivable | 41 | €43,811 | €127,546 | +€83,735 | +191.1% |
| Current investments | 50/53 | €3,884 | €5,340 | +€1,456 | +37.5% |
| Cash at bank and in hand | 54/58 | €27,313 | €37,347 | +€10,034 | +36.7% |
| Deferred charges and accrued income | 490/1 | €1,520 | €4,305 | +€2,785 | +183.2% |
| Total equity and liabilities | 10/49 | €449,486 | €696,792 | +€247,307 | +55.0% |
| Equity | 10/15 | €153,082 | €196,137 | +€43,054 | +28.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €115,882 | €158,937 | +€43,054 | +37.2% |
| Distributable reserves | 133 | €115,882 | €158,937 | +€43,054 | +37.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €296,403 | €500,656 | +€204,252 | +68.9% |
| Amounts payable after more than one year | 17 | €187,912 | €366,637 | +€178,725 | +95.1% |
| Financial debts | 170/4 | €187,912 | €366,637 | +€178,725 | +95.1% |
| Amounts payable within one year | 42/48 | €108,491 | €134,019 | +€25,528 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €5,118 | €10,479 | +€5,361 | +104.7% |
| Financial debts | 43 | €12,454 | €16,342 | +€3,888 | +31.2% |
| Credit institutions | 430/8 | - | €16,342 | +€16,342 | |
| Other loans | 439 | €12,454 | €0 | -€12,454 | -100.0% |
| Trade debts | 44 | €1,871 | €6,678 | +€4,806 | +256.9% |
| Suppliers | 440/4 | €1,871 | €6,678 | +€4,806 | +256.9% |
| Taxes, remuneration and social security | 45 | €42,925 | €59,520 | +€16,595 | +38.7% |
| Taxes | 450/3 | €42,925 | €59,520 | +€16,595 | +38.7% |
| Other amounts payable | 47/48 | €46,123 | €41,000 | -€5,123 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,775 | €9,217 | +€5,442 | +144.2% |
| Other operating charges | 640/8 | €2,736 | €2,818 | +€81 | +3.0% |
| Gross operating margin | 9900 | €140,519 | €168,659 | +€28,140 | +20.0% |
| Operating profit (loss) | 9901 | €134,008 | €156,624 | +€22,616 | +16.9% |
| Financial income | 75/76B | €3,438 | €6,561 | +€3,122 | +90.8% |
| Recurring financial income | 75 | €3,438 | €6,561 | +€3,122 | +90.8% |
| Financial charges | 65/66B | €7,658 | €13,166 | +€5,508 | +71.9% |
| Recurring financial charges | 65 | €7,658 | €13,166 | +€5,508 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €129,788 | €150,019 | +€20,231 | +15.6% |
| Income taxes | 67/77 | €36,766 | €45,964 | +€9,198 | +25.0% |
| Profit (loss) for the period | 9904 | €93,022 | €104,054 | +€11,032 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,022 | €104,054 | +€11,032 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.