CIJ: 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.
CIJ
Largest movements
- Cash +€89,529
up €89,529 (+150.4%), from €59,535 to €149,064
mainly Net result for the year (+€69,184) and Investment in fixed assets (net) (+€55,223)
- Tangible fixed assets -€74,639
down €74,639 (-26.5%), from €281,622 to €206,983
of which Land and buildings: -€58,886
- Receivables within one year +€34,644
up €34,644 (+335.5%), from €10,326 to €44,970
of which Trade receivables: +€34,644
- Reserves +€69,259
up €69,259 (+45.9%), from €151,000 to €220,259
of which Distributable reserves: +€47,000
- Debts after one year -€25,482
down €25,482 (-19.5%), from €130,420 to €104,938
- Trade debts +€7,916
up €7,916 (+2044.1%), from €387 to €8,303
- Provisions +€7,420
new in 2025: €7,420
- Other debts -€7,003
down €7,003 (-94.2%), from €7,431 to €428
- Gross operating margin +€26,273
up €26,273 (+26.0%), from €101,077 to €127,351
- Staff costs +€9,590
new in 2025: €9,590
- Financial charges -€2,723
down €2,723 (-39.9%), from €6,819 to €4,096
- Depreciation -€2,415
down €2,415 (-11.1%), from €21,832 to €19,417
- Other operating charges -€1,674
down €1,674 (-73.8%), from €2,267 to €593
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 | €352,146 | €401,705 | +€49,559 | +14.1% |
| Fixed assets | 21/28 | €281,622 | €206,983 | -€74,639 | -26.5% |
| Tangible fixed assets | 22/27 | €281,622 | €206,983 | -€74,639 | -26.5% |
| Land and buildings | 22 | €237,081 | €178,196 | -€58,886 | -24.8% |
| Plant, machinery and equipment | 23 | €39,036 | €25,357 | -€13,679 | -35.0% |
| Furniture and vehicles | 24 | €5,504 | €3,430 | -€2,075 | -37.7% |
| Current assets | 29/58 | €70,524 | €194,722 | +€124,199 | +176.1% |
| Amounts receivable within one year | 40/41 | €10,326 | €44,970 | +€34,644 | +335.5% |
| Trade receivables | 40 | €10,326 | €44,970 | +€34,644 | +335.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59,535 | €149,064 | +€89,529 | +150.4% |
| Deferred charges and accrued income | 490/1 | €663 | €688 | +€25 | +3.7% |
| Total equity and liabilities | 10/49 | €352,146 | €401,705 | +€49,559 | +14.1% |
| Equity | 10/15 | €171,932 | €241,116 | +€69,184 | +40.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €151,000 | €220,259 | +€69,259 | +45.9% |
| Tax-exempt reserves | 132 | - | €22,259 | +€22,259 | |
| Distributable reserves | 133 | €151,000 | €198,000 | +€47,000 | +31.1% |
| Profit (loss) carried forward | 14 | €472 | €396 | -€76 | -16.0% |
| Provisions and deferred taxes | 16 | - | €7,420 | +€7,420 | |
| Deferred taxes | 168 | - | €7,420 | +€7,420 | |
| Amounts payable | 17/49 | €180,214 | €153,170 | -€27,044 | -15.0% |
| Amounts payable after more than one year | 17 | €130,420 | €104,938 | -€25,482 | -19.5% |
| Financial debts | 170/4 | €130,420 | €104,938 | -€25,482 | -19.5% |
| Amounts payable within one year | 42/48 | €49,794 | €48,232 | -€1,562 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €34,020 | €27,982 | -€6,037 | -17.7% |
| Trade debts | 44 | €387 | €8,303 | +€7,916 | +2044.1% |
| Suppliers | 440/4 | €387 | €8,303 | +€7,916 | +2044.1% |
| Taxes, remuneration and social security | 45 | €7,956 | €11,518 | +€3,562 | +44.8% |
| Taxes | 450/3 | €7,956 | €10,633 | +€2,677 | +33.6% |
| Remuneration and social security | 454/9 | - | €886 | +€886 | |
| Other amounts payable | 47/48 | €7,431 | €428 | -€7,003 | -94.2% |
| Remuneration, social security and pensions | 62 | - | €9,590 | +€9,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,832 | €19,417 | -€2,415 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,014 | -€1,014 | |
| Other operating charges | 640/8 | €2,267 | €593 | -€1,674 | -73.8% |
| Gross operating margin | 9900 | €101,077 | €127,351 | +€26,273 | +26.0% |
| Operating profit (loss) | 9901 | €76,979 | €98,765 | +€21,785 | +28.3% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €6,819 | €4,096 | -€2,723 | -39.9% |
| Recurring financial charges | 65 | €6,819 | €4,096 | -€2,723 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €70,160 | €94,694 | +€24,533 | +35.0% |
| Transfer to deferred taxes | 680 | - | €7,420 | +€7,420 | |
| Income taxes | 67/77 | €19,711 | €18,090 | -€1,621 | -8.2% |
| Profit (loss) for the period | 9904 | €50,449 | €69,184 | +€18,734 | +37.1% |
| Transfer to tax-exempt reserves | 689 | - | €22,259 | +€22,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,449 | €46,924 | -€3,525 | -7.0% |
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 7 October 2026 via checked.be.