CJ: what changed
What changed
CJ
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€162,564
2024 · €134,579+€27,985
Equity
€692,849
2024 · €530,285+€162,564
Cash
€375,649
2024 · €270,228+€105,422
Balance sheet total
€805,640
2024 · €705,420+€100,220
Largest movements
Assets
- Cash +€105,422
up €105,422 (+39.0%), from €270,228 to €375,649
mainly Net result for the year (+€162,564) and Depreciation (+€85,926)
- Tangible fixed assets -€43,618
down €43,618 (-11.8%), from €369,281 to €325,663
- Receivables within one year +€38,416
up €38,416 (+58.3%), from €65,912 to €104,327
of which Trade receivables: +€38,420
Equity and liabilities
- Reserves +€162,564
up €162,564 (+31.4%), from €517,885 to €680,449
of which Distributable reserves: +€138,564
- Debts after one year -€62,326
no longer reported in 2025 (was €62,326)
- Current portion of long-term debt -€10,574
down €10,574 (-14.5%), from €72,900 to €62,326
Income statement
- Gross operating margin +€47,584
up €47,584 (+17.3%), from €275,729 to €323,313
- Depreciation +€30,882
up €30,882 (+56.1%), from €55,044 to €85,926
- Taxes +€5,087
up €5,087 (+8.8%), from €57,952 to €63,039
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€134,579
Gross operating margin
+€47,584
Staff costs
+€1,185
Depreciation
-€30,882
Other operating charges
-€12
Other operating items
+€21,472
Financial income
+€1,465
Financial charges
+€261
Taxes
-€5,087
Deferred taxes and other
-€8,000
Result 2025
€162,564
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€220,630
Investment
-€42,308
Financing
-€72,900
Cash 2024
€270,228
From operations (derived)
+€220,630
Net result for the year
+€162,564
Depreciation
+€85,926
Receivables within one year
-€38,416
Provisions
+€8,000
Trade debts
+€7,608
Tax, wage and social debts
+€2,489
Other debts
-€6,313
Accrued charges and deferred income
-€1,228
Investment (derived)
-€42,308
Investment in fixed assets (net)
-€42,308
Financing
-€72,900
Debts after one year
-€62,326
Current portion of long-term debt
-€10,574
Cash 2025
€375,649
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,420 | €805,640 | +€100,220 | +14.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €369,281 | €325,663 | -€43,618 | -11.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €369,281 | €325,663 | -€43,618 | -11.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €51,614 | €40,959 | -€10,655 | -20.6% |
| Furniture and vehicles | 24 | €162,597 | €149,259 | -€13,338 | -8.2% |
| Leasing and similar rights | 25 | €155,070 | €135,445 | -€19,625 | -12.7% |
| Current assets | 29/58 | €336,140 | €479,977 | +€143,837 | +42.8% |
| Amounts receivable within one year | 40/41 | €65,912 | €104,327 | +€38,416 | +58.3% |
| Trade receivables | 40 | €65,907 | €104,327 | +€38,420 | +58.3% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €270,228 | €375,649 | +€105,422 | +39.0% |
| Total equity and liabilities | 10/49 | €705,420 | €805,640 | +€100,220 | +14.2% |
| Equity | 10/15 | €530,285 | €692,849 | +€162,564 | +30.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517,885 | €680,449 | +€162,564 | +31.4% |
| Tax-exempt reserves | 132 | - | €24,000 | +€24,000 | |
| Distributable reserves | 133 | €517,885 | €656,449 | +€138,564 | +26.8% |
| Provisions and deferred taxes | 16 | - | €8,000 | +€8,000 | |
| Deferred taxes | 168 | - | €8,000 | +€8,000 | |
| Amounts payable | 17/49 | €175,135 | €104,791 | -€70,344 | -40.2% |
| Amounts payable after more than one year | 17 | €62,326 | - | -€62,326 | |
| Financial debts | 170/4 | €62,326 | - | -€62,326 | |
| Amounts payable within one year | 42/48 | €111,133 | €104,343 | -€6,791 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €72,900 | €62,326 | -€10,574 | -14.5% |
| Trade debts | 44 | €12,621 | €20,229 | +€7,608 | +60.3% |
| Suppliers | 440/4 | €12,621 | €20,229 | +€7,608 | +60.3% |
| Taxes, remuneration and social security | 45 | €15,135 | €17,624 | +€2,489 | +16.4% |
| Taxes | 450/3 | €15,135 | €17,624 | +€2,489 | +16.4% |
| Other amounts payable | 47/48 | €10,477 | €4,164 | -€6,313 | -60.3% |
| Accrued charges and deferred income | 492/3 | €1,676 | €448 | -€1,228 | -73.3% |
| Non-recurring operating income | 76A | €13,532 | €40,787 | +€27,255 | +201% |
| Remuneration, social security and pensions | 62 | €3,086 | €1,901 | -€1,185 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,044 | €85,926 | +€30,882 | +56.1% |
| Other operating charges | 640/8 | €1,462 | €1,474 | +€12 | +0.8% |
| Non-recurring operating charges | 66A | €23,373 | €1,901 | -€21,472 | -91.9% |
| Gross operating margin | 9900 | €275,729 | €323,313 | +€47,584 | +17.3% |
| Operating profit (loss) | 9901 | €192,764 | €232,111 | +€39,347 | +20.4% |
| Financial income | 75/76B | €84 | €1,548 | +€1,465 | +1,754% |
| Recurring financial income | 75 | €84 | €1,548 | +€1,465 | +1,754% |
| Financial charges | 65/66B | €317 | €56 | -€261 | -82.5% |
| Recurring financial charges | 65 | €317 | €56 | -€261 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €192,531 | €233,604 | +€41,072 | +21.3% |
| Transfer from deferred taxes | 780 | - | €2,000 | +€2,000 | |
| Transfer to deferred taxes | 680 | - | €10,000 | +€10,000 | |
| Income taxes | 67/77 | €57,952 | €63,039 | +€5,087 | +8.8% |
| Profit (loss) for the period | 9904 | €134,579 | €162,564 | +€27,985 | +20.8% |
| Transfer from tax-exempt reserves | 789 | - | €6,000 | +€6,000 | |
| Transfer to tax-exempt reserves | 689 | - | €30,000 | +€30,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,579 | €138,564 | +€3,985 | +3.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.