CJ: 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.
CJ
Largest movements
- Receivables within one year -€322,881
down €322,881 (-62.3%), from €518,386 to €195,505
of which Other amounts receivable: -€348,441
- Cash -€167,056
down €167,056 (-93.5%), from €178,622 to €11,566
mainly Debts after one year (-€399,351) and Other debts (-€71,196)
- Stocks and contracts -€22,104
down €22,104 (-22.3%), from €99,004 to €76,900
- Debts after one year -€399,351
down €399,351 (-100%), from €399,351 to €0
- Other debts -€71,196
down €71,196 (-69.3%), from €102,799 to €31,603
- Current portion of long-term debt -€39,262
down €39,262 (-100%), from €39,262 to €0
- Tax, wage and social debts -€26,342
down €26,342 (-39.9%), from €65,969 to €39,627
of which Taxes: -€20,901
- Gross operating margin -€300,529
down €300,529 (-33.4%), from €900,596 to €600,067
- Staff costs -€121,034
down €121,034 (-18.5%), from €655,017 to €533,983
- Other operating charges -€58,572
down €58,572 (-96.0%), from €60,982 to €2,410
- Taxes -€15,342
down €15,342 (-74.8%), from €20,509 to €5,168
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 | €815,637 | €295,360 | -€520,277 | -63.8% |
| Fixed assets | 21/28 | €13,040 | €5,065 | -€7,975 | -61.2% |
| Tangible fixed assets | 22/27 | €13,040 | €5,065 | -€7,975 | -61.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,559 | €5,065 | -€3,494 | -40.8% |
| Furniture and vehicles | 24 | €4,481 | €0 | -€4,481 | -100% |
| Current assets | 29/58 | €802,597 | €290,295 | -€512,302 | -63.8% |
| Stocks and contracts in progress | 3 | €99,004 | €76,900 | -€22,104 | -22.3% |
| Stocks | 30/36 | €99,004 | €76,900 | -€22,104 | -22.3% |
| Amounts receivable within one year | 40/41 | €518,386 | €195,505 | -€322,881 | -62.3% |
| Trade receivables | 40 | €155,637 | €181,197 | +€25,560 | +16.4% |
| Other amounts receivable | 41 | €362,749 | €14,308 | -€348,441 | -96.1% |
| Current investments | 50/53 | €255 | €255 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €178,622 | €11,566 | -€167,056 | -93.5% |
| Deferred charges and accrued income | 490/1 | €6,331 | €6,070 | -€261 | -4.1% |
| Total equity and liabilities | 10/49 | €815,637 | €295,360 | -€520,277 | -63.8% |
| Equity | 10/15 | €101,827 | €108,861 | +€7,034 | +6.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,567 | €100,601 | +€7,034 | +7.5% |
| Amounts payable | 17/49 | €713,810 | €186,499 | -€527,311 | -73.9% |
| Amounts payable after more than one year | 17 | €399,351 | €0 | -€399,351 | -100% |
| Financial debts | 170/4 | €399,351 | €0 | -€399,351 | -100% |
| Amounts payable within one year | 42/48 | €314,459 | €183,845 | -€130,614 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €39,262 | €0 | -€39,262 | -100% |
| Trade debts | 44 | €106,429 | €112,615 | +€6,186 | +5.8% |
| Suppliers | 440/4 | €106,429 | €112,615 | +€6,186 | +5.8% |
| Taxes, remuneration and social security | 45 | €65,969 | €39,627 | -€26,342 | -39.9% |
| Taxes | 450/3 | €21,888 | €988 | -€20,901 | -95.5% |
| Remuneration and social security | 454/9 | €44,081 | €38,640 | -€5,441 | -12.3% |
| Other amounts payable | 47/48 | €102,799 | €31,603 | -€71,196 | -69.3% |
| Accrued charges and deferred income | 492/3 | €0 | €2,654 | +€2,654 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €655,017 | €533,983 | -€121,034 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,020 | €3,494 | -€3,527 | -50.2% |
| Other operating charges | 640/8 | €60,982 | €2,410 | -€58,572 | -96.0% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | €900,596 | €600,067 | -€300,529 | -33.4% |
| Operating profit (loss) | 9901 | €177,576 | €56,180 | -€121,396 | -68.4% |
| Financial income | 75/76B | €1,505 | €424 | -€1,081 | -71.8% |
| Recurring financial income | 75 | €1,505 | €424 | -€1,081 | -71.8% |
| Financial charges | 65/66B | €21,803 | €14,403 | -€7,400 | -33.9% |
| Recurring financial charges | 65 | €21,803 | €14,403 | -€7,400 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €157,278 | €42,201 | -€115,077 | -73.2% |
| Income taxes | 67/77 | €20,509 | €5,168 | -€15,342 | -74.8% |
| Profit (loss) for the period | 9904 | €136,769 | €37,034 | -€99,735 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,769 | €37,034 | -€99,735 | -72.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.