CJ ACTIVITY CONCEPT: 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.
CJ ACTIVITY CONCEPT
Largest movements
- Receivables within one year +€76,806
up €76,806 (+137.2%), from €55,976 to €132,782
of which Trade receivables: +€38,968
- Cash -€50,873
down €50,873 (-94.9%), from €53,610 to €2,738
mainly Receivables within one year (-€76,806) and Contributions, distributions and other (-€54,031)
- Tangible fixed assets +€15,012
up €15,012 (+1786.2%), from €840 to €15,853
- Current investments +€4,500
up €4,500 (+7.2%), from €62,882 to €67,382
- Other debts +€49,291
up €49,291 (+37.7%), from €130,883 to €180,173
- Trade debts -€2,833
down €2,833 (-21.8%), from €12,997 to €10,164
- Gross operating margin +€53,285
up €53,285 (+221.2%), from €24,092 to €77,377
- Taxes +€11,837
up €11,837 (+156.2%), from €7,579 to €19,416
- Depreciation +€2,150
up €2,150 (+1121.2%), from €192 to €2,342
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 | €175,029 | €220,643 | +€45,614 | +26.1% |
| Fixed assets | 21/28 | €1,040 | €16,053 | +€15,012 | +1442.9% |
| Tangible fixed assets | 22/27 | €840 | €15,853 | +€15,012 | +1786.2% |
| Furniture and vehicles | 24 | €840 | €15,853 | +€15,012 | +1786.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €173,989 | €204,590 | +€30,601 | +17.6% |
| Amounts receivable within one year | 40/41 | €55,976 | €132,782 | +€76,806 | +137.2% |
| Trade receivables | 40 | €33,888 | €72,856 | +€38,968 | +115.0% |
| Other amounts receivable | 41 | €22,088 | €59,926 | +€37,838 | +171.3% |
| Current investments | 50/53 | €62,882 | €67,382 | +€4,500 | +7.2% |
| Cash at bank and in hand | 54/58 | €53,610 | €2,738 | -€50,873 | -94.9% |
| Deferred charges and accrued income | 490/1 | €1,521 | €1,689 | +€168 | +11.0% |
| Total equity and liabilities | 10/49 | €175,029 | €220,643 | +€45,614 | +26.1% |
| Equity | 10/15 | €18,601 | €18,600 | -€1 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | €0 | -€1 | -85.5% |
| Amounts payable | 17/49 | €156,428 | €202,043 | +€45,615 | +29.2% |
| Amounts payable within one year | 42/48 | €156,428 | €202,043 | +€45,615 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €12,997 | €10,164 | -€2,833 | -21.8% |
| Suppliers | 440/4 | €12,997 | €10,164 | -€2,833 | -21.8% |
| Taxes, remuneration and social security | 45 | €5,549 | €4,706 | -€843 | -15.2% |
| Taxes | 450/3 | €5,549 | €4,706 | -€843 | -15.2% |
| Other amounts payable | 47/48 | €130,883 | €180,173 | +€49,291 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €2,342 | +€2,150 | +1121.2% |
| Other operating charges | 640/8 | €952 | €1,231 | +€280 | +29.4% |
| Gross operating margin | 9900 | €24,092 | €77,377 | +€53,285 | +221.2% |
| Operating profit (loss) | 9901 | €22,948 | €73,804 | +€50,856 | +221.6% |
| Financial income | 75/76B | €1 | €36 | +€35 | +2654.2% |
| Recurring financial income | 75 | €1 | €36 | +€35 | +2654.2% |
| Financial charges | 65/66B | €462 | €393 | -€68 | -14.8% |
| Recurring financial charges | 65 | €462 | €393 | -€68 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €22,488 | €73,447 | +€50,959 | +226.6% |
| Income taxes | 67/77 | €7,579 | €19,416 | +€11,837 | +156.2% |
| Profit (loss) for the period | 9904 | €14,908 | €54,030 | +€39,122 | +262.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,908 | €54,030 | +€39,122 | +262.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.