CJ DEPAN: 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 DEPAN
Largest movements
- Receivables within one year -€99,442
down €99,442 (-68.3%), from €145,546 to €46,105
of which Trade receivables: -€105,885
- Cash -€19,329
down €19,329 (-24.5%), from €78,747 to €59,418
mainly Trade debts (-€89,876) and Contributions, distributions and other (-€65,000)
- Tangible fixed assets +€13,775
up €13,775 (+36.2%), from €38,075 to €51,850
of which Furniture and vehicles: +€13,373
- Trade debts -€89,876
down €89,876 (-59.8%), from €150,174 to €60,298
of which Suppliers: -€56,164
- Profit (loss) carried forward -€82,554
down €82,554 (-86.1%), from €95,903 to €13,349
- Other debts +€66,223
up €66,223 (+1,242%), from €5,330 to €71,553
- Tax, wage and social debts +€5,065
up €5,065 (+31.4%), from €16,136 to €21,201
of which Taxes: +€9,660
- Debts after one year -€4,291
no longer reported in 2025 (was €4,291)
- Gross operating margin -€68,678
down €68,678 (-65.5%), from €104,774 to €36,096
- Taxes -€14,427
down €14,427 (-100.0%), from €14,427 to €0
- Other operating charges +€2,965
up €2,965 (+199%), from €1,492 to €4,457
- Staff costs +€1,287
up €1,287 (+3.7%), from €34,702 to €35,989
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 | €286,353 | €176,692 | -€109,661 | -38.3% |
| Fixed assets | 21/28 | €38,095 | €51,870 | +€13,775 | +36.2% |
| Tangible fixed assets | 22/27 | €38,075 | €51,850 | +€13,775 | +36.2% |
| Plant, machinery and equipment | 23 | €7,782 | €8,184 | +€402 | +5.2% |
| Furniture and vehicles | 24 | €30,293 | €43,665 | +€13,373 | +44.1% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €248,258 | €124,822 | -€123,436 | -49.7% |
| Stocks and contracts in progress | 3 | €4,368 | €2,249 | -€2,119 | -48.5% |
| Stocks | 30/36 | €4,368 | €2,249 | -€2,119 | -48.5% |
| Amounts receivable within one year | 40/41 | €145,546 | €46,105 | -€99,442 | -68.3% |
| Trade receivables | 40 | €144,198 | €38,313 | -€105,885 | -73.4% |
| Other amounts receivable | 41 | €1,348 | €7,792 | +€6,444 | +478% |
| Cash at bank and in hand | 54/58 | €78,747 | €59,418 | -€19,329 | -24.5% |
| Deferred charges and accrued income | 490/1 | €19,596 | €17,051 | -€2,546 | -13.0% |
| Total equity and liabilities | 10/49 | €286,353 | €176,692 | -€109,661 | -38.3% |
| Equity | 10/15 | €101,903 | €19,349 | -€82,554 | -81.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,903 | €13,349 | -€82,554 | -86.1% |
| Amounts payable | 17/49 | €184,450 | €157,343 | -€27,107 | -14.7% |
| Amounts payable after more than one year | 17 | €4,291 | - | -€4,291 | |
| Financial debts | 170/4 | €4,291 | - | -€4,291 | |
| Amounts payable within one year | 42/48 | €180,159 | €157,343 | -€22,816 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €8,520 | €4,291 | -€4,229 | -49.6% |
| Trade debts | 44 | €150,174 | €60,298 | -€89,876 | -59.8% |
| Suppliers | 440/4 | €116,462 | €60,298 | -€56,164 | -48.2% |
| Bills of exchange payable | 441 | €33,712 | - | -€33,712 | |
| Taxes, remuneration and social security | 45 | €16,136 | €21,201 | +€5,065 | +31.4% |
| Taxes | 450/3 | €9,464 | €19,124 | +€9,660 | +102% |
| Remuneration and social security | 454/9 | €6,671 | €2,077 | -€4,594 | -68.9% |
| Other amounts payable | 47/48 | €5,330 | €71,553 | +€66,223 | +1,242% |
| Remuneration, social security and pensions | 62 | €34,702 | €35,989 | +€1,287 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,949 | €10,697 | -€252 | -2.3% |
| Other operating charges | 640/8 | €1,492 | €4,457 | +€2,965 | +199% |
| Gross operating margin | 9900 | €104,774 | €36,096 | -€68,678 | -65.5% |
| Operating profit (loss) | 9901 | €57,631 | -€15,047 | -€72,678 | |
| Financial income | 75/76B | €250 | €411 | +€161 | +64.6% |
| Recurring financial income | 75 | €250 | €411 | +€161 | +64.6% |
| Financial charges | 65/66B | €3,773 | €2,918 | -€855 | -22.7% |
| Recurring financial charges | 65 | €3,773 | €2,918 | -€855 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €54,107 | -€17,554 | -€71,662 | |
| Income taxes | 67/77 | €14,427 | €0 | -€14,427 | -100.0% |
| Profit (loss) for the period | 9904 | €39,681 | -€17,554 | -€57,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,681 | -€17,554 | -€57,235 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.