CJ GROUP: 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 GROUP
Largest movements
- Stocks and contracts +€41,911
up €41,911 (+299%), from €14,000 to €55,911
of which Contracts in progress: +€41,911
- Receivables within one year -€40,968
down €40,968 (-27.0%), from €151,867 to €110,900
of which Other amounts receivable: -€37,690
- Tangible fixed assets -€10,792
down €10,792 (-34.1%), from €31,688 to €20,896
of which Plant, machinery and equipment: -€10,360
- Deferred charges and accrued income +€3,803
new in 2025: €3,803
- Tax, wage and social debts -€29,873
down €29,873 (-65.9%), from €45,364 to €15,491
- Trade debts +€14,829
up €14,829 (+98.0%), from €15,131 to €29,960
- Profit (loss) carried forward +€14,744
up €14,744 (+18.4%), from €80,200 to €94,944
- Current portion of long-term debt -€4,740
no longer reported in 2025 (was €4,740)
- Gross operating margin -€11,598
down €11,598 (-24.9%), from €46,576 to €34,978
- Other operating charges -€8,322
down €8,322 (-83.2%), from €9,997 to €1,675
- Depreciation -€1,857
down €1,857 (-15.2%), from €12,216 to €10,360
- Financial charges -€995
down €995 (-29.1%), from €3,414 to €2,419
- Taxes -€818
down €818 (-12.4%), from €6,604 to €5,786
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 | €221,237 | €216,197 | -€5,039 | -2.3% |
| Fixed assets | 21/28 | €32,123 | €21,331 | -€10,792 | -33.6% |
| Tangible fixed assets | 22/27 | €31,688 | €20,896 | -€10,792 | -34.1% |
| Plant, machinery and equipment | 23 | €31,256 | €20,896 | -€10,360 | -33.1% |
| Furniture and vehicles | 24 | €432 | - | -€432 | |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €189,114 | €194,866 | +€5,752 | +3.0% |
| Stocks and contracts in progress | 3 | €14,000 | €55,911 | +€41,911 | +299% |
| Stocks | 30/36 | €14,000 | €14,000 | = | 0.0% |
| Contracts in progress | 37 | - | €41,911 | +€41,911 | |
| Amounts receivable within one year | 40/41 | €151,867 | €110,900 | -€40,968 | -27.0% |
| Trade receivables | 40 | €20,318 | €17,041 | -€3,277 | -16.1% |
| Other amounts receivable | 41 | €131,550 | €93,859 | -€37,690 | -28.7% |
| Cash at bank and in hand | 54/58 | €23,246 | €24,252 | +€1,006 | +4.3% |
| Deferred charges and accrued income | 490/1 | - | €3,803 | +€3,803 | |
| Total equity and liabilities | 10/49 | €221,237 | €216,197 | -€5,039 | -2.3% |
| Equity | 10/15 | €156,003 | €170,747 | +€14,744 | +9.5% |
| Contributions | 10/11 | €26,773 | €26,773 | = | 0.0% |
| Reserves | 13 | €49,030 | €49,030 | = | 0.0% |
| Distributable reserves | 133 | €49,030 | €49,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,200 | €94,944 | +€14,744 | +18.4% |
| Amounts payable | 17/49 | €65,234 | €45,451 | -€19,783 | -30.3% |
| Amounts payable within one year | 42/48 | €65,234 | €45,451 | -€19,783 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €4,740 | - | -€4,740 | |
| Trade debts | 44 | €15,131 | €29,960 | +€14,829 | +98.0% |
| Suppliers | 440/4 | €15,131 | €29,960 | +€14,829 | +98.0% |
| Taxes, remuneration and social security | 45 | €45,364 | €15,491 | -€29,873 | -65.9% |
| Taxes | 450/3 | €45,364 | €15,491 | -€29,873 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,216 | €10,360 | -€1,857 | -15.2% |
| Other operating charges | 640/8 | €9,997 | €1,675 | -€8,322 | -83.2% |
| Gross operating margin | 9900 | €46,576 | €34,978 | -€11,598 | -24.9% |
| Operating profit (loss) | 9901 | €24,362 | €22,943 | -€1,419 | -5.8% |
| Financial income | 75/76B | €9 | €6 | -€3 | -34.4% |
| Recurring financial income | 75 | €9 | €6 | -€3 | -34.4% |
| Financial charges | 65/66B | €3,414 | €2,419 | -€995 | -29.1% |
| Recurring financial charges | 65 | €3,414 | €2,419 | -€995 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €20,958 | €20,530 | -€428 | -2.0% |
| Income taxes | 67/77 | €6,604 | €5,786 | -€818 | -12.4% |
| Profit (loss) for the period | 9904 | €14,354 | €14,744 | +€390 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,354 | €14,744 | +€390 | +2.7% |
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 14 October 2026 via checked.be.