CJ Group: 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.
What changed
CJ Group
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,953
2024 · €1,514+€439
Equity
€4.0m
2024 · €4.0m+€1,953
Cash
€185,082
2024 · €166,876+€18,206
Balance sheet total
€5.1m
2024 · €5.1m+€11,620
Largest movements
Assets
- Current investments -€74,069
down €74,069 (-55.9%), from €132,428 to €58,359
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€50,573
up €50,573 (+33.7%), from €150,124 to €200,697
- Other operating charges +€30,731
up €30,731 (+32.7%), from €94,012 to €124,743
- Write-downs +€5,580
up €5,580 (+89.0%), from €6,272 to €11,852
- Taxes +€5,394
up €5,394 (+556.1%), from €970 to €6,364
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.
Result 2024
€1,514
Gross operating margin
+€50,573
Depreciation
-€172
Write-downs
-€5,580
Other operating charges
-€30,731
Other operating items
-€7,045
Financial income
+€549
Financial charges
-€1,761
Taxes
-€5,394
Result 2025
€1,953
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.
From operations
+€29,458
Investment
+€1,913
Financing
-€13,165
Cash 2024
€166,876
From operations (derived)
+€29,458
Net result for the year
+€1,953
Depreciation
+€33,238
Receivables within one year
-€26,665
Deferred charges and accrued income
-€1,900
Trade debts
+€11,085
Tax, wage and social debts
+€6,108
Accrued charges and deferred income
+€5,639
Investment (derived)
+€1,913
Investment in fixed assets (net)
-€72,156
Current investments
+€74,069
Financing
-€13,165
Debts after one year
-€14,127
Current portion of long-term debt
+€962
Cash 2025
€185,082
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,099,736 | €5,111,356 | +€11,620 | +0.2% |
| Fixed assets | 21/28 | €3,820,578 | €3,859,496 | +€38,918 | +1.0% |
| Tangible fixed assets | 22/27 | €3,820,578 | €3,859,496 | +€38,918 | +1.0% |
| Land and buildings | 22 | €3,764,344 | €3,748,149 | -€16,195 | -0.4% |
| Plant, machinery and equipment | 23 | €34,413 | €96,422 | +€62,009 | +180.2% |
| Furniture and vehicles | 24 | €1,759 | €4,016 | +€2,257 | +128.3% |
| Leasing and similar rights | 25 | €20,062 | €10,909 | -€9,153 | -45.6% |
| Current assets | 29/58 | €1,279,158 | €1,251,860 | -€27,298 | -2.1% |
| Amounts receivable within one year | 40/41 | €979,854 | €1,006,519 | +€26,665 | +2.7% |
| Trade receivables | 40 | €11,853 | - | -€11,853 | |
| Other amounts receivable | 41 | €968,001 | €1,006,519 | +€38,518 | +4.0% |
| Current investments | 50/53 | €132,428 | €58,359 | -€74,069 | -55.9% |
| Cash at bank and in hand | 54/58 | €166,876 | €185,082 | +€18,206 | +10.9% |
| Deferred charges and accrued income | 490/1 | - | €1,900 | +€1,900 | |
| Total equity and liabilities | 10/49 | €5,099,736 | €5,111,356 | +€11,620 | +0.2% |
| Equity | 10/15 | €4,031,248 | €4,033,201 | +€1,953 | 0.0% |
| Contributions | 10/11 | €753,618 | €753,618 | = | 0.0% |
| Capital | 10 | €753,618 | €753,618 | = | 0.0% |
| Issued capital | 100 | €753,618 | €753,618 | = | 0.0% |
| Revaluation surpluses | 12 | €3,236,041 | €3,236,041 | = | 0.0% |
| Reserves | 13 | €38,594 | €38,692 | +€98 | +0.3% |
| Non-distributable reserves | 130/1 | €38,594 | €38,692 | +€98 | +0.3% |
| Legal reserve | 130 | €38,594 | €38,692 | +€98 | +0.3% |
| Profit (loss) carried forward | 14 | €2,995 | €4,850 | +€1,855 | +61.9% |
| Amounts payable | 17/49 | €1,068,488 | €1,078,155 | +€9,667 | +0.9% |
| Amounts payable after more than one year | 17 | €260,529 | €246,402 | -€14,127 | -5.4% |
| Financial debts | 170/4 | €199,981 | €164,072 | -€35,909 | -18.0% |
| Other amounts payable | 178/9 | €60,548 | €82,330 | +€21,782 | +36.0% |
| Amounts payable within one year | 42/48 | €807,959 | €826,114 | +€18,155 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €35,166 | €36,128 | +€962 | +2.7% |
| Trade debts | 44 | €771,913 | €782,998 | +€11,085 | +1.4% |
| Suppliers | 440/4 | €771,913 | €782,998 | +€11,085 | +1.4% |
| Taxes, remuneration and social security | 45 | €880 | €6,988 | +€6,108 | +694.1% |
| Taxes | 450/3 | €880 | €6,988 | +€6,108 | +694.1% |
| Accrued charges and deferred income | 492/3 | - | €5,639 | +€5,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,066 | €33,238 | +€172 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,272 | €11,852 | +€5,580 | +89.0% |
| Other operating charges | 640/8 | €94,012 | €124,743 | +€30,731 | +32.7% |
| Non-recurring operating charges | 66A | €10,400 | €17,445 | +€7,045 | +67.7% |
| Gross operating margin | 9900 | €150,124 | €200,697 | +€50,573 | +33.7% |
| Operating profit (loss) | 9901 | €6,374 | €13,419 | +€7,045 | +110.5% |
| Financial income | 75/76B | €311 | €860 | +€549 | +176.5% |
| Recurring financial income | 75 | €311 | €860 | +€549 | +176.5% |
| Financial charges | 65/66B | €4,201 | €5,962 | +€1,761 | +41.9% |
| Recurring financial charges | 65 | €3,951 | €5,962 | +€2,011 | +50.9% |
| Non-recurring financial charges | 66B | €250 | - | -€250 | |
| Profit (loss) for the period before taxes | 9903 | €2,484 | €8,317 | +€5,833 | +234.8% |
| Income taxes | 67/77 | €970 | €6,364 | +€5,394 | +556.1% |
| Profit (loss) for the period | 9904 | €1,514 | €1,953 | +€439 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,514 | €1,953 | +€439 | +29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.