CJA HOLDING: 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.
CJA HOLDING
Largest movements
- Tangible fixed assets +€100,526
up €100,526 (+66.9%), from €150,248 to €250,774
of which Assets under construction and advance payments: +€103,120
- Cash -€35,416
down €35,416 (-34.6%), from €102,335 to €66,919
mainly Other debts (-€203,524) and Contributions, distributions and other (-€200,000)
- Reserves +€227,000
up €227,000 (+38.5%), from €589,545 to €816,545
- Other debts -€203,524
down €203,524 (-34.5%), from €589,581 to €386,056
- Trade debts +€19,399
up €19,399 (+357%), from €5,427 to €24,826
- Financial income +€72,765
up €72,765 (+20.3%), from €357,950 to €430,715
- Gross operating margin -€26,391
down €26,391 (-24.5%), from €107,803 to €81,411
- Taxes +€2,113
up €2,113 (+5.9%), from €35,876 to €37,989
- Financial charges -€1,789
down €1,789 (-34.7%), from €5,152 to €3,363
- Staff costs +€1,528
up €1,528 (+5.7%), from €26,826 to €28,354
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 | €1,330,578 | €1,387,692 | +€57,113 | +4.3% |
| Fixed assets | 21/28 | €1,061,713 | €1,162,239 | +€100,526 | +9.5% |
| Tangible fixed assets | 22/27 | €150,248 | €250,774 | +€100,526 | +66.9% |
| Furniture and vehicles | 24 | €5,982 | €3,388 | -€2,594 | -43.4% |
| Assets under construction and advance payments | 27 | €144,266 | €247,387 | +€103,120 | +71.5% |
| Financial fixed assets | 28 | €911,465 | €911,465 | = | 0.0% |
| Current assets | 29/58 | €268,865 | €225,452 | -€43,413 | -16.1% |
| Amounts receivable within one year | 40/41 | €163,284 | €152,043 | -€11,241 | -6.9% |
| Trade receivables | 40 | €11,334 | €42,043 | +€30,709 | +271% |
| Other amounts receivable | 41 | €151,950 | €110,000 | -€41,950 | -27.6% |
| Cash at bank and in hand | 54/58 | €102,335 | €66,919 | -€35,416 | -34.6% |
| Deferred charges and accrued income | 490/1 | €3,246 | €6,490 | +€3,244 | +100.0% |
| Total equity and liabilities | 10/49 | €1,330,578 | €1,387,692 | +€57,113 | +4.3% |
| Equity | 10/15 | €608,043 | €844,459 | +€236,417 | +38.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Contributions outside capital | 11 | €14,260 | €14,260 | = | 0.0% |
| Other | 1109/19 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €589,545 | €816,545 | +€227,000 | +38.5% |
| Distributable reserves | 133 | €589,545 | €816,545 | +€227,000 | +38.5% |
| Profit (loss) carried forward | 14 | €4,237 | €13,654 | +€9,417 | +222% |
| Amounts payable | 17/49 | €722,535 | €543,232 | -€179,303 | -24.8% |
| Amounts payable within one year | 42/48 | €722,535 | €543,232 | -€179,303 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €91,111 | €90,000 | -€1,111 | -1.2% |
| Financial debts | 43 | €3,160 | - | -€3,160 | |
| Credit institutions | 430/8 | €3,160 | - | -€3,160 | |
| Trade debts | 44 | €5,427 | €24,826 | +€19,399 | +357% |
| Suppliers | 440/4 | €5,427 | €24,826 | +€19,399 | +357% |
| Taxes, remuneration and social security | 45 | €33,257 | €42,350 | +€9,093 | +27.3% |
| Taxes | 450/3 | €29,303 | €37,616 | +€8,313 | +28.4% |
| Remuneration and social security | 454/9 | €3,953 | €4,733 | +€780 | +19.7% |
| Other amounts payable | 47/48 | €589,581 | €386,056 | -€203,524 | -34.5% |
| Remuneration, social security and pensions | 62 | €26,826 | €28,354 | +€1,528 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,472 | €5,036 | +€564 | +12.6% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €107,803 | €81,411 | -€26,391 | -24.5% |
| Operating profit (loss) | 9901 | €75,544 | €47,054 | -€28,490 | -37.7% |
| Financial income | 75/76B | €357,950 | €430,715 | +€72,765 | +20.3% |
| Recurring financial income | 75 | €357,950 | €430,715 | +€72,765 | +20.3% |
| Financial charges | 65/66B | €5,152 | €3,363 | -€1,789 | -34.7% |
| Recurring financial charges | 65 | €5,152 | €3,363 | -€1,789 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €428,342 | €474,406 | +€46,063 | +10.8% |
| Income taxes | 67/77 | €35,876 | €37,989 | +€2,113 | +5.9% |
| Profit (loss) for the period | 9904 | €392,467 | €436,417 | +€43,950 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €392,467 | €436,417 | +€43,950 | +11.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.