CJAD: 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.
CJAD
Largest movements
- Tangible fixed assets -€7,343
down €7,343 (-2.5%), from €298,515 to €291,172
of which Land and buildings: -€7,469
- Profit (loss) carried forward -€7,550
down €7,550 (-2.1%), from -€362,251 to -€369,801
- Gross operating margin -€6,799
down €6,799 (-58.1%), from €11,697 to €4,898
- Depreciation +€347
up €347 (+3.7%), from €9,446 to €9,793
- Other operating charges -€298
down €298 (-11.7%), from €2,541 to €2,243
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,590 | €303,921 | -€7,669 | -2.5% |
| Fixed assets | 21/28 | €298,706 | €291,363 | -€7,343 | -2.5% |
| Tangible fixed assets | 22/27 | €298,515 | €291,172 | -€7,343 | -2.5% |
| Land and buildings | 22 | €283,639 | €276,170 | -€7,469 | -2.6% |
| Plant, machinery and equipment | 23 | €14,876 | €15,002 | +€126 | +0.8% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €12,884 | €12,558 | -€326 | -2.5% |
| Amounts receivable within one year | 40/41 | €10,242 | €9,916 | -€326 | -3.2% |
| Other amounts receivable | 41 | €10,242 | €9,916 | -€326 | -3.2% |
| Current investments | 50/53 | €2,642 | €2,642 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,590 | €303,921 | -€7,669 | -2.5% |
| Equity | 10/15 | €136,467 | €128,917 | -€7,550 | -5.5% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €405,000 | €405,000 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,251 | -€369,801 | -€7,550 | -2.1% |
| Amounts payable | 17/49 | €175,123 | €175,004 | -€119 | -0.1% |
| Amounts payable after more than one year | 17 | €127,100 | €127,100 | = | 0.0% |
| Other amounts payable | 178/9 | €127,100 | €127,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,023 | €47,904 | -€119 | -0.2% |
| Financial debts | 43 | €531 | €3,367 | +€2,836 | +534.1% |
| Other loans | 439 | €531 | €3,367 | +€2,836 | +534.1% |
| Other amounts payable | 47/48 | €47,492 | €44,537 | -€2,955 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,446 | €9,793 | +€347 | +3.7% |
| Other operating charges | 640/8 | €2,541 | €2,243 | -€298 | -11.7% |
| Gross operating margin | 9900 | €11,697 | €4,898 | -€6,799 | -58.1% |
| Operating profit (loss) | 9901 | -€290 | -€7,138 | -€6,848 | -2361.4% |
| Financial charges | 65/66B | €326 | €412 | +€86 | +26.4% |
| Recurring financial charges | 65 | €326 | €412 | +€86 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€616 | -€7,550 | -€6,934 | -1125.6% |
| Profit (loss) for the period | 9904 | -€616 | -€7,550 | -€6,934 | -1125.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | -€7,550 | -€6,934 | -1125.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.