CJAIC: 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.
CJAIC
Largest movements
- Current investments -€126,754
down €126,754 (-32.0%), from €396,229 to €269,475
- Cash +€102,157
up €102,157 (+93.2%), from €109,639 to €211,796
mainly Current investments (+€126,754) and Net result for the year (+€81,488)
- Receivables within one year -€69,258
down €69,258 (-77.6%), from €89,248 to €19,990
of which Trade receivables: -€71,012
- Tangible fixed assets -€18,580
down €18,580 (-33.0%), from €56,260 to €37,680
of which Furniture and vehicles: -€18,095
- Trade debts -€87,570
down €87,570 (-89.2%), from €98,130 to €10,560
- Debts after one year -€37,556
down €37,556 (-14.6%), from €257,270 to €219,713
- Current portion of long-term debt +€18,655
up €18,655 (+465%), from €4,012 to €22,668
- Tax, wage and social debts -€12,449
down €12,449 (-36.4%), from €34,227 to €21,778
- Gross operating margin +€42,640
up €42,640 (+46.0%), from €92,635 to €135,275
- Taxes +€8,021
up €8,021 (+35.5%), from €22,610 to €30,631
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 | €922,820 | €807,091 | -€115,729 | -12.5% |
| Fixed assets | 21/28 | €324,253 | €305,673 | -€18,580 | -5.7% |
| Tangible fixed assets | 22/27 | €56,260 | €37,680 | -€18,580 | -33.0% |
| Plant, machinery and equipment | 23 | €1,134 | €649 | -€485 | -42.8% |
| Furniture and vehicles | 24 | €55,126 | €37,031 | -€18,095 | -32.8% |
| Financial fixed assets | 28 | €267,993 | €267,993 | = | 0.0% |
| Current assets | 29/58 | €598,567 | €501,418 | -€97,149 | -16.2% |
| Amounts receivable within one year | 40/41 | €89,248 | €19,990 | -€69,258 | -77.6% |
| Trade receivables | 40 | €79,606 | €8,594 | -€71,012 | -89.2% |
| Other amounts receivable | 41 | €9,642 | €11,396 | +€1,754 | +18.2% |
| Current investments | 50/53 | €396,229 | €269,475 | -€126,754 | -32.0% |
| Cash at bank and in hand | 54/58 | €109,639 | €211,796 | +€102,157 | +93.2% |
| Deferred charges and accrued income | 490/1 | €3,451 | €157 | -€3,294 | -95.4% |
| Total equity and liabilities | 10/49 | €922,820 | €807,091 | -€115,729 | -12.5% |
| Equity | 10/15 | €443,734 | €439,613 | -€4,121 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425,134 | €421,013 | -€4,121 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €423,274 | €419,153 | -€4,121 | -1.0% |
| Amounts payable | 17/49 | €479,085 | €367,478 | -€111,608 | -23.3% |
| Amounts payable after more than one year | 17 | €257,270 | €219,713 | -€37,556 | -14.6% |
| Financial debts | 170/4 | €257,270 | €219,713 | -€37,556 | -14.6% |
| Amounts payable within one year | 42/48 | €170,849 | €92,943 | -€77,906 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €4,012 | €22,668 | +€18,655 | +465% |
| Trade debts | 44 | €98,130 | €10,560 | -€87,570 | -89.2% |
| Suppliers | 440/4 | €98,130 | €10,560 | -€87,570 | -89.2% |
| Taxes, remuneration and social security | 45 | €34,227 | €21,778 | -€12,449 | -36.4% |
| Taxes | 450/3 | €34,227 | €21,778 | -€12,449 | -36.4% |
| Other amounts payable | 47/48 | €34,479 | €37,937 | +€3,458 | +10.0% |
| Accrued charges and deferred income | 492/3 | €50,967 | €54,822 | +€3,855 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,451 | €18,580 | +€130 | +0.7% |
| Other operating charges | 640/8 | €932 | €271 | -€661 | -70.9% |
| Gross operating margin | 9900 | €92,635 | €135,275 | +€42,640 | +46.0% |
| Operating profit (loss) | 9901 | €73,253 | €116,423 | +€43,171 | +58.9% |
| Financial income | 75/76B | €5,925 | €4,900 | -€1,025 | -17.3% |
| Recurring financial income | 75 | €5,925 | €4,900 | -€1,025 | -17.3% |
| Financial charges | 65/66B | €7,904 | €9,204 | +€1,300 | +16.4% |
| Recurring financial charges | 65 | €7,904 | €9,204 | +€1,300 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €71,273 | €112,119 | +€40,846 | +57.3% |
| Income taxes | 67/77 | €22,610 | €30,631 | +€8,021 | +35.5% |
| Profit (loss) for the period | 9904 | €48,663 | €81,488 | +€32,825 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,663 | €81,488 | +€32,825 | +67.5% |
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 1 November 2026 via checked.be.