CJEM: 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.
CJEM
Largest movements
- Stocks and contracts -€529,180
down €529,180 (-97.7%), from €541,714 to €12,534
- Cash +€135,967
up €135,967 (+257.8%), from €52,749 to €188,715
mainly Stocks and contracts (+€529,180) and Net result for the year (+€345,997)
- Tangible fixed assets +€92,221
new in 2025: €92,221
of which Other tangible fixed assets: +€74,899
- Receivables within one year +€11,215
up €11,215 (+4691.2%), from €239 to €11,454
- Other debts -€460,000
down €460,000 (-82.1%), from €560,000 to €100,000
- Tax, wage and social debts +€123,393
new in 2025: €123,393
of which Taxes: +€119,083
- Debts after one year +€44,400
new in 2025: €44,400
- Profit (loss) carried forward +€5,997
up €5,997, from -€5,308 to €689
- Gross operating margin +€472,717
up €472,717, from -€497 to €472,220
- Taxes +€119,373
up €119,373, from €0 to €119,373
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
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 | €594,702 | €310,700 | -€284,002 | -47.8% |
| Fixed assets | 21/28 | - | €93,221 | +€93,221 | |
| Tangible fixed assets | 22/27 | - | €92,221 | +€92,221 | |
| Plant, machinery and equipment | 23 | - | €14,225 | +€14,225 | |
| Furniture and vehicles | 24 | - | €3,097 | +€3,097 | |
| Other tangible fixed assets | 26 | - | €74,899 | +€74,899 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €594,702 | €217,478 | -€377,223 | -63.4% |
| Stocks and contracts in progress | 3 | €541,714 | €12,534 | -€529,180 | -97.7% |
| Stocks | 30/36 | €541,714 | €12,534 | -€529,180 | -97.7% |
| Amounts receivable within one year | 40/41 | €239 | €11,454 | +€11,215 | +4691.2% |
| Other amounts receivable | 41 | €239 | €11,454 | +€11,215 | +4691.2% |
| Cash at bank and in hand | 54/58 | €52,749 | €188,715 | +€135,967 | +257.8% |
| Deferred charges and accrued income | 490/1 | - | €4,775 | +€4,775 | |
| Total equity and liabilities | 10/49 | €594,702 | €310,700 | -€284,002 | -47.8% |
| Equity | 10/15 | €34,692 | €40,689 | +€5,997 | +17.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,308 | €689 | +€5,997 | |
| Amounts payable | 17/49 | €560,009 | €270,011 | -€289,999 | -51.8% |
| Amounts payable after more than one year | 17 | - | €44,400 | +€44,400 | |
| Financial debts | 170/4 | - | €44,400 | +€44,400 | |
| Amounts payable within one year | 42/48 | €560,009 | €225,588 | -€334,421 | -59.7% |
| Trade debts | 44 | €9 | €2,195 | +€2,185 | +23125.1% |
| Suppliers | 440/4 | €9 | €2,195 | +€2,185 | +23125.1% |
| Taxes, remuneration and social security | 45 | - | €123,393 | +€123,393 | |
| Taxes | 450/3 | - | €119,083 | +€119,083 | |
| Remuneration and social security | 454/9 | - | €4,310 | +€4,310 | |
| Other amounts payable | 47/48 | €560,000 | €100,000 | -€460,000 | -82.1% |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Remuneration, social security and pensions | 62 | - | €4,607 | +€4,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,384 | +€1,384 | |
| Other operating charges | 640/8 | €387 | €594 | +€207 | +53.3% |
| Gross operating margin | 9900 | -€497 | €472,220 | +€472,717 | |
| Operating profit (loss) | 9901 | -€884 | €465,635 | +€466,519 | |
| Financial income | 75/76B | €797 | €1,709 | +€912 | +114.5% |
| Recurring financial income | 75 | €797 | €1,709 | +€912 | +114.5% |
| Financial charges | 65/66B | €135 | €1,975 | +€1,839 | +1358.0% |
| Recurring financial charges | 65 | €135 | €1,975 | +€1,839 | +1358.0% |
| Profit (loss) for the period before taxes | 9903 | -€223 | €465,370 | +€465,592 | |
| Income taxes | 67/77 | €0 | €119,373 | +€119,373 | |
| Profit (loss) for the period | 9904 | -€223 | €345,997 | +€346,219 | |
| Profit (loss) for the period to be appropriated | 9905 | -€223 | €345,997 | +€346,219 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.