CJH: 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.
CJH
Largest movements
- Cash -€112,490
down €112,490 (-44.9%), from €250,639 to €138,148
mainly Trade debts (-€69,559) and Debts after one year (-€30,405)
- Stocks and contracts +€18,225
up €18,225 (+3.6%), from €501,237 to €519,463
- Receivables within one year -€13,313
down €13,313 (-46.3%), from €28,767 to €15,453
of which Trade receivables: -€20,095
- Trade debts -€69,559
down €69,559 (-28.6%), from €243,106 to €173,547
- Reserves +€40,118
up €40,118 (+19.0%), from €211,023 to €251,141
- Debts after one year -€30,405
down €30,405 (-5.8%), from €527,654 to €497,249
- Tax, wage and social debts -€27,281
down €27,281 (-65.0%), from €41,950 to €14,669
of which Taxes: -€27,281
- Other debts -€19,201
down €19,201 (-37.9%), from €50,715 to €31,515
- Gross operating margin -€78,103
down €78,103 (-44.7%), from €174,800 to €96,697
- Staff costs -€21,137
down €21,137 (-99.9%), from €21,164 to €27
- Other operating charges -€13,376
down €13,376 (-81.7%), from €16,370 to €2,994
- Taxes -€11,765
down €11,765 (-38.5%), from €30,537 to €18,771
- Financial charges -€7,727
down €7,727 (-27.6%), from €27,961 to €20,234
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 | €1,127,423 | €1,020,650 | -€106,773 | -9.5% |
| Fixed assets | 21/28 | €327,241 | €326,053 | -€1,188 | -0.4% |
| Tangible fixed assets | 22/27 | €326,326 | €324,888 | -€1,438 | -0.4% |
| Land and buildings | 22 | €319,569 | €319,090 | -€479 | -0.1% |
| Plant, machinery and equipment | 23 | €2,093 | €1,877 | -€217 | -10.3% |
| Furniture and vehicles | 24 | €4,664 | €3,922 | -€742 | -15.9% |
| Financial fixed assets | 28 | €915 | €1,165 | +€250 | +27.3% |
| Current assets | 29/58 | €800,182 | €694,597 | -€105,585 | -13.2% |
| Stocks and contracts in progress | 3 | €501,237 | €519,463 | +€18,225 | +3.6% |
| Stocks | 30/36 | €501,237 | €519,463 | +€18,225 | +3.6% |
| Amounts receivable within one year | 40/41 | €28,767 | €15,453 | -€13,313 | -46.3% |
| Trade receivables | 40 | €25,549 | €5,453 | -€20,095 | -78.7% |
| Other amounts receivable | 41 | €3,218 | €10,000 | +€6,782 | +210.8% |
| Cash at bank and in hand | 54/58 | €250,639 | €138,148 | -€112,490 | -44.9% |
| Deferred charges and accrued income | 490/1 | €19,539 | €21,533 | +€1,994 | +10.2% |
| Total equity and liabilities | 10/49 | €1,127,423 | €1,020,650 | -€106,773 | -9.5% |
| Equity | 10/15 | €229,615 | €269,733 | +€40,118 | +17.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €211,023 | €251,141 | +€40,118 | +19.0% |
| Distributable reserves | 133 | €211,023 | €251,141 | +€40,118 | +19.0% |
| Amounts payable | 17/49 | €897,808 | €750,917 | -€146,890 | -16.4% |
| Amounts payable after more than one year | 17 | €527,654 | €497,249 | -€30,405 | -5.8% |
| Financial debts | 170/4 | €527,654 | €497,249 | -€30,405 | -5.8% |
| Amounts payable within one year | 42/48 | €365,968 | €250,136 | -€115,832 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €30,197 | €30,405 | +€208 | +0.7% |
| Trade debts | 44 | €243,106 | €173,547 | -€69,559 | -28.6% |
| Suppliers | 440/4 | €243,106 | €173,547 | -€69,559 | -28.6% |
| Taxes, remuneration and social security | 45 | €41,950 | €14,669 | -€27,281 | -65.0% |
| Taxes | 450/3 | €41,950 | €14,669 | -€27,281 | -65.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,715 | €31,515 | -€19,201 | -37.9% |
| Accrued charges and deferred income | 492/3 | €4,186 | €3,533 | -€653 | -15.6% |
| Remuneration, social security and pensions | 62 | €21,164 | €27 | -€21,137 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,437 | €13,347 | +€910 | +7.3% |
| Other operating charges | 640/8 | €16,370 | €2,994 | -€13,376 | -81.7% |
| Non-recurring operating charges | 66A | €737 | €1,206 | +€469 | +63.6% |
| Gross operating margin | 9900 | €174,800 | €96,697 | -€78,103 | -44.7% |
| Operating profit (loss) | 9901 | €124,091 | €79,123 | -€44,968 | -36.2% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €27,961 | €20,234 | -€7,727 | -27.6% |
| Recurring financial charges | 65 | €27,961 | €20,234 | -€7,727 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €96,167 | €58,889 | -€37,278 | -38.8% |
| Income taxes | 67/77 | €30,537 | €18,771 | -€11,765 | -38.5% |
| Profit (loss) for the period | 9904 | €65,631 | €40,118 | -€25,513 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,631 | €40,118 | -€25,513 | -38.9% |
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 7 October 2026 via checked.be.