CJMA: 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.
CJMA
Largest movements
- Financial fixed assets +€101,625
new in 2025: €101,625
- Cash +€52,233
up €52,233 (+61.3%), from €85,191 to €137,425
mainly Net result for the year (+€120,930) and Tax, wage and social debts (+€26,923)
- Receivables within one year -€2,661
down €2,661 (-38.9%), from €6,843 to €4,182
of which Other amounts receivable: -€2,661
- Reserves +€63,150
new in 2025: €63,150
- Profit (loss) carried forward +€57,780
up €57,780 (+69.2%), from €83,555 to €141,335
- Tax, wage and social debts +€26,923
up €26,923 (+189.5%), from €14,211 to €41,134
- Gross operating margin +€121,243
up €121,243 (+262.6%), from €46,178 to €167,421
- Taxes +€33,256
up €33,256 (+377.1%), from €8,818 to €42,074
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 | €103,192 | €252,219 | +€149,027 | +144.4% |
| Fixed assets | 21/28 | €10,637 | €110,216 | +€99,579 | +936.2% |
| Tangible fixed assets | 22/27 | €10,637 | €8,591 | -€2,046 | -19.2% |
| Furniture and vehicles | 24 | €2,690 | €1,753 | -€937 | -34.8% |
| Other tangible fixed assets | 26 | €7,947 | €6,838 | -€1,110 | -14.0% |
| Financial fixed assets | 28 | - | €101,625 | +€101,625 | |
| Current assets | 29/58 | €92,555 | €142,004 | +€49,448 | +53.4% |
| Amounts receivable within one year | 40/41 | €6,843 | €4,182 | -€2,661 | -38.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,843 | €4,182 | -€2,661 | -38.9% |
| Cash at bank and in hand | 54/58 | €85,191 | €137,425 | +€52,233 | +61.3% |
| Deferred charges and accrued income | 490/1 | €522 | €397 | -€125 | -23.9% |
| Total equity and liabilities | 10/49 | €103,192 | €252,219 | +€149,027 | +144.4% |
| Equity | 10/15 | €88,555 | €209,485 | +€120,930 | +136.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €63,150 | +€63,150 | |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Profit (loss) carried forward | 14 | €83,555 | €141,335 | +€57,780 | +69.2% |
| Amounts payable | 17/49 | €14,637 | €42,734 | +€28,097 | +192.0% |
| Amounts payable within one year | 42/48 | €14,637 | €42,734 | +€28,097 | +192.0% |
| Trade debts | 44 | €368 | €1,366 | +€998 | +271.3% |
| Suppliers | 440/4 | €368 | €1,366 | +€998 | +271.3% |
| Taxes, remuneration and social security | 45 | €14,211 | €41,134 | +€26,923 | +189.5% |
| Taxes | 450/3 | €14,211 | €41,134 | +€26,923 | +189.5% |
| Other amounts payable | 47/48 | €58 | €234 | +€176 | +302.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,963 | €2,046 | +€84 | +4.3% |
| Other operating charges | 640/8 | €55 | €480 | +€425 | +772.2% |
| Gross operating margin | 9900 | €46,178 | €167,421 | +€121,243 | +262.6% |
| Operating profit (loss) | 9901 | €44,161 | €164,895 | +€120,734 | +273.4% |
| Financial income | 75/76B | €0 | €297 | +€297 | +370700.0% |
| Recurring financial income | 75 | €0 | €297 | +€297 | +370700.0% |
| Financial charges | 65/66B | €2,144 | €2,188 | +€44 | +2.1% |
| Recurring financial charges | 65 | €2,144 | €2,188 | +€44 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €42,017 | €163,004 | +€120,987 | +287.9% |
| Income taxes | 67/77 | €8,818 | €42,074 | +€33,256 | +377.1% |
| Profit (loss) for the period | 9904 | €33,199 | €120,930 | +€87,731 | +264.3% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,199 | €57,780 | +€24,581 | +74.0% |
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 10 October 2026 via checked.be.