CJVM GESTION: 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.
CJVM GESTION
Largest movements
- Current investments +€2.5m
up €2.5m (+104%), from €2.4m to €4.9m
- Cash -€395,314
down €395,314 (-10.9%), from €3.6m to €3.2m
mainly Current investments (-€2.5m) and Tax, wage and social debts (-€363,586)
- Receivables within one year +€122,252
up €122,252 (+10,440%), from €1,171 to €123,423
of which Trade receivables: +€123,187
- Reserves +€2.2m
new in 2025: €2.2m
- Tax, wage and social debts -€363,586
down €363,586 (-31.5%), from €1.2m to €791,663
of which Taxes: -€364,848
- Trade debts +€325,883
up €325,883 (+27,022%), from €1,206 to €327,089
- Gross operating margin -€549,179
down €549,179 (-15.4%), from €3.6m to €3.0m
- Taxes +€92,689
up €92,689 (+13.3%), from €698,091 to €790,780
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 | €6,095,485 | €8,295,375 | +€2.2m | +36.1% |
| Fixed assets | 21/28 | €71,124 | €44,358 | -€26,766 | -37.6% |
| Tangible fixed assets | 22/27 | €71,124 | €44,358 | -€26,766 | -37.6% |
| Furniture and vehicles | 24 | €70,171 | €43,835 | -€26,336 | -37.5% |
| Other tangible fixed assets | 26 | €953 | €523 | -€430 | -45.1% |
| Current assets | 29/58 | €6,024,361 | €8,251,017 | +€2.2m | +37.0% |
| Amounts receivable within one year | 40/41 | €1,171 | €123,423 | +€122,252 | +10,440% |
| Trade receivables | 40 | - | €123,187 | +€123,187 | |
| Other amounts receivable | 41 | €1,171 | €236 | -€935 | -79.8% |
| Current investments | 50/53 | €2,400,000 | €4,900,000 | +€2.5m | +104% |
| Cash at bank and in hand | 54/58 | €3,622,810 | €3,227,496 | -€395,314 | -10.9% |
| Deferred charges and accrued income | 490/1 | €380 | €98 | -€282 | -74.2% |
| Total equity and liabilities | 10/49 | €6,095,485 | €8,295,375 | +€2.2m | +36.1% |
| Equity | 10/15 | €4,892,529 | €7,122,546 | +€2.2m | +45.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €2,220,000 | +€2.2m | |
| Distributable reserves | 133 | - | €2,220,000 | +€2.2m | |
| Profit (loss) carried forward | 14 | €4,882,529 | €4,892,546 | +€10,017 | +0.2% |
| Amounts payable | 17/49 | €1,202,956 | €1,172,829 | -€30,127 | -2.5% |
| Amounts payable within one year | 42/48 | €1,202,956 | €1,172,829 | -€30,127 | -2.5% |
| Trade debts | 44 | €1,206 | €327,089 | +€325,883 | +27,022% |
| Suppliers | 440/4 | €1,206 | €327,089 | +€325,883 | +27,022% |
| Taxes, remuneration and social security | 45 | €1,155,249 | €791,663 | -€363,586 | -31.5% |
| Taxes | 450/3 | €1,155,249 | €790,401 | -€364,848 | -31.6% |
| Remuneration and social security | 454/9 | - | €1,262 | +€1,262 | |
| Other amounts payable | 47/48 | €46,501 | €54,078 | +€7,577 | +16.3% |
| Remuneration, social security and pensions | 62 | €1,600 | €8,419 | +€6,819 | +426% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,736 | €32,368 | +€632 | +2.0% |
| Other operating charges | 640/8 | €2,633 | €2,590 | -€43 | -1.6% |
| Gross operating margin | 9900 | €3,576,175 | €3,026,996 | -€549,179 | -15.4% |
| Operating profit (loss) | 9901 | €3,540,206 | €2,983,619 | -€556,587 | -15.7% |
| Financial income | 75/76B | €51,775 | €50,232 | -€1,543 | -3.0% |
| Recurring financial income | 75 | €51,775 | €50,232 | -€1,543 | -3.0% |
| Financial charges | 65/66B | €945 | €13,055 | +€12,110 | +1,281% |
| Recurring financial charges | 65 | €945 | €13,055 | +€12,110 | +1,281% |
| Profit (loss) for the period before taxes | 9903 | €3,591,036 | €3,020,796 | -€570,240 | -15.9% |
| Income taxes | 67/77 | €698,091 | €790,780 | +€92,689 | +13.3% |
| Profit (loss) for the period | 9904 | €2,892,945 | €2,230,017 | -€662,928 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,892,945 | €2,230,017 | -€662,928 | -22.9% |
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 20 October 2026 via checked.be.