CJWM: 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.
CJWM
Largest movements
- Current investments +€450,000
new in 2025: €450,000
- Receivables within one year +€60,913
up €60,913 (+339%), from €17,951 to €78,863
of which Trade receivables: +€65,548
- Reserves +€603,628
up €603,628 (+430%), from €140,257 to €743,885
of which Distributable reserves: +€519,428
- Debts after one year -€549,682
down €549,682 (-16.2%), from €3.4m to €2.9m
- Current portion of long-term debt +€451,936
up €451,936 (+462%), from €97,746 to €549,682
- Other debts +€47,867
up €47,867 (+676%), from €7,084 to €54,951
- Financial income +€500,000
up €500,000 (+1,666,666,567%), from €0 to €500,000
- Financial charges +€143,420
up €143,420 (+1,608%), from €8,920 to €152,340
- Gross operating margin +€96,168
up €96,168 (+50.4%), from €190,844 to €287,012
- Taxes -€11,024
down €11,024 (-26.5%), from €41,667 to €30,643
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 | €3,701,688 | €4,223,416 | +€521,728 | +14.1% |
| Fixed assets | 21/28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Current assets | 29/58 | €101,688 | €623,416 | +€521,728 | +513% |
| Amounts receivable within one year | 40/41 | €17,951 | €78,863 | +€60,913 | +339% |
| Trade receivables | 40 | €13,310 | €78,858 | +€65,548 | +492% |
| Other amounts receivable | 41 | €4,641 | €5 | -€4,636 | -99.9% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €83,737 | €93,120 | +€9,383 | +11.2% |
| Deferred charges and accrued income | 490/1 | - | €1,433 | +€1,433 | |
| Total equity and liabilities | 10/49 | €3,701,688 | €4,223,416 | +€521,728 | +14.1% |
| Equity | 10/15 | €141,757 | €745,385 | +€603,628 | +426% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €140,257 | €743,885 | +€603,628 | +430% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €140,257 | €659,685 | +€519,428 | +370% |
| Amounts payable | 17/49 | €3,559,931 | €3,478,031 | -€81,899 | -2.3% |
| Amounts payable after more than one year | 17 | €3,402,254 | €2,852,572 | -€549,682 | -16.2% |
| Financial debts | 170/4 | €3,402,254 | €2,852,572 | -€549,682 | -16.2% |
| Amounts payable within one year | 42/48 | €150,777 | €621,493 | +€470,717 | +312% |
| Current portion of amounts payable after more than one year | 42 | €97,746 | €549,682 | +€451,936 | +462% |
| Trade debts | 44 | €78 | €2,371 | +€2,294 | +2,955% |
| Suppliers | 440/4 | €78 | €2,371 | +€2,294 | +2,955% |
| Taxes, remuneration and social security | 45 | €45,869 | €14,489 | -€31,380 | -68.4% |
| Taxes | 450/3 | €45,869 | €14,489 | -€31,380 | -68.4% |
| Other amounts payable | 47/48 | €7,084 | €54,951 | +€47,867 | +676% |
| Accrued charges and deferred income | 492/3 | €6,900 | €3,966 | -€2,934 | -42.5% |
| Other operating charges | 640/8 | - | €402 | +€402 | |
| Gross operating margin | 9900 | €190,844 | €287,012 | +€96,168 | +50.4% |
| Operating profit (loss) | 9901 | €190,844 | €286,610 | +€95,766 | +50.2% |
| Financial income | 75/76B | €0 | €500,000 | +€500,000 | +1,666,666,567% |
| Recurring financial income | 75 | €0 | €500,000 | +€500,000 | +1,666,666,567% |
| Financial charges | 65/66B | €8,920 | €152,340 | +€143,420 | +1,608% |
| Recurring financial charges | 65 | €8,920 | €152,340 | +€143,420 | +1,608% |
| Profit (loss) for the period before taxes | 9903 | €181,924 | €634,270 | +€452,346 | +249% |
| Income taxes | 67/77 | €41,667 | €30,643 | -€11,024 | -26.5% |
| Profit (loss) for the period | 9904 | €140,257 | €603,628 | +€463,371 | +330% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,257 | €519,428 | +€379,171 | +270% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.