CMJ Expertise: 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.
CMJ Expertise
Largest movements
- Cash +€109,378
new in 2025: €109,378
mainly Net result for the year (+€56,432) and Current investments (+€48,436)
- Current investments -€48,436
no longer reported in 2025 (was €48,436)
- Receivables within one year +€3,600
up €3,600 (+26.6%), from €13,552 to €17,152
of which Other amounts receivable: +€17,019
- Reserves +€56,432
new in 2025: €56,432
- Tax, wage and social debts +€11,856
up €11,856 (+73.6%), from €16,119 to €27,975
- Other debts -€5,013
no longer reported in 2025 (was €5,013)
- Trade debts +€1,266
up €1,266 (+188%), from €675 to €1,940
- Gross operating margin +€29,038
up €29,038 (+57.2%), from €50,768 to €79,805
- Taxes +€12,197
up €12,197 (+121%), from €10,088 to €22,285
- Financial charges -€1,540
down €1,540 (-81.8%), from €1,883 to €343
- Other operating charges -€869
down €869 (-53.8%), from €1,614 to €745
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 | €61,988 | €126,529 | +€64,541 | +104% |
| Current assets | 29/58 | €61,988 | €126,529 | +€64,541 | +104% |
| Amounts receivable within one year | 40/41 | €13,552 | €17,152 | +€3,600 | +26.6% |
| Trade receivables | 40 | €13,552 | €132 | -€13,420 | -99.0% |
| Other amounts receivable | 41 | - | €17,019 | +€17,019 | |
| Current investments | 50/53 | €48,436 | - | -€48,436 | |
| Cash at bank and in hand | 54/58 | - | €109,378 | +€109,378 | |
| Total equity and liabilities | 10/49 | €61,988 | €126,529 | +€64,541 | +104% |
| Equity | 10/15 | €40,182 | €96,613 | +€56,432 | +140% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €56,432 | +€56,432 | |
| Distributable reserves | 133 | - | €56,432 | +€56,432 | |
| Profit (loss) carried forward | 14 | €37,182 | €37,182 | = | 0.0% |
| Amounts payable | 17/49 | €21,806 | €29,916 | +€8,109 | +37.2% |
| Amounts payable within one year | 42/48 | €21,806 | €29,916 | +€8,109 | +37.2% |
| Trade debts | 44 | €675 | €1,940 | +€1,266 | +188% |
| Suppliers | 440/4 | €675 | €1,940 | +€1,266 | +188% |
| Taxes, remuneration and social security | 45 | €16,119 | €27,975 | +€11,856 | +73.6% |
| Taxes | 450/3 | €16,119 | €27,975 | +€11,856 | +73.6% |
| Other amounts payable | 47/48 | €5,013 | - | -€5,013 | |
| Other operating charges | 640/8 | €1,614 | €745 | -€869 | -53.8% |
| Gross operating margin | 9900 | €50,768 | €79,805 | +€29,038 | +57.2% |
| Operating profit (loss) | 9901 | €49,153 | €79,060 | +€29,907 | +60.8% |
| Financial charges | 65/66B | €1,883 | €343 | -€1,540 | -81.8% |
| Recurring financial charges | 65 | €1,883 | €343 | -€1,540 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €47,270 | €78,717 | +€31,447 | +66.5% |
| Income taxes | 67/77 | €10,088 | €22,285 | +€12,197 | +121% |
| Profit (loss) for the period | 9904 | €37,182 | €56,432 | +€19,250 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,182 | €56,432 | +€19,250 | +51.8% |
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 29 October 2026 via checked.be.