COJAC T&B: 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.
COJAC T&B
Largest movements
- Receivables within one year -€16,145
down €16,145 (-97.5%), from €16,563 to €417
of which Other amounts receivable: -€15,986
- Cash +€4,686
up €4,686 (+24.3%), from €19,265 to €23,951
mainly Receivables within one year (+€16,145) and Net result for the year (+€9,822)
- Tangible fixed assets -€3,859
down €3,859 (-6.1%), from €63,757 to €59,898
- Reserves +€41,750
up €41,750 (+381%), from €10,948 to €52,698
of which Distributable reserves: +€41,750
- Profit (loss) carried forward -€31,928
down €31,928 (-100%), from €31,928 to €0
- Other debts -€20,004
down €20,004 (-43.5%), from €45,959 to €25,956
- Current portion of long-term debt -€4,052
down €4,052 (-100%), from €4,052 to €0
- Depreciation -€1,571
down €1,571 (-28.9%), from €5,430 to €3,859
- Financial income -€965
down €965 (-99.7%), from €968 to €3
- Gross operating margin -€227
down €227 (-1.1%), from €20,332 to €20,106
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 | €100,056 | €84,853 | -€15,202 | -15.2% |
| Fixed assets | 21/28 | €63,757 | €59,898 | -€3,859 | -6.1% |
| Tangible fixed assets | 22/27 | €63,757 | €59,898 | -€3,859 | -6.1% |
| Land and buildings | 22 | €63,757 | €59,898 | -€3,859 | -6.1% |
| Current assets | 29/58 | €36,298 | €24,955 | -€11,343 | -31.3% |
| Amounts receivable within one year | 40/41 | €16,563 | €417 | -€16,145 | -97.5% |
| Trade receivables | 40 | €159 | €0 | -€159 | -100% |
| Other amounts receivable | 41 | €16,404 | €417 | -€15,986 | -97.5% |
| Cash at bank and in hand | 54/58 | €19,265 | €23,951 | +€4,686 | +24.3% |
| Deferred charges and accrued income | 490/1 | €470 | €586 | +€116 | +24.7% |
| Total equity and liabilities | 10/49 | €100,056 | €84,853 | -€15,202 | -15.2% |
| Equity | 10/15 | €49,076 | €58,898 | +€9,822 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,948 | €52,698 | +€41,750 | +381% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,948 | €52,698 | +€41,750 | +381% |
| Profit (loss) carried forward | 14 | €31,928 | €0 | -€31,928 | -100% |
| Amounts payable | 17/49 | €50,980 | €25,956 | -€25,024 | -49.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,980 | €25,956 | -€25,024 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €4,052 | €0 | -€4,052 | -100% |
| Taxes, remuneration and social security | 45 | €969 | €0 | -€969 | -100.0% |
| Taxes | 450/3 | €969 | €0 | -€969 | -100.0% |
| Other amounts payable | 47/48 | €45,959 | €25,956 | -€20,004 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,430 | €3,859 | -€1,571 | -28.9% |
| Other operating charges | 640/8 | €1,658 | €1,711 | +€52 | +3.2% |
| Gross operating margin | 9900 | €20,332 | €20,106 | -€227 | -1.1% |
| Operating profit (loss) | 9901 | €13,244 | €14,536 | +€1,292 | +9.8% |
| Financial income | 75/76B | €968 | €3 | -€965 | -99.7% |
| Recurring financial income | 75 | €968 | €3 | -€965 | -99.7% |
| Financial charges | 65/66B | €164 | €134 | -€31 | -18.7% |
| Recurring financial charges | 65 | €164 | €134 | -€31 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €14,047 | €14,405 | +€358 | +2.5% |
| Income taxes | 67/77 | €4,470 | €4,583 | +€114 | +2.5% |
| Profit (loss) for the period | 9904 | €9,578 | €9,822 | +€244 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,578 | €9,822 | +€244 | +2.5% |
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 23 October 2026 via checked.be.