COJES: what changed
Two fiscal 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.
COJES
Largest movements
- Stocks and contracts +€6,550
up €6,550 (+189.2%), from €3,461 to €10,010
- Cash -€5,361
down €5,361 (-5.0%), from €107,710 to €102,349
mainly Contributions, distributions and other (-€120,000) and Trade debts (-€8,632)
- Trade debts -€8,632
down €8,632 (-72.4%), from €11,920 to €3,288
- Other debts +€4,850
up €4,850 (+5.0%), from €97,000 to €101,850
- Tax, wage and social debts +€4,152
up €4,152 (+30.3%), from €13,701 to €17,854
- Gross operating margin +€36,609
up €36,609 (+28.5%), from €128,282 to €164,891
- Taxes +€8,801
up €8,801 (+27.5%), from €31,980 to €40,781
- Depreciation +€1,853
up €1,853 (+110.4%), from €1,679 to €3,533
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 | €145,194 | €146,062 | +€868 | +0.6% |
| Fixed assets | 21/28 | €16,804 | €15,841 | -€963 | -5.7% |
| Tangible fixed assets | 22/27 | €16,804 | €15,841 | -€963 | -5.7% |
| Plant, machinery and equipment | 23 | €15,257 | €13,233 | -€2,024 | -13.3% |
| Furniture and vehicles | 24 | €1,547 | €2,608 | +€1,061 | +68.6% |
| Current assets | 29/58 | €128,390 | €130,221 | +€1,831 | +1.4% |
| Stocks and contracts in progress | 3 | €3,461 | €10,010 | +€6,550 | +189.2% |
| Stocks | 30/36 | €3,461 | €10,010 | +€6,550 | +189.2% |
| Amounts receivable within one year | 40/41 | €15,024 | €15,780 | +€755 | +5.0% |
| Trade receivables | 40 | €14,658 | €11,865 | -€2,793 | -19.1% |
| Other amounts receivable | 41 | €366 | €3,915 | +€3,548 | +968.4% |
| Cash at bank and in hand | 54/58 | €107,710 | €102,349 | -€5,361 | -5.0% |
| Deferred charges and accrued income | 490/1 | €2,194 | €2,082 | -€112 | -5.1% |
| Total equity and liabilities | 10/49 | €145,194 | €146,062 | +€868 | +0.6% |
| Equity | 10/15 | €22,132 | €22,191 | +€59 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,672 | €1,731 | +€59 | +3.5% |
| Amounts payable | 17/49 | €123,062 | €123,872 | +€810 | +0.7% |
| Amounts payable within one year | 42/48 | €122,622 | €122,992 | +€370 | +0.3% |
| Trade debts | 44 | €11,920 | €3,288 | -€8,632 | -72.4% |
| Suppliers | 440/4 | €11,920 | €3,288 | -€8,632 | -72.4% |
| Taxes, remuneration and social security | 45 | €13,701 | €17,854 | +€4,152 | +30.3% |
| Taxes | 450/3 | €13,701 | €17,854 | +€4,152 | +30.3% |
| Other amounts payable | 47/48 | €97,000 | €101,850 | +€4,850 | +5.0% |
| Accrued charges and deferred income | 492/3 | €440 | €880 | +€440 | +99.8% |
| Non-recurring operating income | 76A | €1,118 | - | -€1,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | €3,533 | +€1,853 | +110.4% |
| Other operating charges | 640/8 | €1,303 | €541 | -€762 | -58.5% |
| Gross operating margin | 9900 | €128,282 | €164,891 | +€36,609 | +28.5% |
| Operating profit (loss) | 9901 | €125,300 | €160,818 | +€35,518 | +28.3% |
| Financial income | 75/76B | €50 | €320 | +€270 | +540.3% |
| Recurring financial income | 75 | €50 | €320 | +€270 | +540.3% |
| Financial charges | 65/66B | €186 | €297 | +€111 | +59.6% |
| Recurring financial charges | 65 | €186 | €297 | +€111 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €125,164 | €160,840 | +€35,676 | +28.5% |
| Income taxes | 67/77 | €31,980 | €40,781 | +€8,801 | +27.5% |
| Profit (loss) for the period | 9904 | €93,183 | €120,059 | +€26,875 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,183 | €120,059 | +€26,875 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.