COJO: 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.
COJO
Largest movements
- Cash +€247,350
up €247,350 (+1,866%), from €13,256 to €260,606
mainly Net result for the year (+€82,428) and Trade debts (+€62,823)
- Stocks and contracts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Deferred charges and accrued income -€48,871
down €48,871 (-63.3%), from €77,237 to €28,365
- Tangible fixed assets -€35,739
down €35,739 (-8.9%), from €402,792 to €367,053
of which Furniture and vehicles: -€22,320
- Receivables within one year -€26,480
down €26,480 (-49.6%), from €53,359 to €26,879
of which Trade receivables: -€13,276
- Reserves +€82,428
up €82,428 (+94.1%), from €87,615 to €170,043
of which Distributable reserves: +€82,428
- Trade debts +€62,823
up €62,823 (+258%), from €24,325 to €87,148
- Short-term financial debts -€50,000
down €50,000 (-35.7%), from €140,000 to €90,000
- Debts after one year -€19,284
down €19,284 (-7.9%), from €244,445 to €225,162
- Tax, wage and social debts +€15,039
up €15,039 (+85.0%), from €17,699 to €32,739
of which Taxes: +€15,039
- Gross operating margin +€119,925
up €119,925 (+195%), from €61,538 to €181,462
- Taxes +€31,541
up €31,541 (+2,425%), from €1,301 to €32,841
- Other operating charges +€8,494
up €8,494 (+191%), from €4,457 to €12,952
- Financial charges +€3,994
up €3,994 (+27.2%), from €14,679 to €18,673
- Depreciation +€3,336
up €3,336 (+10.3%), from €32,403 to €35,739
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 | €606,644 | €682,904 | +€76,259 | +12.6% |
| Fixed assets | 21/28 | €402,792 | €367,053 | -€35,739 | -8.9% |
| Tangible fixed assets | 22/27 | €402,792 | €367,053 | -€35,739 | -8.9% |
| Land and buildings | 22 | €342,421 | €331,225 | -€11,195 | -3.3% |
| Plant, machinery and equipment | 23 | €2,621 | €398 | -€2,224 | -84.8% |
| Furniture and vehicles | 24 | €57,750 | €35,430 | -€22,320 | -38.6% |
| Current assets | 29/58 | €203,853 | €315,850 | +€111,998 | +54.9% |
| Stocks and contracts in progress | 3 | €60,000 | €0 | -€60,000 | -100% |
| Contracts in progress | 37 | €60,000 | €0 | -€60,000 | -100% |
| Amounts receivable within one year | 40/41 | €53,359 | €26,879 | -€26,480 | -49.6% |
| Trade receivables | 40 | €28,773 | €15,497 | -€13,276 | -46.1% |
| Other amounts receivable | 41 | €24,586 | €11,382 | -€13,205 | -53.7% |
| Cash at bank and in hand | 54/58 | €13,256 | €260,606 | +€247,350 | +1,866% |
| Deferred charges and accrued income | 490/1 | €77,237 | €28,365 | -€48,871 | -63.3% |
| Total equity and liabilities | 10/49 | €606,644 | €682,904 | +€76,259 | +12.6% |
| Equity | 10/15 | €106,215 | €188,643 | +€82,428 | +77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,615 | €170,043 | +€82,428 | +94.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,755 | €168,183 | +€82,428 | +96.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €500,429 | €494,261 | -€6,168 | -1.2% |
| Amounts payable after more than one year | 17 | €244,445 | €225,162 | -€19,284 | -7.9% |
| Financial debts | 170/4 | €244,445 | €225,162 | -€19,284 | -7.9% |
| Amounts payable within one year | 42/48 | €253,788 | €267,205 | +€13,417 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €34,049 | €19,972 | -€14,077 | -41.3% |
| Financial debts | 43 | €140,000 | €90,000 | -€50,000 | -35.7% |
| Credit institutions | 430/8 | €140,000 | €90,000 | -€50,000 | -35.7% |
| Trade debts | 44 | €24,325 | €87,148 | +€62,823 | +258% |
| Suppliers | 440/4 | €24,325 | €87,148 | +€62,823 | +258% |
| Taxes, remuneration and social security | 45 | €17,699 | €32,739 | +€15,039 | +85.0% |
| Taxes | 450/3 | €15,649 | €30,689 | +€15,039 | +96.1% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €37,715 | €37,346 | -€368 | -1.0% |
| Accrued charges and deferred income | 492/3 | €2,196 | €1,894 | -€302 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,403 | €35,739 | +€3,336 | +10.3% |
| Other operating charges | 640/8 | €4,457 | €12,952 | +€8,494 | +191% |
| Non-recurring operating charges | 66A | €399 | €0 | -€399 | -100% |
| Gross operating margin | 9900 | €61,538 | €181,462 | +€119,925 | +195% |
| Operating profit (loss) | 9901 | €24,279 | €132,772 | +€108,494 | +447% |
| Financial income | 75/76B | €2,228 | €1,170 | -€1,058 | -47.5% |
| Recurring financial income | 75 | €2,228 | €1,170 | -€1,058 | -47.5% |
| Financial charges | 65/66B | €14,679 | €18,673 | +€3,994 | +27.2% |
| Recurring financial charges | 65 | €14,679 | €18,673 | +€3,994 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €11,828 | €115,269 | +€103,442 | +875% |
| Income taxes | 67/77 | €1,301 | €32,841 | +€31,541 | +2,425% |
| Profit (loss) for the period | 9904 | €10,527 | €82,428 | +€71,901 | +683% |
| Profit (loss) for the period to be appropriated | 9905 | €10,527 | €82,428 | +€71,901 | +683% |
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 17 October 2026 via checked.be.