COJU MANAGEMENT: 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.
COJU MANAGEMENT
Largest movements
- Cash -€163,663
down €163,663 (-91.0%), from €179,898 to €16,235
mainly Contributions, distributions and other (-€218,000) and Trade debts (-€46,267)
- Receivables after one year -€110,000
down €110,000 (-100%), from €110,000 to €0
- Current investments +€35,054
new in 2025: €35,054
- Receivables within one year +€16,800
up €16,800 (+23.7%), from €70,898 to €87,698
of which Other amounts receivable: +€84,556
- Deferred charges and accrued income -€5,684
down €5,684 (-60.6%), from €9,386 to €3,702
- Profit (loss) carried forward -€190,510
down €190,510 (-66.5%), from €286,524 to €96,014
- Trade debts -€46,267
down €46,267 (-98.8%), from €46,849 to €582
- Other debts +€40,091
new in 2025: €40,091
- Tax, wage and social debts -€31,184
down €31,184 (-90.1%), from €34,613 to €3,428
- Gross operating margin -€25,664
down €25,664 (-39.7%), from €64,616 to €38,952
- Taxes -€5,697
down €5,697 (-38.1%), from €14,941 to €9,244
- Financial income -€3,693
down €3,693 (-83.3%), from €4,435 to €742
- Financial charges +€1,396
up €1,396 (+201%), from €696 to €2,093
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 | €370,486 | €142,689 | -€227,796 | -61.5% |
| Fixed assets | 21/28 | €303 | €0 | -€303 | -100% |
| Tangible fixed assets | 22/27 | €303 | €0 | -€303 | -100% |
| Furniture and vehicles | 24 | €303 | €0 | -€303 | -100% |
| Current assets | 29/58 | €370,183 | €142,689 | -€227,493 | -61.5% |
| Amounts receivable after more than one year | 29 | €110,000 | €0 | -€110,000 | -100% |
| Other amounts receivable | 291 | €110,000 | €0 | -€110,000 | -100% |
| Amounts receivable within one year | 40/41 | €70,898 | €87,698 | +€16,800 | +23.7% |
| Trade receivables | 40 | €70,898 | €3,142 | -€67,756 | -95.6% |
| Other amounts receivable | 41 | €0 | €84,556 | +€84,556 | |
| Current investments | 50/53 | - | €35,054 | +€35,054 | |
| Cash at bank and in hand | 54/58 | €179,898 | €16,235 | -€163,663 | -91.0% |
| Deferred charges and accrued income | 490/1 | €9,386 | €3,702 | -€5,684 | -60.6% |
| Total equity and liabilities | 10/49 | €370,486 | €142,689 | -€227,796 | -61.5% |
| Equity | 10/15 | €289,024 | €98,514 | -€190,510 | -65.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,524 | €96,014 | -€190,510 | -66.5% |
| Amounts payable | 17/49 | €81,461 | €44,176 | -€37,286 | -45.8% |
| Amounts payable within one year | 42/48 | €81,461 | €44,102 | -€37,359 | -45.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,849 | €582 | -€46,267 | -98.8% |
| Suppliers | 440/4 | €46,849 | €582 | -€46,267 | -98.8% |
| Taxes, remuneration and social security | 45 | €34,613 | €3,428 | -€31,184 | -90.1% |
| Taxes | 450/3 | €34,613 | €3,428 | -€31,184 | -90.1% |
| Other amounts payable | 47/48 | - | €40,091 | +€40,091 | |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €303 | -€33 | -9.8% |
| Other operating charges | 640/8 | €497 | €565 | +€68 | +13.7% |
| Gross operating margin | 9900 | €64,616 | €38,952 | -€25,664 | -39.7% |
| Operating profit (loss) | 9901 | €63,783 | €38,084 | -€25,699 | -40.3% |
| Financial income | 75/76B | €4,435 | €742 | -€3,693 | -83.3% |
| Recurring financial income | 75 | €4,435 | €742 | -€3,693 | -83.3% |
| Financial charges | 65/66B | €696 | €2,093 | +€1,396 | +201% |
| Recurring financial charges | 65 | €696 | €2,093 | +€1,396 | +201% |
| Profit (loss) for the period before taxes | 9903 | €67,521 | €36,733 | -€30,788 | -45.6% |
| Income taxes | 67/77 | €14,941 | €9,244 | -€5,697 | -38.1% |
| Profit (loss) for the period | 9904 | €52,580 | €27,490 | -€25,091 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,580 | €27,490 | -€25,091 | -47.7% |
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 20 October 2026 via checked.be.