CIJO: 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.
CIJO
Largest movements
- Tangible fixed assets +€125,429
up €125,429 (+36.8%), from €340,960 to €466,389
of which Land and buildings: +€369,116
- Receivables within one year -€34,185
down €34,185 (-66.7%), from €51,275 to €17,090
of which Trade receivables: -€19,184
- Cash -€30,957
down €30,957 (-80.3%), from €38,540 to €7,583
mainly Investment in fixed assets (net) (-€136,133) and Debts after one year (-€16,031)
- Other debts +€55,726
up €55,726 (+348%), from €16,013 to €71,738
- Reserves +€28,878
up €28,878 (+53.8%), from €53,636 to €82,515
- Debts after one year -€16,031
down €16,031 (-5.6%), from €287,172 to €271,141
- Accrued charges and deferred income -€13,767
down €13,767 (-70.8%), from €19,451 to €5,684
- Profit (loss) carried forward +€11,718
up €11,718, from -€11,718 to €0
- Gross operating margin -€169,969
down €169,969 (-64.9%), from €261,967 to €91,998
- Other operating charges -€8,935
down €8,935 (-78.5%), from €11,375 to €2,440
- Financial charges +€6,840
up €6,840 (+61.5%), from €11,115 to €17,956
- Taxes -€6,748
down €6,748 (-25.7%), from €26,235 to €19,487
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 | €430,842 | €491,062 | +€60,220 | +14.0% |
| Fixed assets | 21/28 | €340,960 | €466,389 | +€125,429 | +36.8% |
| Tangible fixed assets | 22/27 | €340,960 | €466,389 | +€125,429 | +36.8% |
| Land and buildings | 22 | €92,970 | €462,086 | +€369,116 | +397% |
| Plant, machinery and equipment | 23 | €4,777 | €4,304 | -€473 | -9.9% |
| Furniture and vehicles | 24 | €63 | €0 | -€63 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €243,150 | €0 | -€243,150 | -100% |
| Current assets | 29/58 | €89,882 | €24,673 | -€65,209 | -72.6% |
| Amounts receivable within one year | 40/41 | €51,275 | €17,090 | -€34,185 | -66.7% |
| Trade receivables | 40 | €32,816 | €13,632 | -€19,184 | -58.5% |
| Other amounts receivable | 41 | €18,459 | €3,458 | -€15,001 | -81.3% |
| Cash at bank and in hand | 54/58 | €38,540 | €7,583 | -€30,957 | -80.3% |
| Deferred charges and accrued income | 490/1 | €67 | €0 | -€67 | -100% |
| Total equity and liabilities | 10/49 | €430,842 | €491,062 | +€60,220 | +14.0% |
| Equity | 10/15 | €66,919 | €107,515 | +€40,596 | +60.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €53,636 | €82,515 | +€28,878 | +53.8% |
| Distributable reserves | 133 | €53,636 | €82,515 | +€28,878 | +53.8% |
| Profit (loss) carried forward | 14 | -€11,718 | €0 | +€11,718 | |
| Amounts payable | 17/49 | €363,923 | €383,547 | +€19,624 | +5.4% |
| Amounts payable after more than one year | 17 | €287,172 | €271,141 | -€16,031 | -5.6% |
| Financial debts | 170/4 | €287,172 | €271,141 | -€16,031 | -5.6% |
| Amounts payable within one year | 42/48 | €57,301 | €106,723 | +€49,422 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €12,828 | €16,031 | +€3,203 | +25.0% |
| Trade debts | 44 | €4,914 | €10,121 | +€5,207 | +106% |
| Suppliers | 440/4 | €4,914 | €10,121 | +€5,207 | +106% |
| Advances received on contracts in progress | 46 | €7,724 | €0 | -€7,724 | -100% |
| Taxes, remuneration and social security | 45 | €15,822 | €8,833 | -€6,989 | -44.2% |
| Taxes | 450/3 | €15,822 | €8,833 | -€6,989 | -44.2% |
| Other amounts payable | 47/48 | €16,013 | €71,738 | +€55,726 | +348% |
| Accrued charges and deferred income | 492/3 | €19,451 | €5,684 | -€13,767 | -70.8% |
| Non-recurring operating income | 76A | €209,346 | €0 | -€209,346 | -100% |
| Remuneration, social security and pensions | 62 | €429 | €0 | -€429 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,299 | €10,704 | +€1,405 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,375 | €2,440 | -€8,935 | -78.5% |
| Non-recurring operating charges | 66A | €1,613 | €0 | -€1,613 | -100% |
| Gross operating margin | 9900 | €261,967 | €91,998 | -€169,969 | -64.9% |
| Operating profit (loss) | 9901 | €239,252 | €78,854 | -€160,397 | -67.0% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €11,115 | €17,956 | +€6,840 | +61.5% |
| Recurring financial charges | 65 | €11,115 | €17,956 | +€6,840 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €228,136 | €60,916 | -€167,220 | -73.3% |
| Income taxes | 67/77 | €26,235 | €19,487 | -€6,748 | -25.7% |
| Profit (loss) for the period | 9904 | €201,901 | €41,429 | -€160,473 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €201,901 | €41,429 | -€160,473 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.