CFJ: 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.
CFJ
Largest movements
- Tangible fixed assets +€112,937
up €112,937 (+3,837%), from €2,943 to €115,880
of which Other tangible fixed assets: +€110,523
- Receivables within one year +€97,892
up €97,892 (+70.7%), from €138,445 to €236,338
of which Other amounts receivable: +€65,865
- Cash +€69,453
up €69,453 (+281%), from €24,731 to €94,184
mainly Net result for the year (+€323,289) and Trade debts (+€48,793)
- Reserves +€323,289
up €323,289 (+33.9%), from €952,549 to €1.3m
- Debts after one year -€63,470
down €63,470 (-62.9%), from €100,896 to €37,427
- Other debts -€52,087
down €52,087 (-93.4%), from €55,746 to €3,659
- Trade debts +€48,793
up €48,793 (+8,874%), from €550 to €49,343
- Tax, wage and social debts +€33,826
up €33,826 (+106%), from €31,793 to €65,619
of which Taxes: +€33,826
- Financial income +€152,018
up €152,018 (+100%), from €152,000 to €304,018
- Gross operating margin -€14,063
down €14,063 (-14.1%), from €99,856 to €85,793
- Taxes +€10,717
up €10,717 (+25.1%), from €42,643 to €53,359
- Other operating charges -€3,061
down €3,061 (-37.3%), from €8,211 to €5,150
- Depreciation +€2,724
up €2,724 (+4,876%), from €56 to €2,780
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 | €1,233,090 | €1,526,031 | +€292,941 | +23.8% |
| Fixed assets | 21/28 | €1,068,864 | €1,181,801 | +€112,937 | +10.6% |
| Tangible fixed assets | 22/27 | €2,943 | €115,880 | +€112,937 | +3,837% |
| Furniture and vehicles | 24 | €2,943 | €5,357 | +€2,414 | +82.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €110,523 | +€110,523 | |
| Financial fixed assets | 28 | €1,065,920 | €1,065,920 | = | 0.0% |
| Current assets | 29/58 | €164,226 | €344,230 | +€180,004 | +110% |
| Amounts receivable within one year | 40/41 | €138,445 | €236,338 | +€97,892 | +70.7% |
| Trade receivables | 40 | - | €32,027 | +€32,027 | |
| Other amounts receivable | 41 | €138,445 | €204,310 | +€65,865 | +47.6% |
| Cash at bank and in hand | 54/58 | €24,731 | €94,184 | +€69,453 | +281% |
| Deferred charges and accrued income | 490/1 | €1,050 | €13,709 | +€12,659 | +1,205% |
| Total equity and liabilities | 10/49 | €1,233,090 | €1,526,031 | +€292,941 | +23.8% |
| Equity | 10/15 | €981,497 | €1,304,786 | +€323,289 | +32.9% |
| Contributions | 10/11 | €28,949 | €28,949 | = | 0.0% |
| Reserves | 13 | €952,549 | €1,275,837 | +€323,289 | +33.9% |
| Distributable reserves | 133 | €952,549 | €1,275,837 | +€323,289 | +33.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,593 | €221,245 | -€30,348 | -12.1% |
| Amounts payable after more than one year | 17 | €100,896 | €37,427 | -€63,470 | -62.9% |
| Financial debts | 170/4 | €100,896 | €37,427 | -€63,470 | -62.9% |
| Amounts payable within one year | 42/48 | €150,696 | €182,711 | +€32,015 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €62,607 | €63,470 | +€862 | +1.4% |
| Financial debts | 43 | €0 | €620 | +€620 | |
| Credit institutions | 430/8 | €0 | €620 | +€620 | |
| Trade debts | 44 | €550 | €49,343 | +€48,793 | +8,874% |
| Suppliers | 440/4 | €550 | €49,343 | +€48,793 | +8,874% |
| Taxes, remuneration and social security | 45 | €31,793 | €65,619 | +€33,826 | +106% |
| Taxes | 450/3 | €31,793 | €65,619 | +€33,826 | +106% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,746 | €3,659 | -€52,087 | -93.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,107 | +€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €2,780 | +€2,724 | +4,876% |
| Other operating charges | 640/8 | €8,211 | €5,150 | -€3,061 | -37.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,856 | €85,793 | -€14,063 | -14.1% |
| Operating profit (loss) | 9901 | €91,590 | €77,863 | -€13,727 | -15.0% |
| Financial income | 75/76B | €152,000 | €304,018 | +€152,018 | +100% |
| Recurring financial income | 75 | €152,000 | €304,018 | +€152,018 | +100% |
| Financial charges | 65/66B | €7,177 | €5,233 | -€1,943 | -27.1% |
| Recurring financial charges | 65 | €7,177 | €5,233 | -€1,943 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €236,413 | €376,648 | +€140,235 | +59.3% |
| Income taxes | 67/77 | €42,643 | €53,359 | +€10,717 | +25.1% |
| Profit (loss) for the period | 9904 | €193,770 | €323,289 | +€129,518 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €193,770 | €323,289 | +€129,518 | +66.8% |
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 28 October 2026 via checked.be.