CJ PROJECTS: 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.
CJ PROJECTS
Largest movements
- Receivables within one year -€22,178
down €22,178 (-26.1%), from €84,882 to €62,704
of which Trade receivables: -€18,998
- Cash -€12,639
down €12,639 (-100.0%), from €12,643 to €4
mainly Tax, wage and social debts (-€16,408) and Net result for the year (-€6,576)
- Tax, wage and social debts -€16,408
down €16,408 (-99.2%), from €16,542 to €134
- Profit (loss) carried forward -€6,576
down €6,576 (-75.6%), from -€8,695 to -€15,271
- Trade debts -€5,042
down €5,042 (-43.0%), from €11,739 to €6,697
- Current portion of long-term debt -€4,549
down €4,549 (-62.9%), from €7,231 to €2,682
- Debts after one year -€2,682
down €2,682 (-79.8%), from €3,361 to €679
- Gross operating margin -€8,078
down €8,078 (-1,170%), from -€690 to -€8,768
- Depreciation -€7,091
no longer reported in 2025 (was €7,091)
- Write-downs -€1,879
no longer reported in 2025 (was €1,879)
- Financial charges -€737
down €737 (-68.9%), from €1,069 to €332
- Other operating charges -€310
down €310 (-22.0%), from €1,409 to €1,099
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 | €107,780 | €72,523 | -€35,258 | -32.7% |
| Fixed assets | 21/28 | €9,814 | €9,814 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,814 | €9,814 | = | 0.0% |
| Furniture and vehicles | 24 | €9,814 | €9,814 | = | 0.0% |
| Current assets | 29/58 | €97,966 | €62,708 | -€35,258 | -36.0% |
| Amounts receivable within one year | 40/41 | €84,882 | €62,704 | -€22,178 | -26.1% |
| Trade receivables | 40 | €21,259 | €2,261 | -€18,998 | -89.4% |
| Other amounts receivable | 41 | €63,624 | €60,443 | -€3,180 | -5.0% |
| Cash at bank and in hand | 54/58 | €12,643 | €4 | -€12,639 | -100.0% |
| Deferred charges and accrued income | 490/1 | €441 | - | -€441 | |
| Total equity and liabilities | 10/49 | €107,780 | €72,523 | -€35,258 | -32.7% |
| Equity | 10/15 | €68,906 | €62,330 | -€6,576 | -9.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,602 | €74,602 | = | 0.0% |
| Distributable reserves | 133 | €74,602 | €74,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,695 | -€15,271 | -€6,576 | -75.6% |
| Amounts payable | 17/49 | €38,874 | €10,192 | -€28,682 | -73.8% |
| Amounts payable after more than one year | 17 | €3,361 | €679 | -€2,682 | -79.8% |
| Financial debts | 170/4 | €3,361 | €679 | -€2,682 | -79.8% |
| Amounts payable within one year | 42/48 | €35,513 | €9,514 | -€25,999 | -73.2% |
| Current portion of amounts payable after more than one year | 42 | €7,231 | €2,682 | -€4,549 | -62.9% |
| Trade debts | 44 | €11,739 | €6,697 | -€5,042 | -43.0% |
| Suppliers | 440/4 | €11,739 | €6,697 | -€5,042 | -43.0% |
| Taxes, remuneration and social security | 45 | €16,542 | €134 | -€16,408 | -99.2% |
| Taxes | 450/3 | €16,542 | €134 | -€16,408 | -99.2% |
| Non-recurring operating income | 76A | €2,059 | €5 | -€2,054 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,091 | - | -€7,091 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,879 | - | -€1,879 | |
| Other operating charges | 640/8 | €1,409 | €1,099 | -€310 | -22.0% |
| Gross operating margin | 9900 | -€690 | -€8,768 | -€8,078 | -1,170% |
| Operating profit (loss) | 9901 | -€11,069 | -€9,867 | +€1,203 | +10.9% |
| Financial income | 75/76B | €3,656 | €3,698 | +€42 | +1.2% |
| Recurring financial income | 75 | €3,656 | €3,698 | +€42 | +1.2% |
| Financial charges | 65/66B | €1,069 | €332 | -€737 | -68.9% |
| Recurring financial charges | 65 | €1,069 | €332 | -€737 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,482 | -€6,501 | +€1,981 | +23.4% |
| Income taxes | 67/77 | €213 | €75 | -€138 | -64.8% |
| Profit (loss) for the period | 9904 | -€8,695 | -€6,576 | +€2,119 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,695 | -€6,576 | +€2,119 | +24.4% |
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 26 October 2026 via checked.be.