DJEFRED: what changed
Two fiscal 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.
DJEFRED
Largest movements
- Financial fixed assets +€750,000
up €750,000 (+3000.0%), from €25,000 to €775,000
- Receivables within one year +€21,261
up €21,261 (+499.7%), from €4,254 to €25,515
of which Trade receivables: +€25,515
- Tangible fixed assets -€14,933
down €14,933 (-4.6%), from €323,710 to €308,776
- Debts after one year +€604,938
up €604,938 (+224.0%), from €270,094 to €875,032
- Current portion of long-term debt +€98,312
up €98,312 (+440.2%), from €22,332 to €120,644
- Profit (loss) carried forward +€41,550
up €41,550, from -€8,328 to €33,222
- Other debts -€25,000
down €25,000 (-41.5%), from €60,284 to €35,284
- Tax, wage and social debts +€20,863
new in 2025: €20,863
of which Taxes: +€15,863
- Gross operating margin +€37,396
up €37,396 (+93.4%), from €40,030 to €77,426
- Financial charges +€6,785
up €6,785 (+116.9%), from €5,806 to €12,591
- Taxes +€6,592
new in 2025: €6,592
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.
Cash bridge derived
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 | €371,924 | €1,117,996 | +€746,072 | +200.6% |
| Fixed assets | 21/28 | €348,710 | €1,083,776 | +€735,067 | +210.8% |
| Tangible fixed assets | 22/27 | €323,710 | €308,776 | -€14,933 | -4.6% |
| Land and buildings | 22 | €323,710 | €308,776 | -€14,933 | -4.6% |
| Financial fixed assets | 28 | €25,000 | €775,000 | +€750,000 | +3000.0% |
| Current assets | 29/58 | €23,214 | €34,219 | +€11,005 | +47.4% |
| Amounts receivable within one year | 40/41 | €4,254 | €25,515 | +€21,261 | +499.7% |
| Trade receivables | 40 | €0 | €25,515 | +€25,515 | |
| Other amounts receivable | 41 | €4,254 | €0 | -€4,254 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,960 | €8,704 | -€10,256 | -54.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €371,924 | €1,117,996 | +€746,072 | +200.6% |
| Equity | 10/15 | €19,172 | €60,722 | +€41,550 | +216.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,328 | €33,222 | +€41,550 | |
| Amounts payable | 17/49 | €352,752 | €1,057,274 | +€704,521 | +199.7% |
| Amounts payable after more than one year | 17 | €270,094 | €875,032 | +€604,938 | +224.0% |
| Financial debts | 170/4 | €270,094 | €875,032 | +€604,938 | +224.0% |
| Amounts payable within one year | 42/48 | €82,658 | €179,091 | +€96,433 | +116.7% |
| Current portion of amounts payable after more than one year | 42 | €22,332 | €120,644 | +€98,312 | +440.2% |
| Trade debts | 44 | €42 | €2,300 | +€2,258 | +5332.0% |
| Suppliers | 440/4 | €42 | €2,300 | +€2,258 | +5332.0% |
| Taxes, remuneration and social security | 45 | - | €20,863 | +€20,863 | |
| Taxes | 450/3 | - | €15,863 | +€15,863 | |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €60,284 | €35,284 | -€25,000 | -41.5% |
| Accrued charges and deferred income | 492/3 | - | €3,151 | +€3,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,933 | €14,933 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,104 | €1,771 | -€333 | -15.8% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -100.0% |
| Gross operating margin | 9900 | €40,030 | €77,426 | +€37,396 | +93.4% |
| Operating profit (loss) | 9901 | €22,939 | €60,722 | +€37,783 | +164.7% |
| Financial income | 75/76B | €0 | €12 | +€12 | |
| Recurring financial income | 75 | €0 | €12 | +€12 | |
| Financial charges | 65/66B | €5,806 | €12,591 | +€6,785 | +116.9% |
| Recurring financial charges | 65 | €5,806 | €12,591 | +€6,785 | +116.9% |
| Profit (loss) for the period before taxes | 9903 | €17,133 | €48,143 | +€31,009 | +181.0% |
| Income taxes | 67/77 | - | €6,592 | +€6,592 | |
| Profit (loss) for the period | 9904 | €17,133 | €41,550 | +€24,417 | +142.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,133 | €41,550 | +€24,417 | +142.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.