JAFFRE ART ADVISORY: what changed
JAFFRE ART ADVISORY
Largest movements
- Cash -€35,210
down €35,210 (-58.0%), from €60,720 to €25,510
mainly Net result for the year (-€26,979) and Stocks and contracts (-€20,933)
- Stocks and contracts +€20,933
up €20,933 (+16.2%), from €129,374 to €150,307
- Tangible fixed assets -€7,581
down €7,581 (-28.6%), from €26,524 to €18,942
- Profit (loss) carried forward -€26,979
down €26,979 (-88.0%), from -€30,658 to -€57,637
- Other debts +€5,659
up €5,659 (+2.5%), from €227,765 to €233,425
- Gross operating margin +€6,509
up €6,509 (+25.8%), from -€25,193 to -€18,684
- Depreciation +€3,780
up €3,780 (+99.5%), from €3,801 to €7,581
- Other operating charges -€282
down €282 (-35.7%), from €790 to €508
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,519 | €196,337 | -€21,182 | -9.7% |
| Fixed assets | 21/28 | €26,524 | €18,942 | -€7,581 | -28.6% |
| Tangible fixed assets | 22/27 | €26,524 | €18,942 | -€7,581 | -28.6% |
| Furniture and vehicles | 24 | €26,524 | €18,942 | -€7,581 | -28.6% |
| Current assets | 29/58 | €190,995 | €177,394 | -€13,601 | -7.1% |
| Stocks and contracts in progress | 3 | €129,374 | €150,307 | +€20,933 | +16.2% |
| Stocks | 30/36 | €129,374 | €150,307 | +€20,933 | +16.2% |
| Amounts receivable within one year | 40/41 | €182 | €799 | +€617 | +340% |
| Trade receivables | 40 | - | €703 | +€703 | |
| Other amounts receivable | 41 | €182 | €96 | -€86 | -47.1% |
| Cash at bank and in hand | 54/58 | €60,720 | €25,510 | -€35,210 | -58.0% |
| Deferred charges and accrued income | 490/1 | €719 | €779 | +€59 | +8.3% |
| Total equity and liabilities | 10/49 | €217,519 | €196,337 | -€21,182 | -9.7% |
| Equity | 10/15 | -€12,058 | -€39,037 | -€26,979 | -224% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,658 | -€57,637 | -€26,979 | -88.0% |
| Amounts payable | 17/49 | €229,576 | €235,374 | +€5,797 | +2.5% |
| Amounts payable within one year | 42/48 | €228,476 | €234,674 | +€6,197 | +2.7% |
| Taxes, remuneration and social security | 45 | €711 | €1,249 | +€538 | +75.7% |
| Taxes | 450/3 | €711 | €1,249 | +€538 | +75.7% |
| Other amounts payable | 47/48 | €227,765 | €233,425 | +€5,659 | +2.5% |
| Accrued charges and deferred income | 492/3 | €1,100 | €700 | -€400 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,801 | €7,581 | +€3,780 | +99.5% |
| Other operating charges | 640/8 | €790 | €508 | -€282 | -35.7% |
| Gross operating margin | 9900 | -€25,193 | -€18,684 | +€6,509 | +25.8% |
| Operating profit (loss) | 9901 | -€29,784 | -€26,774 | +€3,011 | +10.1% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.9% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.9% |
| Financial charges | 65/66B | €60 | €63 | +€3 | +5.4% |
| Recurring financial charges | 65 | €60 | €63 | +€3 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,805 | -€26,837 | +€2,968 | +10.0% |
| Income taxes | 67/77 | €68 | €142 | +€74 | +108% |
| Profit (loss) for the period | 9904 | -€29,873 | -€26,979 | +€2,894 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,873 | -€26,979 | +€2,894 | +9.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.