Jami Wafel: 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.
Jami Wafel
Largest movements
- Receivables within one year +€27,116
up €27,116 (+52.9%), from €51,216 to €78,332
of which Trade receivables: +€29,011
- Tangible fixed assets -€6,348
down €6,348 (-5.8%), from €109,256 to €102,909
of which Furniture and vehicles: -€3,243
- Cash +€4,033
up €4,033 (+20.1%), from €20,040 to €24,074
mainly Depreciation (+€21,598) and Trade debts (+€21,377)
- Trade debts +€21,377
up €21,377 (+66.0%), from €32,414 to €53,791
- Reserves +€10,359
up €10,359 (+12.4%), from €83,598 to €93,958
of which Distributable reserves: +€11,882
- Debts after one year -€8,926
down €8,926 (-38.9%), from €22,970 to €14,044
- Other debts +€5,580
up €5,580 (+5,959%), from €94 to €5,674
- Current portion of long-term debt -€5,468
down €5,468 (-38.0%), from €14,394 to €8,926
- Gross operating margin +€7,861
up €7,861 (+18.6%), from €42,375 to €50,236
- Depreciation -€5,983
down €5,983 (-21.7%), from €27,581 to €21,598
- Taxes +€3,271
up €3,271 (+93.3%), from €3,506 to €6,777
- Other operating charges +€1,090
up €1,090 (+49.9%), from €2,181 to €3,271
- Financial charges -€716
down €716 (-19.6%), from €3,661 to €2,944
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 | €182,562 | €208,881 | +€26,319 | +14.4% |
| Fixed assets | 21/28 | €109,256 | €102,909 | -€6,348 | -5.8% |
| Tangible fixed assets | 22/27 | €109,256 | €102,909 | -€6,348 | -5.8% |
| Land and buildings | 22 | €57,233 | €55,127 | -€2,107 | -3.7% |
| Plant, machinery and equipment | 23 | €1,683 | €686 | -€998 | -59.3% |
| Furniture and vehicles | 24 | €50,340 | €47,096 | -€3,243 | -6.4% |
| Current assets | 29/58 | €73,306 | €105,973 | +€32,667 | +44.6% |
| Amounts receivable within one year | 40/41 | €51,216 | €78,332 | +€27,116 | +52.9% |
| Trade receivables | 40 | €47,498 | €76,509 | +€29,011 | +61.1% |
| Other amounts receivable | 41 | €3,717 | €1,823 | -€1,894 | -51.0% |
| Cash at bank and in hand | 54/58 | €20,040 | €24,074 | +€4,033 | +20.1% |
| Deferred charges and accrued income | 490/1 | €2,050 | €3,567 | +€1,517 | +74.0% |
| Total equity and liabilities | 10/49 | €182,562 | €208,881 | +€26,319 | +14.4% |
| Equity | 10/15 | €102,198 | €112,558 | +€10,359 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,598 | €93,958 | +€10,359 | +12.4% |
| Tax-exempt reserves | 132 | €30,451 | €28,929 | -€1,523 | -5.0% |
| Distributable reserves | 133 | €53,147 | €65,029 | +€11,882 | +22.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €7,613 | €7,232 | -€381 | -5.0% |
| Deferred taxes | 168 | €7,613 | €7,232 | -€381 | -5.0% |
| Amounts payable | 17/49 | €72,751 | €89,091 | +€16,340 | +22.5% |
| Amounts payable after more than one year | 17 | €22,970 | €14,044 | -€8,926 | -38.9% |
| Financial debts | 170/4 | €22,970 | €14,044 | -€8,926 | -38.9% |
| Amounts payable within one year | 42/48 | €49,781 | €75,048 | +€25,266 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €14,394 | €8,926 | -€5,468 | -38.0% |
| Trade debts | 44 | €32,414 | €53,791 | +€21,377 | +66.0% |
| Suppliers | 440/4 | €32,414 | €53,791 | +€21,377 | +66.0% |
| Taxes, remuneration and social security | 45 | €2,880 | €6,657 | +€3,777 | +131% |
| Taxes | 450/3 | €1,380 | €5,157 | +€3,777 | +274% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €94 | €5,674 | +€5,580 | +5,959% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,581 | €21,598 | -€5,983 | -21.7% |
| Other operating charges | 640/8 | €2,181 | €3,271 | +€1,090 | +49.9% |
| Gross operating margin | 9900 | €42,375 | €50,236 | +€7,861 | +18.6% |
| Operating profit (loss) | 9901 | €12,612 | €25,367 | +€12,755 | +101% |
| Financial income | 75/76B | €3 | €7 | +€3 | +100% |
| Recurring financial income | 75 | €3 | €7 | +€3 | +100% |
| Financial charges | 65/66B | €3,661 | €2,944 | -€716 | -19.6% |
| Recurring financial charges | 65 | €3,661 | €2,944 | -€716 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €8,955 | €22,429 | +€13,475 | +150% |
| Transfer from deferred taxes | 780 | €761 | €381 | -€381 | -50.0% |
| Income taxes | 67/77 | €3,506 | €6,777 | +€3,271 | +93.3% |
| Profit (loss) for the period | 9904 | €6,210 | €16,033 | +€9,823 | +158% |
| Transfer from tax-exempt reserves | 789 | €3,045 | €1,523 | -€1,523 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,255 | €17,556 | +€8,301 | +89.7% |
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 22 October 2026 via checked.be.