JEAF: 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.
JEAF
Largest movements
- Tangible fixed assets -€27,484
down €27,484 (-3.4%), from €811,990 to €784,506
- Debts after one year -€25,396
down €25,396 (-7.5%), from €340,177 to €314,781
- Depreciation +€11,150
up €11,150 (+68.3%), from €16,334 to €27,484
- Gross operating margin +€10,791
up €10,791 (+29.7%), from €36,325 to €47,116
- Financial charges -€534
down €534 (-3.7%), from €14,429 to €13,895
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 | €823,010 | €802,989 | -€20,021 | -2.4% |
| Fixed assets | 21/28 | €811,990 | €784,506 | -€27,484 | -3.4% |
| Tangible fixed assets | 22/27 | €811,990 | €784,506 | -€27,484 | -3.4% |
| Land and buildings | 22 | €811,990 | €784,506 | -€27,484 | -3.4% |
| Current assets | 29/58 | €11,020 | €18,483 | +€7,463 | +67.7% |
| Current investments | 50/53 | €88 | €88 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,344 | €16,751 | +€7,407 | +79.3% |
| Deferred charges and accrued income | 490/1 | €1,588 | €1,644 | +€56 | +3.5% |
| Total equity and liabilities | 10/49 | €823,010 | €802,989 | -€20,021 | -2.4% |
| Equity | 10/15 | €151,516 | €152,631 | +€1,115 | +0.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €10,367 | €10,367 | = | 0.0% |
| Distributable reserves | 133 | €10,367 | €10,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,851 | -€7,736 | +€1,115 | +12.6% |
| Amounts payable | 17/49 | €671,494 | €650,358 | -€21,136 | -3.1% |
| Amounts payable after more than one year | 17 | €340,177 | €314,781 | -€25,396 | -7.5% |
| Financial debts | 170/4 | €340,177 | €314,781 | -€25,396 | -7.5% |
| Amounts payable within one year | 42/48 | €322,449 | €326,779 | +€4,330 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €25,044 | €25,396 | +€352 | +1.4% |
| Financial debts | 43 | €21 | €21 | = | 0.0% |
| Credit institutions | 430/8 | €21 | €21 | = | 0.0% |
| Trade debts | 44 | €3,921 | - | -€3,921 | |
| Suppliers | 440/4 | €3,921 | - | -€3,921 | |
| Taxes, remuneration and social security | 45 | €3,348 | €3,292 | -€56 | -1.7% |
| Taxes | 450/3 | €3,348 | €3,292 | -€56 | -1.7% |
| Other amounts payable | 47/48 | €290,115 | €298,070 | +€7,955 | +2.7% |
| Accrued charges and deferred income | 492/3 | €8,868 | €8,798 | -€70 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,334 | €27,484 | +€11,150 | +68.3% |
| Other operating charges | 640/8 | €4,480 | €4,622 | +€142 | +3.2% |
| Gross operating margin | 9900 | €36,325 | €47,116 | +€10,791 | +29.7% |
| Operating profit (loss) | 9901 | €15,511 | €15,010 | -€501 | -3.2% |
| Financial charges | 65/66B | €14,429 | €13,895 | -€534 | -3.7% |
| Recurring financial charges | 65 | €14,429 | €13,895 | -€534 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,082 | €1,115 | +€33 | +3.0% |
| Profit (loss) for the period | 9904 | €1,082 | €1,115 | +€33 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,082 | €1,115 | +€33 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.