JEANFILS: 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.
What changed
JEANFILS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€74,819
2024 · €383,625-€458,444
Equity
€1.6m
2024 · €1.7m-€74,819
Cash
€260,829
2024 · €740,163-€479,334
Balance sheet total
€2.6m
2024 · €3.2m-€584,987
Largest movements
Assets
- Cash -€479,334
down €479,334 (-64.8%), from €740,163 to €260,829
mainly Debts after one year (-€215,927) and Tax, wage and social debts (-€134,082)
- Receivables within one year -€150,873
down €150,873 (-29.8%), from €506,629 to €355,756
of which Trade receivables: -€137,705
- Formation expenses +€84,085
new in 2025: €84,085
- Stocks and contracts -€68,099
down €68,099 (-3.8%), from €1.8m to €1.7m
of which Stocks: -€98,622
- Deferred charges and accrued income +€35,825
up €35,825 (+397%), from €9,031 to €44,856
Equity and liabilities
- Debts after one year -€215,927
down €215,927 (-82.1%), from €263,116 to €47,189
of which Other amounts payable: -€215,927
- Tax, wage and social debts -€134,082
down €134,082 (-42.8%), from €313,175 to €179,093
of which Remuneration and social security: -€85,941
- Trade debts -€94,480
down €94,480 (-30.2%), from €313,059 to €218,579
of which Suppliers: -€94,480
- Profit (loss) carried forward -€74,819
down €74,819 (-19.5%), from €383,625 to €308,806
- Accrued charges and deferred income -€33,237
down €33,237 (-90.5%), from €36,743 to €3,506
Income statement
- Gross operating margin -€2.0m
down €2.0m (-70.2%), from €2.9m to €857,873
- Staff costs -€493,872
down €493,872 (-33.0%), from €1.5m to €1.0m
- Write-downs -€293,261
down €293,261, from €230,531 to -€62,730
- Provisions -€292,714
down €292,714 (-100%), from €292,714 to €0
- Other operating charges -€190,947
down €190,947 (-93.2%), from €204,864 to €13,917
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.
Result 2024
€383,625
Gross operating margin
-€2.0m
Staff costs
+€493,872
Depreciation
-€13,838
Write-downs
+€293,261
Provisions
+€292,714
Other operating charges
+€190,947
Other operating items
+€105,106
Financial income
-€5,902
Financial charges
+€168,468
Taxes
+€43,965
Deferred taxes and other
-€2,178
Result 2025
-€74,819
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€117,263
Investment
-€127,588
Financing
-€234,483
Cash 2024
€740,163
From operations (derived)
-€117,263
Net result for the year
-€74,819
Depreciation
+€50,094
Stocks and contracts
+€68,099
Receivables within one year
+€150,873
Deferred charges and accrued income
-€35,825
Trade debts
-€94,480
Tax, wage and social debts
-€134,082
Advances received
-€4,051
Other debts
-€9,835
Accrued charges and deferred income
-€33,237
Investment (derived)
-€127,588
Investment in fixed assets (net)
-€127,588
Financing
-€234,483
Debts after one year
-€215,927
Short-term financial debts
-€18,556
Cash 2025
€260,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,223,801 | €2,638,814 | -€584,987 | -18.1% |
| Formation expenses | 20 | - | €84,085 | +€84,085 | |
| Fixed assets | 21/28 | €187,743 | €181,152 | -€6,591 | -3.5% |
| Intangible fixed assets | 21 | €470 | €0 | -€470 | -100% |
| Tangible fixed assets | 22/27 | €142,449 | €136,328 | -€6,121 | -4.3% |
| Land and buildings | 22 | €95,142 | €88,059 | -€7,083 | -7.4% |
| Plant, machinery and equipment | 23 | €33,934 | €42,937 | +€9,003 | +26.5% |
| Furniture and vehicles | 24 | €13,373 | €5,332 | -€8,041 | -60.1% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €44,824 | €44,824 | = | 0.0% |
| Current assets | 29/58 | €3,036,058 | €2,373,577 | -€662,481 | -21.8% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €1,780,235 | €1,712,136 | -€68,099 | -3.8% |
| Stocks | 30/36 | €1,503,934 | €1,405,312 | -€98,622 | -6.6% |
| Contracts in progress | 37 | €276,301 | €306,824 | +€30,523 | +11.0% |
| Amounts receivable within one year | 40/41 | €506,629 | €355,756 | -€150,873 | -29.8% |
| Trade receivables | 40 | €480,898 | €343,193 | -€137,705 | -28.6% |
| Other amounts receivable | 41 | €25,731 | €12,563 | -€13,168 | -51.2% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €740,163 | €260,829 | -€479,334 | -64.8% |
| Deferred charges and accrued income | 490/1 | €9,031 | €44,856 | +€35,825 | +397% |
| Total equity and liabilities | 10/49 | €3,223,801 | €2,638,814 | -€584,987 | -18.1% |
| Equity | 10/15 | €1,714,223 | €1,639,404 | -€74,819 | -4.4% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Uncalled capital | 101 | - | €0 | = | |
| Contributions outside capital | 11 | - | €0 | = | |
| Share premium | 1100/10 | - | €0 | = | |
| Other | 1109/19 | - | €0 | = | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €1,082,598 | €1,082,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | €49,157 | €49,157 | = | 0.0% |
| Distributable reserves | 133 | €1,008,641 | €1,008,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €383,625 | €308,806 | -€74,819 | -19.5% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €292,714 | €292,714 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €292,714 | €292,714 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | €292,714 | €292,714 | = | 0.0% |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,216,864 | €706,696 | -€510,168 | -41.9% |
| Amounts payable after more than one year | 17 | €263,116 | €47,189 | -€215,927 | -82.1% |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | €263,116 | €47,189 | -€215,927 | -82.1% |
| Amounts payable within one year | 42/48 | €917,005 | €656,001 | -€261,004 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €37,777 | €19,221 | -€18,556 | -49.1% |
| Credit institutions | 430/8 | €37,777 | €19,221 | -€18,556 | -49.1% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €313,059 | €218,579 | -€94,480 | -30.2% |
| Suppliers | 440/4 | €313,059 | €218,579 | -€94,480 | -30.2% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | €223,710 | €219,659 | -€4,051 | -1.8% |
| Taxes, remuneration and social security | 45 | €313,175 | €179,093 | -€134,082 | -42.8% |
| Taxes | 450/3 | €145,158 | €97,017 | -€48,141 | -33.2% |
| Remuneration and social security | 454/9 | €168,017 | €82,076 | -€85,941 | -51.2% |
| Other amounts payable | 47/48 | €29,284 | €19,449 | -€9,835 | -33.6% |
| Accrued charges and deferred income | 492/3 | €36,743 | €3,506 | -€33,237 | -90.5% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,494,330 | €1,000,458 | -€493,872 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,256 | €50,094 | +€13,838 | +38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €230,531 | -€62,730 | -€293,261 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €292,714 | €0 | -€292,714 | -100% |
| Other operating charges | 640/8 | €204,864 | €13,917 | -€190,947 | -93.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€105,106 | -€105,106 | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €2,882,732 | €857,873 | -€2.0m | -70.2% |
| Operating profit (loss) | 9901 | €624,037 | -€38,760 | -€662,797 | |
| Financial income | 75/76B | €22,677 | €16,775 | -€5,902 | -26.0% |
| Recurring financial income | 75 | €11,070 | €14,296 | +€3,226 | +29.1% |
| Non-recurring financial income | 76B | €11,607 | €2,479 | -€9,128 | -78.6% |
| Financial charges | 65/66B | €212,919 | €44,451 | -€168,468 | -79.1% |
| Recurring financial charges | 65 | €212,806 | €35,239 | -€177,567 | -83.4% |
| Non-recurring financial charges | 66B | €113 | €9,212 | +€9,099 | +8,052% |
| Profit (loss) for the period before taxes | 9903 | €433,795 | -€66,436 | -€500,231 | |
| Transfer from deferred taxes | 780 | €2,178 | €0 | -€2,178 | -100% |
| Income taxes | 67/77 | €52,348 | €8,383 | -€43,965 | -84.0% |
| Profit (loss) for the period | 9904 | €383,625 | -€74,819 | -€458,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €383,625 | -€74,819 | -€458,444 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.