JEF CHEFS: 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.
JEF CHEFS
Largest movements
- Tangible fixed assets -€43,210
down €43,210 (-14.0%), from €308,810 to €265,600
of which Plant, machinery and equipment: -€34,411
- Receivables within one year -€15,585
down €15,585 (-77.0%), from €20,238 to €4,653
of which Trade receivables: -€15,978
- Other debts -€35,403
down €35,403 (-77.1%), from €45,903 to €10,500
- Debts after one year -€31,353
down €31,353 (-30.1%), from €104,203 to €72,850
- Tax, wage and social debts +€5,889
up €5,889 (+8.0%), from €73,464 to €79,353
of which Taxes: +€5,778
- Gross operating margin -€93,618
down €93,618 (-21.9%), from €428,312 to €334,694
- Taxes -€17,722
down €17,722 (-98.9%), from €17,920 to €199
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 | €525,447 | €473,130 | -€52,316 | -10.0% |
| Fixed assets | 21/28 | €308,810 | €265,600 | -€43,210 | -14.0% |
| Tangible fixed assets | 22/27 | €308,810 | €265,600 | -€43,210 | -14.0% |
| Plant, machinery and equipment | 23 | €260,731 | €226,321 | -€34,411 | -13.2% |
| Furniture and vehicles | 24 | €25,750 | €23,513 | -€2,238 | -8.7% |
| Leasing and similar rights | 25 | €22,329 | €15,767 | -€6,562 | -29.4% |
| Current assets | 29/58 | €216,636 | €207,530 | -€9,106 | -4.2% |
| Stocks and contracts in progress | 3 | €23,040 | €27,417 | +€4,376 | +19.0% |
| Stocks | 30/36 | €23,040 | €27,417 | +€4,376 | +19.0% |
| Amounts receivable within one year | 40/41 | €20,238 | €4,653 | -€15,585 | -77.0% |
| Trade receivables | 40 | €18,819 | €2,841 | -€15,978 | -84.9% |
| Other amounts receivable | 41 | €1,419 | €1,812 | +€393 | +27.7% |
| Cash at bank and in hand | 54/58 | €173,358 | €172,486 | -€872 | -0.5% |
| Deferred charges and accrued income | 490/1 | - | €2,974 | +€2,974 | |
| Total equity and liabilities | 10/49 | €525,447 | €473,130 | -€52,316 | -10.0% |
| Equity | 10/15 | €227,248 | €229,469 | +€2,221 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Distributable reserves | 133 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,187 | €209,408 | +€2,221 | +1.1% |
| Amounts payable | 17/49 | €298,199 | €243,662 | -€54,537 | -18.3% |
| Amounts payable after more than one year | 17 | €104,203 | €72,850 | -€31,353 | -30.1% |
| Financial debts | 170/4 | €104,203 | €72,850 | -€31,353 | -30.1% |
| Amounts payable within one year | 42/48 | €193,996 | €170,812 | -€23,185 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €30,032 | €31,353 | +€1,321 | +4.4% |
| Trade debts | 44 | €44,597 | €49,605 | +€5,009 | +11.2% |
| Suppliers | 440/4 | €44,597 | €49,605 | +€5,009 | +11.2% |
| Taxes, remuneration and social security | 45 | €73,464 | €79,353 | +€5,889 | +8.0% |
| Taxes | 450/3 | €16,636 | €22,414 | +€5,778 | +34.7% |
| Remuneration and social security | 454/9 | €56,829 | €56,939 | +€111 | +0.2% |
| Other amounts payable | 47/48 | €45,903 | €10,500 | -€35,403 | -77.1% |
| Remuneration, social security and pensions | 62 | €258,709 | €260,575 | +€1,866 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,052 | €49,545 | +€1,493 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,134 | +€4,134 | |
| Other operating charges | 640/8 | €3,571 | - | -€3,571 | |
| Gross operating margin | 9900 | €428,312 | €334,694 | -€93,618 | -21.9% |
| Operating profit (loss) | 9901 | €117,980 | €20,439 | -€97,541 | -82.7% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €9,192 | €7,577 | -€1,616 | -17.6% |
| Recurring financial charges | 65 | €9,192 | €7,577 | -€1,616 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €108,787 | €12,919 | -€95,868 | -88.1% |
| Income taxes | 67/77 | €17,920 | €199 | -€17,722 | -98.9% |
| Profit (loss) for the period | 9904 | €90,867 | €12,721 | -€78,146 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,867 | €12,721 | -€78,146 | -86.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.