JEF Consulting: 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 Consulting
Largest movements
- Stocks and contracts +€11,164
up €11,164 (+26.8%), from €41,710 to €52,874
- Tangible fixed assets -€9,581
down €9,581 (-26.4%), from €36,262 to €26,682
- Receivables within one year -€6,111
down €6,111 (-33.6%), from €18,198 to €12,088
- Debts after one year -€7,813
down €7,813 (-32.7%), from €23,859 to €16,046
- Other debts +€3,531
up €3,531 (+78.0%), from €4,529 to €8,060
- Tax, wage and social debts -€1,305
down €1,305 (-8.5%), from €15,417 to €14,112
of which Taxes: -€905
- Trade debts +€1,120
up €1,120 (+186%), from €602 to €1,723
- Gross operating margin -€685
down €685 (-3.7%), from €18,315 to €17,630
- Taxes -€472
down €472 (-15.9%), from €2,962 to €2,490
- Other operating charges +€356
up €356 (+35.3%), from €1,009 to €1,365
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 | €97,205 | €93,376 | -€3,829 | -3.9% |
| Fixed assets | 21/28 | €36,262 | €26,682 | -€9,581 | -26.4% |
| Tangible fixed assets | 22/27 | €36,262 | €26,682 | -€9,581 | -26.4% |
| Furniture and vehicles | 24 | €36,262 | €26,682 | -€9,581 | -26.4% |
| Current assets | 29/58 | €60,943 | €66,695 | +€5,752 | +9.4% |
| Stocks and contracts in progress | 3 | €41,710 | €52,874 | +€11,164 | +26.8% |
| Contracts in progress | 37 | €41,710 | €52,874 | +€11,164 | +26.8% |
| Amounts receivable within one year | 40/41 | €18,198 | €12,088 | -€6,111 | -33.6% |
| Trade receivables | 40 | €18,198 | €12,088 | -€6,111 | -33.6% |
| Cash at bank and in hand | 54/58 | €19 | €19 | -€0 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,714 | +€699 | +68.8% |
| Total equity and liabilities | 10/49 | €97,205 | €93,376 | -€3,829 | -3.9% |
| Equity | 10/15 | €21,587 | €21,943 | +€356 | +1.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,127 | €1,483 | +€356 | +31.6% |
| Amounts payable | 17/49 | €75,618 | €71,433 | -€4,185 | -5.5% |
| Amounts payable after more than one year | 17 | €23,859 | €16,046 | -€7,813 | -32.7% |
| Financial debts | 170/4 | €23,859 | €16,046 | -€7,813 | -32.7% |
| Amounts payable within one year | 42/48 | €51,759 | €55,122 | +€3,363 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €7,453 | €7,813 | +€360 | +4.8% |
| Financial debts | 43 | €23,757 | €23,414 | -€343 | -1.4% |
| Credit institutions | 430/8 | €9,079 | €11,414 | +€2,335 | +25.7% |
| Other loans | 439 | €14,678 | €12,000 | -€2,678 | -18.2% |
| Trade debts | 44 | €602 | €1,723 | +€1,120 | +186% |
| Suppliers | 440/4 | €602 | €1,723 | +€1,120 | +186% |
| Taxes, remuneration and social security | 45 | €15,417 | €14,112 | -€1,305 | -8.5% |
| Taxes | 450/3 | €11,917 | €11,012 | -€905 | -7.6% |
| Remuneration and social security | 454/9 | €3,500 | €3,100 | -€400 | -11.4% |
| Other amounts payable | 47/48 | €4,529 | €8,060 | +€3,531 | +78.0% |
| Accrued charges and deferred income | 492/3 | - | €265 | +€265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,698 | €9,581 | -€117 | -1.2% |
| Other operating charges | 640/8 | €1,009 | €1,365 | +€356 | +35.3% |
| Gross operating margin | 9900 | €18,315 | €17,630 | -€685 | -3.7% |
| Operating profit (loss) | 9901 | €7,609 | €6,684 | -€924 | -12.1% |
| Financial income | 75/76B | €32 | €73 | +€41 | +127% |
| Recurring financial income | 75 | €32 | €73 | +€41 | +127% |
| Financial charges | 65/66B | €4,060 | €3,911 | -€149 | -3.7% |
| Recurring financial charges | 65 | €4,060 | €3,911 | -€149 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €3,581 | €2,846 | -€735 | -20.5% |
| Income taxes | 67/77 | €2,962 | €2,490 | -€472 | -15.9% |
| Profit (loss) for the period | 9904 | €619 | €356 | -€263 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €619 | €356 | -€263 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.