JEF & EMILE: 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 & EMILE
Largest movements
- Cash +€20,254
up €20,254 (+153.6%), from €13,187 to €33,441
mainly Net result for the year (+€33,601) and Receivables within one year (+€5,123)
- Receivables within one year -€5,123
down €5,123 (-24.5%), from €20,927 to €15,805
of which Other amounts receivable: -€6,873
- Reserves +€27,601
up €27,601 (+26.2%), from €105,385 to €132,986
- Debts after one year -€16,117
down €16,117 (-31.0%), from €51,915 to €35,799
- Tax, wage and social debts +€2,681
up €2,681 (+52.8%), from €5,079 to €7,760
- Gross operating margin +€3,011
up €3,011 (+5.8%), from €51,696 to €54,707
- Financial charges -€1,482
down €1,482 (-36.1%), from €4,103 to €2,621
- Taxes +€1,302
up €1,302 (+8.8%), from €14,762 to €16,065
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 | €209,546 | €226,188 | +€16,643 | +7.9% |
| Fixed assets | 21/28 | €10,432 | €11,943 | +€1,511 | +14.5% |
| Tangible fixed assets | 22/27 | €10,432 | €11,943 | +€1,511 | +14.5% |
| Land and buildings | 22 | €1,989 | €1,750 | -€239 | -12.0% |
| Furniture and vehicles | 24 | €4,822 | €6,572 | +€1,750 | +36.3% |
| Other tangible fixed assets | 26 | €3,620 | €3,620 | = | 0.0% |
| Current assets | 29/58 | €199,114 | €214,246 | +€15,132 | +7.6% |
| Amounts receivable within one year | 40/41 | €20,927 | €15,805 | -€5,123 | -24.5% |
| Trade receivables | 40 | €10,830 | €12,581 | +€1,751 | +16.2% |
| Other amounts receivable | 41 | €10,097 | €3,223 | -€6,873 | -68.1% |
| Current investments | 50/53 | €165,000 | €165,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,187 | €33,441 | +€20,254 | +153.6% |
| Total equity and liabilities | 10/49 | €209,546 | €226,188 | +€16,643 | +7.9% |
| Equity | 10/15 | €111,585 | €139,186 | +€27,601 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,385 | €132,986 | +€27,601 | +26.2% |
| Distributable reserves | 133 | €105,385 | €132,986 | +€27,601 | +26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,960 | €87,002 | -€10,958 | -11.2% |
| Amounts payable after more than one year | 17 | €51,915 | €35,799 | -€16,117 | -31.0% |
| Financial debts | 170/4 | €51,915 | €35,799 | -€16,117 | -31.0% |
| Amounts payable within one year | 42/48 | €46,045 | €51,204 | +€5,159 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €15,463 | €16,117 | +€654 | +4.2% |
| Trade debts | 44 | €883 | €2,732 | +€1,849 | +209.4% |
| Suppliers | 440/4 | €883 | €2,732 | +€1,849 | +209.4% |
| Taxes, remuneration and social security | 45 | €5,079 | €7,760 | +€2,681 | +52.8% |
| Taxes | 450/3 | €5,079 | €7,760 | +€2,681 | +52.8% |
| Other amounts payable | 47/48 | €24,620 | €24,595 | -€25 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €2,420 | +€42 | +1.8% |
| Gross operating margin | 9900 | €51,696 | €54,707 | +€3,011 | +5.8% |
| Operating profit (loss) | 9901 | €49,318 | €52,286 | +€2,969 | +6.0% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €4,103 | €2,621 | -€1,482 | -36.1% |
| Recurring financial charges | 65 | €4,103 | €2,621 | -€1,482 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €45,265 | €49,665 | +€4,400 | +9.7% |
| Income taxes | 67/77 | €14,762 | €16,065 | +€1,302 | +8.8% |
| Profit (loss) for the period | 9904 | €30,503 | €33,601 | +€3,098 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,503 | €33,601 | +€3,098 | +10.2% |
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 11 October 2026 via checked.be.