JEF ET CECILE: 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 ET CECILE
Largest movements
- Receivables within one year +€2,444
up €2,444 (+120%), from €2,044 to €4,487
of which Other amounts receivable: +€2,399
- Cash +€1,882
up €1,882 (+80.6%), from €2,335 to €4,217
mainly Other debts (+€18,958) and Net result for the year (+€9,694)
- Stocks and contracts -€382
down €382 (-17.6%), from €2,168 to €1,786
- Debts after one year -€29,050
no longer reported in 2025 (was €29,050)
- Other debts +€18,958
up €18,958 (+800%), from €2,369 to €21,327
- Reserves +€8,681
new in 2025: €8,681
- Tax, wage and social debts +€3,297
new in 2025: €3,297
- Trade debts +€1,172
up €1,172 (+3,324%), from €35 to €1,207
- Financial income +€31,423
new in 2025: €31,423
- Gross operating margin -€18,321
down €18,321, from €5,120 to -€13,201
- Taxes +€2,111
new in 2025: €2,111
- Financial charges +€1,230
up €1,230 (+238%), from €517 to €1,747
- Staff costs -€1,071
down €1,071 (-83.2%), from €1,288 to €217
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 | €32,441 | €36,512 | +€4,071 | +12.5% |
| Fixed assets | 21/28 | €25,345 | €25,469 | +€124 | +0.5% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -24.4% |
| Tangible fixed assets | 22/27 | €25,344 | €25,469 | +€124 | +0.5% |
| Land and buildings | 22 | €18,879 | €16,829 | -€2,050 | -10.9% |
| Plant, machinery and equipment | 23 | €6,465 | €4,909 | -€1,556 | -24.1% |
| Furniture and vehicles | 24 | - | €3,730 | +€3,730 | |
| Current assets | 29/58 | €7,096 | €11,043 | +€3,947 | +55.6% |
| Stocks and contracts in progress | 3 | €2,168 | €1,786 | -€382 | -17.6% |
| Stocks | 30/36 | €2,168 | €1,786 | -€382 | -17.6% |
| Amounts receivable within one year | 40/41 | €2,044 | €4,487 | +€2,444 | +120% |
| Trade receivables | 40 | €80 | €125 | +€45 | +56.6% |
| Other amounts receivable | 41 | €1,964 | €4,362 | +€2,399 | +122% |
| Cash at bank and in hand | 54/58 | €2,335 | €4,217 | +€1,882 | +80.6% |
| Deferred charges and accrued income | 490/1 | €550 | €552 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €32,441 | €36,512 | +€4,071 | +12.5% |
| Equity | 10/15 | €987 | €10,681 | +€9,694 | +982% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €8,681 | +€8,681 | |
| Distributable reserves | 133 | - | €8,681 | +€8,681 | |
| Profit (loss) carried forward | 14 | -€1,013 | - | +€1,013 | |
| Amounts payable | 17/49 | €31,454 | €25,831 | -€5,623 | -17.9% |
| Amounts payable after more than one year | 17 | €29,050 | - | -€29,050 | |
| Other amounts payable | 178/9 | €29,050 | - | -€29,050 | |
| Amounts payable within one year | 42/48 | €2,404 | €25,831 | +€23,427 | +974% |
| Trade debts | 44 | €35 | €1,207 | +€1,172 | +3,324% |
| Suppliers | 440/4 | €35 | €1,207 | +€1,172 | +3,324% |
| Taxes, remuneration and social security | 45 | - | €3,297 | +€3,297 | |
| Taxes | 450/3 | - | €3,297 | +€3,297 | |
| Other amounts payable | 47/48 | €2,369 | €21,327 | +€18,958 | +800% |
| Remuneration, social security and pensions | 62 | €1,288 | €217 | -€1,071 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,941 | €4,002 | +€60 | +1.5% |
| Other operating charges | 640/8 | €387 | €452 | +€65 | +16.7% |
| Gross operating margin | 9900 | €5,120 | -€13,201 | -€18,321 | |
| Operating profit (loss) | 9901 | -€496 | -€17,872 | -€17,375 | -3,502% |
| Financial income | 75/76B | - | €31,423 | +€31,423 | |
| Recurring financial income | 75 | - | €31,423 | +€31,423 | |
| Financial charges | 65/66B | €517 | €1,747 | +€1,230 | +238% |
| Recurring financial charges | 65 | €517 | €1,747 | +€1,230 | +238% |
| Profit (loss) for the period before taxes | 9903 | -€1,013 | €11,805 | +€12,818 | |
| Income taxes | 67/77 | - | €2,111 | +€2,111 | |
| Profit (loss) for the period | 9904 | -€1,013 | €9,694 | +€10,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,013 | €9,694 | +€10,707 |
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 26 October 2026 via checked.be.