Jef Feyaerts: 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 Feyaerts
Largest movements
- Cash +€50,977
up €50,977 (+5,098%), from €1,000 to €51,977
mainly Net result for the year (+€45,726) and Tax, wage and social debts (+€7,093)
- Tangible fixed assets +€2,920
new in 2025: €2,920
- Reserves +€44,414
new in 2025: €44,414
- Tax, wage and social debts +€7,093
new in 2025: €7,093
- Other debts +€2,858
new in 2025: €2,858
- Trade debts -€1,542
down €1,542 (-79.3%), from €1,945 to €404
- Gross operating margin +€64,326
up €64,326, from -€422 to €63,905
- Taxes +€16,223
new in 2025: €16,223
- Depreciation +€1,256
up €1,256 (+18,100%), from €7 to €1,263
- Other operating charges +€642
up €642 (+1,285%), from €50 to €692
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 | €2,616 | €56,019 | +€53,403 | +2,041% |
| Formation expenses | 20 | €1,404 | €1,122 | -€282 | -20.1% |
| Fixed assets | 21/28 | - | €2,920 | +€2,920 | |
| Tangible fixed assets | 22/27 | - | €2,920 | +€2,920 | |
| Furniture and vehicles | 24 | - | €2,920 | +€2,920 | |
| Current assets | 29/58 | €1,212 | €51,977 | +€50,765 | +4,187% |
| Amounts receivable within one year | 40/41 | €212 | - | -€212 | |
| Other amounts receivable | 41 | €212 | - | -€212 | |
| Cash at bank and in hand | 54/58 | €1,000 | €51,977 | +€50,977 | +5,098% |
| Total equity and liabilities | 10/49 | €2,616 | €56,019 | +€53,403 | +2,041% |
| Equity | 10/15 | €521 | €45,414 | +€44,893 | +8,614% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €44,414 | +€44,414 | |
| Distributable reserves | 133 | - | €44,414 | +€44,414 | |
| Profit (loss) carried forward | 14 | -€479 | - | +€479 | |
| Amounts payable | 17/49 | €2,095 | €10,605 | +€8,510 | +406% |
| Amounts payable within one year | 42/48 | €1,945 | €10,355 | +€8,410 | +432% |
| Trade debts | 44 | €1,945 | €404 | -€1,542 | -79.3% |
| Suppliers | 440/4 | €1,945 | €404 | -€1,542 | -79.3% |
| Taxes, remuneration and social security | 45 | - | €7,093 | +€7,093 | |
| Taxes | 450/3 | - | €7,093 | +€7,093 | |
| Other amounts payable | 47/48 | - | €2,858 | +€2,858 | |
| Accrued charges and deferred income | 492/3 | €150 | €250 | +€100 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €1,263 | +€1,256 | +18,100% |
| Other operating charges | 640/8 | €50 | €692 | +€642 | +1,285% |
| Gross operating margin | 9900 | -€422 | €63,905 | +€64,326 | |
| Operating profit (loss) | 9901 | -€479 | €61,949 | +€62,428 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€479 | €61,949 | +€62,428 | |
| Income taxes | 67/77 | - | €16,223 | +€16,223 | |
| Profit (loss) for the period | 9904 | -€479 | €45,726 | +€46,205 | |
| Profit (loss) for the period to be appropriated | 9905 | -€479 | €45,726 | +€46,205 |
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 30 October 2026 via checked.be.