JEF GARDEYN: 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 GARDEYN
Largest movements
- Cash +€19,467
up €19,467 (+26.0%), from €74,847 to €94,314
mainly Net result for the year (+€21,852) and Depreciation (+€9,175)
- Profit (loss) carried forward +€21,852
up €21,852 (+37.8%), from €57,832 to €79,684
- Tax, wage and social debts -€3,229
down €3,229 (-28.0%), from €11,520 to €8,291
of which Taxes: -€2,293
- Other debts +€1,885
up €1,885 (+164%), from €1,146 to €3,031
- Depreciation +€6,827
up €6,827 (+291%), from €2,348 to €9,175
- Gross operating margin -€6,679
down €6,679 (-14.7%), from €45,549 to €38,870
- Taxes -€1,932
down €1,932 (-21.1%), from €9,139 to €7,207
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 | €109,976 | €129,660 | +€19,684 | +17.9% |
| Fixed assets | 21/28 | €34,096 | €34,313 | +€217 | +0.6% |
| Tangible fixed assets | 22/27 | €34,096 | €34,313 | +€217 | +0.6% |
| Plant, machinery and equipment | 23 | €766 | - | -€766 | |
| Furniture and vehicles | 24 | €33,330 | €34,313 | +€983 | +2.9% |
| Current assets | 29/58 | €75,880 | €95,347 | +€19,467 | +25.7% |
| Cash at bank and in hand | 54/58 | €74,847 | €94,314 | +€19,467 | +26.0% |
| Deferred charges and accrued income | 490/1 | €1,033 | €1,033 | = | 0.0% |
| Total equity and liabilities | 10/49 | €109,976 | €129,660 | +€19,684 | +17.9% |
| Equity | 10/15 | €93,832 | €115,684 | +€21,852 | +23.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,832 | €79,684 | +€21,852 | +37.8% |
| Amounts payable | 17/49 | €16,144 | €13,976 | -€2,168 | -13.4% |
| Amounts payable within one year | 42/48 | €16,144 | €13,976 | -€2,168 | -13.4% |
| Trade debts | 44 | €3,478 | €2,654 | -€824 | -23.7% |
| Suppliers | 440/4 | €3,478 | €2,654 | -€824 | -23.7% |
| Taxes, remuneration and social security | 45 | €11,520 | €8,291 | -€3,229 | -28.0% |
| Taxes | 450/3 | €9,384 | €7,091 | -€2,293 | -24.4% |
| Remuneration and social security | 454/9 | €2,136 | €1,200 | -€936 | -43.8% |
| Other amounts payable | 47/48 | €1,146 | €3,031 | +€1,885 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,348 | €9,175 | +€6,827 | +291% |
| Other operating charges | 640/8 | €298 | €173 | -€125 | -41.9% |
| Gross operating margin | 9900 | €45,549 | €38,870 | -€6,679 | -14.7% |
| Operating profit (loss) | 9901 | €42,903 | €29,522 | -€13,381 | -31.2% |
| Financial income | 75/76B | €55 | €143 | +€88 | +160% |
| Recurring financial income | 75 | €55 | €143 | +€88 | +160% |
| Financial charges | 65/66B | €237 | €606 | +€369 | +156% |
| Recurring financial charges | 65 | €237 | €606 | +€369 | +156% |
| Profit (loss) for the period before taxes | 9903 | €42,721 | €29,059 | -€13,662 | -32.0% |
| Income taxes | 67/77 | €9,139 | €7,207 | -€1,932 | -21.1% |
| Profit (loss) for the period | 9904 | €33,582 | €21,852 | -€11,730 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,582 | €21,852 | -€11,730 | -34.9% |
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 15 October 2026 via checked.be.