JEF HAEVERANS: 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 HAEVERANS
Largest movements
- Financial fixed assets +€201,372
up €201,372 (+283%), from €71,183 to €272,555
- Receivables within one year -€150,730
down €150,730 (-45.5%), from €331,130 to €180,400
of which Other amounts receivable: -€146,983
- Cash +€130,014
up €130,014 (+419%), from €31,046 to €161,060
mainly Receivables within one year (+€150,730) and Other debts (+€120,516)
- Tangible fixed assets -€21,815
down €21,815 (-39.3%), from €55,574 to €33,759
of which Furniture and vehicles: -€19,049
- Other debts +€120,516
up €120,516 (+219%), from €55,085 to €175,601
- Debts after one year +€114,056
up €114,056 (+406%), from €28,084 to €142,139
of which Other amounts payable: +€62,843
- Reserves -€90,443
down €90,443 (-26.1%), from €346,056 to €255,613
- Short-term financial debts +€62,836
new in 2025: €62,836
- Profit (loss) carried forward -€51,237
new in 2025: -€51,237
- Financial charges +€125,114
up €125,114 (+2,377%), from €5,263 to €130,376
of which Financial charges: +€75,115
- Financial income +€21,510
up €21,510 (+229%), from €9,407 to €30,917
- Taxes -€10,968
down €10,968 (-97.3%), from €11,268 to €301
- Gross operating margin +€7,930
up €7,930 (+12.5%), from €63,219 to €71,150
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 | €494,092 | €654,728 | +€160,636 | +32.5% |
| Fixed assets | 21/28 | €126,757 | €306,314 | +€179,557 | +142% |
| Tangible fixed assets | 22/27 | €55,574 | €33,759 | -€21,815 | -39.3% |
| Furniture and vehicles | 24 | €39,567 | €20,518 | -€19,049 | -48.1% |
| Other tangible fixed assets | 26 | €16,007 | €13,241 | -€2,766 | -17.3% |
| Financial fixed assets | 28 | €71,183 | €272,555 | +€201,372 | +283% |
| Current assets | 29/58 | €367,335 | €348,414 | -€18,921 | -5.2% |
| Amounts receivable within one year | 40/41 | €331,130 | €180,400 | -€150,730 | -45.5% |
| Trade receivables | 40 | €16,732 | €12,985 | -€3,747 | -22.4% |
| Other amounts receivable | 41 | €314,398 | €167,415 | -€146,983 | -46.8% |
| Cash at bank and in hand | 54/58 | €31,046 | €161,060 | +€130,014 | +419% |
| Deferred charges and accrued income | 490/1 | €5,158 | €6,953 | +€1,795 | +34.8% |
| Total equity and liabilities | 10/49 | €494,092 | €654,728 | +€160,636 | +32.5% |
| Equity | 10/15 | €352,262 | €210,581 | -€141,680 | -40.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €346,056 | €255,613 | -€90,443 | -26.1% |
| Distributable reserves | 133 | €346,056 | €255,613 | -€90,443 | -26.1% |
| Profit (loss) carried forward | 14 | - | -€51,237 | -€51,237 | |
| Amounts payable | 17/49 | €141,830 | €444,146 | +€302,316 | +213% |
| Amounts payable after more than one year | 17 | €28,084 | €142,139 | +€114,056 | +406% |
| Financial debts | 170/4 | €28,084 | €79,296 | +€51,213 | +182% |
| Other amounts payable | 178/9 | - | €62,843 | +€62,843 | |
| Amounts payable within one year | 42/48 | €109,519 | €297,306 | +€187,786 | +171% |
| Current portion of amounts payable after more than one year | 42 | €41,267 | €45,173 | +€3,906 | +9.5% |
| Financial debts | 43 | - | €62,836 | +€62,836 | |
| Other loans | 439 | - | €62,836 | +€62,836 | |
| Trade debts | 44 | €4,696 | €1,726 | -€2,970 | -63.2% |
| Suppliers | 440/4 | €4,696 | €1,726 | -€2,970 | -63.2% |
| Taxes, remuneration and social security | 45 | €8,471 | €11,970 | +€3,499 | +41.3% |
| Taxes | 450/3 | €8,471 | €7,417 | -€1,054 | -12.4% |
| Remuneration and social security | 454/9 | - | €4,553 | +€4,553 | |
| Other amounts payable | 47/48 | €55,085 | €175,601 | +€120,516 | +219% |
| Accrued charges and deferred income | 492/3 | €4,227 | €4,701 | +€474 | +11.2% |
| Non-recurring operating income | 76A | €2,231 | - | -€2,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,368 | €21,815 | -€553 | -2.5% |
| Other operating charges | 640/8 | €878 | €811 | -€67 | -7.6% |
| Gross operating margin | 9900 | €63,219 | €71,150 | +€7,930 | +12.5% |
| Operating profit (loss) | 9901 | €39,974 | €48,523 | +€8,550 | +21.4% |
| Financial income | 75/76B | €9,407 | €30,917 | +€21,510 | +229% |
| Recurring financial income | 75 | €9,407 | €30,917 | +€21,510 | +229% |
| Financial charges | 65/66B | €5,263 | €130,376 | +€125,114 | +2,377% |
| Recurring financial charges | 65 | €5,263 | €80,377 | +€75,115 | +1,427% |
| Non-recurring financial charges | 66B | - | €49,999 | +€49,999 | |
| Profit (loss) for the period before taxes | 9903 | €44,117 | -€50,937 | -€95,054 | |
| Income taxes | 67/77 | €11,268 | €301 | -€10,968 | -97.3% |
| Profit (loss) for the period | 9904 | €32,849 | -€51,237 | -€84,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,849 | -€51,237 | -€84,086 |
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 16 October 2026 via checked.be.