JEF LOCUS: what changed
Two fiscal 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 LOCUS
Largest movements
- Cash -€17,564
down €17,564 (-84.2%), from €20,863 to €3,299
mainly Net result for the year (-€7,119) and Trade debts (-€5,999)
- Receivables within one year +€3,465
up €3,465 (+89.7%), from €3,862 to €7,327
- Deferred charges and accrued income +€981
up €981 (+8.9%), from €11,083 to €12,064
- Profit (loss) carried forward -€7,119
down €7,119 (-167.1%), from -€4,260 to -€11,379
- Trade debts -€5,999
down €5,999 (-71.9%), from €8,347 to €2,348
- Gross operating margin -€19,421
down €19,421, from €14,325 to -€5,096
- Other operating charges -€406
down €406 (-22.6%), from €1,797 to €1,391
- Financial charges -€378
down €378 (-37.4%), from €1,010 to €632
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 | €36,419 | €23,301 | -€13,118 | -36.0% |
| Fixed assets | 21/28 | €116 | €116 | = | 0.0% |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €36,303 | €23,185 | -€13,118 | -36.1% |
| Stocks and contracts in progress | 3 | €455 | €455 | = | 0.0% |
| Stocks | 30/36 | €455 | €455 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,862 | €7,327 | +€3,465 | +89.7% |
| Trade receivables | 40 | €3,862 | €7,327 | +€3,465 | +89.7% |
| Current investments | 50/53 | €40 | €40 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,863 | €3,299 | -€17,564 | -84.2% |
| Deferred charges and accrued income | 490/1 | €11,083 | €12,064 | +€981 | +8.9% |
| Total equity and liabilities | 10/49 | €36,419 | €23,301 | -€13,118 | -36.0% |
| Equity | 10/15 | €28,072 | €20,953 | -€7,119 | -25.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,740 | €13,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,881 | €11,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,260 | -€11,379 | -€7,119 | -167.1% |
| Amounts payable | 17/49 | €8,347 | €2,348 | -€5,999 | -71.9% |
| Amounts payable within one year | 42/48 | €8,347 | €2,348 | -€5,999 | -71.9% |
| Trade debts | 44 | €8,347 | €2,348 | -€5,999 | -71.9% |
| Suppliers | 440/4 | €8,347 | €2,348 | -€5,999 | -71.9% |
| Other operating charges | 640/8 | €1,797 | €1,391 | -€406 | -22.6% |
| Gross operating margin | 9900 | €14,325 | -€5,096 | -€19,421 | |
| Operating profit (loss) | 9901 | €12,528 | -€6,487 | -€19,015 | |
| Financial charges | 65/66B | €1,010 | €632 | -€378 | -37.4% |
| Recurring financial charges | 65 | €1,010 | €632 | -€378 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €11,518 | -€7,119 | -€18,637 | |
| Profit (loss) for the period | 9904 | €11,518 | -€7,119 | -€18,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,518 | -€7,119 | -€18,637 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.