Jef Meyer: 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 Meyer
Largest movements
- Cash -€86,803
down €86,803 (-66.8%), from €129,872 to €43,069
mainly Trade debts (-€28,343) and Debts after one year (-€22,768)
- Tangible fixed assets +€10,743
up €10,743 (+2.3%), from €475,146 to €485,888
of which Land and buildings: +€11,305
- Receivables within one year -€9,263
down €9,263 (-86.7%), from €10,680 to €1,417
of which Trade receivables: -€6,900
- Deferred charges and accrued income +€6,500
new in 2025: €6,500
- Trade debts -€28,343
down €28,343 (-96.1%), from €29,490 to €1,148
- Debts after one year -€22,768
down €22,768 (-4.6%), from €498,239 to €475,471
- Profit (loss) carried forward -€11,806
down €11,806, from €3,721 to -€8,085
- Other debts -€11,665
down €11,665 (-56.1%), from €20,778 to €9,113
- Gross operating margin -€24,450
down €24,450 (-78.9%), from €30,971 to €6,520
- Taxes -€1,215
down €1,215 (-99.7%), from €1,219 to €3
- Depreciation -€1,024
down €1,024 (-12.4%), from €8,252 to €7,228
- Financial charges -€489
down €489 (-5.7%), from €8,622 to €8,133
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 | €615,697 | €536,875 | -€78,823 | -12.8% |
| Fixed assets | 21/28 | €475,146 | €485,888 | +€10,743 | +2.3% |
| Tangible fixed assets | 22/27 | €475,146 | €485,888 | +€10,743 | +2.3% |
| Land and buildings | 22 | €472,088 | €483,393 | +€11,305 | +2.4% |
| Plant, machinery and equipment | 23 | €977 | €736 | -€240 | -24.6% |
| Furniture and vehicles | 24 | €1,781 | €1,459 | -€321 | -18.0% |
| Other tangible fixed assets | 26 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €140,552 | €50,986 | -€89,566 | -63.7% |
| Amounts receivable within one year | 40/41 | €10,680 | €1,417 | -€9,263 | -86.7% |
| Trade receivables | 40 | €6,900 | - | -€6,900 | |
| Other amounts receivable | 41 | €3,780 | €1,417 | -€2,363 | -62.5% |
| Cash at bank and in hand | 54/58 | €129,872 | €43,069 | -€86,803 | -66.8% |
| Deferred charges and accrued income | 490/1 | - | €6,500 | +€6,500 | |
| Total equity and liabilities | 10/49 | €615,697 | €536,875 | -€78,823 | -12.8% |
| Equity | 10/15 | €40,181 | €28,375 | -€11,806 | -29.4% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €34,600 | €34,600 | = | 0.0% |
| Distributable reserves | 133 | €34,600 | €34,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,721 | -€8,085 | -€11,806 | |
| Amounts payable | 17/49 | €575,516 | €508,499 | -€67,017 | -11.6% |
| Amounts payable after more than one year | 17 | €498,239 | €475,471 | -€22,768 | -4.6% |
| Financial debts | 170/4 | €498,239 | €475,471 | -€22,768 | -4.6% |
| Amounts payable within one year | 42/48 | €77,277 | €33,029 | -€44,249 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €22,390 | €22,768 | +€379 | +1.7% |
| Trade debts | 44 | €29,490 | €1,148 | -€28,343 | -96.1% |
| Suppliers | 440/4 | €29,490 | €1,148 | -€28,343 | -96.1% |
| Taxes, remuneration and social security | 45 | €4,619 | - | -€4,619 | |
| Remuneration and social security | 454/9 | €4,619 | - | -€4,619 | |
| Other amounts payable | 47/48 | €20,778 | €9,113 | -€11,665 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,252 | €7,228 | -€1,024 | -12.4% |
| Other operating charges | 640/8 | €3,215 | €2,962 | -€253 | -7.9% |
| Non-recurring operating charges | 66A | €5,600 | - | -€5,600 | |
| Gross operating margin | 9900 | €30,971 | €6,520 | -€24,450 | -78.9% |
| Operating profit (loss) | 9901 | €13,904 | -€3,669 | -€17,573 | |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €8,622 | €8,133 | -€489 | -5.7% |
| Recurring financial charges | 65 | €8,622 | €8,133 | -€489 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €5,356 | -€11,803 | -€17,159 | |
| Income taxes | 67/77 | €1,219 | €3 | -€1,215 | -99.7% |
| Profit (loss) for the period | 9904 | €4,137 | -€11,806 | -€15,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,137 | -€11,806 | -€15,943 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.