JEF REMIJSEN: 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 REMIJSEN
Largest movements
- Tangible fixed assets -€34,638
down €34,638 (-27.5%), from €125,827 to €91,189
of which Furniture and vehicles: -€37,109
- Cash +€21,248
up €21,248 (+4.3%), from €493,229 to €514,477
mainly Depreciation (+€45,273) and Trade debts (+€31,393)
- Stocks and contracts +€15,474
up €15,474 (+12.4%), from €124,380 to €139,854
- Receivables within one year -€9,698
down €9,698 (-10.3%), from €94,585 to €84,887
of which Trade receivables: -€33,452
- Trade debts +€31,393
up €31,393 (+83.4%), from €37,647 to €69,040
- Tax, wage and social debts -€20,188
down €20,188 (-38.2%), from €52,818 to €32,630
of which Taxes: -€45,646
- Reserves -€13,143
down €13,143 (-2.4%), from €538,696 to €525,553
of which Distributable reserves: -€13,143
- Gross operating margin -€192,774
down €192,774 (-27.1%), from €711,232 to €518,458
- Taxes -€48,270
down €48,270 (-78.5%), from €61,468 to €13,198
- Write-downs -€18,129
down €18,129, from €13,531 to -€4,598
- Staff costs -€8,513
down €8,513 (-1.9%), from €456,391 to €447,878
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 | €838,021 | €830,407 | -€7,614 | -0.9% |
| Fixed assets | 21/28 | €125,827 | €91,189 | -€34,638 | -27.5% |
| Tangible fixed assets | 22/27 | €125,827 | €91,189 | -€34,638 | -27.5% |
| Land and buildings | 22 | €9,607 | €8,578 | -€1,029 | -10.7% |
| Plant, machinery and equipment | 23 | €19,494 | €22,994 | +€3,500 | +18.0% |
| Furniture and vehicles | 24 | €96,726 | €59,617 | -€37,109 | -38.4% |
| Current assets | 29/58 | €712,194 | €739,218 | +€27,024 | +3.8% |
| Stocks and contracts in progress | 3 | €124,380 | €139,854 | +€15,474 | +12.4% |
| Stocks | 30/36 | €124,380 | €139,854 | +€15,474 | +12.4% |
| Amounts receivable within one year | 40/41 | €94,585 | €84,887 | -€9,698 | -10.3% |
| Trade receivables | 40 | €94,585 | €61,133 | -€33,452 | -35.4% |
| Other amounts receivable | 41 | - | €23,754 | +€23,754 | |
| Cash at bank and in hand | 54/58 | €493,229 | €514,477 | +€21,248 | +4.3% |
| Total equity and liabilities | 10/49 | €838,021 | €830,407 | -€7,614 | -0.9% |
| Equity | 10/15 | €738,760 | €728,737 | -€10,023 | -1.4% |
| Contributions | 10/11 | €17,907 | €17,907 | = | 0.0% |
| Reserves | 13 | €538,696 | €525,553 | -€13,143 | -2.4% |
| Tax-exempt reserves | 132 | €16,482 | €16,482 | = | 0.0% |
| Distributable reserves | 133 | €522,214 | €509,071 | -€13,143 | -2.5% |
| Profit (loss) carried forward | 14 | €182,157 | €185,277 | +€3,120 | +1.7% |
| Amounts payable | 17/49 | €99,261 | €101,670 | +€2,409 | +2.4% |
| Amounts payable within one year | 42/48 | €99,261 | €101,670 | +€2,409 | +2.4% |
| Trade debts | 44 | €37,647 | €69,040 | +€31,393 | +83.4% |
| Suppliers | 440/4 | €37,647 | €69,040 | +€31,393 | +83.4% |
| Advances received on contracts in progress | 46 | €3,732 | - | -€3,732 | |
| Taxes, remuneration and social security | 45 | €52,818 | €32,630 | -€20,188 | -38.2% |
| Taxes | 450/3 | €46,992 | €1,346 | -€45,646 | -97.1% |
| Remuneration and social security | 454/9 | €5,826 | €31,284 | +€25,458 | +437% |
| Other amounts payable | 47/48 | €5,064 | - | -€5,064 | |
| Non-recurring operating income | 76A | - | €1,587 | +€1,587 | |
| Remuneration, social security and pensions | 62 | €456,391 | €447,878 | -€8,513 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,027 | €45,273 | +€4,246 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,531 | -€4,598 | -€18,129 | |
| Other operating charges | 640/8 | €8,403 | €10,882 | +€2,479 | +29.5% |
| Gross operating margin | 9900 | €711,232 | €518,458 | -€192,774 | -27.1% |
| Operating profit (loss) | 9901 | €191,880 | €19,023 | -€172,857 | -90.1% |
| Financial income | 75/76B | €11,333 | €15,149 | +€3,816 | +33.7% |
| Recurring financial income | 75 | €11,333 | €15,149 | +€3,816 | +33.7% |
| Financial charges | 65/66B | €2,408 | €2,854 | +€446 | +18.5% |
| Recurring financial charges | 65 | €2,408 | €2,854 | +€446 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €200,805 | €31,318 | -€169,487 | -84.4% |
| Income taxes | 67/77 | €61,468 | €13,198 | -€48,270 | -78.5% |
| Profit (loss) for the period | 9904 | €139,337 | €18,120 | -€121,217 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,337 | €18,120 | -€121,217 | -87.0% |
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.