JEF VERLINDEN: 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 VERLINDEN
Largest movements
- Receivables within one year -€24,182
down €24,182 (-39.4%), from €61,372 to €37,190
of which Other amounts receivable: -€14,249
- Tangible fixed assets -€7,500
down €7,500 (-6.7%), from €111,537 to €104,036
of which Land and buildings: -€5,209
- Current portion of long-term debt -€16,774
no longer reported in 2025 (was €16,774)
- Profit (loss) carried forward -€11,622
down €11,622 (-23.6%), from €49,261 to €37,639
- Debts after one year -€2,523
no longer reported in 2025 (was €2,523)
- Gross operating margin -€32,807
down €32,807, from €29,959 to -€2,848
- Other operating charges -€14,704
down €14,704 (-96.4%), from €15,248 to €544
- Taxes -€9,663
no longer reported in 2025 (was €9,663)
- Financial charges -€2,349
down €2,349 (-76.3%), from €3,079 to €730
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 | €173,159 | €141,476 | -€31,683 | -18.3% |
| Fixed assets | 21/28 | €111,787 | €104,286 | -€7,500 | -6.7% |
| Tangible fixed assets | 22/27 | €111,537 | €104,036 | -€7,500 | -6.7% |
| Land and buildings | 22 | €109,033 | €103,824 | -€5,209 | -4.8% |
| Plant, machinery and equipment | 23 | €890 | €212 | -€677 | -76.2% |
| Furniture and vehicles | 24 | €1,614 | €0 | -€1,614 | -100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €61,372 | €37,190 | -€24,182 | -39.4% |
| Amounts receivable within one year | 40/41 | €61,372 | €37,190 | -€24,182 | -39.4% |
| Trade receivables | 40 | €10,000 | €67 | -€9,933 | -99.3% |
| Other amounts receivable | 41 | €51,372 | €37,124 | -€14,249 | -27.7% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €173,159 | €141,476 | -€31,683 | -18.3% |
| Equity | 10/15 | €152,719 | €141,097 | -€11,622 | -7.6% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €95,403 | €95,403 | = | 0.0% |
| Distributable reserves | 133 | €95,403 | €95,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,261 | €37,639 | -€11,622 | -23.6% |
| Amounts payable | 17/49 | €20,440 | €379 | -€20,061 | -98.1% |
| Amounts payable after more than one year | 17 | €2,523 | - | -€2,523 | |
| Financial debts | 170/4 | €2,523 | - | -€2,523 | |
| Amounts payable within one year | 42/48 | €17,917 | €379 | -€17,538 | -97.9% |
| Current portion of amounts payable after more than one year | 42 | €16,774 | - | -€16,774 | |
| Financial debts | 43 | €750 | - | -€750 | |
| Credit institutions | 430/8 | €750 | - | -€750 | |
| Trade debts | 44 | €369 | €379 | +€10 | +2.8% |
| Suppliers | 440/4 | €369 | €379 | +€10 | +2.8% |
| Taxes, remuneration and social security | 45 | €25 | - | -€25 | |
| Taxes | 450/3 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,728 | €7,500 | -€227 | -2.9% |
| Other operating charges | 640/8 | €15,248 | €544 | -€14,704 | -96.4% |
| Non-recurring operating charges | 66A | €1,001 | - | -€1,001 | |
| Gross operating margin | 9900 | €29,959 | -€2,848 | -€32,807 | |
| Operating profit (loss) | 9901 | €5,982 | -€10,892 | -€16,874 | |
| Financial charges | 65/66B | €3,079 | €730 | -€2,349 | -76.3% |
| Recurring financial charges | 65 | €3,079 | €730 | -€2,349 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €2,903 | -€11,622 | -€14,525 | |
| Income taxes | 67/77 | €9,663 | - | -€9,663 | |
| Profit (loss) for the period | 9904 | -€6,760 | -€11,622 | -€4,862 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,760 | -€11,622 | -€4,862 | -71.9% |
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 29 October 2026 via checked.be.