JEFAR IMMO: 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.
JEFAR IMMO
Largest movements
- Tangible fixed assets -€63,193
down €63,193 (-6.4%), from €993,734 to €930,541
- Cash -€27,973
down €27,973 (-42.4%), from €66,006 to €38,033
mainly Debts after one year (-€81,755) and Trade debts (-€56,309)
- Debts after one year -€81,755
down €81,755 (-11.3%), from €725,735 to €643,981
- Trade debts -€56,309
down €56,309 (-61.1%), from €92,097 to €35,788
- Profit (loss) carried forward +€30,044
up €30,044 (+33.1%), from €90,664 to €120,708
- Depreciation +€3,954
up €3,954 (+6.7%), from €59,270 to €63,223
- Gross operating margin +€3,512
up €3,512 (+2.7%), from €128,097 to €131,609
- Financial charges -€2,097
down €2,097 (-9.2%), from €22,720 to €20,622
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,086,706 | €990,520 | -€96,186 | -8.9% |
| Fixed assets | 21/28 | €993,734 | €930,541 | -€63,193 | -6.4% |
| Tangible fixed assets | 22/27 | €993,734 | €930,541 | -€63,193 | -6.4% |
| Other tangible fixed assets | 26 | €993,734 | €930,541 | -€63,193 | -6.4% |
| Current assets | 29/58 | €92,972 | €59,978 | -€32,993 | -35.5% |
| Amounts receivable within one year | 40/41 | €22,935 | €21,410 | -€1,525 | -6.7% |
| Trade receivables | 40 | €21,994 | €21,410 | -€584 | -2.7% |
| Other amounts receivable | 41 | €942 | - | -€942 | |
| Cash at bank and in hand | 54/58 | €66,006 | €38,033 | -€27,973 | -42.4% |
| Deferred charges and accrued income | 490/1 | €4,030 | €536 | -€3,495 | -86.7% |
| Total equity and liabilities | 10/49 | €1,086,706 | €990,520 | -€96,186 | -8.9% |
| Equity | 10/15 | €174,403 | €202,387 | +€27,983 | +16.0% |
| Contributions | 10/11 | €62,450 | €62,450 | = | 0.0% |
| Capital | 10 | €62,450 | €62,450 | = | 0.0% |
| Issued capital | 100 | €62,450 | €62,450 | = | 0.0% |
| Reserves | 13 | €4,773 | €4,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,773 | €4,773 | = | 0.0% |
| Legal reserve | 130 | €4,773 | €4,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,664 | €120,708 | +€30,044 | +33.1% |
| Investment grants | 15 | €16,517 | €14,456 | -€2,061 | -12.5% |
| Amounts payable | 17/49 | €912,303 | €788,133 | -€124,170 | -13.6% |
| Amounts payable after more than one year | 17 | €725,735 | €643,981 | -€81,755 | -11.3% |
| Financial debts | 170/4 | €725,735 | €643,981 | -€81,755 | -11.3% |
| Amounts payable within one year | 42/48 | €184,708 | €142,466 | -€42,243 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €76,667 | €81,755 | +€5,088 | +6.6% |
| Trade debts | 44 | €92,097 | €35,788 | -€56,309 | -61.1% |
| Suppliers | 440/4 | €92,097 | €35,788 | -€56,309 | -61.1% |
| Taxes, remuneration and social security | 45 | €9,945 | €18,923 | +€8,978 | +90.3% |
| Taxes | 450/3 | €9,945 | €18,923 | +€8,978 | +90.3% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,859 | €1,687 | -€172 | -9.2% |
| Non-recurring operating income | 76A | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,270 | €63,223 | +€3,954 | +6.7% |
| Other operating charges | 640/8 | €10,663 | €10,801 | +€139 | +1.3% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €128,097 | €131,609 | +€3,512 | +2.7% |
| Operating profit (loss) | 9901 | €56,664 | €57,584 | +€920 | +1.6% |
| Financial income | 75/76B | €2,061 | €2,061 | = | 0.0% |
| Recurring financial income | 75 | €2,061 | €2,061 | = | 0.0% |
| Financial charges | 65/66B | €22,720 | €20,622 | -€2,097 | -9.2% |
| Recurring financial charges | 65 | €22,720 | €20,622 | -€2,097 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €36,005 | €39,022 | +€3,017 | +8.4% |
| Income taxes | 67/77 | €8,701 | €8,978 | +€277 | +3.2% |
| Profit (loss) for the period | 9904 | €27,304 | €30,044 | +€2,740 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,304 | €30,044 | +€2,740 | +10.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.