JEFF: 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.
JEFF
Largest movements
- Tangible fixed assets -€6,321
down €6,321 (-5.6%), from €113,659 to €107,338
- Cash -€2,251
down €2,251 (-35.2%), from €6,393 to €4,143
mainly Net result for the year (-€6,605) and Receivables within one year (-€1,760)
- Receivables within one year +€1,760
up €1,760 (+5.0%), from €35,409 to €37,170
- Profit (loss) carried forward -€6,605
down €6,605 (-5.6%), from -€118,297 to -€124,903
- Financial income -€118
down €118 (-5.6%), from €2,085 to €1,967
- Financial charges -€18
down €18 (-10.5%), from €171 to €153
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 | €155,462 | €148,650 | -€6,811 | -4.4% |
| Fixed assets | 21/28 | €113,659 | €107,338 | -€6,321 | -5.6% |
| Tangible fixed assets | 22/27 | €113,659 | €107,338 | -€6,321 | -5.6% |
| Land and buildings | 22 | €113,659 | €107,338 | -€6,321 | -5.6% |
| Current assets | 29/58 | €41,802 | €41,312 | -€490 | -1.2% |
| Amounts receivable within one year | 40/41 | €35,409 | €37,170 | +€1,760 | +5.0% |
| Other amounts receivable | 41 | €35,409 | €37,170 | +€1,760 | +5.0% |
| Cash at bank and in hand | 54/58 | €6,393 | €4,143 | -€2,251 | -35.2% |
| Total equity and liabilities | 10/49 | €155,462 | €148,650 | -€6,811 | -4.4% |
| Equity | 10/15 | €155,256 | €148,650 | -€6,605 | -4.3% |
| Contributions | 10/11 | €272,262 | €272,262 | = | 0.0% |
| Capital | 10 | €272,262 | €272,262 | = | 0.0% |
| Issued capital | 100 | €272,262 | €272,262 | = | 0.0% |
| Reserves | 13 | €1,291 | €1,291 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,291 | €1,291 | = | 0.0% |
| Legal reserve | 130 | €1,291 | €1,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,297 | -€124,903 | -€6,605 | -5.6% |
| Amounts payable | 17/49 | €206 | - | -€206 | |
| Amounts payable within one year | 42/48 | €206 | - | -€206 | |
| Trade debts | 44 | €206 | - | -€206 | |
| Suppliers | 440/4 | €206 | - | -€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,321 | €6,321 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,568 | -€1,578 | -€11 | -0.7% |
| Operating profit (loss) | 9901 | -€8,394 | -€8,419 | -€25 | -0.3% |
| Financial income | 75/76B | €2,085 | €1,967 | -€118 | -5.6% |
| Recurring financial income | 75 | €2,085 | €1,967 | -€118 | -5.6% |
| Financial charges | 65/66B | €171 | €153 | -€18 | -10.5% |
| Recurring financial charges | 65 | €171 | €153 | -€18 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,480 | -€6,605 | -€125 | -1.9% |
| Income taxes | 67/77 | €1 | €0 | -€0 | -87.5% |
| Profit (loss) for the period | 9904 | -€6,481 | -€6,605 | -€124 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,481 | -€6,605 | -€124 | -1.9% |
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 5 October 2026 via checked.be.