JEFF DECO: 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.
JEFF DECO
Largest movements
- Cash -€38,797
down €38,797 (-91.6%), from €42,365 to €3,568
mainly Investment in fixed assets (net) (-€19,139) and Net result for the year (-€10,350)
- Receivables within one year +€7,316
up €7,316 (+15.9%), from €46,020 to €53,336
of which Other amounts receivable: +€7,571
- Deferred charges and accrued income +€6,038
up €6,038 (+34.9%), from €17,320 to €23,359
- Tangible fixed assets +€5,372
up €5,372 (+12.2%), from €43,945 to €49,317
of which Land and buildings: +€7,442
- Profit (loss) carried forward -€10,350
down €10,350 (-31.2%), from €33,189 to €22,839
- Debts after one year -€9,215
down €9,215 (-15.5%), from €59,283 to €50,068
- Tax, wage and social debts -€2,952
down €2,952 (-11.8%), from €25,063 to €22,112
of which Taxes: -€3,059
- Other debts +€2,644
up €2,644 (+296%), from €892 to €3,536
- Gross operating margin -€30,422
down €30,422 (-10.5%), from €289,692 to €259,270
- Taxes -€4,229
down €4,229 (-95.9%), from €4,411 to €182
- Depreciation -€4,196
down €4,196 (-23.4%), from €17,963 to €13,766
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 | €150,570 | €130,500 | -€20,070 | -13.3% |
| Fixed assets | 21/28 | €44,865 | €50,237 | +€5,372 | +12.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €43,945 | €49,317 | +€5,372 | +12.2% |
| Land and buildings | 22 | €11,082 | €18,524 | +€7,442 | +67.2% |
| Plant, machinery and equipment | 23 | €3,659 | €2,304 | -€1,355 | -37.0% |
| Furniture and vehicles | 24 | €29,203 | €28,489 | -€714 | -2.4% |
| Financial fixed assets | 28 | €920 | €920 | = | 0.0% |
| Current assets | 29/58 | €105,705 | €80,263 | -€25,442 | -24.1% |
| Amounts receivable within one year | 40/41 | €46,020 | €53,336 | +€7,316 | +15.9% |
| Trade receivables | 40 | €43,459 | €43,204 | -€255 | -0.6% |
| Other amounts receivable | 41 | €2,561 | €10,132 | +€7,571 | +296% |
| Cash at bank and in hand | 54/58 | €42,365 | €3,568 | -€38,797 | -91.6% |
| Deferred charges and accrued income | 490/1 | €17,320 | €23,359 | +€6,038 | +34.9% |
| Total equity and liabilities | 10/49 | €150,570 | €130,500 | -€20,070 | -13.3% |
| Equity | 10/15 | €53,649 | €43,299 | -€10,350 | -19.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,189 | €22,839 | -€10,350 | -31.2% |
| Amounts payable | 17/49 | €96,921 | €87,201 | -€9,720 | -10.0% |
| Amounts payable after more than one year | 17 | €59,283 | €50,068 | -€9,215 | -15.5% |
| Financial debts | 170/4 | €59,283 | €50,068 | -€9,215 | -15.5% |
| Amounts payable within one year | 42/48 | €37,638 | €37,133 | -€504 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,132 | €5,325 | +€194 | +3.8% |
| Trade debts | 44 | €6,551 | €6,161 | -€390 | -6.0% |
| Suppliers | 440/4 | €6,551 | €6,161 | -€390 | -6.0% |
| Taxes, remuneration and social security | 45 | €25,063 | €22,112 | -€2,952 | -11.8% |
| Taxes | 450/3 | €11,034 | €7,975 | -€3,059 | -27.7% |
| Remuneration and social security | 454/9 | €14,030 | €14,137 | +€107 | +0.8% |
| Other amounts payable | 47/48 | €892 | €3,536 | +€2,644 | +296% |
| Remuneration, social security and pensions | 62 | €249,593 | €251,629 | +€2,036 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,963 | €13,766 | -€4,196 | -23.4% |
| Other operating charges | 640/8 | €3,668 | €3,076 | -€592 | -16.1% |
| Gross operating margin | 9900 | €289,692 | €259,270 | -€30,422 | -10.5% |
| Operating profit (loss) | 9901 | €18,469 | -€9,201 | -€27,670 | |
| Financial income | 75/76B | €270 | €3 | -€266 | -98.7% |
| Recurring financial income | 75 | €270 | €3 | -€266 | -98.7% |
| Financial charges | 65/66B | €1,259 | €970 | -€289 | -22.9% |
| Recurring financial charges | 65 | €1,259 | €970 | -€289 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €17,479 | -€10,168 | -€27,647 | |
| Income taxes | 67/77 | €4,411 | €182 | -€4,229 | -95.9% |
| Profit (loss) for the period | 9904 | €13,069 | -€10,350 | -€23,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,069 | -€10,350 | -€23,419 |
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 17 October 2026 via checked.be.