Jeffman: 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.
Jeffman
Largest movements
- Receivables within one year +€29,006
up €29,006 (+155.0%), from €18,710 to €47,717
of which Trade receivables: +€29,040
- Cash -€9,909
down €9,909 (-22.6%), from €43,771 to €33,861
mainly Debts after one year (-€30,091) and Receivables within one year (-€29,006)
- Profit (loss) carried forward +€65,231
up €65,231 (+59.0%), from €110,472 to €175,704
- Debts after one year -€30,091
down €30,091 (-25.0%), from €120,527 to €90,436
- Tax, wage and social debts -€16,528
down €16,528 (-65.1%), from €25,401 to €8,872
of which Taxes: -€16,528
- Gross operating margin +€19,369
up €19,369 (+25.3%), from €76,672 to €96,041
- Taxes +€5,100
up €5,100 (+30.3%), from €16,851 to €21,950
- Financial charges -€1,054
down €1,054 (-14.4%), from €7,323 to €6,269
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 | €320,941 | €342,623 | +€21,682 | +6.8% |
| Fixed assets | 21/28 | €258,230 | €260,444 | +€2,214 | +0.9% |
| Tangible fixed assets | 22/27 | €8,230 | €10,444 | +€2,214 | +26.9% |
| Furniture and vehicles | 24 | €8,230 | €10,444 | +€2,214 | +26.9% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €62,711 | €82,179 | +€19,468 | +31.0% |
| Amounts receivable within one year | 40/41 | €18,710 | €47,717 | +€29,006 | +155.0% |
| Trade receivables | 40 | €18,645 | €47,685 | +€29,040 | +155.7% |
| Other amounts receivable | 41 | €65 | €32 | -€34 | -51.6% |
| Cash at bank and in hand | 54/58 | €43,771 | €33,861 | -€9,909 | -22.6% |
| Deferred charges and accrued income | 490/1 | €230 | €601 | +€371 | +161.7% |
| Total equity and liabilities | 10/49 | €320,941 | €342,623 | +€21,682 | +6.8% |
| Equity | 10/15 | €120,472 | €185,704 | +€65,231 | +54.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,472 | €175,704 | +€65,231 | +59.0% |
| Amounts payable | 17/49 | €200,468 | €156,919 | -€43,549 | -21.7% |
| Amounts payable after more than one year | 17 | €120,527 | €90,436 | -€30,091 | -25.0% |
| Financial debts | 170/4 | €120,527 | €90,436 | -€30,091 | -25.0% |
| Amounts payable within one year | 42/48 | €78,442 | €64,484 | -€13,958 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €28,875 | €30,091 | +€1,216 | +4.2% |
| Trade debts | 44 | €425 | €907 | +€482 | +113.4% |
| Suppliers | 440/4 | €425 | €907 | +€482 | +113.4% |
| Taxes, remuneration and social security | 45 | €25,401 | €8,872 | -€16,528 | -65.1% |
| Taxes | 450/3 | €23,331 | €6,802 | -€16,528 | -70.8% |
| Remuneration and social security | 454/9 | €2,070 | €2,070 | = | 0.0% |
| Other amounts payable | 47/48 | €23,741 | €24,613 | +€872 | +3.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,000 | +€500 | +33.3% |
| Non-recurring operating income | 76A | - | €1,137 | +€1,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,149 | €1,666 | -€482 | -22.4% |
| Other operating charges | 640/8 | €418 | €924 | +€506 | +121.1% |
| Gross operating margin | 9900 | €76,672 | €96,041 | +€19,369 | +25.3% |
| Operating profit (loss) | 9901 | €74,105 | €93,450 | +€19,345 | +26.1% |
| Financial charges | 65/66B | €7,323 | €6,269 | -€1,054 | -14.4% |
| Recurring financial charges | 65 | €7,323 | €6,269 | -€1,054 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €66,783 | €87,182 | +€20,399 | +30.5% |
| Income taxes | 67/77 | €16,851 | €21,950 | +€5,100 | +30.3% |
| Profit (loss) for the period | 9904 | €49,932 | €65,231 | +€15,299 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,932 | €65,231 | +€15,299 | +30.6% |
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 12 October 2026 via checked.be.