JEFKI: 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.
JEFKI
Largest movements
- Receivables within one year -€4,685
down €4,685 (-3.5%), from €132,356 to €127,671
of which Trade receivables: -€4,505
- Cash -€4,524
down €4,524 (-46.2%), from €9,790 to €5,267
mainly Net result for the year (-€21,958) and Other debts (-€4,525)
- Reserves -€21,958
down €21,958 (-85.9%), from €25,550 to €3,593
- Tax, wage and social debts +€9,160
up €9,160 (+45.5%), from €20,152 to €29,312
of which Remuneration and social security: +€8,948
- Trade debts +€4,526
up €4,526 (+54.3%), from €8,338 to €12,865
- Other debts -€4,525
down €4,525 (-31.5%), from €14,388 to €9,863
- Accrued charges and deferred income +€2,609
up €2,609 (+183.9%), from €1,419 to €4,028
- Gross operating margin -€38,979
down €38,979, from €18,589 to -€20,390
- Taxes -€3,795
no longer reported in 2025 (was €3,795)
- Depreciation -€536
down €536 (-50.1%), from €1,069 to €533
- Financial charges -€261
down €261 (-50.4%), from €518 to €257
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 | €142,923 | €133,043 | -€9,880 | -6.9% |
| Fixed assets | 21/28 | €638 | €105 | -€533 | -83.6% |
| Tangible fixed assets | 22/27 | €628 | €95 | -€533 | -84.9% |
| Plant, machinery and equipment | 23 | €628 | €95 | -€533 | -84.9% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €142,285 | €132,938 | -€9,347 | -6.6% |
| Amounts receivable within one year | 40/41 | €132,356 | €127,671 | -€4,685 | -3.5% |
| Trade receivables | 40 | €131,088 | €126,583 | -€4,505 | -3.4% |
| Other amounts receivable | 41 | €1,267 | €1,088 | -€179 | -14.2% |
| Cash at bank and in hand | 54/58 | €9,790 | €5,267 | -€4,524 | -46.2% |
| Deferred charges and accrued income | 490/1 | €139 | - | -€139 | |
| Total equity and liabilities | 10/49 | €142,923 | €133,043 | -€9,880 | -6.9% |
| Equity | 10/15 | €44,142 | €22,185 | -€21,958 | -49.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,550 | €3,593 | -€21,958 | -85.9% |
| Distributable reserves | 133 | €25,550 | €3,593 | -€21,958 | -85.9% |
| Amounts payable | 17/49 | €98,781 | €110,858 | +€12,077 | +12.2% |
| Amounts payable after more than one year | 17 | €54,482 | €54,790 | +€308 | +0.6% |
| Financial debts | 170/4 | €54,482 | €54,790 | +€308 | +0.6% |
| Amounts payable within one year | 42/48 | €42,880 | €52,040 | +€9,160 | +21.4% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €8,338 | €12,865 | +€4,526 | +54.3% |
| Suppliers | 440/4 | €8,338 | €12,865 | +€4,526 | +54.3% |
| Taxes, remuneration and social security | 45 | €20,152 | €29,312 | +€9,160 | +45.5% |
| Taxes | 450/3 | €4,268 | €4,480 | +€212 | +5.0% |
| Remuneration and social security | 454/9 | €15,884 | €24,832 | +€8,948 | +56.3% |
| Other amounts payable | 47/48 | €14,388 | €9,863 | -€4,525 | -31.5% |
| Accrued charges and deferred income | 492/3 | €1,419 | €4,028 | +€2,609 | +183.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €533 | -€536 | -50.1% |
| Other operating charges | 640/8 | €960 | €783 | -€177 | -18.4% |
| Gross operating margin | 9900 | €18,589 | -€20,390 | -€38,979 | |
| Operating profit (loss) | 9901 | €16,560 | -€21,706 | -€38,266 | |
| Financial income | 75/76B | €94 | €6 | -€89 | -93.9% |
| Recurring financial income | 75 | €94 | €6 | -€89 | -93.9% |
| Financial charges | 65/66B | €518 | €257 | -€261 | -50.4% |
| Recurring financial charges | 65 | €518 | €257 | -€261 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €16,136 | -€21,958 | -€38,094 | |
| Income taxes | 67/77 | €3,795 | - | -€3,795 | |
| Profit (loss) for the period | 9904 | €12,342 | -€21,958 | -€34,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,342 | -€21,958 | -€34,299 |
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 9 October 2026 via checked.be.