jefluyckx consultancy: 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.
jefluyckx consultancy
Largest movements
- Cash -€36,717
down €36,717 (-77.1%), from €47,596 to €10,879
mainly Receivables within one year (-€25,909) and Other debts (-€18,203)
- Receivables within one year +€25,909
up €25,909 (+86.8%), from €29,851 to €55,760
of which Trade receivables: +€23,052
- Tangible fixed assets -€6,269
down €6,269 (-6.3%), from €100,118 to €93,849
of which Plant, machinery and equipment: -€5,001
- Current investments +€3,000
up €3,000 (+79.9%), from €3,757 to €6,756
- Reserves +€24,816
up €24,816 (+34.9%), from €71,163 to €95,979
- Other debts -€18,203
down €18,203 (-74.2%), from €24,541 to €6,338
- Debts after one year -€10,090
down €10,090 (-16.2%), from €62,269 to €52,179
of which Financial debts: -€10,090
- Tax, wage and social debts -€8,669
down €8,669 (-68.6%), from €12,645 to €3,975
of which Taxes: -€8,622
- Gross operating margin +€20,291
up €20,291 (+54.4%), from €37,326 to €57,617
- Taxes +€2,592
up €2,592 (+44.5%), from €5,828 to €8,419
- Depreciation +€1,627
up €1,627 (+12.1%), from €13,488 to €15,114
- Financial charges +€591
up €591 (+29.4%), from €2,006 to €2,596
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 | €187,821 | €174,430 | -€13,392 | -7.1% |
| Fixed assets | 21/28 | €100,368 | €94,099 | -€6,269 | -6.2% |
| Tangible fixed assets | 22/27 | €100,118 | €93,849 | -€6,269 | -6.3% |
| Land and buildings | 22 | €64,201 | €61,690 | -€2,511 | -3.9% |
| Plant, machinery and equipment | 23 | €29,839 | €24,838 | -€5,001 | -16.8% |
| Furniture and vehicles | 24 | €6,078 | €4,155 | -€1,924 | -31.6% |
| Other tangible fixed assets | 26 | - | €3,167 | +€3,167 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €87,454 | €80,331 | -€7,123 | -8.1% |
| Amounts receivable after more than one year | 29 | €3,889 | €3,889 | = | 0.0% |
| Other amounts receivable | 291 | €3,889 | €3,889 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,851 | €55,760 | +€25,909 | +86.8% |
| Trade receivables | 40 | €29,276 | €52,329 | +€23,052 | +78.7% |
| Other amounts receivable | 41 | €575 | €3,432 | +€2,857 | +497% |
| Current investments | 50/53 | €3,757 | €6,756 | +€3,000 | +79.9% |
| Cash at bank and in hand | 54/58 | €47,596 | €10,879 | -€36,717 | -77.1% |
| Deferred charges and accrued income | 490/1 | €2,362 | €3,047 | +€685 | +29.0% |
| Total equity and liabilities | 10/49 | €187,821 | €174,430 | -€13,392 | -7.1% |
| Equity | 10/15 | €72,163 | €96,979 | +€24,816 | +34.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,163 | €95,979 | +€24,816 | +34.9% |
| Distributable reserves | 133 | €71,163 | €95,979 | +€24,816 | +34.9% |
| Amounts payable | 17/49 | €115,658 | €77,451 | -€38,207 | -33.0% |
| Amounts payable after more than one year | 17 | €62,269 | €52,179 | -€10,090 | -16.2% |
| Financial debts | 170/4 | €58,380 | €48,290 | -€10,090 | -17.3% |
| Other amounts payable | 178/9 | €3,889 | €3,889 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,390 | €25,272 | -€28,118 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €9,882 | €10,090 | +€208 | +2.1% |
| Trade debts | 44 | €6,321 | €4,869 | -€1,453 | -23.0% |
| Suppliers | 440/4 | €6,321 | €4,869 | -€1,453 | -23.0% |
| Taxes, remuneration and social security | 45 | €12,645 | €3,975 | -€8,669 | -68.6% |
| Taxes | 450/3 | €10,242 | €1,620 | -€8,622 | -84.2% |
| Remuneration and social security | 454/9 | €2,403 | €2,356 | -€47 | -2.0% |
| Other amounts payable | 47/48 | €24,541 | €6,338 | -€18,203 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,488 | €15,114 | +€1,627 | +12.1% |
| Other operating charges | 640/8 | €631 | €610 | -€21 | -3.3% |
| Gross operating margin | 9900 | €37,326 | €57,617 | +€20,291 | +54.4% |
| Operating profit (loss) | 9901 | €23,208 | €41,893 | +€18,685 | +80.5% |
| Financial income | 75/76B | €37 | €36 | -€2 | -4.4% |
| Recurring financial income | 75 | €37 | €36 | -€2 | -4.4% |
| Financial charges | 65/66B | €2,006 | €2,596 | +€591 | +29.4% |
| Recurring financial charges | 65 | €2,006 | €2,596 | +€591 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €21,240 | €39,333 | +€18,093 | +85.2% |
| Income taxes | 67/77 | €5,828 | €8,419 | +€2,592 | +44.5% |
| Profit (loss) for the period | 9904 | €15,412 | €30,913 | +€15,501 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €15,412 | €30,913 | +€15,501 | +101% |
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 23 October 2026 via checked.be.