JEFPALEX: 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.
JEFPALEX
Largest movements
- Tangible fixed assets +€26,339
up €26,339 (+166.8%), from €15,787 to €42,126
of which Furniture and vehicles: +€19,802
- Receivables within one year -€18,018
down €18,018 (-21.6%), from €83,357 to €65,339
of which Other amounts receivable: -€18,060
- Deferred charges and accrued income -€2,394
down €2,394 (-97.8%), from €2,447 to €53
- Trade debts +€8,578
up €8,578 (+693.3%), from €1,237 to €9,815
- Tax, wage and social debts -€4,794
down €4,794 (-24.5%), from €19,571 to €14,777
- Reserves +€2,133
up €2,133 (+3.6%), from €58,979 to €61,112
of which Distributable reserves: +€3,993
- Depreciation +€9,020
up €9,020 (+6798.5%), from €133 to €9,152
- Gross operating margin -€2,930
down €2,930 (-15.0%), from €19,491 to €16,561
- Taxes -€2,287
down €2,287 (-28.3%), from €8,085 to €5,798
- Other operating charges +€2,001
up €2,001 (+258.0%), from €775 to €2,776
- Financial income -€1,466
down €1,466 (-29.1%), from €5,035 to €3,569
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 | €102,835 | €108,837 | +€6,002 | +5.8% |
| Fixed assets | 21/28 | €15,787 | €42,126 | +€26,339 | +166.8% |
| Tangible fixed assets | 22/27 | €15,787 | €42,126 | +€26,339 | +166.8% |
| Furniture and vehicles | 24 | - | €19,802 | +€19,802 | |
| Other tangible fixed assets | 26 | €15,787 | €22,325 | +€6,537 | +41.4% |
| Current assets | 29/58 | €87,047 | €66,711 | -€20,337 | -23.4% |
| Amounts receivable within one year | 40/41 | €83,357 | €65,339 | -€18,018 | -21.6% |
| Trade receivables | 40 | €3,225 | €3,267 | +€42 | +1.3% |
| Other amounts receivable | 41 | €80,132 | €62,072 | -€18,060 | -22.5% |
| Cash at bank and in hand | 54/58 | €1,243 | €1,319 | +€76 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,447 | €53 | -€2,394 | -97.8% |
| Total equity and liabilities | 10/49 | €102,835 | €108,837 | +€6,002 | +5.8% |
| Equity | 10/15 | €71,379 | €73,512 | +€2,133 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,979 | €61,112 | +€2,133 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €13,357 | €13,357 | = | 0.0% |
| Distributable reserves | 133 | €43,762 | €47,755 | +€3,993 | +9.1% |
| Amounts payable | 17/49 | €31,456 | €35,325 | +€3,869 | +12.3% |
| Amounts payable within one year | 42/48 | €31,456 | €35,325 | +€3,869 | +12.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,237 | €9,815 | +€8,578 | +693.3% |
| Suppliers | 440/4 | €1,237 | €9,815 | +€8,578 | +693.3% |
| Taxes, remuneration and social security | 45 | €19,571 | €14,777 | -€4,794 | -24.5% |
| Taxes | 450/3 | €19,571 | €14,777 | -€4,794 | -24.5% |
| Other amounts payable | 47/48 | €10,648 | €10,733 | +€85 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €9,152 | +€9,020 | +6798.5% |
| Other operating charges | 640/8 | €775 | €2,776 | +€2,001 | +258.0% |
| Gross operating margin | 9900 | €19,491 | €16,561 | -€2,930 | -15.0% |
| Operating profit (loss) | 9901 | €18,583 | €4,633 | -€13,950 | -75.1% |
| Financial income | 75/76B | €5,035 | €3,569 | -€1,466 | -29.1% |
| Recurring financial income | 75 | €5,035 | €3,569 | -€1,466 | -29.1% |
| Financial charges | 65/66B | €331 | €270 | -€61 | -18.4% |
| Recurring financial charges | 65 | €331 | €270 | -€61 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €23,287 | €7,931 | -€15,355 | -65.9% |
| Income taxes | 67/77 | €8,085 | €5,798 | -€2,287 | -28.3% |
| Profit (loss) for the period | 9904 | €15,201 | €2,133 | -€13,068 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,201 | €2,133 | -€13,068 | -86.0% |
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.