JEFRIE: what changed
Two fiscal 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.
JEFRIE
Largest movements
- Cash -€315,245
down €315,245 (-76.4%), from €412,695 to €97,450
mainly Tax, wage and social debts (-€232,493) and Receivables within one year (-€88,847)
- Receivables within one year +€88,847
up €88,847 (+347328.3%), from €26 to €88,872
of which Other amounts receivable: +€88,872
- Deferred charges and accrued income +€40,391
up €40,391 (+111.7%), from €36,158 to €76,549
- Tangible fixed assets -€33,292
down €33,292 (-6.4%), from €516,401 to €483,109
of which Land and buildings: -€28,615
- Tax, wage and social debts -€232,493
no longer reported in 2025 (was €232,493)
- Current portion of long-term debt +€33,906
up €33,906 (+249.6%), from €13,582 to €47,488
- Other debts -€19,110
down €19,110 (-27.9%), from €68,388 to €49,279
- Gross operating margin -€684,341
down €684,341 (-99.8%), from €685,974 to €1,632
- Taxes -€218,089
down €218,089 (-94.7%), from €230,194 to €12,104
- Financial income +€41,793
up €41,793 (+186.4%), from €22,420 to €64,212
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 | €1,841,312 | €1,622,015 | -€219,296 | -11.9% |
| Fixed assets | 21/28 | €516,401 | €483,109 | -€33,292 | -6.4% |
| Tangible fixed assets | 22/27 | €516,401 | €483,109 | -€33,292 | -6.4% |
| Land and buildings | 22 | €511,554 | €482,939 | -€28,615 | -5.6% |
| Plant, machinery and equipment | 23 | €3,897 | - | -€3,897 | |
| Furniture and vehicles | 24 | €950 | €170 | -€780 | -82.1% |
| Current assets | 29/58 | €1,324,910 | €1,138,906 | -€186,004 | -14.0% |
| Amounts receivable after more than one year | 29 | €875,532 | €875,532 | = | 0.0% |
| Other amounts receivable | 291 | €875,532 | €875,532 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26 | €88,872 | +€88,847 | +347328.3% |
| Trade receivables | 40 | €26 | - | -€26 | |
| Other amounts receivable | 41 | - | €88,872 | +€88,872 | |
| Current investments | 50/53 | €500 | €503 | +€3 | +0.6% |
| Cash at bank and in hand | 54/58 | €412,695 | €97,450 | -€315,245 | -76.4% |
| Deferred charges and accrued income | 490/1 | €36,158 | €76,549 | +€40,391 | +111.7% |
| Total equity and liabilities | 10/49 | €1,841,312 | €1,622,015 | -€219,296 | -11.9% |
| Equity | 10/15 | €1,425,157 | €1,439,583 | +€14,426 | +1.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,363,657 | €1,378,083 | +€14,426 | +1.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,887 | €175,488 | -€11,400 | -6.1% |
| Distributable reserves | 133 | €1,170,619 | €1,196,446 | +€25,826 | +2.2% |
| Provisions and deferred taxes | 16 | €62,296 | €58,496 | -€3,800 | -6.1% |
| Deferred taxes | 168 | €62,296 | €58,496 | -€3,800 | -6.1% |
| Amounts payable | 17/49 | €353,859 | €123,936 | -€229,923 | -65.0% |
| Amounts payable after more than one year | 17 | €31,213 | €17,453 | -€13,760 | -44.1% |
| Financial debts | 170/4 | €31,213 | €17,453 | -€13,760 | -44.1% |
| Amounts payable within one year | 42/48 | €317,872 | €102,763 | -€215,109 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €13,582 | €47,488 | +€33,906 | +249.6% |
| Trade debts | 44 | €3,408 | €5,997 | +€2,588 | +75.9% |
| Suppliers | 440/4 | €3,408 | €5,997 | +€2,588 | +75.9% |
| Taxes, remuneration and social security | 45 | €232,493 | - | -€232,493 | |
| Taxes | 450/3 | €232,493 | - | -€232,493 | |
| Other amounts payable | 47/48 | €68,388 | €49,279 | -€19,110 | -27.9% |
| Accrued charges and deferred income | 492/3 | €4,774 | €3,720 | -€1,054 | -22.1% |
| Non-recurring operating income | 76A | €664,725 | €50 | -€664,675 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,826 | €29,445 | -€4,380 | -12.9% |
| Other operating charges | 640/8 | €10,259 | €7,041 | -€3,219 | -31.4% |
| Non-recurring operating charges | 66A | - | €3,947 | +€3,947 | |
| Gross operating margin | 9900 | €685,974 | €1,632 | -€684,341 | -99.8% |
| Operating profit (loss) | 9901 | €641,889 | -€38,801 | -€680,689 | |
| Financial income | 75/76B | €22,420 | €64,212 | +€41,793 | +186.4% |
| Recurring financial income | 75 | €22,420 | €64,212 | +€41,793 | +186.4% |
| Financial charges | 65/66B | €877 | €2,681 | +€1,804 | +205.6% |
| Recurring financial charges | 65 | €877 | €2,681 | +€1,804 | +205.6% |
| Profit (loss) for the period before taxes | 9903 | €663,431 | €22,731 | -€640,700 | -96.6% |
| Transfer from deferred taxes | 780 | €3,902 | €3,800 | -€102 | -2.6% |
| Income taxes | 67/77 | €230,194 | €12,104 | -€218,089 | -94.7% |
| Profit (loss) for the period | 9904 | €437,139 | €14,426 | -€422,713 | -96.7% |
| Transfer from tax-exempt reserves | 789 | €11,706 | €11,400 | -€306 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €448,845 | €25,826 | -€423,019 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.