JEFTES: 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.
JEFTES
Largest movements
- Receivables after one year -€334,692
no longer reported in 2025 (was €334,692)
- Cash +€218,967
up €218,967 (+118.8%), from €184,366 to €403,334
mainly Receivables after one year (+€334,692) and Depreciation (+€16,707)
- Tangible fixed assets -€15,813
down €15,813 (-8.6%), from €183,552 to €167,739
of which Land and buildings: -€9,662
- Other debts -€103,365
down €103,365 (-94.6%), from €109,262 to €5,897
- Profit (loss) carried forward -€25,186
down €25,186 (-52.9%), from -€47,639 to -€72,825
- Financial charges -€1.1m
down €1.1m (-99.9%), from €1.1m to €848
- Depreciation -€7,778
down €7,778 (-31.8%), from €24,485 to €16,707
- Gross operating margin -€1,064
down €1,064 (-75.2%), from -€1,414 to -€2,478
- Financial income +€982
new in 2025: €982
- Other operating charges -€197
down €197 (-3.1%), from €6,331 to €6,134
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 | €704,082 | €573,762 | -€130,320 | -18.5% |
| Fixed assets | 21/28 | €183,552 | €167,739 | -€15,813 | -8.6% |
| Tangible fixed assets | 22/27 | €183,552 | €167,739 | -€15,813 | -8.6% |
| Land and buildings | 22 | €148,410 | €138,749 | -€9,662 | -6.5% |
| Plant, machinery and equipment | 23 | €947 | €1,221 | +€274 | +28.9% |
| Furniture and vehicles | 24 | €1,005 | €898 | -€107 | -10.7% |
| Other tangible fixed assets | 26 | €33,189 | €26,871 | -€6,318 | -19.0% |
| Current assets | 29/58 | €520,530 | €406,023 | -€114,507 | -22.0% |
| Amounts receivable after more than one year | 29 | €334,692 | - | -€334,692 | |
| Other amounts receivable | 291 | €334,692 | - | -€334,692 | |
| Cash at bank and in hand | 54/58 | €184,366 | €403,334 | +€218,967 | +118.8% |
| Deferred charges and accrued income | 490/1 | €1,472 | €2,690 | +€1,217 | +82.7% |
| Total equity and liabilities | 10/49 | €704,082 | €573,762 | -€130,320 | -18.5% |
| Equity | 10/15 | €583,690 | €558,504 | -€25,186 | -4.3% |
| Contributions | 10/11 | €489,500 | €489,500 | = | 0.0% |
| Capital | 10 | €489,500 | €489,500 | = | 0.0% |
| Issued capital | 100 | €489,500 | €489,500 | = | 0.0% |
| Reserves | 13 | €141,829 | €141,829 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,229 | €26,229 | = | 0.0% |
| Legal reserve | 130 | €26,229 | €26,229 | = | 0.0% |
| Distributable reserves | 133 | €115,601 | €115,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,639 | -€72,825 | -€25,186 | -52.9% |
| Amounts payable | 17/49 | €120,392 | €15,258 | -€105,135 | -87.3% |
| Amounts payable within one year | 42/48 | €115,251 | €10,375 | -€104,877 | -91.0% |
| Trade debts | 44 | €5,902 | €4,478 | -€1,425 | -24.1% |
| Suppliers | 440/4 | €5,902 | €4,478 | -€1,425 | -24.1% |
| Taxes, remuneration and social security | 45 | €87 | - | -€87 | |
| Taxes | 450/3 | €87 | - | -€87 | |
| Other amounts payable | 47/48 | €109,262 | €5,897 | -€103,365 | -94.6% |
| Accrued charges and deferred income | 492/3 | €5,141 | €4,883 | -€258 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,485 | €16,707 | -€7,778 | -31.8% |
| Other operating charges | 640/8 | €6,331 | €6,134 | -€197 | -3.1% |
| Non-recurring operating charges | 66A | €9,987 | - | -€9,987 | |
| Gross operating margin | 9900 | -€1,414 | -€2,478 | -€1,064 | -75.2% |
| Operating profit (loss) | 9901 | -€42,217 | -€25,319 | +€16,898 | +40.0% |
| Financial income | 75/76B | - | €982 | +€982 | |
| Recurring financial income | 75 | - | €982 | +€982 | |
| Financial charges | 65/66B | €1,101,026 | €848 | -€1.1m | -99.9% |
| Recurring financial charges | 65 | €1,101,026 | €848 | -€1.1m | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,143,243 | -€25,186 | +€1.1m | +97.8% |
| Profit (loss) for the period | 9904 | -€1,143,243 | -€25,186 | +€1.1m | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,143,243 | -€25,186 | +€1.1m | +97.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.