SJF Consult: what changed
SJF Consult
Largest movements
- Receivables within one year -€58,204
down €58,204 (-89.6%), from €64,924 to €6,720
of which Trade receivables: -€62,391
- Tangible fixed assets -€49,343
down €49,343 (-9.4%), from €524,321 to €474,978
of which Land and buildings: -€28,059
- Cash +€7,900
up €7,900 (+91.7%), from €8,614 to €16,514
mainly Net result for the year (+€60,194) and Receivables within one year (+€58,204)
- Debts after one year -€82,605
down €82,605 (-71.6%), from €115,323 to €32,718
- Reserves +€33,204
up €33,204 (+11.3%), from €292,919 to €326,123
of which Distributable reserves: +€33,204
- Short-term financial debts -€25,676
down €25,676 (-69.7%), from €36,832 to €11,155
- Tax, wage and social debts -€12,083
down €12,083 (-45.7%), from €26,445 to €14,362
- Other debts -€10,102
down €10,102 (-35.3%), from €28,584 to €18,481
- Depreciation +€7,841
up €7,841 (+18.9%), from €41,502 to €49,343
- Other operating charges -€3,518
down €3,518 (-82.9%), from €4,244 to €726
- Gross operating margin -€3,202
down €3,202 (-2.2%), from €147,017 to €143,815
- Financial charges -€2,566
down €2,566 (-27.7%), from €9,271 to €6,705
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,995 | €498,897 | -€101,098 | -16.8% |
| Fixed assets | 21/28 | €524,321 | €474,978 | -€49,343 | -9.4% |
| Tangible fixed assets | 22/27 | €524,321 | €474,978 | -€49,343 | -9.4% |
| Land and buildings | 22 | €465,489 | €437,431 | -€28,059 | -6.0% |
| Plant, machinery and equipment | 23 | €6,189 | €4,889 | -€1,300 | -21.0% |
| Furniture and vehicles | 24 | €52,642 | €32,658 | -€19,985 | -38.0% |
| Current assets | 29/58 | €75,675 | €23,920 | -€51,755 | -68.4% |
| Amounts receivable within one year | 40/41 | €64,924 | €6,720 | -€58,204 | -89.6% |
| Trade receivables | 40 | €63,976 | €1,585 | -€62,391 | -97.5% |
| Other amounts receivable | 41 | €949 | €5,135 | +€4,187 | +441% |
| Cash at bank and in hand | 54/58 | €8,614 | €16,514 | +€7,900 | +91.7% |
| Deferred charges and accrued income | 490/1 | €2,137 | €686 | -€1,451 | -67.9% |
| Total equity and liabilities | 10/49 | €599,995 | €498,897 | -€101,098 | -16.8% |
| Equity | 10/15 | €306,319 | €339,523 | +€33,204 | +10.8% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €292,919 | €326,123 | +€33,204 | +11.3% |
| Non-distributable reserves | 130/1 | €1,350 | €1,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,350 | €1,350 | = | 0.0% |
| Distributable reserves | 133 | €291,569 | €324,773 | +€33,204 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €52,770 | €52,770 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €52,770 | €52,770 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,770 | €52,770 | = | 0.0% |
| Amounts payable | 17/49 | €240,906 | €106,604 | -€134,302 | -55.7% |
| Amounts payable after more than one year | 17 | €115,323 | €32,718 | -€82,605 | -71.6% |
| Financial debts | 170/4 | €115,323 | €32,718 | -€82,605 | -71.6% |
| Amounts payable within one year | 42/48 | €123,546 | €71,303 | -€52,243 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €29,558 | €25,618 | -€3,941 | -13.3% |
| Financial debts | 43 | €36,832 | €11,155 | -€25,676 | -69.7% |
| Credit institutions | 430/8 | €36,832 | €11,155 | -€25,676 | -69.7% |
| Trade debts | 44 | €2,127 | €1,687 | -€441 | -20.7% |
| Suppliers | 440/4 | €2,127 | €1,687 | -€441 | -20.7% |
| Taxes, remuneration and social security | 45 | €26,445 | €14,362 | -€12,083 | -45.7% |
| Taxes | 450/3 | €26,445 | €14,362 | -€12,083 | -45.7% |
| Other amounts payable | 47/48 | €28,584 | €18,481 | -€10,102 | -35.3% |
| Accrued charges and deferred income | 492/3 | €2,037 | €2,583 | +€546 | +26.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,502 | €49,343 | +€7,841 | +18.9% |
| Other operating charges | 640/8 | €4,244 | €726 | -€3,518 | -82.9% |
| Gross operating margin | 9900 | €147,017 | €143,815 | -€3,202 | -2.2% |
| Operating profit (loss) | 9901 | €101,271 | €93,745 | -€7,526 | -7.4% |
| Financial income | 75/76B | €10 | €22 | +€12 | +122% |
| Recurring financial income | 75 | €10 | €22 | +€12 | +122% |
| Financial charges | 65/66B | €9,271 | €6,705 | -€2,566 | -27.7% |
| Recurring financial charges | 65 | €9,271 | €6,705 | -€2,566 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €92,010 | €87,063 | -€4,947 | -5.4% |
| Income taxes | 67/77 | €26,087 | €26,869 | +€782 | +3.0% |
| Profit (loss) for the period | 9904 | €65,923 | €60,194 | -€5,729 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,923 | €60,194 | -€5,729 | -8.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.