STUDIO JEF CLAES: 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.
STUDIO JEF CLAES
Largest movements
- Cash +€16,796
up €16,796 (+89.1%), from €18,851 to €35,647
mainly Net result for the year (+€16,145) and Receivables within one year (+€5,990)
- Receivables within one year -€5,990
down €5,990 (-36.4%), from €16,469 to €10,479
of which Other amounts receivable: -€4,337
- Reserves +€16,145
up €16,145 (+82.5%), from €19,565 to €35,711
- Other debts -€7,232
down €7,232 (-90.3%), from €8,006 to €774
- Tax, wage and social debts +€2,918
up €2,918 (+44.9%), from €6,506 to €9,424
- Trade debts -€1,447
down €1,447 (-54.2%), from €2,668 to €1,221
- Gross operating margin +€20,891
up €20,891 (+323%), from €6,468 to €27,358
- Taxes +€5,053
up €5,053 (+762%), from €663 to €5,716
- Depreciation -€1,134
down €1,134 (-26.4%), from €4,304 to €3,170
- Other operating charges +€432
up €432 (+85.5%), from €505 to €937
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 | €40,745 | €51,130 | +€10,384 | +25.5% |
| Fixed assets | 21/28 | €3,775 | €3,646 | -€129 | -3.4% |
| Tangible fixed assets | 22/27 | €3,775 | €3,646 | -€129 | -3.4% |
| Plant, machinery and equipment | 23 | €1,505 | €583 | -€922 | -61.3% |
| Furniture and vehicles | 24 | €2,271 | €3,064 | +€793 | +34.9% |
| Current assets | 29/58 | €36,970 | €47,483 | +€10,514 | +28.4% |
| Amounts receivable within one year | 40/41 | €16,469 | €10,479 | -€5,990 | -36.4% |
| Trade receivables | 40 | €12,132 | €10,479 | -€1,653 | -13.6% |
| Other amounts receivable | 41 | €4,337 | - | -€4,337 | |
| Cash at bank and in hand | 54/58 | €18,851 | €35,647 | +€16,796 | +89.1% |
| Deferred charges and accrued income | 490/1 | €1,649 | €1,357 | -€292 | -17.7% |
| Total equity and liabilities | 10/49 | €40,745 | €51,130 | +€10,384 | +25.5% |
| Equity | 10/15 | €23,565 | €39,711 | +€16,145 | +68.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,565 | €35,711 | +€16,145 | +82.5% |
| Distributable reserves | 133 | €19,565 | €35,711 | +€16,145 | +82.5% |
| Amounts payable | 17/49 | €17,180 | €11,419 | -€5,761 | -33.5% |
| Amounts payable within one year | 42/48 | €17,180 | €11,419 | -€5,761 | -33.5% |
| Trade debts | 44 | €2,668 | €1,221 | -€1,447 | -54.2% |
| Suppliers | 440/4 | €2,668 | €1,221 | -€1,447 | -54.2% |
| Taxes, remuneration and social security | 45 | €6,506 | €9,424 | +€2,918 | +44.9% |
| Taxes | 450/3 | €6,506 | €9,424 | +€2,918 | +44.9% |
| Other amounts payable | 47/48 | €8,006 | €774 | -€7,232 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,304 | €3,170 | -€1,134 | -26.4% |
| Other operating charges | 640/8 | €505 | €937 | +€432 | +85.5% |
| Gross operating margin | 9900 | €6,468 | €27,358 | +€20,891 | +323% |
| Operating profit (loss) | 9901 | €1,659 | €23,252 | +€21,593 | +1,302% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €1,509 | €1,390 | -€119 | -7.9% |
| Recurring financial charges | 65 | €1,509 | €1,390 | -€119 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €213 | €21,862 | +€21,649 | +10,159% |
| Income taxes | 67/77 | €663 | €5,716 | +€5,053 | +762% |
| Profit (loss) for the period | 9904 | -€450 | €16,145 | +€16,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€450 | €16,145 | +€16,595 |
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.