Etablissements JFS: 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.
Etablissements JFS
Largest movements
- Receivables within one year -€3,862
down €3,862 (-60.0%), from €6,442 to €2,580
of which Trade receivables: -€4,933
- Tangible fixed assets +€2,190
up €2,190 (+44.4%), from €4,937 to €7,127
- Cash +€1,522
up €1,522 (+71.2%), from €2,137 to €3,659
mainly Net result for the year (+€6,945) and Trade debts (+€6,254)
- Other debts -€11,985
no longer reported in 2025 (was €11,985)
- Profit (loss) carried forward +€6,945
up €6,945, from -€5,408 to €1,537
- Trade debts +€6,254
up €6,254 (+1,735%), from €361 to €6,614
- Tax, wage and social debts -€1,363
down €1,363 (-31.5%), from €4,328 to €2,965
- Gross operating margin +€16,264
up €16,264 (+472%), from €3,443 to €19,707
- Staff costs +€5,126
new in 2025: €5,126
- Financial charges +€1,470
up €1,470 (+228%), from €644 to €2,114
of which Financial charges: +€969
- Taxes +€935
new in 2025: €935
- Depreciation +€930
up €930 (+56.8%), from €1,639 to €2,569
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.
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 | €14,265 | €14,116 | -€149 | -1.0% |
| Fixed assets | 21/28 | €5,687 | €7,877 | +€2,190 | +38.5% |
| Tangible fixed assets | 22/27 | €4,937 | €7,127 | +€2,190 | +44.4% |
| Plant, machinery and equipment | 23 | €4,937 | €7,127 | +€2,190 | +44.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €8,579 | €6,239 | -€2,340 | -27.3% |
| Amounts receivable within one year | 40/41 | €6,442 | €2,580 | -€3,862 | -60.0% |
| Trade receivables | 40 | €6,442 | €1,509 | -€4,933 | -76.6% |
| Other amounts receivable | 41 | - | €1,071 | +€1,071 | |
| Cash at bank and in hand | 54/58 | €2,137 | €3,659 | +€1,522 | +71.2% |
| Total equity and liabilities | 10/49 | €14,265 | €14,116 | -€149 | -1.0% |
| Equity | 10/15 | -€2,408 | €4,537 | +€6,945 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,408 | €1,537 | +€6,945 | |
| Amounts payable | 17/49 | €16,673 | €9,579 | -€7,094 | -42.5% |
| Amounts payable within one year | 42/48 | €16,673 | €9,579 | -€7,094 | -42.5% |
| Trade debts | 44 | €361 | €6,614 | +€6,254 | +1,735% |
| Suppliers | 440/4 | €361 | €6,614 | +€6,254 | +1,735% |
| Taxes, remuneration and social security | 45 | €4,328 | €2,965 | -€1,363 | -31.5% |
| Taxes | 450/3 | €4,328 | €2,965 | -€1,363 | -31.5% |
| Other amounts payable | 47/48 | €11,985 | - | -€11,985 | |
| Remuneration, social security and pensions | 62 | - | €5,126 | +€5,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €2,569 | +€930 | +56.8% |
| Other operating charges | 640/8 | €1,181 | €2,039 | +€858 | +72.7% |
| Gross operating margin | 9900 | €3,443 | €19,707 | +€16,264 | +472% |
| Operating profit (loss) | 9901 | €623 | €9,973 | +€9,350 | +1,500% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €644 | €2,114 | +€1,470 | +228% |
| Recurring financial charges | 65 | €333 | €1,302 | +€969 | +292% |
| Non-recurring financial charges | 66B | €311 | €812 | +€501 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€20 | €7,880 | +€7,900 | |
| Income taxes | 67/77 | - | €935 | +€935 | |
| Profit (loss) for the period | 9904 | -€20 | €6,945 | +€6,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20 | €6,945 | +€6,965 |
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 24 October 2026 via checked.be.