F&J: 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.
F&J
Largest movements
- Tangible fixed assets -€15,080
down €15,080 (-17.3%), from €87,136 to €72,056
of which Furniture and vehicles: -€8,613
- Stocks and contracts -€13,923
down €13,923 (-37.2%), from €37,466 to €23,543
- Deferred charges and accrued income -€3,741
no longer reported in 2025 (was €3,741)
- Cash +€1,416
up €1,416 (+27.7%), from €5,115 to €6,531
mainly Depreciation (+€17,483) and Stocks and contracts (+€13,923)
- Profit (loss) carried forward -€24,119
down €24,119 (-70.4%), from -€34,243 to -€58,362
- Tax, wage and social debts -€3,776
down €3,776 (-59.0%), from €6,395 to €2,620
- Other debts -€3,196
down €3,196 (-2.3%), from €139,932 to €136,737
- Gross operating margin -€1,935
down €1,935 (-40.8%), from €4,744 to €2,809
- Other operating charges -€1,754
down €1,754 (-15.8%), from €11,123 to €9,369
- Depreciation +€234
up €234 (+1.4%), from €17,249 to €17,483
- Financial charges -€119
down €119 (-60.0%), from €198 to €79
- Taxes -€116
no longer reported in 2025 (was €116)
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 | €140,790 | €108,270 | -€32,520 | -23.1% |
| Fixed assets | 21/28 | €87,136 | €72,056 | -€15,080 | -17.3% |
| Tangible fixed assets | 22/27 | €87,136 | €72,056 | -€15,080 | -17.3% |
| Land and buildings | 22 | €57,765 | €52,953 | -€4,813 | -8.3% |
| Plant, machinery and equipment | 23 | €4,873 | €3,219 | -€1,654 | -33.9% |
| Furniture and vehicles | 24 | €24,498 | €15,885 | -€8,613 | -35.2% |
| Current assets | 29/58 | €53,654 | €36,213 | -€17,441 | -32.5% |
| Stocks and contracts in progress | 3 | €37,466 | €23,543 | -€13,923 | -37.2% |
| Stocks | 30/36 | €37,466 | €23,543 | -€13,923 | -37.2% |
| Amounts receivable within one year | 40/41 | €7,332 | €6,140 | -€1,192 | -16.3% |
| Trade receivables | 40 | €7,243 | €5,270 | -€1,973 | -27.2% |
| Other amounts receivable | 41 | €89 | €869 | +€780 | +873.9% |
| Cash at bank and in hand | 54/58 | €5,115 | €6,531 | +€1,416 | +27.7% |
| Deferred charges and accrued income | 490/1 | €3,741 | - | -€3,741 | |
| Total equity and liabilities | 10/49 | €140,790 | €108,270 | -€32,520 | -23.1% |
| Equity | 10/15 | -€9,243 | -€33,362 | -€24,119 | -260.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,243 | -€58,362 | -€24,119 | -70.4% |
| Amounts payable | 17/49 | €150,033 | €141,632 | -€8,401 | -5.6% |
| Amounts payable within one year | 42/48 | €150,033 | €141,632 | -€8,401 | -5.6% |
| Trade debts | 44 | €2,889 | €2,193 | -€696 | -24.1% |
| Suppliers | 440/4 | €2,889 | €2,193 | -€696 | -24.1% |
| Advances received on contracts in progress | 46 | €817 | €83 | -€733 | -89.8% |
| Taxes, remuneration and social security | 45 | €6,395 | €2,620 | -€3,776 | -59.0% |
| Taxes | 450/3 | €6,395 | €2,620 | -€3,776 | -59.0% |
| Other amounts payable | 47/48 | €139,932 | €136,737 | -€3,196 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,249 | €17,483 | +€234 | +1.4% |
| Other operating charges | 640/8 | €11,123 | €9,369 | -€1,754 | -15.8% |
| Gross operating margin | 9900 | €4,744 | €2,809 | -€1,935 | -40.8% |
| Operating profit (loss) | 9901 | -€23,628 | -€24,043 | -€415 | -1.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €198 | €79 | -€119 | -60.0% |
| Recurring financial charges | 65 | €198 | €79 | -€119 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,826 | -€24,119 | -€293 | -1.2% |
| Income taxes | 67/77 | €116 | - | -€116 | |
| Profit (loss) for the period | 9904 | -€23,942 | -€24,119 | -€177 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,942 | -€24,119 | -€177 | -0.7% |
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 11 October 2026 via checked.be.