J.F.D.: 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.
J.F.D.
Largest movements
- Receivables within one year +€14,381
up €14,381 (+32.0%), from €45,007 to €59,388
of which Other amounts receivable: +€53,723
- Stocks and contracts -€2,155
down €2,155 (-1.6%), from €138,769 to €136,614
- Trade debts +€27,318
up €27,318 (+17.9%), from €152,219 to €179,537
- Tax, wage and social debts -€10,815
down €10,815 (-29.2%), from €37,004 to €26,189
- Profit (loss) carried forward +€6,521
up €6,521 (+6.0%), from -€109,302 to -€102,781
- Short-term financial debts -€5,959
down €5,959 (-7.1%), from €83,952 to €77,993
- Accrued charges and deferred income -€2,774
no longer reported in 2025 (was €2,774)
- Other operating charges -€1,808
down €1,808 (-36.7%), from €4,933 to €3,124
- Financial income +€1,329
up €1,329 (+107,152%), from €1 to €1,330
- Gross operating margin -€1,280
down €1,280 (-6.9%), from €18,558 to €17,277
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 | €190,806 | €203,049 | +€12,243 | +6.4% |
| Fixed assets | 21/28 | €2,986 | €2,986 | = | 0.0% |
| Financial fixed assets | 28 | €2,986 | €2,986 | = | 0.0% |
| Current assets | 29/58 | €187,820 | €200,063 | +€12,243 | +6.5% |
| Stocks and contracts in progress | 3 | €138,769 | €136,614 | -€2,155 | -1.6% |
| Stocks | 30/36 | €138,769 | €136,614 | -€2,155 | -1.6% |
| Amounts receivable within one year | 40/41 | €45,007 | €59,388 | +€14,381 | +32.0% |
| Trade receivables | 40 | €39,342 | - | -€39,342 | |
| Other amounts receivable | 41 | €5,665 | €59,388 | +€53,723 | +948% |
| Cash at bank and in hand | 54/58 | €690 | €1,559 | +€869 | +126% |
| Deferred charges and accrued income | 490/1 | €3,354 | €2,501 | -€853 | -25.4% |
| Total equity and liabilities | 10/49 | €190,806 | €203,049 | +€12,243 | +6.4% |
| Equity | 10/15 | -€88,850 | -€82,329 | +€6,521 | +7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,302 | -€102,781 | +€6,521 | +6.0% |
| Amounts payable | 17/49 | €279,656 | €285,378 | +€5,722 | +2.0% |
| Amounts payable within one year | 42/48 | €276,882 | €285,378 | +€8,496 | +3.1% |
| Financial debts | 43 | €83,952 | €77,993 | -€5,959 | -7.1% |
| Credit institutions | 430/8 | €83,952 | €77,993 | -€5,959 | -7.1% |
| Trade debts | 44 | €152,219 | €179,537 | +€27,318 | +17.9% |
| Suppliers | 440/4 | €152,219 | €179,537 | +€27,318 | +17.9% |
| Taxes, remuneration and social security | 45 | €37,004 | €26,189 | -€10,815 | -29.2% |
| Taxes | 450/3 | €37,004 | €26,189 | -€10,815 | -29.2% |
| Other amounts payable | 47/48 | €3,708 | €1,660 | -€2,049 | -55.2% |
| Accrued charges and deferred income | 492/3 | €2,774 | - | -€2,774 | |
| Other operating charges | 640/8 | €4,933 | €3,124 | -€1,808 | -36.7% |
| Gross operating margin | 9900 | €18,558 | €17,277 | -€1,280 | -6.9% |
| Operating profit (loss) | 9901 | €13,625 | €14,153 | +€528 | +3.9% |
| Financial income | 75/76B | €1 | €1,330 | +€1,329 | +107,152% |
| Recurring financial income | 75 | €1 | €1,330 | +€1,329 | +107,152% |
| Financial charges | 65/66B | €8,622 | €8,684 | +€62 | +0.7% |
| Recurring financial charges | 65 | €8,622 | €8,684 | +€62 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €5,004 | €6,799 | +€1,794 | +35.9% |
| Income taxes | 67/77 | €187 | €278 | +€90 | +48.2% |
| Profit (loss) for the period | 9904 | €4,817 | €6,521 | +€1,704 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,817 | €6,521 | +€1,704 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.