J.F.G.: 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.G.
Largest movements
- Tangible fixed assets -€16,236
down €16,236 (-4.7%), from €346,250 to €330,014
of which Land and buildings: -€15,340
- Intangible fixed assets -€13,208
down €13,208 (-14.3%), from €92,455 to €79,247
- Receivables within one year -€6,432
down €6,432 (-39.6%), from €16,260 to €9,828
of which Other amounts receivable: -€12,197
- Profit (loss) carried forward -€29,887
down €29,887 (-9.1%), from -€327,179 to -€357,066
- Short-term financial debts -€9,609
down €9,609 (-91.6%), from €10,496 to €887
- Gross operating margin +€66,525
up €66,525, from -€51,516 to €15,009
- Financial charges -€52,167
down €52,167 (-86.4%), from €60,400 to €8,233
of which Non-recurring financial charges: -€50,000
- Other operating charges +€1,371
up €1,371 (+29.8%), from €4,599 to €5,970
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 | €461,258 | €427,785 | -€33,473 | -7.3% |
| Fixed assets | 21/28 | €441,022 | €411,578 | -€29,443 | -6.7% |
| Intangible fixed assets | 21 | €92,455 | €79,247 | -€13,208 | -14.3% |
| Tangible fixed assets | 22/27 | €346,250 | €330,014 | -€16,236 | -4.7% |
| Land and buildings | 22 | €343,484 | €328,144 | -€15,340 | -4.5% |
| Plant, machinery and equipment | 23 | €2,151 | €1,809 | -€342 | -15.9% |
| Furniture and vehicles | 24 | €615 | €61 | -€553 | -90.0% |
| Financial fixed assets | 28 | €2,317 | €2,317 | = | 0.0% |
| Current assets | 29/58 | €20,237 | €16,207 | -€4,030 | -19.9% |
| Amounts receivable within one year | 40/41 | €16,260 | €9,828 | -€6,432 | -39.6% |
| Trade receivables | 40 | €3,630 | €9,395 | +€5,765 | +158.8% |
| Other amounts receivable | 41 | €12,630 | €433 | -€12,197 | -96.6% |
| Cash at bank and in hand | 54/58 | €217 | €3,475 | +€3,259 | +1504.5% |
| Deferred charges and accrued income | 490/1 | €3,760 | €2,903 | -€856 | -22.8% |
| Total equity and liabilities | 10/49 | €461,258 | €427,785 | -€33,473 | -7.3% |
| Equity | 10/15 | -€308,579 | -€338,466 | -€29,887 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,179 | -€357,066 | -€29,887 | -9.1% |
| Amounts payable | 17/49 | €769,838 | €766,252 | -€3,586 | -0.5% |
| Amounts payable after more than one year | 17 | €752,887 | €752,000 | -€887 | -0.1% |
| Financial debts | 170/4 | €752,887 | €752,000 | -€887 | -0.1% |
| Amounts payable within one year | 42/48 | €16,951 | €14,252 | -€2,699 | -15.9% |
| Financial debts | 43 | €10,496 | €887 | -€9,609 | -91.6% |
| Other loans | 439 | €10,496 | €887 | -€9,609 | -91.6% |
| Trade debts | 44 | €5,748 | €9,965 | +€4,217 | +73.4% |
| Suppliers | 440/4 | €5,748 | €9,965 | +€4,217 | +73.4% |
| Taxes, remuneration and social security | 45 | €708 | €2,537 | +€1,830 | +258.6% |
| Taxes | 450/3 | €708 | €2,537 | +€1,830 | +258.6% |
| Other amounts payable | 47/48 | €0 | €863 | +€863 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,829 | €30,421 | -€408 | -1.3% |
| Other operating charges | 640/8 | €4,599 | €5,970 | +€1,371 | +29.8% |
| Gross operating margin | 9900 | -€51,516 | €15,009 | +€66,525 | |
| Operating profit (loss) | 9901 | -€86,944 | -€21,382 | +€65,561 | +75.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €60,400 | €8,233 | -€52,167 | -86.4% |
| Recurring financial charges | 65 | €10,400 | €8,233 | -€2,167 | -20.8% |
| Non-recurring financial charges | 66B | €50,000 | €0 | -€50,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€147,344 | -€29,616 | +€117,728 | +79.9% |
| Income taxes | 67/77 | €422 | €271 | -€151 | -35.7% |
| Profit (loss) for the period | 9904 | -€147,766 | -€29,887 | +€117,879 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,766 | -€29,887 | +€117,879 | +79.8% |
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 12 October 2026 via checked.be.