J.F. MODE BELGIUM: 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. MODE BELGIUM
Largest movements
- Stocks and contracts +€27,369
up €27,369 (+16.5%), from €166,040 to €193,409
- Cash +€7,519
up €7,519 (+46.6%), from €16,141 to €23,659
mainly Trade debts (+€56,399) and Other debts (+€17,149)
- Deferred charges and accrued income +€5,179
up €5,179 (+142%), from €3,637 to €8,816
- Trade debts +€56,399
up €56,399 (+224%), from €25,215 to €81,614
- Reserves -€34,452
no longer reported in 2025 (was €34,452)
- Other debts +€17,149
up €17,149 (+23.9%), from €71,843 to €88,992
- Tax, wage and social debts +€12,572
up €12,572 (+31.4%), from €39,981 to €52,553
of which Remuneration and social security: +€25,147
- Profit (loss) carried forward -€12,499
down €12,499 (-27.8%), from -€44,891 to -€57,390
- Staff costs +€29,325
up €29,325 (+13.5%), from €216,999 to €246,324
- Financial charges +€6,503
up €6,503 (+749%), from €868 to €7,371
- Financial income -€3,163
down €3,163 (-83.4%), from €3,793 to €630
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 | €251,243 | €289,909 | +€38,666 | +15.4% |
| Fixed assets | 21/28 | €11,101 | €11,452 | +€351 | +3.2% |
| Tangible fixed assets | 22/27 | €9,800 | €10,151 | +€351 | +3.6% |
| Plant, machinery and equipment | 23 | €9,800 | €10,151 | +€351 | +3.6% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €240,141 | €278,457 | +€38,316 | +16.0% |
| Stocks and contracts in progress | 3 | €166,040 | €193,409 | +€27,369 | +16.5% |
| Stocks | 30/36 | €166,040 | €193,409 | +€27,369 | +16.5% |
| Amounts receivable within one year | 40/41 | €54,323 | €52,572 | -€1,751 | -3.2% |
| Trade receivables | 40 | €54,029 | €34,697 | -€19,332 | -35.8% |
| Other amounts receivable | 41 | €294 | €17,875 | +€17,581 | +5,972% |
| Cash at bank and in hand | 54/58 | €16,141 | €23,659 | +€7,519 | +46.6% |
| Deferred charges and accrued income | 490/1 | €3,637 | €8,816 | +€5,179 | +142% |
| Total equity and liabilities | 10/49 | €251,243 | €289,909 | +€38,666 | +15.4% |
| Equity | 10/15 | €111,401 | €64,450 | -€46,951 | -42.1% |
| Contributions | 10/11 | €121,840 | €121,840 | = | 0.0% |
| Reserves | 13 | €34,452 | - | -€34,452 | |
| Non-distributable reserves | 130/1 | €34,452 | - | -€34,452 | |
| Reserves not available under the articles | 1311 | €34,452 | - | -€34,452 | |
| Profit (loss) carried forward | 14 | -€44,891 | -€57,390 | -€12,499 | -27.8% |
| Amounts payable | 17/49 | €139,842 | €225,459 | +€85,617 | +61.2% |
| Amounts payable within one year | 42/48 | €138,342 | €223,159 | +€84,817 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €1,303 | - | -€1,303 | |
| Trade debts | 44 | €25,215 | €81,614 | +€56,399 | +224% |
| Suppliers | 440/4 | €25,215 | €81,614 | +€56,399 | +224% |
| Taxes, remuneration and social security | 45 | €39,981 | €52,553 | +€12,572 | +31.4% |
| Taxes | 450/3 | €20,738 | €8,163 | -€12,575 | -60.6% |
| Remuneration and social security | 454/9 | €19,243 | €44,390 | +€25,147 | +131% |
| Other amounts payable | 47/48 | €71,843 | €88,992 | +€17,149 | +23.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,300 | +€800 | +53.3% |
| Remuneration, social security and pensions | 62 | €216,999 | €246,324 | +€29,325 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,052 | €2,909 | -€143 | -4.7% |
| Other operating charges | 640/8 | €1,109 | €1,191 | +€82 | +7.4% |
| Gross operating margin | 9900 | €212,264 | €210,214 | -€2,050 | -1.0% |
| Operating profit (loss) | 9901 | -€8,896 | -€40,210 | -€31,314 | -352% |
| Financial income | 75/76B | €3,793 | €630 | -€3,163 | -83.4% |
| Recurring financial income | 75 | €3,793 | €630 | -€3,163 | -83.4% |
| Financial charges | 65/66B | €868 | €7,371 | +€6,503 | +749% |
| Recurring financial charges | 65 | €868 | €7,371 | +€6,503 | +749% |
| Profit (loss) for the period before taxes | 9903 | -€5,971 | -€46,951 | -€40,980 | -686% |
| Profit (loss) for the period | 9904 | -€5,971 | -€46,951 | -€40,980 | -686% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,971 | -€46,951 | -€40,980 | -686% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.