J&FA: 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&FA
Largest movements
- Cash +€83,038
up €83,038 (+73.7%), from €112,665 to €195,703
mainly Net result for the year (+€65,547) and Tax, wage and social debts (+€19,980)
- Tangible fixed assets -€9,227
down €9,227 (-46.0%), from €20,062 to €10,834
of which Furniture and vehicles: -€7,705
- Receivables within one year -€4,691
down €4,691 (-13.7%), from €34,163 to €29,471
of which Trade receivables: -€5,084
- Deferred charges and accrued income -€3,109
down €3,109 (-60.7%), from €5,122 to €2,012
- Stocks and contracts +€2,574
up €2,574 (+129%), from €2,000 to €4,574
- Reserves +€65,547
up €65,547 (+50.1%), from €130,901 to €196,448
- Tax, wage and social debts +€19,980
up €19,980 (+206%), from €9,721 to €29,700
of which Remuneration and social security: +€10,022
- Other debts -€10,015
down €10,015 (-49.3%), from €20,320 to €10,305
- Current portion of long-term debt -€6,967
no longer reported in 2025 (was €6,967)
- Gross operating margin +€53,101
up €53,101 (+65.4%), from €81,166 to €134,267
- Depreciation -€27,148
down €27,148 (-72.7%), from €37,345 to €10,197
- Taxes +€15,081
up €15,081 (+121%), from €12,513 to €27,594
- Staff costs +€13,912
up €13,912 (+111%), from €12,521 to €26,434
- Other operating charges +€1,349
up €1,349 (+57.0%), from €2,367 to €3,715
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 | €177,148 | €244,763 | +€67,615 | +38.2% |
| Fixed assets | 21/28 | €23,199 | €13,002 | -€10,197 | -44.0% |
| Intangible fixed assets | 21 | €3,137 | €2,168 | -€969 | -30.9% |
| Tangible fixed assets | 22/27 | €20,062 | €10,834 | -€9,227 | -46.0% |
| Land and buildings | 22 | €9,267 | €8,666 | -€601 | -6.5% |
| Plant, machinery and equipment | 23 | €3,075 | €2,153 | -€921 | -30.0% |
| Furniture and vehicles | 24 | €7,720 | €15 | -€7,705 | -99.8% |
| Current assets | 29/58 | €153,949 | €231,761 | +€77,811 | +50.5% |
| Stocks and contracts in progress | 3 | €2,000 | €4,574 | +€2,574 | +129% |
| Stocks | 30/36 | €2,000 | €4,574 | +€2,574 | +129% |
| Amounts receivable within one year | 40/41 | €34,163 | €29,471 | -€4,691 | -13.7% |
| Trade receivables | 40 | €13,040 | €7,957 | -€5,084 | -39.0% |
| Other amounts receivable | 41 | €21,122 | €21,515 | +€393 | +1.9% |
| Cash at bank and in hand | 54/58 | €112,665 | €195,703 | +€83,038 | +73.7% |
| Deferred charges and accrued income | 490/1 | €5,122 | €2,012 | -€3,109 | -60.7% |
| Total equity and liabilities | 10/49 | €177,148 | €244,763 | +€67,615 | +38.2% |
| Equity | 10/15 | €135,901 | €201,448 | +€65,547 | +48.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,901 | €196,448 | +€65,547 | +50.1% |
| Distributable reserves | 133 | €130,901 | €196,448 | +€65,547 | +50.1% |
| Amounts payable | 17/49 | €41,247 | €43,315 | +€2,068 | +5.0% |
| Amounts payable within one year | 42/48 | €41,247 | €43,315 | +€2,068 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €6,967 | - | -€6,967 | |
| Trade debts | 44 | €4,240 | €3,310 | -€931 | -21.9% |
| Suppliers | 440/4 | €4,240 | €3,310 | -€931 | -21.9% |
| Taxes, remuneration and social security | 45 | €9,721 | €29,700 | +€19,980 | +206% |
| Taxes | 450/3 | €6,209 | €16,167 | +€9,958 | +160% |
| Remuneration and social security | 454/9 | €3,511 | €13,533 | +€10,022 | +285% |
| Other amounts payable | 47/48 | €20,320 | €10,305 | -€10,015 | -49.3% |
| Remuneration, social security and pensions | 62 | €12,521 | €26,434 | +€13,912 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,345 | €10,197 | -€27,148 | -72.7% |
| Other operating charges | 640/8 | €2,367 | €3,715 | +€1,349 | +57.0% |
| Gross operating margin | 9900 | €81,166 | €134,267 | +€53,101 | +65.4% |
| Operating profit (loss) | 9901 | €28,933 | €93,921 | +€64,988 | +225% |
| Financial income | 75/76B | €0 | €11 | +€11 | +4,674% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +4,674% |
| Financial charges | 65/66B | €1,516 | €791 | -€725 | -47.8% |
| Recurring financial charges | 65 | €1,516 | €791 | -€725 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €27,417 | €93,141 | +€65,724 | +240% |
| Income taxes | 67/77 | €12,513 | €27,594 | +€15,081 | +121% |
| Profit (loss) for the period | 9904 | €14,904 | €65,547 | +€50,643 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €14,904 | €65,547 | +€50,643 | +340% |
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 14 October 2026 via checked.be.