J-Force: 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-Force
Largest movements
- Tangible fixed assets +€51,967
up €51,967 (+9.8%), from €529,869 to €581,836
of which Land and buildings: +€26,175
- Cash -€46,843
down €46,843 (-84.7%), from €55,309 to €8,466
mainly Investment in fixed assets (net) (-€75,911) and Other debts (-€10,196)
- Debts after one year +€20,814
up €20,814 (+7.1%), from €291,640 to €312,453
- Other debts -€10,196
down €10,196 (-7.5%), from €136,143 to €125,947
- Gross operating margin -€24,777
down €24,777 (-36.2%), from €68,465 to €43,688
- Taxes -€5,680
down €5,680 (-98.3%), from €5,778 to €98
- Other operating charges -€1,553
down €1,553 (-41.5%), from €3,740 to €2,187
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 | €588,548 | €600,787 | +€12,240 | +2.1% |
| Fixed assets | 21/28 | €529,869 | €581,836 | +€51,967 | +9.8% |
| Tangible fixed assets | 22/27 | €529,869 | €581,836 | +€51,967 | +9.8% |
| Land and buildings | 22 | €529,869 | €556,045 | +€26,175 | +4.9% |
| Furniture and vehicles | 24 | - | €25,792 | +€25,792 | |
| Current assets | 29/58 | €58,678 | €18,951 | -€39,727 | -67.7% |
| Amounts receivable within one year | 40/41 | €3,369 | €7,395 | +€4,026 | +119.5% |
| Trade receivables | 40 | - | €2,856 | +€2,856 | |
| Other amounts receivable | 41 | €3,369 | €4,539 | +€1,170 | +34.7% |
| Cash at bank and in hand | 54/58 | €55,309 | €8,466 | -€46,843 | -84.7% |
| Deferred charges and accrued income | 490/1 | - | €3,090 | +€3,090 | |
| Total equity and liabilities | 10/49 | €588,548 | €600,787 | +€12,240 | +2.1% |
| Equity | 10/15 | €128,153 | €128,447 | +€294 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,153 | €28,447 | +€294 | +1.0% |
| Amounts payable | 17/49 | €460,394 | €472,340 | +€11,946 | +2.6% |
| Amounts payable after more than one year | 17 | €291,640 | €312,453 | +€20,814 | +7.1% |
| Financial debts | 170/4 | €291,640 | €312,453 | +€20,814 | +7.1% |
| Amounts payable within one year | 42/48 | €168,755 | €159,887 | -€8,868 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €28,402 | €29,186 | +€784 | +2.8% |
| Taxes, remuneration and social security | 45 | €4,209 | €4,753 | +€544 | +12.9% |
| Taxes | 450/3 | €4,209 | €4,753 | +€544 | +12.9% |
| Other amounts payable | 47/48 | €136,143 | €125,947 | -€10,196 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,213 | €23,944 | -€269 | -1.1% |
| Other operating charges | 640/8 | €3,740 | €2,187 | -€1,553 | -41.5% |
| Gross operating margin | 9900 | €68,465 | €43,688 | -€24,777 | -36.2% |
| Operating profit (loss) | 9901 | €40,511 | €17,557 | -€22,955 | -56.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €17,536 | €17,165 | -€371 | -2.1% |
| Recurring financial charges | 65 | €17,536 | €17,165 | -€371 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €22,977 | €392 | -€22,585 | -98.3% |
| Income taxes | 67/77 | €5,778 | €98 | -€5,680 | -98.3% |
| Profit (loss) for the period | 9904 | €17,199 | €294 | -€16,905 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,199 | €294 | -€16,905 | -98.3% |
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 10 October 2026 via checked.be.