JAFA: 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.
JAFA
Largest movements
- Cash +€6,171
up €6,171 (+17.1%), from €36,166 to €42,337
mainly Net result for the year (+€6,140) and Trade debts (+€2,850)
- Receivables within one year -€838
down €838 (-58.3%), from €1,438 to €600
of which Trade receivables: -€838
- Reserves +€6,140
up €6,140 (+24.0%), from €25,593 to €31,733
of which Distributable reserves: +€6,140
- Trade debts +€2,850
up €2,850 (+285,000%), from €1 to €2,851
- Advances received -€2,542
down €2,542 (-31.4%), from €8,105 to €5,563
- Tax, wage and social debts -€1,958
down €1,958 (-37.8%), from €5,181 to €3,223
- Other debts +€843
up €843 (+23.2%), from €3,634 to €4,477
- Gross operating margin -€4,039
down €4,039 (-26.4%), from €15,315 to €11,276
- Turnover -€3,596
down €3,596 (-13.3%), from €27,105 to €23,509
- Taxes -€1,959
down €1,959 (-37.8%), from €5,182 to €3,223
- Other operating charges +€1,396
up €1,396 (+236%), from €592 to €1,988
- Purchases and services +€443
up €443 (+3.8%), from €11,790 to €12,233
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 | €47,604 | €52,937 | +€5,333 | +11.2% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €37,604 | €42,937 | +€5,333 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,438 | €600 | -€838 | -58.3% |
| Trade receivables | 40 | €1,338 | €500 | -€838 | -62.6% |
| Other amounts receivable | 41 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,166 | €42,337 | +€6,171 | +17.1% |
| Total equity and liabilities | 10/49 | €47,604 | €52,937 | +€5,333 | +11.2% |
| Equity | 10/15 | €29,483 | €35,623 | +€6,140 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,593 | €31,733 | +€6,140 | +24.0% |
| Non-distributable reserves | 130/1 | €283 | €283 | = | 0.0% |
| Reserves not available under the articles | 1311 | €283 | €283 | = | 0.0% |
| Distributable reserves | 133 | €25,310 | €31,450 | +€6,140 | +24.3% |
| Profit (loss) carried forward | 14 | -€2,310 | -€2,310 | = | 0.0% |
| Amounts payable | 17/49 | €18,121 | €17,314 | -€807 | -4.5% |
| Amounts payable within one year | 42/48 | €16,921 | €16,114 | -€807 | -4.8% |
| Trade debts | 44 | €1 | €2,851 | +€2,850 | +285,000% |
| Suppliers | 440/4 | €1 | €2,851 | +€2,850 | +285,000% |
| Advances received on contracts in progress | 46 | €8,105 | €5,563 | -€2,542 | -31.4% |
| Taxes, remuneration and social security | 45 | €5,181 | €3,223 | -€1,958 | -37.8% |
| Taxes | 450/3 | €5,181 | €3,223 | -€1,958 | -37.8% |
| Other amounts payable | 47/48 | €3,634 | €4,477 | +€843 | +23.2% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Turnover | 70 | €27,105 | €23,509 | -€3,596 | -13.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,790 | €12,233 | +€443 | +3.8% |
| Other operating charges | 640/8 | €592 | €1,988 | +€1,396 | +236% |
| Gross operating margin | 9900 | €15,315 | €11,276 | -€4,039 | -26.4% |
| Operating profit (loss) | 9901 | €14,723 | €9,288 | -€5,435 | -36.9% |
| Financial income | 75/76B | €252 | €120 | -€132 | -52.4% |
| Recurring financial income | 75 | €252 | €120 | -€132 | -52.4% |
| Financial charges | 65/66B | €147 | €45 | -€102 | -69.4% |
| Recurring financial charges | 65 | €147 | €45 | -€102 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €14,828 | €9,363 | -€5,465 | -36.9% |
| Income taxes | 67/77 | €5,182 | €3,223 | -€1,959 | -37.8% |
| Profit (loss) for the period | 9904 | €9,646 | €6,140 | -€3,506 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,646 | €6,140 | -€3,506 | -36.3% |
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 28 October 2026 via checked.be.