JAFARI: what changed
Two fiscal 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.
JAFARI
Largest movements
- Receivables within one year +€199,039
up €199,039 (+294.6%), from €67,572 to €266,612
of which Other amounts receivable: +€114,621
- Cash +€54,724
up €54,724 (+70.7%), from €77,412 to €132,136
mainly Net result for the year (+€241,064) and Tax, wage and social debts (+€28,444)
- Financial fixed assets +€35,500
new in 2025: €35,500
- Reserves +€241,064
up €241,064 (+149.3%), from €161,430 to €402,494
- Tax, wage and social debts +€28,444
up €28,444 (+825.6%), from €3,445 to €31,889
- Short-term financial debts +€15,300
new in 2025: €15,300
- Gross operating margin +€109,823
up €109,823 (+48.6%), from €226,018 to €335,841
- Taxes +€25,996
up €25,996 (+51.1%), from €50,893 to €76,889
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 | €172,764 | €461,377 | +€288,613 | +167.1% |
| Fixed assets | 21/28 | €27,340 | €61,206 | +€33,866 | +123.9% |
| Tangible fixed assets | 22/27 | €27,340 | €25,706 | -€1,634 | -6.0% |
| Furniture and vehicles | 24 | €27,340 | €25,706 | -€1,634 | -6.0% |
| Financial fixed assets | 28 | - | €35,500 | +€35,500 | |
| Current assets | 29/58 | €145,424 | €400,171 | +€254,748 | +175.2% |
| Amounts receivable within one year | 40/41 | €67,572 | €266,612 | +€199,039 | +294.6% |
| Trade receivables | 40 | €51,217 | €135,635 | +€84,418 | +164.8% |
| Other amounts receivable | 41 | €16,356 | €130,977 | +€114,621 | +700.8% |
| Cash at bank and in hand | 54/58 | €77,412 | €132,136 | +€54,724 | +70.7% |
| Deferred charges and accrued income | 490/1 | €439 | €1,424 | +€985 | +224.1% |
| Total equity and liabilities | 10/49 | €172,764 | €461,377 | +€288,613 | +167.1% |
| Equity | 10/15 | €169,250 | €410,315 | +€241,064 | +142.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €161,430 | €402,494 | +€241,064 | +149.3% |
| Distributable reserves | 133 | €161,430 | €402,494 | +€241,064 | +149.3% |
| Profit (loss) carried forward | 14 | €4,820 | €4,820 | = | 0.0% |
| Amounts payable | 17/49 | €3,514 | €51,062 | +€47,549 | +1353.3% |
| Amounts payable within one year | 42/48 | €3,445 | €50,994 | +€47,549 | +1380.2% |
| Financial debts | 43 | - | €15,300 | +€15,300 | |
| Credit institutions | 430/8 | - | €15,300 | +€15,300 | |
| Trade debts | 44 | - | €3,805 | +€3,805 | |
| Suppliers | 440/4 | - | €3,805 | +€3,805 | |
| Taxes, remuneration and social security | 45 | €3,445 | €31,889 | +€28,444 | +825.6% |
| Taxes | 450/3 | €3,445 | €31,889 | +€28,444 | +825.6% |
| Accrued charges and deferred income | 492/3 | €69 | €69 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,271 | €15,173 | +€1,903 | +14.3% |
| Other operating charges | 640/8 | €300 | €1,249 | +€949 | +316.9% |
| Gross operating margin | 9900 | €226,018 | €335,841 | +€109,823 | +48.6% |
| Operating profit (loss) | 9901 | €212,448 | €319,419 | +€106,971 | +50.4% |
| Financial charges | 65/66B | €125 | €1,465 | +€1,340 | +1069.8% |
| Recurring financial charges | 65 | €125 | €1,465 | +€1,340 | +1069.8% |
| Profit (loss) for the period before taxes | 9903 | €212,323 | €317,953 | +€105,631 | +49.8% |
| Income taxes | 67/77 | €50,893 | €76,889 | +€25,996 | +51.1% |
| Profit (loss) for the period | 9904 | €161,430 | €241,064 | +€79,635 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,430 | €241,064 | +€79,635 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.