JAFEMA: 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.
JAFEMA
Largest movements
- Financial fixed assets +€613,300
up €613,300 (+8.7%), from €7.1m to €7.7m
- Receivables within one year +€433,386
up €433,386 (+4215.6%), from €10,281 to €443,667
- Reserves +€1.2m
new in 2025: €1.2m
- Other debts +€291,753
up €291,753 (+110.3%), from €264,424 to €556,176
- Current portion of long-term debt -€227,934
down €227,934 (-51.6%), from €441,718 to €213,783
- Debts after one year -€213,783
down €213,783 (-3.6%), from €5.9m to €5.7m
of which Other amounts payable: -€213,783
- Profit (loss) carried forward -€156,808
down €156,808 (-100.0%), from €156,808 to €0
- Financial income +€1.0m
up €1.0m (+250.0%), from €400,000 to €1.4m
- Taxes +€124,164
new in 2025: €124,164
- Financial charges +€13,900
up €13,900 (+3188.1%), from €436 to €14,336
- Gross operating margin +€10,806
up €10,806 (+35.4%), from -€30,522 to -€19,716
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 | €7,083,549 | €8,142,579 | +€1.1m | +15.0% |
| Fixed assets | 21/28 | €7,072,375 | €7,685,675 | +€613,300 | +8.7% |
| Financial fixed assets | 28 | €7,072,375 | €7,685,675 | +€613,300 | +8.7% |
| Current assets | 29/58 | €11,174 | €456,904 | +€445,730 | +3989.1% |
| Amounts receivable within one year | 40/41 | €10,281 | €443,667 | +€433,386 | +4215.6% |
| Other amounts receivable | 41 | €10,281 | €443,667 | +€433,386 | +4215.6% |
| Cash at bank and in hand | 54/58 | €893 | €13,237 | +€12,344 | +1381.9% |
| Total equity and liabilities | 10/49 | €7,083,549 | €8,142,579 | +€1.1m | +15.0% |
| Equity | 10/15 | €456,808 | €1,541,639 | +€1.1m | +237.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | - | €1,241,639 | +€1.2m | |
| Distributable reserves | 133 | - | €1,241,639 | +€1.2m | |
| Profit (loss) carried forward | 14 | €156,808 | €0 | -€156,808 | -100.0% |
| Amounts payable | 17/49 | €6,626,741 | €6,600,940 | -€25,801 | -0.4% |
| Amounts payable after more than one year | 17 | €5,920,536 | €5,706,752 | -€213,783 | -3.6% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,420,536 | €3,206,752 | -€213,783 | -6.2% |
| Amounts payable within one year | 42/48 | €706,205 | €894,187 | +€187,982 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €441,718 | €213,783 | -€227,934 | -51.6% |
| Trade debts | 44 | €64 | €64 | = | 0.0% |
| Suppliers | 440/4 | €64 | €64 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €124,164 | +€124,164 | |
| Taxes | 450/3 | - | €124,164 | +€124,164 | |
| Other amounts payable | 47/48 | €264,424 | €556,176 | +€291,753 | +110.3% |
| Other operating charges | 640/8 | €272 | €144 | -€128 | -47.1% |
| Gross operating margin | 9900 | -€30,522 | -€19,716 | +€10,806 | +35.4% |
| Operating profit (loss) | 9901 | -€30,795 | -€19,860 | +€10,934 | +35.5% |
| Financial income | 75/76B | €400,000 | €1,400,000 | +€1.0m | +250.0% |
| Recurring financial income | 75 | €400,000 | €1,400,000 | +€1.0m | +250.0% |
| Financial charges | 65/66B | €436 | €14,336 | +€13,900 | +3188.1% |
| Recurring financial charges | 65 | €436 | €14,336 | +€13,900 | +3188.1% |
| Profit (loss) for the period before taxes | 9903 | €368,769 | €1,365,803 | +€997,034 | +270.4% |
| Income taxes | 67/77 | - | €124,164 | +€124,164 | |
| Profit (loss) for the period | 9904 | €368,769 | €1,241,639 | +€872,870 | +236.7% |
| Profit (loss) for the period to be appropriated | 9905 | €368,769 | €1,241,639 | +€872,870 | +236.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.