JAFEMINI: 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.
JAFEMINI
Largest movements
- Cash +€9,214
up €9,214 (+326%), from €2,822 to €12,036
mainly Net result for the year (+€18,778) and Depreciation (+€9,224)
- Receivables within one year -€8,919
down €8,919 (-20.7%), from €42,988 to €34,069
of which Trade receivables: -€8,215
- Intangible fixed assets -€6,500
down €6,500 (-33.3%), from €19,500 to €13,000
- Stocks and contracts +€1,086
up €1,086 (+47.7%), from €2,277 to €3,362
- Profit (loss) carried forward +€18,778
up €18,778 (+35.6%), from -€52,724 to -€33,947
- Other debts -€12,398
down €12,398 (-28.8%), from €42,985 to €30,587
- Accrued charges and deferred income -€9,000
down €9,000 (-21.6%), from €41,700 to €32,700
- Current portion of long-term debt -€5,644
no longer reported in 2025 (was €5,644)
- Tax, wage and social debts +€3,093
up €3,093 (+43.8%), from €7,054 to €10,147
of which Taxes: +€1,946
- Staff costs -€68,261
down €68,261 (-49.7%), from €137,449 to €69,188
- Gross operating margin -€49,078
down €49,078 (-32.5%), from €151,012 to €101,934
- Financial charges -€1,817
down €1,817 (-42.9%), from €4,236 to €2,419
- Financial income -€1,805
down €1,805 (-100.0%), from €1,806 to €1
- Depreciation -€1,515
down €1,515 (-14.1%), from €10,739 to €9,224
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 | €74,266 | €69,017 | -€5,249 | -7.1% |
| Fixed assets | 21/28 | €26,179 | €19,550 | -€6,629 | -25.3% |
| Intangible fixed assets | 21 | €19,500 | €13,000 | -€6,500 | -33.3% |
| Tangible fixed assets | 22/27 | €6,229 | €6,100 | -€129 | -2.1% |
| Plant, machinery and equipment | 23 | €4,128 | €4,448 | +€320 | +7.7% |
| Furniture and vehicles | 24 | €322 | €173 | -€149 | -46.3% |
| Other tangible fixed assets | 26 | €1,779 | €1,479 | -€300 | -16.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €48,087 | €49,468 | +€1,381 | +2.9% |
| Stocks and contracts in progress | 3 | €2,277 | €3,362 | +€1,086 | +47.7% |
| Stocks | 30/36 | €2,277 | €3,362 | +€1,086 | +47.7% |
| Amounts receivable within one year | 40/41 | €42,988 | €34,069 | -€8,919 | -20.7% |
| Trade receivables | 40 | €42,147 | €33,932 | -€8,215 | -19.5% |
| Other amounts receivable | 41 | €841 | €137 | -€704 | -83.8% |
| Cash at bank and in hand | 54/58 | €2,822 | €12,036 | +€9,214 | +326% |
| Total equity and liabilities | 10/49 | €74,266 | €69,017 | -€5,249 | -7.1% |
| Equity | 10/15 | -€37,724 | -€18,947 | +€18,778 | +49.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,724 | -€33,947 | +€18,778 | +35.6% |
| Amounts payable | 17/49 | €111,990 | €87,964 | -€24,026 | -21.5% |
| Amounts payable within one year | 42/48 | €70,290 | €55,264 | -€15,026 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €5,644 | - | -€5,644 | |
| Trade debts | 44 | €14,607 | €14,530 | -€77 | -0.5% |
| Suppliers | 440/4 | €14,607 | €14,530 | -€77 | -0.5% |
| Taxes, remuneration and social security | 45 | €7,054 | €10,147 | +€3,093 | +43.8% |
| Taxes | 450/3 | €1,270 | €3,215 | +€1,946 | +153% |
| Remuneration and social security | 454/9 | €5,784 | €6,931 | +€1,147 | +19.8% |
| Other amounts payable | 47/48 | €42,985 | €30,587 | -€12,398 | -28.8% |
| Accrued charges and deferred income | 492/3 | €41,700 | €32,700 | -€9,000 | -21.6% |
| Remuneration, social security and pensions | 62 | €137,449 | €69,188 | -€68,261 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,739 | €9,224 | -€1,515 | -14.1% |
| Other operating charges | 640/8 | €3,684 | €2,325 | -€1,359 | -36.9% |
| Gross operating margin | 9900 | €151,012 | €101,934 | -€49,078 | -32.5% |
| Operating profit (loss) | 9901 | -€860 | €21,196 | +€22,056 | |
| Financial income | 75/76B | €1,806 | €1 | -€1,805 | -100.0% |
| Recurring financial income | 75 | €1,806 | €1 | -€1,805 | -100.0% |
| Financial charges | 65/66B | €4,236 | €2,419 | -€1,817 | -42.9% |
| Recurring financial charges | 65 | €4,236 | €2,419 | -€1,817 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,290 | €18,778 | +€22,068 | |
| Profit (loss) for the period | 9904 | -€3,290 | €18,778 | +€22,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,290 | €18,778 | +€22,068 |
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 21 October 2026 via checked.be.