JAFICO: 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.
JAFICO
Largest movements
- Tangible fixed assets -€4,520
down €4,520 (-17.3%), from €26,187 to €21,667
of which Furniture and vehicles: -€6,366
- Receivables within one year +€1,941
up €1,941 (+148%), from €1,310 to €3,251
of which Trade receivables: +€1,264
- Cash +€981
up €981 (+8.3%), from €11,775 to €12,756
mainly Depreciation (+€8,063) and Net result for the year (+€3,834)
- Debts after one year -€6,298
down €6,298 (-62.1%), from €10,134 to €3,836
- Profit (loss) carried forward +€2,208
no longer reported in 2025 (was -€2,208)
- Reserves +€1,626
up €1,626 (+25.2%), from €6,449 to €8,075
- Gross operating margin +€2,014
up €2,014 (+17.8%), from €11,312 to €13,326
- Depreciation -€941
down €941 (-10.4%), from €9,004 to €8,063
- Taxes +€423
up €423, from -€261 to €163
- Financial charges -€311
down €311 (-25.1%), from €1,237 to €926
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 | €41,254 | €39,848 | -€1,406 | -3.4% |
| Fixed assets | 21/28 | €26,187 | €21,667 | -€4,520 | -17.3% |
| Tangible fixed assets | 22/27 | €26,187 | €21,667 | -€4,520 | -17.3% |
| Plant, machinery and equipment | 23 | €4,785 | €6,631 | +€1,846 | +38.6% |
| Furniture and vehicles | 24 | €21,402 | €15,036 | -€6,366 | -29.7% |
| Current assets | 29/58 | €15,067 | €18,181 | +€3,114 | +20.7% |
| Amounts receivable within one year | 40/41 | €1,310 | €3,251 | +€1,941 | +148% |
| Trade receivables | 40 | €965 | €2,229 | +€1,264 | +131% |
| Other amounts receivable | 41 | €346 | €1,022 | +€676 | +196% |
| Cash at bank and in hand | 54/58 | €11,775 | €12,756 | +€981 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,982 | €2,174 | +€192 | +9.7% |
| Total equity and liabilities | 10/49 | €41,254 | €39,848 | -€1,406 | -3.4% |
| Equity | 10/15 | €24,241 | €28,075 | +€3,834 | +15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,449 | €8,075 | +€1,626 | +25.2% |
| Distributable reserves | 133 | €6,449 | €8,075 | +€1,626 | +25.2% |
| Profit (loss) carried forward | 14 | -€2,208 | - | +€2,208 | |
| Amounts payable | 17/49 | €17,012 | €11,772 | -€5,240 | -30.8% |
| Amounts payable after more than one year | 17 | €10,134 | €3,836 | -€6,298 | -62.1% |
| Financial debts | 170/4 | €10,134 | €3,836 | -€6,298 | -62.1% |
| Amounts payable within one year | 42/48 | €6,879 | €7,937 | +€1,058 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €5,963 | €6,298 | +€335 | +5.6% |
| Trade debts | 44 | €523 | €863 | +€340 | +65.1% |
| Suppliers | 440/4 | €523 | €863 | +€340 | +65.1% |
| Taxes, remuneration and social security | 45 | - | €163 | +€163 | |
| Taxes | 450/3 | - | €163 | +€163 | |
| Other amounts payable | 47/48 | €393 | €613 | +€220 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €8,063 | -€941 | -10.4% |
| Other operating charges | 640/8 | €345 | €350 | +€4 | +1.3% |
| Gross operating margin | 9900 | €11,312 | €13,326 | +€2,014 | +17.8% |
| Operating profit (loss) | 9901 | €1,963 | €4,913 | +€2,950 | +150% |
| Financial income | 75/76B | €0 | €10 | +€10 | +2,100% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +2,100% |
| Financial charges | 65/66B | €1,237 | €926 | -€311 | -25.1% |
| Recurring financial charges | 65 | €1,237 | €926 | -€311 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €726 | €3,997 | +€3,270 | +450% |
| Income taxes | 67/77 | -€261 | €163 | +€423 | |
| Profit (loss) for the period | 9904 | €987 | €3,834 | +€2,847 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €987 | €3,834 | +€2,847 | +288% |
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 29 October 2026 via checked.be.