JAFINCO: what changed
JAFINCO
Largest movements
- Tangible fixed assets +€130,913
up €130,913 (+746%), from €17,538 to €148,451
of which Land and buildings: +€133,313
- Cash +€22,079
up €22,079 (+354%), from €6,244 to €28,322
mainly Debts after one year (+€129,110) and Net result for the year (+€15,623)
- Receivables within one year -€11,621
down €11,621 (-79.3%), from €14,647 to €3,027
of which Trade receivables: -€11,884
- Debts after one year +€129,110
new in 2025: €129,110
- Reserves +€15,623
up €15,623 (+251%), from €6,233 to €21,856
- Other debts -€13,710
down €13,710 (-71.7%), from €19,133 to €5,423
- Current portion of long-term debt +€4,730
new in 2025: €4,730
- Tax, wage and social debts +€4,247
up €4,247 (+34.0%), from €12,498 to €16,745
of which Taxes: +€6,747
- Gross operating margin +€21,581
up €21,581 (+166%), from €13,018 to €34,599
- Depreciation +€7,147
up €7,147 (+385%), from €1,854 to €9,001
- Taxes +€3,875
up €3,875 (+157%), from €2,471 to €6,345
- Financial charges +€1,678
up €1,678 (+16,616%), from €10 to €1,688
- Other operating charges -€509
down €509 (-20.8%), from €2,450 to €1,941
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,364 | €180,457 | +€140,093 | +347% |
| Formation expenses | 20 | €958 | €0 | -€958 | -100% |
| Fixed assets | 21/28 | €17,538 | €148,451 | +€130,913 | +746% |
| Tangible fixed assets | 22/27 | €17,538 | €148,451 | +€130,913 | +746% |
| Land and buildings | 22 | - | €133,313 | +€133,313 | |
| Furniture and vehicles | 24 | €17,538 | €15,137 | -€2,401 | -13.7% |
| Current assets | 29/58 | €21,868 | €32,006 | +€10,138 | +46.4% |
| Amounts receivable within one year | 40/41 | €14,647 | €3,027 | -€11,621 | -79.3% |
| Trade receivables | 40 | €14,646 | €2,763 | -€11,884 | -81.1% |
| Other amounts receivable | 41 | €1 | €264 | +€263 | +22,869% |
| Cash at bank and in hand | 54/58 | €6,244 | €28,322 | +€22,079 | +354% |
| Deferred charges and accrued income | 490/1 | €977 | €657 | -€320 | -32.7% |
| Total equity and liabilities | 10/49 | €40,364 | €180,457 | +€140,093 | +347% |
| Equity | 10/15 | €8,733 | €24,356 | +€15,623 | +179% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,233 | €21,856 | +€15,623 | +251% |
| Distributable reserves | 133 | €6,233 | €21,856 | +€15,623 | +251% |
| Amounts payable | 17/49 | €31,631 | €156,100 | +€124,469 | +394% |
| Amounts payable after more than one year | 17 | - | €129,110 | +€129,110 | |
| Financial debts | 170/4 | - | €129,110 | +€129,110 | |
| Amounts payable within one year | 42/48 | €31,631 | €26,990 | -€4,641 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,730 | +€4,730 | |
| Trade debts | 44 | - | €92 | +€92 | |
| Suppliers | 440/4 | - | €92 | +€92 | |
| Taxes, remuneration and social security | 45 | €12,498 | €16,745 | +€4,247 | +34.0% |
| Taxes | 450/3 | €9,998 | €16,745 | +€6,747 | +67.5% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €19,133 | €5,423 | -€13,710 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,854 | €9,001 | +€7,147 | +385% |
| Other operating charges | 640/8 | €2,450 | €1,941 | -€509 | -20.8% |
| Gross operating margin | 9900 | €13,018 | €34,599 | +€21,581 | +166% |
| Operating profit (loss) | 9901 | €8,714 | €23,657 | +€14,943 | +171% |
| Financial charges | 65/66B | €10 | €1,688 | +€1,678 | +16,616% |
| Recurring financial charges | 65 | €10 | €1,688 | +€1,678 | +16,616% |
| Profit (loss) for the period before taxes | 9903 | €8,704 | €21,969 | +€13,265 | +152% |
| Income taxes | 67/77 | €2,471 | €6,345 | +€3,875 | +157% |
| Profit (loss) for the period | 9904 | €6,233 | €15,623 | +€9,390 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €6,233 | €15,623 | +€9,390 | +151% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.