JAFIR: 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.
JAFIR
Largest movements
- Cash -€56,873
down €56,873 (-42.1%), from €135,000 to €78,127
mainly Net result for the year (-€53,864) and Receivables within one year (-€6,844)
- Receivables within one year +€6,844
up €6,844 (+7.1%), from €96,541 to €103,386
of which Trade receivables: +€14,401
- Stocks and contracts -€4,435
down €4,435 (-3.5%), from €127,541 to €123,106
- Profit (loss) carried forward -€53,864
down €53,864 (-17.6%), from €306,175 to €252,311
- Trade debts +€5,376
up €5,376 (+140%), from €3,837 to €9,213
- Tax, wage and social debts -€5,227
down €5,227 (-37.8%), from €13,824 to €8,596
of which Taxes: -€7,488
- Staff costs +€35,152
up €35,152 (+145%), from €24,171 to €59,322
- Gross operating margin +€28,226
up €28,226, from -€16,807 to €11,419
- Financial charges +€2,573
up €2,573 (+1,217%), from €211 to €2,784
- Financial income -€1,361
no longer reported in 2025 (was €1,361)
- Other operating charges +€706
up €706 (+67.9%), from €1,039 to €1,745
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 | €361,970 | €308,441 | -€53,529 | -14.8% |
| Fixed assets | 21/28 | €2,506 | €1,075 | -€1,431 | -57.1% |
| Tangible fixed assets | 22/27 | €2,010 | €579 | -€1,431 | -71.2% |
| Plant, machinery and equipment | 23 | €1,197 | €198 | -€998 | -83.4% |
| Furniture and vehicles | 24 | €52 | - | -€52 | |
| Other tangible fixed assets | 26 | €762 | €381 | -€381 | -50.0% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €359,464 | €307,366 | -€52,097 | -14.5% |
| Stocks and contracts in progress | 3 | €127,541 | €123,106 | -€4,435 | -3.5% |
| Stocks | 30/36 | €127,541 | €123,106 | -€4,435 | -3.5% |
| Amounts receivable within one year | 40/41 | €96,541 | €103,386 | +€6,844 | +7.1% |
| Trade receivables | 40 | €32,163 | €46,564 | +€14,401 | +44.8% |
| Other amounts receivable | 41 | €64,378 | €56,821 | -€7,556 | -11.7% |
| Cash at bank and in hand | 54/58 | €135,000 | €78,127 | -€56,873 | -42.1% |
| Deferred charges and accrued income | 490/1 | €382 | €2,748 | +€2,366 | +620% |
| Total equity and liabilities | 10/49 | €361,970 | €308,441 | -€53,529 | -14.8% |
| Equity | 10/15 | €336,575 | €282,711 | -€53,864 | -16.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,807 | €11,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,402 | €4,402 | = | 0.0% |
| Distributable reserves | 133 | €5,546 | €5,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,175 | €252,311 | -€53,864 | -17.6% |
| Amounts payable | 17/49 | €25,395 | €25,731 | +€336 | +1.3% |
| Amounts payable within one year | 42/48 | €24,855 | €24,992 | +€137 | +0.5% |
| Trade debts | 44 | €3,837 | €9,213 | +€5,376 | +140% |
| Suppliers | 440/4 | €3,837 | €9,213 | +€5,376 | +140% |
| Taxes, remuneration and social security | 45 | €13,824 | €8,596 | -€5,227 | -37.8% |
| Taxes | 450/3 | €7,488 | - | -€7,488 | |
| Remuneration and social security | 454/9 | €6,336 | €8,596 | +€2,260 | +35.7% |
| Other amounts payable | 47/48 | €7,194 | €7,183 | -€12 | -0.2% |
| Accrued charges and deferred income | 492/3 | €540 | €739 | +€199 | +36.9% |
| Remuneration, social security and pensions | 62 | €24,171 | €59,322 | +€35,152 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,637 | €1,431 | -€206 | -12.6% |
| Other operating charges | 640/8 | €1,039 | €1,745 | +€706 | +67.9% |
| Gross operating margin | 9900 | -€16,807 | €11,419 | +€28,226 | |
| Operating profit (loss) | 9901 | -€43,654 | -€51,080 | -€7,426 | -17.0% |
| Financial income | 75/76B | €1,361 | - | -€1,361 | |
| Recurring financial income | 75 | €1,361 | - | -€1,361 | |
| Financial charges | 65/66B | €211 | €2,784 | +€2,573 | +1,217% |
| Recurring financial charges | 65 | €211 | €2,784 | +€2,573 | +1,217% |
| Profit (loss) for the period before taxes | 9903 | -€42,504 | -€53,864 | -€11,359 | -26.7% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€42,504 | -€53,864 | -€11,360 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,504 | -€53,864 | -€11,360 | -26.7% |
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 18 October 2026 via checked.be.