JAFLECHA: what changed
Two fiscal 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.
What changed
JAFLECHA
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€266,946
2024 · -€321,031+€587,977
Equity
€620,983
2024 · €354,038+€266,946
Cash
€46,392
2024 · €14,905+€31,487
Balance sheet total
€12.1m
2024 · €9.9m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+21.2%), from €9.9m to €11.9m
of which Other tangible fixed assets: +€2.0m
Equity and liabilities
- Current portion of long-term debt +€1.4m
up €1.4m (+632.7%), from €214,187 to €1.6m
- Other debts +€372,039
up €372,039 (+7.3%), from €5.1m to €5.5m
- Profit (loss) carried forward +€272,234
up €272,234 (+52.2%), from -€521,804 to -€249,570
- Trade debts +€122,170
up €122,170 (+293.1%), from €41,683 to €163,853
Income statement
- Gross operating margin +€835,601
up €835,601 (+724.7%), from €115,300 to €950,900
- Depreciation +€132,624
up €132,624 (+43.7%), from €303,193 to €435,817
- Financial charges +€79,430
up €79,430 (+66.1%), from €120,231 to €199,661
- Other operating charges +€34,837
up €34,837 (+236.2%), from €14,751 to €49,588
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.
Result 2024
-€321,031
Gross operating margin
+€835,601
Depreciation
-€132,624
Other operating charges
-€34,837
Financial income
+€276
Financial charges
-€79,430
Taxes
-€1,009
Result 2025
€266,946
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.
From operations
+€1.1m
Investment
-€2.5m
Financing
+€1.4m
Cash 2024
€14,905
From operations (derived)
+€1.1m
Net result for the year
+€266,946
Depreciation
+€435,817
Receivables within one year
-€83,562
Smaller working-capital items
-€1,634
Trade debts
+€122,170
Tax, wage and social debts
+€10,845
Other debts
+€372,039
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€1.4m
Debts after one year
+€79,649
Current portion of long-term debt
+€1.4m
Cash 2025
€46,392
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,916,521 | €12,121,539 | +€2.2m | +22.2% |
| Fixed assets | 21/28 | €9,857,418 | €11,947,487 | +€2.1m | +21.2% |
| Tangible fixed assets | 22/27 | €9,857,418 | €11,947,487 | +€2.1m | +21.2% |
| Land and buildings | 22 | €9,660,803 | €9,836,256 | +€175,453 | +1.8% |
| Plant, machinery and equipment | 23 | €1,631 | - | -€1,631 | |
| Furniture and vehicles | 24 | €144,984 | €102,221 | -€42,763 | -29.5% |
| Other tangible fixed assets | 26 | €50,000 | €2,009,009 | +€2.0m | +3918.0% |
| Current assets | 29/58 | €59,103 | €174,052 | +€114,949 | +194.5% |
| Amounts receivable within one year | 40/41 | €44,098 | €127,660 | +€83,562 | +189.5% |
| Trade receivables | 40 | €44,098 | €127,647 | +€83,549 | +189.5% |
| Other amounts receivable | 41 | €0 | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €14,905 | €46,392 | +€31,487 | +211.2% |
| Deferred charges and accrued income | 490/1 | €100 | - | -€100 | |
| Total equity and liabilities | 10/49 | €9,916,521 | €12,121,539 | +€2.2m | +22.2% |
| Equity | 10/15 | €354,038 | €620,983 | +€266,946 | +75.4% |
| Contributions | 10/11 | €643,600 | €643,600 | = | 0.0% |
| Reserves | 13 | €232,241 | €226,953 | -€5,288 | -2.3% |
| Non-distributable reserves | 130/1 | €0 | €68,300 | +€68,300 | |
| Reserves not available under the articles | 1311 | €0 | €68,300 | +€68,300 | |
| Tax-exempt reserves | 132 | €163,941 | €158,653 | -€5,288 | -3.2% |
| Distributable reserves | 133 | €68,300 | - | -€68,300 | |
| Profit (loss) carried forward | 14 | -€521,804 | -€249,570 | +€272,234 | +52.2% |
| Provisions and deferred taxes | 16 | €54,647 | €52,884 | -€1,763 | -3.2% |
| Deferred taxes | 168 | €54,647 | €52,884 | -€1,763 | -3.2% |
| Amounts payable | 17/49 | €9,507,836 | €11,447,671 | +€1.9m | +20.4% |
| Amounts payable after more than one year | 17 | €4,120,157 | €4,199,805 | +€79,649 | +1.9% |
| Financial debts | 170/4 | €4,120,157 | €4,199,805 | +€79,649 | +1.9% |
| Amounts payable within one year | 42/48 | €5,386,708 | €7,246,866 | +€1.9m | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €214,187 | €1,569,290 | +€1.4m | +632.7% |
| Trade debts | 44 | €41,683 | €163,853 | +€122,170 | +293.1% |
| Suppliers | 440/4 | €41,683 | €163,853 | +€122,170 | +293.1% |
| Taxes, remuneration and social security | 45 | €6,611 | €17,456 | +€10,845 | +164.1% |
| Taxes | 450/3 | €6,611 | €17,456 | +€10,845 | +164.1% |
| Other amounts payable | 47/48 | €5,124,227 | €5,496,267 | +€372,039 | +7.3% |
| Accrued charges and deferred income | 492/3 | €971 | €1,000 | +€29 | +3.0% |
| Non-recurring operating income | 76A | - | €417,025 | +€417,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,193 | €435,817 | +€132,624 | +43.7% |
| Other operating charges | 640/8 | €14,751 | €49,588 | +€34,837 | +236.2% |
| Gross operating margin | 9900 | €115,300 | €950,900 | +€835,601 | +724.7% |
| Operating profit (loss) | 9901 | -€202,644 | €465,496 | +€668,140 | |
| Financial income | 75/76B | €197 | €473 | +€276 | +139.7% |
| Recurring financial income | 75 | €197 | €473 | +€276 | +139.7% |
| Financial charges | 65/66B | €120,231 | €199,661 | +€79,430 | +66.1% |
| Recurring financial charges | 65 | €120,231 | €199,661 | +€79,430 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€322,678 | €266,308 | +€588,986 | |
| Transfer from deferred taxes | 780 | €1,763 | €1,763 | = | 0.0% |
| Income taxes | 67/77 | €116 | €1,125 | +€1,009 | +868.2% |
| Profit (loss) for the period | 9904 | -€321,031 | €266,946 | +€587,977 | |
| Transfer from tax-exempt reserves | 789 | €5,288 | €5,288 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€315,743 | €272,234 | +€587,977 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.