Jaflor: 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
Jaflor
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,972
2024 · €52,332-€35,361
Equity
€4.3m
2024 · €4.3m+€16,972
Cash
€425,925
2024 · €437,829-€11,904
Balance sheet total
€5.6m
2024 · €5.8m-€231,810
Largest movements
Assets
- Tangible fixed assets -€141,569
down €141,569 (-2.7%), from €5.3m to €5.2m
of which Land and buildings: -€118,185
- Receivables within one year -€87,025
down €87,025 (-99.7%), from €87,301 to €276
of which Other amounts receivable: -€69,964
Equity and liabilities
- Debts after one year -€300,000
down €300,000 (-36.1%), from €830,000 to €530,000
- Other debts +€63,188
up €63,188 (+62.1%), from €101,760 to €164,948
Income statement
- Gross operating margin -€157,224
down €157,224 (-34.2%), from €460,047 to €302,823
- Depreciation -€96,994
down €96,994 (-31.4%), from €309,136 to €212,142
- Taxes -€46,378
down €46,378 (-45.8%), from €101,195 to €54,818
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
€52,332
Gross operating margin
-€157,224
Depreciation
+€96,994
Other operating charges
+€453
Financial income
+€1,892
Financial charges
-€2,521
Taxes
+€46,378
Deferred taxes and other
-€21,332
Result 2025
€16,972
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
+€358,669
Investment
-€70,573
Financing
-€300,000
Cash 2024
€437,829
From operations (derived)
+€358,669
Net result for the year
+€16,972
Depreciation
+€212,142
Receivables within one year
+€87,025
Deferred charges and accrued income
-€8,688
Provisions
-€29,558
Trade debts
+€381
Tax, wage and social debts
+€4,818
Other debts
+€63,188
Accrued charges and deferred income
+€12,390
Investment (derived)
-€70,573
Investment in fixed assets (net)
-€70,573
Financing
-€300,000
Debts after one year
-€300,000
Cash 2025
€425,925
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,849,496 | €5,617,686 | -€231,810 | -4.0% |
| Fixed assets | 21/28 | €5,307,595 | €5,166,027 | -€141,569 | -2.7% |
| Tangible fixed assets | 22/27 | €5,307,595 | €5,166,027 | -€141,569 | -2.7% |
| Land and buildings | 22 | €4,996,648 | €4,878,463 | -€118,185 | -2.4% |
| Plant, machinery and equipment | 23 | €193,540 | €200,270 | +€6,730 | +3.5% |
| Furniture and vehicles | 24 | €117,407 | €87,293 | -€30,114 | -25.6% |
| Current assets | 29/58 | €541,900 | €451,659 | -€90,241 | -16.7% |
| Amounts receivable within one year | 40/41 | €87,301 | €276 | -€87,025 | -99.7% |
| Trade receivables | 40 | €17,061 | €0 | -€17,061 | -100.0% |
| Other amounts receivable | 41 | €70,240 | €276 | -€69,964 | -99.6% |
| Cash at bank and in hand | 54/58 | €437,829 | €425,925 | -€11,904 | -2.7% |
| Deferred charges and accrued income | 490/1 | €16,770 | €25,458 | +€8,688 | +51.8% |
| Total equity and liabilities | 10/49 | €5,849,496 | €5,617,686 | -€231,810 | -4.0% |
| Equity | 10/15 | €4,308,434 | €4,325,406 | +€16,972 | +0.4% |
| Contributions | 10/11 | €1,295,349 | €1,295,349 | = | 0.0% |
| Reserves | 13 | €3,013,086 | €3,030,057 | +€16,972 | +0.6% |
| Tax-exempt reserves | 132 | €1,694,673 | €1,605,160 | -€89,513 | -5.3% |
| Distributable reserves | 133 | €1,318,413 | €1,424,898 | +€106,485 | +8.1% |
| Provisions and deferred taxes | 16 | €535,774 | €506,216 | -€29,558 | -5.5% |
| Deferred taxes | 168 | €535,774 | €506,216 | -€29,558 | -5.5% |
| Amounts payable | 17/49 | €1,005,287 | €786,064 | -€219,223 | -21.8% |
| Amounts payable after more than one year | 17 | €830,000 | €530,000 | -€300,000 | -36.1% |
| Financial debts | 170/4 | €830,000 | €530,000 | -€300,000 | -36.1% |
| Amounts payable within one year | 42/48 | €160,496 | €228,883 | +€68,387 | +42.6% |
| Trade debts | 44 | €12,541 | €12,922 | +€381 | +3.0% |
| Suppliers | 440/4 | €12,541 | €12,922 | +€381 | +3.0% |
| Taxes, remuneration and social security | 45 | €46,195 | €51,013 | +€4,818 | +10.4% |
| Taxes | 450/3 | €46,195 | €51,013 | +€4,818 | +10.4% |
| Other amounts payable | 47/48 | €101,760 | €164,948 | +€63,188 | +62.1% |
| Accrued charges and deferred income | 492/3 | €14,791 | €27,181 | +€12,390 | +83.8% |
| Non-recurring operating income | 76A | €53,385 | €0 | -€53,385 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,136 | €212,142 | -€96,994 | -31.4% |
| Other operating charges | 640/8 | €33,722 | €33,268 | -€453 | -1.3% |
| Gross operating margin | 9900 | €460,047 | €302,823 | -€157,224 | -34.2% |
| Operating profit (loss) | 9901 | €117,190 | €57,413 | -€59,777 | -51.0% |
| Financial income | 75/76B | €400 | €2,292 | +€1,892 | +473.1% |
| Recurring financial income | 75 | €400 | €2,292 | +€1,892 | +473.1% |
| Financial charges | 65/66B | €14,953 | €17,473 | +€2,521 | +16.9% |
| Recurring financial charges | 65 | €14,953 | €17,473 | +€2,521 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €102,637 | €42,231 | -€60,406 | -58.9% |
| Transfer from deferred taxes | 780 | €50,891 | €29,558 | -€21,332 | -41.9% |
| Income taxes | 67/77 | €101,195 | €54,818 | -€46,378 | -45.8% |
| Profit (loss) for the period | 9904 | €52,332 | €16,972 | -€35,361 | -67.6% |
| Transfer from tax-exempt reserves | 789 | €153,511 | €89,513 | -€63,997 | -41.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €205,843 | €106,485 | -€99,358 | -48.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.