JAFRACO: 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.
JAFRACO
Largest movements
- Cash -€242,874
down €242,874 (-83.7%), from €290,167 to €47,293
mainly Investment in fixed assets (net) (-€270,315) and Receivables within one year (-€125,357)
- Tangible fixed assets +€238,533
up €238,533 (+3,160%), from €7,549 to €246,082
of which Land and buildings: +€175,000
- Receivables within one year +€125,357
up €125,357 (+90.4%), from €138,631 to €263,988
of which Other amounts receivable: +€126,103
- Deferred charges and accrued income +€7,702
up €7,702 (+13.9%), from €55,273 to €62,975
- Debts after one year +€112,559
up €112,559 (+662%), from €17,000 to €129,559
of which Financial debts: +€112,559
- Current portion of long-term debt +€10,694
new in 2025: €10,694
- Reserves +€9,148
up €9,148 (+2.9%), from €311,042 to €320,190
- Depreciation +€30,066
up €30,066 (+1,753%), from €1,716 to €31,782
- Gross operating margin +€17,339
up €17,339 (+69.6%), from €24,920 to €42,259
- Financial income -€8,488
down €8,488 (-46.3%), from €18,318 to €9,830
- Taxes -€6,227
down €6,227 (-59.3%), from €10,495 to €4,268
- Financial charges +€1,476
up €1,476 (+37.4%), from €3,950 to €5,426
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 | €519,804 | €648,521 | +€128,717 | +24.8% |
| Fixed assets | 21/28 | €35,733 | €274,266 | +€238,533 | +668% |
| Tangible fixed assets | 22/27 | €7,549 | €246,082 | +€238,533 | +3,160% |
| Land and buildings | 22 | - | €175,000 | +€175,000 | |
| Plant, machinery and equipment | 23 | €2,699 | €5,328 | +€2,629 | +97.4% |
| Furniture and vehicles | 24 | €0 | €61,801 | +€61,801 | |
| Other tangible fixed assets | 26 | €4,849 | €3,952 | -€897 | -18.5% |
| Financial fixed assets | 28 | €28,184 | €28,184 | = | 0.0% |
| Current assets | 29/58 | €484,072 | €374,256 | -€109,816 | -22.7% |
| Amounts receivable within one year | 40/41 | €138,631 | €263,988 | +€125,357 | +90.4% |
| Trade receivables | 40 | €33,263 | €32,517 | -€746 | -2.2% |
| Other amounts receivable | 41 | €105,368 | €231,471 | +€126,103 | +120% |
| Cash at bank and in hand | 54/58 | €290,167 | €47,293 | -€242,874 | -83.7% |
| Deferred charges and accrued income | 490/1 | €55,273 | €62,975 | +€7,702 | +13.9% |
| Total equity and liabilities | 10/49 | €519,804 | €648,521 | +€128,717 | +24.8% |
| Equity | 10/15 | €357,372 | €366,520 | +€9,148 | +2.6% |
| Contributions | 10/11 | €46,330 | €46,330 | = | 0.0% |
| Reserves | 13 | €311,042 | €320,190 | +€9,148 | +2.9% |
| Distributable reserves | 133 | €311,042 | €320,190 | +€9,148 | +2.9% |
| Provisions and deferred taxes | 16 | €68,337 | €68,337 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,337 | €68,337 | = | 0.0% |
| Pensions and similar obligations | 160 | €68,337 | €68,337 | = | 0.0% |
| Amounts payable | 17/49 | €94,095 | €213,664 | +€119,569 | +127% |
| Amounts payable after more than one year | 17 | €17,000 | €129,559 | +€112,559 | +662% |
| Financial debts | 170/4 | - | €112,559 | +€112,559 | |
| Other amounts payable | 178/9 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,056 | €79,719 | +€5,662 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,694 | +€10,694 | |
| Trade debts | 44 | €3,744 | €3,867 | +€123 | +3.3% |
| Suppliers | 440/4 | €3,744 | €3,867 | +€123 | +3.3% |
| Taxes, remuneration and social security | 45 | €27,402 | €21,034 | -€6,368 | -23.2% |
| Taxes | 450/3 | €11,402 | €11,333 | -€69 | -0.6% |
| Remuneration and social security | 454/9 | €16,000 | €9,701 | -€6,299 | -39.4% |
| Other amounts payable | 47/48 | €42,910 | €44,123 | +€1,213 | +2.8% |
| Accrued charges and deferred income | 492/3 | €3,039 | €4,387 | +€1,348 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €31,782 | +€30,066 | +1,753% |
| Other operating charges | 640/8 | €1,077 | €1,465 | +€388 | +36.1% |
| Gross operating margin | 9900 | €24,920 | €42,259 | +€17,339 | +69.6% |
| Operating profit (loss) | 9901 | €22,127 | €9,012 | -€13,116 | -59.3% |
| Financial income | 75/76B | €18,318 | €9,830 | -€8,488 | -46.3% |
| Recurring financial income | 75 | €18,318 | €9,830 | -€8,488 | -46.3% |
| Financial charges | 65/66B | €3,950 | €5,426 | +€1,476 | +37.4% |
| Recurring financial charges | 65 | €3,950 | €5,426 | +€1,476 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €36,495 | €13,416 | -€23,080 | -63.2% |
| Income taxes | 67/77 | €10,495 | €4,268 | -€6,227 | -59.3% |
| Profit (loss) for the period | 9904 | €26,000 | €9,148 | -€16,853 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,000 | €9,148 | -€16,853 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.