JAIF: 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.
JAIF
Largest movements
- Receivables within one year +€19,236
up €19,236 (+45.3%), from €42,484 to €61,720
of which Trade receivables: +€16,668
- Cash -€14,302
down €14,302 (-6.5%), from €219,642 to €205,339
mainly Receivables within one year (-€19,236) and Investment in fixed assets (net) (-€3,166)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€28,201
down €28,201 (-74.1%), from €38,066 to €9,865
- Financial charges -€4,792
down €4,792 (-95.0%), from €5,044 to €251
- Taxes +€1,414
new in 2025: €1,414
- Depreciation +€892
up €892 (+25.2%), from €3,537 to €4,429
- Other operating charges -€390
down €390 (-40.6%), from €960 to €570
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,413 | €338,490 | +€4,077 | +1.2% |
| Fixed assets | 21/28 | €67,577 | €66,314 | -€1,263 | -1.9% |
| Tangible fixed assets | 22/27 | €6,500 | €5,237 | -€1,263 | -19.4% |
| Land and buildings | 22 | €1,616 | €1,526 | -€90 | -5.6% |
| Plant, machinery and equipment | 23 | - | €974 | +€974 | |
| Furniture and vehicles | 24 | €2,402 | €1,510 | -€891 | -37.1% |
| Other tangible fixed assets | 26 | €2,482 | €1,226 | -€1,256 | -50.6% |
| Financial fixed assets | 28 | €61,077 | €61,077 | = | 0.0% |
| Current assets | 29/58 | €266,836 | €272,176 | +€5,340 | +2.0% |
| Amounts receivable within one year | 40/41 | €42,484 | €61,720 | +€19,236 | +45.3% |
| Trade receivables | 40 | €42,484 | €59,152 | +€16,668 | +39.2% |
| Other amounts receivable | 41 | - | €2,568 | +€2,568 | |
| Cash at bank and in hand | 54/58 | €219,642 | €205,339 | -€14,302 | -6.5% |
| Deferred charges and accrued income | 490/1 | €4,709 | €5,116 | +€406 | +8.6% |
| Total equity and liabilities | 10/49 | €334,413 | €338,490 | +€4,077 | +1.2% |
| Equity | 10/15 | €262,712 | €265,913 | +€3,201 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,652 | €257,853 | +€3,201 | +1.3% |
| Amounts payable | 17/49 | €71,700 | €72,576 | +€876 | +1.2% |
| Amounts payable after more than one year | 17 | €8,250 | €8,250 | = | 0.0% |
| Other amounts payable | 178/9 | €8,250 | €8,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,450 | €64,326 | +€876 | +1.4% |
| Trade debts | 44 | €766 | €2,188 | +€1,422 | +185.6% |
| Suppliers | 440/4 | €766 | €2,188 | +€1,422 | +185.6% |
| Taxes, remuneration and social security | 45 | €3,169 | €2,853 | -€316 | -10.0% |
| Taxes | 450/3 | €3,169 | €2,853 | -€316 | -10.0% |
| Other amounts payable | 47/48 | €59,515 | €59,285 | -€230 | -0.4% |
| Non-recurring operating income | 76A | €715 | - | -€715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,537 | €4,429 | +€892 | +25.2% |
| Other operating charges | 640/8 | €960 | €570 | -€390 | -40.6% |
| Gross operating margin | 9900 | €38,066 | €9,865 | -€28,201 | -74.1% |
| Operating profit (loss) | 9901 | €33,570 | €4,865 | -€28,704 | -85.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -60.6% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -60.6% |
| Financial charges | 65/66B | €5,044 | €251 | -€4,792 | -95.0% |
| Recurring financial charges | 65 | €5,044 | €251 | -€4,792 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €28,528 | €4,615 | -€23,913 | -83.8% |
| Income taxes | 67/77 | - | €1,414 | +€1,414 | |
| Profit (loss) for the period | 9904 | €28,528 | €3,201 | -€25,327 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,528 | €3,201 | -€25,327 | -88.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.