JCF CONCEPT: 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.
JCF CONCEPT
Largest movements
- Stocks and contracts -€154,631
down €154,631 (-88.4%), from €174,995 to €20,364
- Receivables after one year -€40,404
down €40,404 (-31.3%), from €129,280 to €88,876
- Tangible fixed assets +€36,163
up €36,163 (+2.9%), from €1.3m to €1.3m
of which Land and buildings: +€35,265
- Receivables within one year +€35,667
up €35,667 (+129%), from €27,588 to €63,255
of which Other amounts receivable: +€37,833
- Cash +€33,496
up €33,496 (+139%), from €24,163 to €57,659
mainly Stocks and contracts (+€154,631) and Depreciation (+€96,838)
- Revaluation surpluses -€68,083
down €68,083 (-6.5%), from €1.0m to €980,711
- Reserves +€68,082
up €68,082 (+138%), from €49,333 to €117,415
- Profit (loss) carried forward -€53,357
down €53,357, from €6,530 to -€46,827
- Tax, wage and social debts -€44,983
down €44,983 (-54.0%), from €83,372 to €38,389
- Gross operating margin -€14,831
down €14,831 (-15.6%), from €94,826 to €79,995
- Taxes -€7,997
down €7,997 (-34.5%), from €23,193 to €15,196
- Depreciation +€3,710
up €3,710 (+4.0%), from €93,128 to €96,838
- Other operating charges +€2,243
up €2,243 (+51.2%), from €4,381 to €6,624
- Financial charges +€1,436
up €1,436 (+10.8%), from €13,257 to €14,693
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,698,580 | €1,607,628 | -€90,952 | -5.4% |
| Fixed assets | 21/28 | €1,336,483 | €1,372,646 | +€36,163 | +2.7% |
| Tangible fixed assets | 22/27 | €1,257,145 | €1,293,308 | +€36,163 | +2.9% |
| Land and buildings | 22 | €1,238,800 | €1,274,065 | +€35,265 | +2.8% |
| Plant, machinery and equipment | 23 | €127 | - | -€127 | |
| Furniture and vehicles | 24 | €18,218 | €19,243 | +€1,025 | +5.6% |
| Financial fixed assets | 28 | €79,338 | €79,338 | +€0 | 0.0% |
| Current assets | 29/58 | €362,097 | €234,982 | -€127,115 | -35.1% |
| Amounts receivable after more than one year | 29 | €129,280 | €88,876 | -€40,404 | -31.3% |
| Trade receivables | 290 | €129,280 | €88,876 | -€40,404 | -31.3% |
| Stocks and contracts in progress | 3 | €174,995 | €20,364 | -€154,631 | -88.4% |
| Stocks | 30/36 | €174,995 | €20,364 | -€154,631 | -88.4% |
| Amounts receivable within one year | 40/41 | €27,588 | €63,255 | +€35,667 | +129% |
| Trade receivables | 40 | €2,166 | - | -€2,166 | |
| Other amounts receivable | 41 | €25,422 | €63,255 | +€37,833 | +149% |
| Cash at bank and in hand | 54/58 | €24,163 | €57,659 | +€33,496 | +139% |
| Deferred charges and accrued income | 490/1 | €6,071 | €4,827 | -€1,244 | -20.5% |
| Total equity and liabilities | 10/49 | €1,698,580 | €1,607,628 | -€90,952 | -5.4% |
| Equity | 10/15 | €1,166,630 | €1,113,273 | -€53,357 | -4.6% |
| Contributions | 10/11 | €61,973 | €61,973 | +€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | +€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €1,048,794 | €980,711 | -€68,083 | -6.5% |
| Reserves | 13 | €49,333 | €117,415 | +€68,082 | +138% |
| Distributable reserves | 133 | €49,333 | €117,415 | +€68,082 | +138% |
| Profit (loss) carried forward | 14 | €6,530 | -€46,827 | -€53,357 | |
| Amounts payable | 17/49 | €531,950 | €494,355 | -€37,595 | -7.1% |
| Amounts payable after more than one year | 17 | €433,390 | €433,390 | +€0 | 0.0% |
| Financial debts | 170/4 | €433,390 | €433,390 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €95,309 | €55,510 | -€39,799 | -41.8% |
| Financial debts | 43 | €5,732 | - | -€5,732 | |
| Credit institutions | 430/8 | €5,732 | - | -€5,732 | |
| Trade debts | 44 | €48 | €10,964 | +€10,916 | +22,742% |
| Suppliers | 440/4 | €48 | €10,964 | +€10,916 | +22,742% |
| Taxes, remuneration and social security | 45 | €83,372 | €38,389 | -€44,983 | -54.0% |
| Taxes | 450/3 | €83,372 | €38,389 | -€44,983 | -54.0% |
| Other amounts payable | 47/48 | €6,157 | €6,158 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,251 | €5,454 | +€2,203 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,128 | €96,838 | +€3,710 | +4.0% |
| Other operating charges | 640/8 | €4,381 | €6,624 | +€2,243 | +51.2% |
| Gross operating margin | 9900 | €94,826 | €79,995 | -€14,831 | -15.6% |
| Operating profit (loss) | 9901 | -€2,683 | -€23,467 | -€20,784 | -775% |
| Financial charges | 65/66B | €13,257 | €14,693 | +€1,436 | +10.8% |
| Recurring financial charges | 65 | €13,257 | €14,693 | +€1,436 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,940 | -€38,161 | -€22,221 | -139% |
| Income taxes | 67/77 | €23,193 | €15,196 | -€7,997 | -34.5% |
| Profit (loss) for the period | 9904 | -€39,133 | -€53,357 | -€14,224 | -36.3% |
| Transfer from tax-exempt reserves | 789 | €7,781 | - | -€7,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,352 | -€53,357 | -€22,005 | -70.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.