JCF CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€54,532
down €54,532 (-29.7%), from €183,751 to €129,219
of which Other amounts receivable: -€42,039
- Cash -€8,792
down €8,792 (-67.8%), from €12,975 to €4,184
mainly Net result for the year (-€78,440) and Trade debts (-€2,995)
- Tangible fixed assets -€7,939
down €7,939 (-33.4%), from €23,764 to €15,825
of which Furniture and vehicles: -€7,534
- Current investments -€7,904
down €7,904 (-31.3%), from €25,231 to €17,328
- Profit (loss) carried forward -€78,440
down €78,440 (-38.4%), from €204,317 to €125,877
- Taxes +€39,485
up €39,485, from -€6,762 to €32,723
- Financial charges +€19,688
up €19,688 (+1,449%), from €1,359 to €21,047
of which Non-recurring financial charges: +€20,897
- Gross operating margin +€3,281
up €3,281 (+19.6%), from -€16,747 to -€13,466
- Financial income -€2,830
down €2,830 (-93.8%), from €3,019 to €188
- Other operating charges +€259
up €259 (+14.9%), from €1,743 to €2,002
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 | €383,322 | €301,556 | -€81,766 | -21.3% |
| Fixed assets | 21/28 | €161,364 | €150,825 | -€10,539 | -6.5% |
| Tangible fixed assets | 22/27 | €23,764 | €15,825 | -€7,939 | -33.4% |
| Plant, machinery and equipment | 23 | €1,161 | €756 | -€405 | -34.9% |
| Furniture and vehicles | 24 | €22,603 | €15,069 | -€7,534 | -33.3% |
| Financial fixed assets | 28 | €137,600 | €135,000 | -€2,600 | -1.9% |
| Current assets | 29/58 | €221,957 | €150,730 | -€71,227 | -32.1% |
| Amounts receivable within one year | 40/41 | €183,751 | €129,219 | -€54,532 | -29.7% |
| Trade receivables | 40 | €13,497 | €1,004 | -€12,493 | -92.6% |
| Other amounts receivable | 41 | €170,254 | €128,215 | -€42,039 | -24.7% |
| Current investments | 50/53 | €25,231 | €17,328 | -€7,904 | -31.3% |
| Cash at bank and in hand | 54/58 | €12,975 | €4,184 | -€8,792 | -67.8% |
| Total equity and liabilities | 10/49 | €383,322 | €301,556 | -€81,766 | -21.3% |
| Equity | 10/15 | €378,377 | €299,937 | -€78,440 | -20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,860 | €167,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €166,000 | €166,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,317 | €125,877 | -€78,440 | -38.4% |
| Amounts payable | 17/49 | €4,945 | €1,619 | -€3,326 | -67.3% |
| Amounts payable within one year | 42/48 | €4,945 | €1,619 | -€3,326 | -67.3% |
| Trade debts | 44 | €4,614 | €1,619 | -€2,995 | -64.9% |
| Suppliers | 440/4 | €4,614 | €1,619 | -€2,995 | -64.9% |
| Taxes, remuneration and social security | 45 | €331 | - | -€331 | |
| Taxes | 450/3 | €331 | - | -€331 | |
| Non-recurring operating income | 76A | €660 | - | -€660 | |
| Remuneration, social security and pensions | 62 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,160 | €7,939 | -€221 | -2.7% |
| Other operating charges | 640/8 | €1,743 | €2,002 | +€259 | +14.9% |
| Non-recurring operating charges | 66A | €6 | €1,451 | +€1,445 | +24,169% |
| Gross operating margin | 9900 | -€16,747 | -€13,466 | +€3,281 | +19.6% |
| Operating profit (loss) | 9901 | -€26,794 | -€24,859 | +€1,935 | +7.2% |
| Financial income | 75/76B | €3,019 | €188 | -€2,830 | -93.8% |
| Recurring financial income | 75 | €3,019 | €188 | -€2,830 | -93.8% |
| Financial charges | 65/66B | €1,359 | €21,047 | +€19,688 | +1,449% |
| Recurring financial charges | 65 | €1,359 | €150 | -€1,209 | -89.0% |
| Non-recurring financial charges | 66B | - | €20,897 | +€20,897 | |
| Profit (loss) for the period before taxes | 9903 | -€25,134 | -€45,717 | -€20,583 | -81.9% |
| Income taxes | 67/77 | -€6,762 | €32,723 | +€39,485 | |
| Profit (loss) for the period | 9904 | -€18,372 | -€78,440 | -€60,068 | -327% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,372 | -€78,440 | -€60,068 | -327% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.