JCF MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€6,795
down €6,795 (-66.6%), from €10,205 to €3,411
mainly Other debts (-€12,000) and Tax, wage and social debts (-€5,329)
- Tangible fixed assets -€2,828
down €2,828 (-25.0%), from €11,304 to €8,476
- Deferred charges and accrued income +€1,617
new in 2025: €1,617
- Receivables within one year +€1,477
up €1,477 (+4.9%), from €30,063 to €31,540
of which Other amounts receivable: +€3,477
- Other debts -€12,000
down €12,000 (-67.4%), from €17,806 to €5,806
- Reserves +€6,000
up €6,000 (+36.4%), from €16,500 to €22,500
- Tax, wage and social debts -€5,329
down €5,329 (-59.2%), from €9,000 to €3,671
of which Taxes: -€2,949
- Trade debts +€4,947
up €4,947 (+123%), from €4,025 to €8,972
- Gross operating margin -€5,505
down €5,505 (-25.6%), from €21,474 to €15,969
- Other operating charges +€3,051
up €3,051 (+788%), from €387 to €3,438
- Taxes -€249
down €249 (-6.4%), from €3,920 to €3,671
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 | €55,238 | €48,710 | -€6,529 | -11.8% |
| Fixed assets | 21/28 | €14,970 | €12,143 | -€2,828 | -18.9% |
| Tangible fixed assets | 22/27 | €11,304 | €8,476 | -€2,828 | -25.0% |
| Furniture and vehicles | 24 | €11,304 | €8,476 | -€2,828 | -25.0% |
| Financial fixed assets | 28 | €3,667 | €3,667 | = | 0.0% |
| Current assets | 29/58 | €40,268 | €36,567 | -€3,701 | -9.2% |
| Amounts receivable within one year | 40/41 | €30,063 | €31,540 | +€1,477 | +4.9% |
| Trade receivables | 40 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Other amounts receivable | 41 | €18,063 | €21,540 | +€3,477 | +19.3% |
| Cash at bank and in hand | 54/58 | €10,205 | €3,411 | -€6,795 | -66.6% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €55,238 | €48,710 | -€6,529 | -11.8% |
| Equity | 10/15 | €24,408 | €30,260 | +€5,852 | +24.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €16,500 | €22,500 | +€6,000 | +36.4% |
| Distributable reserves | 133 | €16,500 | €22,500 | +€6,000 | +36.4% |
| Profit (loss) carried forward | 14 | €408 | €260 | -€148 | -36.2% |
| Amounts payable | 17/49 | €30,831 | €18,449 | -€12,381 | -40.2% |
| Amounts payable within one year | 42/48 | €30,831 | €18,449 | -€12,381 | -40.2% |
| Trade debts | 44 | €4,025 | €8,972 | +€4,947 | +123% |
| Suppliers | 440/4 | €4,025 | €8,972 | +€4,947 | +123% |
| Taxes, remuneration and social security | 45 | €9,000 | €3,671 | -€5,329 | -59.2% |
| Taxes | 450/3 | €6,620 | €3,671 | -€2,949 | -44.5% |
| Remuneration and social security | 454/9 | €2,379 | €0 | -€2,379 | -100% |
| Other amounts payable | 47/48 | €17,806 | €5,806 | -€12,000 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,828 | €2,828 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €3,438 | +€3,051 | +788% |
| Gross operating margin | 9900 | €21,474 | €15,969 | -€5,505 | -25.6% |
| Operating profit (loss) | 9901 | €18,259 | €9,703 | -€8,556 | -46.9% |
| Financial charges | 65/66B | €155 | €180 | +€25 | +16.4% |
| Recurring financial charges | 65 | €155 | €180 | +€25 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €18,105 | €9,523 | -€8,581 | -47.4% |
| Income taxes | 67/77 | €3,920 | €3,671 | -€249 | -6.4% |
| Profit (loss) for the period | 9904 | €14,184 | €5,852 | -€8,332 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,184 | €5,852 | -€8,332 | -58.7% |
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 14 October 2026 via checked.be.