JF² ACCOUNTING: 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.
JF² ACCOUNTING
Largest movements
- Receivables within one year +€39,891
up €39,891 (+35.8%), from €111,511 to €151,402
of which Other amounts receivable: +€40,655
- Current investments -€5,694
down €5,694 (-13.6%), from €41,722 to €36,028
- Cash +€4,688
up €4,688 (+30.6%), from €15,328 to €20,016
mainly Net result for the year (+€50,128) and Current investments (+€5,694)
- Reserves +€35,927
up €35,927 (+13.7%), from €261,897 to €297,825
of which Distributable reserves: +€36,340
- Tax, wage and social debts +€3,872
up €3,872 (+55.3%), from €6,999 to €10,871
- Gross operating margin +€20,037
up €20,037 (+34.7%), from €57,818 to €77,854
- Taxes +€1,999
up €1,999 (+9.1%), from €22,088 to €24,087
- Financial income +€1,797
up €1,797 (+65.6%), from €2,741 to €4,538
- Other operating charges -€996
down €996 (-40.7%), from €2,449 to €1,454
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 | €323,300 | €364,142 | +€40,842 | +12.6% |
| Fixed assets | 21/28 | €88,792 | €87,380 | -€1,412 | -1.6% |
| Tangible fixed assets | 22/27 | €88,734 | €87,322 | -€1,412 | -1.6% |
| Land and buildings | 22 | €81,998 | €78,206 | -€3,793 | -4.6% |
| Plant, machinery and equipment | 23 | €240 | €4,148 | +€3,908 | +1,628% |
| Furniture and vehicles | 24 | €6,496 | €4,969 | -€1,527 | -23.5% |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €234,508 | €276,762 | +€42,254 | +18.0% |
| Amounts receivable after more than one year | 29 | €63,225 | €64,465 | +€1,240 | +2.0% |
| Other amounts receivable | 291 | €63,225 | €64,465 | +€1,240 | +2.0% |
| Amounts receivable within one year | 40/41 | €111,511 | €151,402 | +€39,891 | +35.8% |
| Trade receivables | 40 | €35,277 | €34,513 | -€764 | -2.2% |
| Other amounts receivable | 41 | €76,234 | €116,889 | +€40,655 | +53.3% |
| Current investments | 50/53 | €41,722 | €36,028 | -€5,694 | -13.6% |
| Cash at bank and in hand | 54/58 | €15,328 | €20,016 | +€4,688 | +30.6% |
| Deferred charges and accrued income | 490/1 | €2,722 | €4,852 | +€2,129 | +78.2% |
| Total equity and liabilities | 10/49 | €323,300 | €364,142 | +€40,842 | +12.6% |
| Equity | 10/15 | €282,212 | €318,139 | +€35,927 | +12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,897 | €297,825 | +€35,927 | +13.7% |
| Tax-exempt reserves | 132 | €6,113 | €5,701 | -€413 | -6.8% |
| Distributable reserves | 133 | €255,784 | €292,124 | +€36,340 | +14.2% |
| Profit (loss) carried forward | 14 | €314 | €314 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,230 | €30,018 | -€213 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €27,083 | €27,083 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,083 | €27,083 | = | 0.0% |
| Deferred taxes | 168 | €3,147 | €2,934 | -€213 | -6.8% |
| Amounts payable | 17/49 | €10,858 | €15,986 | +€5,127 | +47.2% |
| Amounts payable within one year | 42/48 | €10,858 | €15,986 | +€5,127 | +47.2% |
| Financial debts | 43 | €1,020 | €412 | -€608 | -59.6% |
| Credit institutions | 430/8 | €1,020 | €412 | -€608 | -59.6% |
| Trade debts | 44 | €2,839 | €4,703 | +€1,863 | +65.6% |
| Suppliers | 440/4 | €2,839 | €4,703 | +€1,863 | +65.6% |
| Taxes, remuneration and social security | 45 | €6,999 | €10,871 | +€3,872 | +55.3% |
| Taxes | 450/3 | €6,999 | €10,871 | +€3,872 | +55.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,781 | €5,562 | -€219 | -3.8% |
| Other operating charges | 640/8 | €2,449 | €1,454 | -€996 | -40.7% |
| Gross operating margin | 9900 | €57,818 | €77,854 | +€20,037 | +34.7% |
| Operating profit (loss) | 9901 | €49,587 | €70,839 | +€21,252 | +42.9% |
| Financial income | 75/76B | €2,741 | €4,538 | +€1,797 | +65.6% |
| Recurring financial income | 75 | €2,741 | €4,538 | +€1,797 | +65.6% |
| Financial charges | 65/66B | €1,806 | €1,575 | -€230 | -12.7% |
| Recurring financial charges | 65 | €1,806 | €1,575 | -€230 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €50,522 | €73,801 | +€23,279 | +46.1% |
| Transfer from deferred taxes | 780 | €438 | €413 | -€25 | -5.7% |
| Income taxes | 67/77 | €22,088 | €24,087 | +€1,999 | +9.1% |
| Profit (loss) for the period | 9904 | €28,873 | €50,128 | +€21,255 | +73.6% |
| Transfer from tax-exempt reserves | 789 | €225 | €213 | -€12 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,098 | €50,340 | +€21,242 | +73.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.