JF & CO: 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.
JF & CO
Largest movements
- Receivables within one year -€15,700
no longer reported in 2025 (was €15,700)
- Tangible fixed assets -€12,195
down €12,195 (-12.2%), from €100,045 to €87,850
of which Furniture and vehicles: -€6,099
- Cash +€6,696
up €6,696 (+30.4%), from €22,046 to €28,741
mainly Net result for the year (+€17,898) and Receivables within one year (+€15,700)
- Stocks and contracts +€1,778
up €1,778 (+5.0%), from €35,471 to €37,249
- Other debts -€21,151
down €21,151 (-21.5%), from €98,202 to €77,051
- Profit (loss) carried forward +€17,898
up €17,898 (+33.8%), from -€52,894 to -€34,997
- Debts after one year -€8,582
no longer reported in 2025 (was €8,582)
- Trade debts -€7,212
down €7,212 (-42.6%), from €16,911 to €9,699
- Short-term financial debts -€4,271
no longer reported in 2025 (was €4,271)
- Purchases and services +€34,773
up €34,773 (+16.0%), from €217,909 to €252,682
- Turnover +€32,330
up €32,330 (+14.7%), from €219,821 to €252,152
- Staff costs -€18,437
down €18,437 (-68.4%), from €26,948 to €8,511
- Gross operating margin +€9,869
up €9,869 (+31.5%), from €31,304 to €41,174
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 | €174,701 | €155,375 | -€19,326 | -11.1% |
| Fixed assets | 21/28 | €100,045 | €87,850 | -€12,195 | -12.2% |
| Tangible fixed assets | 22/27 | €100,045 | €87,850 | -€12,195 | -12.2% |
| Land and buildings | 22 | €71,668 | €68,983 | -€2,685 | -3.7% |
| Plant, machinery and equipment | 23 | €1,002 | €932 | -€70 | -7.0% |
| Furniture and vehicles | 24 | €22,793 | €16,693 | -€6,099 | -26.8% |
| Other tangible fixed assets | 26 | €4,583 | €1,241 | -€3,341 | -72.9% |
| Current assets | 29/58 | €74,657 | €67,526 | -€7,131 | -9.6% |
| Stocks and contracts in progress | 3 | €35,471 | €37,249 | +€1,778 | +5.0% |
| Stocks | 30/36 | €35,471 | €37,249 | +€1,778 | +5.0% |
| Amounts receivable within one year | 40/41 | €15,700 | - | -€15,700 | |
| Trade receivables | 40 | €15,700 | - | -€15,700 | |
| Current investments | 50/53 | €1,440 | €1,440 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,046 | €28,741 | +€6,696 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €174,701 | €155,375 | -€19,326 | -11.1% |
| Equity | 10/15 | -€24,608 | -€6,711 | +€17,898 | +72.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,086 | €22,086 | = | 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 | €20,226 | €20,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,894 | -€34,997 | +€17,898 | +33.8% |
| Amounts payable | 17/49 | €199,310 | €162,086 | -€37,224 | -18.7% |
| Amounts payable after more than one year | 17 | €8,582 | - | -€8,582 | |
| Financial debts | 170/4 | €8,582 | - | -€8,582 | |
| Amounts payable within one year | 42/48 | €190,727 | €162,086 | -€28,641 | -15.0% |
| Financial debts | 43 | €4,271 | - | -€4,271 | |
| Credit institutions | 430/8 | €4,271 | - | -€4,271 | |
| Trade debts | 44 | €16,911 | €9,699 | -€7,212 | -42.6% |
| Suppliers | 440/4 | €16,911 | €9,699 | -€7,212 | -42.6% |
| Taxes, remuneration and social security | 45 | €71,343 | €75,337 | +€3,994 | +5.6% |
| Taxes | 450/3 | €16,195 | €18,011 | +€1,816 | +11.2% |
| Remuneration and social security | 454/9 | €55,148 | €57,326 | +€2,178 | +3.9% |
| Other amounts payable | 47/48 | €98,202 | €77,051 | -€21,151 | -21.5% |
| Turnover | 70 | €219,821 | €252,152 | +€32,330 | +14.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €217,909 | €252,682 | +€34,773 | +16.0% |
| Remuneration, social security and pensions | 62 | €26,948 | €8,511 | -€18,437 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,591 | €12,195 | -€396 | -3.1% |
| Other operating charges | 640/8 | €1,618 | €1,452 | -€166 | -10.3% |
| Gross operating margin | 9900 | €31,304 | €41,174 | +€9,869 | +31.5% |
| Operating profit (loss) | 9901 | -€9,853 | €19,015 | +€28,868 | |
| Financial charges | 65/66B | €466 | €1,118 | +€652 | +140.0% |
| Recurring financial charges | 65 | €466 | €1,118 | +€652 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,318 | €17,898 | +€28,216 | |
| Profit (loss) for the period | 9904 | -€10,318 | €17,898 | +€28,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,318 | €17,898 | +€28,216 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.