JF ELEC: 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 ELEC
Largest movements
- Tangible fixed assets +€12,948
up €12,948 (+101.3%), from €12,777 to €25,725
of which Furniture and vehicles: +€13,111
- Receivables within one year -€11,664
down €11,664 (-89.3%), from €13,056 to €1,393
of which Trade receivables: -€10,956
- Cash +€8,897
up €8,897 (+20.8%), from €42,813 to €51,710
mainly Net result for the year (+€21,099) and Receivables within one year (+€11,664)
- Reserves +€21,099
up €21,099 (+100.2%), from €21,048 to €42,148
- Other debts -€7,518
down €7,518 (-85.1%), from €8,838 to €1,319
- Trade debts -€2,763
down €2,763 (-67.5%), from €4,092 to €1,328
- Gross operating margin +€22,308
up €22,308 (+149.2%), from €14,953 to €37,261
- Taxes +€5,734
up €5,734 (+250.2%), from €2,292 to €8,026
- Depreciation -€2,152
down €2,152 (-52.1%), from €4,133 to €1,981
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 | €69,384 | €79,883 | +€10,499 | +15.1% |
| Fixed assets | 21/28 | €12,777 | €25,725 | +€12,948 | +101.3% |
| Tangible fixed assets | 22/27 | €12,777 | €25,725 | +€12,948 | +101.3% |
| Plant, machinery and equipment | 23 | €203 | €40 | -€164 | -80.4% |
| Furniture and vehicles | 24 | €12,574 | €25,685 | +€13,111 | +104.3% |
| Current assets | 29/58 | €56,607 | €54,158 | -€2,449 | -4.3% |
| Amounts receivable within one year | 40/41 | €13,056 | €1,393 | -€11,664 | -89.3% |
| Trade receivables | 40 | €11,417 | €461 | -€10,956 | -96.0% |
| Other amounts receivable | 41 | €1,639 | €931 | -€708 | -43.2% |
| Cash at bank and in hand | 54/58 | €42,813 | €51,710 | +€8,897 | +20.8% |
| Deferred charges and accrued income | 490/1 | €737 | €1,055 | +€318 | +43.1% |
| Total equity and liabilities | 10/49 | €69,384 | €79,883 | +€10,499 | +15.1% |
| Equity | 10/15 | €26,048 | €47,148 | +€21,099 | +81.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,048 | €42,148 | +€21,099 | +100.2% |
| Distributable reserves | 133 | €21,048 | €42,148 | +€21,099 | +100.2% |
| Amounts payable | 17/49 | €43,336 | €32,735 | -€10,601 | -24.5% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,331 | €5,965 | -€10,366 | -63.5% |
| Trade debts | 44 | €4,092 | €1,328 | -€2,763 | -67.5% |
| Suppliers | 440/4 | €4,092 | €1,328 | -€2,763 | -67.5% |
| Taxes, remuneration and social security | 45 | €3,401 | €3,317 | -€84 | -2.5% |
| Taxes | 450/3 | €3,401 | €3,317 | -€84 | -2.5% |
| Other amounts payable | 47/48 | €8,838 | €1,319 | -€7,518 | -85.1% |
| Accrued charges and deferred income | 492/3 | €2,005 | €1,770 | -€235 | -11.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €1,981 | -€2,152 | -52.1% |
| Other operating charges | 640/8 | €852 | €543 | -€309 | -36.2% |
| Non-recurring operating charges | 66A | €250 | €3,692 | +€3,442 | +1376.8% |
| Gross operating margin | 9900 | €14,953 | €37,261 | +€22,308 | +149.2% |
| Operating profit (loss) | 9901 | €9,718 | €31,045 | +€21,326 | +219.5% |
| Financial income | 75/76B | €57 | €1 | -€57 | -99.0% |
| Recurring financial income | 75 | €57 | €1 | -€57 | -99.0% |
| Financial charges | 65/66B | €2,145 | €1,920 | -€225 | -10.5% |
| Recurring financial charges | 65 | €2,145 | €1,920 | -€225 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €7,630 | €29,125 | +€21,495 | +281.7% |
| Income taxes | 67/77 | €2,292 | €8,026 | +€5,734 | +250.2% |
| Profit (loss) for the period | 9904 | €5,338 | €21,099 | +€15,761 | +295.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,338 | €21,099 | +€15,761 | +295.2% |
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 6 October 2026 via checked.be.