JF INVEST: what changed
JF INVEST
Largest movements
- Cash +€202,343
up €202,343 (+2,554%), from €7,924 to €210,268
mainly Other debts (+€177,718) and Trade debts (+€32,536)
- Tangible fixed assets +€51,358
new in 2025: €51,358
- Receivables within one year +€11,199
up €11,199 (+35.6%), from €31,500 to €42,699
of which Other amounts receivable: +€7,699
- Other debts +€177,718
up €177,718 (+370%), from €48,020 to €225,738
- Trade debts +€32,536
up €32,536 (+5,768%), from €564 to €33,100
- Debts after one year +€30,655
up €30,655, from €0 to €30,655
- Profit (loss) carried forward +€11,815
up €11,815, from -€7,442 to €4,373
- Current portion of long-term debt +€9,860
new in 2025: €9,860
- Gross operating margin +€49,011
up €49,011, from -€7,084 to €41,927
- Financial charges +€21,818
up €21,818 (+38,960%), from €56 to €21,874
- Taxes +€4,301
up €4,301, from €0 to €4,301
- Depreciation +€1,043
up €1,043 (+171%), from €609 to €1,652
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,283 | €308,072 | +€266,789 | +646% |
| Fixed assets | 21/28 | €1,859 | €52,607 | +€50,749 | +2,730% |
| Intangible fixed assets | 21 | €1,859 | €1,250 | -€609 | -32.8% |
| Tangible fixed assets | 22/27 | - | €51,358 | +€51,358 | |
| Furniture and vehicles | 24 | - | €51,358 | +€51,358 | |
| Current assets | 29/58 | €39,424 | €255,464 | +€216,040 | +548% |
| Amounts receivable within one year | 40/41 | €31,500 | €42,699 | +€11,199 | +35.6% |
| Trade receivables | 40 | €31,500 | €35,000 | +€3,500 | +11.1% |
| Other amounts receivable | 41 | €0 | €7,699 | +€7,699 | |
| Cash at bank and in hand | 54/58 | €7,924 | €210,268 | +€202,343 | +2,554% |
| Deferred charges and accrued income | 490/1 | - | €2,498 | +€2,498 | |
| Total equity and liabilities | 10/49 | €41,283 | €308,072 | +€266,789 | +646% |
| Equity | 10/15 | -€7,342 | €4,473 | +€11,815 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,442 | €4,373 | +€11,815 | |
| Amounts payable | 17/49 | €48,625 | €303,599 | +€254,974 | +524% |
| Amounts payable after more than one year | 17 | €0 | €30,655 | +€30,655 | |
| Financial debts | 170/4 | €0 | €30,655 | +€30,655 | |
| Amounts payable within one year | 42/48 | €48,625 | €272,944 | +€224,319 | +461% |
| Current portion of amounts payable after more than one year | 42 | - | €9,860 | +€9,860 | |
| Trade debts | 44 | €564 | €33,100 | +€32,536 | +5,768% |
| Suppliers | 440/4 | €564 | €33,100 | +€32,536 | +5,768% |
| Taxes, remuneration and social security | 45 | €40 | €4,246 | +€4,205 | +10,386% |
| Taxes | 450/3 | €40 | €4,246 | +€4,205 | +10,386% |
| Other amounts payable | 47/48 | €48,020 | €225,738 | +€177,718 | +370% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €1,652 | +€1,043 | +171% |
| Other operating charges | 640/8 | €2,221 | €2,286 | +€64 | +2.9% |
| Gross operating margin | 9900 | -€7,084 | €41,927 | +€49,011 | |
| Operating profit (loss) | 9901 | -€9,915 | €37,989 | +€47,904 | |
| Financial income | 75/76B | €166 | €0 | -€166 | -99.9% |
| Recurring financial income | 75 | €166 | €0 | -€166 | -99.9% |
| Financial charges | 65/66B | €56 | €21,874 | +€21,818 | +38,960% |
| Recurring financial charges | 65 | €56 | €21,874 | +€21,818 | +38,960% |
| Profit (loss) for the period before taxes | 9903 | -€9,805 | €16,116 | +€25,921 | |
| Income taxes | 67/77 | €0 | €4,301 | +€4,301 | |
| Profit (loss) for the period | 9904 | -€9,805 | €11,815 | +€21,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,805 | €11,815 | +€21,620 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.