JF project 24: 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.
JF project 24
Largest movements
- Cash +€8,489
up €8,489 (+42.2%), from €20,101 to €28,590
mainly Depreciation (+€6,482) and Tax, wage and social debts (+€2,846)
- Intangible fixed assets -€5,890
down €5,890 (-16.4%), from €35,832 to €29,942
- Receivables within one year +€892
up €892 (+6.0%), from €14,940 to €15,831
of which Other amounts receivable: +€2,105
- Tax, wage and social debts +€2,846
up €2,846 (+20.3%), from €14,033 to €16,880
of which Taxes: +€1,731
- Other debts +€1,655
up €1,655 (+6.4%), from €25,964 to €27,618
- Trade debts -€1,501
down €1,501 (-10.7%), from €14,040 to €12,539
- Profit (loss) carried forward +€979
up €979 (+6.1%), from €16,110 to €17,089
- Staff costs +€13,003
up €13,003 (+103%), from €12,567 to €25,570
- Gross operating margin -€4,889
down €4,889 (-12.6%), from €38,936 to €34,047
- Taxes -€3,648
down €3,648 (-80.3%), from €4,543 to €895
- Depreciation +€840
up €840 (+14.9%), from €5,642 to €6,482
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 | €72,147 | €76,126 | +€3,979 | +5.5% |
| Fixed assets | 21/28 | €37,107 | €31,704 | -€5,402 | -14.6% |
| Intangible fixed assets | 21 | €35,832 | €29,942 | -€5,890 | -16.4% |
| Tangible fixed assets | 22/27 | €912 | €1,400 | +€488 | +53.5% |
| Plant, machinery and equipment | 23 | €557 | €371 | -€186 | -33.3% |
| Furniture and vehicles | 24 | €355 | €1,029 | +€674 | +190% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €35,041 | €44,422 | +€9,381 | +26.8% |
| Amounts receivable within one year | 40/41 | €14,940 | €15,831 | +€892 | +6.0% |
| Trade receivables | 40 | €14,940 | €13,726 | -€1,214 | -8.1% |
| Other amounts receivable | 41 | - | €2,105 | +€2,105 | |
| Cash at bank and in hand | 54/58 | €20,101 | €28,590 | +€8,489 | +42.2% |
| Total equity and liabilities | 10/49 | €72,147 | €76,126 | +€3,979 | +5.5% |
| Equity | 10/15 | €18,110 | €19,089 | +€979 | +5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,110 | €17,089 | +€979 | +6.1% |
| Amounts payable | 17/49 | €54,037 | €57,037 | +€3,000 | +5.6% |
| Amounts payable within one year | 42/48 | €54,037 | €57,037 | +€3,000 | +5.6% |
| Trade debts | 44 | €14,040 | €12,539 | -€1,501 | -10.7% |
| Suppliers | 440/4 | €14,040 | €12,539 | -€1,501 | -10.7% |
| Taxes, remuneration and social security | 45 | €14,033 | €16,880 | +€2,846 | +20.3% |
| Taxes | 450/3 | €8,933 | €10,664 | +€1,731 | +19.4% |
| Remuneration and social security | 454/9 | €5,100 | €6,216 | +€1,116 | +21.9% |
| Other amounts payable | 47/48 | €25,964 | €27,618 | +€1,655 | +6.4% |
| Remuneration, social security and pensions | 62 | €12,567 | €25,570 | +€13,003 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,642 | €6,482 | +€840 | +14.9% |
| Gross operating margin | 9900 | €38,936 | €34,047 | -€4,889 | -12.6% |
| Operating profit (loss) | 9901 | €20,727 | €1,995 | -€18,732 | -90.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -64.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -64.3% |
| Financial charges | 65/66B | €74 | €121 | +€47 | +63.2% |
| Recurring financial charges | 65 | €74 | €121 | +€47 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €20,653 | €1,874 | -€18,779 | -90.9% |
| Income taxes | 67/77 | €4,543 | €895 | -€3,648 | -80.3% |
| Profit (loss) for the period | 9904 | €16,110 | €979 | -€15,131 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,110 | €979 | -€15,131 | -93.9% |
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 13 October 2026 via checked.be.