JF-Tech: 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-Tech
Largest movements
- Cash -€58,758
down €58,758 (-25.5%), from €230,166 to €171,407
mainly Contributions, distributions and other (-€210,000) and Investment in fixed assets (net) (-€18,364)
- Tangible fixed assets +€12,446
up €12,446 (+93.2%), from €13,359 to €25,806
of which Land and buildings: +€18,079
- Receivables within one year +€10,764
up €10,764 (+9.0%), from €119,031 to €129,795
of which Trade receivables: +€7,715
- Reserves -€124,584
down €124,584 (-83.2%), from €149,763 to €25,179
- Other debts +€81,037
up €81,037 (+46.7%), from €173,534 to €254,571
- Current portion of long-term debt +€8,411
new in 2025: €8,411
- Gross operating margin -€16,102
down €16,102 (-11.7%), from €138,032 to €121,930
- Taxes -€4,502
down €4,502 (-17.0%), from €26,487 to €21,985
- Financial charges +€2,868
up €2,868 (+57.5%), from €4,985 to €7,853
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 | €364,350 | €327,424 | -€36,926 | -10.1% |
| Fixed assets | 21/28 | €13,359 | €25,806 | +€12,446 | +93.2% |
| Tangible fixed assets | 22/27 | €13,359 | €25,806 | +€12,446 | +93.2% |
| Land and buildings | 22 | - | €18,079 | +€18,079 | |
| Plant, machinery and equipment | 23 | €1,959 | €1,479 | -€480 | -24.5% |
| Furniture and vehicles | 24 | €5,975 | €1,475 | -€4,500 | -75.3% |
| Other tangible fixed assets | 26 | €5,425 | €4,772 | -€652 | -12.0% |
| Current assets | 29/58 | €350,991 | €301,618 | -€49,373 | -14.1% |
| Amounts receivable within one year | 40/41 | €119,031 | €129,795 | +€10,764 | +9.0% |
| Trade receivables | 40 | €79,850 | €87,565 | +€7,715 | +9.7% |
| Other amounts receivable | 41 | €39,181 | €42,230 | +€3,049 | +7.8% |
| Cash at bank and in hand | 54/58 | €230,166 | €171,407 | -€58,758 | -25.5% |
| Deferred charges and accrued income | 490/1 | €1,794 | €415 | -€1,379 | -76.9% |
| Total equity and liabilities | 10/49 | €364,350 | €327,424 | -€36,926 | -10.1% |
| Equity | 10/15 | €168,363 | €43,779 | -€124,584 | -74.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,763 | €25,179 | -€124,584 | -83.2% |
| Distributable reserves | 133 | €149,763 | €25,179 | -€124,584 | -83.2% |
| Amounts payable | 17/49 | €195,987 | €283,645 | +€87,658 | +44.7% |
| Amounts payable within one year | 42/48 | €193,607 | €277,971 | +€84,365 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,411 | +€8,411 | |
| Trade debts | 44 | €6,318 | €4,329 | -€1,989 | -31.5% |
| Suppliers | 440/4 | €6,318 | €4,329 | -€1,989 | -31.5% |
| Taxes, remuneration and social security | 45 | €13,755 | €10,661 | -€3,094 | -22.5% |
| Taxes | 450/3 | €13,755 | €10,661 | -€3,094 | -22.5% |
| Other amounts payable | 47/48 | €173,534 | €254,571 | +€81,037 | +46.7% |
| Accrued charges and deferred income | 492/3 | €2,381 | €5,674 | +€3,293 | +138.3% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,593 | €5,917 | +€324 | +5.8% |
| Other operating charges | 640/8 | €658 | €759 | +€100 | +15.3% |
| Non-recurring operating charges | 66A | €1,147 | - | -€1,147 | |
| Gross operating margin | 9900 | €138,032 | €121,930 | -€16,102 | -11.7% |
| Operating profit (loss) | 9901 | €130,634 | €115,254 | -€15,380 | -11.8% |
| Financial charges | 65/66B | €4,985 | €7,853 | +€2,868 | +57.5% |
| Recurring financial charges | 65 | €4,985 | €7,853 | +€2,868 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €125,649 | €107,401 | -€18,248 | -14.5% |
| Income taxes | 67/77 | €26,487 | €21,985 | -€4,502 | -17.0% |
| Profit (loss) for the period | 9904 | €99,162 | €85,416 | -€13,746 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,162 | €85,416 | -€13,746 | -13.9% |
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 5 October 2026 via checked.be.