JFA Management: 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.
JFA Management
Largest movements
- Receivables within one year +€31,509
up €31,509 (+399.9%), from €7,880 to €39,389
- Tangible fixed assets +€29,018
new in 2025: €29,018
- Cash -€12,463
down €12,463 (-56.4%), from €22,106 to €9,643
mainly Investment in fixed assets (net) (-€31,902) and Receivables within one year (-€31,509)
- Trade debts +€31,293
up €31,293 (+2216.4%), from €1,412 to €32,705
- Reserves +€9,919
up €9,919 (+133.1%), from €7,453 to €17,372
- Other debts +€3,787
up €3,787 (+25.8%), from €14,678 to €18,465
- Accrued charges and deferred income +€2,441
new in 2025: €2,441
- Tax, wage and social debts +€1,290
up €1,290 (+41.0%), from €3,147 to €4,437
- Gross operating margin +€7,133
up €7,133 (+61.9%), from €11,522 to €18,655
- Depreciation +€2,884
new in 2025: €2,884
- Taxes +€1,117
up €1,117 (+37.6%), from €2,971 to €4,089
- Financial charges +€571
up €571 (+74.4%), from €768 to €1,339
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 | €29,986 | €78,716 | +€48,730 | +162.5% |
| Fixed assets | 21/28 | - | €29,018 | +€29,018 | |
| Tangible fixed assets | 22/27 | - | €29,018 | +€29,018 | |
| Furniture and vehicles | 24 | - | €29,018 | +€29,018 | |
| Current assets | 29/58 | €29,986 | €49,697 | +€19,711 | +65.7% |
| Amounts receivable within one year | 40/41 | €7,880 | €39,389 | +€31,509 | +399.9% |
| Trade receivables | 40 | €7,880 | €39,389 | +€31,509 | +399.9% |
| Cash at bank and in hand | 54/58 | €22,106 | €9,643 | -€12,463 | -56.4% |
| Deferred charges and accrued income | 490/1 | - | €666 | +€666 | |
| Total equity and liabilities | 10/49 | €29,986 | €78,716 | +€48,730 | +162.5% |
| Equity | 10/15 | €10,750 | €20,669 | +€9,919 | +92.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,453 | €17,372 | +€9,919 | +133.1% |
| Distributable reserves | 133 | €7,453 | €17,372 | +€9,919 | +133.1% |
| Profit (loss) carried forward | 14 | €797 | €797 | = | 0.0% |
| Amounts payable | 17/49 | €19,237 | €58,047 | +€38,810 | +201.8% |
| Amounts payable within one year | 42/48 | €19,237 | €55,606 | +€36,369 | +189.1% |
| Trade debts | 44 | €1,412 | €32,705 | +€31,293 | +2216.4% |
| Suppliers | 440/4 | €1,412 | €32,705 | +€31,293 | +2216.4% |
| Taxes, remuneration and social security | 45 | €3,147 | €4,437 | +€1,290 | +41.0% |
| Taxes | 450/3 | €3,147 | €4,437 | +€1,290 | +41.0% |
| Other amounts payable | 47/48 | €14,678 | €18,465 | +€3,787 | +25.8% |
| Accrued charges and deferred income | 492/3 | - | €2,441 | +€2,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,884 | +€2,884 | |
| Other operating charges | 640/8 | €330 | €424 | +€94 | +28.7% |
| Gross operating margin | 9900 | €11,522 | €18,655 | +€7,133 | +61.9% |
| Operating profit (loss) | 9901 | €11,192 | €15,347 | +€4,155 | +37.1% |
| Financial charges | 65/66B | €768 | €1,339 | +€571 | +74.4% |
| Recurring financial charges | 65 | €768 | €1,339 | +€571 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €10,424 | €14,008 | +€3,583 | +34.4% |
| Income taxes | 67/77 | €2,971 | €4,089 | +€1,117 | +37.6% |
| Profit (loss) for the period | 9904 | €7,453 | €9,919 | +€2,466 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,453 | €9,919 | +€2,466 | +33.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.