JFC: 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.
JFC
Largest movements
- Receivables within one year +€105,411
up €105,411 (+23.1%), from €455,503 to €560,914
of which Other amounts receivable: +€75,399
- Tangible fixed assets -€10,390
down €10,390 (-45.3%), from €22,919 to €12,530
of which Furniture and vehicles: -€10,815
- Accrued charges and deferred income +€100,800
up €100,800 (+214%), from €47,059 to €147,859
- Profit (loss) carried forward +€27,019
up €27,019 (+32.7%), from €82,541 to €109,560
- Debts after one year -€26,002
down €26,002 (-29.0%), from €89,640 to €63,638
- Tax, wage and social debts +€16,726
up €16,726 (+23.1%), from €72,371 to €89,096
of which Taxes: +€14,469
- Trade debts -€13,397
down €13,397 (-18.4%), from €72,990 to €59,593
- Gross operating margin -€123,009
down €123,009 (-50.5%), from €243,434 to €120,425
- Write-downs -€106,149
down €106,149 (-75.4%), from €140,827 to €34,678
- Staff costs -€14,886
down €14,886 (-44.9%), from €33,174 to €18,288
- Other operating charges +€5,258
up €5,258 (+183%), from €2,879 to €8,138
- Financial charges -€3,834
down €3,834 (-41.7%), from €9,190 to €5,356
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 | €500,951 | €594,155 | +€93,204 | +18.6% |
| Fixed assets | 21/28 | €43,689 | €32,980 | -€10,710 | -24.5% |
| Intangible fixed assets | 21 | €1,600 | €1,280 | -€320 | -20.0% |
| Tangible fixed assets | 22/27 | €22,919 | €12,530 | -€10,390 | -45.3% |
| Plant, machinery and equipment | 23 | €1,877 | €2,302 | +€425 | +22.7% |
| Furniture and vehicles | 24 | €21,042 | €10,227 | -€10,815 | -51.4% |
| Financial fixed assets | 28 | €19,170 | €19,170 | = | 0.0% |
| Current assets | 29/58 | €457,262 | €561,176 | +€103,914 | +22.7% |
| Amounts receivable within one year | 40/41 | €455,503 | €560,914 | +€105,411 | +23.1% |
| Trade receivables | 40 | €311,746 | €341,758 | +€30,013 | +9.6% |
| Other amounts receivable | 41 | €143,757 | €219,156 | +€75,399 | +52.4% |
| Cash at bank and in hand | 54/58 | €1,759 | €262 | -€1,498 | -85.1% |
| Total equity and liabilities | 10/49 | €500,951 | €594,155 | +€93,204 | +18.6% |
| Equity | 10/15 | €159,573 | €186,592 | +€27,019 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,832 | €70,832 | = | 0.0% |
| Distributable reserves | 133 | €70,832 | €70,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,541 | €109,560 | +€27,019 | +32.7% |
| Amounts payable | 17/49 | €341,378 | €407,563 | +€66,185 | +19.4% |
| Amounts payable after more than one year | 17 | €89,640 | €63,638 | -€26,002 | -29.0% |
| Financial debts | 170/4 | €89,640 | €63,638 | -€26,002 | -29.0% |
| Amounts payable within one year | 42/48 | €204,680 | €196,067 | -€8,613 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €27,818 | €23,500 | -€4,318 | -15.5% |
| Financial debts | 43 | €19,754 | €15,853 | -€3,901 | -19.7% |
| Credit institutions | 430/8 | €19,754 | €15,853 | -€3,901 | -19.7% |
| Trade debts | 44 | €72,990 | €59,593 | -€13,397 | -18.4% |
| Suppliers | 440/4 | €72,990 | €59,593 | -€13,397 | -18.4% |
| Taxes, remuneration and social security | 45 | €72,371 | €89,096 | +€16,726 | +23.1% |
| Taxes | 450/3 | €65,711 | €80,180 | +€14,469 | +22.0% |
| Remuneration and social security | 454/9 | €6,660 | €8,916 | +€2,256 | +33.9% |
| Other amounts payable | 47/48 | €11,747 | €8,025 | -€3,722 | -31.7% |
| Accrued charges and deferred income | 492/3 | €47,059 | €147,859 | +€100,800 | +214% |
| Remuneration, social security and pensions | 62 | €33,174 | €18,288 | -€14,886 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,246 | €11,975 | +€729 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140,827 | €34,678 | -€106,149 | -75.4% |
| Other operating charges | 640/8 | €2,879 | €8,138 | +€5,258 | +183% |
| Non-recurring operating charges | 66A | €3,975 | €0 | -€3,975 | -100% |
| Gross operating margin | 9900 | €243,434 | €120,425 | -€123,009 | -50.5% |
| Operating profit (loss) | 9901 | €51,333 | €47,347 | -€3,986 | -7.8% |
| Financial income | 75/76B | €13 | €50 | +€37 | +279% |
| Recurring financial income | 75 | €13 | €50 | +€37 | +279% |
| Financial charges | 65/66B | €9,190 | €5,356 | -€3,834 | -41.7% |
| Recurring financial charges | 65 | €9,190 | €5,356 | -€3,834 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €42,157 | €42,041 | -€115 | -0.3% |
| Income taxes | 67/77 | €12,623 | €15,023 | +€2,400 | +19.0% |
| Profit (loss) for the period | 9904 | €29,534 | €27,019 | -€2,516 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,534 | €27,019 | -€2,516 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.