JFCO: 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.
JFCO
Largest movements
- Deferred charges and accrued income +€120,738
up €120,738 (+7,218%), from €1,673 to €122,411
- Current investments +€105,000
new in 2025: €105,000
- Cash -€64,770
down €64,770 (-43.8%), from €147,854 to €83,084
mainly Deferred charges and accrued income (-€120,738) and Current investments (-€105,000)
- Financial fixed assets +€9,400
new in 2025: €9,400
- Receivables within one year +€9,007
up €9,007 (+36.4%), from €24,711 to €33,717
of which Trade receivables: +€5,925
- Profit (loss) carried forward +€185,340
up €185,340 (+201%), from €92,140 to €277,479
- Tax, wage and social debts -€16,558
down €16,558 (-59.5%), from €27,851 to €11,293
of which Taxes: -€16,558
- Other debts +€9,400
new in 2025: €9,400
- Trade debts -€6,252
down €6,252 (-50.0%), from €12,511 to €6,259
- Financial income +€145,870
up €145,870 (+72,786%), from €200 to €146,070
- Gross operating margin -€36,645
down €36,645 (-38.0%), from €96,440 to €59,796
- Taxes -€7,571
down €7,571 (-37.8%), from €20,030 to €12,459
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 | €218,900 | €392,926 | +€174,026 | +79.5% |
| Fixed assets | 21/28 | €44,662 | €48,714 | +€4,051 | +9.1% |
| Tangible fixed assets | 22/27 | €44,662 | €39,314 | -€5,349 | -12.0% |
| Furniture and vehicles | 24 | €1,073 | €499 | -€573 | -53.4% |
| Other tangible fixed assets | 26 | €43,590 | €38,814 | -€4,775 | -11.0% |
| Financial fixed assets | 28 | - | €9,400 | +€9,400 | |
| Current assets | 29/58 | €174,238 | €344,212 | +€169,975 | +97.6% |
| Amounts receivable within one year | 40/41 | €24,711 | €33,717 | +€9,007 | +36.4% |
| Trade receivables | 40 | €23,595 | €29,520 | +€5,925 | +25.1% |
| Other amounts receivable | 41 | €1,116 | €4,197 | +€3,082 | +276% |
| Current investments | 50/53 | - | €105,000 | +€105,000 | |
| Cash at bank and in hand | 54/58 | €147,854 | €83,084 | -€64,770 | -43.8% |
| Deferred charges and accrued income | 490/1 | €1,673 | €122,411 | +€120,738 | +7,218% |
| Total equity and liabilities | 10/49 | €218,900 | €392,926 | +€174,026 | +79.5% |
| Equity | 10/15 | €176,939 | €362,279 | +€185,340 | +105% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,799 | €64,799 | = | 0.0% |
| Distributable reserves | 133 | €64,799 | €64,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,140 | €277,479 | +€185,340 | +201% |
| Amounts payable | 17/49 | €41,961 | €30,647 | -€11,314 | -27.0% |
| Amounts payable within one year | 42/48 | €41,961 | €30,647 | -€11,314 | -27.0% |
| Financial debts | 43 | €1,599 | €3,696 | +€2,097 | +131% |
| Credit institutions | 430/8 | €1,599 | €3,696 | +€2,097 | +131% |
| Trade debts | 44 | €12,511 | €6,259 | -€6,252 | -50.0% |
| Suppliers | 440/4 | €12,511 | €6,259 | -€6,252 | -50.0% |
| Taxes, remuneration and social security | 45 | €27,851 | €11,293 | -€16,558 | -59.5% |
| Taxes | 450/3 | €27,851 | €11,293 | -€16,558 | -59.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €9,400 | +€9,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,650 | €5,349 | +€699 | +15.0% |
| Other operating charges | 640/8 | €3,283 | €2,381 | -€902 | -27.5% |
| Gross operating margin | 9900 | €96,440 | €59,796 | -€36,645 | -38.0% |
| Operating profit (loss) | 9901 | €88,507 | €52,066 | -€36,441 | -41.2% |
| Financial income | 75/76B | €200 | €146,070 | +€145,870 | +72,786% |
| Recurring financial income | 75 | €200 | €146,070 | +€145,870 | +72,786% |
| Financial charges | 65/66B | €329 | €337 | +€8 | +2.5% |
| Recurring financial charges | 65 | €329 | €337 | +€8 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €88,379 | €197,799 | +€109,420 | +124% |
| Income taxes | 67/77 | €20,030 | €12,459 | -€7,571 | -37.8% |
| Profit (loss) for the period | 9904 | €68,349 | €185,340 | +€116,991 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €68,349 | €185,340 | +€116,991 | +171% |
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 25 October 2026 via checked.be.