JFD 109: 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.
JFD 109
Largest movements
- Cash +€10,291
new in 2024: €10,291
mainly Net result for the year (+€16,879) and Trade debts (+€13,158)
- Tangible fixed assets -€8,266
down €8,266 (-4.8%), from €171,949 to €163,683
of which Land and buildings: -€7,219
- Current portion of long-term debt -€15,112
down €15,112 (-38.1%), from €39,618 to €24,506
- Reserves +€15,000
up €15,000 (+806%), from €1,860 to €16,860
of which Distributable reserves: +€15,000
- Trade debts +€13,158
new in 2024: €13,158
- Tax, wage and social debts -€7,312
down €7,312 (-27.7%), from €26,392 to €19,080
of which Taxes: -€7,312
- Other debts -€5,849
down €5,849 (-10.8%), from €54,198 to €48,349
- Gross operating margin +€8,561
up €8,561 (+14.4%), from €59,274 to €67,835
- Staff costs +€8,085
up €8,085 (+167%), from €4,829 to €12,913
- Taxes +€6,702
up €6,702 (+83.8%), from €8,000 to €14,702
- Other operating charges +€5,284
up €5,284 (+651%), from €812 to €6,097
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,048 | €394,948 | +€900 | +0.2% |
| Fixed assets | 21/28 | €173,849 | €165,583 | -€8,266 | -4.8% |
| Tangible fixed assets | 22/27 | €171,949 | €163,683 | -€8,266 | -4.8% |
| Land and buildings | 22 | €168,209 | €160,990 | -€7,219 | -4.3% |
| Furniture and vehicles | 24 | €3,740 | €2,693 | -€1,047 | -28.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €220,199 | €229,365 | +€9,166 | +4.2% |
| Amounts receivable within one year | 40/41 | €220,199 | €219,074 | -€1,125 | -0.5% |
| Trade receivables | 40 | €42,860 | €31,448 | -€11,412 | -26.6% |
| Other amounts receivable | 41 | €177,339 | €187,626 | +€10,287 | +5.8% |
| Cash at bank and in hand | 54/58 | - | €10,291 | +€10,291 | |
| Total equity and liabilities | 10/49 | €394,048 | €394,948 | +€900 | +0.2% |
| Equity | 10/15 | €140,213 | €157,093 | +€16,879 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €16,860 | +€15,000 | +806% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €125,953 | €127,833 | +€1,879 | +1.5% |
| Amounts payable | 17/49 | €253,835 | €237,856 | -€15,979 | -6.3% |
| Amounts payable after more than one year | 17 | €117,619 | €117,619 | = | 0.0% |
| Financial debts | 170/4 | €107,326 | €107,326 | = | 0.0% |
| Other amounts payable | 178/9 | €10,293 | €10,293 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,215 | €120,236 | -€15,979 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €39,618 | €24,506 | -€15,112 | -38.1% |
| Financial debts | 43 | €2,177 | €1,313 | -€864 | -39.7% |
| Credit institutions | 430/8 | €2,177 | €1,313 | -€864 | -39.7% |
| Trade debts | 44 | - | €13,158 | +€13,158 | |
| Suppliers | 440/4 | - | €13,158 | +€13,158 | |
| Advances received on contracts in progress | 46 | €13,830 | €13,830 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,392 | €19,080 | -€7,312 | -27.7% |
| Taxes | 450/3 | €25,812 | €18,500 | -€7,312 | -28.3% |
| Remuneration and social security | 454/9 | €580 | €580 | = | 0.0% |
| Other amounts payable | 47/48 | €54,198 | €48,349 | -€5,849 | -10.8% |
| Remuneration, social security and pensions | 62 | €4,829 | €12,913 | +€8,085 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,447 | €8,266 | -€182 | -2.1% |
| Other operating charges | 640/8 | €812 | €6,097 | +€5,284 | +651% |
| Gross operating margin | 9900 | €59,274 | €67,835 | +€8,561 | +14.4% |
| Operating profit (loss) | 9901 | €45,185 | €40,559 | -€4,626 | -10.2% |
| Financial charges | 65/66B | €9,060 | €8,978 | -€82 | -0.9% |
| Recurring financial charges | 65 | €9,060 | €8,747 | -€313 | -3.5% |
| Non-recurring financial charges | 66B | - | €231 | +€231 | |
| Profit (loss) for the period before taxes | 9903 | €36,125 | €31,581 | -€4,544 | -12.6% |
| Income taxes | 67/77 | €8,000 | €14,702 | +€6,702 | +83.8% |
| Profit (loss) for the period | 9904 | €28,125 | €16,879 | -€11,246 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,125 | €16,879 | -€11,246 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.