JFDI: 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.
What changed
JFDI
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,912
2024 · €2,566+€3,346
Equity
€63,314
2024 · €57,402+€5,912
Cash
€4,125
2024 · €5,081-€955
Balance sheet total
€214,908
2024 · €217,574-€2,666
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€23,426
down €23,426 (-92.2%), from €25,396 to €1,971
- Other debts +€13,940
up €13,940 (+12.9%), from €107,648 to €121,588
- Reserves +€5,912
up €5,912 (+10.9%), from €54,402 to €60,314
Income statement
- Taxes +€1,071
up €1,071 (+81.1%), from €1,320 to €2,391
- Gross operating margin -€569
down €569 (-5.3%), from €10,714 to €10,144
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.
Result 2024
€2,566
Gross operating margin
-€569
Write-downs
-€29
Other operating charges
-€6
Other operating items
+€5,000
Financial charges
+€20
Taxes
-€1,071
Result 2025
€5,912
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,064
Investment
€0
Financing
-€23,019
Cash 2024
€5,081
From operations (derived)
+€22,064
Net result for the year
+€5,912
Depreciation
+€1,003
Receivables within one year
+€680
Deferred charges and accrued income
+€29
Tax, wage and social debts
+€500
Other debts
+€13,940
Financing
-€23,019
Debts after one year
-€23,426
Current portion of long-term debt
+€407
Cash 2025
€4,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,574 | €214,908 | -€2,666 | -1.2% |
| Fixed assets | 21/28 | €160,210 | €159,207 | -€1,003 | -0.6% |
| Tangible fixed assets | 22/27 | €4,319 | €3,316 | -€1,003 | -23.2% |
| Furniture and vehicles | 24 | €513 | €116 | -€398 | -77.5% |
| Other tangible fixed assets | 26 | €3,806 | €3,201 | -€605 | -15.9% |
| Financial fixed assets | 28 | €155,891 | €155,891 | = | 0.0% |
| Current assets | 29/58 | €57,364 | €55,701 | -€1,664 | -2.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €680 | €0 | -€680 | -100% |
| Other amounts receivable | 41 | €680 | €0 | -€680 | -100% |
| Cash at bank and in hand | 54/58 | €5,081 | €4,125 | -€955 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,604 | €1,575 | -€29 | -1.8% |
| Total equity and liabilities | 10/49 | €217,574 | €214,908 | -€2,666 | -1.2% |
| Equity | 10/15 | €57,402 | €63,314 | +€5,912 | +10.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,402 | €60,314 | +€5,912 | +10.9% |
| Distributable reserves | 133 | €54,402 | €60,314 | +€5,912 | +10.9% |
| Amounts payable | 17/49 | €160,172 | €151,594 | -€8,578 | -5.4% |
| Amounts payable after more than one year | 17 | €25,396 | €1,971 | -€23,426 | -92.2% |
| Financial debts | 170/4 | €25,396 | €1,971 | -€23,426 | -92.2% |
| Amounts payable within one year | 42/48 | €133,441 | €148,289 | +€14,847 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €23,019 | €23,426 | +€407 | +1.8% |
| Taxes, remuneration and social security | 45 | €2,774 | €3,275 | +€500 | +18.0% |
| Taxes | 450/3 | €2,774 | €3,275 | +€500 | +18.0% |
| Other amounts payable | 47/48 | €107,648 | €121,588 | +€13,940 | +12.9% |
| Accrued charges and deferred income | 492/3 | €1,335 | €1,335 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €1,003 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29 | +€29 | |
| Other operating charges | 640/8 | €532 | €537 | +€6 | +1.0% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100% |
| Gross operating margin | 9900 | €10,714 | €10,144 | -€569 | -5.3% |
| Operating profit (loss) | 9901 | €4,179 | €8,576 | +€4,397 | +105% |
| Financial income | 75/76B | €2,500 | €2,500 | = | 0.0% |
| Recurring financial income | 75 | €2,500 | €2,500 | = | 0.0% |
| Financial charges | 65/66B | €2,793 | €2,773 | -€20 | -0.7% |
| Recurring financial charges | 65 | €2,793 | €2,773 | -€20 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €3,886 | €8,303 | +€4,417 | +114% |
| Income taxes | 67/77 | €1,320 | €2,391 | +€1,071 | +81.1% |
| Profit (loss) for the period | 9904 | €2,566 | €5,912 | +€3,346 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €2,566 | €5,912 | +€3,346 | +130% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.