JFDS Conseil: 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.
JFDS Conseil
Largest movements
- Cash +€197,304
up €197,304 (+228.9%), from €86,207 to €283,511
mainly Current investments (+€125,000) and Net result for the year (+€69,240)
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Receivables within one year +€5,664
up €5,664 (+55.8%), from €10,156 to €15,820
of which Trade receivables: +€5,664
- Other debts +€62,820
new in 2025: €62,820
- Tax, wage and social debts +€8,403
up €8,403 (+32.9%), from €25,573 to €33,976
- Reserves +€6,420
up €6,420 (+3.2%), from €198,094 to €204,513
- Gross operating margin +€18,335
up €18,335 (+22.8%), from €80,493 to €98,828
- Taxes +€10,091
up €10,091 (+56.6%), from €17,824 to €27,915
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 | €232,732 | €311,345 | +€78,614 | +33.8% |
| Fixed assets | 21/28 | €9,362 | €9,970 | +€607 | +6.5% |
| Tangible fixed assets | 22/27 | €9,362 | €9,970 | +€607 | +6.5% |
| Other tangible fixed assets | 26 | €9,362 | €9,970 | +€607 | +6.5% |
| Current assets | 29/58 | €223,369 | €301,375 | +€78,006 | +34.9% |
| Amounts receivable within one year | 40/41 | €10,156 | €15,820 | +€5,664 | +55.8% |
| Trade receivables | 40 | €10,156 | €15,820 | +€5,664 | +55.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,207 | €283,511 | +€197,304 | +228.9% |
| Deferred charges and accrued income | 490/1 | €2,006 | €2,044 | +€38 | +1.9% |
| Total equity and liabilities | 10/49 | €232,732 | €311,345 | +€78,614 | +33.8% |
| Equity | 10/15 | €203,094 | €209,513 | +€6,420 | +3.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €198,094 | €204,513 | +€6,420 | +3.2% |
| Distributable reserves | 133 | €198,094 | €204,513 | +€6,420 | +3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,638 | €101,832 | +€72,194 | +243.6% |
| Amounts payable within one year | 42/48 | €29,638 | €99,640 | +€70,002 | +236.2% |
| Trade debts | 44 | €4,065 | €2,844 | -€1,221 | -30.0% |
| Suppliers | 440/4 | €4,065 | €2,844 | -€1,221 | -30.0% |
| Taxes, remuneration and social security | 45 | €25,573 | €33,976 | +€8,403 | +32.9% |
| Taxes | 450/3 | €25,573 | €33,976 | +€8,403 | +32.9% |
| Other amounts payable | 47/48 | - | €62,820 | +€62,820 | |
| Accrued charges and deferred income | 492/3 | - | €2,192 | +€2,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €1,033 | +€677 | +190.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €80,493 | €98,828 | +€18,335 | +22.8% |
| Operating profit (loss) | 9901 | €80,137 | €97,395 | +€17,258 | +21.5% |
| Financial income | 75/76B | €3,548 | €3,162 | -€386 | -10.9% |
| Recurring financial income | 75 | €3,548 | €3,162 | -€386 | -10.9% |
| Financial charges | 65/66B | €3,041 | €3,402 | +€361 | +11.9% |
| Recurring financial charges | 65 | €3,041 | €3,402 | +€361 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €80,644 | €97,155 | +€16,511 | +20.5% |
| Income taxes | 67/77 | €17,824 | €27,915 | +€10,091 | +56.6% |
| Profit (loss) for the period | 9904 | €62,820 | €69,240 | +€6,420 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,820 | €69,240 | +€6,420 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.