JFE MANAGEMENT: 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.
JFE MANAGEMENT
Largest movements
- Cash -€117,168
down €117,168 (-29.0%), from €404,701 to €287,533
mainly Contributions, distributions and other (-€367,718) and Tax, wage and social debts (-€34,990)
- Profit (loss) carried forward -€216,129
no longer reported in 2025 (was €216,129)
- Other debts +€135,189
up €135,189 (+67.6%), from €200,000 to €335,189
- Tax, wage and social debts -€34,990
down €34,990 (-78.8%), from €44,406 to €9,416
- Gross operating margin -€30,009
down €30,009 (-13.2%), from €228,111 to €198,101
- Taxes -€7,416
down €7,416 (-13.8%), from €53,656 to €46,240
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 | €471,180 | €352,730 | -€118,450 | -25.1% |
| Current assets | 29/58 | €471,180 | €352,730 | -€118,450 | -25.1% |
| Amounts receivable within one year | 40/41 | €60,834 | €58,651 | -€2,183 | -3.6% |
| Trade receivables | 40 | €17,759 | €18,334 | +€576 | +3.2% |
| Other amounts receivable | 41 | €43,076 | €40,316 | -€2,759 | -6.4% |
| Cash at bank and in hand | 54/58 | €404,701 | €287,533 | -€117,168 | -29.0% |
| Deferred charges and accrued income | 490/1 | €5,645 | €6,546 | +€901 | +16.0% |
| Total equity and liabilities | 10/49 | €471,180 | €352,730 | -€118,450 | -25.1% |
| Equity | 10/15 | €221,129 | €5,000 | -€216,129 | -97.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,129 | - | -€216,129 | |
| Amounts payable | 17/49 | €250,051 | €347,730 | +€97,679 | +39.1% |
| Amounts payable within one year | 42/48 | €249,551 | €347,230 | +€97,679 | +39.1% |
| Trade debts | 44 | €5,146 | €2,626 | -€2,520 | -49.0% |
| Suppliers | 440/4 | €5,146 | €2,626 | -€2,520 | -49.0% |
| Taxes, remuneration and social security | 45 | €44,406 | €9,416 | -€34,990 | -78.8% |
| Taxes | 450/3 | €44,406 | €9,416 | -€34,990 | -78.8% |
| Other amounts payable | 47/48 | €200,000 | €335,189 | +€135,189 | +67.6% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €530 | €463 | -€68 | -12.7% |
| Gross operating margin | 9900 | €228,111 | €198,101 | -€30,009 | -13.2% |
| Operating profit (loss) | 9901 | €227,580 | €197,639 | -€29,942 | -13.2% |
| Financial income | 75/76B | €354 | €286 | -€68 | -19.3% |
| Recurring financial income | 75 | €354 | €286 | -€68 | -19.3% |
| Financial charges | 65/66B | €103 | €96 | -€7 | -7.0% |
| Recurring financial charges | 65 | €103 | €96 | -€7 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €227,832 | €197,829 | -€30,003 | -13.2% |
| Income taxes | 67/77 | €53,656 | €46,240 | -€7,416 | -13.8% |
| Profit (loss) for the period | 9904 | €174,176 | €151,589 | -€22,586 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,176 | €151,589 | -€22,586 | -13.0% |
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 5 October 2026 via checked.be.