JFE Virton: 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
JFE Virton
NACE 22.220, Manufacture of rubber and plastic products
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€8.3m
2025 · €2.4m+€5.8m
Equity
-
not filed
Cash
€786,770
2025 · €3.0m-€2.2m
Balance sheet total
€179.8m
2025 · €179.2m+€624,124
Largest movements
Assets
- Receivables within one year +€4.2m
up €4.2m (+25.5%), from €16.6m to €20.9m
of which Trade receivables: +€4.3m
- Stocks and contracts -€2.5m
down €2.5m (-10.5%), from €23.7m to €21.2m
- Cash -€2.2m
down €2.2m (-73.7%), from €3.0m to €786,770
mainly Contributions, distributions and other (-€8.3m) and Receivables within one year (-€4.2m)
- Financial fixed assets +€1.8m
up €1.8m (+1.5%), from €126.8m to €128.6m
of which Affiliated companies: +€1.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€37.8m
down €37.8m (-13.0%), from €290.3m to €252.5m
- Goods and materials -€30.2m
down €30.2m (-13.6%), from €221.7m to €191.5m
- Write-downs -€5.1m
down €5.1m (-75.4%), from €6.7m to €1.6m
- Taxes -€3.4m
down €3.4m (-90.0%), from €3.8m to €376,335
From the 2025 result to the 2026 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 2025
€2.4m
Turnover
-€37.8m
Other operating income
-€1.0m
Goods and materials
+€30.2m
Services and other goods
+€2.7m
Staff costs
-€727,834
Depreciation
+€447,043
Write-downs
+€5.1m
Provisions
+€634,952
Other operating charges
-€17,995
Other operating items
+€1.8m
Financial income
-€73,374
Financial charges
+€1.3m
Other financial items
-€1
Taxes
+€3.4m
Deferred taxes and other
-€10,004
Result 2026
€8.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€10.0m
Investment
-€4.0m
Financing
-€8.3m
Cash 2025
€3.0m
From operations (derived)
+€10.0m
Net result for the year
+€8.3m
Depreciation
+€2.6m
Stocks and contracts
+€2.5m
Receivables within one year
-€4.2m
Deferred charges and accrued income
+€231,042
Total equity and liabilities
+€624,124
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€8.3m
Contributions, distributions and other
-€8.3m
Cash 2026
€786,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,174,315 | €179,798,439 | +€624,124 | +0.3% |
| Fixed assets | 21/28 | €135,025,671 | €136,330,972 | +€1.3m | +1.0% |
| Intangible fixed assets | 21 | €4,808,358 | €4,500,667 | -€307,691 | -6.4% |
| Tangible fixed assets | 22/27 | €3,413,487 | €3,187,254 | -€226,233 | -6.6% |
| Land and buildings | 22 | €816,387 | €876,380 | +€59,993 | +7.3% |
| Plant, machinery and equipment | 23 | €2,363,549 | €2,097,133 | -€266,416 | -11.3% |
| Furniture and vehicles | 24 | €69,615 | €45,092 | -€24,523 | -35.2% |
| Leasing and similar rights | 25 | - | €40,320 | +€40,320 | |
| Assets under construction and advance payments | 27 | €163,937 | €128,329 | -€35,608 | -21.7% |
| Financial fixed assets | 28 | €126,803,826 | €128,643,052 | +€1.8m | +1.5% |
| Affiliated companies | 280/1 | €124,852,744 | €126,214,821 | +€1.4m | +1.1% |
| Amounts receivable | 281 | €124,852,744 | €126,214,821 | +€1.4m | +1.1% |
| Other financial fixed assets | 284/8 | €1,951,081 | €2,428,230 | +€477,149 | +24.5% |
| Shares | 284 | €21,475 | €21,475 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,929,606 | €2,406,755 | +€477,149 | +24.7% |
| Current assets | 29/58 | €44,148,644 | €43,467,467 | -€681,177 | -1.5% |
| Stocks and contracts in progress | 3 | €23,724,022 | €21,242,319 | -€2.5m | -10.5% |
| Stocks | 30/36 | €23,724,022 | €21,242,319 | -€2.5m | -10.5% |
| Raw materials and consumables | 30/31 | €6,980,731 | €7,204,246 | +€223,515 | +3.2% |
| Work in progress | 32 | €4,961,751 | €5,411,097 | +€449,346 | +9.1% |
| Finished goods | 33 | €5,764,313 | €5,637,597 | -€126,716 | -2.2% |
| Goods purchased for resale | 34 | €6,017,227 | €2,989,379 | -€3.0m | -50.3% |
| Amounts receivable within one year | 40/41 | €16,619,951 | €20,851,077 | +€4.2m | +25.5% |
| Trade receivables | 40 | €9,769,757 | €14,105,285 | +€4.3m | +44.4% |
| Other amounts receivable | 41 | €6,850,194 | €6,745,792 | -€104,402 | -1.5% |
| Cash at bank and in hand | 54/58 | €2,986,329 | €786,770 | -€2.2m | -73.7% |
| Deferred charges and accrued income | 490/1 | €818,343 | €587,301 | -€231,042 | -28.2% |
| Total equity and liabilities | 10/49 | €179,174,315 | €179,798,439 | +€624,124 | +0.3% |
| Contributions | 10/11 | €20,816,619 | €20,816,619 | = | 0.0% |
| Reserves | 13 | €1,466,136 | €1,466,136 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,318 | €80,318 | = | 0.0% |
| Distributable reserves | 133 | €1,385,819 | €1,385,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,067,011 | €73,345,653 | +€8.3m | +12.7% |
| Investment grants | 15 | €92,354 | €80,712 | -€11,642 | -12.6% |
| Provisions for liabilities and charges | 160/5 | €3,189,911 | €2,516,715 | -€673,196 | -21.1% |
| Pensions and similar obligations | 160 | €1,275,544 | €824,685 | -€450,859 | -35.3% |
| Major repairs and maintenance | 162 | €544,600 | €366,100 | -€178,500 | -32.8% |
| Other liabilities and charges | 164/5 | €1,369,767 | €1,325,930 | -€43,837 | -3.2% |
| Deferred taxes | 168 | €30,785 | €26,904 | -€3,881 | -12.6% |
| Amounts payable | 17/49 | €88,511,499 | €81,545,699 | -€7.0m | -7.9% |
| Amounts payable after more than one year | 17 | - | €33,606 | +€33,606 | |
| Financial debts | 170/4 | - | €33,606 | +€33,606 | |
| Leasing and similar obligations | 172 | - | €33,606 | +€33,606 | |
| Amounts payable within one year | 42/48 | €88,511,499 | €81,512,093 | -€7.0m | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,012 | +€8,012 | |
| Financial debts | 43 | €14,231,107 | €17,313,089 | +€3.1m | +21.7% |
| Other loans | 439 | €14,231,107 | €17,313,089 | +€3.1m | +21.7% |
| Trade debts | 44 | €63,441,414 | €56,635,635 | -€6.8m | -10.7% |
| Suppliers | 440/4 | €63,441,414 | €56,635,635 | -€6.8m | -10.7% |
| Taxes, remuneration and social security | 45 | €10,838,978 | €7,555,358 | -€3.3m | -30.3% |
| Taxes | 450/3 | €4,577,928 | €1,369,087 | -€3.2m | -70.1% |
| Remuneration and social security | 454/9 | €6,261,050 | €6,186,271 | -€74,779 | -1.2% |
| Operating income | 70/76A | €303,009,390 | €266,007,821 | -€37.0m | -12.2% |
| Turnover | 70 | €290,275,833 | €252,500,615 | -€37.8m | -13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,274,647 | €393,467 | +€1.7m | |
| Own construction capitalised | 72 | €1,337,508 | €1,461,281 | +€123,773 | +9.3% |
| Other operating income | 74 | €12,670,696 | €11,652,457 | -€1.0m | -8.0% |
| Operating charges | 60/66A | €300,162,087 | €261,955,640 | -€38.2m | -12.7% |
| Goods for resale, raw materials and consumables | 60 | €221,676,352 | €191,524,560 | -€30.2m | -13.6% |
| Change in stocks: decrease (increase) | 609 | -€1,294,858 | €2,764,649 | +€4.1m | |
| Services and other goods | 61 | €35,233,069 | €32,578,598 | -€2.7m | -7.5% |
| Remuneration, social security and pensions | 62 | €32,417,424 | €33,145,258 | +€727,834 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,096,546 | €2,649,503 | -€447,043 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,712,723 | €1,648,705 | -€5.1m | -75.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,244 | -€673,196 | -€634,952 | -1,660% |
| Other operating charges | 640/8 | €1,064,217 | €1,082,212 | +€17,995 | +1.7% |
| Operating profit (loss) | 9901 | €2,847,302 | €4,052,181 | +€1.2m | +42.3% |
| Recurring financial income | 75 | €7,128,018 | €7,054,644 | -€73,374 | -1.0% |
| Income from financial fixed assets | 750 | €6,819,718 | €6,750,907 | -€68,811 | -1.0% |
| Income from current assets | 751 | €238,820 | €25,276 | -€213,544 | -89.4% |
| Other financial income | 752/9 | €69,480 | €278,461 | +€208,981 | +301% |
| Financial charges | 65/66B | €3,803,520 | €2,455,728 | -€1.3m | -35.4% |
| Recurring financial charges | 65 | €3,803,520 | €2,455,728 | -€1.3m | -35.4% |
| Debt charges | 650 | €704,639 | €281,233 | -€423,406 | -60.1% |
| Other financial charges | 652/9 | €3,098,881 | €2,174,495 | -€924,386 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €6,171,800 | €8,651,096 | +€2.5m | +40.2% |
| Transfer from deferred taxes | 780 | €13,885 | €3,881 | -€10,004 | -72.0% |
| Income taxes | 67/77 | €3,756,541 | €376,335 | -€3.4m | -90.0% |
| Taxes | 670/3 | €3,756,541 | €376,335 | -€3.4m | -90.0% |
| Profit (loss) for the period | 9904 | €2,429,144 | €8,278,642 | +€5.8m | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €2,429,144 | €8,278,642 | +€5.8m | +241% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.