JFG MANAGEMENT: 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.
JFG MANAGEMENT
Largest movements
- Receivables within one year +€338,305
up €338,305 (+1,275%), from €26,536 to €364,841
of which Other amounts receivable: +€335,982
- Cash -€126,569
down €126,569 (-41.9%), from €301,859 to €175,290
mainly Receivables within one year (-€338,305) and Debts after one year (-€16,008)
- Tangible fixed assets -€17,052
down €17,052 (-23.8%), from €71,642 to €54,589
- Profit (loss) carried forward +€209,832
up €209,832 (+82.6%), from €253,913 to €463,745
- Debts after one year -€16,008
down €16,008 (-32.1%), from €49,854 to €33,846
- Other debts -€6,511
no longer reported in 2026 (was €6,511)
- Tax, wage and social debts +€6,199
up €6,199 (+8.2%), from €75,514 to €81,713
- Gross operating margin +€51,357
up €51,357 (+21.8%), from €235,266 to €286,623
- Taxes +€15,194
up €15,194 (+30.8%), from €49,261 to €64,454
- Financial income +€8,415
new in 2026: €8,415
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,743 | €596,312 | +€193,570 | +48.1% |
| Fixed assets | 21/28 | €71,642 | €54,589 | -€17,052 | -23.8% |
| Tangible fixed assets | 22/27 | €71,642 | €54,589 | -€17,052 | -23.8% |
| Furniture and vehicles | 24 | €71,642 | €54,589 | -€17,052 | -23.8% |
| Current assets | 29/58 | €331,101 | €541,723 | +€210,622 | +63.6% |
| Amounts receivable within one year | 40/41 | €26,536 | €364,841 | +€338,305 | +1,275% |
| Trade receivables | 40 | €26,536 | €28,859 | +€2,323 | +8.8% |
| Other amounts receivable | 41 | - | €335,982 | +€335,982 | |
| Cash at bank and in hand | 54/58 | €301,859 | €175,290 | -€126,569 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,706 | €1,592 | -€1,114 | -41.2% |
| Total equity and liabilities | 10/49 | €402,743 | €596,312 | +€193,570 | +48.1% |
| Equity | 10/15 | €254,913 | €464,745 | +€209,832 | +82.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,913 | €463,745 | +€209,832 | +82.6% |
| Amounts payable | 17/49 | €147,830 | €131,567 | -€16,263 | -11.0% |
| Amounts payable after more than one year | 17 | €49,854 | €33,846 | -€16,008 | -32.1% |
| Financial debts | 170/4 | €49,854 | €33,846 | -€16,008 | -32.1% |
| Amounts payable within one year | 42/48 | €97,976 | €97,721 | -€255 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €15,433 | €16,008 | +€575 | +3.7% |
| Trade debts | 44 | €517 | - | -€517 | |
| Suppliers | 440/4 | €517 | - | -€517 | |
| Taxes, remuneration and social security | 45 | €75,514 | €81,713 | +€6,199 | +8.2% |
| Taxes | 450/3 | €75,514 | €81,713 | +€6,199 | +8.2% |
| Other amounts payable | 47/48 | €6,511 | - | -€6,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,941 | €18,390 | +€449 | +2.5% |
| Gross operating margin | 9900 | €235,266 | €286,623 | +€51,357 | +21.8% |
| Operating profit (loss) | 9901 | €217,325 | €268,233 | +€50,908 | +23.4% |
| Financial income | 75/76B | - | €8,415 | +€8,415 | |
| Recurring financial income | 75 | - | €8,415 | +€8,415 | |
| Financial charges | 65/66B | €2,871 | €2,361 | -€509 | -17.7% |
| Recurring financial charges | 65 | €2,871 | €2,361 | -€509 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €214,454 | €274,286 | +€59,833 | +27.9% |
| Income taxes | 67/77 | €49,261 | €64,454 | +€15,194 | +30.8% |
| Profit (loss) for the period | 9904 | €165,193 | €209,832 | +€44,639 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,193 | €209,832 | +€44,639 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.