JFG PARTNER: 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.
JFG PARTNER
Largest movements
- Tangible fixed assets -€17,440
down €17,440 (-24.7%), from €70,502 to €53,062
of which Furniture and vehicles: -€16,920
- Receivables within one year -€4,686
down €4,686 (-23.8%), from €19,690 to €15,004
of which Other amounts receivable: -€4,967
- Cash -€3,377
down €3,377 (-9.6%), from €35,018 to €31,642
mainly Other debts (-€61,137) and Investment in fixed assets (net) (-€2,496)
- Other debts -€61,137
down €61,137 (-75.9%), from €80,510 to €19,373
- Profit (loss) carried forward +€29,093
up €29,093 (+91.3%), from €31,858 to €60,951
- Tax, wage and social debts +€6,488
up €6,488 (+73.3%), from €8,850 to €15,338
- Depreciation +€12,190
up €12,190 (+157.4%), from €7,747 to €19,937
- Gross operating margin +€7,949
up €7,949 (+15.5%), from €51,152 to €59,100
- Other operating charges -€1,231
down €1,231 (-46.9%), from €2,624 to €1,394
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 | €126,692 | €100,953 | -€25,738 | -20.3% |
| Fixed assets | 21/28 | €70,502 | €53,062 | -€17,440 | -24.7% |
| Tangible fixed assets | 22/27 | €70,502 | €53,062 | -€17,440 | -24.7% |
| Furniture and vehicles | 24 | €68,249 | €51,329 | -€16,920 | -24.8% |
| Other tangible fixed assets | 26 | €2,254 | €1,733 | -€521 | -23.1% |
| Current assets | 29/58 | €56,189 | €47,891 | -€8,298 | -14.8% |
| Amounts receivable within one year | 40/41 | €19,690 | €15,004 | -€4,686 | -23.8% |
| Trade receivables | 40 | €14,723 | €15,004 | +€281 | +1.9% |
| Other amounts receivable | 41 | €4,967 | - | -€4,967 | |
| Cash at bank and in hand | 54/58 | €35,018 | €31,642 | -€3,377 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,482 | €1,246 | -€236 | -15.9% |
| Total equity and liabilities | 10/49 | €126,692 | €100,953 | -€25,738 | -20.3% |
| Equity | 10/15 | €36,858 | €65,951 | +€29,093 | +78.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,858 | €60,951 | +€29,093 | +91.3% |
| Amounts payable | 17/49 | €89,834 | €35,002 | -€54,831 | -61.0% |
| Amounts payable within one year | 42/48 | €89,823 | €35,002 | -€54,821 | -61.0% |
| Trade debts | 44 | €462 | €291 | -€171 | -37.1% |
| Suppliers | 440/4 | €462 | €291 | -€171 | -37.1% |
| Taxes, remuneration and social security | 45 | €8,850 | €15,338 | +€6,488 | +73.3% |
| Taxes | 450/3 | €8,850 | €15,338 | +€6,488 | +73.3% |
| Other amounts payable | 47/48 | €80,510 | €19,373 | -€61,137 | -75.9% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,747 | €19,937 | +€12,190 | +157.4% |
| Other operating charges | 640/8 | €2,624 | €1,394 | -€1,231 | -46.9% |
| Gross operating margin | 9900 | €51,152 | €59,100 | +€7,949 | +15.5% |
| Operating profit (loss) | 9901 | €40,780 | €37,770 | -€3,011 | -7.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €72 | €78 | +€5 | +7.6% |
| Recurring financial charges | 65 | €72 | €78 | +€5 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €40,708 | €37,692 | -€3,016 | -7.4% |
| Income taxes | 67/77 | €8,850 | €8,599 | -€251 | -2.8% |
| Profit (loss) for the period | 9904 | €31,858 | €29,093 | -€2,765 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,858 | €29,093 | -€2,765 | -8.7% |
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 8 October 2026 via checked.be.