JFH 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.
JFH MANAGEMENT
Largest movements
- Current investments +€67,028
up €67,028 (+94.7%), from €70,742 to €137,770
- Cash -€26,326
down €26,326 (-29.6%), from €88,819 to €62,494
mainly Current investments (-€67,028) and Receivables after one year (-€24,476)
- Receivables after one year +€24,476
up €24,476 (+10,327%), from €237 to €24,713
- Tangible fixed assets -€5,831
down €5,831 (-41.4%), from €14,091 to €8,260
- Receivables within one year +€3,420
up €3,420 (+20.6%), from €16,608 to €20,028
of which Other amounts receivable: +€7,798
- Profit (loss) carried forward +€67,255
up €67,255 (+43.7%), from €154,039 to €221,293
- Debts after one year -€6,081
down €6,081 (-70.5%), from €8,630 to €2,549
- Gross operating margin +€7,927
up €7,927 (+8.9%), from €88,604 to €96,531
- Financial charges -€7,232
down €7,232 (-79.7%), from €9,075 to €1,843
- Taxes +€3,623
up €3,623 (+17.7%), from €20,469 to €24,092
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,055 | €271,623 | +€62,568 | +29.9% |
| Fixed assets | 21/28 | €31,391 | €25,560 | -€5,831 | -18.6% |
| Tangible fixed assets | 22/27 | €14,091 | €8,260 | -€5,831 | -41.4% |
| Furniture and vehicles | 24 | €14,091 | €8,260 | -€5,831 | -41.4% |
| Financial fixed assets | 28 | €17,300 | €17,300 | = | 0.0% |
| Current assets | 29/58 | €177,664 | €246,063 | +€68,399 | +38.5% |
| Amounts receivable after more than one year | 29 | €237 | €24,713 | +€24,476 | +10,327% |
| Other amounts receivable | 291 | €237 | €24,713 | +€24,476 | +10,327% |
| Amounts receivable within one year | 40/41 | €16,608 | €20,028 | +€3,420 | +20.6% |
| Trade receivables | 40 | €16,608 | €12,230 | -€4,378 | -26.4% |
| Other amounts receivable | 41 | - | €7,798 | +€7,798 | |
| Current investments | 50/53 | €70,742 | €137,770 | +€67,028 | +94.7% |
| Cash at bank and in hand | 54/58 | €88,819 | €62,494 | -€26,326 | -29.6% |
| Deferred charges and accrued income | 490/1 | €1,258 | €1,059 | -€199 | -15.8% |
| Total equity and liabilities | 10/49 | €209,055 | €271,623 | +€62,568 | +29.9% |
| Equity | 10/15 | €174,499 | €241,753 | +€67,255 | +38.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,039 | €221,293 | +€67,255 | +43.7% |
| Amounts payable | 17/49 | €34,556 | €29,870 | -€4,687 | -13.6% |
| Amounts payable after more than one year | 17 | €8,630 | €2,549 | -€6,081 | -70.5% |
| Financial debts | 170/4 | €8,630 | €2,549 | -€6,081 | -70.5% |
| Amounts payable within one year | 42/48 | €25,926 | €27,321 | +€1,394 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €11,098 | €12,171 | +€1,073 | +9.7% |
| Trade debts | 44 | €2,157 | €629 | -€1,528 | -70.8% |
| Suppliers | 440/4 | €2,157 | €629 | -€1,528 | -70.8% |
| Taxes, remuneration and social security | 45 | €5,482 | €7,521 | +€2,039 | +37.2% |
| Taxes | 450/3 | €5,482 | €7,521 | +€2,039 | +37.2% |
| Other amounts payable | 47/48 | €7,190 | €7,000 | -€190 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,831 | €5,831 | = | 0.0% |
| Other operating charges | 640/8 | €1,187 | €1,484 | +€297 | +25.0% |
| Gross operating margin | 9900 | €88,604 | €96,531 | +€7,927 | +8.9% |
| Operating profit (loss) | 9901 | €81,587 | €89,216 | +€7,629 | +9.4% |
| Financial income | 75/76B | €4,433 | €3,973 | -€460 | -10.4% |
| Recurring financial income | 75 | €4,433 | €3,973 | -€460 | -10.4% |
| Financial charges | 65/66B | €9,075 | €1,843 | -€7,232 | -79.7% |
| Recurring financial charges | 65 | €9,075 | €1,843 | -€7,232 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €76,945 | €91,346 | +€14,402 | +18.7% |
| Income taxes | 67/77 | €20,469 | €24,092 | +€3,623 | +17.7% |
| Profit (loss) for the period | 9904 | €56,476 | €67,255 | +€10,778 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,476 | €67,255 | +€10,778 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.