JFJ: 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.
JFJ
Largest movements
- Receivables after one year -€105,000
no longer reported in 2025 (was €105,000)
- Receivables within one year +€37,507
up €37,507 (+63.9%), from €58,679 to €96,186
of which Trade receivables: +€33,639
- Cash -€30,103
down €30,103 (-50.8%), from €59,296 to €29,193
mainly Contributions, distributions and other (-€195,900) and Receivables within one year (-€37,507)
- Deferred charges and accrued income -€6,227
down €6,227 (-97.1%), from €6,412 to €185
- Reserves -€185,900
down €185,900 (-92.5%), from €200,900 to €15,000
- Other debts +€70,572
new in 2025: €70,572
- Tax, wage and social debts +€17,573
new in 2025: €17,573
- Trade debts -€17,307
down €17,307 (-68.0%), from €25,449 to €8,142
- Profit (loss) carried forward +€8,232
up €8,232 (+261.5%), from €3,147 to €11,379
- Gross operating margin -€32,791
down €32,791 (-54.8%), from €59,818 to €27,027
- Taxes -€6,738
down €6,738 (-54.1%), from €12,450 to €5,712
- Depreciation -€2,803
down €2,803 (-65.4%), from €4,287 to €1,484
- Financial charges +€2,546
up €2,546 (+474.5%), from €537 to €3,083
- Financial income -€1,152
down €1,152 (-32.3%), from €3,565 to €2,413
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 | €234,496 | €130,044 | -€104,452 | -44.5% |
| Fixed assets | 21/28 | €4,569 | €3,085 | -€1,484 | -32.5% |
| Tangible fixed assets | 22/27 | €3,969 | €2,485 | -€1,484 | -37.4% |
| Furniture and vehicles | 24 | €3,969 | €2,485 | -€1,484 | -37.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €229,927 | €126,959 | -€102,968 | -44.8% |
| Amounts receivable after more than one year | 29 | €105,000 | - | -€105,000 | |
| Other amounts receivable | 291 | €105,000 | - | -€105,000 | |
| Stocks and contracts in progress | 3 | €540 | €1,395 | +€855 | +158.3% |
| Stocks | 30/36 | €540 | €1,395 | +€855 | +158.3% |
| Amounts receivable within one year | 40/41 | €58,679 | €96,186 | +€37,507 | +63.9% |
| Trade receivables | 40 | €47,076 | €80,715 | +€33,639 | +71.5% |
| Other amounts receivable | 41 | €11,603 | €15,471 | +€3,868 | +33.3% |
| Cash at bank and in hand | 54/58 | €59,296 | €29,193 | -€30,103 | -50.8% |
| Deferred charges and accrued income | 490/1 | €6,412 | €185 | -€6,227 | -97.1% |
| Total equity and liabilities | 10/49 | €234,496 | €130,044 | -€104,452 | -44.5% |
| Equity | 10/15 | €209,047 | €31,379 | -€177,668 | -85.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,900 | €15,000 | -€185,900 | -92.5% |
| Distributable reserves | 133 | €200,900 | €15,000 | -€185,900 | -92.5% |
| Profit (loss) carried forward | 14 | €3,147 | €11,379 | +€8,232 | +261.5% |
| Amounts payable | 17/49 | €25,449 | €98,665 | +€73,217 | +287.7% |
| Amounts payable within one year | 42/48 | €25,449 | €96,287 | +€70,838 | +278.4% |
| Trade debts | 44 | €25,449 | €8,142 | -€17,307 | -68.0% |
| Suppliers | 440/4 | €25,449 | €8,142 | -€17,307 | -68.0% |
| Taxes, remuneration and social security | 45 | - | €17,573 | +€17,573 | |
| Taxes | 450/3 | - | €17,573 | +€17,573 | |
| Other amounts payable | 47/48 | - | €70,572 | +€70,572 | |
| Accrued charges and deferred income | 492/3 | - | €2,378 | +€2,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,287 | €1,484 | -€2,803 | -65.4% |
| Other operating charges | 640/8 | €678 | €930 | +€252 | +37.2% |
| Gross operating margin | 9900 | €59,818 | €27,027 | -€32,791 | -54.8% |
| Operating profit (loss) | 9901 | €54,853 | €24,613 | -€30,240 | -55.1% |
| Financial income | 75/76B | €3,565 | €2,413 | -€1,152 | -32.3% |
| Recurring financial income | 75 | €3,565 | €2,413 | -€1,152 | -32.3% |
| Financial charges | 65/66B | €537 | €3,083 | +€2,546 | +474.5% |
| Recurring financial charges | 65 | €537 | €3,083 | +€2,546 | +474.5% |
| Profit (loss) for the period before taxes | 9903 | €57,882 | €23,944 | -€33,938 | -58.6% |
| Income taxes | 67/77 | €12,450 | €5,712 | -€6,738 | -54.1% |
| Profit (loss) for the period | 9904 | €45,432 | €18,232 | -€27,200 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,432 | €18,232 | -€27,200 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.