JFL: 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.
JFL
Largest movements
- Receivables within one year +€26,128
up €26,128 (+505.1%), from €5,173 to €31,300
of which Other amounts receivable: +€27,283
- Financial fixed assets -€17,718
down €17,718 (-98.4%), from €18,000 to €282
- Cash +€2,135
up €2,135 (+17.1%), from €12,468 to €14,603
- Tangible fixed assets -€510
no longer reported in 2025 (was €510)
- Other debts +€22,972
up €22,972 (+10.0%), from €229,261 to €252,232
- Profit (loss) carried forward -€10,484
down €10,484 (-5.1%), from -€204,011 to -€214,495
- Trade debts -€1,897
down €1,897 (-45.8%), from €4,145 to €2,248
- Tax, wage and social debts -€556
no longer reported in 2025 (was €556)
- Financial charges +€17,887
up €17,887 (+11661.9%), from €153 to €18,040
of which Non-recurring financial charges: +€18,000
- Financial income -€14,452
no longer reported in 2025 (was €14,452)
of which Non-recurring financial income: -€14,448
- Other operating charges +€5,018
up €5,018 (+314.5%), from €1,596 to €6,614
- Gross operating margin +€3,175
no longer reported in 2025 (was -€3,175)
- Staff costs -€438
no longer reported in 2025 (was €438)
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,151 | €46,186 | +€10,035 | +27.8% |
| Fixed assets | 21/28 | €18,510 | €282 | -€18,228 | -98.5% |
| Tangible fixed assets | 22/27 | €510 | - | -€510 | |
| Furniture and vehicles | 24 | €510 | - | -€510 | |
| Financial fixed assets | 28 | €18,000 | €282 | -€17,718 | -98.4% |
| Current assets | 29/58 | €17,641 | €45,904 | +€28,263 | +160.2% |
| Amounts receivable within one year | 40/41 | €5,173 | €31,300 | +€26,128 | +505.1% |
| Trade receivables | 40 | €5,173 | €4,018 | -€1,155 | -22.3% |
| Other amounts receivable | 41 | - | €27,283 | +€27,283 | |
| Cash at bank and in hand | 54/58 | €12,468 | €14,603 | +€2,135 | +17.1% |
| Total equity and liabilities | 10/49 | €36,151 | €46,186 | +€10,035 | +27.8% |
| Equity | 10/15 | -€197,811 | -€208,295 | -€10,484 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,011 | -€214,495 | -€10,484 | -5.1% |
| Amounts payable | 17/49 | €233,962 | €254,480 | +€20,518 | +8.8% |
| Amounts payable within one year | 42/48 | €233,962 | €254,480 | +€20,518 | +8.8% |
| Trade debts | 44 | €4,145 | €2,248 | -€1,897 | -45.8% |
| Suppliers | 440/4 | €4,145 | €2,248 | -€1,897 | -45.8% |
| Taxes, remuneration and social security | 45 | €556 | - | -€556 | |
| Taxes | 450/3 | €556 | - | -€556 | |
| Other amounts payable | 47/48 | €229,261 | €252,232 | +€22,972 | +10.0% |
| Remuneration, social security and pensions | 62 | €438 | - | -€438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | - | -€376 | |
| Other operating charges | 640/8 | €1,596 | €6,614 | +€5,018 | +314.5% |
| Gross operating margin | 9900 | -€3,175 | - | +€3,175 | |
| Operating profit (loss) | 9901 | -€5,585 | -€6,614 | -€1,029 | -18.4% |
| Financial income | 75/76B | €14,452 | - | -€14,452 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Non-recurring financial income | 76B | €14,448 | - | -€14,448 | |
| Financial charges | 65/66B | €153 | €18,040 | +€17,887 | +11661.9% |
| Recurring financial charges | 65 | €153 | €40 | -€113 | -73.6% |
| Non-recurring financial charges | 66B | - | €18,000 | +€18,000 | |
| Profit (loss) for the period before taxes | 9903 | €8,714 | -€24,654 | -€33,368 | |
| Income taxes | 67/77 | - | -€59 | -€59 | |
| Profit (loss) for the period | 9904 | €8,714 | -€24,595 | -€33,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,714 | -€24,595 | -€33,309 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.