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
- Deferred charges and accrued income -€240,148
down €240,148 (-100.0%), from €240,148 to €0
- Cash -€102,290
down €102,290 (-97.7%), from €104,709 to €2,418
mainly Other debts (-€439,243)
- Tangible fixed assets -€29,022
down €29,022 (-6.6%), from €442,696 to €413,674
of which Land and buildings: -€28,394
- Other debts -€439,243
down €439,243 (-98.1%), from €447,659 to €8,416
- Reserves +€47,089
up €47,089 (+16.1%), from €292,596 to €339,684
of which Distributable reserves: +€47,089
- Tax, wage and social debts +€15,437
up €15,437 (+45.4%), from €34,004 to €49,442
- Gross operating margin -€62,228
down €62,228 (-34.9%), from €178,194 to €115,967
- Taxes -€14,165
down €14,165 (-44.5%), from €31,803 to €17,638
- Financial charges +€4,453
up €4,453 (+23584.4%), from €19 to €4,472
- Other operating charges -€3,611
down €3,611 (-16.9%), from €21,358 to €17,746
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.
Cash bridge derived
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 | €792,809 | €416,092 | -€376,717 | -47.5% |
| Fixed assets | 21/28 | €442,696 | €413,674 | -€29,022 | -6.6% |
| Tangible fixed assets | 22/27 | €442,696 | €413,674 | -€29,022 | -6.6% |
| Land and buildings | 22 | €440,502 | €412,108 | -€28,394 | -6.4% |
| Plant, machinery and equipment | 23 | €2,194 | €1,566 | -€628 | -28.6% |
| Current assets | 29/58 | €350,114 | €2,418 | -€347,695 | -99.3% |
| Amounts receivable within one year | 40/41 | €5,257 | €0 | -€5,257 | -100.0% |
| Trade receivables | 40 | €700 | €0 | -€700 | -100.0% |
| Other amounts receivable | 41 | €4,557 | €0 | -€4,557 | -100.0% |
| Cash at bank and in hand | 54/58 | €104,709 | €2,418 | -€102,290 | -97.7% |
| Deferred charges and accrued income | 490/1 | €240,148 | €0 | -€240,148 | -100.0% |
| Total equity and liabilities | 10/49 | €792,809 | €416,092 | -€376,717 | -47.5% |
| Equity | 10/15 | €311,146 | €358,234 | +€47,089 | +15.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €292,596 | €339,684 | +€47,089 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €292,596 | €339,684 | +€47,089 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €481,664 | €57,858 | -€423,806 | -88.0% |
| Amounts payable within one year | 42/48 | €481,664 | €57,858 | -€423,806 | -88.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €34,004 | €49,442 | +€15,437 | +45.4% |
| Taxes | 450/3 | €34,004 | €49,442 | +€15,437 | +45.4% |
| Other amounts payable | 47/48 | €447,659 | €8,416 | -€439,243 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,604 | €29,022 | -€582 | -2.0% |
| Other operating charges | 640/8 | €21,358 | €17,746 | -€3,611 | -16.9% |
| Gross operating margin | 9900 | €178,194 | €115,967 | -€62,228 | -34.9% |
| Operating profit (loss) | 9901 | €127,233 | €69,198 | -€58,034 | -45.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19 | €4,472 | +€4,453 | +23584.4% |
| Recurring financial charges | 65 | €19 | €4,472 | +€4,453 | +23584.4% |
| Profit (loss) for the period before taxes | 9903 | €127,214 | €64,727 | -€62,487 | -49.1% |
| Income taxes | 67/77 | €31,803 | €17,638 | -€14,165 | -44.5% |
| Profit (loss) for the period | 9904 | €95,410 | €47,089 | -€48,322 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,410 | €47,089 | -€48,322 | -50.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.