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
- Tangible fixed assets +€182,364
up €182,364 (+38.0%), from €479,641 to €662,005
- Receivables within one year +€14,197
up €14,197 (+145.7%), from €9,747 to €23,944
of which Other amounts receivable: +€14,561
- Cash +€11,798
up €11,798 (+59.2%), from €19,945 to €31,742
mainly Debts after one year (+€221,425) and Net result for the year (+€20,966)
- Debts after one year +€221,425
up €221,425 (+51.8%), from €427,451 to €648,876
- Other debts -€24,835
down €24,835 (-28.3%), from €87,726 to €62,891
- Profit (loss) carried forward +€20,966
up €20,966 (+9.4%), from €222,524 to €243,490
- Depreciation -€10,086
down €10,086 (-40.3%), from €25,035 to €14,949
- Financial charges +€8,413
up €8,413 (+65.0%), from €12,937 to €21,350
- Other operating charges +€1,933
up €1,933 (+44.6%), from €4,334 to €6,267
- Taxes +€1,540
up €1,540 (+12.7%), from €12,124 to €13,664
- Gross operating margin +€1,508
up €1,508 (+2.0%), from €75,331 to €76,839
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 | €795,690 | €1,004,049 | +€208,360 | +26.2% |
| Fixed assets | 21/28 | €765,841 | €948,205 | +€182,364 | +23.8% |
| Tangible fixed assets | 22/27 | €479,641 | €662,005 | +€182,364 | +38.0% |
| Land and buildings | 22 | €479,641 | €662,005 | +€182,364 | +38.0% |
| Financial fixed assets | 28 | €286,200 | €286,200 | = | 0.0% |
| Current assets | 29/58 | €29,848 | €55,844 | +€25,996 | +87.1% |
| Amounts receivable within one year | 40/41 | €9,747 | €23,944 | +€14,197 | +145.7% |
| Trade receivables | 40 | €6,650 | €6,286 | -€364 | -5.5% |
| Other amounts receivable | 41 | €3,097 | €17,658 | +€14,561 | +470.2% |
| Current investments | 50/53 | €157 | €158 | +€1 | +0.9% |
| Cash at bank and in hand | 54/58 | €19,945 | €31,742 | +€11,798 | +59.2% |
| Total equity and liabilities | 10/49 | €795,690 | €1,004,049 | +€208,360 | +26.2% |
| Equity | 10/15 | €242,984 | €263,950 | +€20,966 | +8.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,524 | €243,490 | +€20,966 | +9.4% |
| Amounts payable | 17/49 | €552,706 | €740,100 | +€187,394 | +33.9% |
| Amounts payable after more than one year | 17 | €427,451 | €648,876 | +€221,425 | +51.8% |
| Financial debts | 170/4 | €427,451 | €648,876 | +€221,425 | +51.8% |
| Amounts payable within one year | 42/48 | €125,255 | €91,224 | -€34,031 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €32,991 | €26,585 | -€6,406 | -19.4% |
| Trade debts | 44 | €1,572 | €1,748 | +€175 | +11.1% |
| Suppliers | 440/4 | €1,572 | €1,748 | +€175 | +11.1% |
| Taxes, remuneration and social security | 45 | €2,965 | - | -€2,965 | |
| Taxes | 450/3 | €2,965 | - | -€2,965 | |
| Other amounts payable | 47/48 | €87,726 | €62,891 | -€24,835 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,035 | €14,949 | -€10,086 | -40.3% |
| Other operating charges | 640/8 | €4,334 | €6,267 | +€1,933 | +44.6% |
| Gross operating margin | 9900 | €75,331 | €76,839 | +€1,508 | +2.0% |
| Operating profit (loss) | 9901 | €45,962 | €55,623 | +€9,661 | +21.0% |
| Financial income | 75/76B | €196 | €356 | +€161 | +82.0% |
| Recurring financial income | 75 | €196 | €356 | +€161 | +82.0% |
| Financial charges | 65/66B | €12,937 | €21,350 | +€8,413 | +65.0% |
| Recurring financial charges | 65 | €12,937 | €21,350 | +€8,413 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €33,221 | €34,629 | +€1,408 | +4.2% |
| Income taxes | 67/77 | €12,124 | €13,664 | +€1,540 | +12.7% |
| Profit (loss) for the period | 9904 | €21,097 | €20,966 | -€132 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,097 | €20,966 | -€132 | -0.6% |
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 29 September 2026 via checked.be.