JFL Advisory: 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.
JFL Advisory
Largest movements
- Receivables within one year +€991,146
up €991,146 (+623%), from €159,000 to €1.2m
of which Other amounts receivable: +€1.2m
- Cash +€118,059
up €118,059 (+7.5%), from €1.6m to €1.7m
mainly Net result for the year (+€1.1m) and Deferred charges and accrued income (+€14,928)
- Profit (loss) carried forward +€1.1m
up €1.1m (+77.6%), from €1.4m to €2.5m
- Financial income +€74,842
up €74,842 (+337%), from €22,212 to €97,054
- Gross operating margin -€59,370
down €59,370 (-4.2%), from €1.4m to €1.4m
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.
Derived cash bridge
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 | €1,785,382 | €2,881,081 | +€1.1m | +61.4% |
| Fixed assets | 21/28 | €3,564 | €4,986 | +€1,422 | +39.9% |
| Tangible fixed assets | 22/27 | €1,564 | €986 | -€578 | -36.9% |
| Furniture and vehicles | 24 | €1,564 | €986 | -€578 | -36.9% |
| Financial fixed assets | 28 | €2,000 | €4,000 | +€2,000 | +100% |
| Current assets | 29/58 | €1,781,818 | €2,876,095 | +€1.1m | +61.4% |
| Amounts receivable within one year | 40/41 | €159,000 | €1,150,146 | +€991,146 | +623% |
| Trade receivables | 40 | €159,000 | - | -€159,000 | |
| Other amounts receivable | 41 | - | €1,150,146 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €1,581,284 | €1,699,343 | +€118,059 | +7.5% |
| Deferred charges and accrued income | 490/1 | €41,534 | €26,606 | -€14,928 | -35.9% |
| Total equity and liabilities | 10/49 | €1,785,382 | €2,881,081 | +€1.1m | +61.4% |
| Equity | 10/15 | €1,404,160 | €2,491,641 | +€1.1m | +77.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,402,160 | €2,489,641 | +€1.1m | +77.6% |
| Amounts payable | 17/49 | €381,222 | €389,440 | +€8,218 | +2.2% |
| Amounts payable within one year | 42/48 | €381,222 | €387,282 | +€6,059 | +1.6% |
| Trade debts | 44 | €6,238 | €902 | -€5,336 | -85.5% |
| Suppliers | 440/4 | €6,238 | €902 | -€5,336 | -85.5% |
| Taxes, remuneration and social security | 45 | €372,092 | €386,380 | +€14,288 | +3.8% |
| Taxes | 450/3 | €372,092 | €386,380 | +€14,288 | +3.8% |
| Other amounts payable | 47/48 | €2,892 | - | -€2,892 | |
| Accrued charges and deferred income | 492/3 | - | €2,159 | +€2,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €578 | +€408 | +241% |
| Other operating charges | 640/8 | €9,402 | €12,091 | +€2,689 | +28.6% |
| Gross operating margin | 9900 | €1,430,109 | €1,370,739 | -€59,370 | -4.2% |
| Operating profit (loss) | 9901 | €1,420,538 | €1,358,070 | -€62,467 | -4.4% |
| Financial income | 75/76B | €22,212 | €97,054 | +€74,842 | +337% |
| Recurring financial income | 75 | €22,212 | €97,054 | +€74,842 | +337% |
| Financial charges | 65/66B | €2,057 | €3,455 | +€1,398 | +67.9% |
| Recurring financial charges | 65 | €2,057 | €3,455 | +€1,398 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €1,440,693 | €1,451,670 | +€10,977 | +0.8% |
| Income taxes | 67/77 | €362,029 | €364,189 | +€2,159 | +0.6% |
| Profit (loss) for the period | 9904 | €1,078,663 | €1,087,481 | +€8,818 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,078,663 | €1,087,481 | +€8,818 | +0.8% |
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 16 October 2026 via checked.be.