JFL Consult: 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 Consult
Largest movements
- Tangible fixed assets -€345,945
down €345,945 (-91.8%), from €376,922 to €30,977
of which Land and buildings: -€372,526
- Receivables within one year +€28,574
up €28,574 (+244%), from €11,729 to €40,303
of which Other amounts receivable: +€18,540
- Cash +€7,235
up €7,235 (+14.8%), from €48,832 to €56,067
mainly Investment in fixed assets (net) (+€343,221) and Net result for the year (+€7,187)
- Other debts -€143,087
no longer reported in 2025 (was €143,087)
- Debts after one year -€134,831
no longer reported in 2025 (was €134,831)
- Reserves -€18,374
down €18,374 (-24.4%), from €75,447 to €57,073
- Current portion of long-term debt -€16,751
no longer reported in 2025 (was €16,751)
- Other operating charges +€11,784
up €11,784 (+363%), from €3,249 to €15,033
- Depreciation -€10,697
down €10,697 (-79.7%), from €13,421 to €2,724
- Gross operating margin +€6,416
up €6,416 (+21.9%), from €29,256 to €35,672
- Financial charges +€1,525
up €1,525 (+34.4%), from €4,437 to €5,963
- Taxes +€1,325
up €1,325 (+38.5%), from €3,440 to €4,765
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 | €440,007 | €131,398 | -€308,608 | -70.1% |
| Fixed assets | 21/28 | €376,922 | €30,977 | -€345,945 | -91.8% |
| Tangible fixed assets | 22/27 | €376,922 | €30,977 | -€345,945 | -91.8% |
| Land and buildings | 22 | €372,526 | - | -€372,526 | |
| Plant, machinery and equipment | 23 | €1,250 | €460 | -€790 | -63.2% |
| Furniture and vehicles | 24 | - | €29,305 | +€29,305 | |
| Other tangible fixed assets | 26 | €3,145 | €1,211 | -€1,934 | -61.5% |
| Current assets | 29/58 | €63,085 | €100,422 | +€37,337 | +59.2% |
| Stocks and contracts in progress | 3 | €2,523 | €2,523 | = | 0.0% |
| Stocks | 30/36 | €2,523 | €2,523 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,729 | €40,303 | +€28,574 | +244% |
| Trade receivables | 40 | €9,169 | €19,203 | +€10,034 | +109% |
| Other amounts receivable | 41 | €2,560 | €21,100 | +€18,540 | +724% |
| Cash at bank and in hand | 54/58 | €48,832 | €56,067 | +€7,235 | +14.8% |
| Deferred charges and accrued income | 490/1 | - | €1,528 | +€1,528 | |
| Total equity and liabilities | 10/49 | €440,007 | €131,398 | -€308,608 | -70.1% |
| Equity | 10/15 | €100,197 | €81,823 | -€18,374 | -18.3% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €75,447 | €57,073 | -€18,374 | -24.4% |
| Distributable reserves | 133 | €75,447 | €57,073 | -€18,374 | -24.4% |
| Amounts payable | 17/49 | €339,810 | €49,576 | -€290,234 | -85.4% |
| Amounts payable after more than one year | 17 | €134,831 | - | -€134,831 | |
| Financial debts | 170/4 | €134,831 | - | -€134,831 | |
| Amounts payable within one year | 42/48 | €204,978 | €49,576 | -€155,403 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €16,751 | - | -€16,751 | |
| Trade debts | 44 | €42,786 | €44,851 | +€2,065 | +4.8% |
| Suppliers | 440/4 | €42,786 | €44,851 | +€2,065 | +4.8% |
| Taxes, remuneration and social security | 45 | €2,354 | €4,725 | +€2,371 | +101% |
| Taxes | 450/3 | €2,354 | €4,725 | +€2,371 | +101% |
| Other amounts payable | 47/48 | €143,087 | - | -€143,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,421 | €2,724 | -€10,697 | -79.7% |
| Other operating charges | 640/8 | €3,249 | €15,033 | +€11,784 | +363% |
| Gross operating margin | 9900 | €29,256 | €35,672 | +€6,416 | +21.9% |
| Operating profit (loss) | 9901 | €12,586 | €17,915 | +€5,329 | +42.3% |
| Financial charges | 65/66B | €4,437 | €5,963 | +€1,525 | +34.4% |
| Recurring financial charges | 65 | €4,437 | €5,963 | +€1,525 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €8,149 | €11,952 | +€3,803 | +46.7% |
| Income taxes | 67/77 | €3,440 | €4,765 | +€1,325 | +38.5% |
| Profit (loss) for the period | 9904 | €4,709 | €7,187 | +€2,478 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,709 | €7,187 | +€2,478 | +52.6% |
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 25 October 2026 via checked.be.