JFLS: 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.
JFLS
Largest movements
- Cash +€37,313
up €37,313 (+145%), from €25,691 to €63,004
mainly Other debts (+€79,897) and Depreciation (+€49,757)
- Receivables within one year +€33,062
up €33,062 (+40.1%), from €82,506 to €115,567
of which Other amounts receivable: +€18,560
- Tangible fixed assets -€26,710
down €26,710 (-2.6%), from €1.0m to €997,715
of which Land and buildings: -€41,471
- Other debts +€79,897
up €79,897 (+21.1%), from €378,578 to €458,476
- Debts after one year -€49,185
down €49,185 (-12.5%), from €392,971 to €343,786
of which Financial debts: -€49,185
- Trade debts +€26,179
up €26,179 (+113%), from €23,176 to €49,356
- Accrued charges and deferred income -€20,039
no longer reported in 2025 (was €20,039)
- Gross operating margin -€32,017
down €32,017 (-30.8%), from €104,062 to €72,045
- Financial charges -€20,537
down €20,537 (-64.8%), from €31,690 to €11,153
- Depreciation +€3,967
up €3,967 (+8.7%), from €45,790 to €49,757
- Taxes -€1,807
down €1,807 (-65.3%), from €2,765 to €959
- Write-downs +€1,522
no longer reported in 2025 (was -€1,522)
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 | €1,144,439 | €1,185,630 | +€41,191 | +3.6% |
| Fixed assets | 21/28 | €1,024,424 | €997,715 | -€26,710 | -2.6% |
| Tangible fixed assets | 22/27 | €1,024,424 | €997,715 | -€26,710 | -2.6% |
| Land and buildings | 22 | €1,012,865 | €971,394 | -€41,471 | -4.1% |
| Furniture and vehicles | 24 | €7,097 | €21,858 | +€14,761 | +208% |
| Other tangible fixed assets | 26 | €4,463 | €4,463 | = | 0.0% |
| Current assets | 29/58 | €120,015 | €187,915 | +€67,900 | +56.6% |
| Amounts receivable within one year | 40/41 | €82,506 | €115,567 | +€33,062 | +40.1% |
| Trade receivables | 40 | €81,066 | €95,567 | +€14,502 | +17.9% |
| Other amounts receivable | 41 | €1,440 | €20,000 | +€18,560 | +1,289% |
| Cash at bank and in hand | 54/58 | €25,691 | €63,004 | +€37,313 | +145% |
| Deferred charges and accrued income | 490/1 | €11,818 | €9,343 | -€2,474 | -20.9% |
| Total equity and liabilities | 10/49 | €1,144,439 | €1,185,630 | +€41,191 | +3.6% |
| Equity | 10/15 | €218,505 | €222,906 | +€4,401 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €157,179 | €161,580 | +€4,401 | +2.8% |
| Tax-exempt reserves | 132 | €110,839 | €105,655 | -€5,185 | -4.7% |
| Distributable reserves | 133 | €46,340 | €55,926 | +€9,586 | +20.7% |
| Profit (loss) carried forward | 14 | €41,326 | €41,326 | = | 0.0% |
| Provisions and deferred taxes | 16 | €57,074 | €54,404 | -€2,670 | -4.7% |
| Deferred taxes | 168 | €57,074 | €54,404 | -€2,670 | -4.7% |
| Amounts payable | 17/49 | €868,860 | €908,320 | +€39,460 | +4.5% |
| Amounts payable after more than one year | 17 | €392,971 | €343,786 | -€49,185 | -12.5% |
| Financial debts | 170/4 | €380,971 | €331,786 | -€49,185 | -12.9% |
| Other amounts payable | 178/9 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €455,851 | €564,534 | +€108,683 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €49,216 | €50,637 | +€1,421 | +2.9% |
| Trade debts | 44 | €23,176 | €49,356 | +€26,179 | +113% |
| Suppliers | 440/4 | €23,176 | €49,356 | +€26,179 | +113% |
| Taxes, remuneration and social security | 45 | €4,880 | €6,066 | +€1,186 | +24.3% |
| Taxes | 450/3 | €4,880 | €6,066 | +€1,186 | +24.3% |
| Other amounts payable | 47/48 | €378,578 | €458,476 | +€79,897 | +21.1% |
| Accrued charges and deferred income | 492/3 | €20,039 | - | -€20,039 | |
| Non-recurring operating income | 76A | €6,349 | - | -€6,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,790 | €49,757 | +€3,967 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,522 | - | +€1,522 | |
| Other operating charges | 640/8 | €8,247 | €8,446 | +€199 | +2.4% |
| Non-recurring operating charges | 66A | €2,117 | - | -€2,117 | |
| Gross operating margin | 9900 | €104,062 | €72,045 | -€32,017 | -30.8% |
| Operating profit (loss) | 9901 | €49,431 | €13,842 | -€35,588 | -72.0% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €31,690 | €11,153 | -€20,537 | -64.8% |
| Recurring financial charges | 65 | €31,690 | €11,153 | -€20,537 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €17,752 | €2,690 | -€15,063 | -84.8% |
| Transfer from deferred taxes | 780 | €2,670 | €2,670 | = | 0.0% |
| Income taxes | 67/77 | €2,765 | €959 | -€1,807 | -65.3% |
| Profit (loss) for the period | 9904 | €17,657 | €4,401 | -€13,256 | -75.1% |
| Transfer from tax-exempt reserves | 789 | €5,185 | €5,185 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,842 | €9,586 | -€13,256 | -58.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.