JFMSD: 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.
JFMSD
Largest movements
- Stocks and contracts +€7,202
up €7,202 (+26.4%), from €27,266 to €34,468
- Intangible fixed assets +€3,544
up €3,544 (+337.0%), from €1,052 to €4,595
- Cash +€1,232
new in 2022: €1,232
mainly Trade debts (+€8,750) and Net result for the year (+€4,084)
- Deferred charges and accrued income +€830
new in 2022: €830
- Tangible fixed assets -€611
no longer reported in 2022 (was €611)
- Trade debts +€8,750
new in 2022: €8,750
- Profit (loss) carried forward +€4,084
up €4,084 (+3210.1%), from €127 to €4,211
- Tax, wage and social debts -€591
down €591 (-13.5%), from €4,363 to €3,772
- Accrued charges and deferred income +€489
up €489 (+14.8%), from €3,311 to €3,800
- Gross operating margin +€2,590
up €2,590 (+48.1%), from €5,388 to €7,977
- Depreciation +€460
up €460 (+28.6%), from €1,607 to €2,067
- Other operating charges -€361
down €361 (-56.9%), from €634 to €273
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,918 | €47,586 | +€12,667 | +36.3% |
| Fixed assets | 21/28 | €6,912 | €9,845 | +€2,933 | +42.4% |
| Intangible fixed assets | 21 | €1,052 | €4,595 | +€3,544 | +337.0% |
| Tangible fixed assets | 22/27 | €611 | - | -€611 | |
| Plant, machinery and equipment | 23 | €611 | - | -€611 | |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €28,006 | €37,740 | +€9,734 | +34.8% |
| Stocks and contracts in progress | 3 | €27,266 | €34,468 | +€7,202 | +26.4% |
| Stocks | 30/36 | €27,266 | €34,468 | +€7,202 | +26.4% |
| Amounts receivable within one year | 40/41 | €740 | €1,210 | +€470 | +63.6% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €740 | - | -€740 | |
| Cash at bank and in hand | 54/58 | - | €1,232 | +€1,232 | |
| Deferred charges and accrued income | 490/1 | - | €830 | +€830 | |
| Total equity and liabilities | 10/49 | €34,918 | €47,586 | +€12,667 | +36.3% |
| Equity | 10/15 | €10,127 | €14,211 | +€4,084 | +40.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127 | €4,211 | +€4,084 | +3210.1% |
| Amounts payable | 17/49 | €24,791 | €33,374 | +€8,583 | +34.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,480 | €19,574 | +€8,094 | +70.5% |
| Financial debts | 43 | €72 | - | -€72 | |
| Credit institutions | 430/8 | €72 | - | -€72 | |
| Trade debts | 44 | - | €8,750 | +€8,750 | |
| Suppliers | 440/4 | - | €8,750 | +€8,750 | |
| Taxes, remuneration and social security | 45 | €4,363 | €3,772 | -€591 | -13.5% |
| Taxes | 450/3 | €4,363 | €3,772 | -€591 | -13.5% |
| Other amounts payable | 47/48 | €7,045 | €7,051 | +€6 | +0.1% |
| Accrued charges and deferred income | 492/3 | €3,311 | €3,800 | +€489 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €2,067 | +€460 | +28.6% |
| Other operating charges | 640/8 | €634 | €273 | -€361 | -56.9% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €5,388 | €7,977 | +€2,590 | +48.1% |
| Operating profit (loss) | 9901 | €3,147 | €5,511 | +€2,365 | +75.2% |
| Financial income | 75/76B | €56 | €41 | -€15 | -26.5% |
| Recurring financial income | 75 | €56 | €41 | -€15 | -26.5% |
| Financial charges | 65/66B | €1,406 | €1,469 | +€63 | +4.4% |
| Recurring financial charges | 65 | €1,406 | €1,469 | +€63 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €1,797 | €4,084 | +€2,287 | +127.3% |
| Profit (loss) for the period | 9904 | €1,797 | €4,084 | +€2,287 | +127.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,797 | €4,084 | +€2,287 | +127.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.