JFR PROJECTS: 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.
JFR PROJECTS
Largest movements
- Receivables within one year -€22,466
down €22,466 (-31.5%), from €71,300 to €48,833
of which Trade receivables: -€22,600
- Trade debts -€16,303
down €16,303 (-45.2%), from €36,044 to €19,741
- Tax, wage and social debts -€5,043
down €5,043 (-47.3%), from €10,660 to €5,616
of which Remuneration and social security: -€5,043
- Profit (loss) carried forward -€4,404
down €4,404, from €258 to -€4,146
- Other debts +€3,812
up €3,812 (+63.3%), from €6,024 to €9,836
- Write-downs +€22,830
new in 2025: €22,830
- Taxes -€2,484
no longer reported in 2025 (was €2,484)
- Gross operating margin -€1,432
down €1,432 (-6.8%), from €20,946 to €19,514
- Other operating charges -€292
down €292 (-32.2%), from €906 to €614
- Financial income +€257
up €257 (+28,213%), from €1 to €258
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 | €73,985 | €52,048 | -€21,938 | -29.7% |
| Current assets | 29/58 | €73,985 | €52,048 | -€21,938 | -29.7% |
| Amounts receivable within one year | 40/41 | €71,300 | €48,833 | -€22,466 | -31.5% |
| Trade receivables | 40 | €66,751 | €44,151 | -€22,600 | -33.9% |
| Other amounts receivable | 41 | €4,548 | €4,682 | +€134 | +2.9% |
| Cash at bank and in hand | 54/58 | €1,305 | €1,797 | +€492 | +37.7% |
| Deferred charges and accrued income | 490/1 | €1,381 | €1,417 | +€36 | +2.6% |
| Total equity and liabilities | 10/49 | €73,985 | €52,048 | -€21,938 | -29.7% |
| Equity | 10/15 | €21,258 | €16,854 | -€4,404 | -20.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258 | -€4,146 | -€4,404 | |
| Amounts payable | 17/49 | €52,728 | €35,194 | -€17,534 | -33.3% |
| Amounts payable within one year | 42/48 | €52,728 | €35,194 | -€17,534 | -33.3% |
| Trade debts | 44 | €36,044 | €19,741 | -€16,303 | -45.2% |
| Suppliers | 440/4 | €36,044 | €19,741 | -€16,303 | -45.2% |
| Taxes, remuneration and social security | 45 | €10,660 | €5,616 | -€5,043 | -47.3% |
| Taxes | 450/3 | €2,460 | €2,460 | = | 0.0% |
| Remuneration and social security | 454/9 | €8,200 | €3,157 | -€5,043 | -61.5% |
| Other amounts payable | 47/48 | €6,024 | €9,836 | +€3,812 | +63.3% |
| Non-recurring operating income | 76A | €3,726 | €1,040 | -€2,686 | -72.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,830 | +€22,830 | |
| Other operating charges | 640/8 | €906 | €614 | -€292 | -32.2% |
| Gross operating margin | 9900 | €20,946 | €19,514 | -€1,432 | -6.8% |
| Operating profit (loss) | 9901 | €20,040 | -€3,931 | -€23,971 | |
| Financial income | 75/76B | €1 | €258 | +€257 | +28,213% |
| Recurring financial income | 75 | €1 | €258 | +€257 | +28,213% |
| Financial charges | 65/66B | €753 | €730 | -€23 | -3.0% |
| Recurring financial charges | 65 | €753 | €730 | -€23 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €19,288 | -€4,404 | -€23,692 | |
| Income taxes | 67/77 | €2,484 | - | -€2,484 | |
| Profit (loss) for the period | 9904 | €16,804 | -€4,404 | -€21,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,804 | -€4,404 | -€21,207 |
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 13 October 2026 via checked.be.