JFS TRADING: 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.
JFS TRADING
Largest movements
- Receivables within one year -€350,499
down €350,499 (-57.4%), from €610,958 to €260,459
of which Other amounts receivable: -€348,675
- Deferred charges and accrued income -€43,302
no longer reported in 2025 (was €43,302)
- Reserves -€529,462
down €529,462 (-88.6%), from €597,391 to €67,929
of which Distributable reserves: -€529,462
- Debts after one year +€129,714
up €129,714 (+99.6%), from €130,187 to €259,901
- Current portion of long-term debt +€33,604
up €33,604 (+163%), from €20,592 to €54,196
- Tax, wage and social debts -€28,780
down €28,780 (-34.1%), from €84,296 to €55,517
- Gross operating margin -€20,525
down €20,525 (-21.3%), from €96,151 to €75,626
- Financial income -€8,113
down €8,113 (-24.7%), from €32,850 to €24,737
of which Financial income: -€8,113
- Other operating charges -€1,413
down €1,413 (-44.3%), from €3,190 to €1,777
- Taxes -€1,082
down €1,082 (-5.7%), from €19,139 to €18,057
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 | €880,709 | €479,175 | -€401,534 | -45.6% |
| Fixed assets | 21/28 | €159,065 | €153,135 | -€5,931 | -3.7% |
| Tangible fixed assets | 22/27 | €157,565 | €151,635 | -€5,931 | -3.8% |
| Land and buildings | 22 | €156,911 | €151,178 | -€5,733 | -3.7% |
| Furniture and vehicles | 24 | €654 | €456 | -€198 | -30.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €721,643 | €326,041 | -€395,603 | -54.8% |
| Amounts receivable after more than one year | 29 | €58,800 | €58,800 | = | 0.0% |
| Other amounts receivable | 291 | €58,800 | €58,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €610,958 | €260,459 | -€350,499 | -57.4% |
| Trade receivables | 40 | €1,824 | - | -€1,824 | |
| Other amounts receivable | 41 | €609,134 | €260,459 | -€348,675 | -57.2% |
| Cash at bank and in hand | 54/58 | €8,583 | €6,781 | -€1,802 | -21.0% |
| Deferred charges and accrued income | 490/1 | €43,302 | - | -€43,302 | |
| Total equity and liabilities | 10/49 | €880,709 | €479,175 | -€401,534 | -45.6% |
| Equity | 10/15 | €615,991 | €86,529 | -€529,462 | -86.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €597,391 | €67,929 | -€529,462 | -88.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €595,531 | €66,069 | -€529,462 | -88.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €264,718 | €392,646 | +€127,929 | +48.3% |
| Amounts payable after more than one year | 17 | €130,187 | €259,901 | +€129,714 | +99.6% |
| Financial debts | 170/4 | €130,187 | €259,901 | +€129,714 | +99.6% |
| Amounts payable within one year | 42/48 | €133,828 | €132,745 | -€1,083 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €20,592 | €54,196 | +€33,604 | +163% |
| Trade debts | 44 | €2,133 | €913 | -€1,220 | -57.2% |
| Suppliers | 440/4 | €2,133 | €913 | -€1,220 | -57.2% |
| Taxes, remuneration and social security | 45 | €84,296 | €55,517 | -€28,780 | -34.1% |
| Taxes | 450/3 | €84,296 | €55,517 | -€28,780 | -34.1% |
| Other amounts payable | 47/48 | €26,807 | €22,120 | -€4,687 | -17.5% |
| Accrued charges and deferred income | 492/3 | €703 | - | -€703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,931 | €5,931 | = | 0.0% |
| Other operating charges | 640/8 | €3,190 | €1,777 | -€1,413 | -44.3% |
| Gross operating margin | 9900 | €96,151 | €75,626 | -€20,525 | -21.3% |
| Operating profit (loss) | 9901 | €87,029 | €67,918 | -€19,111 | -22.0% |
| Financial income | 75/76B | €32,850 | €24,737 | -€8,113 | -24.7% |
| Recurring financial income | 75 | €32,850 | €24,737 | -€8,113 | -24.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,211 | €9,060 | +€849 | +10.3% |
| Recurring financial charges | 65 | €8,211 | €9,060 | +€849 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €111,668 | €83,595 | -€28,074 | -25.1% |
| Income taxes | 67/77 | €19,139 | €18,057 | -€1,082 | -5.7% |
| Profit (loss) for the period | 9904 | €92,530 | €65,538 | -€26,992 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,530 | €65,538 | -€26,992 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.