JFT BAJA: 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.
JFT BAJA
Largest movements
- Receivables within one year -€10,328
down €10,328 (-73.6%), from €14,036 to €3,707
- Cash +€2,685
up €2,685 (+252%), from €1,064 to €3,749
mainly Receivables within one year (+€10,328) and Depreciation (+€2,382)
- Tangible fixed assets -€319
down €319 (-6.7%), from €4,742 to €4,423
- Tax, wage and social debts -€8,745
down €8,745 (-83.7%), from €10,444 to €1,699
of which Remuneration and social security: -€7,782
- Trade debts +€1,680
up €1,680 (+361%), from €465 to €2,145
- Reserves -€733
down €733 (-20.7%), from €3,540 to €2,807
- Gross operating margin -€2,803
down €2,803 (-42.0%), from €6,678 to €3,875
- Depreciation +€1,623
up €1,623 (+214%), from €758 to €2,382
- Taxes -€854
down €854 (-51.1%), from €1,671 to €817
- Financial charges +€540
up €540 (+2,526%), from €21 to €561
- Other operating charges +€161
up €161 (+23.5%), from €688 to €849
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 | €20,449 | €12,651 | -€7,798 | -38.1% |
| Fixed assets | 21/28 | €5,069 | €4,750 | -€319 | -6.3% |
| Tangible fixed assets | 22/27 | €4,742 | €4,423 | -€319 | -6.7% |
| Furniture and vehicles | 24 | €4,742 | €4,423 | -€319 | -6.7% |
| Financial fixed assets | 28 | €327 | €327 | = | 0.0% |
| Current assets | 29/58 | €15,380 | €7,901 | -€7,480 | -48.6% |
| Amounts receivable within one year | 40/41 | €14,036 | €3,707 | -€10,328 | -73.6% |
| Trade receivables | 40 | €14,036 | €3,707 | -€10,328 | -73.6% |
| Cash at bank and in hand | 54/58 | €1,064 | €3,749 | +€2,685 | +252% |
| Deferred charges and accrued income | 490/1 | €280 | €444 | +€164 | +58.4% |
| Total equity and liabilities | 10/49 | €20,449 | €12,651 | -€7,798 | -38.1% |
| Equity | 10/15 | €9,540 | €8,807 | -€733 | -7.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,540 | €2,807 | -€733 | -20.7% |
| Distributable reserves | 133 | €3,540 | €2,807 | -€733 | -20.7% |
| Amounts payable | 17/49 | €10,909 | €3,844 | -€7,065 | -64.8% |
| Amounts payable within one year | 42/48 | €10,909 | €3,844 | -€7,065 | -64.8% |
| Trade debts | 44 | €465 | €2,145 | +€1,680 | +361% |
| Suppliers | 440/4 | €465 | €2,145 | +€1,680 | +361% |
| Taxes, remuneration and social security | 45 | €10,444 | €1,699 | -€8,745 | -83.7% |
| Taxes | 450/3 | €2,662 | €1,699 | -€963 | -36.2% |
| Remuneration and social security | 454/9 | €7,782 | - | -€7,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €2,382 | +€1,623 | +214% |
| Other operating charges | 640/8 | €688 | €849 | +€161 | +23.5% |
| Gross operating margin | 9900 | €6,678 | €3,875 | -€2,803 | -42.0% |
| Operating profit (loss) | 9901 | €5,232 | €644 | -€4,588 | -87.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €21 | €561 | +€540 | +2,526% |
| Recurring financial charges | 65 | €21 | €561 | +€540 | +2,526% |
| Profit (loss) for the period before taxes | 9903 | €5,211 | €83 | -€5,128 | -98.4% |
| Income taxes | 67/77 | €1,671 | €817 | -€854 | -51.1% |
| Profit (loss) for the period | 9904 | €3,540 | -€733 | -€4,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,540 | -€733 | -€4,273 |
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 16 October 2026 via checked.be.