JFTL: 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.
JFTL
Largest movements
- Tangible fixed assets -€19,243
down €19,243 (-44.9%), from €42,822 to €23,579
of which Furniture and vehicles: -€14,632
- Cash +€11,204
up €11,204 (+461.9%), from €2,426 to €13,630
mainly Depreciation (+€23,482) and Tax, wage and social debts (+€22,852)
- Stocks and contracts +€9,953
up €9,953 (+6.9%), from €145,019 to €154,972
- Deferred charges and accrued income -€6,718
down €6,718 (-63.5%), from €10,578 to €3,860
- Receivables within one year -€4,419
down €4,419 (-2.2%), from €196,506 to €192,086
of which Trade receivables: -€17,706
- Debts after one year -€39,634
down €39,634 (-60.9%), from €65,127 to €25,493
- Tax, wage and social debts +€22,852
up €22,852 (+30.3%), from €75,505 to €98,357
of which Remuneration and social security: +€20,300
- Profit (loss) carried forward +€4,998
up €4,998 (+4.3%), from -€116,518 to -€111,520
- Gross operating margin +€44,987
up €44,987 (+42.9%), from €104,977 to €149,964
- Staff costs -€9,463
down €9,463 (-8.6%), from €109,527 to €100,064
- Other operating charges +€8,246
up €8,246 (+414.7%), from €1,989 to €10,235
- Depreciation -€6,078
down €6,078 (-20.6%), from €29,560 to €23,482
- Financial charges +€3,742
up €3,742 (+48.7%), from €7,677 to €11,420
of which Financial charges: +€3,742
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,220 | €389,757 | -€13,462 | -3.3% |
| Fixed assets | 21/28 | €48,691 | €25,209 | -€23,482 | -48.2% |
| Intangible fixed assets | 21 | €4,240 | €0 | -€4,240 | -100.0% |
| Tangible fixed assets | 22/27 | €42,822 | €23,579 | -€19,243 | -44.9% |
| Plant, machinery and equipment | 23 | €22,918 | €18,308 | -€4,611 | -20.1% |
| Furniture and vehicles | 24 | €19,903 | €5,272 | -€14,632 | -73.5% |
| Financial fixed assets | 28 | €1,630 | €1,630 | = | 0.0% |
| Current assets | 29/58 | €354,528 | €364,548 | +€10,020 | +2.8% |
| Stocks and contracts in progress | 3 | €145,019 | €154,972 | +€9,953 | +6.9% |
| Stocks | 30/36 | €145,019 | €154,972 | +€9,953 | +6.9% |
| Amounts receivable within one year | 40/41 | €196,506 | €192,086 | -€4,419 | -2.2% |
| Trade receivables | 40 | €165,497 | €147,791 | -€17,706 | -10.7% |
| Other amounts receivable | 41 | €31,009 | €44,296 | +€13,287 | +42.8% |
| Cash at bank and in hand | 54/58 | €2,426 | €13,630 | +€11,204 | +461.9% |
| Deferred charges and accrued income | 490/1 | €10,578 | €3,860 | -€6,718 | -63.5% |
| Total equity and liabilities | 10/49 | €403,220 | €389,757 | -€13,462 | -3.3% |
| Equity | 10/15 | -€63,058 | -€58,060 | +€4,998 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,860 | €34,860 | = | 0.0% |
| 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 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,518 | -€111,520 | +€4,998 | +4.3% |
| Amounts payable | 17/49 | €466,277 | €447,817 | -€18,461 | -4.0% |
| Amounts payable after more than one year | 17 | €65,127 | €25,493 | -€39,634 | -60.9% |
| Financial debts | 170/4 | €65,127 | €25,493 | -€39,634 | -60.9% |
| Amounts payable within one year | 42/48 | €401,150 | €422,324 | +€21,173 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €39,555 | €39,634 | +€79 | +0.2% |
| Financial debts | 43 | €9,516 | €11,107 | +€1,591 | +16.7% |
| Credit institutions | 430/8 | €9,516 | €11,107 | +€1,591 | +16.7% |
| Trade debts | 44 | €275,074 | €271,726 | -€3,348 | -1.2% |
| Suppliers | 440/4 | €275,074 | €271,726 | -€3,348 | -1.2% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €75,505 | €98,357 | +€22,852 | +30.3% |
| Taxes | 450/3 | €71,680 | €74,232 | +€2,552 | +3.6% |
| Remuneration and social security | 454/9 | €3,825 | €24,125 | +€20,300 | +530.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €109,527 | €100,064 | -€9,463 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,560 | €23,482 | -€6,078 | -20.6% |
| Other operating charges | 640/8 | €1,989 | €10,235 | +€8,246 | +414.7% |
| Gross operating margin | 9900 | €104,977 | €149,964 | +€44,987 | +42.9% |
| Operating profit (loss) | 9901 | -€36,099 | €16,183 | +€52,282 | |
| Financial income | 75/76B | €225 | €1,037 | +€812 | +361.3% |
| Recurring financial income | 75 | €225 | €1,037 | +€812 | +361.3% |
| Financial charges | 65/66B | €7,677 | €11,420 | +€3,742 | +48.7% |
| Recurring financial charges | 65 | €7,677 | €11,420 | +€3,742 | +48.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€43,551 | €5,801 | +€49,352 | |
| Income taxes | 67/77 | €678 | €803 | +€125 | +18.5% |
| Profit (loss) for the period | 9904 | -€44,229 | €4,998 | +€49,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,229 | €4,998 | +€49,227 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.