JIFAM: 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.
What changed
JIFAM
NACE 46.496, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,636
2024 · -€18,276+€21,912
Equity
€212,405
2024 · €208,769+€3,636
Cash
€38,031
2024 · €43,204-€5,173
Balance sheet total
€617,334
2024 · €642,742-€25,408
Largest movements
Assets
- Tangible fixed assets -€24,423
down €24,423 (-4.8%), from €507,600 to €483,177
of which Land and buildings: -€20,603
Equity and liabilities
- Debts after one year -€31,549
down €31,549 (-26.7%), from €118,131 to €86,583
Income statement
- Depreciation -€21,347
down €21,347 (-35.8%), from €59,648 to €38,301
- Financial charges -€757
down €757 (-22.5%), from €3,358 to €2,601
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.
Result 2024
-€18,276
Gross operating margin
-€77
Depreciation
+€21,347
Other operating charges
-€114
Financial charges
+€757
Result 2025
€3,636
Cash bridge derived
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.
From operations
+€39,800
Investment
-€13,878
Financing
-€31,095
Cash 2024
€43,204
From operations (derived)
+€39,800
Net result for the year
+€3,636
Depreciation
+€38,301
Receivables within one year
-€2,445
Deferred charges and accrued income
-€1,743
Trade debts
-€81
Tax, wage and social debts
+€5,500
Other debts
-€3,868
Accrued charges and deferred income
+€500
Investment (derived)
-€13,878
Investment in fixed assets (net)
-€13,878
Financing
-€31,095
Debts after one year
-€31,549
Short-term financial debts
+€454
Cash 2025
€38,031
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,742 | €617,334 | -€25,408 | -4.0% |
| Fixed assets | 21/28 | €587,706 | €563,282 | -€24,423 | -4.2% |
| Tangible fixed assets | 22/27 | €507,600 | €483,177 | -€24,423 | -4.8% |
| Land and buildings | 22 | €296,590 | €275,988 | -€20,603 | -6.9% |
| Furniture and vehicles | 24 | €12,159 | €8,338 | -€3,821 | -31.4% |
| Assets under construction and advance payments | 27 | €198,851 | €198,851 | = | 0.0% |
| Financial fixed assets | 28 | €80,105 | €80,105 | = | 0.0% |
| Current assets | 29/58 | €55,036 | €54,052 | -€984 | -1.8% |
| Amounts receivable within one year | 40/41 | €10,799 | €13,245 | +€2,445 | +22.6% |
| Trade receivables | 40 | €2,400 | €4,780 | +€2,380 | +99.1% |
| Other amounts receivable | 41 | €8,399 | €8,465 | +€66 | +0.8% |
| Cash at bank and in hand | 54/58 | €43,204 | €38,031 | -€5,173 | -12.0% |
| Deferred charges and accrued income | 490/1 | €1,033 | €2,776 | +€1,743 | +168.7% |
| Total equity and liabilities | 10/49 | €642,742 | €617,334 | -€25,408 | -4.0% |
| Equity | 10/15 | €208,769 | €212,405 | +€3,636 | +1.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €106,589 | €106,953 | +€364 | +0.3% |
| Non-distributable reserves | 130/1 | €4,350 | €4,714 | +€364 | +8.4% |
| Legal reserve | 130 | €4,350 | €4,714 | +€364 | +8.4% |
| Tax-exempt reserves | 132 | €102,239 | €102,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,206 | €43,478 | +€3,272 | +8.1% |
| Provisions and deferred taxes | 16 | €52,645 | €52,645 | = | 0.0% |
| Deferred taxes | 168 | €52,645 | €52,645 | = | 0.0% |
| Amounts payable | 17/49 | €381,328 | €352,284 | -€29,044 | -7.6% |
| Amounts payable after more than one year | 17 | €118,131 | €86,583 | -€31,549 | -26.7% |
| Financial debts | 170/4 | €118,131 | €86,583 | -€31,549 | -26.7% |
| Amounts payable within one year | 42/48 | €263,197 | €265,202 | +€2,005 | +0.8% |
| Financial debts | 43 | €31,095 | €31,549 | +€454 | +1.5% |
| Credit institutions | 430/8 | €31,095 | €31,549 | +€454 | +1.5% |
| Trade debts | 44 | €511 | €430 | -€81 | -15.8% |
| Suppliers | 440/4 | €511 | €430 | -€81 | -15.8% |
| Taxes, remuneration and social security | 45 | €108,262 | €113,762 | +€5,500 | +5.1% |
| Remuneration and social security | 454/9 | €108,262 | €113,762 | +€5,500 | +5.1% |
| Other amounts payable | 47/48 | €123,328 | €119,460 | -€3,868 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,648 | €38,301 | -€21,347 | -35.8% |
| Other operating charges | 640/8 | €4,104 | €4,218 | +€114 | +2.8% |
| Gross operating margin | 9900 | €48,834 | €48,757 | -€77 | -0.2% |
| Operating profit (loss) | 9901 | -€14,918 | €6,237 | +€21,155 | |
| Financial charges | 65/66B | €3,358 | €2,601 | -€757 | -22.5% |
| Recurring financial charges | 65 | €3,358 | €2,601 | -€757 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,276 | €3,636 | +€21,912 | |
| Profit (loss) for the period | 9904 | -€18,276 | €3,636 | +€21,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,276 | €3,636 | +€21,912 |
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 10 October 2026 via checked.be.