JOFA: 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.
JOFA
Largest movements
- Deferred charges and accrued income -€3,000
no longer reported in 2025 (was €3,000)
- Receivables within one year +€1,755
new in 2025: €1,755
- Profit (loss) carried forward -€20,224
down €20,224 (-11.5%), from -€175,496 to -€195,720
- Other debts +€18,965
up €18,965 (+284.0%), from €6,679 to €25,644
- Trade debts +€7,837
new in 2025: €7,837
- Debts after one year -€7,725
down €7,725 (-13.2%), from €58,726 to €51,001
- Gross operating margin -€24,884
down €24,884, from €10,565 to -€14,319
- Financial charges +€1,216
up €1,216 (+48.1%), from €2,528 to €3,745
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,883 | €107,481 | -€1,402 | -1.3% |
| Fixed assets | 21/28 | €105,883 | €105,703 | -€180 | -0.2% |
| Tangible fixed assets | 22/27 | €105,883 | €105,703 | -€180 | -0.2% |
| Land and buildings | 22 | €104,531 | €104,531 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,352 | €1,172 | -€180 | -13.3% |
| Current assets | 29/58 | €3,000 | €1,778 | -€1,222 | -40.7% |
| Amounts receivable within one year | 40/41 | - | €1,755 | +€1,755 | |
| Trade receivables | 40 | - | €1,755 | +€1,755 | |
| Cash at bank and in hand | 54/58 | - | €24 | +€24 | |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €108,883 | €107,481 | -€1,402 | -1.3% |
| Equity | 10/15 | €35,498 | €15,274 | -€20,224 | -57.0% |
| Contributions | 10/11 | €32,487 | €32,487 | = | 0.0% |
| Reserves | 13 | €178,508 | €178,508 | = | 0.0% |
| Distributable reserves | 133 | €178,508 | €178,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,496 | -€195,720 | -€20,224 | -11.5% |
| Amounts payable | 17/49 | €73,385 | €92,207 | +€18,822 | +25.6% |
| Amounts payable after more than one year | 17 | €58,726 | €51,001 | -€7,725 | -13.2% |
| Financial debts | 170/4 | €58,726 | €51,001 | -€7,725 | -13.2% |
| Amounts payable within one year | 42/48 | €14,659 | €41,206 | +€26,547 | +181.1% |
| Current portion of amounts payable after more than one year | 42 | €7,948 | €7,725 | -€223 | -2.8% |
| Financial debts | 43 | €32 | - | -€32 | |
| Credit institutions | 430/8 | €32 | - | -€32 | |
| Trade debts | 44 | - | €7,837 | +€7,837 | |
| Suppliers | 440/4 | - | €7,837 | +€7,837 | |
| Other amounts payable | 47/48 | €6,679 | €25,644 | +€18,965 | +284.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €180 | = | 0.0% |
| Other operating charges | 640/8 | €1,922 | €1,981 | +€59 | +3.1% |
| Gross operating margin | 9900 | €10,565 | -€14,319 | -€24,884 | |
| Operating profit (loss) | 9901 | €8,463 | -€16,479 | -€24,943 | |
| Financial charges | 65/66B | €2,528 | €3,745 | +€1,216 | +48.1% |
| Recurring financial charges | 65 | €2,528 | €3,745 | +€1,216 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €5,935 | -€20,224 | -€26,159 | |
| Profit (loss) for the period | 9904 | €5,935 | -€20,224 | -€26,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,935 | -€20,224 | -€26,159 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.