JOFI: 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.
JOFI
Largest movements
- Tangible fixed assets -€10,660
down €10,660 (-2.2%), from €495,454 to €484,794
of which Land and buildings: -€13,644
- Debts after one year -€29,700
down €29,700 (-81.6%), from €36,386 to €6,687
of which Financial debts: -€29,700
- Other debts +€21,844
up €21,844 (+14.7%), from €148,442 to €170,286
- Reserves -€10,272
down €10,272 (-4.1%), from €250,718 to €240,445
of which Distributable reserves: -€10,272
- Short-term financial debts +€6,250
up €6,250 (+109%), from €5,750 to €12,000
- Depreciation -€20,256
down €20,256 (-59.6%), from €33,975 to €13,720
- Gross operating margin +€13,727
up €13,727 (+23.0%), from €59,581 to €73,308
- Taxes +€9,481
up €9,481 (+204%), from €4,642 to €14,123
- Other operating charges +€1,308
up €1,308 (+12.0%), from €10,856 to €12,164
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.
Derived cash bridge
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 | €509,944 | €500,800 | -€9,145 | -1.8% |
| Fixed assets | 21/28 | €495,454 | €484,794 | -€10,660 | -2.2% |
| Tangible fixed assets | 22/27 | €495,454 | €484,794 | -€10,660 | -2.2% |
| Land and buildings | 22 | €495,454 | €481,810 | -€13,644 | -2.8% |
| Plant, machinery and equipment | 23 | - | €2,984 | +€2,984 | |
| Current assets | 29/58 | €14,490 | €16,005 | +€1,515 | +10.5% |
| Amounts receivable within one year | 40/41 | €1,108 | €1,084 | -€24 | -2.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,108 | €1,084 | -€24 | -2.2% |
| Current investments | 50/53 | €13,122 | €13,122 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €260 | €878 | +€618 | +238% |
| Deferred charges and accrued income | 490/1 | - | €921 | +€921 | |
| Total equity and liabilities | 10/49 | €509,944 | €500,800 | -€9,145 | -1.8% |
| Equity | 10/15 | €315,718 | €305,445 | -€10,272 | -3.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €250,718 | €240,445 | -€10,272 | -4.1% |
| Non-distributable reserves | 130/1 | €417 | €417 | = | 0.0% |
| Reserves not available under the articles | 1311 | €417 | €417 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,423 | €1,423 | = | 0.0% |
| Distributable reserves | 133 | €248,879 | €238,606 | -€10,272 | -4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €194,227 | €195,354 | +€1,128 | +0.6% |
| Amounts payable after more than one year | 17 | €36,386 | €6,687 | -€29,700 | -81.6% |
| Financial debts | 170/4 | €36,386 | €6,687 | -€29,700 | -81.6% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €157,840 | €188,668 | +€30,827 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,239 | +€3,239 | |
| Financial debts | 43 | €5,750 | €12,000 | +€6,250 | +109% |
| Other loans | 439 | €5,750 | €12,000 | +€6,250 | +109% |
| Trade debts | 44 | €2,995 | €1,019 | -€1,976 | -66.0% |
| Suppliers | 440/4 | €2,995 | €1,019 | -€1,976 | -66.0% |
| Taxes, remuneration and social security | 45 | €653 | €2,123 | +€1,470 | +225% |
| Taxes | 450/3 | €653 | €2,123 | +€1,470 | +225% |
| Other amounts payable | 47/48 | €148,442 | €170,286 | +€21,844 | +14.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,063 | +€11,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,975 | €13,720 | -€20,256 | -59.6% |
| Other operating charges | 640/8 | €10,856 | €12,164 | +€1,308 | +12.0% |
| Gross operating margin | 9900 | €59,581 | €73,308 | +€13,727 | +23.0% |
| Operating profit (loss) | 9901 | €14,749 | €47,425 | +€32,676 | +222% |
| Financial income | 75/76B | €0 | €4 | +€4 | +21,300% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +21,300% |
| Financial charges | 65/66B | €1,110 | €638 | -€472 | -42.5% |
| Recurring financial charges | 65 | €1,110 | €638 | -€472 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €13,639 | €46,791 | +€33,152 | +243% |
| Income taxes | 67/77 | €4,642 | €14,123 | +€9,481 | +204% |
| Profit (loss) for the period | 9904 | €8,997 | €32,668 | +€23,671 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €8,997 | €32,668 | +€23,671 | +263% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.