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
- Cash -€18,036
down €18,036 (-42.1%), from €42,847 to €24,811
mainly Net result for the year (-€24,148) and Investment in fixed assets (net) (-€23,062)
- Tangible fixed assets +€15,311
up €15,311 (+85.9%), from €17,815 to €33,126
of which Leasing and similar rights: +€13,392
- Receivables within one year +€8,816
up €8,816 (+31.4%), from €28,063 to €36,878
of which Trade receivables: +€8,865
- Intangible fixed assets -€3,546
down €3,546 (-17.4%), from €20,430 to €16,884
- Stocks and contracts +€2,053
up €2,053 (+13.2%), from €15,552 to €17,605
- Profit (loss) carried forward -€24,148
down €24,148 (-52.0%), from €46,466 to €22,318
- Trade debts +€15,991
up €15,991 (+34.0%), from €46,968 to €62,960
- Debts after one year +€10,062
new in 2025: €10,062
- Current portion of long-term debt +€4,548
new in 2025: €4,548
- Gross operating margin -€50,109
down €50,109 (-35.8%), from €140,121 to €90,012
- Staff costs +€9,862
up €9,862 (+13.0%), from €75,723 to €85,585
- Taxes -€8,519
down €8,519 (-99.6%), from €8,557 to €38
- Financial income +€3,730
new in 2025: €3,730
- Other operating charges +€3,378
up €3,378 (+36.1%), from €9,347 to €12,726
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 | €139,286 | €144,583 | +€5,297 | +3.8% |
| Fixed assets | 21/28 | €51,745 | €63,510 | +€11,765 | +22.7% |
| Intangible fixed assets | 21 | €20,430 | €16,884 | -€3,546 | -17.4% |
| Tangible fixed assets | 22/27 | €17,815 | €33,126 | +€15,311 | +85.9% |
| Plant, machinery and equipment | 23 | €15,794 | €11,257 | -€4,536 | -28.7% |
| Furniture and vehicles | 24 | €1,126 | €3,961 | +€2,836 | +251.9% |
| Leasing and similar rights | 25 | - | €13,392 | +€13,392 | |
| Other tangible fixed assets | 26 | €895 | €4,515 | +€3,619 | +404.3% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €87,542 | €81,073 | -€6,468 | -7.4% |
| Stocks and contracts in progress | 3 | €15,552 | €17,605 | +€2,053 | +13.2% |
| Stocks | 30/36 | €15,552 | €17,605 | +€2,053 | +13.2% |
| Amounts receivable within one year | 40/41 | €28,063 | €36,878 | +€8,816 | +31.4% |
| Trade receivables | 40 | €26,666 | €35,532 | +€8,865 | +33.2% |
| Other amounts receivable | 41 | €1,396 | €1,346 | -€50 | -3.6% |
| Cash at bank and in hand | 54/58 | €42,847 | €24,811 | -€18,036 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,779 | +€699 | +64.7% |
| Total equity and liabilities | 10/49 | €139,286 | €144,583 | +€5,297 | +3.8% |
| Equity | 10/15 | €53,466 | €29,318 | -€24,148 | -45.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,466 | €22,318 | -€24,148 | -52.0% |
| Amounts payable | 17/49 | €85,820 | €115,265 | +€29,445 | +34.3% |
| Amounts payable after more than one year | 17 | - | €10,062 | +€10,062 | |
| Financial debts | 170/4 | - | €10,062 | +€10,062 | |
| Amounts payable within one year | 42/48 | €83,542 | €104,223 | +€20,682 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,548 | +€4,548 | |
| Financial debts | 43 | €111 | €111 | = | 0.0% |
| Credit institutions | 430/8 | €111 | €111 | = | 0.0% |
| Trade debts | 44 | €46,968 | €62,960 | +€15,991 | +34.0% |
| Suppliers | 440/4 | €46,968 | €62,960 | +€15,991 | +34.0% |
| Taxes, remuneration and social security | 45 | €29,816 | €28,950 | -€867 | -2.9% |
| Taxes | 450/3 | €15,652 | €15,291 | -€361 | -2.3% |
| Remuneration and social security | 454/9 | €14,164 | €13,658 | -€506 | -3.6% |
| Other amounts payable | 47/48 | €6,646 | €7,655 | +€1,009 | +15.2% |
| Accrued charges and deferred income | 492/3 | €2,279 | €980 | -€1,299 | -57.0% |
| Remuneration, social security and pensions | 62 | €75,723 | €85,585 | +€9,862 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,143 | €11,297 | +€2,154 | +23.6% |
| Other operating charges | 640/8 | €9,347 | €12,726 | +€3,378 | +36.1% |
| Non-recurring operating charges | 66A | - | €2,970 | +€2,970 | |
| Gross operating margin | 9900 | €140,121 | €90,012 | -€50,109 | -35.8% |
| Operating profit (loss) | 9901 | €45,908 | -€22,566 | -€68,474 | |
| Financial income | 75/76B | - | €3,730 | +€3,730 | |
| Recurring financial income | 75 | - | €3,730 | +€3,730 | |
| Financial charges | 65/66B | €5,178 | €5,275 | +€97 | +1.9% |
| Recurring financial charges | 65 | €5,178 | €5,275 | +€97 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €40,729 | -€24,111 | -€64,840 | |
| Income taxes | 67/77 | €8,557 | €38 | -€8,519 | -99.6% |
| Profit (loss) for the period | 9904 | €32,173 | -€24,148 | -€56,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,173 | -€24,148 | -€56,321 |
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.