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 -€8,116
down €8,116 (-17.3%), from €46,905 to €38,789
mainly Trade debts (-€14,499) and Deferred charges and accrued income (-€2,472)
- Receivables within one year -€4,691
down €4,691 (-66.9%), from €7,013 to €2,322
of which Trade receivables: -€3,940
- Deferred charges and accrued income +€2,472
new in 2025: €2,472
- Tangible fixed assets -€1,761
down €1,761 (-37.5%), from €4,691 to €2,930
of which Plant, machinery and equipment: -€1,270
- Trade debts -€14,499
down €14,499 (-94.6%), from €15,322 to €823
- Profit (loss) carried forward +€9,552
no longer reported in 2025 (was -€9,552)
- Reserves -€6,997
down €6,997 (-17.7%), from €39,484 to €32,486
- Gross operating margin -€17,847
down €17,847 (-75.3%), from €23,694 to €5,848
- Taxes +€704
new in 2025: €704
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.
Derived cash bridge
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 | €63,853 | €51,913 | -€11,940 | -18.7% |
| Fixed assets | 21/28 | €4,691 | €2,930 | -€1,761 | -37.5% |
| Tangible fixed assets | 22/27 | €4,691 | €2,930 | -€1,761 | -37.5% |
| Plant, machinery and equipment | 23 | €3,308 | €2,038 | -€1,270 | -38.4% |
| Furniture and vehicles | 24 | €1,384 | €892 | -€491 | -35.5% |
| Current assets | 29/58 | €59,162 | €48,983 | -€10,179 | -17.2% |
| Amounts receivable after more than one year | 29 | €5,244 | €5,401 | +€157 | +3.0% |
| Other amounts receivable | 291 | €5,244 | €5,401 | +€157 | +3.0% |
| Amounts receivable within one year | 40/41 | €7,013 | €2,322 | -€4,691 | -66.9% |
| Trade receivables | 40 | €5,364 | €1,423 | -€3,940 | -73.5% |
| Other amounts receivable | 41 | €1,649 | €898 | -€751 | -45.5% |
| Cash at bank and in hand | 54/58 | €46,905 | €38,789 | -€8,116 | -17.3% |
| Deferred charges and accrued income | 490/1 | - | €2,472 | +€2,472 | |
| Total equity and liabilities | 10/49 | €63,853 | €51,913 | -€11,940 | -18.7% |
| Equity | 10/15 | €48,531 | €51,086 | +€2,555 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,484 | €32,486 | -€6,997 | -17.7% |
| Distributable reserves | 133 | €39,484 | €32,486 | -€6,997 | -17.7% |
| Profit (loss) carried forward | 14 | -€9,552 | - | +€9,552 | |
| Amounts payable | 17/49 | €15,322 | €827 | -€14,495 | -94.6% |
| Amounts payable within one year | 42/48 | €15,322 | €827 | -€14,495 | -94.6% |
| Trade debts | 44 | €15,322 | €823 | -€14,499 | -94.6% |
| Suppliers | 440/4 | €15,322 | €823 | -€14,499 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €4 | +€4 | |
| Taxes | 450/3 | - | €4 | +€4 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €1,761 | +€208 | +13.4% |
| Other operating charges | 640/8 | €949 | €1,049 | +€100 | +10.5% |
| Gross operating margin | 9900 | €23,694 | €5,848 | -€17,847 | -75.3% |
| Operating profit (loss) | 9901 | €21,192 | €3,038 | -€18,154 | -85.7% |
| Financial income | 75/76B | €393 | €282 | -€111 | -28.3% |
| Recurring financial income | 75 | €393 | €282 | -€111 | -28.3% |
| Financial charges | 65/66B | €56 | €60 | +€4 | +6.9% |
| Recurring financial charges | 65 | €56 | €60 | +€4 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €21,529 | €3,259 | -€18,270 | -84.9% |
| Income taxes | 67/77 | - | €704 | +€704 | |
| Profit (loss) for the period | 9904 | €21,529 | €2,555 | -€18,974 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,529 | €2,555 | -€18,974 | -88.1% |
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 29 October 2026 via checked.be.