JOFIE: 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.
JOFIE
Largest movements
- Tangible fixed assets -€47,795
down €47,795 (-23.2%), from €205,951 to €158,156
of which Land and buildings: -€45,803
- Financial fixed assets -€6,944
down €6,944 (-9.3%), from €74,869 to €67,926
- Cash -€4,403
no longer reported in 2025 (was €4,403)
mainly Debts after one year (-€44,928) and Net result for the year (-€18,213)
- Debts after one year -€44,928
down €44,928 (-19.7%), from €228,135 to €183,207
- Profit (loss) carried forward -€18,213
down €18,213 (-18.4%), from -€99,009 to -€117,222
- Tax, wage and social debts +€9,731
up €9,731 (+69.8%), from €13,939 to €23,669
of which Taxes: +€8,647
- Short-term financial debts -€8,420
down €8,420 (-34.5%), from €24,393 to €15,973
- Other debts +€5,570
up €5,570 (+49.1%), from €11,349 to €16,919
- Staff costs +€5,785
up €5,785 (+8.0%), from €71,921 to €77,706
- Taxes -€3,775
down €3,775 (-94.6%), from €3,991 to €215
- Other operating charges +€3,770
up €3,770 (+441.7%), from €853 to €4,624
- Gross operating margin +€3,314
up €3,314 (+2.7%), from €124,038 to €127,352
- Depreciation -€1,867
down €1,867 (-3.5%), from €52,682 to €50,815
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 | €289,509 | €229,582 | -€59,927 | -20.7% |
| Fixed assets | 21/28 | €280,820 | €226,081 | -€54,739 | -19.5% |
| Tangible fixed assets | 22/27 | €205,951 | €158,156 | -€47,795 | -23.2% |
| Land and buildings | 22 | €193,841 | €148,038 | -€45,803 | -23.6% |
| Plant, machinery and equipment | 23 | €7,304 | €3,852 | -€3,451 | -47.3% |
| Furniture and vehicles | 24 | €2,806 | €4,265 | +€1,459 | +52.0% |
| Other tangible fixed assets | 26 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €74,869 | €67,926 | -€6,944 | -9.3% |
| Current assets | 29/58 | €8,689 | €3,501 | -€5,188 | -59.7% |
| Stocks and contracts in progress | 3 | €2,630 | €2,910 | +€280 | +10.6% |
| Stocks | 30/36 | €2,630 | €2,910 | +€280 | +10.6% |
| Amounts receivable within one year | 40/41 | €1,656 | €591 | -€1,065 | -64.3% |
| Trade receivables | 40 | €1,156 | €91 | -€1,065 | -92.1% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,403 | - | -€4,403 | |
| Total equity and liabilities | 10/49 | €289,509 | €229,582 | -€59,927 | -20.7% |
| Equity | 10/15 | -€36,009 | -€54,222 | -€18,213 | -50.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,009 | -€117,222 | -€18,213 | -18.4% |
| Amounts payable | 17/49 | €325,518 | €283,804 | -€41,714 | -12.8% |
| Amounts payable after more than one year | 17 | €228,135 | €183,207 | -€44,928 | -19.7% |
| Financial debts | 170/4 | €228,135 | €183,207 | -€44,928 | -19.7% |
| Amounts payable within one year | 42/48 | €97,383 | €100,597 | +€3,214 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €39,709 | €37,928 | -€1,781 | -4.5% |
| Financial debts | 43 | €24,393 | €15,973 | -€8,420 | -34.5% |
| Credit institutions | 430/8 | €24,393 | €15,973 | -€8,420 | -34.5% |
| Trade debts | 44 | €7,994 | €6,107 | -€1,886 | -23.6% |
| Suppliers | 440/4 | €7,994 | €6,107 | -€1,886 | -23.6% |
| Taxes, remuneration and social security | 45 | €13,939 | €23,669 | +€9,731 | +69.8% |
| Taxes | 450/3 | €7,975 | €16,622 | +€8,647 | +108.4% |
| Remuneration and social security | 454/9 | €5,963 | €7,047 | +€1,084 | +18.2% |
| Other amounts payable | 47/48 | €11,349 | €16,919 | +€5,570 | +49.1% |
| Non-recurring operating income | 76A | - | €13,358 | +€13,358 | |
| Remuneration, social security and pensions | 62 | €71,921 | €77,706 | +€5,785 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,682 | €50,815 | -€1,867 | -3.5% |
| Other operating charges | 640/8 | €853 | €4,624 | +€3,770 | +441.7% |
| Gross operating margin | 9900 | €124,038 | €127,352 | +€3,314 | +2.7% |
| Operating profit (loss) | 9901 | -€1,418 | -€5,792 | -€4,373 | -308.3% |
| Financial income | 75/76B | €0 | €27 | +€26 | +132400.0% |
| Recurring financial income | 75 | €0 | €27 | +€26 | +132400.0% |
| Financial charges | 65/66B | €13,317 | €12,233 | -€1,084 | -8.1% |
| Recurring financial charges | 65 | €13,317 | €12,233 | -€1,084 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,735 | -€17,998 | -€3,263 | -22.1% |
| Income taxes | 67/77 | €3,991 | €215 | -€3,775 | -94.6% |
| Profit (loss) for the period | 9904 | -€18,726 | -€18,213 | +€512 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,726 | -€18,213 | +€512 | +2.7% |
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 4 October 2026 via checked.be.