JOFIN: 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.
JOFIN
Largest movements
- Cash +€125,820
up €125,820 (+776%), from €16,219 to €142,039
mainly Debts after one year (+€78,330) and Net result for the year (+€66,956)
- Current investments +€52,993
up €52,993 (+34.8%), from €152,211 to €205,204
- Tangible fixed assets -€16,926
down €16,926 (-6.7%), from €252,274 to €235,348
of which Furniture and vehicles: -€11,983
- Debts after one year +€78,330
up €78,330 (+65.5%), from €119,512 to €197,842
- Reserves +€66,956
up €66,956 (+14.0%), from €477,052 to €544,008
- Current portion of long-term debt +€15,812
up €15,812 (+51.4%), from €30,748 to €46,560
- Financial income -€346,231
down €346,231 (-85.4%), from €405,232 to €59,000
of which Financial income: -€253,830
- Gross operating margin -€9,599
down €9,599 (-18.8%), from €51,034 to €41,436
- Depreciation -€8,441
down €8,441 (-33.3%), from €25,367 to €16,926
- Taxes +€1,287
up €1,287 (+19.2%), from €6,709 to €7,996
- Other operating charges +€1,212
up €1,212 (+335%), from €361 to €1,573
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €645,819 | €801,105 | +€155,286 | +24.0% |
| Fixed assets | 21/28 | €441,616 | €424,790 | -€16,826 | -3.8% |
| Tangible fixed assets | 22/27 | €252,274 | €235,348 | -€16,926 | -6.7% |
| Land and buildings | 22 | €230,723 | €225,780 | -€4,943 | -2.1% |
| Furniture and vehicles | 24 | €21,551 | €9,568 | -€11,983 | -55.6% |
| Financial fixed assets | 28 | €189,342 | €189,442 | +€100 | +0.1% |
| Current assets | 29/58 | €204,202 | €376,314 | +€172,112 | +84.3% |
| Amounts receivable after more than one year | 29 | €18,260 | €13,280 | -€4,980 | -27.3% |
| Other amounts receivable | 291 | €18,260 | €13,280 | -€4,980 | -27.3% |
| Amounts receivable within one year | 40/41 | €13,152 | €13,117 | -€36 | -0.3% |
| Trade receivables | 40 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,152 | €5,117 | -€36 | -0.7% |
| Current investments | 50/53 | €152,211 | €205,204 | +€52,993 | +34.8% |
| Cash at bank and in hand | 54/58 | €16,219 | €142,039 | +€125,820 | +776% |
| Deferred charges and accrued income | 490/1 | €4,361 | €2,675 | -€1,686 | -38.7% |
| Total equity and liabilities | 10/49 | €645,819 | €801,105 | +€155,286 | +24.0% |
| Equity | 10/15 | €480,052 | €547,008 | +€66,956 | +13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €477,052 | €544,008 | +€66,956 | +14.0% |
| Distributable reserves | 133 | €477,052 | €544,008 | +€66,956 | +14.0% |
| Amounts payable | 17/49 | €165,767 | €254,096 | +€88,330 | +53.3% |
| Amounts payable after more than one year | 17 | €119,512 | €197,842 | +€78,330 | +65.5% |
| Financial debts | 170/4 | €119,512 | €197,842 | +€78,330 | +65.5% |
| Amounts payable within one year | 42/48 | €46,254 | €56,254 | +€10,000 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €30,748 | €46,560 | +€15,812 | +51.4% |
| Financial debts | 43 | €7,260 | €0 | -€7,260 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €7,260 | €0 | -€7,260 | -100% |
| Trade debts | 44 | €1,266 | €2,496 | +€1,230 | +97.1% |
| Suppliers | 440/4 | €1,266 | €2,496 | +€1,230 | +97.1% |
| Taxes, remuneration and social security | 45 | €6,980 | €7,198 | +€219 | +3.1% |
| Taxes | 450/3 | €5,480 | €5,478 | -€2 | 0.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,720 | +€220 | +14.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,367 | €16,926 | -€8,441 | -33.3% |
| Other operating charges | 640/8 | €361 | €1,573 | +€1,212 | +335% |
| Gross operating margin | 9900 | €51,034 | €41,436 | -€9,599 | -18.8% |
| Operating profit (loss) | 9901 | €25,306 | €22,936 | -€2,369 | -9.4% |
| Financial income | 75/76B | €405,232 | €59,000 | -€346,231 | -85.4% |
| Recurring financial income | 75 | €312,831 | €59,000 | -€253,830 | -81.1% |
| Non-recurring financial income | 76B | €92,401 | €0 | -€92,401 | -100% |
| Financial charges | 65/66B | €6,288 | €6,985 | +€697 | +11.1% |
| Recurring financial charges | 65 | €6,288 | €6,985 | +€697 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €424,250 | €74,952 | -€349,298 | -82.3% |
| Income taxes | 67/77 | €6,709 | €7,996 | +€1,287 | +19.2% |
| Profit (loss) for the period | 9904 | €417,541 | €66,956 | -€350,585 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €417,541 | €66,956 | -€350,585 | -84.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.