JOFRA: 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.
JOFRA
Largest movements
- Tangible fixed assets -€44,424
down €44,424 (-3.5%), from €1.3m to €1.2m
- Profit (loss) carried forward +€88,072
up €88,072 (+11.2%), from -€787,761 to -€699,689
- Debts after one year -€61,039
down €61,039 (-15.8%), from €386,857 to €325,818
of which Financial debts: -€61,039
- Trade debts -€38,317
down €38,317 (-78.4%), from €48,851 to €10,534
- Provisions -€37,867
down €37,867 (-100%), from €37,867 to €0
- Other debts +€29,000
up €29,000 (+5.5%), from €526,959 to €555,959
- Financial charges -€29,812
down €29,812 (-59.2%), from €50,344 to €20,532
- Provisions -€4,547
down €4,547 (-13.6%), from -€33,320 to -€37,867
- Gross operating margin +€4,449
up €4,449 (+4.8%), from €93,102 to €97,550
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 | €1,273,771 | €1,229,943 | -€43,828 | -3.4% |
| Fixed assets | 21/28 | €1,271,116 | €1,226,692 | -€44,424 | -3.5% |
| Tangible fixed assets | 22/27 | €1,269,071 | €1,224,647 | -€44,424 | -3.5% |
| Land and buildings | 22 | €1,269,071 | €1,224,647 | -€44,424 | -3.5% |
| Financial fixed assets | 28 | €2,045 | €2,045 | = | 0.0% |
| Current assets | 29/58 | €2,654 | €3,251 | +€596 | +22.5% |
| Cash at bank and in hand | 54/58 | €2,654 | €3,251 | +€596 | +22.5% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €1,273,771 | €1,229,943 | -€43,828 | -3.4% |
| Equity | 10/15 | -€42,516 | €19,610 | +€62,126 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Uncalled capital | 101 | €86,736 | €86,736 | = | 0.0% |
| Reserves | 13 | €683,245 | €657,299 | -€25,946 | -3.8% |
| Tax-exempt reserves | 132 | €683,245 | €657,299 | -€25,946 | -3.8% |
| Profit (loss) carried forward | 14 | -€787,761 | -€699,689 | +€88,072 | +11.2% |
| Provisions and deferred taxes | 16 | €37,867 | €0 | -€37,867 | -100% |
| Provisions for liabilities and charges | 160/5 | €37,867 | €0 | -€37,867 | -100% |
| Other liabilities and charges | 164/5 | €37,867 | €0 | -€37,867 | -100% |
| Amounts payable | 17/49 | €1,278,420 | €1,210,333 | -€68,087 | -5.3% |
| Amounts payable after more than one year | 17 | €386,857 | €325,818 | -€61,039 | -15.8% |
| Financial debts | 170/4 | €287,215 | €226,176 | -€61,039 | -21.3% |
| Other amounts payable | 178/9 | €99,642 | €99,642 | = | 0.0% |
| Amounts payable within one year | 42/48 | €639,641 | €627,533 | -€12,109 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €63,831 | €61,039 | -€2,792 | -4.4% |
| Trade debts | 44 | €48,851 | €10,534 | -€38,317 | -78.4% |
| Suppliers | 440/4 | €48,851 | €10,534 | -€38,317 | -78.4% |
| Other amounts payable | 47/48 | €526,959 | €555,959 | +€29,000 | +5.5% |
| Accrued charges and deferred income | 492/3 | €251,922 | €256,983 | +€5,061 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,424 | €44,424 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,320 | -€37,867 | -€4,547 | -13.6% |
| Other operating charges | 640/8 | €8,082 | €8,336 | +€254 | +3.1% |
| Gross operating margin | 9900 | €93,102 | €97,550 | +€4,449 | +4.8% |
| Operating profit (loss) | 9901 | €73,915 | €82,657 | +€8,742 | +11.8% |
| Financial charges | 65/66B | €50,344 | €20,532 | -€29,812 | -59.2% |
| Recurring financial charges | 65 | €50,344 | €20,532 | -€29,812 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €23,571 | €62,126 | +€38,555 | +164% |
| Profit (loss) for the period | 9904 | €23,571 | €62,126 | +€38,555 | +164% |
| Transfer from tax-exempt reserves | 789 | €25,946 | €25,946 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,517 | €88,072 | +€38,555 | +77.9% |
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 14 October 2026 via checked.be.