JOFRA: 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.
JOFRA
Largest movements
- Stocks and contracts +€31,776
up €31,776 (+75.2%), from €42,243 to €74,019
- Receivables within one year +€26,246
up €26,246 (+19.4%), from €135,155 to €161,401
of which Trade receivables: +€25,469
- Deferred charges and accrued income -€24,548
down €24,548 (-90.7%), from €27,063 to €2,515
- Tangible fixed assets +€21,323
up €21,323 (+25.1%), from €85,040 to €106,363
of which Land and buildings: +€23,143
- Reserves +€25,000
up €25,000 (+10.8%), from €232,220 to €257,220
of which Distributable reserves: +€25,000
- Advances received +€20,000
new in 2025: €20,000
- Trade debts +€15,181
up €15,181 (+59.6%), from €25,469 to €40,650
- Other debts -€10,705
down €10,705 (-48.6%), from €22,027 to €11,322
- Provisions +€10,000
no longer reported in 2025 (was -€10,000)
- Taxes -€4,880
down €4,880 (-36.9%), from €13,216 to €8,337
- Gross operating margin -€3,686
down €3,686 (-5.9%), from €62,233 to €58,546
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 | €319,174 | €372,951 | +€53,777 | +16.8% |
| Fixed assets | 21/28 | €86,027 | €107,350 | +€21,323 | +24.8% |
| Tangible fixed assets | 22/27 | €85,040 | €106,363 | +€21,323 | +25.1% |
| Land and buildings | 22 | €79,786 | €102,929 | +€23,143 | +29.0% |
| Plant, machinery and equipment | 23 | €1,651 | €1,388 | -€262 | -15.9% |
| Furniture and vehicles | 24 | €3,603 | €2,046 | -€1,557 | -43.2% |
| Financial fixed assets | 28 | €987 | €987 | = | 0.0% |
| Current assets | 29/58 | €233,147 | €265,601 | +€32,454 | +13.9% |
| Stocks and contracts in progress | 3 | €42,243 | €74,019 | +€31,776 | +75.2% |
| Stocks | 30/36 | €42,243 | €74,019 | +€31,776 | +75.2% |
| Amounts receivable within one year | 40/41 | €135,155 | €161,401 | +€26,246 | +19.4% |
| Trade receivables | 40 | €135,073 | €160,542 | +€25,469 | +18.9% |
| Other amounts receivable | 41 | €82 | €859 | +€777 | +948.5% |
| Cash at bank and in hand | 54/58 | €28,685 | €27,666 | -€1,020 | -3.6% |
| Deferred charges and accrued income | 490/1 | €27,063 | €2,515 | -€24,548 | -90.7% |
| Total equity and liabilities | 10/49 | €319,174 | €372,951 | +€53,777 | +16.8% |
| Equity | 10/15 | €252,477 | €278,805 | +€26,328 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €232,220 | €257,220 | +€25,000 | +10.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,361 | €15,361 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €240,000 | +€25,000 | +11.6% |
| Profit (loss) carried forward | 14 | €1,664 | €2,993 | +€1,328 | +79.8% |
| Amounts payable | 17/49 | €66,697 | €94,146 | +€27,449 | +41.2% |
| Amounts payable within one year | 42/48 | €66,697 | €94,146 | +€27,449 | +41.2% |
| Financial debts | 43 | - | €621 | +€621 | |
| Credit institutions | 430/8 | - | €621 | +€621 | |
| Trade debts | 44 | €25,469 | €40,650 | +€15,181 | +59.6% |
| Suppliers | 440/4 | €25,469 | €40,650 | +€15,181 | +59.6% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €19,201 | €21,553 | +€2,352 | +12.2% |
| Taxes | 450/3 | €19,201 | €21,553 | +€2,352 | +12.2% |
| Other amounts payable | 47/48 | €22,027 | €11,322 | -€10,705 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,307 | €14,105 | -€202 | -1.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | - | +€10,000 | |
| Other operating charges | 640/8 | €8,665 | €8,907 | +€243 | +2.8% |
| Gross operating margin | 9900 | €62,233 | €58,546 | -€3,686 | -5.9% |
| Operating profit (loss) | 9901 | €49,261 | €35,534 | -€13,727 | -27.9% |
| Financial income | 75/76B | €14 | €101 | +€87 | +614.4% |
| Recurring financial income | 75 | €14 | €101 | +€87 | +614.4% |
| Financial charges | 65/66B | €836 | €969 | +€133 | +16.0% |
| Recurring financial charges | 65 | €836 | €969 | +€133 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €48,439 | €34,665 | -€13,774 | -28.4% |
| Income taxes | 67/77 | €13,216 | €8,337 | -€4,880 | -36.9% |
| Profit (loss) for the period | 9904 | €35,223 | €26,328 | -€8,895 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,223 | €26,328 | -€8,895 | -25.3% |
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 2 October 2026 via checked.be.