JOFRAS: 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.
JOFRAS
Largest movements
- Cash +€62,131
up €62,131 (+136%), from €45,543 to €107,674
mainly Depreciation (+€53,485) and Stocks and contracts (+€38,133)
- Stocks and contracts -€38,133
down €38,133 (-10.7%), from €356,855 to €318,722
- Tangible fixed assets +€24,554
up €24,554 (+6.0%), from €409,457 to €434,010
of which Furniture and vehicles: +€13,486
- Receivables within one year -€12,025
down €12,025 (-29.2%), from €41,204 to €29,179
of which Trade receivables: -€9,040
- Trade debts -€24,132
down €24,132 (-20.8%), from €116,166 to €92,034
- Debts after one year +€23,508
up €23,508 (+8.7%), from €270,337 to €293,846
of which Financial debts: +€23,508
- Reserves +€15,000
up €15,000 (+10.3%), from €145,171 to €160,171
- Other debts +€12,537
up €12,537 (+6.8%), from €183,405 to €195,942
- Turnover +€99,280
up €99,280 (+19.6%), from €506,610 to €605,890
- Purchases and services +€60,450
up €60,450 (+12.9%), from €470,115 to €530,565
- Gross operating margin +€39,926
up €39,926 (+38.5%), from €103,663 to €143,589
- Financial charges +€11,904
up €11,904 (+114%), from €10,413 to €22,318
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 | €915,702 | €958,677 | +€42,975 | +4.7% |
| Fixed assets | 21/28 | €469,823 | €500,287 | +€30,464 | +6.5% |
| Tangible fixed assets | 22/27 | €409,457 | €434,010 | +€24,554 | +6.0% |
| Land and buildings | 22 | €97,555 | €97,555 | = | 0.0% |
| Plant, machinery and equipment | 23 | €310,113 | €321,181 | +€11,067 | +3.6% |
| Furniture and vehicles | 24 | €1,789 | €15,275 | +€13,486 | +754% |
| Financial fixed assets | 28 | €60,366 | €66,277 | +€5,910 | +9.8% |
| Current assets | 29/58 | €445,879 | €458,390 | +€12,511 | +2.8% |
| Stocks and contracts in progress | 3 | €356,855 | €318,722 | -€38,133 | -10.7% |
| Stocks | 30/36 | €356,855 | €318,722 | -€38,133 | -10.7% |
| Amounts receivable within one year | 40/41 | €41,204 | €29,179 | -€12,025 | -29.2% |
| Trade receivables | 40 | €37,828 | €28,788 | -€9,040 | -23.9% |
| Other amounts receivable | 41 | €3,376 | €391 | -€2,985 | -88.4% |
| Cash at bank and in hand | 54/58 | €45,543 | €107,674 | +€62,131 | +136% |
| Deferred charges and accrued income | 490/1 | €2,276 | €2,815 | +€538 | +23.6% |
| Total equity and liabilities | 10/49 | €915,702 | €958,677 | +€42,975 | +4.7% |
| Equity | 10/15 | €243,814 | €263,451 | +€19,638 | +8.1% |
| Contributions | 10/11 | €84,705 | €84,705 | = | 0.0% |
| Reserves | 13 | €145,171 | €160,171 | +€15,000 | +10.3% |
| Distributable reserves | 133 | €145,171 | €160,171 | +€15,000 | +10.3% |
| Profit (loss) carried forward | 14 | €13,938 | €18,576 | +€4,638 | +33.3% |
| Amounts payable | 17/49 | €671,888 | €695,225 | +€23,337 | +3.5% |
| Amounts payable after more than one year | 17 | €270,337 | €293,846 | +€23,508 | +8.7% |
| Financial debts | 170/4 | €200,337 | €223,846 | +€23,508 | +11.7% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €401,551 | €401,379 | -€171 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €43,680 | €49,992 | +€6,312 | +14.4% |
| Financial debts | 43 | €36,466 | €35,000 | -€1,466 | -4.0% |
| Credit institutions | 430/8 | €36,466 | €35,000 | -€1,466 | -4.0% |
| Trade debts | 44 | €116,166 | €92,034 | -€24,132 | -20.8% |
| Suppliers | 440/4 | €116,166 | €92,034 | -€24,132 | -20.8% |
| Taxes, remuneration and social security | 45 | €21,833 | €28,412 | +€6,579 | +30.1% |
| Taxes | 450/3 | €3,274 | €16,813 | +€13,540 | +414% |
| Remuneration and social security | 454/9 | €18,560 | €11,599 | -€6,961 | -37.5% |
| Other amounts payable | 47/48 | €183,405 | €195,942 | +€12,537 | +6.8% |
| Turnover | 70 | €506,610 | €605,890 | +€99,280 | +19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €470,115 | €530,565 | +€60,450 | +12.9% |
| Remuneration, social security and pensions | 62 | €35,692 | €38,498 | +€2,806 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,181 | €53,485 | +€4,304 | +8.8% |
| Other operating charges | 640/8 | €3,287 | €3,187 | -€100 | -3.0% |
| Gross operating margin | 9900 | €103,663 | €143,589 | +€39,926 | +38.5% |
| Operating profit (loss) | 9901 | €15,502 | €48,418 | +€32,916 | +212% |
| Financial income | 75/76B | €133 | €39 | -€94 | -70.9% |
| Recurring financial income | 75 | €133 | €39 | -€94 | -70.9% |
| Financial charges | 65/66B | €10,413 | €22,318 | +€11,904 | +114% |
| Recurring financial charges | 65 | €10,413 | €22,318 | +€11,904 | +114% |
| Profit (loss) for the period before taxes | 9903 | €5,222 | €26,139 | +€20,917 | +401% |
| Income taxes | 67/77 | €1,922 | €6,502 | +€4,580 | +238% |
| Profit (loss) for the period | 9904 | €3,300 | €19,638 | +€16,337 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €3,300 | €19,638 | +€16,337 | +495% |
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 13 October 2026 via checked.be.