JOFRIMO: 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.
JOFRIMO
Largest movements
- Tangible fixed assets +€165,594
up €165,594 (+81.7%), from €202,732 to €368,326
- Cash -€26,242
down €26,242 (-87.6%), from €29,949 to €3,706
mainly Investment in fixed assets (net) (-€192,129) and Net result for the year (-€35,592)
- Receivables within one year +€12,579
up €12,579 (+298%), from €4,218 to €16,798
- Debts after one year +€169,075
new in 2025: €169,075
- Reserves -€35,592
down €35,592 (-27.7%), from €128,460 to €92,869
of which Distributable reserves: -€35,592
- Current portion of long-term debt +€13,680
new in 2025: €13,680
- Gross operating margin -€27,832
down €27,832, from €26,955 to -€877
- Depreciation +€14,527
up €14,527 (+121%), from €12,008 to €26,535
- Financial charges +€4,629
new in 2025: €4,629
- Taxes -€3,202
no longer reported in 2025 (was €3,202)
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 | €239,432 | €391,363 | +€151,931 | +63.5% |
| Fixed assets | 21/28 | €202,732 | €368,326 | +€165,594 | +81.7% |
| Tangible fixed assets | 22/27 | €202,732 | €368,326 | +€165,594 | +81.7% |
| Land and buildings | 22 | €202,732 | €368,326 | +€165,594 | +81.7% |
| Current assets | 29/58 | €36,700 | €23,037 | -€13,663 | -37.2% |
| Amounts receivable within one year | 40/41 | €4,218 | €16,798 | +€12,579 | +298% |
| Trade receivables | 40 | €4,218 | €16,798 | +€12,579 | +298% |
| Cash at bank and in hand | 54/58 | €29,949 | €3,706 | -€26,242 | -87.6% |
| Deferred charges and accrued income | 490/1 | €2,533 | €2,533 | = | 0.0% |
| Total equity and liabilities | 10/49 | €239,432 | €391,363 | +€151,931 | +63.5% |
| Equity | 10/15 | €190,460 | €154,869 | -€35,592 | -18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €128,460 | €92,869 | -€35,592 | -27.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €122,260 | €86,669 | -€35,592 | -29.1% |
| Amounts payable | 17/49 | €48,972 | €236,494 | +€187,522 | +383% |
| Amounts payable after more than one year | 17 | - | €169,075 | +€169,075 | |
| Financial debts | 170/4 | - | €169,075 | +€169,075 | |
| Amounts payable within one year | 42/48 | €47,965 | €66,412 | +€18,448 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,680 | +€13,680 | |
| Financial debts | 43 | - | €2,496 | +€2,496 | |
| Credit institutions | 430/8 | - | €2,496 | +€2,496 | |
| Trade debts | 44 | €919 | €3,607 | +€2,688 | +293% |
| Suppliers | 440/4 | €919 | €3,607 | +€2,688 | +293% |
| Advances received on contracts in progress | 46 | €3,630 | €3,630 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,397 | €6,980 | -€416 | -5.6% |
| Taxes | 450/3 | €7,397 | €6,980 | -€416 | -5.6% |
| Other amounts payable | 47/48 | €36,019 | €36,019 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,007 | €1,007 | = | 0.0% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,008 | €26,535 | +€14,527 | +121% |
| Other operating charges | 640/8 | €3,393 | €3,551 | +€158 | +4.7% |
| Gross operating margin | 9900 | €26,955 | -€877 | -€27,832 | |
| Operating profit (loss) | 9901 | €11,554 | -€30,963 | -€42,517 | |
| Financial charges | 65/66B | - | €4,629 | +€4,629 | |
| Recurring financial charges | 65 | - | €4,629 | +€4,629 | |
| Profit (loss) for the period before taxes | 9903 | €11,554 | -€35,592 | -€47,146 | |
| Income taxes | 67/77 | €3,202 | - | -€3,202 | |
| Profit (loss) for the period | 9904 | €8,352 | -€35,592 | -€43,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,352 | -€35,592 | -€43,943 |
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 19 October 2026 via checked.be.