JSF COMPANY: 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.
JSF COMPANY
Largest movements
- Tangible fixed assets +€13,155
up €13,155 (+302%), from €4,356 to €17,511
- Receivables within one year -€6,829
down €6,829 (-57.7%), from €11,829 to €5,000
of which Trade receivables: -€6,829
- Cash -€5,529
down €5,529 (-28.8%), from €19,216 to €13,686
mainly Investment in fixed assets (net) (-€19,211) and Tax, wage and social debts (-€1,463)
- Profit (loss) carried forward +€2,465
up €2,465 (+11.6%), from €21,217 to €23,682
- Tax, wage and social debts -€1,463
down €1,463 (-13.4%), from €10,883 to €9,420
- Gross operating margin -€17,258
down €17,258 (-60.3%), from €28,639 to €11,381
- Taxes -€5,119
down €5,119 (-83.0%), from €6,165 to €1,045
- Depreciation +€4,933
up €4,933 (+440%), from €1,122 to €6,056
- Other operating charges +€1,344
up €1,344 (+995%), from €135 to €1,479
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 | €35,623 | €36,626 | +€1,003 | +2.8% |
| Fixed assets | 21/28 | €4,356 | €17,511 | +€13,155 | +302% |
| Tangible fixed assets | 22/27 | €4,356 | €17,511 | +€13,155 | +302% |
| Furniture and vehicles | 24 | €4,356 | €17,511 | +€13,155 | +302% |
| Current assets | 29/58 | €31,267 | €19,114 | -€12,152 | -38.9% |
| Amounts receivable within one year | 40/41 | €11,829 | €5,000 | -€6,829 | -57.7% |
| Trade receivables | 40 | €6,829 | - | -€6,829 | |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,216 | €13,686 | -€5,529 | -28.8% |
| Deferred charges and accrued income | 490/1 | €222 | €428 | +€206 | +92.6% |
| Total equity and liabilities | 10/49 | €35,623 | €36,626 | +€1,003 | +2.8% |
| Equity | 10/15 | €24,217 | €26,682 | +€2,465 | +10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,217 | €23,682 | +€2,465 | +11.6% |
| Amounts payable | 17/49 | €11,405 | €9,943 | -€1,462 | -12.8% |
| Amounts payable within one year | 42/48 | €11,405 | €9,943 | -€1,462 | -12.8% |
| Trade debts | 44 | €522 | €523 | +€1 | +0.2% |
| Suppliers | 440/4 | €522 | €523 | +€1 | +0.2% |
| Taxes, remuneration and social security | 45 | €10,883 | €9,420 | -€1,463 | -13.4% |
| Taxes | 450/3 | €10,883 | €9,420 | -€1,463 | -13.4% |
| Remuneration, social security and pensions | 62 | - | €205 | +€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €6,056 | +€4,933 | +440% |
| Other operating charges | 640/8 | €135 | €1,479 | +€1,344 | +995% |
| Gross operating margin | 9900 | €28,639 | €11,381 | -€17,258 | -60.3% |
| Operating profit (loss) | 9901 | €27,382 | €3,641 | -€23,741 | -86.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | - | €131 | +€131 | |
| Recurring financial charges | 65 | - | €131 | +€131 | |
| Profit (loss) for the period before taxes | 9903 | €27,382 | €3,510 | -€23,872 | -87.2% |
| Income taxes | 67/77 | €6,165 | €1,045 | -€5,119 | -83.0% |
| Profit (loss) for the period | 9904 | €21,217 | €2,465 | -€18,752 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,217 | €2,465 | -€18,752 | -88.4% |
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 20 October 2026 via checked.be.