JSF INVEST: what changed
What changed
JSF INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€4,842
2024 · €2,264-€7,106
Equity
€175,042
2024 · €182,336-€7,294
Cash
€529
2024 · €1,589-€1,060
Balance sheet total
€704,233
2024 · €781,287-€77,054
Largest movements
Assets
- Tangible fixed assets -€39,977
down €39,977 (-5.8%), from €686,897 to €646,920
- Receivables within one year -€35,847
down €35,847 (-39.6%), from €90,617 to €54,770
Equity and liabilities
- Debts after one year -€69,005
down €69,005 (-13.3%), from €517,172 to €448,167
Income statement
- Gross operating margin -€9,366
down €9,366 (-17.0%), from €55,185 to €45,819
- Depreciation -€1,277
down €1,277 (-3.1%), from €41,255 to €39,977
- Financial charges -€1,161
down €1,161 (-9.2%), from €12,678 to €11,517
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,264
Gross operating margin
-€9,366
Depreciation
+€1,277
Other operating charges
-€405
Financial charges
+€1,161
Taxes
+€226
Result 2025
-€4,842
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€69,262
Investment
€0
Financing
-€70,322
Cash 2024
€1,589
From operations (derived)
+€69,262
Net result for the year
-€4,842
Depreciation
+€39,977
Receivables within one year
+€35,847
Deferred charges and accrued income
+€170
Trade debts
-€2,753
Tax, wage and social debts
+€348
Other debts
+€764
Accrued charges and deferred income
-€249
Financing
-€70,322
Debts after one year
-€69,005
Current portion of long-term debt
+€1,135
Contributions, distributions and other
-€2,452
Cash 2025
€529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €781,287 | €704,233 | -€77,054 | -9.9% |
| Fixed assets | 21/28 | €687,517 | €647,540 | -€39,977 | -5.8% |
| Tangible fixed assets | 22/27 | €686,897 | €646,920 | -€39,977 | -5.8% |
| Land and buildings | 22 | €686,897 | €646,920 | -€39,977 | -5.8% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €93,770 | €56,693 | -€37,077 | -39.5% |
| Amounts receivable within one year | 40/41 | €90,617 | €54,770 | -€35,847 | -39.6% |
| Other amounts receivable | 41 | €90,617 | €54,770 | -€35,847 | -39.6% |
| Cash at bank and in hand | 54/58 | €1,589 | €529 | -€1,060 | -66.7% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,394 | -€170 | -10.9% |
| Total equity and liabilities | 10/49 | €781,287 | €704,233 | -€77,054 | -9.9% |
| Equity | 10/15 | €182,336 | €175,042 | -€7,294 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,990 | €137,990 | = | 0.0% |
| Distributable reserves | 133 | €137,990 | €137,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,842 | -€4,842 | |
| Investment grants | 15 | €25,746 | €23,294 | -€2,452 | -9.5% |
| Amounts payable | 17/49 | €598,951 | €529,191 | -€69,761 | -11.6% |
| Amounts payable after more than one year | 17 | €517,172 | €448,167 | -€69,005 | -13.3% |
| Financial debts | 170/4 | €517,172 | €448,167 | -€69,005 | -13.3% |
| Amounts payable within one year | 42/48 | €81,530 | €81,024 | -€507 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €67,870 | €69,005 | +€1,135 | +1.7% |
| Trade debts | 44 | €4,200 | €1,447 | -€2,753 | -65.6% |
| Suppliers | 440/4 | €4,200 | €1,447 | -€2,753 | -65.6% |
| Taxes, remuneration and social security | 45 | €3,229 | €3,577 | +€348 | +10.8% |
| Taxes | 450/3 | €3,229 | €3,577 | +€348 | +10.8% |
| Other amounts payable | 47/48 | €6,231 | €6,995 | +€764 | +12.3% |
| Accrued charges and deferred income | 492/3 | €249 | - | -€249 | |
| Non-recurring operating income | 76A | €7,588 | - | -€7,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,255 | €39,977 | -€1,277 | -3.1% |
| Other operating charges | 640/8 | €1,214 | €1,618 | +€405 | +33.4% |
| Gross operating margin | 9900 | €55,185 | €45,819 | -€9,366 | -17.0% |
| Operating profit (loss) | 9901 | €12,716 | €4,223 | -€8,493 | -66.8% |
| Financial income | 75/76B | €2,452 | €2,452 | = | 0.0% |
| Recurring financial income | 75 | €2,452 | €2,452 | = | 0.0% |
| Financial charges | 65/66B | €12,678 | €11,517 | -€1,161 | -9.2% |
| Recurring financial charges | 65 | €12,678 | €11,517 | -€1,161 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €2,491 | -€4,842 | -€7,332 | |
| Income taxes | 67/77 | €226 | - | -€226 | |
| Profit (loss) for the period | 9904 | €2,264 | -€4,842 | -€7,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,264 | -€4,842 | -€7,106 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.