Designstudio JLT: 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.
Designstudio JLT
Largest movements
- Tangible fixed assets -€89,441
down €89,441 (-5.2%), from €1.7m to €1.6m
of which Land and buildings: -€87,779
- Stocks and contracts -€80,320
down €80,320 (-35.5%), from €226,440 to €146,120
- Receivables within one year -€53,610
down €53,610 (-72.1%), from €74,336 to €20,726
of which Trade receivables: -€56,569
- Cash -€29,256
down €29,256 (-72.3%), from €40,474 to €11,218
mainly Short-term financial debts (-€196,000) and Debts after one year (-€147,363)
- Intangible fixed assets +€23,987
new in 2025: €23,987
- Short-term financial debts -€196,000
down €196,000 (-51.0%), from €384,000 to €188,000
- Debts after one year -€147,363
down €147,363 (-13.5%), from €1.1m to €942,414
- Trade debts +€104,348
up €104,348 (+243.6%), from €42,834 to €147,182
- Reserves +€27,787
up €27,787 (+9.4%), from €294,442 to €322,229
- Tax, wage and social debts -€26,658
down €26,658 (-45.8%), from €58,185 to €31,526
- Depreciation -€55,678
down €55,678 (-33.5%), from €166,307 to €110,629
- Taxes +€10,893
up €10,893, from €0 to €10,893
- Gross operating margin +€6,465
up €6,465 (+3.0%), from €213,344 to €219,809
- Other operating charges +€5,147
up €5,147 (+82.7%), from €6,223 to €11,370
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 | €2,057,656 | €1,829,150 | -€228,505 | -11.1% |
| Fixed assets | 21/28 | €1,713,477 | €1,648,023 | -€65,454 | -3.8% |
| Intangible fixed assets | 21 | - | €23,987 | +€23,987 | |
| Tangible fixed assets | 22/27 | €1,713,477 | €1,624,036 | -€89,441 | -5.2% |
| Land and buildings | 22 | €1,705,729 | €1,617,950 | -€87,779 | -5.1% |
| Plant, machinery and equipment | 23 | €7,749 | €6,087 | -€1,662 | -21.4% |
| Current assets | 29/58 | €344,178 | €181,127 | -€163,051 | -47.4% |
| Stocks and contracts in progress | 3 | €226,440 | €146,120 | -€80,320 | -35.5% |
| Stocks | 30/36 | €226,440 | €146,120 | -€80,320 | -35.5% |
| Amounts receivable within one year | 40/41 | €74,336 | €20,726 | -€53,610 | -72.1% |
| Trade receivables | 40 | €59,379 | €2,810 | -€56,569 | -95.3% |
| Other amounts receivable | 41 | €14,958 | €17,917 | +€2,959 | +19.8% |
| Cash at bank and in hand | 54/58 | €40,474 | €11,218 | -€29,256 | -72.3% |
| Deferred charges and accrued income | 490/1 | €2,928 | €3,063 | +€135 | +4.6% |
| Total equity and liabilities | 10/49 | €2,057,656 | €1,829,150 | -€228,505 | -11.1% |
| Equity | 10/15 | €306,265 | €340,821 | +€34,556 | +11.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €294,442 | €322,229 | +€27,787 | +9.4% |
| Distributable reserves | 133 | €294,442 | €322,229 | +€27,787 | +9.4% |
| Profit (loss) carried forward | 14 | -€6,769 | €0 | +€6,769 | |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,746,391 | €1,483,329 | -€263,062 | -15.1% |
| Amounts payable after more than one year | 17 | €1,089,776 | €942,414 | -€147,363 | -13.5% |
| Financial debts | 170/4 | €1,089,776 | €942,414 | -€147,363 | -13.5% |
| Amounts payable within one year | 42/48 | €651,553 | €535,023 | -€116,530 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €145,583 | €147,363 | +€1,780 | +1.2% |
| Financial debts | 43 | €384,000 | €188,000 | -€196,000 | -51.0% |
| Credit institutions | 430/8 | €384,000 | €188,000 | -€196,000 | -51.0% |
| Trade debts | 44 | €42,834 | €147,182 | +€104,348 | +243.6% |
| Suppliers | 440/4 | €42,834 | €147,182 | +€104,348 | +243.6% |
| Taxes, remuneration and social security | 45 | €58,185 | €31,526 | -€26,658 | -45.8% |
| Taxes | 450/3 | €58,185 | €31,526 | -€26,658 | -45.8% |
| Other amounts payable | 47/48 | €20,952 | €20,952 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,061 | €5,892 | +€831 | +16.4% |
| Non-recurring operating income | 76A | - | €1,210 | +€1,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,307 | €110,629 | -€55,678 | -33.5% |
| Other operating charges | 640/8 | €6,223 | €11,370 | +€5,147 | +82.7% |
| Gross operating margin | 9900 | €213,344 | €219,809 | +€6,465 | +3.0% |
| Operating profit (loss) | 9901 | €40,814 | €97,810 | +€56,996 | +139.6% |
| Financial charges | 65/66B | €54,002 | €52,360 | -€1,642 | -3.0% |
| Recurring financial charges | 65 | €54,002 | €52,360 | -€1,642 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,188 | €45,450 | +€58,638 | |
| Income taxes | 67/77 | €0 | €10,893 | +€10,893 | |
| Profit (loss) for the period | 9904 | -€13,188 | €34,556 | +€47,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,188 | €34,556 | +€47,745 |
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 3 October 2026 via checked.be.