GJLC: 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.
GJLC
Largest movements
- Cash +€68,301
up €68,301 (+292.3%), from €23,366 to €91,667
mainly Net result for the year (+€69,084) and Tax, wage and social debts (+€29,420)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€25,608
down €25,608 (-95.6%), from €26,795 to €1,187
of which Trade receivables: -€23,481
- Tangible fixed assets +€7,425
up €7,425 (+111.9%), from €6,635 to €14,060
- Reserves +€60,000
up €60,000 (+150.0%), from €40,000 to €100,000
- Tax, wage and social debts +€29,420
up €29,420 (+218.1%), from €13,488 to €42,908
of which Taxes: +€29,420
- Profit (loss) carried forward +€9,084
up €9,084 (+2377.9%), from €382 to €9,466
- Gross operating margin +€46,698
up €46,698 (+84.3%), from €55,405 to €102,103
- Purchases and services +€20,277
new in 2025: €20,277
- Taxes +€10,929
up €10,929 (+81.0%), from €13,488 to €24,417
- Depreciation +€5,119
up €5,119 (+347.5%), from €1,473 to €6,592
- Other operating charges +€2,343
up €2,343 (+3166.6%), from €74 to €2,417
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 | €56,870 | €157,437 | +€100,567 | +176.8% |
| Fixed assets | 21/28 | €6,635 | €14,060 | +€7,425 | +111.9% |
| Tangible fixed assets | 22/27 | €6,635 | €14,060 | +€7,425 | +111.9% |
| Furniture and vehicles | 24 | €6,635 | €14,060 | +€7,425 | +111.9% |
| Current assets | 29/58 | €50,235 | €143,378 | +€93,143 | +185.4% |
| Amounts receivable within one year | 40/41 | €26,795 | €1,187 | -€25,608 | -95.6% |
| Trade receivables | 40 | €23,821 | €340 | -€23,481 | -98.6% |
| Other amounts receivable | 41 | €2,974 | €847 | -€2,127 | -71.5% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €23,366 | €91,667 | +€68,301 | +292.3% |
| Deferred charges and accrued income | 490/1 | €74 | €523 | +€449 | +607.0% |
| Total equity and liabilities | 10/49 | €56,870 | €157,437 | +€100,567 | +176.8% |
| Equity | 10/15 | €43,382 | €112,466 | +€69,084 | +159.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €100,000 | +€60,000 | +150.0% |
| Distributable reserves | 133 | €40,000 | €100,000 | +€60,000 | +150.0% |
| Profit (loss) carried forward | 14 | €382 | €9,466 | +€9,084 | +2377.9% |
| Amounts payable | 17/49 | €13,488 | €44,972 | +€31,484 | +233.4% |
| Amounts payable within one year | 42/48 | €13,488 | €44,972 | +€31,484 | +233.4% |
| Trade debts | 44 | - | €855 | +€855 | |
| Suppliers | 440/4 | - | €855 | +€855 | |
| Taxes, remuneration and social security | 45 | €13,488 | €42,908 | +€29,420 | +218.1% |
| Taxes | 450/3 | €13,488 | €42,908 | +€29,420 | +218.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €1,208 | +€1,208 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €20,277 | +€20,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €6,592 | +€5,119 | +347.5% |
| Other operating charges | 640/8 | €74 | €2,417 | +€2,343 | +3166.6% |
| Gross operating margin | 9900 | €55,405 | €102,103 | +€46,698 | +84.3% |
| Operating profit (loss) | 9901 | €53,858 | €93,093 | +€39,235 | +72.8% |
| Financial income | 75/76B | €37 | €1,005 | +€968 | +2617.4% |
| Recurring financial income | 75 | €37 | €1,005 | +€968 | +2617.4% |
| Financial charges | 65/66B | €25 | €598 | +€573 | +2290.8% |
| Recurring financial charges | 65 | €25 | €598 | +€573 | +2290.8% |
| Profit (loss) for the period before taxes | 9903 | €53,870 | €93,501 | +€39,631 | +73.6% |
| Income taxes | 67/77 | €13,488 | €24,417 | +€10,929 | +81.0% |
| Profit (loss) for the period | 9904 | €40,382 | €69,084 | +€28,702 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,382 | €69,084 | +€28,702 | +71.1% |
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 7 October 2026 via checked.be.