GROEP J & L: 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.
GROEP J & L
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+142%), from €912,944 to €2.2m
of which Land and buildings: +€1.3m
- Intangible fixed assets +€280,282
up €280,282 (+163%), from €171,964 to €452,246
- Receivables within one year +€118,890
up €118,890 (+17.3%), from €685,566 to €804,455
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Current portion of long-term debt +€124,392
up €124,392 (+53.9%), from €230,691 to €355,083
- Debts after one year +€121,879
up €121,879 (+14.6%), from €834,725 to €956,604
of which Financial debts: +€141,153
- Other debts +€47,934
new in 2025: €47,934
- Gross operating margin -€27,256
down €27,256 (-17.0%), from €160,338 to €133,082
- Financial charges -€7,699
down €7,699 (-17.1%), from €45,035 to €37,336
- Financial income -€6,953
down €6,953 (-13.5%), from €51,516 to €44,562
of which Financial income: -€8,975
- Depreciation -€4,347
down €4,347 (-3.3%), from €130,374 to €126,027
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 | €1,940,149 | €3,608,829 | +€1.7m | +86.0% |
| Fixed assets | 21/28 | €1,084,909 | €2,659,444 | +€1.6m | +145% |
| Intangible fixed assets | 21 | €171,964 | €452,246 | +€280,282 | +163% |
| Tangible fixed assets | 22/27 | €912,944 | €2,207,198 | +€1.3m | +142% |
| Land and buildings | 22 | €627,902 | €1,953,885 | +€1.3m | +211% |
| Plant, machinery and equipment | 23 | €276,906 | €245,638 | -€31,268 | -11.3% |
| Furniture and vehicles | 24 | €8,137 | €7,675 | -€462 | -5.7% |
| Current assets | 29/58 | €855,240 | €949,385 | +€94,144 | +11.0% |
| Amounts receivable within one year | 40/41 | €685,566 | €804,455 | +€118,890 | +17.3% |
| Other amounts receivable | 41 | €685,566 | €804,455 | +€118,890 | +17.3% |
| Current investments | 50/53 | €105,890 | €108,552 | +€2,662 | +2.5% |
| Cash at bank and in hand | 54/58 | €60,822 | €31,384 | -€29,437 | -48.4% |
| Deferred charges and accrued income | 490/1 | €2,963 | €4,993 | +€2,030 | +68.5% |
| Total equity and liabilities | 10/49 | €1,940,149 | €3,608,829 | +€1.7m | +86.0% |
| Equity | 10/15 | €855,688 | €2,237,074 | +€1.4m | +161% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Capital | 10 | €475,000 | €475,000 | = | 0.0% |
| Issued capital | 100 | €475,000 | €475,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,378,562 | +€1.4m | |
| Reserves | 13 | €190,843 | €190,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,500 | €47,500 | = | 0.0% |
| Legal reserve | 130 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €143,343 | €143,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,844 | €192,669 | +€2,824 | +1.5% |
| Amounts payable | 17/49 | €1,084,461 | €1,371,755 | +€287,293 | +26.5% |
| Amounts payable after more than one year | 17 | €834,725 | €956,604 | +€121,879 | +14.6% |
| Financial debts | 170/4 | €716,301 | €857,454 | +€141,153 | +19.7% |
| Other amounts payable | 178/9 | €118,424 | €99,150 | -€19,274 | -16.3% |
| Amounts payable within one year | 42/48 | €249,096 | €415,150 | +€166,054 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €230,691 | €355,083 | +€124,392 | +53.9% |
| Trade debts | 44 | €14,197 | €10,666 | -€3,531 | -24.9% |
| Suppliers | 440/4 | €14,197 | €10,666 | -€3,531 | -24.9% |
| Taxes, remuneration and social security | 45 | €4,208 | €1,467 | -€2,742 | -65.2% |
| Taxes | 450/3 | €4,208 | €1,467 | -€2,742 | -65.2% |
| Other amounts payable | 47/48 | - | €47,934 | +€47,934 | |
| Accrued charges and deferred income | 492/3 | €640 | - | -€640 | |
| Non-recurring operating income | 76A | €10,069 | €4,241 | -€5,828 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,374 | €126,027 | -€4,347 | -3.3% |
| Other operating charges | 640/8 | €10,206 | €10,815 | +€609 | +6.0% |
| Gross operating margin | 9900 | €160,338 | €133,082 | -€27,256 | -17.0% |
| Operating profit (loss) | 9901 | €19,758 | -€3,760 | -€23,518 | |
| Financial income | 75/76B | €51,516 | €44,562 | -€6,953 | -13.5% |
| Recurring financial income | 75 | €49,766 | €40,790 | -€8,975 | -18.0% |
| Non-recurring financial income | 76B | €1,750 | €3,772 | +€2,022 | +116% |
| Financial charges | 65/66B | €45,035 | €37,336 | -€7,699 | -17.1% |
| Recurring financial charges | 65 | €45,035 | €37,336 | -€7,699 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €26,238 | €3,466 | -€22,772 | -86.8% |
| Income taxes | 67/77 | €447 | €642 | +€195 | +43.6% |
| Profit (loss) for the period | 9904 | €25,791 | €2,824 | -€22,967 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,791 | €2,824 | -€22,967 | -89.0% |
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 18 October 2026 via checked.be.