Holding JLBA: 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.
Holding JLBA
Largest movements
- Current investments -€208,744
down €208,744 (-9.3%), from €2.3m to €2.0m
- Receivables after one year +€110,000
up €110,000 (+26.2%), from €420,000 to €530,000
of which Other amounts receivable: +€80,000
- Receivables within one year +€60,549
up €60,549 (+20.2%), from €299,383 to €359,932
of which Other amounts receivable: +€44,263
- Cash +€55,762
up €55,762 (+16.7%), from €334,757 to €390,519
mainly Other debts (+€311,100) and Current investments (+€208,744)
- Financial fixed assets -€48,167
down €48,167 (-20.7%), from €232,860 to €184,693
- Reserves -€347,550
down €347,550 (-10.7%), from €3.2m to €2.9m
- Other debts +€311,100
up €311,100 (+350%), from €88,900 to €400,000
- Gross operating margin +€91,525
up €91,525 (+1,955%), from €4,682 to €96,207
- Financial income -€50,728
down €50,728 (-43.8%), from €115,793 to €65,065
- Financial charges -€45,389
down €45,389 (-49.8%), from €91,111 to €45,722
of which Financial charges: -€73,556
- Taxes +€30,727
up €30,727 (+741%), from €4,146 to €34,873
- Other operating charges -€3,018
down €3,018 (-36.0%), from €8,394 to €5,376
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 | €3,616,357 | €3,569,867 | -€46,490 | -1.3% |
| Fixed assets | 21/28 | €304,845 | €233,869 | -€70,976 | -23.3% |
| Tangible fixed assets | 22/27 | €71,985 | €49,176 | -€22,809 | -31.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €63,932 | €42,151 | -€21,781 | -34.1% |
| Other tangible fixed assets | 26 | €8,052 | €7,025 | -€1,027 | -12.8% |
| Financial fixed assets | 28 | €232,860 | €184,693 | -€48,167 | -20.7% |
| Current assets | 29/58 | €3,311,513 | €3,335,998 | +€24,486 | +0.7% |
| Amounts receivable after more than one year | 29 | €420,000 | €530,000 | +€110,000 | +26.2% |
| Trade receivables | 290 | €120,000 | €150,000 | +€30,000 | +25.0% |
| Other amounts receivable | 291 | €300,000 | €380,000 | +€80,000 | +26.7% |
| Amounts receivable within one year | 40/41 | €299,383 | €359,932 | +€60,549 | +20.2% |
| Trade receivables | 40 | €30,765 | €47,052 | +€16,287 | +52.9% |
| Other amounts receivable | 41 | €268,618 | €312,880 | +€44,263 | +16.5% |
| Current investments | 50/53 | €2,253,330 | €2,044,587 | -€208,744 | -9.3% |
| Cash at bank and in hand | 54/58 | €334,757 | €390,519 | +€55,762 | +16.7% |
| Deferred charges and accrued income | 490/1 | €4,043 | €10,960 | +€6,918 | +171% |
| Total equity and liabilities | 10/49 | €3,616,357 | €3,569,867 | -€46,490 | -1.3% |
| Equity | 10/15 | €3,515,362 | €3,167,855 | -€347,507 | -9.9% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €3,239,433 | €2,891,883 | -€347,550 | -10.7% |
| Distributable reserves | 133 | €3,239,433 | €2,891,883 | -€347,550 | -10.7% |
| Profit (loss) carried forward | 14 | €263,729 | €263,771 | +€43 | 0.0% |
| Amounts payable | 17/49 | €100,995 | €402,013 | +€301,017 | +298% |
| Amounts payable within one year | 42/48 | €100,995 | €401,128 | +€300,132 | +297% |
| Trade debts | 44 | €10,413 | €1,046 | -€9,368 | -90.0% |
| Suppliers | 440/4 | €10,413 | €1,046 | -€9,368 | -90.0% |
| Taxes, remuneration and social security | 45 | €1,682 | €82 | -€1,600 | -95.1% |
| Taxes | 450/3 | €181 | €82 | -€99 | -54.6% |
| Remuneration and social security | 454/9 | €1,501 | €0 | -€1,501 | -100% |
| Other amounts payable | 47/48 | €88,900 | €400,000 | +€311,100 | +350% |
| Accrued charges and deferred income | 492/3 | €0 | €885 | +€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,271 | €22,809 | -€2,462 | -9.7% |
| Other operating charges | 640/8 | €8,394 | €5,376 | -€3,018 | -36.0% |
| Gross operating margin | 9900 | €4,682 | €96,207 | +€91,525 | +1,955% |
| Operating profit (loss) | 9901 | -€28,983 | €68,022 | +€97,005 | |
| Financial income | 75/76B | €115,793 | €65,065 | -€50,728 | -43.8% |
| Recurring financial income | 75 | €115,793 | €65,065 | -€50,728 | -43.8% |
| Financial charges | 65/66B | €91,111 | €45,722 | -€45,389 | -49.8% |
| Recurring financial charges | 65 | €91,111 | €17,555 | -€73,556 | -80.7% |
| Non-recurring financial charges | 66B | - | €28,167 | +€28,167 | |
| Profit (loss) for the period before taxes | 9903 | -€4,301 | €87,365 | +€91,666 | |
| Income taxes | 67/77 | €4,146 | €34,873 | +€30,727 | +741% |
| Profit (loss) for the period | 9904 | -€8,447 | €52,493 | +€60,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,447 | €52,493 | +€60,939 |
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.