J.A.A.L.C.: 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.
J.A.A.L.C.
Largest movements
- Tangible fixed assets -€68,779
down €68,779 (-7.4%), from €932,276 to €863,497
of which Land and buildings: -€59,371
- Reserves -€35,910
down €35,910 (-8.7%), from €411,895 to €375,985
of which Tax-exempt reserves: -€35,910
- Debts after one year -€24,486
down €24,486 (-16.2%), from €150,862 to €126,377
- Provisions -€18,491
down €18,491 (-8.9%), from €208,642 to €190,151
- Gross operating margin -€10,730
down €10,730 (-18.0%), from €59,777 to €49,046
- Purchases and services +€9,049
up €9,049 (+30.2%), from €29,943 to €38,992
- Depreciation +€2,585
up €2,585 (+2.8%), from €92,043 to €94,627
- Turnover -€1,681
down €1,681 (-1.9%), from €89,720 to €88,039
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 | €1,157,378 | €1,080,279 | -€77,099 | -6.7% |
| Fixed assets | 21/28 | €932,276 | €863,497 | -€68,779 | -7.4% |
| Tangible fixed assets | 22/27 | €932,276 | €863,497 | -€68,779 | -7.4% |
| Land and buildings | 22 | €837,341 | €777,970 | -€59,371 | -7.1% |
| Furniture and vehicles | 24 | €462 | €231 | -€231 | -50.0% |
| Other tangible fixed assets | 26 | €94,473 | €85,296 | -€9,177 | -9.7% |
| Current assets | 29/58 | €225,102 | €216,782 | -€8,320 | -3.7% |
| Amounts receivable within one year | 40/41 | €136,241 | €136,129 | -€112 | -0.1% |
| Trade receivables | 40 | €1,751 | €1,751 | = | 0.0% |
| Other amounts receivable | 41 | €134,490 | €134,378 | -€112 | -0.1% |
| Cash at bank and in hand | 54/58 | €88,861 | €80,653 | -€8,208 | -9.2% |
| Total equity and liabilities | 10/49 | €1,157,378 | €1,080,279 | -€77,099 | -6.7% |
| Equity | 10/15 | €408,023 | €364,572 | -€43,451 | -10.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €411,895 | €375,985 | -€35,910 | -8.7% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €404,895 | €368,985 | -€35,910 | -8.9% |
| Profit (loss) carried forward | 14 | -€73,872 | -€81,414 | -€7,542 | -10.2% |
| Provisions and deferred taxes | 16 | €208,642 | €190,151 | -€18,491 | -8.9% |
| Deferred taxes | 168 | €208,642 | €190,151 | -€18,491 | -8.9% |
| Amounts payable | 17/49 | €540,713 | €525,556 | -€15,158 | -2.8% |
| Amounts payable after more than one year | 17 | €150,862 | €126,377 | -€24,486 | -16.2% |
| Financial debts | 170/4 | €150,862 | €126,377 | -€24,486 | -16.2% |
| Amounts payable within one year | 42/48 | €388,498 | €395,780 | +€7,282 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €24,229 | €24,486 | +€257 | +1.1% |
| Trade debts | 44 | €42,491 | €46,989 | +€4,498 | +10.6% |
| Suppliers | 440/4 | €42,491 | €46,989 | +€4,498 | +10.6% |
| Taxes, remuneration and social security | 45 | €80 | €80 | = | 0.0% |
| Taxes | 450/3 | €80 | €80 | = | 0.0% |
| Other amounts payable | 47/48 | €321,697 | €324,225 | +€2,527 | +0.8% |
| Accrued charges and deferred income | 492/3 | €1,353 | €3,399 | +€2,046 | +151% |
| Turnover | 70 | €89,720 | €88,039 | -€1,681 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,943 | €38,992 | +€9,049 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,043 | €94,627 | +€2,585 | +2.8% |
| Other operating charges | 640/8 | €10,875 | €11,215 | +€341 | +3.1% |
| Gross operating margin | 9900 | €59,777 | €49,046 | -€10,730 | -18.0% |
| Operating profit (loss) | 9901 | -€43,141 | -€56,796 | -€13,656 | -31.7% |
| Financial income | 75/76B | €2,673 | €2,691 | +€19 | +0.7% |
| Recurring financial income | 75 | €2,673 | €2,691 | +€19 | +0.7% |
| Financial charges | 65/66B | €8,137 | €7,837 | -€300 | -3.7% |
| Recurring financial charges | 65 | €8,137 | €7,837 | -€300 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,605 | -€61,942 | -€13,337 | -27.4% |
| Transfer from deferred taxes | 780 | €18,491 | €18,491 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€30,114 | -€43,451 | -€13,337 | -44.3% |
| Transfer from tax-exempt reserves | 789 | €35,910 | €35,910 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,795 | -€7,542 | -€13,337 |
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 29 October 2026 via checked.be.