J.A.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.
What changed
J.A.L.
NACE 68.121, Development of residential building projects
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€62,175
2023 · €564,228-€502,053
Equity
€2.2m
2023 · €2.1m+€62,175
Cash
€99,012
2023 · €161,668-€62,657
Balance sheet total
€21.5m
2023 · €17.3m+€4.2m
Largest movements
Assets
- Receivables within one year +€4.0m
up €4.0m (+29.9%), from €13.4m to €17.4m
of which Other amounts receivable: +€4.0m
Equity and liabilities
- Other debts +€4.0m
up €4.0m (+27.6%), from €14.6m to €18.6m
Income statement
- Gross operating margin -€670,245
down €670,245 (-97.4%), from €687,885 to €17,641
- Financial income +€304,579
up €304,579 (+72.7%), from €419,131 to €723,710
- Financial charges +€113,125
up €113,125 (+23.5%), from €480,401 to €593,526
- Taxes +€20,588
up €20,588 (+8,045%), from €256 to €20,844
From the 2023 result to the 2024 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.
Result 2023
€564,228
Gross operating margin
-€670,245
Depreciation
-€3,653
Other operating charges
+€979
Financial income
+€304,579
Financial charges
-€113,125
Taxes
-€20,588
Result 2024
€62,175
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€7,193
Investment
-€69,850
Financing
€0
Cash 2023
€161,668
From operations (derived)
+€7,193
Net result for the year
+€62,175
Depreciation
+€59,552
Stocks and contracts
-€201,309
Receivables within one year
-€4.0m
Deferred charges and accrued income
-€42,841
Trade debts
-€4,506
Tax, wage and social debts
-€22,862
Other debts
+€4.0m
Accrued charges and deferred income
+€133,970
Investment (derived)
-€69,850
Investment in fixed assets (net)
-€69,850
Cash 2024
€99,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,276,258 | €21,475,829 | +€4.2m | +24.3% |
| Fixed assets | 21/28 | €2,331,122 | €2,341,420 | +€10,298 | +0.4% |
| Tangible fixed assets | 22/27 | €811,122 | €731,420 | -€79,702 | -9.8% |
| Land and buildings | 22 | €803,806 | €730,850 | -€72,957 | -9.1% |
| Furniture and vehicles | 24 | €7,316 | €571 | -€6,745 | -92.2% |
| Financial fixed assets | 28 | €1,520,000 | €1,610,000 | +€90,000 | +5.9% |
| Current assets | 29/58 | €14,945,136 | €19,134,408 | +€4.2m | +28.0% |
| Stocks and contracts in progress | 3 | €976,718 | €1,178,027 | +€201,309 | +20.6% |
| Stocks | 30/36 | €976,718 | €1,178,027 | +€201,309 | +20.6% |
| Amounts receivable within one year | 40/41 | €13,424,813 | €17,432,592 | +€4.0m | +29.9% |
| Trade receivables | 40 | €158,030 | €168,030 | +€10,000 | +6.3% |
| Other amounts receivable | 41 | €13,266,784 | €17,264,563 | +€4.0m | +30.1% |
| Cash at bank and in hand | 54/58 | €161,668 | €99,012 | -€62,657 | -38.8% |
| Deferred charges and accrued income | 490/1 | €381,937 | €424,777 | +€42,841 | +11.2% |
| Total equity and liabilities | 10/49 | €17,276,258 | €21,475,829 | +€4.2m | +24.3% |
| Equity | 10/15 | €2,124,884 | €2,187,059 | +€62,175 | +2.9% |
| Contributions | 10/11 | €264,550 | €264,550 | = | 0.0% |
| Reserves | 13 | €1,860,334 | €1,922,509 | +€62,175 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860,334 | €1,922,509 | +€62,175 | +3.3% |
| Amounts payable | 17/49 | €15,151,374 | €19,288,770 | +€4.1m | +27.3% |
| Amounts payable within one year | 42/48 | €14,673,594 | €18,677,020 | +€4.0m | +27.3% |
| Trade debts | 44 | €27,940 | €23,434 | -€4,506 | -16.1% |
| Suppliers | 440/4 | €27,940 | €23,434 | -€4,506 | -16.1% |
| Taxes, remuneration and social security | 45 | €32,483 | €9,621 | -€22,862 | -70.4% |
| Taxes | 450/3 | €32,483 | €9,621 | -€22,862 | -70.4% |
| Other amounts payable | 47/48 | €14,613,172 | €18,643,965 | +€4.0m | +27.6% |
| Accrued charges and deferred income | 492/3 | €477,780 | €611,750 | +€133,970 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,899 | €59,552 | +€3,653 | +6.5% |
| Other operating charges | 640/8 | €6,232 | €5,253 | -€979 | -15.7% |
| Gross operating margin | 9900 | €687,885 | €17,641 | -€670,245 | -97.4% |
| Operating profit (loss) | 9901 | €625,754 | -€47,165 | -€672,919 | |
| Financial income | 75/76B | €419,131 | €723,710 | +€304,579 | +72.7% |
| Recurring financial income | 75 | €419,131 | €723,710 | +€304,579 | +72.7% |
| Financial charges | 65/66B | €480,401 | €593,526 | +€113,125 | +23.5% |
| Recurring financial charges | 65 | €480,401 | €593,526 | +€113,125 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €564,484 | €83,020 | -€481,465 | -85.3% |
| Income taxes | 67/77 | €256 | €20,844 | +€20,588 | +8,045% |
| Profit (loss) for the period | 9904 | €564,228 | €62,175 | -€502,053 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €564,228 | €62,175 | -€502,053 | -89.0% |
Source: filed annual accounts (NBB), financial years ended 29 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.