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.
J&L
Largest movements
- Stocks and contracts +€148,563
up €148,563 (+36.3%), from €409,301 to €557,864
- Other debts +€160,311
up €160,311 (+40.2%), from €399,033 to €559,344
- Profit (loss) carried forward -€8,246
down €8,246 (-19.8%), from -€41,563 to -€49,809
- Gross operating margin -€2,354
down €2,354 (-53.1%), from -€4,436 to -€6,790
- Other operating charges -€2,104
down €2,104 (-66.3%), from €3,175 to €1,071
- Financial charges +€194
up €194 (+100.9%), from €192 to €385
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 | €412,073 | €561,201 | +€149,128 | +36.2% |
| Current assets | 29/58 | €412,073 | €561,201 | +€149,128 | +36.2% |
| Stocks and contracts in progress | 3 | €409,301 | €557,864 | +€148,563 | +36.3% |
| Stocks | 30/36 | €409,301 | €557,864 | +€148,563 | +36.3% |
| Amounts receivable within one year | 40/41 | €90 | €2,707 | +€2,617 | +2905.1% |
| Trade receivables | 40 | - | €1,870 | +€1,870 | |
| Other amounts receivable | 41 | €90 | €837 | +€747 | +829.4% |
| Cash at bank and in hand | 54/58 | €2,159 | €629 | -€1,530 | -70.9% |
| Deferred charges and accrued income | 490/1 | €523 | - | -€523 | |
| Total equity and liabilities | 10/49 | €412,073 | €561,201 | +€149,128 | +36.2% |
| Equity | 10/15 | €8,201 | -€45 | -€8,246 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €19,764 | €19,764 | = | 0.0% |
| Distributable reserves | 133 | €19,764 | €19,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,563 | -€49,809 | -€8,246 | -19.8% |
| Amounts payable | 17/49 | €403,872 | €561,246 | +€157,374 | +39.0% |
| Amounts payable within one year | 42/48 | €403,872 | €561,246 | +€157,374 | +39.0% |
| Trade debts | 44 | €15 | €1,902 | +€1,887 | +12413.2% |
| Suppliers | 440/4 | €15 | €1,902 | +€1,887 | +12413.2% |
| Taxes, remuneration and social security | 45 | €4,824 | - | -€4,824 | |
| Taxes | 450/3 | €4,824 | - | -€4,824 | |
| Other amounts payable | 47/48 | €399,033 | €559,344 | +€160,311 | +40.2% |
| Other operating charges | 640/8 | €3,175 | €1,071 | -€2,104 | -66.3% |
| Gross operating margin | 9900 | -€4,436 | -€6,790 | -€2,354 | -53.1% |
| Operating profit (loss) | 9901 | -€7,611 | -€7,861 | -€250 | -3.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €192 | €385 | +€194 | +100.9% |
| Recurring financial charges | 65 | €192 | €385 | +€194 | +100.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,801 | -€8,246 | -€445 | -5.7% |
| Profit (loss) for the period | 9904 | -€7,801 | -€8,246 | -€445 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,801 | -€8,246 | -€445 | -5.7% |
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 10 October 2026 via checked.be.