J & L: what changed
Two fiscal 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
- Receivables within one year +€190,011
up €190,011 (+1209.3%), from €15,713 to €205,724
of which Other amounts receivable: +€198,693
- Financial fixed assets -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tangible fixed assets -€27,370
down €27,370 (-35.8%), from €76,389 to €49,019
of which Furniture and vehicles: -€25,070
- Current investments -€14,945
down €14,945 (-49.8%), from €29,999 to €15,054
- Cash -€13,627
down €13,627 (-49.2%), from €27,678 to €14,051
mainly Receivables within one year (-€190,011) and Other debts (-€25,226)
- Reserves +€49,467
up €49,467 (+32.2%), from €153,453 to €202,920
- Other debts -€25,226
down €25,226 (-64.0%), from €39,444 to €14,217
- Tax, wage and social debts -€23,426
down €23,426 (-38.9%), from €60,213 to €36,787
- Debts after one year -€17,066
down €17,066 (-70.0%), from €24,390 to €7,323
- Gross operating margin -€102,749
down €102,749 (-72.1%), from €142,498 to €39,750
- Financial income +€50,014
up €50,014 (+13042.4%), from €383 to €50,397
of which Non-recurring financial income: +€50,000
- Taxes -€16,547
down €16,547 (-64.5%), from €25,640 to €9,093
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 | €301,476 | €283,939 | -€17,538 | -5.8% |
| Fixed assets | 21/28 | €226,389 | €49,019 | -€177,370 | -78.3% |
| Tangible fixed assets | 22/27 | €76,389 | €49,019 | -€27,370 | -35.8% |
| Plant, machinery and equipment | 23 | €7,649 | €5,350 | -€2,299 | -30.1% |
| Furniture and vehicles | 24 | €68,740 | €43,669 | -€25,070 | -36.5% |
| Financial fixed assets | 28 | €150,000 | €0 | -€150,000 | -100.0% |
| Current assets | 29/58 | €75,087 | €234,920 | +€159,832 | +212.9% |
| Amounts receivable within one year | 40/41 | €15,713 | €205,724 | +€190,011 | +1209.3% |
| Trade receivables | 40 | €14,405 | €5,724 | -€8,682 | -60.3% |
| Other amounts receivable | 41 | €1,307 | €200,000 | +€198,693 | +15197.0% |
| Current investments | 50/53 | €29,999 | €15,054 | -€14,945 | -49.8% |
| Cash at bank and in hand | 54/58 | €27,678 | €14,051 | -€13,627 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,698 | €91 | -€1,607 | -94.6% |
| Total equity and liabilities | 10/49 | €301,476 | €283,939 | -€17,538 | -5.8% |
| Equity | 10/15 | €158,453 | €207,920 | +€49,467 | +31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €153,453 | €202,920 | +€49,467 | +32.2% |
| Distributable reserves | 133 | €153,453 | €202,920 | +€49,467 | +32.2% |
| Amounts payable | 17/49 | €143,023 | €76,019 | -€67,005 | -46.8% |
| Amounts payable after more than one year | 17 | €24,390 | €7,323 | -€17,066 | -70.0% |
| Financial debts | 170/4 | €24,390 | €7,323 | -€17,066 | -70.0% |
| Amounts payable within one year | 42/48 | €118,633 | €68,695 | -€49,938 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €16,371 | €17,066 | +€696 | +4.3% |
| Trade debts | 44 | €2,606 | €625 | -€1,981 | -76.0% |
| Suppliers | 440/4 | €2,606 | €625 | -€1,981 | -76.0% |
| Taxes, remuneration and social security | 45 | €60,213 | €36,787 | -€23,426 | -38.9% |
| Taxes | 450/3 | €60,213 | €36,787 | -€23,426 | -38.9% |
| Other amounts payable | 47/48 | €39,444 | €14,217 | -€25,226 | -64.0% |
| Non-recurring operating income | 76A | €8,582 | €0 | -€8,582 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,299 | €27,370 | +€71 | +0.3% |
| Other operating charges | 640/8 | €806 | €822 | +€17 | +2.1% |
| Non-recurring operating charges | 66A | €9,862 | €0 | -€9,862 | -100.0% |
| Gross operating margin | 9900 | €142,498 | €39,750 | -€102,749 | -72.1% |
| Operating profit (loss) | 9901 | €104,531 | €11,557 | -€92,974 | -88.9% |
| Financial income | 75/76B | €383 | €50,397 | +€50,014 | +13042.4% |
| Recurring financial income | 75 | €383 | €397 | +€14 | +3.6% |
| Non-recurring financial income | 76B | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €4,273 | €3,395 | -€879 | -20.6% |
| Recurring financial charges | 65 | €4,273 | €3,395 | -€879 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €100,641 | €58,560 | -€42,082 | -41.8% |
| Income taxes | 67/77 | €25,640 | €9,093 | -€16,547 | -64.5% |
| Profit (loss) for the period | 9904 | €75,001 | €49,467 | -€25,534 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,001 | €49,467 | -€25,534 | -34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.