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
- Cash +€27,219
up €27,219 (+23.4%), from €116,136 to €143,354
mainly Net result for the year (+€74,376) and Other debts (+€67,066)
- Receivables within one year +€18,811
up €18,811 (+47.8%), from €39,369 to €58,180
of which Other amounts receivable: +€10,413
- Tangible fixed assets +€8,223
up €8,223 (+261.1%), from €3,149 to €11,371
of which Furniture and vehicles: +€5,247
- Current investments +€5,000
up €5,000 (+4.2%), from €120,000 to €125,000
- Other debts +€67,066
up €67,066 (+364.6%), from €18,393 to €85,459
- Reserves -€42,095
down €42,095 (-17.9%), from €235,696 to €193,601
- Accrued charges and deferred income +€34,800
new in 2025: €34,800
- Tax, wage and social debts -€6,602
down €6,602 (-46.7%), from €14,123 to €7,521
- Trade debts +€6,502
up €6,502 (+2950.1%), from €220 to €6,722
- Gross operating margin +€23,013
up €23,013 (+26.2%), from €87,994 to €111,008
- Taxes +€6,141
up €6,141 (+26.1%), from €23,538 to €29,678
- Depreciation +€5,010
up €5,010 (+287.2%), from €1,744 to €6,754
- Financial income +€2,520
up €2,520, from €0 to €2,520
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 | €280,832 | €340,503 | +€59,672 | +21.2% |
| Fixed assets | 21/28 | €3,149 | €11,371 | +€8,223 | +261.1% |
| Tangible fixed assets | 22/27 | €3,149 | €11,371 | +€8,223 | +261.1% |
| Plant, machinery and equipment | 23 | - | €2,976 | +€2,976 | |
| Furniture and vehicles | 24 | €3,149 | €8,396 | +€5,247 | +166.6% |
| Current assets | 29/58 | €277,683 | €329,132 | +€51,449 | +18.5% |
| Amounts receivable within one year | 40/41 | €39,369 | €58,180 | +€18,811 | +47.8% |
| Trade receivables | 40 | €24,999 | €33,396 | +€8,397 | +33.6% |
| Other amounts receivable | 41 | €14,371 | €24,784 | +€10,413 | +72.5% |
| Current investments | 50/53 | €120,000 | €125,000 | +€5,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €116,136 | €143,354 | +€27,219 | +23.4% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,598 | +€419 | +19.3% |
| Total equity and liabilities | 10/49 | €280,832 | €340,503 | +€59,672 | +21.2% |
| Equity | 10/15 | €248,096 | €206,001 | -€42,095 | -17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €235,696 | €193,601 | -€42,095 | -17.9% |
| Distributable reserves | 133 | €235,696 | €193,601 | -€42,095 | -17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,736 | €134,502 | +€101,766 | +310.9% |
| Amounts payable within one year | 42/48 | €32,736 | €99,702 | +€66,966 | +204.6% |
| Trade debts | 44 | €220 | €6,722 | +€6,502 | +2950.1% |
| Suppliers | 440/4 | €220 | €6,722 | +€6,502 | +2950.1% |
| Taxes, remuneration and social security | 45 | €14,123 | €7,521 | -€6,602 | -46.7% |
| Taxes | 450/3 | €14,123 | €7,521 | -€6,602 | -46.7% |
| Other amounts payable | 47/48 | €18,393 | €85,459 | +€67,066 | +364.6% |
| Accrued charges and deferred income | 492/3 | - | €34,800 | +€34,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,744 | €6,754 | +€5,010 | +287.2% |
| Other operating charges | 640/8 | €571 | €575 | +€4 | +0.8% |
| Gross operating margin | 9900 | €87,994 | €111,008 | +€23,013 | +26.2% |
| Operating profit (loss) | 9901 | €85,679 | €103,679 | +€17,999 | +21.0% |
| Financial income | 75/76B | €0 | €2,520 | +€2,520 | |
| Recurring financial income | 75 | €0 | €2,520 | +€2,520 | |
| Financial charges | 65/66B | €3,060 | €2,145 | -€916 | -29.9% |
| Recurring financial charges | 65 | €3,060 | €2,145 | -€916 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €82,619 | €104,054 | +€21,435 | +25.9% |
| Income taxes | 67/77 | €23,538 | €29,678 | +€6,141 | +26.1% |
| Profit (loss) for the period | 9904 | €59,081 | €74,376 | +€15,295 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,081 | €74,376 | +€15,295 | +25.9% |
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 2 October 2026 via checked.be.