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 +€21,138
up €21,138 (+14.2%), from €148,527 to €169,665
mainly Net result for the year (+€32,636) and Other debts (+€22,000)
- Receivables after one year -€7,350
down €7,350 (-15.5%), from €47,350 to €40,000
- Other debts +€22,000
up €22,000 (+275.0%), from €8,000 to €30,000
- Reserves +€12,600
up €12,600 (+10.3%), from €121,860 to €134,460
of which Distributable reserves: +€12,600
- Profit (loss) carried forward -€9,964
down €9,964 (-22.7%), from €43,942 to €33,978
- Tax, wage and social debts -€5,066
down €5,066 (-41.1%), from €12,339 to €7,273
- Current portion of long-term debt -€4,564
no longer reported in 2025 (was €4,564)
- Taxes -€2,829
down €2,829 (-15.5%), from €18,295 to €15,466
- Financial income -€696
down €696 (-40.7%), from €1,711 to €1,015
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 | €214,596 | €229,640 | +€15,044 | +7.0% |
| Fixed assets | 21/28 | €11,237 | €10,900 | -€337 | -3.0% |
| Tangible fixed assets | 22/27 | €11,237 | €10,900 | -€337 | -3.0% |
| Plant, machinery and equipment | 23 | €11,237 | €10,900 | -€337 | -3.0% |
| Current assets | 29/58 | €203,359 | €218,740 | +€15,381 | +7.6% |
| Amounts receivable after more than one year | 29 | €47,350 | €40,000 | -€7,350 | -15.5% |
| Other amounts receivable | 291 | €47,350 | €40,000 | -€7,350 | -15.5% |
| Stocks and contracts in progress | 3 | €2,612 | €2,607 | -€5 | -0.2% |
| Stocks | 30/36 | €2,612 | €2,607 | -€5 | -0.2% |
| Amounts receivable within one year | 40/41 | €4,290 | €4,257 | -€33 | -0.8% |
| Trade receivables | 40 | €2,108 | €2,961 | +€853 | +40.5% |
| Other amounts receivable | 41 | €2,182 | €1,296 | -€886 | -40.6% |
| Cash at bank and in hand | 54/58 | €148,527 | €169,665 | +€21,138 | +14.2% |
| Deferred charges and accrued income | 490/1 | €580 | €2,211 | +€1,631 | +281.2% |
| Total equity and liabilities | 10/49 | €214,596 | €229,640 | +€15,044 | +7.0% |
| Equity | 10/15 | €184,402 | €187,038 | +€2,636 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,860 | €134,460 | +€12,600 | +10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €132,600 | +€12,600 | +10.5% |
| Profit (loss) carried forward | 14 | €43,942 | €33,978 | -€9,964 | -22.7% |
| Amounts payable | 17/49 | €30,194 | €42,602 | +€12,408 | +41.1% |
| Amounts payable within one year | 42/48 | €30,194 | €42,602 | +€12,408 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €4,564 | - | -€4,564 | |
| Trade debts | 44 | €5,291 | €5,329 | +€38 | +0.7% |
| Suppliers | 440/4 | €5,291 | €5,329 | +€38 | +0.7% |
| Taxes, remuneration and social security | 45 | €12,339 | €7,273 | -€5,066 | -41.1% |
| Taxes | 450/3 | €12,339 | €7,273 | -€5,066 | -41.1% |
| Other amounts payable | 47/48 | €8,000 | €30,000 | +€22,000 | +275.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,427 | €3,912 | +€485 | +14.2% |
| Other operating charges | 640/8 | €600 | €776 | +€176 | +29.3% |
| Gross operating margin | 9900 | €51,934 | €52,292 | +€358 | +0.7% |
| Operating profit (loss) | 9901 | €47,907 | €47,604 | -€303 | -0.6% |
| Financial income | 75/76B | €1,711 | €1,015 | -€696 | -40.7% |
| Recurring financial income | 75 | €1,711 | €1,015 | -€696 | -40.7% |
| Financial charges | 65/66B | €545 | €517 | -€28 | -5.1% |
| Recurring financial charges | 65 | €545 | €517 | -€28 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €49,073 | €48,102 | -€971 | -2.0% |
| Income taxes | 67/77 | €18,295 | €15,466 | -€2,829 | -15.5% |
| Profit (loss) for the period | 9904 | €30,778 | €32,636 | +€1,858 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,778 | €32,636 | +€1,858 | +6.0% |
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 5 October 2026 via checked.be.