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
- Cash +€548,564
up €548,564 (+50.1%), from €1.1m to €1.6m
mainly Net result for the year (+€483,451) and Receivables within one year (+€130,034)
- Current investments +€150,000
up €150,000 (+14.5%), from €1.0m to €1.2m
- Receivables within one year -€130,034
down €130,034 (-16.2%), from €803,367 to €673,333
of which Other amounts receivable: -€124,462
- Reserves +€483,451
up €483,451 (+15.9%), from €3.0m to €3.5m
of which Distributable reserves: +€483,451
- Tax, wage and social debts +€57,206
up €57,206 (+256%), from €22,372 to €79,578
- Gross operating margin -€53,409
down €53,409 (-7.1%), from €753,370 to €699,961
- Financial income +€14,434
up €14,434 (+25.5%), from €56,520 to €70,954
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.
Derived cash bridge
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 | €3,195,811 | €3,717,092 | +€521,282 | +16.3% |
| Fixed assets | 21/28 | €172,084 | €146,437 | -€25,647 | -14.9% |
| Tangible fixed assets | 22/27 | €172,084 | €146,437 | -€25,647 | -14.9% |
| Land and buildings | 22 | €21,333 | €19,200 | -€2,133 | -10.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €150,751 | €127,237 | -€23,514 | -15.6% |
| Current assets | 29/58 | €3,023,726 | €3,570,655 | +€546,928 | +18.1% |
| Stocks and contracts in progress | 3 | €69,000 | €69,000 | = | 0.0% |
| Stocks | 30/36 | €69,000 | €69,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €803,367 | €673,333 | -€130,034 | -16.2% |
| Trade receivables | 40 | €149,375 | €143,803 | -€5,572 | -3.7% |
| Other amounts receivable | 41 | €653,992 | €529,530 | -€124,462 | -19.0% |
| Current investments | 50/53 | €1,031,925 | €1,181,925 | +€150,000 | +14.5% |
| Cash at bank and in hand | 54/58 | €1,094,340 | €1,642,904 | +€548,564 | +50.1% |
| Deferred charges and accrued income | 490/1 | €25,094 | €3,493 | -€21,601 | -86.1% |
| Total equity and liabilities | 10/49 | €3,195,811 | €3,717,092 | +€521,282 | +16.3% |
| Equity | 10/15 | €3,046,466 | €3,529,917 | +€483,451 | +15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,034,066 | €3,517,517 | +€483,451 | +15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €720,500 | €720,500 | = | 0.0% |
| Distributable reserves | 133 | €2,313,566 | €2,797,017 | +€483,451 | +20.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,345 | €187,176 | +€37,831 | +25.3% |
| Amounts payable within one year | 42/48 | €142,996 | €182,873 | +€39,878 | +27.9% |
| Financial debts | 43 | - | €539 | +€539 | |
| Credit institutions | 430/8 | - | €539 | +€539 | |
| Trade debts | 44 | €61,183 | €45,551 | -€15,632 | -25.5% |
| Suppliers | 440/4 | €61,183 | €45,551 | -€15,632 | -25.5% |
| Taxes, remuneration and social security | 45 | €22,372 | €79,578 | +€57,206 | +256% |
| Taxes | 450/3 | €22,372 | €79,578 | +€57,206 | +256% |
| Other amounts payable | 47/48 | €59,441 | €57,205 | -€2,236 | -3.8% |
| Accrued charges and deferred income | 492/3 | €6,349 | €4,302 | -€2,047 | -32.2% |
| Non-recurring operating income | 76A | €43,500 | €0 | -€43,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,394 | €26,578 | +€7,185 | +37.0% |
| Other operating charges | 640/8 | €4,157 | €1,594 | -€2,563 | -61.7% |
| Gross operating margin | 9900 | €753,370 | €699,961 | -€53,409 | -7.1% |
| Operating profit (loss) | 9901 | €729,820 | €671,789 | -€58,031 | -8.0% |
| Financial income | 75/76B | €56,520 | €70,954 | +€14,434 | +25.5% |
| Recurring financial income | 75 | €56,520 | €70,954 | +€14,434 | +25.5% |
| Financial charges | 65/66B | €32,898 | €27,066 | -€5,832 | -17.7% |
| Recurring financial charges | 65 | €32,898 | €27,066 | -€5,832 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €753,443 | €715,677 | -€37,765 | -5.0% |
| Income taxes | 67/77 | €226,219 | €232,227 | +€6,008 | +2.7% |
| Profit (loss) for the period | 9904 | €527,224 | €483,451 | -€43,773 | -8.3% |
| Transfer from tax-exempt reserves | 789 | €89,000 | €0 | -€89,000 | -100% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €405,724 | €483,451 | +€77,727 | +19.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.