J.L.B.: 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.B.
Largest movements
- Receivables within one year +€54,423
up €54,423 (+180%), from €30,265 to €84,688
- Cash -€30,860
down €30,860 (-54.1%), from €57,017 to €26,157
mainly Receivables within one year (-€54,423) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€14,929
down €14,929 (-20.8%), from €71,643 to €56,714
of which Furniture and vehicles: -€18,516
- Other debts +€9,300
up €9,300 (+44.9%), from €20,700 to €30,000
- Trade debts -€9,226
down €9,226 (-6.3%), from €145,827 to €136,601
- Tax, wage and social debts +€6,360
up €6,360 (+130%), from €4,893 to €11,253
of which Taxes: +€7,031
- Profit (loss) carried forward +€2,343
up €2,343 (+20.0%), from €11,735 to €14,078
- Other operating charges +€16,967
up €16,967 (+1,186%), from €1,430 to €18,397
- Gross operating margin -€15,547
down €15,547 (-9.8%), from €158,463 to €142,916
- Financial charges +€9,565
up €9,565 (+2,105%), from €454 to €10,019
- Taxes -€7,706
down €7,706 (-42.3%), from €18,215 to €10,508
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 | €210,550 | €219,328 | +€8,778 | +4.2% |
| Fixed assets | 21/28 | €72,026 | €57,097 | -€14,929 | -20.7% |
| Tangible fixed assets | 22/27 | €71,643 | €56,714 | -€14,929 | -20.8% |
| Furniture and vehicles | 24 | €71,643 | €53,127 | -€18,516 | -25.8% |
| Other tangible fixed assets | 26 | - | €3,587 | +€3,587 | |
| Financial fixed assets | 28 | €383 | €383 | = | 0.0% |
| Current assets | 29/58 | €138,523 | €162,230 | +€23,707 | +17.1% |
| Stocks and contracts in progress | 3 | €50,000 | €50,000 | = | 0.0% |
| Stocks | 30/36 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,265 | €84,688 | +€54,423 | +180% |
| Other amounts receivable | 41 | €30,265 | €84,688 | +€54,423 | +180% |
| Cash at bank and in hand | 54/58 | €57,017 | €26,157 | -€30,860 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,385 | +€144 | +11.6% |
| Total equity and liabilities | 10/49 | €210,550 | €219,328 | +€8,778 | +4.2% |
| Equity | 10/15 | €39,130 | €41,473 | +€2,343 | +6.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,605 | €2,605 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,605 | €2,605 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,605 | €2,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,735 | €14,078 | +€2,343 | +20.0% |
| Amounts payable | 17/49 | €171,420 | €177,855 | +€6,435 | +3.8% |
| Amounts payable within one year | 42/48 | €171,420 | €177,855 | +€6,435 | +3.8% |
| Trade debts | 44 | €145,827 | €136,601 | -€9,226 | -6.3% |
| Suppliers | 440/4 | €145,827 | €136,601 | -€9,226 | -6.3% |
| Taxes, remuneration and social security | 45 | €4,893 | €11,253 | +€6,360 | +130% |
| Taxes | 450/3 | €3,477 | €10,508 | +€7,031 | +202% |
| Remuneration and social security | 454/9 | €1,416 | €745 | -€670 | -47.4% |
| Other amounts payable | 47/48 | €20,700 | €30,000 | +€9,300 | +44.9% |
| Non-recurring operating income | 76A | €1,526 | - | -€1,526 | |
| Remuneration, social security and pensions | 62 | €53,272 | €52,415 | -€857 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,330 | €19,233 | +€903 | +4.9% |
| Other operating charges | 640/8 | €1,430 | €18,397 | +€16,967 | +1,186% |
| Gross operating margin | 9900 | €158,463 | €142,916 | -€15,547 | -9.8% |
| Operating profit (loss) | 9901 | €85,431 | €52,871 | -€32,560 | -38.1% |
| Financial charges | 65/66B | €454 | €10,019 | +€9,565 | +2,105% |
| Recurring financial charges | 65 | €454 | €10,019 | +€9,565 | +2,105% |
| Profit (loss) for the period before taxes | 9903 | €84,977 | €42,851 | -€42,125 | -49.6% |
| Income taxes | 67/77 | €18,215 | €10,508 | -€7,706 | -42.3% |
| Profit (loss) for the period | 9904 | €66,762 | €32,343 | -€34,419 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,762 | €32,343 | -€34,419 | -51.6% |
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 21 October 2026 via checked.be.