J.L.C: 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.C
Largest movements
- Cash -€1.5m
down €1.5m (-89.6%), from €1.6m to €168,469
mainly Current investments (-€1.2m) and Contributions, distributions and other (-€455,000)
- Current investments +€1.2m
up €1.2m (+118%), from €1.0m to €2.2m
- Tangible fixed assets -€47,569
down €47,569 (-98.3%), from €48,412 to €844
of which Land and buildings: -€41,557
- Profit (loss) carried forward -€2.0m
down €2.0m (-99.6%), from €2.0m to €8,571
- Reserves +€1.5m
up €1.5m (+85.0%), from €1.8m to €3.3m
of which Non-distributable reserves: +€2.2m
- Trade debts +€71,150
up €71,150 (+2,792%), from €2,549 to €73,699
- Other debts +€57,090
new in 2025: €57,090
- Financial income -€1.7m
down €1.7m (-99.6%), from €1.7m to €6,440
- Staff costs +€108,130
up €108,130 (+178%), from €60,664 to €168,794
- Gross operating margin -€73,211
down €73,211 (-30.3%), from €241,447 to €168,236
- Taxes -€68,298
down €68,298, from €56,576 to -€11,722
- Financial charges -€20,841
down €20,841 (-93.0%), from €22,417 to €1,576
of which Financial charges: -€20,659
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 | €3,892,799 | €3,570,805 | -€321,994 | -8.3% |
| Fixed assets | 21/28 | €1,252,637 | €1,205,069 | -€47,569 | -3.8% |
| Tangible fixed assets | 22/27 | €48,412 | €844 | -€47,569 | -98.3% |
| Land and buildings | 22 | €41,557 | - | -€41,557 | |
| Plant, machinery and equipment | 23 | €1,017 | - | -€1,017 | |
| Furniture and vehicles | 24 | €5,423 | €627 | -€4,796 | -88.4% |
| Other tangible fixed assets | 26 | €415 | €217 | -€198 | -47.7% |
| Financial fixed assets | 28 | €1,204,225 | €1,204,225 | = | 0.0% |
| Current assets | 29/58 | €2,640,162 | €2,365,736 | -€274,426 | -10.4% |
| Amounts receivable within one year | 40/41 | €5,465 | €11,556 | +€6,091 | +111% |
| Trade receivables | 40 | €217 | €7,660 | +€7,443 | +3,424% |
| Other amounts receivable | 41 | €5,248 | €3,896 | -€1,352 | -25.8% |
| Current investments | 50/53 | €1,000,305 | €2,180,868 | +€1.2m | +118% |
| Cash at bank and in hand | 54/58 | €1,626,723 | €168,469 | -€1.5m | -89.6% |
| Deferred charges and accrued income | 490/1 | €7,669 | €4,842 | -€2,826 | -36.9% |
| Total equity and liabilities | 10/49 | €3,892,799 | €3,570,805 | -€321,994 | -8.3% |
| Equity | 10/15 | €3,817,528 | €3,370,899 | -€446,629 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,807,860 | €3,343,728 | +€1.5m | +85.0% |
| Non-distributable reserves | 130/1 | €1,860 | €2,180,868 | +€2.2m | +117,151% |
| Reserves not available under the articles | 1311 | €1,860 | €2,180,868 | +€2.2m | +117,151% |
| Distributable reserves | 133 | €1,806,000 | €1,162,860 | -€643,140 | -35.6% |
| Profit (loss) carried forward | 14 | €1,991,068 | €8,571 | -€2.0m | -99.6% |
| Amounts payable | 17/49 | €75,271 | €199,905 | +€124,634 | +166% |
| Amounts payable within one year | 42/48 | €74,311 | €199,030 | +€124,719 | +168% |
| Financial debts | 43 | €16,984 | - | -€16,984 | |
| Credit institutions | 430/8 | €16,984 | - | -€16,984 | |
| Trade debts | 44 | €2,549 | €73,699 | +€71,150 | +2,792% |
| Suppliers | 440/4 | €2,549 | €73,699 | +€71,150 | +2,792% |
| Taxes, remuneration and social security | 45 | €54,779 | €68,241 | +€13,463 | +24.6% |
| Taxes | 450/3 | €32,458 | €39,412 | +€6,955 | +21.4% |
| Remuneration and social security | 454/9 | €22,321 | €28,829 | +€6,508 | +29.2% |
| Other amounts payable | 47/48 | - | €57,090 | +€57,090 | |
| Accrued charges and deferred income | 492/3 | €960 | €876 | -€85 | -8.8% |
| Non-recurring operating income | 76A | - | €376 | +€376 | |
| Remuneration, social security and pensions | 62 | €60,664 | €168,794 | +€108,130 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,237 | €4,994 | -€3,243 | -39.4% |
| Other operating charges | 640/8 | €3,441 | €2,663 | -€778 | -22.6% |
| Gross operating margin | 9900 | €241,447 | €168,236 | -€73,211 | -30.3% |
| Operating profit (loss) | 9901 | €169,105 | -€8,215 | -€177,320 | |
| Financial income | 75/76B | €1,738,444 | €6,440 | -€1.7m | -99.6% |
| Recurring financial income | 75 | €1,738,444 | €6,440 | -€1.7m | -99.6% |
| Financial charges | 65/66B | €22,417 | €1,576 | -€20,841 | -93.0% |
| Recurring financial charges | 65 | €22,235 | €1,576 | -€20,659 | -92.9% |
| Non-recurring financial charges | 66B | €183 | - | -€183 | |
| Profit (loss) for the period before taxes | 9903 | €1,885,132 | -€3,351 | -€1.9m | |
| Income taxes | 67/77 | €56,576 | -€11,722 | -€68,298 | |
| Profit (loss) for the period | 9904 | €1,828,557 | €8,371 | -€1.8m | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,828,557 | €8,371 | -€1.8m | -99.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.