J.L.- CONCEPT: 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.- CONCEPT
Largest movements
- Stocks and contracts -€5,000
down €5,000 (-28.4%), from €17,603 to €12,603
- Cash +€3,282
up €3,282, from €0 to €3,282
mainly Net result for the year (+€24,119) and Stocks and contracts (+€5,000)
- Tangible fixed assets -€1,240
down €1,240 (-35.4%), from €3,505 to €2,265
of which Furniture and vehicles: -€2,260
- Profit (loss) carried forward +€24,119
up €24,119, from -€10,789 to €13,330
- Short-term financial debts -€12,817
no longer reported in 2025 (was €12,817)
- Tax, wage and social debts -€10,869
down €10,869 (-54.0%), from €20,123 to €9,255
of which Taxes: -€10,876
- Trade debts -€2,779
down €2,779 (-58.7%), from €4,738 to €1,959
- Other operating charges -€19,990
down €19,990 (-96.4%), from €20,747 to €757
- Gross operating margin +€10,089
up €10,089 (+36.3%), from €27,787 to €37,875
- Financial charges -€5,666
down €5,666 (-50.7%), from €11,171 to €5,505
- Taxes +€4,457
up €4,457 (+174%), from €2,557 to €7,014
- Write-downs -€3,106
no longer reported in 2025 (was €3,106)
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 | €117,447 | €115,229 | -€2,218 | -1.9% |
| Fixed assets | 21/28 | €5,105 | €3,865 | -€1,240 | -24.3% |
| Tangible fixed assets | 22/27 | €3,505 | €2,265 | -€1,240 | -35.4% |
| Land and buildings | 22 | €1,060 | €795 | -€265 | -25.0% |
| Plant, machinery and equipment | 23 | €185 | €1,470 | +€1,285 | +694% |
| Furniture and vehicles | 24 | €2,260 | €0 | -€2,260 | -100% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €112,341 | €111,364 | -€978 | -0.9% |
| Stocks and contracts in progress | 3 | €17,603 | €12,603 | -€5,000 | -28.4% |
| Stocks | 30/36 | €17,603 | €12,603 | -€5,000 | -28.4% |
| Amounts receivable within one year | 40/41 | €94,388 | €95,128 | +€740 | +0.8% |
| Trade receivables | 40 | €88,626 | €93,799 | +€5,173 | +5.8% |
| Other amounts receivable | 41 | €5,762 | €1,329 | -€4,433 | -76.9% |
| Cash at bank and in hand | 54/58 | €0 | €3,282 | +€3,282 | |
| Deferred charges and accrued income | 490/1 | €351 | €351 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €117,447 | €115,229 | -€2,218 | -1.9% |
| Equity | 10/15 | €41,886 | €66,005 | +€24,119 | +57.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €32,215 | €32,215 | = | 0.0% |
| Distributable reserves | 133 | €32,215 | €32,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,789 | €13,330 | +€24,119 | |
| Amounts payable | 17/49 | €75,561 | €49,224 | -€26,337 | -34.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,561 | €14,224 | -€26,337 | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €2,256 | €1,993 | -€262 | -11.6% |
| Financial debts | 43 | €12,817 | - | -€12,817 | |
| Credit institutions | 430/8 | €12,817 | - | -€12,817 | |
| Trade debts | 44 | €4,738 | €1,959 | -€2,779 | -58.7% |
| Suppliers | 440/4 | €4,738 | €1,959 | -€2,779 | -58.7% |
| Taxes, remuneration and social security | 45 | €20,123 | €9,255 | -€10,869 | -54.0% |
| Taxes | 450/3 | €20,123 | €9,248 | -€10,876 | -54.0% |
| Remuneration and social security | 454/9 | - | €7 | +€7 | |
| Other amounts payable | 47/48 | €628 | €1,016 | +€389 | +62.0% |
| Non-recurring operating income | 76A | - | €11,792 | +€11,792 | |
| Remuneration, social security and pensions | 62 | €501 | - | -€501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €480 | -€788 | -62.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,106 | - | -€3,106 | |
| Other operating charges | 640/8 | €20,747 | €757 | -€19,990 | -96.4% |
| Gross operating margin | 9900 | €27,787 | €37,875 | +€10,089 | +36.3% |
| Operating profit (loss) | 9901 | €2,163 | €36,638 | +€34,475 | +1,594% |
| Financial income | 75/76B | €775 | - | -€775 | |
| Recurring financial income | 75 | €775 | - | -€775 | |
| Financial charges | 65/66B | €11,171 | €5,505 | -€5,666 | -50.7% |
| Recurring financial charges | 65 | €11,171 | €5,505 | -€5,666 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,233 | €31,133 | +€39,366 | |
| Income taxes | 67/77 | €2,557 | €7,014 | +€4,457 | +174% |
| Profit (loss) for the period | 9904 | -€10,789 | €24,119 | +€34,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,789 | €24,119 | +€34,909 |
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 18 October 2026 via checked.be.