J.L.D.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.D.C.
Largest movements
- Tangible fixed assets -€9,886
down €9,886 (-41.4%), from €23,887 to €14,001
of which Furniture and vehicles: -€8,855
- Receivables within one year -€8,718
down €8,718 (-16.3%), from €53,364 to €44,647
of which Other amounts receivable: -€11,463
- Cash -€3,397
no longer reported in 2025 (was €3,397)
mainly Provisions (-€47,239) and Trade debts (-€8,922)
- Reserves -€75,065
down €75,065 (-45.3%), from €165,680 to €90,615
of which Tax-exempt reserves: -€141,718
- Profit (loss) carried forward +€67,765
no longer reported in 2025 (was -€67,765)
- Tax, wage and social debts +€51,784
up €51,784 (+1,395%), from €3,711 to €55,496
- Provisions -€47,239
no longer reported in 2025 (was €47,239)
- Trade debts -€8,922
down €8,922 (-74.5%), from €11,983 to €3,061
- Taxes +€49,518
up €49,518 (+35,492%), from €140 to €49,658
- Financial income +€1,445
up €1,445 (+64.9%), from €2,225 to €3,670
- Gross operating margin +€774
up €774 (+24.6%), from €3,148 to €3,922
- Financial charges -€666
down €666 (-28.6%), from €2,327 to €1,661
of which Financial charges: -€404
- Depreciation -€356
down €356 (-3.5%), from €10,241 to €9,886
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 | €207,386 | €188,395 | -€18,991 | -9.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €79,887 | €70,001 | -€9,886 | -12.4% |
| Tangible fixed assets | 22/27 | €23,887 | €14,001 | -€9,886 | -41.4% |
| Plant, machinery and equipment | 23 | €2,231 | €1,201 | -€1,031 | -46.2% |
| Furniture and vehicles | 24 | €21,655 | €12,800 | -€8,855 | -40.9% |
| Financial fixed assets | 28 | €56,000 | €56,000 | = | 0.0% |
| Current assets | 29/58 | €127,499 | €118,394 | -€9,105 | -7.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €71,400 | +€1,400 | +2.0% |
| Other amounts receivable | 291 | €70,000 | €71,400 | +€1,400 | +2.0% |
| Amounts receivable within one year | 40/41 | €53,364 | €44,647 | -€8,718 | -16.3% |
| Trade receivables | 40 | €8,698 | €11,444 | +€2,746 | +31.6% |
| Other amounts receivable | 41 | €44,666 | €33,203 | -€11,463 | -25.7% |
| Cash at bank and in hand | 54/58 | €3,397 | - | -€3,397 | |
| Deferred charges and accrued income | 490/1 | €738 | €2,347 | +€1,609 | +218% |
| Total equity and liabilities | 10/49 | €207,386 | €188,395 | -€18,991 | -9.2% |
| Equity | 10/15 | €117,915 | €110,615 | -€7,300 | -6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €165,680 | €90,615 | -€75,065 | -45.3% |
| Tax-exempt reserves | 132 | €141,718 | - | -€141,718 | |
| Distributable reserves | 133 | €23,962 | €90,615 | +€66,653 | +278% |
| Profit (loss) carried forward | 14 | -€67,765 | - | +€67,765 | |
| Provisions and deferred taxes | 16 | €47,239 | - | -€47,239 | |
| Deferred taxes | 168 | €47,239 | - | -€47,239 | |
| Amounts payable | 17/49 | €42,232 | €77,780 | +€35,548 | +84.2% |
| Amounts payable after more than one year | 17 | €18,630 | €10,295 | -€8,335 | -44.7% |
| Financial debts | 170/4 | €18,630 | €10,295 | -€8,335 | -44.7% |
| Amounts payable within one year | 42/48 | €23,602 | €67,486 | +€43,883 | +186% |
| Current portion of amounts payable after more than one year | 42 | €7,908 | €8,916 | +€1,008 | +12.7% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €11,983 | €3,061 | -€8,922 | -74.5% |
| Suppliers | 440/4 | €11,983 | €3,061 | -€8,922 | -74.5% |
| Taxes, remuneration and social security | 45 | €3,711 | €55,496 | +€51,784 | +1,395% |
| Taxes | 450/3 | €3,711 | €55,496 | +€51,784 | +1,395% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,241 | €9,886 | -€356 | -3.5% |
| Other operating charges | 640/8 | €676 | €926 | +€251 | +37.1% |
| Non-recurring operating charges | 66A | €1,166 | - | -€1,166 | |
| Gross operating margin | 9900 | €3,148 | €3,922 | +€774 | +24.6% |
| Operating profit (loss) | 9901 | -€8,936 | -€6,891 | +€2,045 | +22.9% |
| Financial income | 75/76B | €2,225 | €3,670 | +€1,445 | +64.9% |
| Recurring financial income | 75 | €2,225 | €3,670 | +€1,445 | +64.9% |
| Financial charges | 65/66B | €2,327 | €1,661 | -€666 | -28.6% |
| Recurring financial charges | 65 | €2,065 | €1,661 | -€404 | -19.6% |
| Non-recurring financial charges | 66B | €262 | - | -€262 | |
| Profit (loss) for the period before taxes | 9903 | -€9,037 | -€4,882 | +€4,156 | +46.0% |
| Transfer from deferred taxes | 780 | €63 | €47,239 | +€47,177 | +75,446% |
| Income taxes | 67/77 | €140 | €49,658 | +€49,518 | +35,492% |
| Profit (loss) for the period | 9904 | -€9,114 | -€7,300 | +€1,814 | +19.9% |
| Transfer from tax-exempt reserves | 789 | €188 | €141,718 | +€141,530 | +75,447% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,927 | €134,418 | +€143,344 |
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 28 October 2026 via checked.be.