J.L.G.: 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.G.
Largest movements
- Stocks and contracts +€54,786
up €54,786 (+140%), from €39,161 to €93,947
- Receivables within one year -€12,767
down €12,767 (-33.3%), from €38,369 to €25,601
of which Trade receivables: -€16,318
- Tangible fixed assets -€5,898
down €5,898 (-3.8%), from €153,724 to €147,826
of which Land and buildings: -€5,898
- Profit (loss) carried forward +€39,712
up €39,712 (+14.9%), from -€267,377 to -€227,666
- Tax, wage and social debts +€29,993
up €29,993 (+357%), from €8,401 to €38,394
- Debts after one year -€25,052
down €25,052 (-29.1%), from €86,031 to €60,979
- Trade debts -€10,893
down €10,893 (-70.8%), from €15,395 to €4,502
- Other debts +€10,610
up €10,610 (+6.4%), from €165,420 to €176,030
- Gross operating margin +€157,856
up €157,856, from -€94,433 to €63,423
- Purchases and services -€148,980
down €148,980 (-59.0%), from €252,561 to €103,581
- Turnover +€15,469
up €15,469 (+10.3%), from €150,158 to €165,626
- Financial charges -€4,526
down €4,526 (-31.6%), from €14,345 to €9,819
- Other operating charges -€3,616
down €3,616 (-43.8%), from €8,254 to €4,638
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 | €234,964 | €272,134 | +€37,170 | +15.8% |
| Fixed assets | 21/28 | €153,724 | €147,826 | -€5,898 | -3.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €153,724 | €147,826 | -€5,898 | -3.8% |
| Land and buildings | 22 | €153,724 | €147,826 | -€5,898 | -3.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €81,240 | €124,307 | +€43,067 | +53.0% |
| Stocks and contracts in progress | 3 | €39,161 | €93,947 | +€54,786 | +140% |
| Stocks | 30/36 | €39,161 | €93,947 | +€54,786 | +140% |
| Amounts receivable within one year | 40/41 | €38,369 | €25,601 | -€12,767 | -33.3% |
| Trade receivables | 40 | €16,318 | - | -€16,318 | |
| Other amounts receivable | 41 | €22,051 | €25,601 | +€3,551 | +16.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €160 | €1,209 | +€1,049 | +655% |
| Deferred charges and accrued income | 490/1 | €3,550 | €3,550 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €234,964 | €272,134 | +€37,170 | +15.8% |
| Equity | 10/15 | -€246,925 | -€207,214 | +€39,712 | +16.1% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,377 | -€227,666 | +€39,712 | +14.9% |
| Amounts payable | 17/49 | €481,889 | €479,347 | -€2,542 | -0.5% |
| Amounts payable after more than one year | 17 | €86,031 | €60,979 | -€25,052 | -29.1% |
| Financial debts | 170/4 | €86,031 | €60,979 | -€25,052 | -29.1% |
| Amounts payable within one year | 42/48 | €393,358 | €418,368 | +€25,009 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,242 | +€4,242 | |
| Financial debts | 43 | €26,984 | €18,042 | -€8,942 | -33.1% |
| Credit institutions | 430/8 | €26,984 | €18,042 | -€8,942 | -33.1% |
| Trade debts | 44 | €15,395 | €4,502 | -€10,893 | -70.8% |
| Suppliers | 440/4 | €15,395 | €4,502 | -€10,893 | -70.8% |
| Advances received on contracts in progress | 46 | €177,157 | €177,157 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,401 | €38,394 | +€29,993 | +357% |
| Taxes | 450/3 | €8,401 | €38,394 | +€29,993 | +357% |
| Other amounts payable | 47/48 | €165,420 | €176,030 | +€10,610 | +6.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Turnover | 70 | €150,158 | €165,626 | +€15,469 | +10.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €252,561 | €103,581 | -€148,980 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,278 | €5,898 | -€380 | -6.1% |
| Other operating charges | 640/8 | €8,254 | €4,638 | -€3,616 | -43.8% |
| Gross operating margin | 9900 | -€94,433 | €63,423 | +€157,856 | |
| Operating profit (loss) | 9901 | -€108,965 | €52,887 | +€161,852 | |
| Financial charges | 65/66B | €14,345 | €9,819 | -€4,526 | -31.6% |
| Recurring financial charges | 65 | €14,345 | €9,819 | -€4,526 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€123,309 | €43,069 | +€166,378 | |
| Profit (loss) for the period | 9904 | -€123,309 | €43,069 | +€166,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,309 | €43,069 | +€166,378 |
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 18 October 2026 via checked.be.