J&L GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Receivables within one year +€126,723
up €126,723 (+366.3%), from €34,597 to €161,320
of which Trade receivables: +€126,587
- Tangible fixed assets +€32,749
up €32,749 (+52.4%), from €62,503 to €95,252
- Cash -€5,184
down €5,184 (-53.6%), from €9,673 to €4,488
mainly Receivables within one year (-€126,723) and Investment in fixed assets (net) (-€74,450)
- Trade debts +€94,007
up €94,007 (+401.1%), from €23,440 to €117,447
- Profit (loss) carried forward +€41,177
up €41,177 (+98.3%), from €41,883 to €83,060
- Tax, wage and social debts +€15,757
up €15,757 (+82.7%), from €19,046 to €34,803
- Advances received -€12,521
no longer reported in 2025 (was €12,521)
- Accrued charges and deferred income +€7,106
new in 2025: €7,106
- Gross operating margin +€33,445
up €33,445 (+44.5%), from €75,211 to €108,656
- Depreciation +€13,204
up €13,204 (+46.3%), from €28,497 to €41,701
- Other operating charges +€7,395
up €7,395 (+264.4%), from €2,797 to €10,192
- Taxes +€4,731
up €4,731 (+50.1%), from €9,445 to €14,176
- Financial charges +€1,169
up €1,169 (+483.0%), from €242 to €1,412
of which Financial charges: +€1,169
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.
Cash bridge derived
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 | €108,877 | €261,060 | +€152,183 | +139.8% |
| Fixed assets | 21/28 | €62,503 | €95,252 | +€32,749 | +52.4% |
| Tangible fixed assets | 22/27 | €62,503 | €95,252 | +€32,749 | +52.4% |
| Furniture and vehicles | 24 | €62,503 | €95,252 | +€32,749 | +52.4% |
| Current assets | 29/58 | €46,374 | €165,808 | +€119,434 | +257.5% |
| Amounts receivable within one year | 40/41 | €34,597 | €161,320 | +€126,723 | +366.3% |
| Trade receivables | 40 | €34,597 | €161,183 | +€126,587 | +365.9% |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €9,673 | €4,488 | -€5,184 | -53.6% |
| Deferred charges and accrued income | 490/1 | €2,105 | - | -€2,105 | |
| Total equity and liabilities | 10/49 | €108,877 | €261,060 | +€152,183 | +139.8% |
| Equity | 10/15 | €43,883 | €85,060 | +€41,177 | +93.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,883 | €83,060 | +€41,177 | +98.3% |
| Amounts payable | 17/49 | €64,994 | €176,000 | +€111,006 | +170.8% |
| Amounts payable within one year | 42/48 | €64,994 | €168,894 | +€103,900 | +159.9% |
| Trade debts | 44 | €23,440 | €117,447 | +€94,007 | +401.1% |
| Suppliers | 440/4 | €23,440 | €117,447 | +€94,007 | +401.1% |
| Advances received on contracts in progress | 46 | €12,521 | - | -€12,521 | |
| Taxes, remuneration and social security | 45 | €19,046 | €34,803 | +€15,757 | +82.7% |
| Taxes | 450/3 | €19,046 | €34,803 | +€15,757 | +82.7% |
| Other amounts payable | 47/48 | €9,988 | €16,645 | +€6,657 | +66.6% |
| Accrued charges and deferred income | 492/3 | - | €7,106 | +€7,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,497 | €41,701 | +€13,204 | +46.3% |
| Other operating charges | 640/8 | €2,797 | €10,192 | +€7,395 | +264.4% |
| Gross operating margin | 9900 | €75,211 | €108,656 | +€33,445 | +44.5% |
| Operating profit (loss) | 9901 | €43,917 | €56,763 | +€12,846 | +29.3% |
| Financial income | 75/76B | €3 | €1 | -€2 | -62.5% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -62.5% |
| Non-recurring financial income | 76B | €3 | €1 | -€2 | -62.5% |
| Financial charges | 65/66B | €242 | €1,412 | +€1,169 | +483.0% |
| Recurring financial charges | 65 | €242 | €1,412 | +€1,169 | +483.0% |
| Non-recurring financial charges | 66B | €242 | €1,412 | +€1,169 | +483.0% |
| Profit (loss) for the period before taxes | 9903 | €43,678 | €55,353 | +€11,674 | +26.7% |
| Income taxes | 67/77 | €9,445 | €14,176 | +€4,731 | +50.1% |
| Profit (loss) for the period | 9904 | €34,234 | €41,177 | +€6,943 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,234 | €41,177 | +€6,943 | +20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.