J.L.S.: 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.S.
Largest movements
- Receivables within one year -€34,589
down €34,589 (-51.5%), from €67,097 to €32,509
of which Other amounts receivable: -€26,354
- Cash +€17,706
up €17,706 (+42.8%), from €41,321 to €59,028
mainly Receivables within one year (+€34,589) and Net result for the year (+€22,257)
- Tangible fixed assets -€5,701
down €5,701 (-6.4%), from €88,796 to €83,095
of which Land and buildings: -€2,961
- Other debts -€13,000
down €13,000 (-56.5%), from €23,000 to €10,000
- Debts after one year -€11,623
down €11,623 (-24.7%), from €46,970 to €35,347
- Reserves +€10,000
up €10,000 (+14.3%), from €70,000 to €80,000
- Tax, wage and social debts -€7,286
down €7,286 (-33.4%), from €21,838 to €14,553
of which Taxes: -€4,217
- Trade debts -€4,342
down €4,342 (-96.2%), from €4,512 to €170
- Gross operating margin -€47,558
down €47,558 (-50.2%), from €94,743 to €47,185
- Taxes -€11,010
down €11,010 (-56.4%), from €19,525 to €8,516
- Staff costs -€4,111
down €4,111 (-40.2%), from €10,235 to €6,124
- Depreciation +€2,590
up €2,590 (+48.2%), from €5,378 to €7,968
- Financial charges +€1,263
up €1,263 (+156%), from €812 to €2,075
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 | €207,376 | €183,802 | -€23,574 | -11.4% |
| Fixed assets | 21/28 | €89,081 | €83,095 | -€5,987 | -6.7% |
| Tangible fixed assets | 22/27 | €88,796 | €83,095 | -€5,701 | -6.4% |
| Land and buildings | 22 | €80,474 | €77,514 | -€2,961 | -3.7% |
| Plant, machinery and equipment | 23 | €4,340 | €2,553 | -€1,787 | -41.2% |
| Furniture and vehicles | 24 | €3,982 | €3,028 | -€954 | -24.0% |
| Financial fixed assets | 28 | €286 | - | -€286 | |
| Current assets | 29/58 | €118,294 | €100,707 | -€17,587 | -14.9% |
| Amounts receivable within one year | 40/41 | €67,097 | €32,509 | -€34,589 | -51.5% |
| Trade receivables | 40 | €36,360 | €28,125 | -€8,235 | -22.6% |
| Other amounts receivable | 41 | €30,738 | €4,384 | -€26,354 | -85.7% |
| Cash at bank and in hand | 54/58 | €41,321 | €59,028 | +€17,706 | +42.8% |
| Deferred charges and accrued income | 490/1 | €9,875 | €9,171 | -€705 | -7.1% |
| Total equity and liabilities | 10/49 | €207,376 | €183,802 | -€23,574 | -11.4% |
| Equity | 10/15 | €99,852 | €112,110 | +€12,257 | +12.3% |
| Reserves | 13 | €70,000 | €80,000 | +€10,000 | +14.3% |
| Distributable reserves | 133 | €70,000 | €80,000 | +€10,000 | +14.3% |
| Profit (loss) carried forward | 14 | €29,852 | €32,110 | +€2,257 | +7.6% |
| Amounts payable | 17/49 | €107,523 | €71,692 | -€35,831 | -33.3% |
| Amounts payable after more than one year | 17 | €46,970 | €35,347 | -€11,623 | -24.7% |
| Financial debts | 170/4 | €46,970 | €35,347 | -€11,623 | -24.7% |
| Amounts payable within one year | 42/48 | €60,554 | €36,345 | -€24,208 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €11,204 | €11,623 | +€419 | +3.7% |
| Trade debts | 44 | €4,512 | €170 | -€4,342 | -96.2% |
| Suppliers | 440/4 | €4,512 | €170 | -€4,342 | -96.2% |
| Taxes, remuneration and social security | 45 | €21,838 | €14,553 | -€7,286 | -33.4% |
| Taxes | 450/3 | €18,221 | €14,004 | -€4,217 | -23.1% |
| Remuneration and social security | 454/9 | €3,617 | €549 | -€3,068 | -84.8% |
| Other amounts payable | 47/48 | €23,000 | €10,000 | -€13,000 | -56.5% |
| Non-recurring operating income | 76A | - | €704 | +€704 | |
| Remuneration, social security and pensions | 62 | €10,235 | €6,124 | -€4,111 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,378 | €7,968 | +€2,590 | +48.2% |
| Other operating charges | 640/8 | €894 | €686 | -€208 | -23.3% |
| Non-recurring operating charges | 66A | €257 | €50 | -€207 | -80.4% |
| Gross operating margin | 9900 | €94,743 | €47,185 | -€47,558 | -50.2% |
| Operating profit (loss) | 9901 | €77,979 | €32,356 | -€45,623 | -58.5% |
| Financial income | 75/76B | €495 | €492 | -€3 | -0.6% |
| Recurring financial income | 75 | €495 | €492 | -€3 | -0.6% |
| Financial charges | 65/66B | €812 | €2,075 | +€1,263 | +156% |
| Recurring financial charges | 65 | €812 | €2,075 | +€1,263 | +156% |
| Profit (loss) for the period before taxes | 9903 | €77,662 | €30,773 | -€46,889 | -60.4% |
| Income taxes | 67/77 | €19,525 | €8,516 | -€11,010 | -56.4% |
| Profit (loss) for the period | 9904 | €58,137 | €22,257 | -€35,879 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,137 | €22,257 | -€35,879 | -61.7% |
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 16 October 2026 via checked.be.