J2L: 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.
J2L
Largest movements
- Receivables after one year +€42,000
new in 2025: €42,000
- Tangible fixed assets -€13,326
down €13,326 (-36.2%), from €36,784 to €23,458
of which Furniture and vehicles: -€10,354
- Cash +€9,356
up €9,356 (+368.9%), from €2,536 to €11,893
mainly Net result for the year (+€34,648) and Advances received (+€23,500)
- Receivables within one year +€2,277
up €2,277 (+13.2%), from €17,197 to €19,474
of which Other amounts receivable: +€17,780
- Financial fixed assets -€1,390
down €1,390 (-9.2%), from €15,140 to €13,750
- Reserves +€34,648
up €34,648 (+135.9%), from €25,501 to €60,149
- Advances received +€23,500
new in 2025: €23,500
- Other debts -€14,742
down €14,742 (-100.0%), from €14,742 to €0
- Tax, wage and social debts +€13,353
up €13,353 (+760.4%), from €1,756 to €15,109
- Current portion of long-term debt -€9,469
down €9,469 (-78.9%), from €12,000 to €2,531
- Gross operating margin +€75,482
up €75,482 (+137.9%), from €54,754 to €130,236
- Write-downs +€59,770
new in 2025: €59,770
- Taxes +€5,613
up €5,613 (+40.8%), from €13,756 to €19,369
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 | €72,120 | €111,077 | +€38,956 | +54.0% |
| Fixed assets | 21/28 | €51,924 | €37,208 | -€14,716 | -28.3% |
| Tangible fixed assets | 22/27 | €36,784 | €23,458 | -€13,326 | -36.2% |
| Plant, machinery and equipment | 23 | €4,858 | €1,886 | -€2,973 | -61.2% |
| Furniture and vehicles | 24 | €31,926 | €21,572 | -€10,354 | -32.4% |
| Financial fixed assets | 28 | €15,140 | €13,750 | -€1,390 | -9.2% |
| Current assets | 29/58 | €20,197 | €73,869 | +€53,672 | +265.8% |
| Amounts receivable after more than one year | 29 | - | €42,000 | +€42,000 | |
| Other amounts receivable | 291 | - | €42,000 | +€42,000 | |
| Amounts receivable within one year | 40/41 | €17,197 | €19,474 | +€2,277 | +13.2% |
| Trade receivables | 40 | €15,503 | €0 | -€15,503 | -100.0% |
| Other amounts receivable | 41 | €1,694 | €19,474 | +€17,780 | +1049.8% |
| Cash at bank and in hand | 54/58 | €2,536 | €11,893 | +€9,356 | +368.9% |
| Deferred charges and accrued income | 490/1 | €464 | €503 | +€39 | +8.4% |
| Total equity and liabilities | 10/49 | €72,120 | €111,077 | +€38,956 | +54.0% |
| Equity | 10/15 | €31,701 | €66,349 | +€34,648 | +109.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,501 | €60,149 | +€34,648 | +135.9% |
| Distributable reserves | 133 | €25,501 | €60,149 | +€34,648 | +135.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €40,420 | €44,728 | +€4,308 | +10.7% |
| Amounts payable after more than one year | 17 | €9,450 | €0 | -€9,450 | -100.0% |
| Financial debts | 170/4 | €9,450 | €0 | -€9,450 | -100.0% |
| Amounts payable within one year | 42/48 | €30,970 | €44,728 | +€13,758 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €2,531 | -€9,469 | -78.9% |
| Trade debts | 44 | €2,472 | €3,588 | +€1,116 | +45.2% |
| Suppliers | 440/4 | €2,472 | €3,588 | +€1,116 | +45.2% |
| Advances received on contracts in progress | 46 | - | €23,500 | +€23,500 | |
| Taxes, remuneration and social security | 45 | €1,756 | €15,109 | +€13,353 | +760.4% |
| Taxes | 450/3 | €1,756 | €15,109 | +€13,353 | +760.4% |
| Other amounts payable | 47/48 | €14,742 | €0 | -€14,742 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,801 | €14,708 | -€93 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €59,770 | +€59,770 | |
| Other operating charges | 640/8 | €754 | €1,137 | +€383 | +50.9% |
| Gross operating margin | 9900 | €54,754 | €130,236 | +€75,482 | +137.9% |
| Operating profit (loss) | 9901 | €39,199 | €54,622 | +€15,422 | +39.3% |
| Financial income | 75/76B | €0 | €65 | +€65 | |
| Recurring financial income | 75 | €0 | €65 | +€65 | |
| Financial charges | 65/66B | €261 | €669 | +€408 | +156.1% |
| Recurring financial charges | 65 | €261 | €669 | +€408 | +156.1% |
| Profit (loss) for the period before taxes | 9903 | €38,938 | €54,017 | +€15,079 | +38.7% |
| Income taxes | 67/77 | €13,756 | €19,369 | +€5,613 | +40.8% |
| Profit (loss) for the period | 9904 | €25,182 | €34,648 | +€9,466 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,182 | €34,648 | +€9,466 | +37.6% |
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.