J2LV: 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.
J2LV
Largest movements
- Receivables within one year -€9,412
down €9,412 (-46.1%), from €20,422 to €11,010
of which Trade receivables: -€10,490
- Cash -€5,294
down €5,294 (-7.3%), from €72,533 to €67,239
mainly Trade debts (-€20,161) and Investment in fixed assets (net) (-€5,060)
- Tangible fixed assets +€3,340
up €3,340 (+563%), from €593 to €3,934
of which Plant, machinery and equipment: +€3,934
- Deferred charges and accrued income +€1,002
up €1,002 (+179%), from €560 to €1,561
- Trade debts -€20,161
down €20,161 (-99.5%), from €20,267 to €105
- Reserves +€8,468
up €8,468 (+17.5%), from €48,517 to €56,985
- Other debts +€1,000
up €1,000 (+14.9%), from €6,725 to €7,725
- Gross operating margin -€10,550
down €10,550 (-42.2%), from €24,992 to €14,442
- Taxes -€2,282
down €2,282 (-40.7%), from €5,612 to €3,329
- Depreciation +€1,092
up €1,092 (+174%), from €627 to €1,720
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 | €94,108 | €83,744 | -€10,364 | -11.0% |
| Fixed assets | 21/28 | €593 | €3,934 | +€3,340 | +563% |
| Tangible fixed assets | 22/27 | €593 | €3,934 | +€3,340 | +563% |
| Plant, machinery and equipment | 23 | €0 | €3,934 | +€3,934 | |
| Furniture and vehicles | 24 | €593 | €0 | -€593 | -100% |
| Current assets | 29/58 | €93,515 | €79,810 | -€13,704 | -14.7% |
| Amounts receivable within one year | 40/41 | €20,422 | €11,010 | -€9,412 | -46.1% |
| Trade receivables | 40 | €18,785 | €8,295 | -€10,490 | -55.8% |
| Other amounts receivable | 41 | €1,637 | €2,716 | +€1,079 | +65.9% |
| Cash at bank and in hand | 54/58 | €72,533 | €67,239 | -€5,294 | -7.3% |
| Deferred charges and accrued income | 490/1 | €560 | €1,561 | +€1,002 | +179% |
| Total equity and liabilities | 10/49 | €94,108 | €83,744 | -€10,364 | -11.0% |
| Equity | 10/15 | €67,117 | €75,585 | +€8,468 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,517 | €56,985 | +€8,468 | +17.5% |
| Distributable reserves | 133 | €48,517 | €56,985 | +€8,468 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,991 | €8,159 | -€18,832 | -69.8% |
| Amounts payable within one year | 42/48 | €26,991 | €8,159 | -€18,832 | -69.8% |
| Trade debts | 44 | €20,267 | €105 | -€20,161 | -99.5% |
| Suppliers | 440/4 | €20,267 | €105 | -€20,161 | -99.5% |
| Taxes, remuneration and social security | 45 | €0 | €329 | +€329 | |
| Taxes | 450/3 | - | €329 | +€329 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,725 | €7,725 | +€1,000 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €1,720 | +€1,092 | +174% |
| Other operating charges | 640/8 | €651 | €689 | +€38 | +5.8% |
| Gross operating margin | 9900 | €24,992 | €14,442 | -€10,550 | -42.2% |
| Operating profit (loss) | 9901 | €23,713 | €12,033 | -€11,680 | -49.3% |
| Financial charges | 65/66B | €218 | €236 | +€18 | +8.3% |
| Recurring financial charges | 65 | €218 | €236 | +€18 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €23,495 | €11,797 | -€11,698 | -49.8% |
| Income taxes | 67/77 | €5,612 | €3,329 | -€2,282 | -40.7% |
| Profit (loss) for the period | 9904 | €17,884 | €8,468 | -€9,416 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,884 | €8,468 | -€9,416 | -52.7% |
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 13 October 2026 via checked.be.