JAL: 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.
JAL
Largest movements
- Cash +€27,493
up €27,493 (+173.7%), from €15,827 to €43,319
mainly Net result for the year (+€70,843) and Depreciation (+€25,108)
- Tangible fixed assets -€19,800
down €19,800 (-3.2%), from €627,949 to €608,149
of which Land and buildings: -€23,886
- Reserves +€70,843
up €70,843 (+16.7%), from €424,845 to €495,688
of which Distributable reserves: +€70,843
- Debts after one year -€56,046
down €56,046 (-16.7%), from €334,921 to €278,875
- Financial income -€39,926
down €39,926 (-100.0%), from €39,926 to €0
- Gross operating margin +€30,735
up €30,735 (+28.2%), from €109,029 to €139,763
- Taxes +€8,824
up €8,824 (+36.2%), from €24,346 to €33,169
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 | €1,021,151 | €1,037,666 | +€16,515 | +1.6% |
| Fixed assets | 21/28 | €976,449 | €956,649 | -€19,800 | -2.0% |
| Tangible fixed assets | 22/27 | €627,949 | €608,149 | -€19,800 | -3.2% |
| Land and buildings | 22 | €627,498 | €603,612 | -€23,886 | -3.8% |
| Furniture and vehicles | 24 | €451 | €4,537 | +€4,085 | +905.1% |
| Financial fixed assets | 28 | €348,500 | €348,500 | = | 0.0% |
| Current assets | 29/58 | €44,702 | €81,017 | +€36,316 | +81.2% |
| Amounts receivable within one year | 40/41 | €28,791 | €37,576 | +€8,785 | +30.5% |
| Other amounts receivable | 41 | €28,791 | €37,576 | +€8,785 | +30.5% |
| Cash at bank and in hand | 54/58 | €15,827 | €43,319 | +€27,493 | +173.7% |
| Deferred charges and accrued income | 490/1 | €84 | €123 | +€38 | +45.5% |
| Total equity and liabilities | 10/49 | €1,021,151 | €1,037,666 | +€16,515 | +1.6% |
| Equity | 10/15 | €485,808 | €556,651 | +€70,843 | +14.6% |
| Contributions | 10/11 | €60,963 | €60,963 | = | 0.0% |
| Reserves | 13 | €424,845 | €495,688 | +€70,843 | +16.7% |
| Tax-exempt reserves | 132 | €380 | €380 | = | 0.0% |
| Distributable reserves | 133 | €424,465 | €495,308 | +€70,843 | +16.7% |
| Amounts payable | 17/49 | €535,343 | €481,015 | -€54,328 | -10.1% |
| Amounts payable after more than one year | 17 | €334,921 | €278,875 | -€56,046 | -16.7% |
| Financial debts | 170/4 | €334,921 | €278,875 | -€56,046 | -16.7% |
| Amounts payable within one year | 42/48 | €190,800 | €192,206 | +€1,406 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €62,950 | €56,046 | -€6,904 | -11.0% |
| Financial debts | 43 | €12,463 | €13,288 | +€824 | +6.6% |
| Credit institutions | 430/8 | €12,463 | €13,288 | +€824 | +6.6% |
| Trade debts | 44 | €715 | €906 | +€191 | +26.7% |
| Suppliers | 440/4 | €715 | €906 | +€191 | +26.7% |
| Taxes, remuneration and social security | 45 | €4,527 | €11,574 | +€7,047 | +155.7% |
| Taxes | 450/3 | €4,527 | €11,574 | +€7,047 | +155.7% |
| Other amounts payable | 47/48 | €110,144 | €110,393 | +€249 | +0.2% |
| Accrued charges and deferred income | 492/3 | €9,622 | €9,934 | +€312 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,171 | €25,108 | -€63 | -0.3% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €109,029 | €139,763 | +€30,735 | +28.2% |
| Operating profit (loss) | 9901 | €82,764 | €113,529 | +€30,765 | +37.2% |
| Financial income | 75/76B | €39,926 | €0 | -€39,926 | -100.0% |
| Recurring financial income | 75 | €39,926 | €0 | -€39,926 | -100.0% |
| Financial charges | 65/66B | €9,118 | €9,516 | +€398 | +4.4% |
| Recurring financial charges | 65 | €9,118 | €9,516 | +€398 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €113,573 | €104,013 | -€9,560 | -8.4% |
| Income taxes | 67/77 | €24,346 | €33,169 | +€8,824 | +36.2% |
| Profit (loss) for the period | 9904 | €89,227 | €70,843 | -€18,384 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,227 | €70,843 | -€18,384 | -20.6% |
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 2 October 2026 via checked.be.