JAL & Co: 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.
JAL & Co
Largest movements
- Tangible fixed assets +€173,552
up €173,552 (+41.9%), from €414,360 to €587,912
of which Land and buildings: +€215,649
- Receivables within one year +€16,521
up €16,521 (+12.5%), from €132,441 to €148,963
of which Other amounts receivable: +€37,202
- Cash +€14,336
up €14,336 (+9.9%), from €144,404 to €158,740
mainly Debts after one year (+€265,880) and Net result for the year (+€149,205)
- Debts after one year +€265,880
up €265,880 (+312%), from €85,308 to €351,188
- Trade debts -€250,133
down €250,133 (-89.1%), from €280,681 to €30,548
- Other debts +€149,205
new in 2025: €149,205
- Current portion of long-term debt +€48,700
up €48,700 (+183%), from €26,589 to €75,289
- Gross operating margin +€59,920
up €59,920 (+24.7%), from €242,713 to €302,633
- Depreciation -€16,772
down €16,772 (-25.3%), from €66,279 to €49,507
- Financial charges +€11,430
up €11,430 (+494%), from €2,312 to €13,742
- Taxes +€6,748
up €6,748 (+17.0%), from €39,602 to €46,350
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 | €709,355 | €915,203 | +€205,848 | +29.0% |
| Fixed assets | 21/28 | €414,360 | €587,912 | +€173,552 | +41.9% |
| Tangible fixed assets | 22/27 | €414,360 | €587,912 | +€173,552 | +41.9% |
| Land and buildings | 22 | €280,314 | €495,962 | +€215,649 | +76.9% |
| Furniture and vehicles | 24 | €129,117 | €87,596 | -€41,521 | -32.2% |
| Other tangible fixed assets | 26 | €4,928 | €4,353 | -€576 | -11.7% |
| Current assets | 29/58 | €294,995 | €327,291 | +€32,296 | +10.9% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Trade receivables | 290 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,441 | €148,963 | +€16,521 | +12.5% |
| Trade receivables | 40 | €33,816 | €13,135 | -€20,680 | -61.2% |
| Other amounts receivable | 41 | €98,625 | €135,827 | +€37,202 | +37.7% |
| Cash at bank and in hand | 54/58 | €144,404 | €158,740 | +€14,336 | +9.9% |
| Deferred charges and accrued income | 490/1 | €3,150 | €4,589 | +€1,438 | +45.6% |
| Total equity and liabilities | 10/49 | €709,355 | €915,203 | +€205,848 | +29.0% |
| Equity | 10/15 | €277,275 | €277,275 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €275,275 | €275,275 | = | 0.0% |
| Distributable reserves | 133 | €275,275 | €275,275 | = | 0.0% |
| Amounts payable | 17/49 | €432,080 | €637,928 | +€205,848 | +47.6% |
| Amounts payable after more than one year | 17 | €85,308 | €351,188 | +€265,880 | +312% |
| Financial debts | 170/4 | €85,308 | €351,188 | +€265,880 | +312% |
| Amounts payable within one year | 42/48 | €346,772 | €286,740 | -€60,032 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €26,589 | €75,289 | +€48,700 | +183% |
| Trade debts | 44 | €280,681 | €30,548 | -€250,133 | -89.1% |
| Suppliers | 440/4 | €280,681 | €30,548 | -€250,133 | -89.1% |
| Taxes, remuneration and social security | 45 | €39,502 | €31,698 | -€7,805 | -19.8% |
| Taxes | 450/3 | €39,502 | €31,698 | -€7,805 | -19.8% |
| Other amounts payable | 47/48 | - | €149,205 | +€149,205 | |
| Remuneration, social security and pensions | 62 | €46,591 | €47,559 | +€968 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,279 | €49,507 | -€16,772 | -25.3% |
| Other operating charges | 640/8 | €1,445 | €3,871 | +€2,425 | +168% |
| Gross operating margin | 9900 | €242,713 | €302,633 | +€59,920 | +24.7% |
| Operating profit (loss) | 9901 | €128,398 | €201,697 | +€73,299 | +57.1% |
| Financial income | 75/76B | €5,021 | €7,601 | +€2,579 | +51.4% |
| Recurring financial income | 75 | €5,021 | €7,601 | +€2,579 | +51.4% |
| Financial charges | 65/66B | €2,312 | €13,742 | +€11,430 | +494% |
| Recurring financial charges | 65 | €2,312 | €13,742 | +€11,430 | +494% |
| Profit (loss) for the period before taxes | 9903 | €131,107 | €195,556 | +€64,449 | +49.2% |
| Income taxes | 67/77 | €39,602 | €46,350 | +€6,748 | +17.0% |
| Profit (loss) for the period | 9904 | €91,505 | €149,205 | +€57,700 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,505 | €149,205 | +€57,700 | +63.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.