JAL SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets +€73,100
up €73,100 (+2036.5%), from €3,590 to €76,689
- Receivables within one year -€25,412
down €25,412 (-61.9%), from €41,039 to €15,627
- Cash +€16,224
up €16,224 (+50.9%), from €31,889 to €48,112
mainly Net result for the year (+€71,958) and Debts after one year (+€37,626)
- Financial fixed assets +€13,307
up €13,307 (+14.4%), from €92,443 to €105,750
- Reserves +€41,647
up €41,647 (+14.9%), from €279,760 to €321,408
of which Distributable reserves: +€41,647
- Debts after one year +€37,626
new in 2025: €37,626
- Trade debts -€10,944
down €10,944 (-80.4%), from €13,614 to €2,670
- Current portion of long-term debt +€10,534
new in 2025: €10,534
- Tax, wage and social debts -€4,912
down €4,912 (-19.4%), from €25,270 to €20,359
of which Remuneration and social security: -€3,677
- Depreciation +€14,576
up €14,576 (+2559.5%), from €570 to €15,146
- Gross operating margin +€14,540
up €14,540 (+14.7%), from €99,057 to €113,597
- Financial charges +€1,349
up €1,349 (+2397.4%), from €56 to €1,405
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 | €324,947 | €401,933 | +€76,986 | +23.7% |
| Fixed assets | 21/28 | €96,032 | €182,439 | +€86,406 | +90.0% |
| Tangible fixed assets | 22/27 | €3,590 | €76,689 | +€73,100 | +2036.5% |
| Furniture and vehicles | 24 | €3,590 | €76,689 | +€73,100 | +2036.5% |
| Financial fixed assets | 28 | €92,443 | €105,750 | +€13,307 | +14.4% |
| Current assets | 29/58 | €228,915 | €219,494 | -€9,421 | -4.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,039 | €15,627 | -€25,412 | -61.9% |
| Trade receivables | 40 | €41,039 | €15,627 | -€25,412 | -61.9% |
| Cash at bank and in hand | 54/58 | €31,889 | €48,112 | +€16,224 | +50.9% |
| Deferred charges and accrued income | 490/1 | €5,987 | €5,755 | -€233 | -3.9% |
| Total equity and liabilities | 10/49 | €324,947 | €401,933 | +€76,986 | +23.7% |
| Equity | 10/15 | €285,960 | €327,608 | +€41,647 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,760 | €321,408 | +€41,647 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €277,900 | €319,548 | +€41,647 | +15.0% |
| Amounts payable | 17/49 | €38,987 | €74,325 | +€35,338 | +90.6% |
| Amounts payable after more than one year | 17 | - | €37,626 | +€37,626 | |
| Financial debts | 170/4 | - | €37,626 | +€37,626 | |
| Amounts payable within one year | 42/48 | €38,987 | €36,700 | -€2,287 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,534 | +€10,534 | |
| Trade debts | 44 | €13,614 | €2,670 | -€10,944 | -80.4% |
| Suppliers | 440/4 | €13,614 | €2,670 | -€10,944 | -80.4% |
| Taxes, remuneration and social security | 45 | €25,270 | €20,359 | -€4,912 | -19.4% |
| Taxes | 450/3 | €21,594 | €20,359 | -€1,235 | -5.7% |
| Remuneration and social security | 454/9 | €3,677 | - | -€3,677 | |
| Other amounts payable | 47/48 | €103 | €3,136 | +€3,034 | +2950.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €15,146 | +€14,576 | +2559.5% |
| Other operating charges | 640/8 | €686 | €664 | -€22 | -3.2% |
| Gross operating margin | 9900 | €99,057 | €113,597 | +€14,540 | +14.7% |
| Operating profit (loss) | 9901 | €97,802 | €97,787 | -€15 | 0.0% |
| Financial income | 75/76B | €4,622 | €4,582 | -€40 | -0.9% |
| Recurring financial income | 75 | €4,622 | €4,582 | -€40 | -0.9% |
| Financial charges | 65/66B | €56 | €1,405 | +€1,349 | +2397.4% |
| Recurring financial charges | 65 | €56 | €1,405 | +€1,349 | +2397.4% |
| Profit (loss) for the period before taxes | 9903 | €102,368 | €100,964 | -€1,404 | -1.4% |
| Income taxes | 67/77 | €29,875 | €29,006 | -€869 | -2.9% |
| Profit (loss) for the period | 9904 | €72,493 | €71,958 | -€535 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,493 | €71,958 | -€535 | -0.7% |
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 5 October 2026 via checked.be.