JALCinvest: 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.
JALCinvest
Largest movements
- Current investments +€72,869
up €72,869 (+55.3%), from €131,733 to €204,602
- Receivables within one year -€72,368
down €72,368 (-19.3%), from €375,238 to €302,870
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€20,366
up €20,366, from -€19,391 to €975
- Financial charges +€14,646
up €14,646 (+1,013%), from €1,445 to €16,091
- Taxes +€11,609
up €11,609 (+30,398%), from €38 to €11,647
- Financial income +€8,812
up €8,812 (+41.9%), from €21,039 to €29,851
- Depreciation +€239
up €239 (+60.5%), from €394 to €633
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 | €3,035,139 | €3,034,085 | -€1,055 | 0.0% |
| Fixed assets | 21/28 | €2,483,861 | €2,483,229 | -€633 | 0.0% |
| Tangible fixed assets | 22/27 | €6,283 | €5,650 | -€633 | -10.1% |
| Furniture and vehicles | 24 | €1,504 | €871 | -€633 | -42.1% |
| Other tangible fixed assets | 26 | €4,779 | €4,779 | = | 0.0% |
| Financial fixed assets | 28 | €2,477,579 | €2,477,579 | = | 0.0% |
| Current assets | 29/58 | €551,278 | €550,856 | -€422 | -0.1% |
| Amounts receivable after more than one year | 29 | €30,754 | €27,628 | -€3,126 | -10.2% |
| Other amounts receivable | 291 | €30,754 | €27,628 | -€3,126 | -10.2% |
| Amounts receivable within one year | 40/41 | €375,238 | €302,870 | -€72,368 | -19.3% |
| Other amounts receivable | 41 | €375,238 | €302,870 | -€72,368 | -19.3% |
| Current investments | 50/53 | €131,733 | €204,602 | +€72,869 | +55.3% |
| Cash at bank and in hand | 54/58 | €10,439 | €12,444 | +€2,005 | +19.2% |
| Deferred charges and accrued income | 490/1 | €3,113 | €3,312 | +€199 | +6.4% |
| Total equity and liabilities | 10/49 | €3,035,139 | €3,034,085 | -€1,055 | 0.0% |
| Equity | 10/15 | €3,007,744 | €3,008,417 | +€673 | 0.0% |
| Contributions | 10/11 | €2,144,000 | €2,144,000 | = | 0.0% |
| Reserves | 13 | €441,690 | €441,690 | = | 0.0% |
| Distributable reserves | 133 | €441,690 | €441,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,054 | €422,727 | +€673 | +0.2% |
| Amounts payable | 17/49 | €27,395 | €25,668 | -€1,728 | -6.3% |
| Amounts payable within one year | 42/48 | €26,098 | €24,368 | -€1,729 | -6.6% |
| Trade debts | 44 | €4,916 | €22,495 | +€17,579 | +358% |
| Suppliers | 440/4 | €4,916 | €22,495 | +€17,579 | +358% |
| Taxes, remuneration and social security | 45 | €5,036 | €1,873 | -€3,163 | -62.8% |
| Taxes | 450/3 | - | €1,873 | +€1,873 | |
| Remuneration and social security | 454/9 | €5,036 | - | -€5,036 | |
| Other amounts payable | 47/48 | €16,146 | - | -€16,146 | |
| Accrued charges and deferred income | 492/3 | €1,298 | €1,299 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €633 | +€239 | +60.5% |
| Other operating charges | 640/8 | €1,791 | €1,782 | -€9 | -0.5% |
| Gross operating margin | 9900 | -€19,391 | €975 | +€20,366 | |
| Operating profit (loss) | 9901 | -€21,576 | -€1,440 | +€20,136 | +93.3% |
| Financial income | 75/76B | €21,039 | €29,851 | +€8,812 | +41.9% |
| Recurring financial income | 75 | €21,039 | €29,851 | +€8,812 | +41.9% |
| Financial charges | 65/66B | €1,445 | €16,091 | +€14,646 | +1,013% |
| Recurring financial charges | 65 | €1,445 | €16,091 | +€14,646 | +1,013% |
| Profit (loss) for the period before taxes | 9903 | -€1,982 | €12,320 | +€14,303 | |
| Income taxes | 67/77 | €38 | €11,647 | +€11,609 | +30,398% |
| Profit (loss) for the period | 9904 | -€2,021 | €673 | +€2,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,021 | €673 | +€2,694 |
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 20 October 2026 via checked.be.