JALCO: 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.
JALCO
Largest movements
- Stocks and contracts +€121,909
up €121,909 (+39.9%), from €305,616 to €427,525
- Receivables within one year -€10,241
down €10,241 (-13.6%), from €75,060 to €64,819
of which Other amounts receivable: -€16,412
- Deferred charges and accrued income -€10,103
down €10,103 (-54.7%), from €18,458 to €8,355
- Debts after one year +€110,549
up €110,549 (+50.5%), from €218,830 to €329,380
- Other debts +€21,593
up €21,593 (+21.6%), from €99,805 to €121,398
- Current portion of long-term debt -€16,153
down €16,153 (-37.2%), from €43,371 to €27,219
- Trade debts -€15,476
down €15,476 (-40.4%), from €38,294 to €22,818
- Tax, wage and social debts -€10,039
down €10,039 (-40.5%), from €24,774 to €14,735
of which Taxes: -€14,839
- Financial charges +€11,024
up €11,024 (+114.9%), from €9,592 to €20,616
- Gross operating margin +€9,593
up €9,593 (+29.9%), from €32,130 to €41,723
- Taxes +€1,329
up €1,329 (+36.4%), from €3,653 to €4,982
- Other operating charges +€914
up €914 (+28.0%), from €3,259 to €4,173
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 | €693,234 | €788,821 | +€95,587 | +13.8% |
| Fixed assets | 21/28 | €195,076 | €188,033 | -€7,043 | -3.6% |
| Tangible fixed assets | 22/27 | €195,076 | €188,033 | -€7,043 | -3.6% |
| Land and buildings | 22 | €191,697 | €186,398 | -€5,299 | -2.8% |
| Plant, machinery and equipment | 23 | €196 | €64 | -€132 | -67.4% |
| Furniture and vehicles | 24 | €3,182 | €1,571 | -€1,612 | -50.6% |
| Current assets | 29/58 | €498,158 | €600,788 | +€102,629 | +20.6% |
| Stocks and contracts in progress | 3 | €305,616 | €427,525 | +€121,909 | +39.9% |
| Stocks | 30/36 | €305,616 | €427,525 | +€121,909 | +39.9% |
| Amounts receivable within one year | 40/41 | €75,060 | €64,819 | -€10,241 | -13.6% |
| Trade receivables | 40 | €16,399 | €22,570 | +€6,171 | +37.6% |
| Other amounts receivable | 41 | €58,661 | €42,249 | -€16,412 | -28.0% |
| Cash at bank and in hand | 54/58 | €99,025 | €100,088 | +€1,063 | +1.1% |
| Deferred charges and accrued income | 490/1 | €18,458 | €8,355 | -€10,103 | -54.7% |
| Total equity and liabilities | 10/49 | €693,234 | €788,821 | +€95,587 | +13.8% |
| Equity | 10/15 | €258,992 | €264,104 | +€5,112 | +2.0% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €52,995 | €58,107 | +€5,112 | +9.6% |
| 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 | €51,135 | €56,247 | +€5,112 | +10.0% |
| Profit (loss) carried forward | 14 | €197,797 | €197,797 | = | 0.0% |
| Amounts payable | 17/49 | €434,242 | €524,717 | +€90,474 | +20.8% |
| Amounts payable after more than one year | 17 | €218,830 | €329,380 | +€110,549 | +50.5% |
| Financial debts | 170/4 | €218,830 | €329,380 | +€110,549 | +50.5% |
| Amounts payable within one year | 42/48 | €206,245 | €186,170 | -€20,075 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €43,371 | €27,219 | -€16,153 | -37.2% |
| Trade debts | 44 | €38,294 | €22,818 | -€15,476 | -40.4% |
| Suppliers | 440/4 | €38,294 | €22,818 | -€15,476 | -40.4% |
| Taxes, remuneration and social security | 45 | €24,774 | €14,735 | -€10,039 | -40.5% |
| Taxes | 450/3 | €22,374 | €7,535 | -€14,839 | -66.3% |
| Remuneration and social security | 454/9 | €2,400 | €7,200 | +€4,800 | +200.0% |
| Other amounts payable | 47/48 | €99,805 | €121,398 | +€21,593 | +21.6% |
| Accrued charges and deferred income | 492/3 | €9,167 | €9,167 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,043 | €7,043 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,259 | €4,173 | +€914 | +28.0% |
| Gross operating margin | 9900 | €32,130 | €41,723 | +€9,593 | +29.9% |
| Operating profit (loss) | 9901 | €21,828 | €30,507 | +€8,679 | +39.8% |
| Financial income | 75/76B | €389 | €203 | -€186 | -47.7% |
| Recurring financial income | 75 | €389 | €203 | -€186 | -47.7% |
| Financial charges | 65/66B | €9,592 | €20,616 | +€11,024 | +114.9% |
| Recurring financial charges | 65 | €9,592 | €20,616 | +€11,024 | +114.9% |
| Profit (loss) for the period before taxes | 9903 | €12,625 | €10,094 | -€2,531 | -20.0% |
| Income taxes | 67/77 | €3,653 | €4,982 | +€1,329 | +36.4% |
| Profit (loss) for the period | 9904 | €8,971 | €5,112 | -€3,859 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,971 | €5,112 | -€3,859 | -43.0% |
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.