JALI: what changed
What changed
JALI
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€945,448
2024 · €963,798-€18,350
Equity
€12.3m
2024 · €11.3m+€945,448
Cash
€140,167
2024 · €104,294+€35,874
Balance sheet total
€14.3m
2024 · €12.8m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+151%), from €944,908 to €2.4m
of which Land and buildings: +€1.2m
Equity and liabilities
- Reserves +€945,448
up €945,448 (+11.9%), from €8.0m to €8.9m
- Other debts +€360,379
up €360,379 (+241%), from €149,776 to €510,154
- Trade debts +€248,894
up €248,894 (+310%), from €80,307 to €329,201
Income statement
- Depreciation +€59,056
up €59,056 (+129%), from €45,625 to €104,681
- Staff costs -€41,911
down €41,911 (-14.9%), from €281,399 to €239,488
- Gross operating margin -€39,185
down €39,185 (-6.3%), from €626,521 to €587,335
- Financial charges -€32,873
down €32,873 (-44.6%), from €73,667 to €40,794
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€963,798
Gross operating margin
-€39,185
Staff costs
+€41,911
Depreciation
-€59,056
Other operating charges
-€409
Financial income
+€104
Financial charges
+€32,873
Taxes
+€5,413
Result 2025
€945,448
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.7m
Investment
-€1.5m
Financing
-€166,667
Cash 2024
€104,294
From operations (derived)
+€1.7m
Net result for the year
+€945,448
Depreciation
+€104,681
Receivables within one year
+€5,386
Deferred charges and accrued income
+€7,399
Trade debts
+€248,894
Tax, wage and social debts
+€64,059
Other debts
+€360,379
Accrued charges and deferred income
+€14
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€166,667
Debts after one year
-€55,555
Current portion of long-term debt
-€111,111
Cash 2025
€140,167
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,817,433 | €14,269,560 | +€1.5m | +11.3% |
| Fixed assets | 21/28 | €12,076,790 | €13,505,829 | +€1.4m | +11.8% |
| Tangible fixed assets | 22/27 | €944,908 | €2,373,947 | +€1.4m | +151% |
| Land and buildings | 22 | €874,811 | €2,102,518 | +€1.2m | +140% |
| Furniture and vehicles | 24 | €70,097 | €49,871 | -€20,226 | -28.9% |
| Other tangible fixed assets | 26 | - | €221,558 | +€221,558 | |
| Financial fixed assets | 28 | €11,131,882 | €11,131,882 | = | 0.0% |
| Current assets | 29/58 | €740,643 | €763,732 | +€23,089 | +3.1% |
| Amounts receivable within one year | 40/41 | €620,472 | €615,086 | -€5,386 | -0.9% |
| Trade receivables | 40 | €556,304 | €391,012 | -€165,292 | -29.7% |
| Other amounts receivable | 41 | €64,168 | €224,074 | +€159,906 | +249% |
| Cash at bank and in hand | 54/58 | €104,294 | €140,167 | +€35,874 | +34.4% |
| Deferred charges and accrued income | 490/1 | €15,877 | €8,479 | -€7,399 | -46.6% |
| Total equity and liabilities | 10/49 | €12,817,433 | €14,269,560 | +€1.5m | +11.3% |
| Equity | 10/15 | €11,305,018 | €12,250,467 | +€945,448 | +8.4% |
| Contributions | 10/11 | €3,350,000 | €3,350,000 | = | 0.0% |
| Reserves | 13 | €7,955,018 | €8,900,467 | +€945,448 | +11.9% |
| Distributable reserves | 133 | €7,955,018 | €8,900,467 | +€945,448 | +11.9% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,497,415 | €2,004,093 | +€506,679 | +33.8% |
| Amounts payable after more than one year | 17 | €555,555 | €500,000 | -€55,555 | -10.0% |
| Financial debts | 170/4 | €555,555 | - | -€555,555 | |
| Other amounts payable | 178/9 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €939,169 | €1,501,389 | +€562,220 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €666,667 | €555,555 | -€111,111 | -16.7% |
| Trade debts | 44 | €80,307 | €329,201 | +€248,894 | +310% |
| Suppliers | 440/4 | €80,307 | €329,201 | +€248,894 | +310% |
| Taxes, remuneration and social security | 45 | €42,419 | €106,478 | +€64,059 | +151% |
| Taxes | 450/3 | €10,363 | €66,839 | +€56,477 | +545% |
| Remuneration and social security | 454/9 | €32,057 | €39,639 | +€7,582 | +23.7% |
| Other amounts payable | 47/48 | €149,776 | €510,154 | +€360,379 | +241% |
| Accrued charges and deferred income | 492/3 | €2,690 | €2,704 | +€14 | +0.5% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €281,399 | €239,488 | -€41,911 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,625 | €104,681 | +€59,056 | +129% |
| Other operating charges | 640/8 | €5,841 | €6,250 | +€409 | +7.0% |
| Gross operating margin | 9900 | €626,521 | €587,335 | -€39,185 | -6.3% |
| Operating profit (loss) | 9901 | €293,656 | €236,917 | -€56,740 | -19.3% |
| Financial income | 75/76B | €800,036 | €800,140 | +€104 | 0.0% |
| Recurring financial income | 75 | €800,036 | €800,140 | +€104 | 0.0% |
| Financial charges | 65/66B | €73,667 | €40,794 | -€32,873 | -44.6% |
| Recurring financial charges | 65 | €73,667 | €40,794 | -€32,873 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €1,020,025 | €996,262 | -€23,762 | -2.3% |
| Income taxes | 67/77 | €56,227 | €50,814 | -€5,413 | -9.6% |
| Profit (loss) for the period | 9904 | €963,798 | €945,448 | -€18,350 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €963,798 | €945,448 | -€18,350 | -1.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.