JALO: 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.
JALO
Largest movements
- Cash +€55,777
up €55,777 (+32.3%), from €172,533 to €228,310
mainly Net result for the year (+€522,200) and Depreciation (+€3,546)
- Receivables within one year +€51,358
up €51,358 (+12.8%), from €400,000 to €451,358
of which Other amounts receivable: +€33,059
- Reserves +€157,200
up €157,200 (+32.2%), from €488,132 to €645,332
- Other debts -€29,908
down €29,908 (-8.8%), from €340,177 to €310,269
- Debts after one year -€20,402
down €20,402 (-100%), from €20,402 to €0
- Financial income +€50,000
up €50,000 (+12.5%), from €400,000 to €450,000
- Depreciation +€2,934
up €2,934 (+480%), from €612 to €3,546
- Financial charges +€1,622
up €1,622 (+79.1%), from €2,051 to €3,672
- Gross operating margin -€1,541
down €1,541 (-1.5%), from €101,795 to €100,253
- Taxes -€1,377
down €1,377 (-6.6%), from €20,832 to €19,455
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 | €987,262 | €1,090,554 | +€103,292 | +10.5% |
| Fixed assets | 21/28 | €409,561 | €406,015 | -€3,546 | -0.9% |
| Tangible fixed assets | 22/27 | €9,561 | €6,015 | -€3,546 | -37.1% |
| Furniture and vehicles | 24 | €5,005 | €2,421 | -€2,583 | -51.6% |
| Other tangible fixed assets | 26 | €4,557 | €3,594 | -€962 | -21.1% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €577,700 | €684,539 | +€106,838 | +18.5% |
| Amounts receivable within one year | 40/41 | €400,000 | €451,358 | +€51,358 | +12.8% |
| Trade receivables | 40 | - | €18,299 | +€18,299 | |
| Other amounts receivable | 41 | €400,000 | €433,059 | +€33,059 | +8.3% |
| Cash at bank and in hand | 54/58 | €172,533 | €228,310 | +€55,777 | +32.3% |
| Deferred charges and accrued income | 490/1 | €5,167 | €4,870 | -€297 | -5.7% |
| Total equity and liabilities | 10/49 | €987,262 | €1,090,554 | +€103,292 | +10.5% |
| Equity | 10/15 | €538,132 | €695,332 | +€157,200 | +29.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €488,132 | €645,332 | +€157,200 | +32.2% |
| Distributable reserves | 133 | €488,132 | €645,332 | +€157,200 | +32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €449,130 | €395,222 | -€53,907 | -12.0% |
| Amounts payable after more than one year | 17 | €20,402 | €0 | -€20,402 | -100% |
| Financial debts | 170/4 | €20,402 | €0 | -€20,402 | -100% |
| Amounts payable within one year | 42/48 | €428,727 | €395,222 | -€33,505 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €21,991 | €20,402 | -€1,588 | -7.2% |
| Trade debts | 44 | €2,732 | €4,207 | +€1,475 | +54.0% |
| Suppliers | 440/4 | €2,732 | €4,207 | +€1,475 | +54.0% |
| Taxes, remuneration and social security | 45 | €63,827 | €60,344 | -€3,484 | -5.5% |
| Taxes | 450/3 | €63,827 | €60,344 | -€3,484 | -5.5% |
| Other amounts payable | 47/48 | €340,177 | €310,269 | -€29,908 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €3,546 | +€2,934 | +480% |
| Other operating charges | 640/8 | €1,627 | €1,381 | -€247 | -15.2% |
| Gross operating margin | 9900 | €101,795 | €100,253 | -€1,541 | -1.5% |
| Operating profit (loss) | 9901 | €99,556 | €95,327 | -€4,229 | -4.2% |
| Financial income | 75/76B | €400,000 | €450,000 | +€50,000 | +12.5% |
| Recurring financial income | 75 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Financial charges | 65/66B | €2,051 | €3,672 | +€1,622 | +79.1% |
| Recurring financial charges | 65 | €2,051 | €3,672 | +€1,622 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €497,505 | €541,655 | +€44,150 | +8.9% |
| Income taxes | 67/77 | €20,832 | €19,455 | -€1,377 | -6.6% |
| Profit (loss) for the period | 9904 | €476,673 | €522,200 | +€45,527 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €476,673 | €522,200 | +€45,527 | +9.6% |
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 29 October 2026 via checked.be.