JALU: 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.
JALU
Largest movements
- Cash +€25,738
up €25,738 (+32.6%), from €78,974 to €104,712
mainly Net result for the year (+€25,349) and Depreciation (+€6,574)
- Tangible fixed assets -€6,574
down €6,574 (-28.5%), from €23,068 to €16,494
of which Furniture and vehicles: -€6,172
- Receivables within one year -€5,805
down €5,805 (-52.1%), from €11,136 to €5,331
of which Trade receivables: -€2,972
- Stocks and contracts +€1,545
up €1,545 (+16.8%), from €9,181 to €10,727
- Reserves +€14,554
up €14,554 (+13.8%), from €105,356 to €119,910
- Tax, wage and social debts +€2,339
new in 2025: €2,339
- Trade debts -€2,024
down €2,024 (-40.2%), from €5,041 to €3,017
- Gross operating margin +€12,269
up €12,269 (+37.4%), from €32,777 to €45,046
- Taxes +€3,820
up €3,820 (+44.8%), from €8,519 to €12,339
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 | €122,849 | €137,771 | +€14,922 | +12.1% |
| Fixed assets | 21/28 | €23,068 | €16,494 | -€6,574 | -28.5% |
| Tangible fixed assets | 22/27 | €23,068 | €16,494 | -€6,574 | -28.5% |
| Plant, machinery and equipment | 23 | €3,098 | €2,696 | -€402 | -13.0% |
| Furniture and vehicles | 24 | €19,970 | €13,798 | -€6,172 | -30.9% |
| Current assets | 29/58 | €99,781 | €121,276 | +€21,495 | +21.5% |
| Stocks and contracts in progress | 3 | €9,181 | €10,727 | +€1,545 | +16.8% |
| Stocks | 30/36 | €9,181 | €10,727 | +€1,545 | +16.8% |
| Amounts receivable within one year | 40/41 | €11,136 | €5,331 | -€5,805 | -52.1% |
| Trade receivables | 40 | €7,728 | €4,755 | -€2,972 | -38.5% |
| Other amounts receivable | 41 | €3,408 | €576 | -€2,832 | -83.1% |
| Cash at bank and in hand | 54/58 | €78,974 | €104,712 | +€25,738 | +32.6% |
| Deferred charges and accrued income | 490/1 | €490 | €507 | +€17 | +3.5% |
| Total equity and liabilities | 10/49 | €122,849 | €137,771 | +€14,922 | +12.1% |
| Equity | 10/15 | €117,756 | €132,310 | +€14,554 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105,356 | €119,910 | +€14,554 | +13.8% |
| Distributable reserves | 133 | €105,356 | €119,910 | +€14,554 | +13.8% |
| Amounts payable | 17/49 | €5,093 | €5,460 | +€367 | +7.2% |
| Amounts payable within one year | 42/48 | €5,093 | €5,460 | +€367 | +7.2% |
| Trade debts | 44 | €5,041 | €3,017 | -€2,024 | -40.2% |
| Suppliers | 440/4 | €5,041 | €3,017 | -€2,024 | -40.2% |
| Taxes, remuneration and social security | 45 | - | €2,339 | +€2,339 | |
| Taxes | 450/3 | - | €2,339 | +€2,339 | |
| Other amounts payable | 47/48 | €52 | €105 | +€53 | +102.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,482 | €6,574 | +€92 | +1.4% |
| Other operating charges | 640/8 | €793 | €898 | +€105 | +13.2% |
| Gross operating margin | 9900 | €32,777 | €45,046 | +€12,269 | +37.4% |
| Operating profit (loss) | 9901 | €25,502 | €37,574 | +€12,073 | +47.3% |
| Financial income | 75/76B | €317 | €198 | -€120 | -37.8% |
| Recurring financial income | 75 | €317 | €198 | -€120 | -37.8% |
| Financial charges | 65/66B | €54 | €85 | +€31 | +56.4% |
| Recurring financial charges | 65 | €54 | €85 | +€31 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €25,765 | €37,687 | +€11,922 | +46.3% |
| Income taxes | 67/77 | €8,519 | €12,339 | +€3,820 | +44.8% |
| Profit (loss) for the period | 9904 | €17,246 | €25,349 | +€8,103 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,246 | €25,349 | +€8,103 | +47.0% |
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 10 October 2026 via checked.be.