JL²: 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.
JL²
Largest movements
- Cash +€199,965
up €199,965 (+184%), from €108,766 to €308,731
mainly Net result for the year (+€123,125) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€46,471
up €46,471 (+137%), from €33,917 to €80,388
of which Furniture and vehicles: +€47,958
- Receivables within one year -€31,787
down €31,787 (-85.7%), from €37,102 to €5,315
of which Trade receivables: -€29,105
- Reserves +€123,125
up €123,125 (+79.8%), from €154,311 to €277,435
- Tax, wage and social debts -€11,902
down €11,902 (-39.1%), from €30,426 to €18,524
- Turnover -€36,373
down €36,373 (-13.7%), from €265,435 to €229,062
- Purchases and services -€33,498
down €33,498 (-48.2%), from €69,525 to €36,027
- Depreciation +€11,451
up €11,451 (+66.8%), from €17,149 to €28,600
- Gross operating margin +€6,224
up €6,224 (+3.1%), from €201,560 to €207,784
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 | €283,988 | €399,025 | +€115,037 | +40.5% |
| Fixed assets | 21/28 | €33,992 | €80,463 | +€46,471 | +137% |
| Tangible fixed assets | 22/27 | €33,917 | €80,388 | +€46,471 | +137% |
| Plant, machinery and equipment | 23 | €4,822 | €3,335 | -€1,487 | -30.8% |
| Furniture and vehicles | 24 | €29,095 | €77,053 | +€47,958 | +165% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €249,996 | €318,562 | +€68,566 | +27.4% |
| Amounts receivable within one year | 40/41 | €37,102 | €5,315 | -€31,787 | -85.7% |
| Trade receivables | 40 | €31,230 | €2,125 | -€29,105 | -93.2% |
| Other amounts receivable | 41 | €5,872 | €3,190 | -€2,682 | -45.7% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €108,766 | €308,731 | +€199,965 | +184% |
| Deferred charges and accrued income | 490/1 | €4,128 | €4,517 | +€389 | +9.4% |
| Total equity and liabilities | 10/49 | €283,988 | €399,025 | +€115,037 | +40.5% |
| Equity | 10/15 | €250,588 | €373,713 | +€123,125 | +49.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,311 | €277,435 | +€123,125 | +79.8% |
| Distributable reserves | 133 | €154,311 | €277,435 | +€123,125 | +79.8% |
| Profit (loss) carried forward | 14 | €77,677 | €77,677 | = | 0.0% |
| Amounts payable | 17/49 | €33,400 | €25,313 | -€8,088 | -24.2% |
| Amounts payable within one year | 42/48 | €31,043 | €24,703 | -€6,340 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €141 | €3,804 | +€3,663 | +2,604% |
| Trade debts | 44 | €477 | €2,376 | +€1,899 | +398% |
| Suppliers | 440/4 | €477 | €2,376 | +€1,899 | +398% |
| Taxes, remuneration and social security | 45 | €30,426 | €18,524 | -€11,902 | -39.1% |
| Taxes | 450/3 | €30,426 | €18,524 | -€11,902 | -39.1% |
| Accrued charges and deferred income | 492/3 | €2,357 | €609 | -€1,748 | -74.2% |
| Turnover | 70 | €265,435 | €229,062 | -€36,373 | -13.7% |
| Non-recurring operating income | 76A | - | €10,586 | +€10,586 | |
| Goods, raw materials, services and sundry goods | 60/61 | €69,525 | €36,027 | -€33,498 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,149 | €28,600 | +€11,451 | +66.8% |
| Other operating charges | 640/8 | €994 | €735 | -€260 | -26.1% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €201,560 | €207,784 | +€6,224 | +3.1% |
| Operating profit (loss) | 9901 | €183,417 | €178,449 | -€4,968 | -2.7% |
| Financial income | 75/76B | €155 | €2,025 | +€1,869 | +1,204% |
| Recurring financial income | 75 | €155 | €2,025 | +€1,869 | +1,204% |
| Financial charges | 65/66B | €49 | €72 | +€24 | +48.5% |
| Recurring financial charges | 65 | €49 | €72 | +€24 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €183,524 | €180,402 | -€3,122 | -1.7% |
| Income taxes | 67/77 | €59,073 | €57,277 | -€1,796 | -3.0% |
| Profit (loss) for the period | 9904 | €124,451 | €123,125 | -€1,326 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,451 | €123,125 | -€1,326 | -1.1% |
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 17 October 2026 via checked.be.