JL ELEC: 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.
JL ELEC
Largest movements
- Receivables within one year +€22,367
up €22,367 (+118%), from €18,920 to €41,287
of which Trade receivables: +€29,194
- Intangible fixed assets -€8,500
down €8,500 (-30.8%), from €27,596 to €19,096
- Cash -€6,303
down €6,303 (-16.3%), from €38,760 to €32,457
mainly Debts after one year (-€28,267) and Contributions, distributions and other (-€25,000)
- Debts after one year -€28,267
down €28,267 (-11.9%), from €238,261 to €209,994
- Profit (loss) carried forward +€14,609
up €14,609 (+562%), from €2,599 to €17,208
- Other debts +€9,946
up €9,946 (+66.1%), from €15,055 to €25,001
- Tax, wage and social debts +€8,107
up €8,107 (+33.9%), from €23,882 to €31,989
of which Taxes: +€11,630
- Gross operating margin +€42,217
up €42,217 (+40.9%), from €103,284 to €145,501
- Taxes +€7,442
up €7,442 (+178%), from €4,180 to €11,622
- Depreciation +€6,172
up €6,172 (+62.7%), from €9,842 to €16,014
- Staff costs +€5,824
up €5,824 (+9.6%), from €60,645 to €66,469
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 | €333,000 | €336,676 | +€3,675 | +1.1% |
| Fixed assets | 21/28 | €270,591 | €260,845 | -€9,746 | -3.6% |
| Intangible fixed assets | 21 | €27,596 | €19,096 | -€8,500 | -30.8% |
| Tangible fixed assets | 22/27 | €242,839 | €241,689 | -€1,150 | -0.5% |
| Land and buildings | 22 | €40,700 | €40,700 | = | 0.0% |
| Plant, machinery and equipment | 23 | €752 | €899 | +€147 | +19.5% |
| Furniture and vehicles | 24 | €24,355 | €20,242 | -€4,113 | -16.9% |
| Other tangible fixed assets | 26 | €1,039 | €1,593 | +€553 | +53.2% |
| Assets under construction and advance payments | 27 | €175,992 | €178,255 | +€2,263 | +1.3% |
| Financial fixed assets | 28 | €156 | €60 | -€96 | -61.5% |
| Current assets | 29/58 | €62,410 | €75,831 | +€13,421 | +21.5% |
| Amounts receivable within one year | 40/41 | €18,920 | €41,287 | +€22,367 | +118% |
| Trade receivables | 40 | €12,092 | €41,287 | +€29,194 | +241% |
| Other amounts receivable | 41 | €6,827 | - | -€6,827 | |
| Cash at bank and in hand | 54/58 | €38,760 | €32,457 | -€6,303 | -16.3% |
| Deferred charges and accrued income | 490/1 | €4,730 | €2,087 | -€2,643 | -55.9% |
| Total equity and liabilities | 10/49 | €333,000 | €336,676 | +€3,675 | +1.1% |
| Equity | 10/15 | €4,959 | €19,568 | +€14,609 | +295% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,599 | €17,208 | +€14,609 | +562% |
| Amounts payable | 17/49 | €328,041 | €317,108 | -€10,933 | -3.3% |
| Amounts payable after more than one year | 17 | €238,261 | €209,994 | -€28,267 | -11.9% |
| Financial debts | 170/4 | €238,261 | €209,994 | -€28,267 | -11.9% |
| Amounts payable within one year | 42/48 | €87,432 | €104,757 | +€17,325 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €29,194 | €28,119 | -€1,075 | -3.7% |
| Trade debts | 44 | €18,301 | €18,391 | +€90 | +0.5% |
| Suppliers | 440/4 | €18,301 | €18,391 | +€90 | +0.5% |
| Advances received on contracts in progress | 46 | €1,000 | €1,257 | +€257 | +25.7% |
| Taxes, remuneration and social security | 45 | €23,882 | €31,989 | +€8,107 | +33.9% |
| Taxes | 450/3 | €8,999 | €20,629 | +€11,630 | +129% |
| Remuneration and social security | 454/9 | €14,882 | €11,360 | -€3,523 | -23.7% |
| Other amounts payable | 47/48 | €15,055 | €25,001 | +€9,946 | +66.1% |
| Accrued charges and deferred income | 492/3 | €2,348 | €2,357 | +€9 | +0.4% |
| Remuneration, social security and pensions | 62 | €60,645 | €66,469 | +€5,824 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,842 | €16,014 | +€6,172 | +62.7% |
| Other operating charges | 640/8 | €1,053 | €857 | -€196 | -18.6% |
| Gross operating margin | 9900 | €103,284 | €145,501 | +€42,217 | +40.9% |
| Operating profit (loss) | 9901 | €31,744 | €62,161 | +€30,418 | +95.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,991 | €10,931 | -€60 | -0.5% |
| Recurring financial charges | 65 | €10,991 | €10,931 | -€60 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €20,753 | €51,231 | +€30,478 | +147% |
| Income taxes | 67/77 | €4,180 | €11,622 | +€7,442 | +178% |
| Profit (loss) for the period | 9904 | €16,573 | €39,609 | +€23,036 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €16,573 | €39,609 | +€23,036 | +139% |
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 26 October 2026 via checked.be.