JL-Group: 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-Group
Largest movements
- Receivables within one year -€192,659
down €192,659 (-64.6%), from €298,370 to €105,711
of which Trade receivables: -€189,259
- Financial fixed assets +€23,900
up €23,900 (+219%), from €10,900 to €34,800
- Tangible fixed assets -€20,113
down €20,113 (-25.6%), from €78,518 to €58,405
of which Other tangible fixed assets: -€11,938
- Stocks and contracts -€19,092
down €19,092 (-5.1%), from €370,846 to €351,754
- Deferred charges and accrued income -€11,327
down €11,327 (-32.9%), from €34,410 to €23,082
- Trade debts -€303,072
down €303,072 (-81.3%), from €372,820 to €69,749
- Reserves +€100,274
up €100,274 (+34.0%), from €295,040 to €395,315
of which Distributable reserves: +€100,274
- Tax, wage and social debts -€51,328
down €51,328 (-70.8%), from €72,526 to €21,198
- Short-term financial debts +€25,000
new in 2025: €25,000
- Gross operating margin -€78,883
down €78,883 (-17.0%), from €464,586 to €385,704
- Staff costs -€42,299
down €42,299 (-15.0%), from €281,630 to €239,331
- Financial charges -€39,127
down €39,127 (-85.3%), from €45,895 to €6,768
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 | €863,456 | €634,467 | -€228,988 | -26.5% |
| Fixed assets | 21/28 | €89,418 | €93,205 | +€3,787 | +4.2% |
| Tangible fixed assets | 22/27 | €78,518 | €58,405 | -€20,113 | -25.6% |
| Plant, machinery and equipment | 23 | €22,296 | €16,699 | -€5,597 | -25.1% |
| Furniture and vehicles | 24 | €9,444 | €6,865 | -€2,578 | -27.3% |
| Other tangible fixed assets | 26 | €46,778 | €34,840 | -€11,938 | -25.5% |
| Financial fixed assets | 28 | €10,900 | €34,800 | +€23,900 | +219% |
| Current assets | 29/58 | €774,038 | €541,263 | -€232,775 | -30.1% |
| Stocks and contracts in progress | 3 | €370,846 | €351,754 | -€19,092 | -5.1% |
| Stocks | 30/36 | €370,846 | €351,754 | -€19,092 | -5.1% |
| Amounts receivable within one year | 40/41 | €298,370 | €105,711 | -€192,659 | -64.6% |
| Trade receivables | 40 | €288,718 | €99,458 | -€189,259 | -65.6% |
| Other amounts receivable | 41 | €9,653 | €6,253 | -€3,399 | -35.2% |
| Cash at bank and in hand | 54/58 | €70,412 | €60,715 | -€9,697 | -13.8% |
| Deferred charges and accrued income | 490/1 | €34,410 | €23,082 | -€11,327 | -32.9% |
| Total equity and liabilities | 10/49 | €863,456 | €634,467 | -€228,988 | -26.5% |
| Equity | 10/15 | €317,040 | €417,315 | +€100,274 | +31.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €295,040 | €395,315 | +€100,274 | +34.0% |
| Tax-exempt reserves | 132 | €9,450 | €9,450 | = | 0.0% |
| Distributable reserves | 133 | €285,590 | €385,865 | +€100,274 | +35.1% |
| Amounts payable | 17/49 | €546,415 | €217,153 | -€329,262 | -60.3% |
| Amounts payable within one year | 42/48 | €546,415 | €217,153 | -€329,262 | -60.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €372,820 | €69,749 | -€303,072 | -81.3% |
| Suppliers | 440/4 | €372,820 | €69,749 | -€303,072 | -81.3% |
| Taxes, remuneration and social security | 45 | €72,526 | €21,198 | -€51,328 | -70.8% |
| Taxes | 450/3 | €72,526 | €21,198 | -€51,328 | -70.8% |
| Other amounts payable | 47/48 | €101,069 | €101,206 | +€137 | +0.1% |
| Remuneration, social security and pensions | 62 | €281,630 | €239,331 | -€42,299 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,702 | €20,113 | -€1,589 | -7.3% |
| Other operating charges | 640/8 | €2,437 | €1,217 | -€1,221 | -50.1% |
| Non-recurring operating charges | 66A | - | €1,960 | +€1,960 | |
| Gross operating margin | 9900 | €464,586 | €385,704 | -€78,883 | -17.0% |
| Operating profit (loss) | 9901 | €158,817 | €123,083 | -€35,734 | -22.5% |
| Financial income | 75/76B | €8,776 | €12,665 | +€3,889 | +44.3% |
| Recurring financial income | 75 | €8,776 | €12,665 | +€3,889 | +44.3% |
| Financial charges | 65/66B | €45,895 | €6,768 | -€39,127 | -85.3% |
| Recurring financial charges | 65 | €45,895 | €6,768 | -€39,127 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €121,697 | €128,979 | +€7,282 | +6.0% |
| Income taxes | 67/77 | €26,761 | €28,705 | +€1,944 | +7.3% |
| Profit (loss) for the period | 9904 | €94,936 | €100,274 | +€5,338 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,936 | €100,274 | +€5,338 | +5.6% |
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 18 October 2026 via checked.be.