JL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€4,976
down €4,976 (-96.6%), from €5,154 to €177
mainly Net result for the year (-€8,022) and Tax, wage and social debts (-€808)
- Tangible fixed assets -€3,522
down €3,522 (-24.7%), from €14,271 to €10,749
- Contributions +€12,000
up €12,000 (+1.9%), from €645,000 to €657,000
- Reserves -€12,000
no longer reported in 2025 (was €12,000)
- Profit (loss) carried forward -€8,022
down €8,022 (-1.4%), from -€590,939 to -€598,961
- Financial charges -€459,003
down €459,003 (-100.0%), from €459,228 to €226
of which Non-recurring financial charges: -€459,000
- Depreciation -€3,283
down €3,283 (-48.2%), from €6,805 to €3,522
- Gross operating margin -€1,494
down €1,494 (-58.6%), from -€2,552 to -€4,046
- Other operating charges -€1,020
down €1,020 (-91.4%), from €1,115 to €95
- Taxes +€132
new in 2025: €132
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 | €119,425 | €111,473 | -€7,952 | -6.7% |
| Fixed assets | 21/28 | €114,271 | €110,749 | -€3,522 | -3.1% |
| Tangible fixed assets | 22/27 | €14,271 | €10,749 | -€3,522 | -24.7% |
| Other tangible fixed assets | 26 | €14,271 | €10,749 | -€3,522 | -24.7% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €5,154 | €724 | -€4,430 | -86.0% |
| Amounts receivable within one year | 40/41 | - | €546 | +€546 | |
| Other amounts receivable | 41 | - | €546 | +€546 | |
| Cash at bank and in hand | 54/58 | €5,154 | €177 | -€4,976 | -96.6% |
| Total equity and liabilities | 10/49 | €119,425 | €111,473 | -€7,952 | -6.7% |
| Equity | 10/15 | €66,061 | €58,039 | -€8,022 | -12.1% |
| Contributions | 10/11 | €645,000 | €657,000 | +€12,000 | +1.9% |
| Capital | 10 | €645,000 | - | -€645,000 | |
| Issued capital | 100 | €645,000 | - | -€645,000 | |
| Reserves | 13 | €12,000 | - | -€12,000 | |
| Non-distributable reserves | 130/1 | €12,000 | - | -€12,000 | |
| Legal reserve | 130 | €12,000 | - | -€12,000 | |
| Profit (loss) carried forward | 14 | -€590,939 | -€598,961 | -€8,022 | -1.4% |
| Amounts payable | 17/49 | €53,364 | €53,434 | +€70 | +0.1% |
| Amounts payable within one year | 42/48 | €53,359 | €53,309 | -€50 | -0.1% |
| Trade debts | 44 | €3 | €303 | +€299 | +9,883% |
| Suppliers | 440/4 | €3 | €303 | +€299 | +9,883% |
| Taxes, remuneration and social security | 45 | €808 | - | -€808 | |
| Taxes | 450/3 | €808 | - | -€808 | |
| Other amounts payable | 47/48 | €52,548 | €53,006 | +€459 | +0.9% |
| Accrued charges and deferred income | 492/3 | €5 | €125 | +€120 | +2,332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,805 | €3,522 | -€3,283 | -48.2% |
| Other operating charges | 640/8 | €1,115 | €95 | -€1,020 | -91.4% |
| Non-recurring operating charges | 66A | €122,434 | - | -€122,434 | |
| Gross operating margin | 9900 | -€2,552 | -€4,046 | -€1,494 | -58.6% |
| Operating profit (loss) | 9901 | -€132,907 | -€7,664 | +€125,243 | +94.2% |
| Financial charges | 65/66B | €459,228 | €226 | -€459,003 | -100.0% |
| Recurring financial charges | 65 | €228 | €226 | -€3 | -1.1% |
| Non-recurring financial charges | 66B | €459,000 | - | -€459,000 | |
| Profit (loss) for the period before taxes | 9903 | -€592,135 | -€7,889 | +€584,246 | +98.7% |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€592,135 | -€8,022 | +€584,113 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€592,135 | -€8,022 | +€584,113 | +98.6% |
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.