JL MCS: 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 MCS
Largest movements
- Cash -€31,692
down €31,692 (-64.9%), from €48,818 to €17,126
mainly Contributions, distributions and other (-€25,000) and Tax, wage and social debts (-€18,455)
- Receivables within one year +€15,194
up €15,194 (+2,384%), from €637 to €15,831
of which Trade receivables: +€11,522
- Tangible fixed assets -€10,242
down €10,242 (-36.8%), from €27,855 to €17,613
of which Furniture and vehicles: -€9,843
- Tax, wage and social debts -€18,455
down €18,455 (-71.3%), from €25,878 to €7,423
of which Taxes: -€16,454
- Reserves -€9,191
down €9,191 (-5.4%), from €170,043 to €160,852
- Financial income -€20,321
down €20,321 (-52.3%), from €38,832 to €18,511
- Taxes -€11,152
down €11,152 (-58.4%), from €19,089 to €7,937
- Financial charges +€9,915
up €9,915 (+109%), from €9,065 to €18,980
- Gross operating margin -€389
down €389 (-1.1%), from €35,038 to €34,649
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 | €252,582 | €224,899 | -€27,683 | -11.0% |
| Fixed assets | 21/28 | €27,855 | €17,613 | -€10,242 | -36.8% |
| Tangible fixed assets | 22/27 | €27,855 | €17,613 | -€10,242 | -36.8% |
| Plant, machinery and equipment | 23 | €1,040 | €641 | -€399 | -38.4% |
| Furniture and vehicles | 24 | €26,815 | €16,972 | -€9,843 | -36.7% |
| Current assets | 29/58 | €224,727 | €207,286 | -€17,440 | -7.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €637 | €15,831 | +€15,194 | +2,384% |
| Trade receivables | 40 | €637 | €12,159 | +€11,522 | +1,808% |
| Other amounts receivable | 41 | - | €3,672 | +€3,672 | |
| Current investments | 50/53 | €174,210 | €172,933 | -€1,277 | -0.7% |
| Cash at bank and in hand | 54/58 | €48,818 | €17,126 | -€31,692 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,062 | €1,396 | +€334 | +31.5% |
| Total equity and liabilities | 10/49 | €252,582 | €224,899 | -€27,683 | -11.0% |
| Equity | 10/15 | €182,443 | €173,252 | -€9,191 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €170,043 | €160,852 | -€9,191 | -5.4% |
| Distributable reserves | 133 | €170,043 | €160,852 | -€9,191 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,139 | €51,647 | -€18,492 | -26.4% |
| Amounts payable within one year | 42/48 | €70,139 | €51,647 | -€18,492 | -26.4% |
| Trade debts | 44 | €1,129 | €926 | -€204 | -18.0% |
| Suppliers | 440/4 | €1,129 | €926 | -€204 | -18.0% |
| Taxes, remuneration and social security | 45 | €25,878 | €7,423 | -€18,455 | -71.3% |
| Taxes | 450/3 | €23,877 | €7,423 | -€16,454 | -68.9% |
| Remuneration and social security | 454/9 | €2,001 | €0 | -€2,001 | -100% |
| Other amounts payable | 47/48 | €43,131 | €43,298 | +€167 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,001 | €10,242 | +€242 | +2.4% |
| Other operating charges | 640/8 | €210 | €192 | -€18 | -8.6% |
| Gross operating margin | 9900 | €35,038 | €34,649 | -€389 | -1.1% |
| Operating profit (loss) | 9901 | €24,827 | €24,215 | -€612 | -2.5% |
| Financial income | 75/76B | €38,832 | €18,511 | -€20,321 | -52.3% |
| Recurring financial income | 75 | €38,832 | €18,511 | -€20,321 | -52.3% |
| Financial charges | 65/66B | €9,065 | €18,980 | +€9,915 | +109% |
| Recurring financial charges | 65 | €9,065 | €18,980 | +€9,915 | +109% |
| Profit (loss) for the period before taxes | 9903 | €54,594 | €23,746 | -€30,848 | -56.5% |
| Income taxes | 67/77 | €19,089 | €7,937 | -€11,152 | -58.4% |
| Profit (loss) for the period | 9904 | €35,505 | €15,809 | -€19,696 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,505 | €15,809 | -€19,696 | -55.5% |
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 20 October 2026 via checked.be.