JL-Projects: 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-Projects
Largest movements
- Stocks and contracts +€55,250
up €55,250 (+631%), from €8,750 to €64,000
- Tangible fixed assets -€21,994
down €21,994 (-17.2%), from €127,940 to €105,945
of which Leasing and similar rights: -€17,000
- Cash +€17,302
up €17,302 (+1,338%), from €1,293 to €18,595
mainly Net result for the year (+€130,107) and Depreciation (+€28,707)
- Receivables within one year +€16,061
up €16,061 (+29.0%), from €55,421 to €71,482
of which Trade receivables: +€14,264
- Profit (loss) carried forward +€90,788
up €90,788, from -€90,788 to €0
- Trade debts -€46,176
down €46,176 (-50.6%), from €91,180 to €45,004
- Reserves +€39,319
new in 2025: €39,319
- Debts after one year -€16,128
down €16,128 (-11.4%), from €140,911 to €124,784
- Other debts -€15,319
down €15,319 (-73.8%), from €20,771 to €5,452
- Gross operating margin +€150,620
up €150,620 (+271%), from €55,547 to €206,167
- Staff costs -€48,294
down €48,294 (-70.1%), from €68,941 to €20,647
- Taxes +€20,638
up €20,638 (+6,822%), from €303 to €20,941
- Financial charges -€2,892
down €2,892 (-45.5%), from €6,357 to €3,465
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 | €204,381 | €268,657 | +€64,276 | +31.4% |
| Fixed assets | 21/28 | €127,940 | €105,945 | -€21,994 | -17.2% |
| Tangible fixed assets | 22/27 | €127,940 | €105,945 | -€21,994 | -17.2% |
| Land and buildings | 22 | €24,301 | €21,416 | -€2,885 | -11.9% |
| Plant, machinery and equipment | 23 | €31,086 | €26,474 | -€4,612 | -14.8% |
| Furniture and vehicles | 24 | €5,644 | €8,146 | +€2,502 | +44.3% |
| Leasing and similar rights | 25 | €66,909 | €49,909 | -€17,000 | -25.4% |
| Current assets | 29/58 | €76,441 | €162,712 | +€86,270 | +113% |
| Stocks and contracts in progress | 3 | €8,750 | €64,000 | +€55,250 | +631% |
| Stocks | 30/36 | €8,750 | €64,000 | +€55,250 | +631% |
| Amounts receivable within one year | 40/41 | €55,421 | €71,482 | +€16,061 | +29.0% |
| Trade receivables | 40 | €1,040 | €15,304 | +€14,264 | +1,371% |
| Other amounts receivable | 41 | €54,381 | €56,178 | +€1,797 | +3.3% |
| Cash at bank and in hand | 54/58 | €1,293 | €18,595 | +€17,302 | +1,338% |
| Deferred charges and accrued income | 490/1 | €10,977 | €8,635 | -€2,343 | -21.3% |
| Total equity and liabilities | 10/49 | €204,381 | €268,657 | +€64,276 | +31.4% |
| Equity | 10/15 | -€84,588 | €45,519 | +€130,107 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €39,319 | +€39,319 | |
| Distributable reserves | 133 | - | €39,319 | +€39,319 | |
| Profit (loss) carried forward | 14 | -€90,788 | €0 | +€90,788 | |
| Amounts payable | 17/49 | €288,969 | €223,138 | -€65,831 | -22.8% |
| Amounts payable after more than one year | 17 | €140,911 | €124,784 | -€16,128 | -11.4% |
| Financial debts | 170/4 | €140,911 | €124,784 | -€16,128 | -11.4% |
| Amounts payable within one year | 42/48 | €148,058 | €98,354 | -€49,703 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €16,732 | €16,128 | -€605 | -3.6% |
| Trade debts | 44 | €91,180 | €45,004 | -€46,176 | -50.6% |
| Suppliers | 440/4 | €91,180 | €45,004 | -€46,176 | -50.6% |
| Taxes, remuneration and social security | 45 | €19,374 | €31,770 | +€12,396 | +64.0% |
| Taxes | 450/3 | €7,163 | €24,698 | +€17,535 | +245% |
| Remuneration and social security | 454/9 | €12,211 | €7,072 | -€5,138 | -42.1% |
| Other amounts payable | 47/48 | €20,771 | €5,452 | -€15,319 | -73.8% |
| Remuneration, social security and pensions | 62 | €68,941 | €20,647 | -€48,294 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,303 | €28,707 | +€404 | +1.4% |
| Other operating charges | 640/8 | €2,459 | €2,301 | -€158 | -6.4% |
| Non-recurring operating charges | 66A | €6,904 | €0 | -€6,904 | -100% |
| Gross operating margin | 9900 | €55,547 | €206,167 | +€150,620 | +271% |
| Operating profit (loss) | 9901 | -€51,060 | €154,512 | +€205,572 | |
| Financial income | 75/76B | €167 | €1 | -€165 | -99.1% |
| Recurring financial income | 75 | €167 | €1 | -€165 | -99.1% |
| Financial charges | 65/66B | €6,357 | €3,465 | -€2,892 | -45.5% |
| Recurring financial charges | 65 | €6,357 | €3,465 | -€2,892 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€57,250 | €151,048 | +€208,298 | |
| Income taxes | 67/77 | €303 | €20,941 | +€20,638 | +6,822% |
| Profit (loss) for the period | 9904 | -€57,553 | €130,107 | +€187,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,553 | €130,107 | +€187,660 |
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 22 October 2026 via checked.be.