JL SQUARE: what changed
Two fiscal 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 SQUARE
Largest movements
- Receivables after one year +€317,234
new in 2025: €317,234
- Receivables within one year +€215,407
up €215,407 (+538.6%), from €39,993 to €255,400
of which Other amounts receivable: +€209,798
- Cash +€165,917
up €165,917 (+56.0%), from €296,522 to €462,438
mainly Net result for the year (+€722,131) and Depreciation (+€34,654)
- Tangible fixed assets -€28,537
down €28,537 (-31.6%), from €90,409 to €61,872
- Profit (loss) carried forward +€722,131
up €722,131 (+211.0%), from €342,180 to €1.1m
- Trade debts -€49,469
down €49,469 (-94.6%), from €52,290 to €2,822
- Gross operating margin +€874,531
up €874,531, from -€91,659 to €782,872
- Financial income -€152,339
down €152,339 (-99.0%), from €153,910 to €1,571
of which Non-recurring financial income: -€151,045
- Taxes +€24,259
up €24,259 (+1764.8%), from €1,375 to €25,633
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.
Cash bridge derived
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 | €432,454 | €1,103,109 | +€670,655 | +155.1% |
| Fixed assets | 21/28 | €93,409 | €64,872 | -€28,537 | -30.6% |
| Tangible fixed assets | 22/27 | €90,409 | €61,872 | -€28,537 | -31.6% |
| Furniture and vehicles | 24 | €90,409 | €61,872 | -€28,537 | -31.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €339,045 | €1,038,236 | +€699,191 | +206.2% |
| Amounts receivable after more than one year | 29 | - | €317,234 | +€317,234 | |
| Trade receivables | 290 | - | €317,234 | +€317,234 | |
| Amounts receivable within one year | 40/41 | €39,993 | €255,400 | +€215,407 | +538.6% |
| Trade receivables | 40 | €22,820 | €28,429 | +€5,609 | +24.6% |
| Other amounts receivable | 41 | €17,173 | €226,971 | +€209,798 | +1221.7% |
| Cash at bank and in hand | 54/58 | €296,522 | €462,438 | +€165,917 | +56.0% |
| Deferred charges and accrued income | 490/1 | €2,530 | €3,164 | +€634 | +25.0% |
| Total equity and liabilities | 10/49 | €432,454 | €1,103,109 | +€670,655 | +155.1% |
| Equity | 10/15 | €377,180 | €1,099,311 | +€722,131 | +191.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,180 | €1,064,311 | +€722,131 | +211.0% |
| Amounts payable | 17/49 | €55,274 | €3,797 | -€51,477 | -93.1% |
| Amounts payable within one year | 42/48 | €55,274 | €3,797 | -€51,477 | -93.1% |
| Trade debts | 44 | €52,290 | €2,822 | -€49,469 | -94.6% |
| Suppliers | 440/4 | €52,290 | €2,822 | -€49,469 | -94.6% |
| Taxes, remuneration and social security | 45 | €2,984 | €975 | -€2,008 | -67.3% |
| Taxes | 450/3 | €2,984 | €975 | -€2,008 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,028 | €34,654 | +€626 | +1.8% |
| Other operating charges | 640/8 | €1,745 | €1,747 | +€2 | +0.1% |
| Gross operating margin | 9900 | -€91,659 | €782,872 | +€874,531 | |
| Operating profit (loss) | 9901 | -€127,432 | €746,471 | +€873,903 | |
| Financial income | 75/76B | €153,910 | €1,571 | -€152,339 | -99.0% |
| Recurring financial income | 75 | €2,865 | €1,571 | -€1,294 | -45.2% |
| Non-recurring financial income | 76B | €151,045 | - | -€151,045 | |
| Financial charges | 65/66B | €96 | €277 | +€182 | +190.0% |
| Recurring financial charges | 65 | €96 | €277 | +€182 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | €26,382 | €747,765 | +€721,382 | +2734.3% |
| Income taxes | 67/77 | €1,375 | €25,633 | +€24,259 | +1764.8% |
| Profit (loss) for the period | 9904 | €25,008 | €722,131 | +€697,124 | +2787.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,008 | €722,131 | +€697,124 | +2787.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.