JL4 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.
JL4 Management
Largest movements
- Tangible fixed assets +€62,166
new in 2025: €62,166
of which Leasing and similar rights: +€60,339
- Cash +€46,586
up €46,586 (+160%), from €29,196 to €75,781
mainly Net result for the year (+€70,397) and Debts after one year (+€37,437)
- Receivables within one year +€16,456
new in 2025: €16,456
- Reserves +€69,564
up €69,564 (+763%), from €9,118 to €78,683
- Debts after one year +€37,437
new in 2025: €37,437
- Tax, wage and social debts +€12,810
up €12,810 (+112%), from €11,407 to €24,217
- Current portion of long-term debt +€5,616
up €5,616 (+225%), from €2,500 to €8,116
- Gross operating margin +€84,976
up €84,976 (+588%), from €14,458 to €99,434
- Taxes +€16,229
up €16,229 (+544%), from €2,985 to €19,214
- Depreciation +€7,164
up €7,164 (+1,162%), from €617 to €7,780
- Financial charges +€1,331
up €1,331 (+1,212%), from €110 to €1,441
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 | €31,013 | €155,577 | +€124,564 | +402% |
| Formation expenses | 20 | €440 | €0 | -€440 | -100% |
| Fixed assets | 21/28 | - | €62,166 | +€62,166 | |
| Tangible fixed assets | 22/27 | - | €62,166 | +€62,166 | |
| Furniture and vehicles | 24 | - | €1,827 | +€1,827 | |
| Leasing and similar rights | 25 | - | €60,339 | +€60,339 | |
| Current assets | 29/58 | €30,573 | €93,411 | +€62,838 | +206% |
| Amounts receivable within one year | 40/41 | - | €16,456 | +€16,456 | |
| Trade receivables | 40 | - | €16,456 | +€16,456 | |
| Cash at bank and in hand | 54/58 | €29,196 | €75,781 | +€46,586 | +160% |
| Deferred charges and accrued income | 490/1 | €1,377 | €1,174 | -€203 | -14.8% |
| Total equity and liabilities | 10/49 | €31,013 | €155,577 | +€124,564 | +402% |
| Equity | 10/15 | €9,618 | €79,183 | +€69,564 | +723% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €9,118 | €78,683 | +€69,564 | +763% |
| Distributable reserves | 133 | €9,118 | €78,683 | +€69,564 | +763% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,395 | €76,395 | +€55,000 | +257% |
| Amounts payable after more than one year | 17 | - | €37,437 | +€37,437 | |
| Financial debts | 170/4 | - | €37,437 | +€37,437 | |
| Amounts payable within one year | 42/48 | €21,395 | €38,958 | +€17,563 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €8,116 | +€5,616 | +225% |
| Trade debts | 44 | €2,266 | €898 | -€1,368 | -60.4% |
| Suppliers | 440/4 | €2,266 | €898 | -€1,368 | -60.4% |
| Taxes, remuneration and social security | 45 | €11,407 | €24,217 | +€12,810 | +112% |
| Taxes | 450/3 | €11,407 | €24,217 | +€12,810 | +112% |
| Other amounts payable | 47/48 | €5,222 | €5,726 | +€504 | +9.7% |
| Non-recurring operating income | 76A | - | €16,384 | +€16,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617 | €7,780 | +€7,164 | +1,162% |
| Other operating charges | 640/8 | €776 | €751 | -€25 | -3.2% |
| Gross operating margin | 9900 | €14,458 | €99,434 | +€84,976 | +588% |
| Operating profit (loss) | 9901 | €13,066 | €90,903 | +€77,837 | +596% |
| Financial income | 75/76B | €6 | €150 | +€143 | +2,344% |
| Recurring financial income | 75 | €6 | €150 | +€143 | +2,344% |
| Financial charges | 65/66B | €110 | €1,441 | +€1,331 | +1,212% |
| Recurring financial charges | 65 | €110 | €1,441 | +€1,331 | +1,212% |
| Profit (loss) for the period before taxes | 9903 | €12,962 | €89,612 | +€76,650 | +591% |
| Income taxes | 67/77 | €2,985 | €19,214 | +€16,229 | +544% |
| Profit (loss) for the period | 9904 | €9,977 | €70,397 | +€60,420 | +606% |
| Profit (loss) for the period to be appropriated | 9905 | €9,977 | €70,397 | +€60,420 | +606% |
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.