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JLA+: 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.

What changed

JLA+

BE 0801.168.233
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€141,031
2024 · €209,095-€68,064
Equity
€355,126
2024 · €214,095+€141,031
Cash
€394
2024 · €143,868-€143,474
Balance sheet total
€428,994
2024 · €262,493+€166,501

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€324,975

    up €324,975 (+313.6%), from €103,625 to €428,600

    of which Other amounts receivable: +€376,975

  • Cash -€143,474

    down €143,474 (-99.7%), from €143,868 to €394

    mainly Receivables within one year (-€324,975)

  • Financial fixed assets -€15,000

    no longer reported in 2025 (was €15,000)

Equity and liabilities
  • Reserves +€141,031

    up €141,031 (+67.4%), from €209,095 to €350,126

  • Tax, wage and social debts +€25,100

    up €25,100 (+52.8%), from €47,578 to €72,677

Income statement
  • Gross operating margin -€164,259

    down €164,259 (-53.5%), from €306,976 to €142,717

  • Financial income +€48,364

    up €48,364 (+7738.3%), from €625 to €48,989

    of which Non-recurring financial income: +€47,145

  • Taxes -€47,478

    down €47,478 (-48.7%), from €97,578 to €50,100

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €209,095
Gross operating margin -€164,259
Other operating charges +€372
Financial income +€48,364
Financial charges -€19
Taxes +€47,478
Result 2025 €141,031

Cash bridge derived

cash 2024 to 2025

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.

From operations -€158,474
Investment +€15,000
Financing €0
Cash 2024 €143,868
Net result for the year +€141,031
Receivables within one year -€324,975
Smaller working-capital items +€370
Tax, wage and social debts +€25,100
Investment in fixed assets (net) +€15,000
Cash 2025 €394
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €262,493 €428,994 +€166,501 +63.4%
Fixed assets 21/28 €15,000 - -€15,000
Financial fixed assets 28 €15,000 - -€15,000
Current assets 29/58 €247,493 €428,994 +€181,501 +73.3%
Amounts receivable within one year 40/41 €103,625 €428,600 +€324,975 +313.6%
Trade receivables 40 €52,000 - -€52,000
Other amounts receivable 41 €51,625 €428,600 +€376,975 +730.2%
Cash at bank and in hand 54/58 €143,868 €394 -€143,474 -99.7%
Total equity and liabilities 10/49 €262,493 €428,994 +€166,501 +63.4%
Equity 10/15 €214,095 €355,126 +€141,031 +65.9%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €209,095 €350,126 +€141,031 +67.4%
Distributable reserves 133 €209,095 €350,126 +€141,031 +67.4%
Amounts payable 17/49 €48,398 €73,868 +€25,470 +52.6%
Amounts payable within one year 42/48 €48,398 €73,868 +€25,470 +52.6%
Trade debts 44 €517 €988 +€471 +91.2%
Suppliers 440/4 €517 €988 +€471 +91.2%
Taxes, remuneration and social security 45 €47,578 €72,677 +€25,100 +52.8%
Taxes 450/3 €47,578 €72,677 +€25,100 +52.8%
Other amounts payable 47/48 €304 €203 -€101 -33.1%
Other operating charges 640/8 €772 €400 -€372 -48.2%
Gross operating margin 9900 €306,976 €142,717 -€164,259 -53.5%
Operating profit (loss) 9901 €306,204 €142,317 -€163,887 -53.5%
Financial income 75/76B €625 €48,989 +€48,364 +7738.3%
Recurring financial income 75 €625 €1,845 +€1,220 +195.1%
Non-recurring financial income 76B - €47,145 +€47,145
Financial charges 65/66B €157 €176 +€19 +12.2%
Recurring financial charges 65 €157 €176 +€19 +12.2%
Profit (loss) for the period before taxes 9903 €306,672 €191,131 -€115,542 -37.7%
Income taxes 67/77 €97,578 €50,100 -€47,478 -48.7%
Profit (loss) for the period 9904 €209,095 €141,031 -€68,064 -32.6%
Profit (loss) for the period to be appropriated 9905 €209,095 €141,031 -€68,064 -32.6%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.