JLB: 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.
JLB
Largest movements
- Cash +€22,186
up €22,186 (+37.5%), from €59,233 to €81,419
mainly Net result for the year (+€50,391) and Other debts (+€27,109)
- Current investments +€12,350
up €12,350 (+18.6%), from €66,490 to €78,840
- Receivables within one year -€4,433
down €4,433 (-13.8%), from €32,186 to €27,753
of which Trade receivables: -€4,257
- Other debts +€27,109
up €27,109 (+152.7%), from €17,755 to €44,864
- Reserves +€19,484
up €19,484 (+17.2%), from €113,046 to €132,531
- Contributions -€10,200
down €10,200 (-91.1%), from €11,200 to €1,000
- Gross operating margin -€17,924
down €17,924 (-19.7%), from €90,992 to €73,067
- Depreciation -€9,839
down €9,839 (-93.8%), from €10,485 to €646
- Taxes -€1,759
down €1,759 (-8.2%), from €21,496 to €19,737
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 | €161,136 | €194,077 | +€32,942 | +20.4% |
| Fixed assets | 21/28 | €709 | €2,126 | +€1,417 | +199.7% |
| Tangible fixed assets | 22/27 | €709 | €2,126 | +€1,417 | +199.7% |
| Furniture and vehicles | 24 | €709 | €292 | -€417 | -58.8% |
| Other tangible fixed assets | 26 | - | €1,834 | +€1,834 | |
| Current assets | 29/58 | €160,426 | €191,951 | +€31,525 | +19.7% |
| Amounts receivable within one year | 40/41 | €32,186 | €27,753 | -€4,433 | -13.8% |
| Trade receivables | 40 | €32,009 | €27,753 | -€4,257 | -13.3% |
| Other amounts receivable | 41 | €176 | - | -€176 | |
| Current investments | 50/53 | €66,490 | €78,840 | +€12,350 | +18.6% |
| Cash at bank and in hand | 54/58 | €59,233 | €81,419 | +€22,186 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,518 | €3,940 | +€1,422 | +56.5% |
| Total equity and liabilities | 10/49 | €161,136 | €194,077 | +€32,942 | +20.4% |
| Equity | 10/15 | €124,246 | €133,531 | +€9,284 | +7.5% |
| Contributions | 10/11 | €11,200 | €1,000 | -€10,200 | -91.1% |
| Reserves | 13 | €113,046 | €132,531 | +€19,484 | +17.2% |
| Distributable reserves | 133 | €113,046 | €132,531 | +€19,484 | +17.2% |
| Amounts payable | 17/49 | €36,889 | €60,547 | +€23,657 | +64.1% |
| Amounts payable within one year | 42/48 | €36,889 | €60,547 | +€23,657 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €690 | - | -€690 | |
| Trade debts | 44 | €2,980 | €1,916 | -€1,064 | -35.7% |
| Suppliers | 440/4 | €2,980 | €1,916 | -€1,064 | -35.7% |
| Taxes, remuneration and social security | 45 | €15,465 | €13,767 | -€1,698 | -11.0% |
| Taxes | 450/3 | €12,165 | €10,467 | -€1,698 | -14.0% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €17,755 | €44,864 | +€27,109 | +152.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,485 | €646 | -€9,839 | -93.8% |
| Other operating charges | 640/8 | €985 | €1,014 | +€29 | +3.0% |
| Gross operating margin | 9900 | €90,992 | €73,067 | -€17,924 | -19.7% |
| Operating profit (loss) | 9901 | €79,522 | €71,407 | -€8,115 | -10.2% |
| Financial income | 75/76B | €521 | €1,043 | +€522 | +100.2% |
| Recurring financial income | 75 | €521 | €1,043 | +€522 | +100.2% |
| Financial charges | 65/66B | €2,652 | €2,323 | -€329 | -12.4% |
| Recurring financial charges | 65 | €2,652 | €2,323 | -€329 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €77,391 | €70,128 | -€7,263 | -9.4% |
| Income taxes | 67/77 | €21,496 | €19,737 | -€1,759 | -8.2% |
| Profit (loss) for the period | 9904 | €55,895 | €50,391 | -€5,504 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,895 | €50,391 | -€5,504 | -9.8% |
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 5 October 2026 via checked.be.