JLB MGT: what changed
JLB MGT
Largest movements
- Cash -€28,465
down €28,465 (-14.8%), from €192,760 to €164,295
mainly Contributions, distributions and other (-€167,247) and Receivables within one year (-€2,834)
- Tangible fixed assets -€16,035
down €16,035 (-33.6%), from €47,704 to €31,669
of which Furniture and vehicles: -€12,890
- Receivables within one year +€2,834
up €2,834 (+4,096%), from €69 to €2,903
of which Other amounts receivable: +€2,406
- Profit (loss) carried forward -€88,835
no longer reported in 2025 (was €88,835)
- Other debts +€47,076
up €47,076 (+39.2%), from €120,200 to €167,275
- Gross operating margin -€15,661
down €15,661 (-11.5%), from €136,286 to €120,625
- Depreciation -€3,298
down €3,298 (-15.6%), from €21,178 to €17,880
- Taxes -€2,406
down €2,406 (-9.7%), from €24,931 to €22,525
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,158 | €201,248 | -€40,910 | -16.9% |
| Fixed assets | 21/28 | €48,844 | €32,809 | -€16,035 | -32.8% |
| Tangible fixed assets | 22/27 | €47,704 | €31,669 | -€16,035 | -33.6% |
| Furniture and vehicles | 24 | €43,712 | €30,822 | -€12,890 | -29.5% |
| Other tangible fixed assets | 26 | €3,992 | €847 | -€3,145 | -78.8% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €193,314 | €168,439 | -€24,875 | -12.9% |
| Amounts receivable within one year | 40/41 | €69 | €2,903 | +€2,834 | +4,096% |
| Trade receivables | 40 | - | €427 | +€427 | |
| Other amounts receivable | 41 | €69 | €2,475 | +€2,406 | +3,478% |
| Cash at bank and in hand | 54/58 | €192,760 | €164,295 | -€28,465 | -14.8% |
| Deferred charges and accrued income | 490/1 | €485 | €1,242 | +€757 | +156% |
| Total equity and liabilities | 10/49 | €242,158 | €201,248 | -€40,910 | -16.9% |
| Equity | 10/15 | €109,240 | €20,405 | -€88,835 | -81.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,835 | - | -€88,835 | |
| Amounts payable | 17/49 | €132,918 | €180,843 | +€47,926 | +36.1% |
| Amounts payable within one year | 42/48 | €132,918 | €180,843 | +€47,926 | +36.1% |
| Trade debts | 44 | €144 | €192 | +€48 | +33.7% |
| Suppliers | 440/4 | €144 | €192 | +€48 | +33.7% |
| Taxes, remuneration and social security | 45 | €12,574 | €13,376 | +€802 | +6.4% |
| Taxes | 450/3 | €12,574 | €13,376 | +€802 | +6.4% |
| Other amounts payable | 47/48 | €120,200 | €167,275 | +€47,076 | +39.2% |
| Non-recurring operating income | 76A | €11,312 | - | -€11,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,178 | €17,880 | -€3,298 | -15.6% |
| Other operating charges | 640/8 | €1,108 | €1,633 | +€524 | +47.3% |
| Gross operating margin | 9900 | €136,286 | €120,625 | -€15,661 | -11.5% |
| Operating profit (loss) | 9901 | €114,000 | €101,113 | -€12,887 | -11.3% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €244 | €176 | -€68 | -27.9% |
| Recurring financial charges | 65 | €244 | €176 | -€68 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €113,766 | €100,937 | -€12,829 | -11.3% |
| Income taxes | 67/77 | €24,931 | €22,525 | -€2,406 | -9.7% |
| Profit (loss) for the period | 9904 | €88,835 | €78,412 | -€10,423 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,835 | €78,412 | -€10,423 | -11.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.