JLBV 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.
JLBV Management
Largest movements
- Receivables within one year +€21,896
up €21,896 (+65.0%), from €33,703 to €55,598
of which Trade receivables: +€16,422
- Tangible fixed assets +€13,493
up €13,493 (+8.5%), from €158,588 to €172,081
of which Land and buildings: +€12,015
- Cash +€5,280
up €5,280 (+28.7%), from €18,387 to €23,668
mainly Provisions (+€33,432) and Debts after one year (+€19,985)
- Provisions +€33,432
new in 2025: €33,432
- Debts after one year +€19,985
up €19,985 (+9.8%), from €203,591 to €223,577
- Other debts -€7,860
no longer reported in 2025 (was €7,860)
- Current portion of long-term debt +€7,179
up €7,179 (+27.2%), from €26,393 to €33,572
- Tax, wage and social debts -€5,519
down €5,519 (-42.9%), from €12,854 to €7,335
- Provisions +€33,432
new in 2025: €33,432
- Depreciation -€3,805
down €3,805 (-46.0%), from €8,272 to €4,468
- Taxes -€2,607
down €2,607 (-18.6%), from €14,000 to €11,393
- Gross operating margin -€1,244
down €1,244 (-2.2%), from €57,780 to €56,535
- Financial charges +€683
up €683 (+8.1%), from €8,425 to €9,108
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 | €355,678 | €396,552 | +€40,874 | +11.5% |
| Fixed assets | 21/28 | €303,588 | €317,081 | +€13,493 | +4.4% |
| Tangible fixed assets | 22/27 | €158,588 | €172,081 | +€13,493 | +8.5% |
| Land and buildings | 22 | €158,588 | €170,603 | +€12,015 | +7.6% |
| Furniture and vehicles | 24 | - | €1,477 | +€1,477 | |
| Financial fixed assets | 28 | €145,000 | €145,000 | = | 0.0% |
| Current assets | 29/58 | €52,090 | €79,471 | +€27,382 | +52.6% |
| Amounts receivable within one year | 40/41 | €33,703 | €55,598 | +€21,896 | +65.0% |
| Trade receivables | 40 | €33,703 | €50,125 | +€16,422 | +48.7% |
| Other amounts receivable | 41 | - | €5,473 | +€5,473 | |
| Cash at bank and in hand | 54/58 | €18,387 | €23,668 | +€5,280 | +28.7% |
| Deferred charges and accrued income | 490/1 | - | €206 | +€206 | |
| Total equity and liabilities | 10/49 | €355,678 | €396,552 | +€40,874 | +11.5% |
| Equity | 10/15 | €89,418 | €87,287 | -€2,131 | -2.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,418 | €28,287 | -€2,131 | -7.0% |
| Provisions and deferred taxes | 16 | - | €33,432 | +€33,432 | |
| Provisions for liabilities and charges | 160/5 | - | €33,432 | +€33,432 | |
| Environmental obligations | 163 | - | €33,432 | +€33,432 | |
| Amounts payable | 17/49 | €266,260 | €275,833 | +€9,573 | +3.6% |
| Amounts payable after more than one year | 17 | €203,591 | €223,577 | +€19,985 | +9.8% |
| Financial debts | 170/4 | €203,591 | €223,577 | +€19,985 | +9.8% |
| Amounts payable within one year | 42/48 | €62,668 | €52,256 | -€10,412 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €26,393 | €33,572 | +€7,179 | +27.2% |
| Financial debts | 43 | €5,054 | €4,046 | -€1,007 | -19.9% |
| Credit institutions | 430/8 | €5,054 | €4,046 | -€1,007 | -19.9% |
| Trade debts | 44 | €10,508 | €7,304 | -€3,204 | -30.5% |
| Suppliers | 440/4 | €10,508 | €7,304 | -€3,204 | -30.5% |
| Taxes, remuneration and social security | 45 | €12,854 | €7,335 | -€5,519 | -42.9% |
| Taxes | 450/3 | €12,854 | €7,335 | -€5,519 | -42.9% |
| Other amounts payable | 47/48 | €7,860 | - | -€7,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,272 | €4,468 | -€3,805 | -46.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €33,432 | +€33,432 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €57,780 | €56,535 | -€1,244 | -2.2% |
| Operating profit (loss) | 9901 | €49,120 | €18,236 | -€30,885 | -62.9% |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €8,425 | €9,108 | +€683 | +8.1% |
| Recurring financial charges | 65 | €8,425 | €9,108 | +€683 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €40,695 | €9,262 | -€31,433 | -77.2% |
| Income taxes | 67/77 | €14,000 | €11,393 | -€2,607 | -18.6% |
| Profit (loss) for the period | 9904 | €26,695 | -€2,131 | -€28,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,695 | -€2,131 | -€28,827 |
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 24 October 2026 via checked.be.