JLC 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.
JLC Management
Largest movements
- Financial fixed assets +€572,840
up €572,840 (+115%), from €497,100 to €1.1m
- Tangible fixed assets -€36,346
down €36,346 (-96.2%), from €37,774 to €1,428
of which Leasing and similar rights: -€35,568
- Receivables within one year +€16,235
up €16,235 (+193%), from €8,418 to €24,653
of which Trade receivables: +€15,208
- Deferred charges and accrued income +€15,120
up €15,120 (+1,927%), from €785 to €15,904
- Debts after one year +€436,999
up €436,999 (+262%), from €166,896 to €603,895
- Reserves +€81,223
up €81,223 (+19.3%), from €419,992 to €501,215
- Other debts +€51,515
up €51,515 (+72.3%), from €71,278 to €122,793
- Financial income -€100,000
down €100,000 (-71.4%), from €140,000 to €40,000
- Gross operating margin -€67,203
down €67,203 (-45.4%), from €148,129 to €80,926
- Taxes -€23,917
down €23,917 (-46.3%), from €51,673 to €27,756
- Depreciation -€11,356
down €11,356 (-93.6%), from €12,134 to €778
- Financial charges -€2,896
down €2,896 (-24.4%), from €11,888 to €8,992
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 | €737,099 | €1,302,980 | +€565,881 | +76.8% |
| Fixed assets | 21/28 | €534,874 | €1,071,368 | +€536,494 | +100% |
| Tangible fixed assets | 22/27 | €37,774 | €1,428 | -€36,346 | -96.2% |
| Furniture and vehicles | 24 | €2,207 | €1,428 | -€778 | -35.3% |
| Leasing and similar rights | 25 | €35,568 | €0 | -€35,568 | -100% |
| Financial fixed assets | 28 | €497,100 | €1,069,940 | +€572,840 | +115% |
| Current assets | 29/58 | €202,225 | €231,611 | +€29,387 | +14.5% |
| Amounts receivable within one year | 40/41 | €8,418 | €24,653 | +€16,235 | +193% |
| Trade receivables | 40 | €2,200 | €17,409 | +€15,208 | +691% |
| Other amounts receivable | 41 | €6,218 | €7,244 | +€1,027 | +16.5% |
| Cash at bank and in hand | 54/58 | €193,022 | €191,054 | -€1,968 | -1.0% |
| Deferred charges and accrued income | 490/1 | €785 | €15,904 | +€15,120 | +1,927% |
| Total equity and liabilities | 10/49 | €737,099 | €1,302,980 | +€565,881 | +76.8% |
| Equity | 10/15 | €426,192 | €507,415 | +€81,223 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €419,992 | €501,215 | +€81,223 | +19.3% |
| Distributable reserves | 133 | €419,992 | €501,215 | +€81,223 | +19.3% |
| Amounts payable | 17/49 | €310,907 | €795,565 | +€484,658 | +156% |
| Amounts payable after more than one year | 17 | €166,896 | €603,895 | +€436,999 | +262% |
| Financial debts | 170/4 | €166,896 | €603,895 | +€436,999 | +262% |
| Amounts payable within one year | 42/48 | €135,990 | €182,291 | +€46,301 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €56,178 | €43,310 | -€12,869 | -22.9% |
| Trade debts | 44 | €1,437 | €11,283 | +€9,846 | +685% |
| Suppliers | 440/4 | €1,437 | €11,283 | +€9,846 | +685% |
| Taxes, remuneration and social security | 45 | €7,097 | €4,905 | -€2,192 | -30.9% |
| Taxes | 450/3 | €4,433 | €2,265 | -€2,167 | -48.9% |
| Remuneration and social security | 454/9 | €2,665 | €2,640 | -€24 | -0.9% |
| Other amounts payable | 47/48 | €71,278 | €122,793 | +€51,515 | +72.3% |
| Accrued charges and deferred income | 492/3 | €8,021 | €9,379 | +€1,358 | +16.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,134 | €778 | -€11,356 | -93.6% |
| Other operating charges | 640/8 | €2,636 | €2,178 | -€459 | -17.4% |
| Gross operating margin | 9900 | €148,129 | €80,926 | -€67,203 | -45.4% |
| Operating profit (loss) | 9901 | €133,359 | €77,970 | -€55,388 | -41.5% |
| Financial income | 75/76B | €140,000 | €40,000 | -€100,000 | -71.4% |
| Recurring financial income | 75 | €140,000 | €40,000 | -€100,000 | -71.4% |
| Financial charges | 65/66B | €11,888 | €8,992 | -€2,896 | -24.4% |
| Recurring financial charges | 65 | €11,888 | €8,992 | -€2,896 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €261,471 | €108,979 | -€152,492 | -58.3% |
| Income taxes | 67/77 | €51,673 | €27,756 | -€23,917 | -46.3% |
| Profit (loss) for the period | 9904 | €209,798 | €81,223 | -€128,576 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €209,798 | €81,223 | -€128,576 | -61.3% |
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 22 October 2026 via checked.be.