JLco: 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.
JLco
Largest movements
- Financial fixed assets +€3.6m
up €3.6m, from €0 to €3.6m
- Cash +€189,348
up €189,348 (+853%), from €22,208 to €211,556
mainly Other debts (+€3.2m) and Contributions, distributions and other (+€350,000)
- Receivables within one year +€152,906
up €152,906 (+672%), from €22,768 to €175,674
of which Other amounts receivable: +€150,000
- Other debts +€3.2m
up €3.2m (+24,270%), from €13,188 to €3.2m
- Contributions +€350,000
up €350,000 (+1,400%), from €25,000 to €375,000
- Debts after one year +€320,000
up €320,000 (+213%), from €150,000 to €470,000
- Current portion of long-term debt +€50,000
up €50,000, from €0 to €50,000
- Financial charges -€123,526
down €123,526 (-96.9%), from €127,491 to €3,964
of which Non-recurring financial charges: -€124,950
- Gross operating margin -€7,641
down €7,641 (-45.8%), from €16,686 to €9,045
- Other operating charges +€1,426
up €1,426 (+214%), from €668 to €2,094
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,576 | €3,971,391 | +€3.9m | +7,752% |
| Fixed assets | 21/28 | €1,365 | €3,584,161 | +€3.6m | +262,570% |
| Tangible fixed assets | 22/27 | €1,365 | €16,311 | +€14,947 | +1,095% |
| Plant, machinery and equipment | 23 | €1,241 | €12,711 | +€11,470 | +924% |
| Furniture and vehicles | 24 | €123 | €3,600 | +€3,477 | +2,826% |
| Financial fixed assets | 28 | €0 | €3,567,850 | +€3.6m | |
| Current assets | 29/58 | €49,211 | €387,230 | +€338,018 | +687% |
| Amounts receivable within one year | 40/41 | €22,768 | €175,674 | +€152,906 | +672% |
| Trade receivables | 40 | €22,768 | €25,674 | +€2,906 | +12.8% |
| Other amounts receivable | 41 | €0 | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €22,208 | €211,556 | +€189,348 | +853% |
| Deferred charges and accrued income | 490/1 | €4,236 | €0 | -€4,236 | -100% |
| Total equity and liabilities | 10/49 | €50,576 | €3,971,391 | +€3.9m | +7,752% |
| Equity | 10/15 | -€142,546 | €208,869 | +€351,414 | |
| Contributions | 10/11 | €25,000 | €375,000 | +€350,000 | +1,400% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100% |
| Distributable reserves | 133 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | -€170,046 | -€168,631 | +€1,414 | +0.8% |
| Amounts payable | 17/49 | €193,122 | €3,762,522 | +€3.6m | +1,848% |
| Amounts payable after more than one year | 17 | €150,000 | €470,000 | +€320,000 | +213% |
| Financial debts | 170/4 | €150,000 | €470,000 | +€320,000 | +213% |
| Amounts payable within one year | 42/48 | €41,966 | €3,290,922 | +€3.2m | +7,742% |
| Current portion of amounts payable after more than one year | 42 | €0 | €50,000 | +€50,000 | |
| Trade debts | 44 | €5,890 | €15,056 | +€9,167 | +156% |
| Suppliers | 440/4 | €5,890 | €15,056 | +€9,167 | +156% |
| Advances received on contracts in progress | 46 | €20,718 | €0 | -€20,718 | -100% |
| Taxes, remuneration and social security | 45 | €2,170 | €12,029 | +€9,859 | +454% |
| Taxes | 450/3 | €2,170 | €12,029 | +€9,859 | +454% |
| Other amounts payable | 47/48 | €13,188 | €3,213,837 | +€3.2m | +24,270% |
| Accrued charges and deferred income | 492/3 | €1,156 | €1,600 | +€444 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,302 | +€52 | +4.1% |
| Other operating charges | 640/8 | €668 | €2,094 | +€1,426 | +214% |
| Gross operating margin | 9900 | €16,686 | €9,045 | -€7,641 | -45.8% |
| Operating profit (loss) | 9901 | €14,768 | €5,650 | -€9,119 | -61.7% |
| Financial income | 75/76B | €0 | €81 | +€81 | |
| Recurring financial income | 75 | €0 | €81 | +€81 | |
| Financial charges | 65/66B | €127,491 | €3,964 | -€123,526 | -96.9% |
| Recurring financial charges | 65 | €2,541 | €3,964 | +€1,424 | +56.0% |
| Non-recurring financial charges | 66B | €124,950 | €0 | -€124,950 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€112,722 | €1,766 | +€114,488 | |
| Income taxes | 67/77 | €246 | €352 | +€106 | +42.9% |
| Profit (loss) for the period | 9904 | -€112,969 | €1,414 | +€114,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,969 | €1,414 | +€114,383 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.