JLD: 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.
JLD
Largest movements
- Current investments -€125,000
down €125,000 (-33.3%), from €375,000 to €250,000
- Tangible fixed assets +€112,846
up €112,846 (+30.9%), from €364,731 to €477,577
of which Land and buildings: +€108,217
- Cash -€37,552
down €37,552 (-55.8%), from €67,332 to €29,780
mainly Investment in fixed assets (net) (-€168,142) and Net result for the year (-€35,917)
- Reserves -€35,476
down €35,476 (-7.4%), from €476,840 to €441,364
of which Tax-exempt reserves: -€35,476
- Provisions -€11,825
down €11,825 (-7.9%), from €149,416 to €137,590
- Depreciation +€18,252
up €18,252 (+49.3%), from €37,044 to €55,296
- Financial income +€8,862
up €8,862 (+821.0%), from €1,079 to €9,941
- Gross operating margin +€3,190
up €3,190 (+924.6%), from €345 to €3,535
- Other operating charges +€854
up €854 (+17.1%), from €5,003 to €5,857
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.
Cash bridge derived
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 | €808,562 | €761,502 | -€47,059 | -5.8% |
| Fixed assets | 21/28 | €364,731 | €477,577 | +€112,846 | +30.9% |
| Tangible fixed assets | 22/27 | €364,731 | €477,577 | +€112,846 | +30.9% |
| Land and buildings | 22 | €352,235 | €460,452 | +€108,217 | +30.7% |
| Plant, machinery and equipment | 23 | €3,028 | €2,640 | -€388 | -12.8% |
| Assets under construction and advance payments | 27 | €9,468 | €14,485 | +€5,017 | +53.0% |
| Current assets | 29/58 | €443,831 | €283,925 | -€159,905 | -36.0% |
| Amounts receivable within one year | 40/41 | €324 | €2,982 | +€2,659 | +821.0% |
| Other amounts receivable | 41 | €324 | €2,982 | +€2,659 | +821.0% |
| Current investments | 50/53 | €375,000 | €250,000 | -€125,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €67,332 | €29,780 | -€37,552 | -55.8% |
| Deferred charges and accrued income | 490/1 | €1,175 | €1,163 | -€12 | -1.0% |
| Total equity and liabilities | 10/49 | €808,562 | €761,502 | -€47,059 | -5.8% |
| Equity | 10/15 | €648,940 | €613,023 | -€35,917 | -5.5% |
| Contributions | 10/11 | €171,432 | €171,432 | = | 0.0% |
| Reserves | 13 | €476,840 | €441,364 | -€35,476 | -7.4% |
| Tax-exempt reserves | 132 | €448,247 | €412,771 | -€35,476 | -7.9% |
| Distributable reserves | 133 | €28,593 | €28,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | €668 | €227 | -€441 | -66.1% |
| Provisions and deferred taxes | 16 | €149,416 | €137,590 | -€11,825 | -7.9% |
| Deferred taxes | 168 | €149,416 | €137,590 | -€11,825 | -7.9% |
| Amounts payable | 17/49 | €10,206 | €10,889 | +€683 | +6.7% |
| Amounts payable within one year | 42/48 | €10,206 | €10,889 | +€683 | +6.7% |
| Trade debts | 44 | - | €216 | +€216 | |
| Suppliers | 440/4 | - | €216 | +€216 | |
| Other amounts payable | 47/48 | €10,206 | €10,673 | +€468 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,044 | €55,296 | +€18,252 | +49.3% |
| Other operating charges | 640/8 | €5,003 | €5,857 | +€854 | +17.1% |
| Gross operating margin | 9900 | €345 | €3,535 | +€3,190 | +924.6% |
| Operating profit (loss) | 9901 | -€41,702 | -€57,618 | -€15,916 | -38.2% |
| Financial income | 75/76B | €1,079 | €9,941 | +€8,862 | +821.0% |
| Recurring financial income | 75 | €1,079 | €9,941 | +€8,862 | +821.0% |
| Financial charges | 65/66B | €68 | €66 | -€2 | -2.2% |
| Recurring financial charges | 65 | €68 | €66 | -€2 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,690 | -€47,742 | -€7,053 | -17.3% |
| Transfer from deferred taxes | 780 | €8,373 | €11,825 | +€3,452 | +41.2% |
| Profit (loss) for the period | 9904 | -€32,316 | -€35,917 | -€3,601 | -11.1% |
| Transfer from tax-exempt reserves | 789 | €25,120 | €35,476 | +€10,356 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,196 | -€441 | +€6,755 | +93.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.