JLF CONCEPT: 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.
JLF CONCEPT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€9,596
up €9,596 (+497%), from €1,931 to €11,527
- Short-term financial debts -€8,291
down €8,291 (-100%), from €8,291 to €0
- Profit (loss) carried forward -€1,630
down €1,630 (-15.1%), from -€10,765 to -€12,395
- Trade debts +€344
up €344 (+115%), from €298 to €642
- Other operating charges +€1,235
new in 2025: €1,235
- Depreciation -€595
no longer reported in 2025 (was €595)
- Gross operating margin +€87
up €87 (+22.3%), from -€392 to -€305
- Financial charges -€50
down €50 (-50.4%), from €100 to €50
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 | €1,630 | €1,633 | +€3 | +0.2% |
| Fixed assets | 21/28 | €1,424 | €1,424 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,424 | €1,424 | = | 0.0% |
| Current assets | 29/58 | €206 | €209 | +€3 | +1.6% |
| Amounts receivable within one year | 40/41 | €206 | €209 | +€3 | +1.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €206 | €209 | +€3 | +1.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | -€0 | -28.0% |
| Total equity and liabilities | 10/49 | €1,630 | €1,633 | +€3 | +0.2% |
| Equity | 10/15 | -€8,905 | -€10,535 | -€1,630 | -18.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,765 | -€12,395 | -€1,630 | -15.1% |
| Amounts payable | 17/49 | €10,535 | €12,168 | +€1,633 | +15.5% |
| Amounts payable within one year | 42/48 | €10,520 | €12,168 | +€1,648 | +15.7% |
| Financial debts | 43 | €8,291 | €0 | -€8,291 | -100% |
| Credit institutions | 430/8 | €8,291 | €0 | -€8,291 | -100% |
| Trade debts | 44 | €298 | €642 | +€344 | +115% |
| Suppliers | 440/4 | €298 | €642 | +€344 | +115% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,931 | €11,527 | +€9,596 | +497% |
| Accrued charges and deferred income | 492/3 | €15 | €0 | -€15 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | - | -€595 | |
| Other operating charges | 640/8 | - | €1,235 | +€1,235 | |
| Non-recurring operating charges | 66A | €15 | €41 | +€26 | +174% |
| Gross operating margin | 9900 | -€392 | -€305 | +€87 | +22.3% |
| Operating profit (loss) | 9901 | -€1,002 | -€1,580 | -€578 | -57.7% |
| Financial charges | 65/66B | €100 | €50 | -€50 | -50.4% |
| Recurring financial charges | 65 | €100 | €50 | -€50 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,102 | -€1,630 | -€528 | -47.9% |
| Profit (loss) for the period | 9904 | -€1,102 | -€1,630 | -€528 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,102 | -€1,630 | -€528 | -47.9% |
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 14 October 2026 via checked.be.