JLH 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.
JLH MANAGEMENT
Largest movements
- Deferred charges and accrued income -€11,351
down €11,351 (-91.6%), from €12,393 to €1,042
- Receivables within one year +€5,162
up €5,162 (+23.3%), from €22,123 to €27,285
of which Other amounts receivable: +€10,701
- Tangible fixed assets -€3,221
down €3,221 (-53.2%), from €6,053 to €2,832
of which Furniture and vehicles: -€2,819
- Cash +€801
up €801 (+1,994%), from €40 to €841
mainly Deferred charges and accrued income (+€11,351) and Depreciation (+€4,761)
- Profit (loss) carried forward -€14,170
down €14,170, from €1,105 to -€13,065
- Trade debts +€3,352
up €3,352 (+344%), from €976 to €4,328
- Tax, wage and social debts +€2,284
up €2,284 (+30.3%), from €7,543 to €9,827
- Write-downs +€12,000
no longer reported in 2025 (was -€12,000)
- Gross operating margin -€4,705
down €4,705 (-10,965%), from -€43 to -€4,748
- Taxes -€1,808
down €1,808 (-92.8%), from €1,949 to €140
- Depreciation -€712
down €712 (-13.0%), from €5,473 to €4,761
- Financial charges +€257
up €257 (+1,026%), from €25 to €282
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 | €40,609 | €32,000 | -€8,610 | -21.2% |
| Fixed assets | 21/28 | €6,053 | €2,832 | -€3,221 | -53.2% |
| Tangible fixed assets | 22/27 | €6,053 | €2,832 | -€3,221 | -53.2% |
| Land and buildings | 22 | €244 | - | -€244 | |
| Plant, machinery and equipment | 23 | €287 | €129 | -€158 | -55.0% |
| Furniture and vehicles | 24 | €5,522 | €2,703 | -€2,819 | -51.1% |
| Current assets | 29/58 | €34,556 | €29,167 | -€5,389 | -15.6% |
| Amounts receivable within one year | 40/41 | €22,123 | €27,285 | +€5,162 | +23.3% |
| Trade receivables | 40 | €22,063 | €16,524 | -€5,539 | -25.1% |
| Other amounts receivable | 41 | €60 | €10,761 | +€10,701 | +17,752% |
| Cash at bank and in hand | 54/58 | €40 | €841 | +€801 | +1,994% |
| Deferred charges and accrued income | 490/1 | €12,393 | €1,042 | -€11,351 | -91.6% |
| Total equity and liabilities | 10/49 | €40,609 | €32,000 | -€8,610 | -21.2% |
| Equity | 10/15 | €32,015 | €17,845 | -€14,170 | -44.3% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €13,910 | €13,910 | = | 0.0% |
| Distributable reserves | 133 | €13,910 | €13,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,105 | -€13,065 | -€14,170 | |
| Amounts payable | 17/49 | €8,594 | €14,155 | +€5,560 | +64.7% |
| Amounts payable within one year | 42/48 | €8,594 | €14,155 | +€5,560 | +64.7% |
| Trade debts | 44 | €976 | €4,328 | +€3,352 | +344% |
| Suppliers | 440/4 | €976 | €4,328 | +€3,352 | +344% |
| Taxes, remuneration and social security | 45 | €7,543 | €9,827 | +€2,284 | +30.3% |
| Taxes | 450/3 | €7,543 | €9,827 | +€2,284 | +30.3% |
| Other amounts payable | 47/48 | €76 | - | -€76 | |
| Remuneration, social security and pensions | 62 | €3,708 | €3,597 | -€111 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,473 | €4,761 | -€712 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,000 | - | +€12,000 | |
| Other operating charges | 640/8 | €634 | €649 | +€16 | +2.5% |
| Gross operating margin | 9900 | -€43 | -€4,748 | -€4,705 | -10,965% |
| Operating profit (loss) | 9901 | €2,142 | -€13,755 | -€15,898 | |
| Financial income | 75/76B | €2 | €8 | +€6 | +368% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +368% |
| Financial charges | 65/66B | €25 | €282 | +€257 | +1,026% |
| Recurring financial charges | 65 | €25 | €282 | +€257 | +1,026% |
| Profit (loss) for the period before taxes | 9903 | €2,119 | -€14,030 | -€16,148 | |
| Income taxes | 67/77 | €1,949 | €140 | -€1,808 | -92.8% |
| Profit (loss) for the period | 9904 | €170 | -€14,170 | -€14,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €170 | -€14,170 | -€14,340 |
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 27 October 2026 via checked.be.