JLK: 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.
JLK
Largest movements
- Tangible fixed assets -€16,855
down €16,855 (-7.7%), from €219,696 to €202,841
- Receivables within one year -€5,693
no longer reported in 2025 (was €5,693)
of which Trade receivables: -€4,764
- Deferred charges and accrued income -€2,970
no longer reported in 2025 (was €2,970)
- Trade debts -€78,189
down €78,189 (-99.5%), from €78,551 to €362
- Other debts +€58,242
up €58,242 (+182.8%), from €31,862 to €90,104
- Debts after one year -€17,001
down €17,001 (-15.1%), from €112,682 to €95,681
- Profit (loss) carried forward +€9,139
up €9,139 (+8.4%), from -€108,458 to -€99,319
- Gross operating margin +€56,029
up €56,029, from -€28,025 to €28,004
- Financial income -€9,818
down €9,818 (-87.9%), from €11,172 to €1,354
- Financial charges -€3,666
down €3,666 (-55.3%), from €6,631 to €2,965
- Depreciation -€1,418
down €1,418 (-7.8%), from €18,272 to €16,854
- Other operating charges -€1,129
down €1,129 (-73.8%), from €1,529 to €400
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.
Cash bridge derived
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 | €230,331 | €203,186 | -€27,145 | -11.8% |
| Fixed assets | 21/28 | €219,696 | €202,841 | -€16,855 | -7.7% |
| Tangible fixed assets | 22/27 | €219,696 | €202,841 | -€16,855 | -7.7% |
| Land and buildings | 22 | €172,446 | €164,296 | -€8,150 | -4.7% |
| Furniture and vehicles | 24 | €1,005 | €194 | -€811 | -80.7% |
| Other tangible fixed assets | 26 | €46,245 | €38,351 | -€7,894 | -17.1% |
| Current assets | 29/58 | €10,636 | €345 | -€10,291 | -96.8% |
| Amounts receivable within one year | 40/41 | €5,693 | - | -€5,693 | |
| Trade receivables | 40 | €4,764 | - | -€4,764 | |
| Other amounts receivable | 41 | €929 | - | -€929 | |
| Cash at bank and in hand | 54/58 | €1,972 | €345 | -€1,627 | -82.5% |
| Deferred charges and accrued income | 490/1 | €2,970 | - | -€2,970 | |
| Total equity and liabilities | 10/49 | €230,331 | €203,186 | -€27,145 | -11.8% |
| Equity | 10/15 | -€62,279 | -€54,495 | +€7,784 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | -€108,458 | -€99,319 | +€9,139 | +8.4% |
| Investment grants | 15 | €25,718 | €24,364 | -€1,354 | -5.3% |
| Amounts payable | 17/49 | €292,611 | €257,681 | -€34,930 | -11.9% |
| Amounts payable after more than one year | 17 | €112,682 | €95,681 | -€17,001 | -15.1% |
| Financial debts | 170/4 | €112,682 | €95,681 | -€17,001 | -15.1% |
| Amounts payable within one year | 42/48 | €179,929 | €162,000 | -€17,929 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €17,848 | €19,866 | +€2,018 | +11.3% |
| Trade debts | 44 | €78,551 | €362 | -€78,189 | -99.5% |
| Suppliers | 440/4 | €78,551 | €362 | -€78,189 | -99.5% |
| Taxes, remuneration and social security | 45 | €51,668 | €51,668 | -€0 | 0.0% |
| Taxes | 450/3 | €51,668 | €51,668 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €31,862 | €90,104 | +€58,242 | +182.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,272 | €16,854 | -€1,418 | -7.8% |
| Other operating charges | 640/8 | €1,529 | €400 | -€1,129 | -73.8% |
| Gross operating margin | 9900 | -€28,025 | €28,004 | +€56,029 | |
| Operating profit (loss) | 9901 | -€47,825 | €10,750 | +€58,575 | |
| Financial income | 75/76B | €11,172 | €1,354 | -€9,818 | -87.9% |
| Recurring financial income | 75 | €11,172 | €1,354 | -€9,818 | -87.9% |
| Financial charges | 65/66B | €6,631 | €2,965 | -€3,666 | -55.3% |
| Recurring financial charges | 65 | €6,631 | €2,965 | -€3,666 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,284 | €9,139 | +€52,423 | |
| Profit (loss) for the period | 9904 | -€43,284 | €9,139 | +€52,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,284 | €9,139 | +€52,423 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.