JLK: 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.
JLK
Largest movements
- Receivables within one year +€20,368
up €20,368 (+33.2%), from €61,420 to €81,788
of which Trade receivables: +€22,360
- Cash -€19,232
down €19,232 (-14.8%), from €129,827 to €110,595
mainly Receivables within one year (-€20,368) and Investment in fixed assets (net) (-€13,375)
- Stocks and contracts +€8,372
up €8,372 (+74.1%), from €11,301 to €19,673
- Tangible fixed assets -€7,874
down €7,874 (-15.9%), from €49,461 to €41,587
of which Leasing and similar rights: -€8,160
- Debts after one year -€12,105
down €12,105 (-51.5%), from €23,506 to €11,401
- Trade debts +€9,293
up €9,293 (+55.3%), from €16,801 to €26,094
- Other debts +€7,667
up €7,667 (+11.5%), from €66,506 to €74,174
- Reserves -€2,586
down €2,586 (-2.3%), from €113,774 to €111,188
of which Distributable reserves: -€2,586
- Gross operating margin -€15,050
down €15,050 (-35.5%), from €42,412 to €27,362
- Depreciation -€6,946
down €6,946 (-24.6%), from €28,195 to €21,249
- Taxes -€4,270
down €4,270 (-96.8%), from €4,411 to €141
- Other operating charges -€709
down €709 (-56.9%), from €1,246 to €537
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 | €252,158 | €253,668 | +€1,511 | +0.6% |
| Fixed assets | 21/28 | €49,486 | €41,612 | -€7,874 | -15.9% |
| Tangible fixed assets | 22/27 | €49,461 | €41,587 | -€7,874 | -15.9% |
| Plant, machinery and equipment | 23 | €5,395 | €10,798 | +€5,403 | +100.1% |
| Furniture and vehicles | 24 | €23,206 | €18,090 | -€5,117 | -22.0% |
| Leasing and similar rights | 25 | €20,860 | €12,700 | -€8,160 | -39.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €202,671 | €212,056 | +€9,385 | +4.6% |
| Stocks and contracts in progress | 3 | €11,301 | €19,673 | +€8,372 | +74.1% |
| Stocks | 30/36 | €11,301 | €19,673 | +€8,372 | +74.1% |
| Amounts receivable within one year | 40/41 | €61,420 | €81,788 | +€20,368 | +33.2% |
| Trade receivables | 40 | €48,790 | €71,151 | +€22,360 | +45.8% |
| Other amounts receivable | 41 | €12,630 | €10,638 | -€1,992 | -15.8% |
| Cash at bank and in hand | 54/58 | €129,827 | €110,595 | -€19,232 | -14.8% |
| Deferred charges and accrued income | 490/1 | €124 | - | -€124 | |
| Total equity and liabilities | 10/49 | €252,158 | €253,668 | +€1,511 | +0.6% |
| Equity | 10/15 | €126,174 | €123,588 | -€2,586 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,774 | €111,188 | -€2,586 | -2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,914 | €109,328 | -€2,586 | -2.3% |
| Amounts payable | 17/49 | €125,983 | €130,081 | +€4,097 | +3.3% |
| Amounts payable after more than one year | 17 | €23,506 | €11,401 | -€12,105 | -51.5% |
| Financial debts | 170/4 | €23,506 | €11,401 | -€12,105 | -51.5% |
| Amounts payable within one year | 42/48 | €102,477 | €118,680 | +€16,203 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €12,810 | €12,105 | -€705 | -5.5% |
| Trade debts | 44 | €16,801 | €26,094 | +€9,293 | +55.3% |
| Suppliers | 440/4 | €16,801 | €26,094 | +€9,293 | +55.3% |
| Taxes, remuneration and social security | 45 | €6,360 | €6,307 | -€53 | -0.8% |
| Taxes | 450/3 | €6,360 | €6,307 | -€53 | -0.8% |
| Other amounts payable | 47/48 | €66,506 | €74,174 | +€7,667 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,195 | €21,249 | -€6,946 | -24.6% |
| Other operating charges | 640/8 | €1,246 | €537 | -€709 | -56.9% |
| Gross operating margin | 9900 | €42,412 | €27,362 | -€15,050 | -35.5% |
| Operating profit (loss) | 9901 | €12,972 | €5,576 | -€7,395 | -57.0% |
| Financial income | 75/76B | €220 | €91 | -€129 | -58.6% |
| Recurring financial income | 75 | €125 | €91 | -€34 | -27.1% |
| Non-recurring financial income | 76B | €95 | - | -€95 | |
| Financial charges | 65/66B | €7,934 | €8,113 | +€179 | +2.3% |
| Recurring financial charges | 65 | €7,934 | €8,113 | +€179 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €5,258 | -€2,446 | -€7,704 | |
| Transfer from deferred taxes | 780 | €2,217 | - | -€2,217 | |
| Income taxes | 67/77 | €4,411 | €141 | -€4,270 | -96.8% |
| Profit (loss) for the period | 9904 | €3,064 | -€2,586 | -€5,651 | |
| Transfer from tax-exempt reserves | 789 | €6,652 | - | -€6,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,716 | -€2,586 | -€12,303 |
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 10 October 2026 via checked.be.