JLM ACTIVITIES: 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.
JLM ACTIVITIES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€442,823
up €442,823 (+709%), from €62,500 to €505,323
- Profit (loss) carried forward -€431,524
down €431,524 (-89.6%), from €481,783 to €50,259
- Debts after one year -€59,643
down €59,643 (-16.4%), from €364,000 to €304,357
- Trade debts +€48,271
up €48,271 (+1,058%), from €4,560 to €52,831
- Tax, wage and social debts +€22,372
up €22,372 (+12,766%), from €175 to €22,547
- Gross operating margin -€16,821
down €16,821 (-9.1%), from €184,951 to €168,130
- Financial charges -€8,415
down €8,415 (-38.5%), from €21,850 to €13,435
- Other operating charges -€2,291
down €2,291 (-7.6%), from €30,125 to €27,834
- Taxes +€2,248
up €2,248 (+9.7%), from €23,175 to €25,423
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 | €1,272,785 | €1,279,244 | +€6,460 | +0.5% |
| Fixed assets | 21/28 | €1,203,108 | €1,210,460 | +€7,351 | +0.6% |
| Tangible fixed assets | 22/27 | €1,203,108 | €1,210,460 | +€7,351 | +0.6% |
| Land and buildings | 22 | €1,201,394 | €1,210,354 | +€8,959 | +0.7% |
| Furniture and vehicles | 24 | €1,714 | €106 | -€1,608 | -93.8% |
| Current assets | 29/58 | €69,676 | €68,785 | -€892 | -1.3% |
| Amounts receivable within one year | 40/41 | €176 | €176 | = | 0.0% |
| Trade receivables | 40 | €176 | €176 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,063 | €67,064 | +€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,437 | €1,545 | -€893 | -36.6% |
| Total equity and liabilities | 10/49 | €1,272,785 | €1,279,244 | +€6,460 | +0.5% |
| Equity | 10/15 | €755,511 | €312,749 | -€442,762 | -58.6% |
| Contributions | 10/11 | €174,046 | €174,046 | = | 0.0% |
| Capital | 10 | €174,046 | €174,046 | = | 0.0% |
| Issued capital | 100 | €174,046 | €174,046 | = | 0.0% |
| Reserves | 13 | €93,687 | €82,789 | -€10,898 | -11.6% |
| Non-distributable reserves | 130/1 | €17,405 | €17,405 | = | 0.0% |
| Legal reserve | 130 | €17,405 | €17,405 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,283 | €65,385 | -€10,898 | -14.3% |
| Profit (loss) carried forward | 14 | €481,783 | €50,259 | -€431,524 | -89.6% |
| Investment grants | 15 | €5,994 | €5,654 | -€340 | -5.7% |
| Provisions and deferred taxes | 16 | €25,428 | €21,795 | -€3,633 | -14.3% |
| Deferred taxes | 168 | €25,428 | €21,795 | -€3,633 | -14.3% |
| Amounts payable | 17/49 | €491,846 | €944,701 | +€452,855 | +92.1% |
| Amounts payable after more than one year | 17 | €364,000 | €304,357 | -€59,643 | -16.4% |
| Financial debts | 170/4 | €364,000 | €304,357 | -€59,643 | -16.4% |
| Amounts payable within one year | 42/48 | €126,879 | €640,344 | +€513,465 | +405% |
| Current portion of amounts payable after more than one year | 42 | €59,643 | €59,643 | = | 0.0% |
| Trade debts | 44 | €4,560 | €52,831 | +€48,271 | +1,058% |
| Suppliers | 440/4 | €4,560 | €52,831 | +€48,271 | +1,058% |
| Taxes, remuneration and social security | 45 | €175 | €22,547 | +€22,372 | +12,766% |
| Taxes | 450/3 | €175 | €22,547 | +€22,372 | +12,766% |
| Other amounts payable | 47/48 | €62,500 | €505,323 | +€442,823 | +709% |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,574 | €47,832 | +€259 | +0.5% |
| Other operating charges | 640/8 | €30,125 | €27,834 | -€2,291 | -7.6% |
| Gross operating margin | 9900 | €184,951 | €168,130 | -€16,821 | -9.1% |
| Operating profit (loss) | 9901 | €107,252 | €92,463 | -€14,789 | -13.8% |
| Financial income | 75/76B | €340 | €340 | = | 0.0% |
| Recurring financial income | 75 | €340 | €340 | = | 0.0% |
| Financial charges | 65/66B | €21,850 | €13,435 | -€8,415 | -38.5% |
| Recurring financial charges | 65 | €21,850 | €13,435 | -€8,415 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €85,742 | €79,368 | -€6,374 | -7.4% |
| Transfer from deferred taxes | 780 | €3,633 | €3,633 | = | 0.0% |
| Income taxes | 67/77 | €23,175 | €25,423 | +€2,248 | +9.7% |
| Profit (loss) for the period | 9904 | €66,199 | €57,578 | -€8,622 | -13.0% |
| Transfer from tax-exempt reserves | 789 | €10,898 | €10,898 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,098 | €68,476 | -€8,622 | -11.2% |
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 18 October 2026 via checked.be.