JLM Projects: 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 Projects
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+241.9%), from €451,593 to €1.5m
of which Land and buildings: +€1.1m
- Cash -€50,523
down €50,523 (-18.3%), from €275,423 to €224,900
mainly Investment in fixed assets (net) (-€1.2m) and Tax, wage and social debts (-€8,629)
- Debts after one year +€778,014
up €778,014 (+298.6%), from €260,556 to €1.0m
- Trade debts +€118,442
up €118,442 (+8536.1%), from €1,388 to €119,829
- Current portion of long-term debt +€64,841
up €64,841 (+277.9%), from €23,333 to €88,175
- Profit (loss) carried forward +€62,347
up €62,347 (+25.4%), from €245,681 to €308,029
- Depreciation +€86,639
up €86,639 (+339.4%), from €25,530 to €112,168
- Taxes -€35,219
down €35,219 (-93.9%), from €37,516 to €2,297
- Financial charges +€8,037
up €8,037 (+41.6%), from €19,298 to €27,335
- Gross operating margin +€2,595
up €2,595 (+1.3%), from €206,272 to €208,867
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 | €743,081 | €1,771,320 | +€1.0m | +138.4% |
| Fixed assets | 21/28 | €451,593 | €1,544,072 | +€1.1m | +241.9% |
| Tangible fixed assets | 22/27 | €451,593 | €1,543,822 | +€1.1m | +241.9% |
| Land and buildings | 22 | €421,052 | €1,507,667 | +€1.1m | +258.1% |
| Plant, machinery and equipment | 23 | €5,412 | €35,237 | +€29,825 | +551.1% |
| Furniture and vehicles | 24 | €25,129 | €919 | -€24,211 | -96.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €291,488 | €227,248 | -€64,241 | -22.0% |
| Amounts receivable within one year | 40/41 | €14,532 | €12 | -€14,520 | -99.9% |
| Trade receivables | 40 | €14,520 | - | -€14,520 | |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €275,423 | €224,900 | -€50,523 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,534 | €2,336 | +€802 | +52.3% |
| Total equity and liabilities | 10/49 | €743,081 | €1,771,320 | +€1.0m | +138.4% |
| Equity | 10/15 | €248,181 | €310,529 | +€62,347 | +25.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,681 | €308,029 | +€62,347 | +25.4% |
| Amounts payable | 17/49 | €494,900 | €1,460,791 | +€965,891 | +195.2% |
| Amounts payable after more than one year | 17 | €260,556 | €1,038,570 | +€778,014 | +298.6% |
| Financial debts | 170/4 | €260,556 | €1,038,570 | +€778,014 | +298.6% |
| Amounts payable within one year | 42/48 | €196,645 | €376,558 | +€179,912 | +91.5% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €88,175 | +€64,841 | +277.9% |
| Trade debts | 44 | €1,388 | €119,829 | +€118,442 | +8536.1% |
| Suppliers | 440/4 | €1,388 | €119,829 | +€118,442 | +8536.1% |
| Taxes, remuneration and social security | 45 | €62,058 | €53,429 | -€8,629 | -13.9% |
| Taxes | 450/3 | €62,058 | €49,884 | -€12,173 | -19.6% |
| Remuneration and social security | 454/9 | - | €3,545 | +€3,545 | |
| Other amounts payable | 47/48 | €109,867 | €115,125 | +€5,258 | +4.8% |
| Accrued charges and deferred income | 492/3 | €37,699 | €45,664 | +€7,965 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,530 | €112,168 | +€86,639 | +339.4% |
| Other operating charges | 640/8 | €4,494 | €4,720 | +€226 | +5.0% |
| Gross operating margin | 9900 | €206,272 | €208,867 | +€2,595 | +1.3% |
| Operating profit (loss) | 9901 | €176,248 | €91,979 | -€84,269 | -47.8% |
| Financial charges | 65/66B | €19,298 | €27,335 | +€8,037 | +41.6% |
| Recurring financial charges | 65 | €19,298 | €27,335 | +€8,037 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €156,950 | €64,645 | -€92,306 | -58.8% |
| Income taxes | 67/77 | €37,516 | €2,297 | -€35,219 | -93.9% |
| Profit (loss) for the period | 9904 | €119,435 | €62,347 | -€57,087 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,435 | €62,347 | -€57,087 | -47.8% |
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 9 October 2026 via checked.be.