JLMG: 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.
JLMG
Largest movements
- Cash +€29,208
up €29,208 (+73.8%), from €39,573 to €68,781
mainly Net result for the year (+€18,892) and Deferred charges and accrued income (+€9,169)
- Deferred charges and accrued income -€9,169
down €9,169 (-70.3%), from €13,041 to €3,872
- Receivables within one year -€1,970
down €1,970 (-53.0%), from €3,718 to €1,748
of which Trade receivables: -€2,249
- Tangible fixed assets -€1,683
down €1,683 (-39.4%), from €4,272 to €2,590
- Profit (loss) carried forward +€18,892
up €18,892 (+34.9%), from €54,086 to €72,978
- Tax, wage and social debts -€2,487
down €2,487 (-100.0%), from €2,487 to €0
- Gross operating margin -€46,032
down €46,032 (-63.1%), from €72,985 to €26,953
- Taxes -€8,370
down €8,370 (-57.8%), from €14,487 to €6,118
- Depreciation -€2,481
down €2,481 (-59.6%), from €4,164 to €1,683
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 | €60,604 | €76,990 | +€16,386 | +27.0% |
| Fixed assets | 21/28 | €4,272 | €2,590 | -€1,683 | -39.4% |
| Tangible fixed assets | 22/27 | €4,272 | €2,590 | -€1,683 | -39.4% |
| Furniture and vehicles | 24 | €4,272 | €2,590 | -€1,683 | -39.4% |
| Current assets | 29/58 | €56,331 | €74,400 | +€18,069 | +32.1% |
| Amounts receivable within one year | 40/41 | €3,718 | €1,748 | -€1,970 | -53.0% |
| Trade receivables | 40 | €2,249 | €0 | -€2,249 | -100.0% |
| Other amounts receivable | 41 | €1,469 | €1,748 | +€279 | +19.0% |
| Cash at bank and in hand | 54/58 | €39,573 | €68,781 | +€29,208 | +73.8% |
| Deferred charges and accrued income | 490/1 | €13,041 | €3,872 | -€9,169 | -70.3% |
| Total equity and liabilities | 10/49 | €60,604 | €76,990 | +€16,386 | +27.0% |
| Equity | 10/15 | €58,086 | €76,978 | +€18,892 | +32.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,086 | €72,978 | +€18,892 | +34.9% |
| Amounts payable | 17/49 | €2,518 | €12 | -€2,506 | -99.5% |
| Amounts payable within one year | 42/48 | €2,518 | €12 | -€2,506 | -99.5% |
| Trade debts | 44 | €30 | €12 | -€19 | -60.9% |
| Suppliers | 440/4 | €30 | €12 | -€19 | -60.9% |
| Taxes, remuneration and social security | 45 | €2,487 | €0 | -€2,487 | -100.0% |
| Taxes | 450/3 | €2,487 | €0 | -€2,487 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €1,683 | -€2,481 | -59.6% |
| Other operating charges | 640/8 | €182 | €290 | +€108 | +59.4% |
| Gross operating margin | 9900 | €72,985 | €26,953 | -€46,032 | -63.1% |
| Operating profit (loss) | 9901 | €68,640 | €24,980 | -€43,660 | -63.6% |
| Financial income | 75/76B | €31 | €83 | +€52 | +172.1% |
| Recurring financial income | 75 | €31 | €83 | +€52 | +172.1% |
| Financial charges | 65/66B | €97 | €53 | -€44 | -45.4% |
| Recurring financial charges | 65 | €97 | €53 | -€44 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €68,573 | €25,010 | -€43,563 | -63.5% |
| Income taxes | 67/77 | €14,487 | €6,118 | -€8,370 | -57.8% |
| Profit (loss) for the period | 9904 | €54,086 | €18,892 | -€35,194 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,086 | €18,892 | -€35,194 | -65.1% |
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 3 October 2026 via checked.be.