JLMV: 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.
JLMV
Largest movements
- Financial fixed assets +€387,612
up €387,612 (+66.3%), from €585,000 to €972,612
- Receivables within one year -€198,977
down €198,977 (-85.5%), from €232,612 to €33,635
of which Other amounts receivable: -€169,947
- Cash +€150,198
up €150,198 (+560.0%), from €26,822 to €177,020
mainly Other debts (+€326,607) and Receivables within one year (+€198,977)
- Tangible fixed assets -€29,775
down €29,775 (-25.0%), from €119,125 to €89,350
of which Furniture and vehicles: -€28,674
- Other debts +€326,607
up €326,607 (+798.7%), from €40,891 to €367,499
- Tax, wage and social debts -€15,518
down €15,518 (-63.7%), from €24,342 to €8,824
- Gross operating margin -€59,893
down €59,893 (-53.6%), from €111,731 to €51,838
- Taxes -€14,039
down €14,039 (-61.4%), from €22,863 to €8,824
- Depreciation +€6,786
up €6,786 (+29.5%), from €22,989 to €29,775
- Financial income +€5,436
up €5,436 (+285.4%), from €1,905 to €7,341
- Other operating charges -€4,467
down €4,467 (-70.7%), from €6,314 to €1,847
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 | €966,559 | €1,272,616 | +€306,058 | +31.7% |
| Fixed assets | 21/28 | €704,125 | €1,061,962 | +€357,837 | +50.8% |
| Tangible fixed assets | 22/27 | €119,125 | €89,350 | -€29,775 | -25.0% |
| Furniture and vehicles | 24 | €110,028 | €81,354 | -€28,674 | -26.1% |
| Other tangible fixed assets | 26 | €9,097 | €7,996 | -€1,102 | -12.1% |
| Financial fixed assets | 28 | €585,000 | €972,612 | +€387,612 | +66.3% |
| Current assets | 29/58 | €262,434 | €210,655 | -€51,779 | -19.7% |
| Amounts receivable within one year | 40/41 | €232,612 | €33,635 | -€198,977 | -85.5% |
| Trade receivables | 40 | €40,525 | €11,495 | -€29,030 | -71.6% |
| Other amounts receivable | 41 | €192,087 | €22,140 | -€169,947 | -88.5% |
| Cash at bank and in hand | 54/58 | €26,822 | €177,020 | +€150,198 | +560.0% |
| Deferred charges and accrued income | 490/1 | €3,000 | €0 | -€3,000 | -100.0% |
| Total equity and liabilities | 10/49 | €966,559 | €1,272,616 | +€306,058 | +31.7% |
| Equity | 10/15 | €483,096 | €486,416 | +€3,319 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €470,696 | €474,016 | +€3,319 | +0.7% |
| Tax-exempt reserves | 132 | €3,495 | €3,495 | = | 0.0% |
| Distributable reserves | 133 | €467,202 | €470,521 | +€3,319 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €483,462 | €786,200 | +€302,738 | +62.6% |
| Amounts payable after more than one year | 17 | €406,686 | €406,686 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €406,686 | €406,686 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,360 | €379,514 | +€312,154 | +463.4% |
| Trade debts | 44 | €2,127 | €3,192 | +€1,065 | +50.1% |
| Suppliers | 440/4 | €2,127 | €3,192 | +€1,065 | +50.1% |
| Taxes, remuneration and social security | 45 | €24,342 | €8,824 | -€15,518 | -63.7% |
| Taxes | 450/3 | €24,342 | €8,824 | -€15,518 | -63.7% |
| Other amounts payable | 47/48 | €40,891 | €367,499 | +€326,607 | +798.7% |
| Accrued charges and deferred income | 492/3 | €9,416 | €0 | -€9,416 | -100.0% |
| Non-recurring operating income | 76A | €44,190 | €0 | -€44,190 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,989 | €29,775 | +€6,786 | +29.5% |
| Other operating charges | 640/8 | €6,314 | €1,847 | -€4,467 | -70.7% |
| Gross operating margin | 9900 | €111,731 | €51,838 | -€59,893 | -53.6% |
| Operating profit (loss) | 9901 | €82,428 | €20,216 | -€62,212 | -75.5% |
| Financial income | 75/76B | €1,905 | €7,341 | +€5,436 | +285.4% |
| Recurring financial income | 75 | €1,905 | €7,341 | +€5,436 | +285.4% |
| Financial charges | 65/66B | €14,523 | €15,414 | +€891 | +6.1% |
| Recurring financial charges | 65 | €14,523 | €15,414 | +€891 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €69,810 | €12,143 | -€57,667 | -82.6% |
| Income taxes | 67/77 | €22,863 | €8,824 | -€14,039 | -61.4% |
| Profit (loss) for the period | 9904 | €46,947 | €3,319 | -€43,628 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,947 | €3,319 | -€43,628 | -92.9% |
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 11 October 2026 via checked.be.