JLO Concept: 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.
JLO Concept
Largest movements
- Cash -€15,774
down €15,774 (-57.0%), from €27,667 to €11,893
mainly Other debts (-€20,469) and Investment in fixed assets (net) (-€17,193)
- Tangible fixed assets -€8,957
down €8,957 (-9.3%), from €96,509 to €87,553
of which Plant, machinery and equipment: -€14,268
- Stocks and contracts +€6,049
up €6,049 (+123.9%), from €4,884 to €10,933
- Other debts -€20,469
down €20,469 (-72.5%), from €28,241 to €7,772
- Profit (loss) carried forward +€6,767
up €6,767, from -€1,004 to €5,763
- Tax, wage and social debts -€3,033
down €3,033 (-24.0%), from €12,615 to €9,582
of which Taxes: -€3,033
- Gross operating margin +€21,005
up €21,005 (+131.9%), from €15,926 to €36,930
- Depreciation +€1,719
up €1,719 (+7.0%), from €24,430 to €26,150
- Taxes +€923
up €923 (+1541.8%), from €60 to €982
- Other operating charges +€486
up €486 (+20.1%), from €2,422 to €2,909
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 | €133,516 | €115,899 | -€17,617 | -13.2% |
| Fixed assets | 21/28 | €97,850 | €88,894 | -€8,957 | -9.2% |
| Tangible fixed assets | 22/27 | €96,509 | €87,553 | -€8,957 | -9.3% |
| Plant, machinery and equipment | 23 | €39,711 | €25,443 | -€14,268 | -35.9% |
| Furniture and vehicles | 24 | €4,582 | €2,835 | -€1,747 | -38.1% |
| Other tangible fixed assets | 26 | €52,216 | €59,275 | +€7,059 | +13.5% |
| Financial fixed assets | 28 | €1,341 | €1,341 | = | 0.0% |
| Current assets | 29/58 | €35,666 | €27,006 | -€8,660 | -24.3% |
| Stocks and contracts in progress | 3 | €4,884 | €10,933 | +€6,049 | +123.9% |
| Stocks | 30/36 | €4,884 | €10,933 | +€6,049 | +123.9% |
| Amounts receivable within one year | 40/41 | €3,115 | €4,180 | +€1,065 | +34.2% |
| Trade receivables | 40 | €3,115 | €2,467 | -€649 | -20.8% |
| Other amounts receivable | 41 | - | €1,713 | +€1,713 | |
| Cash at bank and in hand | 54/58 | €27,667 | €11,893 | -€15,774 | -57.0% |
| Total equity and liabilities | 10/49 | €133,516 | €115,899 | -€17,617 | -13.2% |
| Equity | 10/15 | €18,996 | €25,763 | +€6,767 | +35.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,004 | €5,763 | +€6,767 | |
| Amounts payable | 17/49 | €114,520 | €90,136 | -€24,384 | -21.3% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,520 | €20,136 | -€24,384 | -54.8% |
| Trade debts | 44 | €3,664 | €2,782 | -€882 | -24.1% |
| Suppliers | 440/4 | €3,664 | €2,782 | -€882 | -24.1% |
| Taxes, remuneration and social security | 45 | €12,615 | €9,582 | -€3,033 | -24.0% |
| Taxes | 450/3 | €9,015 | €5,982 | -€3,033 | -33.6% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €28,241 | €7,772 | -€20,469 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,430 | €26,150 | +€1,719 | +7.0% |
| Other operating charges | 640/8 | €2,422 | €2,909 | +€486 | +20.1% |
| Gross operating margin | 9900 | €15,926 | €36,930 | +€21,005 | +131.9% |
| Operating profit (loss) | 9901 | -€10,927 | €7,872 | +€18,799 | |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €106 | €180 | +€74 | +69.8% |
| Recurring financial charges | 65 | €106 | €180 | +€74 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,033 | €7,750 | +€18,783 | |
| Income taxes | 67/77 | €60 | €982 | +€923 | +1541.8% |
| Profit (loss) for the period | 9904 | -€11,093 | €6,767 | +€17,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,093 | €6,767 | +€17,860 |
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 5 October 2026 via checked.be.