JLO Ventures: 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 Ventures
Largest movements
- Cash -€37,570
down €37,570 (-74.7%), from €50,285 to €12,716
mainly Debts after one year (-€156,429) and Other debts (-€13,127)
- Debts after one year -€156,429
down €156,429 (-24.1%), from €648,571 to €492,142
- Reserves +€95,077
up €95,077 (+716.8%), from €13,265 to €108,342
- Current portion of long-term debt +€40,000
up €40,000 (+43.7%), from €91,429 to €131,429
- Other debts -€13,127
down €13,127 (-13.0%), from €100,793 to €87,666
- Gross operating margin +€110,748
up €110,748 (+375.2%), from €29,515 to €140,264
- Financial charges +€24,522
up €24,522 (+230.9%), from €10,621 to €35,142
- Taxes +€3,967
up €3,967 (+79.8%), from €4,968 to €8,935
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 | €951,864 | €917,928 | -€33,936 | -3.6% |
| Fixed assets | 21/28 | €900,000 | €903,665 | +€3,665 | +0.4% |
| Tangible fixed assets | 22/27 | - | €3,665 | +€3,665 | |
| Furniture and vehicles | 24 | - | €3,665 | +€3,665 | |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €51,864 | €14,263 | -€37,600 | -72.5% |
| Cash at bank and in hand | 54/58 | €50,285 | €12,716 | -€37,570 | -74.7% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,548 | -€31 | -1.9% |
| Total equity and liabilities | 10/49 | €951,864 | €917,928 | -€33,936 | -3.6% |
| Equity | 10/15 | €98,265 | €193,342 | +€95,077 | +96.8% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €13,265 | €108,342 | +€95,077 | +716.8% |
| Distributable reserves | 133 | €13,265 | €108,342 | +€95,077 | +716.8% |
| Amounts payable | 17/49 | €853,599 | €724,586 | -€129,012 | -15.1% |
| Amounts payable after more than one year | 17 | €648,571 | €492,142 | -€156,429 | -24.1% |
| Financial debts | 170/4 | €648,571 | €492,142 | -€156,429 | -24.1% |
| Amounts payable within one year | 42/48 | €205,028 | €232,444 | +€27,417 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €91,429 | €131,429 | +€40,000 | +43.7% |
| Trade debts | 44 | €558 | €192 | -€366 | -65.6% |
| Suppliers | 440/4 | €558 | €192 | -€366 | -65.6% |
| Taxes, remuneration and social security | 45 | €12,247 | €13,157 | +€910 | +7.4% |
| Taxes | 450/3 | €12,247 | €13,157 | +€910 | +7.4% |
| Other amounts payable | 47/48 | €100,793 | €87,666 | -€13,127 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €241 | +€241 | |
| Other operating charges | 640/8 | €662 | €871 | +€209 | +31.6% |
| Gross operating margin | 9900 | €29,515 | €140,264 | +€110,748 | +375.2% |
| Operating profit (loss) | 9901 | €28,854 | €139,152 | +€110,298 | +382.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €10,621 | €35,142 | +€24,522 | +230.9% |
| Recurring financial charges | 65 | €10,621 | €35,142 | +€24,522 | +230.9% |
| Profit (loss) for the period before taxes | 9903 | €18,233 | €104,012 | +€85,779 | +470.5% |
| Income taxes | 67/77 | €4,968 | €8,935 | +€3,967 | +79.8% |
| Profit (loss) for the period | 9904 | €13,265 | €95,077 | +€81,812 | +616.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,265 | €95,077 | +€81,812 | +616.8% |
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 9 October 2026 via checked.be.