JLR: 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.
JLR
Largest movements
- Tangible fixed assets +€722,818
up €722,818 (+36.1%), from €2.0m to €2.7m
of which Land and buildings: +€694,893
- Receivables within one year -€77,628
down €77,628 (-29.3%), from €265,375 to €187,746
of which Trade receivables: -€262,643
- Revaluation surpluses +€366,792
new in 2025: €366,792
- Trade debts +€354,804
new in 2025: €354,804
- Other debts +€339,805
up €339,805 (+23.4%), from €1.5m to €1.8m
- Profit (loss) carried forward -€337,589
down €337,589 (-69.8%), from -€483,316 to -€820,905
- Debts after one year -€67,434
down €67,434 (-5.7%), from €1.2m to €1.1m
- Financial charges +€60,085
up €60,085 (+233.6%), from €25,722 to €85,806
- Gross operating margin +€14,181
up €14,181 (+7.6%), from -€186,560 to -€172,379
- Other operating charges -€3,502
down €3,502 (-22.4%), from €15,664 to €12,163
- Depreciation +€3,252
up €3,252 (+5.1%), from €63,989 to €67,241
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 | €2,275,903 | €2,924,967 | +€649,064 | +28.5% |
| Fixed assets | 21/28 | €2,000,909 | €2,723,727 | +€722,818 | +36.1% |
| Tangible fixed assets | 22/27 | €2,000,909 | €2,723,727 | +€722,818 | +36.1% |
| Land and buildings | 22 | €1,866,840 | €2,561,733 | +€694,893 | +37.2% |
| Plant, machinery and equipment | 23 | €61,951 | €76,556 | +€14,606 | +23.6% |
| Furniture and vehicles | 24 | €13,119 | €9,588 | -€3,532 | -26.9% |
| Other tangible fixed assets | 26 | €59,000 | €75,850 | +€16,850 | +28.6% |
| Current assets | 29/58 | €274,994 | €201,240 | -€73,754 | -26.8% |
| Amounts receivable within one year | 40/41 | €265,375 | €187,746 | -€77,628 | -29.3% |
| Trade receivables | 40 | €265,375 | €2,731 | -€262,643 | -99.0% |
| Other amounts receivable | 41 | - | €185,015 | +€185,015 | |
| Cash at bank and in hand | 54/58 | €9,620 | €13,494 | +€3,875 | +40.3% |
| Total equity and liabilities | 10/49 | €2,275,903 | €2,924,967 | +€649,064 | +28.5% |
| Equity | 10/15 | -€433,316 | -€404,113 | +€29,203 | +6.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €366,792 | +€366,792 | |
| Profit (loss) carried forward | 14 | -€483,316 | -€820,905 | -€337,589 | -69.8% |
| Amounts payable | 17/49 | €2,709,220 | €3,329,080 | +€619,860 | +22.9% |
| Amounts payable after more than one year | 17 | €1,178,310 | €1,110,876 | -€67,434 | -5.7% |
| Financial debts | 170/4 | €1,178,310 | €1,110,876 | -€67,434 | -5.7% |
| Amounts payable within one year | 42/48 | €1,526,160 | €2,212,854 | +€686,694 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €66,559 | - | -€66,559 | |
| Financial debts | 43 | - | €67,434 | +€67,434 | |
| Credit institutions | 430/8 | - | €67,434 | +€67,434 | |
| Trade debts | 44 | - | €354,804 | +€354,804 | |
| Suppliers | 440/4 | - | €354,804 | +€354,804 | |
| Taxes, remuneration and social security | 45 | €8,789 | - | -€8,789 | |
| Taxes | 450/3 | €8,789 | - | -€8,789 | |
| Other amounts payable | 47/48 | €1,450,811 | €1,790,616 | +€339,805 | +23.4% |
| Accrued charges and deferred income | 492/3 | €4,750 | €5,350 | +€600 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,989 | €67,241 | +€3,252 | +5.1% |
| Other operating charges | 640/8 | €15,664 | €12,163 | -€3,502 | -22.4% |
| Gross operating margin | 9900 | -€186,560 | -€172,379 | +€14,181 | +7.6% |
| Operating profit (loss) | 9901 | -€266,213 | -€251,782 | +€14,431 | +5.4% |
| Financial charges | 65/66B | €25,722 | €85,806 | +€60,085 | +233.6% |
| Recurring financial charges | 65 | €25,722 | €85,806 | +€60,085 | +233.6% |
| Profit (loss) for the period before taxes | 9903 | -€291,935 | -€337,589 | -€45,654 | -15.6% |
| Profit (loss) for the period | 9904 | -€291,935 | -€337,589 | -€45,654 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€291,935 | -€337,589 | -€45,654 | -15.6% |
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 2 October 2026 via checked.be.