JLS Group: 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.
JLS Group
Largest movements
- Tangible fixed assets +€89,972
up €89,972 (+39.5%), from €227,943 to €317,915
of which Other tangible fixed assets: +€53,815
- Cash -€15,067
down €15,067 (-27.3%), from €55,216 to €40,149
mainly Investment in fixed assets (net) (-€101,427) and Net result for the year (-€2,559)
- Debts after one year +€57,061
up €57,061 (+57.6%), from €99,024 to €156,086
- Current portion of long-term debt +€14,216
up €14,216 (+125.7%), from €11,312 to €25,527
- Gross operating margin -€41,567
down €41,567 (-71.3%), from €58,331 to €16,764
- Taxes -€12,143
no longer reported in 2025 (was €12,143)
- Depreciation +€10,915
up €10,915 (+2023.7%), from €539 to €11,455
- Financial charges +€2,121
up €2,121 (+51.9%), from €4,089 to €6,210
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 | €360,198 | €433,175 | +€72,977 | +20.3% |
| Fixed assets | 21/28 | €227,943 | €317,915 | +€89,972 | +39.5% |
| Tangible fixed assets | 22/27 | €227,943 | €317,915 | +€89,972 | +39.5% |
| Land and buildings | 22 | €200,000 | €200,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €201 | €4,849 | +€4,648 | +2316.3% |
| Furniture and vehicles | 24 | €23 | €31,531 | +€31,508 | +137291.7% |
| Other tangible fixed assets | 26 | - | €53,815 | +€53,815 | |
| Assets under construction and advance payments | 27 | €27,720 | €27,720 | = | 0.0% |
| Current assets | 29/58 | €132,255 | €115,260 | -€16,995 | -12.9% |
| Stocks and contracts in progress | 3 | €9,727 | €10,349 | +€622 | +6.4% |
| Stocks | 30/36 | €9,727 | €10,349 | +€622 | +6.4% |
| Amounts receivable within one year | 40/41 | €61,027 | €58,917 | -€2,110 | -3.5% |
| Trade receivables | 40 | €60,949 | €54,917 | -€6,031 | -9.9% |
| Other amounts receivable | 41 | €78 | €4,000 | +€3,922 | +4996.8% |
| Cash at bank and in hand | 54/58 | €55,216 | €40,149 | -€15,067 | -27.3% |
| Deferred charges and accrued income | 490/1 | €6,285 | €5,845 | -€440 | -7.0% |
| Total equity and liabilities | 10/49 | €360,198 | €433,175 | +€72,977 | +20.3% |
| Equity | 10/15 | €127,106 | €124,547 | -€2,559 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,646 | €104,087 | -€2,559 | -2.4% |
| Amounts payable | 17/49 | €233,092 | €308,628 | +€75,536 | +32.4% |
| Amounts payable after more than one year | 17 | €99,024 | €156,086 | +€57,061 | +57.6% |
| Financial debts | 170/4 | €99,024 | €156,086 | +€57,061 | +57.6% |
| Amounts payable within one year | 42/48 | €134,068 | €152,542 | +€18,474 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €11,312 | €25,527 | +€14,216 | +125.7% |
| Financial debts | 43 | €1,355 | €124 | -€1,230 | -90.8% |
| Credit institutions | 430/8 | €1,355 | €124 | -€1,230 | -90.8% |
| Trade debts | 44 | €9,641 | €12,427 | +€2,786 | +28.9% |
| Suppliers | 440/4 | €9,641 | €12,427 | +€2,786 | +28.9% |
| Taxes, remuneration and social security | 45 | €12,721 | €12,327 | -€394 | -3.1% |
| Taxes | 450/3 | €12,721 | €12,327 | -€394 | -3.1% |
| Other amounts payable | 47/48 | €99,041 | €102,137 | +€3,097 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539 | €11,455 | +€10,915 | +2023.7% |
| Other operating charges | 640/8 | €1,907 | €1,659 | -€248 | -13.0% |
| Non-recurring operating charges | 66A | €6,286 | - | -€6,286 | |
| Gross operating margin | 9900 | €58,331 | €16,764 | -€41,567 | -71.3% |
| Operating profit (loss) | 9901 | €49,599 | €3,651 | -€45,948 | -92.6% |
| Financial income | 75/76B | €28 | €1 | -€27 | -97.7% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -97.7% |
| Financial charges | 65/66B | €4,089 | €6,210 | +€2,121 | +51.9% |
| Recurring financial charges | 65 | €4,089 | €6,210 | +€2,121 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €45,537 | -€2,559 | -€48,096 | |
| Income taxes | 67/77 | €12,143 | - | -€12,143 | |
| Profit (loss) for the period | 9904 | €33,395 | -€2,559 | -€35,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,395 | -€2,559 | -€35,954 |
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 7 October 2026 via checked.be.