JLSD Management: 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.
JLSD Management
Largest movements
- Tangible fixed assets +€94,728
up €94,728 (+419%), from €22,582 to €117,310
of which Land and buildings: +€67,785
- Financial fixed assets +€20,000
up €20,000 (+3,534%), from €566 to €20,566
- Receivables within one year +€16,871
up €16,871 (+18.6%), from €90,895 to €107,766
of which Trade receivables: +€15,906
- Cash +€6,094
up €6,094 (+225%), from €2,708 to €8,801
mainly Debts after one year (+€140,458) and Depreciation (+€21,057)
- Debts after one year +€140,458
up €140,458 (+367%), from €38,284 to €178,742
of which Other amounts payable: +€102,500
- Other debts -€16,503
down €16,503 (-93.6%), from €17,630 to €1,127
- Profit (loss) carried forward +€8,497
up €8,497 (+95.8%), from €8,872 to €17,369
- Current portion of long-term debt +€7,996
up €7,996 (+83.6%), from €9,561 to €17,557
- Tax, wage and social debts -€3,059
down €3,059 (-29.9%), from €10,247 to €7,188
- Gross operating margin +€11,868
up €11,868 (+39.9%), from €29,743 to €41,610
- Depreciation +€6,722
up €6,722 (+46.9%), from €14,335 to €21,057
- Financial charges +€3,961
up €3,961 (+129%), from €3,071 to €7,032
- Taxes +€1,162
up €1,162 (+40.0%), from €2,906 to €4,067
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.
Derived cash bridge
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 | €117,019 | €255,378 | +€138,360 | +118% |
| Fixed assets | 21/28 | €23,148 | €137,876 | +€114,728 | +496% |
| Tangible fixed assets | 22/27 | €22,582 | €117,310 | +€94,728 | +419% |
| Land and buildings | 22 | - | €67,785 | +€67,785 | |
| Plant, machinery and equipment | 23 | €594 | €19,214 | +€18,620 | +3,132% |
| Furniture and vehicles | 24 | €21,988 | €30,311 | +€8,323 | +37.9% |
| Financial fixed assets | 28 | €566 | €20,566 | +€20,000 | +3,534% |
| Current assets | 29/58 | €93,871 | €117,503 | +€23,632 | +25.2% |
| Amounts receivable within one year | 40/41 | €90,895 | €107,766 | +€16,871 | +18.6% |
| Trade receivables | 40 | €40,895 | €56,801 | +€15,906 | +38.9% |
| Other amounts receivable | 41 | €50,000 | €50,965 | +€965 | +1.9% |
| Cash at bank and in hand | 54/58 | €2,708 | €8,801 | +€6,094 | +225% |
| Deferred charges and accrued income | 490/1 | €268 | €935 | +€667 | +249% |
| Total equity and liabilities | 10/49 | €117,019 | €255,378 | +€138,360 | +118% |
| Equity | 10/15 | €35,872 | €44,369 | +€8,497 | +23.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,500 | €24,500 | = | 0.0% |
| Distributable reserves | 133 | €24,500 | €24,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,872 | €17,369 | +€8,497 | +95.8% |
| Amounts payable | 17/49 | €81,147 | €211,010 | +€129,863 | +160% |
| Amounts payable after more than one year | 17 | €38,284 | €178,742 | +€140,458 | +367% |
| Financial debts | 170/4 | €11,284 | €49,242 | +€37,958 | +336% |
| Other amounts payable | 178/9 | €27,000 | €129,500 | +€102,500 | +380% |
| Amounts payable within one year | 42/48 | €40,703 | €27,130 | -€13,574 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €9,561 | €17,557 | +€7,996 | +83.6% |
| Trade debts | 44 | €3,266 | €1,259 | -€2,007 | -61.5% |
| Suppliers | 440/4 | €3,266 | €1,259 | -€2,007 | -61.5% |
| Taxes, remuneration and social security | 45 | €10,247 | €7,188 | -€3,059 | -29.9% |
| Taxes | 450/3 | €10,247 | €7,188 | -€3,059 | -29.9% |
| Other amounts payable | 47/48 | €17,630 | €1,127 | -€16,503 | -93.6% |
| Accrued charges and deferred income | 492/3 | €2,160 | €5,138 | +€2,978 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,335 | €21,057 | +€6,722 | +46.9% |
| Other operating charges | 640/8 | €778 | €957 | +€179 | +22.9% |
| Gross operating margin | 9900 | €29,743 | €41,610 | +€11,868 | +39.9% |
| Operating profit (loss) | 9901 | €14,629 | €19,596 | +€4,967 | +34.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,071 | €7,032 | +€3,961 | +129% |
| Recurring financial charges | 65 | €3,071 | €7,032 | +€3,961 | +129% |
| Profit (loss) for the period before taxes | 9903 | €11,559 | €12,564 | +€1,006 | +8.7% |
| Income taxes | 67/77 | €2,906 | €4,067 | +€1,162 | +40.0% |
| Profit (loss) for the period | 9904 | €8,653 | €8,497 | -€156 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,653 | €8,497 | -€156 | -1.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.