JLV: 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.
What changed
JLV
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,587
2024 · €15,412-€3,826
Equity
€5.1m
2024 · €419,246+€4.6m
Cash
€102,424
2024 · €70,147+€32,277
Balance sheet total
€5.3m
2024 · €672,471+€4.7m
Largest movements
Assets
- Financial fixed assets +€4.6m
up €4.6m (+875%), from €529,166 to €5.2m
Equity and liabilities
- Revaluation surpluses +€4.6m
new in 2025: €4.6m
Income statement
- Gross operating margin -€7,273
down €7,273 (-7.5%), from €96,981 to €89,708
- Taxes -€3,332
down €3,332 (-37.8%), from €8,820 to €5,488
- Staff costs +€2,518
up €2,518 (+4.6%), from €54,992 to €57,510
- Other operating charges -€1,001
down €1,001 (-52.3%), from €1,914 to €913
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.
Result 2024
€15,412
Gross operating margin
-€7,273
Staff costs
-€2,518
Other operating charges
+€1,001
Financial income
+€687
Financial charges
+€945
Taxes
+€3,332
Result 2025
€11,587
raises the resultlowers the result
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.
From operations
+€32,277
Investment
-€4.6m
Financing
+€4.6m
Cash 2024
€70,147
From operations (derived)
+€32,277
Net result for the year
+€11,587
Smaller working-capital items
+€5,833
Other debts
+€14,857
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€4.6m
Financing
+€4.6m
Contributions, distributions and other
+€4.6m
Cash 2025
€102,424
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,471 | €5,326,625 | +€4.7m | +692% |
| Fixed assets | 21/28 | €529,166 | €5,160,526 | +€4.6m | +875% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €529,166 | €5,160,526 | +€4.6m | +875% |
| Current assets | 29/58 | €143,305 | €166,099 | +€22,794 | +15.9% |
| Amounts receivable within one year | 40/41 | €72,684 | €63,196 | -€9,488 | -13.1% |
| Trade receivables | 40 | €34,680 | €19,360 | -€15,320 | -44.2% |
| Other amounts receivable | 41 | €38,004 | €43,836 | +€5,832 | +15.3% |
| Cash at bank and in hand | 54/58 | €70,147 | €102,424 | +€32,277 | +46.0% |
| Deferred charges and accrued income | 490/1 | €474 | €479 | +€5 | +1.1% |
| Total equity and liabilities | 10/49 | €672,471 | €5,326,625 | +€4.7m | +692% |
| Equity | 10/15 | €419,246 | €5,062,193 | +€4.6m | +1,107% |
| Contributions | 10/11 | €104,824 | €104,824 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,631,360 | +€4.6m | |
| Reserves | 13 | €212,676 | €224,263 | +€11,587 | +5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €22,374 | €22,374 | = | 0.0% |
| Distributable reserves | 133 | €190,301 | €201,888 | +€11,587 | +6.1% |
| Profit (loss) carried forward | 14 | €101,747 | €101,747 | = | 0.0% |
| Amounts payable | 17/49 | €253,225 | €264,432 | +€11,207 | +4.4% |
| Amounts payable within one year | 42/48 | €236,715 | €248,876 | +€12,161 | +5.1% |
| Trade debts | 44 | €4,443 | €433 | -€4,010 | -90.3% |
| Suppliers | 440/4 | €4,443 | €433 | -€4,010 | -90.3% |
| Taxes, remuneration and social security | 45 | €18,948 | €20,262 | +€1,314 | +6.9% |
| Taxes | 450/3 | €7,241 | €7,886 | +€644 | +8.9% |
| Remuneration and social security | 454/9 | €11,707 | €12,376 | +€670 | +5.7% |
| Other amounts payable | 47/48 | €213,324 | €228,181 | +€14,857 | +7.0% |
| Accrued charges and deferred income | 492/3 | €16,510 | €15,556 | -€953 | -5.8% |
| Remuneration, social security and pensions | 62 | €54,992 | €57,510 | +€2,518 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,914 | €913 | -€1,001 | -52.3% |
| Gross operating margin | 9900 | €96,981 | €89,708 | -€7,273 | -7.5% |
| Operating profit (loss) | 9901 | €40,075 | €31,284 | -€8,791 | -21.9% |
| Financial income | 75/76B | €916 | €1,603 | +€687 | +75.1% |
| Recurring financial income | 75 | €916 | €1,603 | +€687 | +75.1% |
| Financial charges | 65/66B | €16,757 | €15,812 | -€945 | -5.6% |
| Recurring financial charges | 65 | €16,757 | €15,812 | -€945 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €24,233 | €17,075 | -€7,158 | -29.5% |
| Income taxes | 67/77 | €8,820 | €5,488 | -€3,332 | -37.8% |
| Profit (loss) for the period | 9904 | €15,412 | €11,587 | -€3,826 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,412 | €11,587 | -€3,826 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.