JLW CONSULT: 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
JLW CONSULT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€363,660
2024 · €277,812+€85,848
Equity
€790,940
2024 · €677,279+€113,660
Cash
€105,807
2024 · €101,466+€4,342
Balance sheet total
€6.0m
2024 · €1.3m+€4.7m
Largest movements
Assets
- Current investments +€4.8m
new in 2025: €4.8m
Equity and liabilities
- Other debts +€4.6m
up €4.6m (+842%), from €547,959 to €5.2m
- Profit (loss) carried forward +€71,560
up €71,560 (+14.9%), from €479,619 to €551,180
Income statement
- Financial income +€192,488
up €192,488 (+481%), from €40,001 to €232,489
- Financial charges +€93,092
up €93,092 (+2,957%), from €3,148 to €96,240
- Staff costs +€18,048
new in 2025: €18,048
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
€277,812
Gross operating margin
+€2,491
Staff costs
-€18,048
Depreciation
-€2,800
Other operating charges
-€619
Other operating items
+€2,628
Financial income
+€192,488
Financial charges
-€93,092
Taxes
+€2,800
Result 2025
€363,660
raises the resultlowers the resultnot broken down further in the accounts
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
+€5.0m
Investment
-€4.8m
Financing
-€266,961
Cash 2024
€101,466
From operations (derived)
+€5.0m
Net result for the year
+€363,660
Depreciation
+€23,954
Smaller working-capital items
+€14,375
Tax, wage and social debts
+€25,497
Other debts
+€4.6m
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€6,604
Current investments
-€4.8m
Financing
-€266,961
Current portion of long-term debt
-€16,961
Contributions, distributions and other
-€250,000
Cash 2025
€105,807
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,282,860 | €6,015,534 | +€4.7m | +369% |
| Fixed assets | 21/28 | €1,032,989 | €1,015,639 | -€17,350 | -1.7% |
| Tangible fixed assets | 22/27 | €514,768 | €497,418 | -€17,350 | -3.4% |
| Land and buildings | 22 | €488,572 | €475,690 | -€12,882 | -2.6% |
| Plant, machinery and equipment | 23 | €3,040 | €1,440 | -€1,600 | -52.6% |
| Furniture and vehicles | 24 | €22,244 | €19,831 | -€2,413 | -10.8% |
| Other tangible fixed assets | 26 | €912 | €456 | -€456 | -50.0% |
| Financial fixed assets | 28 | €518,221 | €518,221 | = | 0.0% |
| Current assets | 29/58 | €249,870 | €4,999,894 | +€4.8m | +1,901% |
| Amounts receivable within one year | 40/41 | €128,675 | €117,767 | -€10,908 | -8.5% |
| Trade receivables | 40 | €128,675 | €41,763 | -€86,913 | -67.5% |
| Other amounts receivable | 41 | - | €76,005 | +€76,005 | |
| Current investments | 50/53 | - | €4,762,000 | +€4.8m | |
| Cash at bank and in hand | 54/58 | €101,466 | €105,807 | +€4,342 | +4.3% |
| Deferred charges and accrued income | 490/1 | €19,730 | €14,320 | -€5,410 | -27.4% |
| Total equity and liabilities | 10/49 | €1,282,860 | €6,015,534 | +€4.7m | +369% |
| Equity | 10/15 | €677,279 | €790,940 | +€113,660 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,060 | €221,160 | +€42,100 | +23.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,200 | €219,300 | +€42,100 | +23.8% |
| Profit (loss) carried forward | 14 | €479,619 | €551,180 | +€71,560 | +14.9% |
| Amounts payable | 17/49 | €605,580 | €5,224,594 | +€4.6m | +763% |
| Amounts payable within one year | 42/48 | €603,888 | €5,222,832 | +€4.6m | +765% |
| Current portion of amounts payable after more than one year | 42 | €16,961 | - | -€16,961 | |
| Trade debts | 44 | €2,748 | €736 | -€2,012 | -73.2% |
| Suppliers | 440/4 | €2,748 | €736 | -€2,012 | -73.2% |
| Taxes, remuneration and social security | 45 | €36,220 | €61,718 | +€25,497 | +70.4% |
| Taxes | 450/3 | €36,220 | €56,521 | +€20,300 | +56.0% |
| Remuneration and social security | 454/9 | - | €5,197 | +€5,197 | |
| Other amounts payable | 47/48 | €547,959 | €5,160,379 | +€4.6m | +842% |
| Accrued charges and deferred income | 492/3 | €1,693 | €1,762 | +€69 | +4.1% |
| Remuneration, social security and pensions | 62 | - | €18,048 | +€18,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,154 | €23,954 | +€2,800 | +13.2% |
| Other operating charges | 640/8 | €387 | €1,006 | +€619 | +160% |
| Non-recurring operating charges | 66A | €2,628 | - | -€2,628 | |
| Gross operating margin | 9900 | €348,194 | €350,685 | +€2,491 | +0.7% |
| Operating profit (loss) | 9901 | €324,025 | €307,676 | -€16,348 | -5.0% |
| Financial income | 75/76B | €40,001 | €232,489 | +€192,488 | +481% |
| Recurring financial income | 75 | €40,001 | €232,489 | +€192,488 | +481% |
| Financial charges | 65/66B | €3,148 | €96,240 | +€93,092 | +2,957% |
| Recurring financial charges | 65 | €3,148 | €96,240 | +€93,092 | +2,957% |
| Profit (loss) for the period before taxes | 9903 | €360,877 | €443,925 | +€83,048 | +23.0% |
| Income taxes | 67/77 | €83,065 | €80,265 | -€2,800 | -3.4% |
| Profit (loss) for the period | 9904 | €277,812 | €363,660 | +€85,848 | +30.9% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €42,100 | -€42,100 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,612 | €321,560 | +€127,948 | +66.1% |
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 25 October 2026 via checked.be.