JO-L: 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.
JO-L
Largest movements
- Deferred charges and accrued income +€94,819
up €94,819 (+327980.6%), from €29 to €94,848
- Receivables within one year +€27,311
up €27,311 (+68.9%), from €39,643 to €66,954
of which Trade receivables: +€18,350
- Cash +€12,653
up €12,653 (+38.3%), from €33,032 to €45,684
mainly Trade debts (+€111,947) and Other debts (+€10,983)
- Tangible fixed assets -€5,579
down €5,579 (-2.9%), from €192,622 to €187,043
of which Land and buildings: -€6,026
- Trade debts +€111,947
up €111,947 (+248.5%), from €45,046 to €156,993
- Other debts +€10,983
up €10,983 (+46.2%), from €23,794 to €34,777
- Tax, wage and social debts +€9,707
up €9,707 (+19.6%), from €49,619 to €59,326
of which Taxes: +€5,958
- Debts after one year -€7,246
down €7,246 (-4.4%), from €163,857 to €156,611
- Profit (loss) carried forward +€4,056
up €4,056 (+6.0%), from -€67,937 to -€63,881
- Staff costs +€8,668
up €8,668 (+3.4%), from €258,481 to €267,149
- Depreciation -€5,433
down €5,433 (-43.9%), from €12,365 to €6,932
- Gross operating margin +€5,329
up €5,329 (+1.9%), from €285,962 to €291,291
- Financial charges -€3,226
down €3,226 (-22.1%), from €14,586 to €11,360
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 | €271,030 | €400,234 | +€129,204 | +47.7% |
| Fixed assets | 21/28 | €198,326 | €192,747 | -€5,579 | -2.8% |
| Intangible fixed assets | 21 | €5,000 | €5,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €192,622 | €187,043 | -€5,579 | -2.9% |
| Land and buildings | 22 | €189,057 | €183,031 | -€6,026 | -3.2% |
| Plant, machinery and equipment | 23 | €3,029 | €2,698 | -€330 | -10.9% |
| Furniture and vehicles | 24 | €536 | €1,313 | +€777 | +145.0% |
| Financial fixed assets | 28 | €704 | €704 | = | 0.0% |
| Current assets | 29/58 | €72,704 | €207,487 | +€134,783 | +185.4% |
| Amounts receivable within one year | 40/41 | €39,643 | €66,954 | +€27,311 | +68.9% |
| Trade receivables | 40 | €39,643 | €57,993 | +€18,350 | +46.3% |
| Other amounts receivable | 41 | - | €8,962 | +€8,962 | |
| Cash at bank and in hand | 54/58 | €33,032 | €45,684 | +€12,653 | +38.3% |
| Deferred charges and accrued income | 490/1 | €29 | €94,848 | +€94,819 | +327980.6% |
| Total equity and liabilities | 10/49 | €271,030 | €400,234 | +€129,204 | +47.7% |
| Equity | 10/15 | -€29,009 | -€24,953 | +€4,056 | +14.0% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €328 | €328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €328 | €328 | = | 0.0% |
| Reserves not available under the articles | 1311 | €328 | €328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,937 | -€63,881 | +€4,056 | +6.0% |
| Amounts payable | 17/49 | €300,039 | €425,187 | +€125,148 | +41.7% |
| Amounts payable after more than one year | 17 | €163,857 | €156,611 | -€7,246 | -4.4% |
| Financial debts | 170/4 | €163,857 | €156,611 | -€7,246 | -4.4% |
| Amounts payable within one year | 42/48 | €131,097 | €266,494 | +€135,398 | +103.3% |
| Current portion of amounts payable after more than one year | 42 | €12,638 | €15,398 | +€2,760 | +21.8% |
| Trade debts | 44 | €45,046 | €156,993 | +€111,947 | +248.5% |
| Suppliers | 440/4 | €45,046 | €156,993 | +€111,947 | +248.5% |
| Taxes, remuneration and social security | 45 | €49,619 | €59,326 | +€9,707 | +19.6% |
| Taxes | 450/3 | €897 | €6,855 | +€5,958 | +663.9% |
| Remuneration and social security | 454/9 | €48,721 | €52,471 | +€3,750 | +7.7% |
| Other amounts payable | 47/48 | €23,794 | €34,777 | +€10,983 | +46.2% |
| Accrued charges and deferred income | 492/3 | €5,086 | €2,082 | -€3,004 | -59.1% |
| Remuneration, social security and pensions | 62 | €258,481 | €267,149 | +€8,668 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,365 | €6,932 | -€5,433 | -43.9% |
| Other operating charges | 640/8 | €1,743 | €1,933 | +€190 | +10.9% |
| Gross operating margin | 9900 | €285,962 | €291,291 | +€5,329 | +1.9% |
| Operating profit (loss) | 9901 | €13,373 | €15,277 | +€1,904 | +14.2% |
| Financial income | 75/76B | €528 | €840 | +€312 | +59.0% |
| Recurring financial income | 75 | €528 | €840 | +€312 | +59.0% |
| Financial charges | 65/66B | €14,586 | €11,360 | -€3,226 | -22.1% |
| Recurring financial charges | 65 | €14,586 | €11,360 | -€3,226 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€685 | €4,757 | +€5,441 | |
| Income taxes | 67/77 | €69 | €700 | +€631 | +911.2% |
| Profit (loss) for the period | 9904 | -€754 | €4,056 | +€4,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€754 | €4,056 | +€4,810 |
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 5 October 2026 via checked.be.