L.J. Express: 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.
L.J. Express
Largest movements
- Tangible fixed assets -€75,757
down €75,757 (-9.5%), from €800,294 to €724,536
of which Plant, machinery and equipment: -€46,711
- Receivables within one year +€30,834
up €30,834 (+49.9%), from €61,821 to €92,655
of which Other amounts receivable: +€30,712
- Intangible fixed assets -€28,638
down €28,638 (-100%), from €28,638 to €0
- Stocks and contracts +€17,955
up €17,955 (+17.2%), from €104,323 to €122,278
- Cash +€13,024
up €13,024 (+10.2%), from €127,250 to €140,275
mainly Depreciation (+€116,648) and Trade debts (+€56,337)
- Debts after one year -€118,253
down €118,253 (-19.0%), from €622,600 to €504,347
- Trade debts +€56,337
up €56,337 (+31.6%), from €178,244 to €234,581
- Profit (loss) carried forward +€34,029
up €34,029 (+93.2%), from €36,503 to €70,532
- Tax, wage and social debts -€13,106
down €13,106 (-18.6%), from €70,564 to €57,458
of which Remuneration and social security: -€7,343
- Gross operating margin -€72,443
down €72,443 (-14.6%), from €497,521 to €425,078
- Depreciation -€46,749
down €46,749 (-28.6%), from €163,397 to €116,648
- Financial charges -€20,396
down €20,396 (-49.5%), from €41,209 to €20,814
- Staff costs +€8,819
up €8,819 (+3.9%), from €225,918 to €234,738
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 | €1,124,454 | €1,085,171 | -€39,283 | -3.5% |
| Fixed assets | 21/28 | €831,060 | €726,664 | -€104,396 | -12.6% |
| Intangible fixed assets | 21 | €28,638 | €0 | -€28,638 | -100% |
| Tangible fixed assets | 22/27 | €800,294 | €724,536 | -€75,757 | -9.5% |
| Land and buildings | 22 | €656,312 | €630,791 | -€25,520 | -3.9% |
| Plant, machinery and equipment | 23 | €132,430 | €85,720 | -€46,711 | -35.3% |
| Furniture and vehicles | 24 | €11,099 | €7,844 | -€3,254 | -29.3% |
| Other tangible fixed assets | 26 | €453 | €181 | -€272 | -60.0% |
| Financial fixed assets | 28 | €2,128 | €2,128 | = | 0.0% |
| Current assets | 29/58 | €293,394 | €358,507 | +€65,113 | +22.2% |
| Stocks and contracts in progress | 3 | €104,323 | €122,278 | +€17,955 | +17.2% |
| Stocks | 30/36 | €104,323 | €122,278 | +€17,955 | +17.2% |
| Amounts receivable within one year | 40/41 | €61,821 | €92,655 | +€30,834 | +49.9% |
| Trade receivables | 40 | €65 | €188 | +€123 | +189% |
| Other amounts receivable | 41 | €61,756 | €92,467 | +€30,712 | +49.7% |
| Cash at bank and in hand | 54/58 | €127,250 | €140,275 | +€13,024 | +10.2% |
| Deferred charges and accrued income | 490/1 | - | €3,299 | +€3,299 | |
| Total equity and liabilities | 10/49 | €1,124,454 | €1,085,171 | -€39,283 | -3.5% |
| Equity | 10/15 | €136,503 | €170,532 | +€34,029 | +24.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,503 | €70,532 | +€34,029 | +93.2% |
| Amounts payable | 17/49 | €987,951 | €914,639 | -€73,312 | -7.4% |
| Amounts payable after more than one year | 17 | €622,600 | €504,347 | -€118,253 | -19.0% |
| Financial debts | 170/4 | €622,600 | €504,347 | -€118,253 | -19.0% |
| Amounts payable within one year | 42/48 | €365,351 | €410,292 | +€44,941 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €116,543 | €118,253 | +€1,710 | +1.5% |
| Trade debts | 44 | €178,244 | €234,581 | +€56,337 | +31.6% |
| Suppliers | 440/4 | €178,244 | €234,581 | +€56,337 | +31.6% |
| Taxes, remuneration and social security | 45 | €70,564 | €57,458 | -€13,106 | -18.6% |
| Taxes | 450/3 | €30,548 | €24,785 | -€5,763 | -18.9% |
| Remuneration and social security | 454/9 | €40,016 | €32,673 | -€7,343 | -18.4% |
| Remuneration, social security and pensions | 62 | €225,918 | €234,738 | +€8,819 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,397 | €116,648 | -€46,749 | -28.6% |
| Other operating charges | 640/8 | €7,472 | €7,707 | +€235 | +3.1% |
| Gross operating margin | 9900 | €497,521 | €425,078 | -€72,443 | -14.6% |
| Operating profit (loss) | 9901 | €100,733 | €65,985 | -€34,748 | -34.5% |
| Financial income | 75/76B | €259 | €893 | +€634 | +244% |
| Recurring financial income | 75 | €259 | €893 | +€634 | +244% |
| Financial charges | 65/66B | €41,209 | €20,814 | -€20,396 | -49.5% |
| Recurring financial charges | 65 | €41,209 | €20,814 | -€20,396 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €59,783 | €46,064 | -€13,719 | -22.9% |
| Income taxes | 67/77 | €15,959 | €12,035 | -€3,923 | -24.6% |
| Profit (loss) for the period | 9904 | €43,825 | €34,029 | -€9,796 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,825 | €34,029 | -€9,796 | -22.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.