L-J-L: 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-L
Largest movements
- Cash +€686
up €686 (+23.3%), from €2,938 to €3,624
mainly Trade debts (+€3,359) and Other debts (+€2,561)
- Formation expenses -€190
down €190 (-95.5%), from €199 to €9
- Deferred charges and accrued income -€177
down €177 (-100%), from €177 to €0
- Tangible fixed assets -€44
down €44 (-100%), from €44 to €0
of which Other tangible fixed assets: -€44
- Profit (loss) carried forward -€7,303
down €7,303 (-39.8%), from -€18,356 to -€25,659
- Trade debts +€3,359
up €3,359 (+325%), from €1,034 to €4,393
- Other debts +€2,561
up €2,561 (+18.0%), from €14,237 to €16,799
- Tax, wage and social debts +€1,578
up €1,578 (+53.8%), from €2,933 to €4,512
of which Remuneration and social security: +€862
- Accrued charges and deferred income +€205
new in 2025: €205
- Staff costs +€14,522
up €14,522 (+91.1%), from €15,947 to €30,469
- Gross operating margin +€10,012
up €10,012 (+74.4%), from €13,464 to €23,476
- Depreciation -€405
down €405 (-63.4%), from €639 to €234
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 | €3,968 | €4,249 | +€281 | +7.1% |
| Formation expenses | 20 | €199 | €9 | -€190 | -95.5% |
| Fixed assets | 21/28 | €200 | €157 | -€44 | -21.8% |
| Tangible fixed assets | 22/27 | €44 | €0 | -€44 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €44 | €0 | -€44 | -100% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €3,569 | €4,083 | +€515 | +14.4% |
| Stocks and contracts in progress | 3 | €453 | €459 | +€6 | +1.3% |
| Stocks | 30/36 | €453 | €459 | +€6 | +1.3% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,938 | €3,624 | +€686 | +23.3% |
| Deferred charges and accrued income | 490/1 | €177 | €0 | -€177 | -100% |
| Total equity and liabilities | 10/49 | €3,968 | €4,249 | +€281 | +7.1% |
| Equity | 10/15 | -€14,356 | -€21,659 | -€7,303 | -50.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,356 | -€25,659 | -€7,303 | -39.8% |
| Amounts payable | 17/49 | €18,324 | €25,908 | +€7,584 | +41.4% |
| Amounts payable within one year | 42/48 | €18,324 | €25,703 | +€7,379 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,034 | €4,393 | +€3,359 | +325% |
| Suppliers | 440/4 | €1,034 | €4,393 | +€3,359 | +325% |
| Advances received on contracts in progress | 46 | €119 | €0 | -€119 | -100% |
| Taxes, remuneration and social security | 45 | €2,933 | €4,512 | +€1,578 | +53.8% |
| Taxes | 450/3 | €512 | €1,229 | +€716 | +140% |
| Remuneration and social security | 454/9 | €2,421 | €3,283 | +€862 | +35.6% |
| Other amounts payable | 47/48 | €14,237 | €16,799 | +€2,561 | +18.0% |
| Accrued charges and deferred income | 492/3 | - | €205 | +€205 | |
| Remuneration, social security and pensions | 62 | €15,947 | €30,469 | +€14,522 | +91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €234 | -€405 | -63.4% |
| Gross operating margin | 9900 | €13,464 | €23,476 | +€10,012 | +74.4% |
| Operating profit (loss) | 9901 | -€3,122 | -€7,227 | -€4,104 | -131% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €154 | €145 | -€9 | -5.6% |
| Recurring financial charges | 65 | €154 | €145 | -€9 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,276 | -€7,303 | -€4,027 | -123% |
| Profit (loss) for the period | 9904 | -€3,276 | -€7,303 | -€4,027 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,276 | -€7,303 | -€4,027 | -123% |
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 18 October 2026 via checked.be.