L J S L: what changed
What changed
L J S L
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€10,242
2024 · €108,577-€98,336
Equity
€788,819
2024 · €778,577+€10,242
Cash
€495
2024 · €1,189-€694
Balance sheet total
€1.4m
2024 · €1.4m-€45,982
Largest movements
Assets
- Receivables within one year -€42,730
down €42,730 (-58.1%), from €73,511 to €30,781
of which Other amounts receivable: -€47,700
Equity and liabilities
- Debts after one year -€69,938
down €69,938 (-12.4%), from €564,869 to €494,932
Income statement
- Financial income -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin +€11,661
up €11,661 (+43.0%), from €27,124 to €38,784
- Financial charges +€8,213
up €8,213 (+55.7%), from €14,750 to €22,963
- Depreciation +€906
up €906 (+54.9%), from €1,652 to €2,558
- Other operating charges +€462
new in 2025: €462
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€108,577
Gross operating margin
+€11,661
Depreciation
-€906
Other operating charges
-€462
Financial income
-€100,000
Financial charges
-€8,213
Taxes
-€416
Result 2025
€10,242
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,482
Investment
€0
Financing
-€67,176
Cash 2024
€1,189
From operations (derived)
+€66,482
Net result for the year
+€10,242
Depreciation
+€2,558
Receivables within one year
+€42,730
Trade debts
-€1,163
Tax, wage and social debts
+€5,533
Other debts
+€4,829
Accrued charges and deferred income
+€1,754
Financing
-€67,176
Debts after one year
-€69,938
Current portion of long-term debt
+€2,761
Cash 2025
€495
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,164 | €1,372,182 | -€45,982 | -3.2% |
| Formation expenses | 20 | €3,464 | €906 | -€2,558 | -73.8% |
| Fixed assets | 21/28 | €1,340,000 | €1,340,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,340,000 | €1,340,000 | = | 0.0% |
| Current assets | 29/58 | €74,699 | €31,276 | -€43,424 | -58.1% |
| Amounts receivable within one year | 40/41 | €73,511 | €30,781 | -€42,730 | -58.1% |
| Trade receivables | 40 | €7,735 | €12,705 | +€4,970 | +64.3% |
| Other amounts receivable | 41 | €65,776 | €18,076 | -€47,700 | -72.5% |
| Cash at bank and in hand | 54/58 | €1,189 | €495 | -€694 | -58.4% |
| Total equity and liabilities | 10/49 | €1,418,164 | €1,372,182 | -€45,982 | -3.2% |
| Equity | 10/15 | €778,577 | €788,819 | +€10,242 | +1.3% |
| Contributions | 10/11 | €670,000 | €670,000 | = | 0.0% |
| Contributions outside capital | 11 | €670,000 | €670,000 | = | 0.0% |
| Other | 1109/19 | €670,000 | €670,000 | = | 0.0% |
| Reserves | 13 | €108,577 | €118,819 | +€10,242 | +9.4% |
| Distributable reserves | 133 | €108,577 | €118,819 | +€10,242 | +9.4% |
| Amounts payable | 17/49 | €639,586 | €583,363 | -€56,223 | -8.8% |
| Amounts payable after more than one year | 17 | €564,869 | €494,932 | -€69,938 | -12.4% |
| Financial debts | 170/4 | €564,869 | €494,932 | -€69,938 | -12.4% |
| Amounts payable within one year | 42/48 | €71,971 | €83,931 | +€11,960 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €67,176 | €69,938 | +€2,761 | +4.1% |
| Trade debts | 44 | €1,230 | €67 | -€1,163 | -94.5% |
| Suppliers | 440/4 | €1,230 | €67 | -€1,163 | -94.5% |
| Taxes, remuneration and social security | 45 | €3,564 | €9,097 | +€5,533 | +155% |
| Taxes | 450/3 | €3,564 | €9,097 | +€5,533 | +155% |
| Other amounts payable | 47/48 | - | €4,829 | +€4,829 | |
| Accrued charges and deferred income | 492/3 | €2,746 | €4,500 | +€1,754 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €2,558 | +€906 | +54.9% |
| Other operating charges | 640/8 | - | €462 | +€462 | |
| Gross operating margin | 9900 | €27,124 | €38,784 | +€11,661 | +43.0% |
| Operating profit (loss) | 9901 | €25,472 | €35,765 | +€10,293 | +40.4% |
| Financial income | 75/76B | €100,000 | - | -€100,000 | |
| Recurring financial income | 75 | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €14,750 | €22,963 | +€8,213 | +55.7% |
| Recurring financial charges | 65 | €14,750 | €22,963 | +€8,213 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €110,722 | €12,802 | -€97,920 | -88.4% |
| Income taxes | 67/77 | €2,144 | €2,560 | +€416 | +19.4% |
| Profit (loss) for the period | 9904 | €108,577 | €10,242 | -€98,336 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,577 | €10,242 | -€98,336 | -90.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.