L & J SYSTEMS: 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 SYSTEMS
Largest movements
- Tangible fixed assets +€32,982
up €32,982 (+930%), from €3,546 to €36,528
of which Furniture and vehicles: +€33,392
- Receivables within one year +€17,310
up €17,310 (+41.6%), from €41,625 to €58,935
of which Other amounts receivable: +€18,679
- Cash -€9,610
down €9,610 (-82.3%), from €11,676 to €2,066
mainly Investment in fixed assets (net) (-€38,949) and Receivables within one year (-€17,310)
- Debts after one year +€25,979
new in 2025: €25,979
- Current portion of long-term debt +€7,250
new in 2025: €7,250
- Profit (loss) carried forward +€5,694
up €5,694 (+66.0%), from €8,622 to €14,316
- Tax, wage and social debts -€5,063
down €5,063 (-25.7%), from €19,711 to €14,648
of which Remuneration and social security: -€4,002
- Trade debts +€3,964
up €3,964 (+60.5%), from €6,555 to €10,519
- Staff costs -€36,167
down €36,167 (-29.0%), from €124,671 to €88,504
- Gross operating margin -€35,370
down €35,370 (-25.3%), from €139,548 to €104,179
- Depreciation +€3,475
up €3,475 (+139%), from €2,493 to €5,967
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 | €58,733 | €99,530 | +€40,797 | +69.5% |
| Fixed assets | 21/28 | €3,616 | €36,598 | +€32,982 | +912% |
| Tangible fixed assets | 22/27 | €3,546 | €36,528 | +€32,982 | +930% |
| Land and buildings | 22 | €1,724 | €1,314 | -€410 | -23.8% |
| Furniture and vehicles | 24 | €1,822 | €35,214 | +€33,392 | +1,832% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €55,116 | €62,932 | +€7,815 | +14.2% |
| Amounts receivable within one year | 40/41 | €41,625 | €58,935 | +€17,310 | +41.6% |
| Trade receivables | 40 | €23,482 | €22,112 | -€1,369 | -5.8% |
| Other amounts receivable | 41 | €18,143 | €36,822 | +€18,679 | +103% |
| Cash at bank and in hand | 54/58 | €11,676 | €2,066 | -€9,610 | -82.3% |
| Deferred charges and accrued income | 490/1 | €1,816 | €1,932 | +€116 | +6.4% |
| Total equity and liabilities | 10/49 | €58,733 | €99,530 | +€40,797 | +69.5% |
| Equity | 10/15 | €32,467 | €38,161 | +€5,694 | +17.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,845 | €21,845 | = | 0.0% |
| Distributable reserves | 133 | €21,845 | €21,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,622 | €14,316 | +€5,694 | +66.0% |
| Amounts payable | 17/49 | €26,266 | €61,369 | +€35,103 | +134% |
| Amounts payable after more than one year | 17 | - | €25,979 | +€25,979 | |
| Financial debts | 170/4 | - | €25,979 | +€25,979 | |
| Amounts payable within one year | 42/48 | €26,266 | €35,390 | +€9,124 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,250 | +€7,250 | |
| Trade debts | 44 | €6,555 | €10,519 | +€3,964 | +60.5% |
| Suppliers | 440/4 | €6,555 | €10,519 | +€3,964 | +60.5% |
| Advances received on contracts in progress | 46 | - | €2,974 | +€2,974 | |
| Taxes, remuneration and social security | 45 | €19,711 | €14,648 | -€5,063 | -25.7% |
| Taxes | 450/3 | €5,559 | €4,498 | -€1,061 | -19.1% |
| Remuneration and social security | 454/9 | €14,152 | €10,150 | -€4,002 | -28.3% |
| Remuneration, social security and pensions | 62 | €124,671 | €88,504 | -€36,167 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,493 | €5,967 | +€3,475 | +139% |
| Other operating charges | 640/8 | €268 | €613 | +€345 | +129% |
| Gross operating margin | 9900 | €139,548 | €104,179 | -€35,370 | -25.3% |
| Operating profit (loss) | 9901 | €12,117 | €9,094 | -€3,023 | -24.9% |
| Financial income | 75/76B | €696 | €828 | +€132 | +19.0% |
| Recurring financial income | 75 | €696 | €828 | +€132 | +19.0% |
| Financial charges | 65/66B | €175 | €278 | +€104 | +59.4% |
| Recurring financial charges | 65 | €175 | €278 | +€104 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €12,638 | €9,644 | -€2,994 | -23.7% |
| Income taxes | 67/77 | €4,016 | €3,950 | -€66 | -1.6% |
| Profit (loss) for the period | 9904 | €8,622 | €5,694 | -€2,928 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,622 | €5,694 | -€2,928 | -34.0% |
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 24 October 2026 via checked.be.