RECONSTRUCT JLM: 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.
RECONSTRUCT JLM
Largest movements
- Receivables within one year +€15,528
up €15,528 (+2,578%), from €602 to €16,130
of which Trade receivables: +€16,130
- Cash +€2,226
up €2,226 (+256%), from €870 to €3,096
mainly Net result for the year (+€8,665) and Other debts (+€4,208)
- Tangible fixed assets -€445
down €445 (-47.8%), from €931 to €486
- Profit (loss) carried forward +€8,665
up €8,665 (+11.3%), from -€76,887 to -€68,222
- Other debts +€4,208
up €4,208 (+6.4%), from €65,839 to €70,046
- Trade debts +€3,105
up €3,105 (+191%), from €1,623 to €4,728
- Tax, wage and social debts +€1,462
new in 2025: €1,462
of which Remuneration and social security: +€1,100
- Gross operating margin +€14,614
up €14,614, from -€4,113 to €10,501
- Financial income -€935
down €935 (-100%), from €935 to €0
- Other operating charges +€127
up €127 (+15.3%), from €830 to €958
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 | €2,970 | €20,409 | +€17,440 | +587% |
| Fixed assets | 21/28 | €931 | €486 | -€445 | -47.8% |
| Tangible fixed assets | 22/27 | €931 | €486 | -€445 | -47.8% |
| Plant, machinery and equipment | 23 | €931 | €486 | -€445 | -47.8% |
| Current assets | 29/58 | €2,039 | €19,924 | +€17,885 | +877% |
| Amounts receivable within one year | 40/41 | €602 | €16,130 | +€15,528 | +2,578% |
| Trade receivables | 40 | - | €16,130 | +€16,130 | |
| Other amounts receivable | 41 | €602 | €0 | -€602 | -100% |
| Cash at bank and in hand | 54/58 | €870 | €3,096 | +€2,226 | +256% |
| Deferred charges and accrued income | 490/1 | €567 | €698 | +€131 | +23.1% |
| Total equity and liabilities | 10/49 | €2,970 | €20,409 | +€17,440 | +587% |
| Equity | 10/15 | -€64,492 | -€55,827 | +€8,665 | +13.4% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,887 | -€68,222 | +€8,665 | +11.3% |
| Amounts payable | 17/49 | €67,462 | €76,237 | +€8,775 | +13.0% |
| Amounts payable within one year | 42/48 | €67,462 | €76,237 | +€8,775 | +13.0% |
| Trade debts | 44 | €1,623 | €4,728 | +€3,105 | +191% |
| Suppliers | 440/4 | €1,623 | €4,728 | +€3,105 | +191% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €1,462 | +€1,462 | |
| Taxes | 450/3 | - | €362 | +€362 | |
| Remuneration and social security | 454/9 | - | €1,100 | +€1,100 | |
| Other amounts payable | 47/48 | €65,839 | €70,046 | +€4,208 | +6.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €445 | +€40 | +9.9% |
| Other operating charges | 640/8 | €830 | €958 | +€127 | +15.3% |
| Gross operating margin | 9900 | -€4,113 | €10,501 | +€14,614 | |
| Operating profit (loss) | 9901 | -€5,349 | €9,098 | +€14,446 | |
| Financial income | 75/76B | €935 | €0 | -€935 | -100% |
| Recurring financial income | 75 | €935 | €0 | -€935 | -100% |
| Financial charges | 65/66B | €372 | €433 | +€61 | +16.3% |
| Recurring financial charges | 65 | €372 | €433 | +€61 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,786 | €8,665 | +€13,451 | |
| Profit (loss) for the period | 9904 | -€4,786 | €8,665 | +€13,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,786 | €8,665 | +€13,451 |
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 15 October 2026 via checked.be.