AA-JDS: 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.
AA-JDS
Largest movements
- Tangible fixed assets +€213,536
up €213,536 (+777%), from €27,482 to €241,017
of which Land and buildings: +€222,928
- Cash -€72,950
down €72,950 (-82.9%), from €87,950 to €15,000
mainly Investment in fixed assets (net) (-€260,751) and Trade debts (-€20,872)
- Current portion of long-term debt +€64,649
new in 2025: €64,649
- Debts after one year +€44,260
new in 2025: €44,260
- Other debts +€27,388
up €27,388 (+2,338%), from €1,171 to €28,559
- Reserves +€22,225
up €22,225 (+26.4%), from €84,177 to €106,402
- Trade debts -€20,872
down €20,872 (-96.0%), from €21,743 to €871
- Gross operating margin -€47,503
down €47,503 (-36.5%), from €130,096 to €82,593
- Depreciation +€31,596
up €31,596 (+202%), from €15,619 to €47,216
- Taxes -€20,948
down €20,948 (-72.2%), from €29,024 to €8,076
- Financial charges +€2,891
up €2,891 (+1,420%), from €204 to €3,094
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 | €117,270 | €258,027 | +€140,757 | +120% |
| Fixed assets | 21/28 | €27,482 | €241,017 | +€213,536 | +777% |
| Tangible fixed assets | 22/27 | €27,482 | €241,017 | +€213,536 | +777% |
| Land and buildings | 22 | - | €222,928 | +€222,928 | |
| Furniture and vehicles | 24 | €27,482 | €18,089 | -€9,392 | -34.2% |
| Current assets | 29/58 | €89,788 | €17,010 | -€72,778 | -81.1% |
| Amounts receivable within one year | 40/41 | €976 | €1,732 | +€757 | +77.5% |
| Other amounts receivable | 41 | €976 | €1,732 | +€757 | +77.5% |
| Cash at bank and in hand | 54/58 | €87,950 | €15,000 | -€72,950 | -82.9% |
| Deferred charges and accrued income | 490/1 | €863 | €278 | -€585 | -67.8% |
| Total equity and liabilities | 10/49 | €117,270 | €258,027 | +€140,757 | +120% |
| Equity | 10/15 | €86,677 | €108,902 | +€22,225 | +25.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €84,177 | €106,402 | +€22,225 | +26.4% |
| Distributable reserves | 133 | €84,177 | €106,402 | +€22,225 | +26.4% |
| Amounts payable | 17/49 | €30,592 | €149,125 | +€118,533 | +387% |
| Amounts payable after more than one year | 17 | - | €44,260 | +€44,260 | |
| Financial debts | 170/4 | - | €44,260 | +€44,260 | |
| Amounts payable within one year | 42/48 | €28,753 | €102,204 | +€73,451 | +255% |
| Current portion of amounts payable after more than one year | 42 | - | €64,649 | +€64,649 | |
| Trade debts | 44 | €21,743 | €871 | -€20,872 | -96.0% |
| Suppliers | 440/4 | €21,743 | €871 | -€20,872 | -96.0% |
| Taxes, remuneration and social security | 45 | €5,839 | €8,125 | +€2,286 | +39.2% |
| Taxes | 450/3 | €5,839 | €8,125 | +€2,286 | +39.2% |
| Other amounts payable | 47/48 | €1,171 | €28,559 | +€27,388 | +2,338% |
| Accrued charges and deferred income | 492/3 | €1,839 | €2,661 | +€822 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,619 | €47,216 | +€31,596 | +202% |
| Other operating charges | 640/8 | €1,076 | €1,249 | +€173 | +16.1% |
| Gross operating margin | 9900 | €130,096 | €82,593 | -€47,503 | -36.5% |
| Operating profit (loss) | 9901 | €113,401 | €34,128 | -€79,273 | -69.9% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €204 | €3,094 | +€2,891 | +1,420% |
| Recurring financial charges | 65 | €204 | €3,094 | +€2,891 | +1,420% |
| Profit (loss) for the period before taxes | 9903 | €113,202 | €31,034 | -€82,168 | -72.6% |
| Income taxes | 67/77 | €29,024 | €8,076 | -€20,948 | -72.2% |
| Profit (loss) for the period | 9904 | €84,177 | €22,958 | -€61,220 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,177 | €22,958 | -€61,220 | -72.7% |
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 14 October 2026 via checked.be.