Dr. JDM: what changed
Two fiscal 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.
Dr. JDM
Largest movements
- Cash +€218,778
up €218,778 (+7959.2%), from €2,749 to €221,527
mainly Net result for the year (+€269,815) and Tax, wage and social debts (+€18,491)
- Receivables within one year +€72,319
up €72,319 (+87.4%), from €82,735 to €155,054
- Reserves +€269,815
up €269,815 (+434.0%), from €62,172 to €331,987
- Tax, wage and social debts +€18,491
up €18,491 (+102.7%), from €18,007 to €36,497
of which Taxes: +€18,491
- Trade debts +€6,074
up €6,074 (+1415.2%), from €429 to €6,503
- Other debts -€4,024
down €4,024 (-73.5%), from €5,474 to €1,451
- Gross operating margin +€277,041
up €277,041 (+353.9%), from €78,280 to €355,321
- Taxes +€68,519
up €68,519 (+437.0%), from €15,681 to €84,200
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.
Cash bridge derived
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 | €88,082 | €378,438 | +€290,356 | +329.6% |
| Formation expenses | 20 | €898 | €0 | -€898 | -100.0% |
| Fixed assets | 21/28 | - | €1,366 | +€1,366 | |
| Tangible fixed assets | 22/27 | - | €1,366 | +€1,366 | |
| Furniture and vehicles | 24 | - | €1,366 | +€1,366 | |
| Current assets | 29/58 | €87,184 | €377,073 | +€289,888 | +332.5% |
| Amounts receivable within one year | 40/41 | €82,735 | €155,054 | +€72,319 | +87.4% |
| Trade receivables | 40 | €82,735 | €155,054 | +€72,319 | +87.4% |
| Cash at bank and in hand | 54/58 | €2,749 | €221,527 | +€218,778 | +7959.2% |
| Deferred charges and accrued income | 490/1 | €1,701 | €492 | -€1,209 | -71.1% |
| Total equity and liabilities | 10/49 | €88,082 | €378,438 | +€290,356 | +329.6% |
| Equity | 10/15 | €64,172 | €333,987 | +€269,815 | +420.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,172 | €331,987 | +€269,815 | +434.0% |
| Distributable reserves | 133 | €62,172 | €331,987 | +€269,815 | +434.0% |
| Amounts payable | 17/49 | €23,910 | €44,451 | +€20,541 | +85.9% |
| Amounts payable within one year | 42/48 | €23,910 | €44,451 | +€20,541 | +85.9% |
| Trade debts | 44 | €429 | €6,503 | +€6,074 | +1415.2% |
| Suppliers | 440/4 | €429 | €6,503 | +€6,074 | +1415.2% |
| Taxes, remuneration and social security | 45 | €18,007 | €36,497 | +€18,491 | +102.7% |
| Taxes | 450/3 | €16,007 | €34,497 | +€18,491 | +115.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,474 | €1,451 | -€4,024 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €1,155 | +€728 | +170.4% |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €78,280 | €355,321 | +€277,041 | +353.9% |
| Operating profit (loss) | 9901 | €77,853 | €354,046 | +€276,193 | +354.8% |
| Financial charges | 65/66B | - | €31 | +€31 | |
| Recurring financial charges | 65 | - | €31 | +€31 | |
| Profit (loss) for the period before taxes | 9903 | €77,853 | €354,015 | +€276,162 | +354.7% |
| Income taxes | 67/77 | €15,681 | €84,200 | +€68,519 | +437.0% |
| Profit (loss) for the period | 9904 | €62,172 | €269,815 | +€207,643 | +334.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,172 | €269,815 | +€207,643 | +334.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.