J.C.D.: 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.
J.C.D.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€970
up €970 (+119.9%), from €810 to €1,780
- Gross operating margin -€137
down €137 (-2.3%), from -€6,041 to -€6,178
- Other operating charges +€130
up €130 (+3.7%), from €3,511 to €3,640
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,698,434 | €1,696,654 | -€1,780 | -0.1% |
| Fixed assets | 21/28 | €1,698,434 | €1,696,654 | -€1,780 | -0.1% |
| Tangible fixed assets | 22/27 | €1,698,434 | €1,696,654 | -€1,780 | -0.1% |
| Land and buildings | 22 | €1,690,344 | €1,690,344 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,090 | €6,310 | -€1,780 | -22.0% |
| Total equity and liabilities | 10/49 | €1,698,434 | €1,696,654 | -€1,780 | -0.1% |
| Equity | 10/15 | €1,640,479 | €1,628,881 | -€11,598 | -0.7% |
| Contributions | 10/11 | €1,887,450 | €1,887,450 | = | 0.0% |
| Reserves | 13 | €288,247 | €288,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,804 | €151,804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €151,804 | €151,804 | = | 0.0% |
| Distributable reserves | 133 | €136,443 | €136,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€535,218 | -€546,816 | -€11,598 | -2.2% |
| Amounts payable | 17/49 | €57,955 | €67,773 | +€9,818 | +16.9% |
| Amounts payable within one year | 42/48 | €57,955 | €67,773 | +€9,818 | +16.9% |
| Other amounts payable | 47/48 | €57,955 | €67,773 | +€9,818 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €1,780 | +€970 | +119.9% |
| Other operating charges | 640/8 | €3,511 | €3,640 | +€130 | +3.7% |
| Gross operating margin | 9900 | -€6,041 | -€6,178 | -€137 | -2.3% |
| Operating profit (loss) | 9901 | -€10,361 | -€11,598 | -€1,237 | -11.9% |
| Financial charges | 65/66B | €11 | - | -€11 | |
| Recurring financial charges | 65 | €11 | - | -€11 | |
| Non-recurring financial charges | 66B | €11 | - | -€11 | |
| Profit (loss) for the period before taxes | 9903 | -€10,372 | -€11,598 | -€1,226 | -11.8% |
| Profit (loss) for the period | 9904 | -€10,372 | -€11,598 | -€1,226 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,372 | -€11,598 | -€1,226 | -11.8% |
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.