J&D: 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.
J&D
Largest movements
- Receivables within one year +€22,148
up €22,148 (+6.9%), from €320,639 to €342,787
of which Other amounts receivable: +€24,505
- Tangible fixed assets -€15,193
down €15,193 (-2.0%), from €770,302 to €755,109
of which Furniture and vehicles: -€11,715
- Trade debts -€36,450
down €36,450 (-14.7%), from €247,438 to €210,988
- Debts after one year +€23,731
up €23,731 (+16.7%), from €141,796 to €165,527
- Current portion of long-term debt -€22,891
down €22,891 (-77.0%), from €29,730 to €6,839
- Other debts +€21,544
up €21,544 (+149.9%), from €14,377 to €35,921
- Tax, wage and social debts +€18,351
up €18,351 (+106.0%), from €17,320 to €35,671
of which Taxes: +€17,599
- Turnover +€145,809
new in 2025: €145,809
- Purchases and services +€95,628
new in 2025: €95,628
- Gross operating margin -€15,910
down €15,910 (-16.2%), from €98,419 to €82,509
- Financial income +€6,640
up €6,640 (+1229685.2%), from €1 to €6,641
- Financial charges +€4,317
up €4,317 (+20.0%), from €21,558 to €25,875
of which Financial charges: +€4,717
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 | €1,097,747 | €1,108,583 | +€10,836 | +1.0% |
| Fixed assets | 21/28 | €770,302 | €755,109 | -€15,193 | -2.0% |
| Tangible fixed assets | 22/27 | €770,302 | €755,109 | -€15,193 | -2.0% |
| Land and buildings | 22 | €734,709 | €728,659 | -€6,049 | -0.8% |
| Plant, machinery and equipment | 23 | €5,578 | €8,149 | +€2,571 | +46.1% |
| Furniture and vehicles | 24 | €30,015 | €18,300 | -€11,715 | -39.0% |
| Current assets | 29/58 | €327,445 | €353,474 | +€26,029 | +7.9% |
| Amounts receivable within one year | 40/41 | €320,639 | €342,787 | +€22,148 | +6.9% |
| Trade receivables | 40 | €203,385 | €201,028 | -€2,357 | -1.2% |
| Other amounts receivable | 41 | €117,254 | €141,758 | +€24,505 | +20.9% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,619 | €189 | -€3,431 | -94.8% |
| Deferred charges and accrued income | 490/1 | €1,187 | €8,499 | +€7,312 | +615.9% |
| Total equity and liabilities | 10/49 | €1,097,747 | €1,108,583 | +€10,836 | +1.0% |
| Equity | 10/15 | €647,087 | €644,190 | -€2,897 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €576,375 | €564,250 | -€12,125 | -2.1% |
| Reserves | 13 | €105,314 | €117,439 | +€12,125 | +11.5% |
| Distributable reserves | 133 | €105,314 | €117,439 | +€12,125 | +11.5% |
| Profit (loss) carried forward | 14 | -€53,203 | -€56,099 | -€2,897 | -5.4% |
| Amounts payable | 17/49 | €450,660 | €464,393 | +€13,733 | +3.0% |
| Amounts payable after more than one year | 17 | €141,796 | €165,527 | +€23,731 | +16.7% |
| Financial debts | 170/4 | €141,796 | €165,527 | +€23,731 | +16.7% |
| Amounts payable within one year | 42/48 | €308,864 | €298,647 | -€10,217 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €29,730 | €6,839 | -€22,891 | -77.0% |
| Financial debts | 43 | €0 | €9,228 | +€9,228 | |
| Credit institutions | 430/8 | €0 | €9,228 | +€9,228 | |
| Trade debts | 44 | €247,438 | €210,988 | -€36,450 | -14.7% |
| Suppliers | 440/4 | €247,438 | €210,988 | -€36,450 | -14.7% |
| Taxes, remuneration and social security | 45 | €17,320 | €35,671 | +€18,351 | +106.0% |
| Taxes | 450/3 | €6,723 | €24,321 | +€17,599 | +261.8% |
| Remuneration and social security | 454/9 | €10,597 | €11,350 | +€753 | +7.1% |
| Other amounts payable | 47/48 | €14,377 | €35,921 | +€21,544 | +149.9% |
| Accrued charges and deferred income | 492/3 | - | €219 | +€219 | |
| Turnover | 70 | - | €145,809 | +€145,809 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €95,628 | +€95,628 | |
| Remuneration, social security and pensions | 62 | €19,729 | €20,211 | +€482 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,615 | €32,477 | +€862 | +2.7% |
| Other operating charges | 640/8 | €2,648 | €6,154 | +€3,506 | +132.4% |
| Non-recurring operating charges | 66A | - | €5,015 | +€5,015 | |
| Gross operating margin | 9900 | €98,419 | €82,509 | -€15,910 | -16.2% |
| Operating profit (loss) | 9901 | €44,427 | €18,652 | -€25,775 | -58.0% |
| Financial income | 75/76B | €1 | €6,641 | +€6,640 | +1229685.2% |
| Recurring financial income | 75 | €1 | €6,641 | +€6,640 | +1229685.2% |
| Financial charges | 65/66B | €21,558 | €25,875 | +€4,317 | +20.0% |
| Recurring financial charges | 65 | €21,158 | €25,875 | +€4,717 | +22.3% |
| Non-recurring financial charges | 66B | €400 | €0 | -€400 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €22,869 | -€582 | -€23,451 | |
| Income taxes | 67/77 | €144 | €2,315 | +€2,171 | +1506.1% |
| Profit (loss) for the period | 9904 | €22,725 | -€2,897 | -€25,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,725 | -€2,897 | -€25,622 |
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 10 October 2026 via checked.be.