J.D.A.: 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.D.A.
Largest movements
- Cash +€75,551
up €75,551 (+45.6%), from €165,655 to €241,206
mainly Net result for the year (+€120,612) and Receivables within one year (+€11,649)
- Current investments +€55,715
up €55,715 (+1.5%), from €3.7m to €3.8m
- Reserves +€120,612
up €120,612 (+6.4%), from €1.9m to €2.0m
of which Distributable reserves: +€114,581
- Financial income -€50,221
down €50,221 (-26.0%), from €192,917 to €142,697
- Financial charges +€37,019
up €37,019 (+76.9%), from -€48,133 to -€11,114
- Gross operating margin +€30,429
up €30,429 (+62.4%), from -€48,763 to -€18,335
- Taxes -€5,080
down €5,080 (-29.6%), from €17,141 to €12,061
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 | €4,408,675 | €4,528,292 | +€119,617 | +2.7% |
| Fixed assets | 21/28 | €502,279 | €502,279 | = | 0.0% |
| Financial fixed assets | 28 | €502,279 | €502,279 | = | 0.0% |
| Current assets | 29/58 | €3,906,396 | €4,026,013 | +€119,617 | +3.1% |
| Amounts receivable within one year | 40/41 | €33,698 | €22,050 | -€11,649 | -34.6% |
| Other amounts receivable | 41 | €33,698 | €22,050 | -€11,649 | -34.6% |
| Current investments | 50/53 | €3,707,043 | €3,762,758 | +€55,715 | +1.5% |
| Cash at bank and in hand | 54/58 | €165,655 | €241,206 | +€75,551 | +45.6% |
| Total equity and liabilities | 10/49 | €4,408,675 | €4,528,292 | +€119,617 | +2.7% |
| Equity | 10/15 | €4,404,419 | €4,525,030 | +€120,612 | +2.7% |
| Contributions | 10/11 | €2,508,879 | €2,508,879 | = | 0.0% |
| Capital | 10 | €2,508,879 | €2,508,879 | = | 0.0% |
| Issued capital | 100 | €2,508,879 | €2,508,879 | = | 0.0% |
| Reserves | 13 | €1,895,539 | €2,016,151 | +€120,612 | +6.4% |
| Non-distributable reserves | 130/1 | €177,920 | €183,950 | +€6,031 | +3.4% |
| Legal reserve | 130 | €177,920 | €183,950 | +€6,031 | +3.4% |
| Distributable reserves | 133 | €1,717,620 | €1,832,201 | +€114,581 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,256 | €3,262 | -€995 | -23.4% |
| Accrued charges and deferred income | 492/3 | €4,256 | €3,262 | -€995 | -23.4% |
| Other operating charges | 640/8 | €3,019 | €2,803 | -€215 | -7.1% |
| Gross operating margin | 9900 | -€48,763 | -€18,335 | +€30,429 | +62.4% |
| Operating profit (loss) | 9901 | -€51,782 | -€21,138 | +€30,644 | +59.2% |
| Financial income | 75/76B | €192,917 | €142,697 | -€50,221 | -26.0% |
| Recurring financial income | 75 | €192,917 | €142,697 | -€50,221 | -26.0% |
| Financial charges | 65/66B | -€48,133 | -€11,114 | +€37,019 | +76.9% |
| Recurring financial charges | 65 | -€48,133 | -€11,114 | +€37,019 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €189,269 | €132,673 | -€56,596 | -29.9% |
| Income taxes | 67/77 | €17,141 | €12,061 | -€5,080 | -29.6% |
| Profit (loss) for the period | 9904 | €172,127 | €120,612 | -€51,515 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €172,127 | €120,612 | -€51,515 | -29.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.