J.D.C.: 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.C.
Largest movements
- Receivables after one year -€430,000
down €430,000 (-100.0%), from €430,000 to €0
- Receivables within one year -€358,697
down €358,697 (-35.1%), from €1.0m to €664,009
of which Other amounts receivable: -€374,630
- Cash +€323,910
up €323,910 (+1839.6%), from €17,608 to €341,518
mainly Receivables after one year (+€430,000) and Receivables within one year (+€358,697)
- Stocks and contracts +€132,637
new in 2025: €132,637
- Tangible fixed assets -€69,222
down €69,222 (-3.8%), from €1.8m to €1.7m
of which Other tangible fixed assets: -€57,942
- Trade debts -€428,921
down €428,921 (-21.3%), from €2.0m to €1.6m
- Reserves +€84,318
up €84,318 (+4.0%), from €2.1m to €2.2m
- Financial income -€298,297
down €298,297 (-96.0%), from €310,756 to €12,459
- Gross operating margin +€65,251
up €65,251 (+55.5%), from €117,488 to €182,739
- Depreciation +€53,412
up €53,412 (+242.4%), from €22,033 to €75,445
- Taxes -€14,249
down €14,249 (-39.3%), from €36,291 to €22,042
- Other operating charges +€5,788
up €5,788 (+337.6%), from €1,714 to €7,502
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 | €4,284,482 | €3,930,111 | -€354,372 | -8.3% |
| Fixed assets | 21/28 | €2,801,326 | €2,732,105 | -€69,222 | -2.5% |
| Tangible fixed assets | 22/27 | €1,801,326 | €1,732,105 | -€69,222 | -3.8% |
| Plant, machinery and equipment | 23 | €2,343 | €6,351 | +€4,009 | +171.1% |
| Furniture and vehicles | 24 | €75,765 | €60,476 | -€15,288 | -20.2% |
| Other tangible fixed assets | 26 | €1,723,219 | €1,665,277 | -€57,942 | -3.4% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €1,483,156 | €1,198,006 | -€285,150 | -19.2% |
| Amounts receivable after more than one year | 29 | €430,000 | €0 | -€430,000 | -100.0% |
| Other amounts receivable | 291 | €430,000 | €0 | -€430,000 | -100.0% |
| Stocks and contracts in progress | 3 | - | €132,637 | +€132,637 | |
| Stocks | 30/36 | - | €132,637 | +€132,637 | |
| Amounts receivable within one year | 40/41 | €1,022,706 | €664,009 | -€358,697 | -35.1% |
| Trade receivables | 40 | €6,963 | €22,895 | +€15,933 | +228.8% |
| Other amounts receivable | 41 | €1,015,744 | €641,113 | -€374,630 | -36.9% |
| Current investments | 50/53 | - | €54,000 | +€54,000 | |
| Cash at bank and in hand | 54/58 | €17,608 | €341,518 | +€323,910 | +1839.6% |
| Deferred charges and accrued income | 490/1 | €12,842 | €5,843 | -€6,999 | -54.5% |
| Total equity and liabilities | 10/49 | €4,284,482 | €3,930,111 | -€354,372 | -8.3% |
| Equity | 10/15 | €2,144,975 | €2,229,293 | +€84,318 | +3.9% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €2,096,975 | €2,181,293 | +€84,318 | +4.0% |
| Distributable reserves | 133 | €2,096,975 | €2,181,293 | +€84,318 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,139,508 | €1,700,818 | -€438,689 | -20.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,130,580 | €1,694,990 | -€435,590 | -20.4% |
| Trade debts | 44 | €2,018,313 | €1,589,392 | -€428,921 | -21.3% |
| Suppliers | 440/4 | €2,018,313 | €1,589,392 | -€428,921 | -21.3% |
| Advances received on contracts in progress | 46 | - | €4,556 | +€4,556 | |
| Taxes, remuneration and social security | 45 | €36,286 | €34,360 | -€1,925 | -5.3% |
| Taxes | 450/3 | €36,286 | €34,360 | -€1,925 | -5.3% |
| Other amounts payable | 47/48 | €75,981 | €66,681 | -€9,300 | -12.2% |
| Accrued charges and deferred income | 492/3 | €8,928 | €5,829 | -€3,099 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,033 | €75,445 | +€53,412 | +242.4% |
| Other operating charges | 640/8 | €1,714 | €7,502 | +€5,788 | +337.6% |
| Gross operating margin | 9900 | €117,488 | €182,739 | +€65,251 | +55.5% |
| Operating profit (loss) | 9901 | €93,741 | €99,791 | +€6,051 | +6.5% |
| Financial income | 75/76B | €310,756 | €12,459 | -€298,297 | -96.0% |
| Recurring financial income | 75 | €310,756 | €12,459 | -€298,297 | -96.0% |
| Financial charges | 65/66B | €5,348 | €5,890 | +€542 | +10.1% |
| Recurring financial charges | 65 | €5,348 | €5,890 | +€542 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €399,148 | €106,360 | -€292,788 | -73.4% |
| Income taxes | 67/77 | €36,291 | €22,042 | -€14,249 | -39.3% |
| Profit (loss) for the period | 9904 | €362,857 | €84,318 | -€278,540 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €362,857 | €84,318 | -€278,540 | -76.8% |
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 8 October 2026 via checked.be.