J&D Capital: what changed
J&D Capital
Largest movements
- Cash -€108,464
down €108,464 (-91.7%), from €118,339 to €9,876
mainly Net result for the year (-€72,245) and Trade debts (-€46,605)
- Stocks and contracts +€8,208
new in 2025: €8,208
- Deferred charges and accrued income -€6,850
down €6,850 (-73.8%), from €9,280 to €2,430
- Receivables within one year +€4,536
up €4,536 (+40.2%), from €11,279 to €15,815
of which Other amounts receivable: +€4,778
- Profit (loss) carried forward -€72,245
down €72,245 (-110%), from -€65,736 to -€137,981
- Trade debts -€46,605
down €46,605 (-98.0%), from €47,563 to €958
- Other debts +€17,100
up €17,100 (+13.7%), from €124,876 to €141,975
- Accrued charges and deferred income -€1,595
down €1,595 (-30.1%), from €5,303 to €3,708
- Gross operating margin -€7,052
down €7,052 (-11.4%), from -€61,688 to -€68,740
- Staff costs -€2,057
no longer reported in 2025 (was €2,057)
- Other operating charges +€821
up €821 (+144%), from €571 to €1,392
- Financial charges +€773
up €773 (+180%), from €429 to €1,202
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,975 | €38,430 | -€103,545 | -72.9% |
| Fixed assets | 21/28 | €3,077 | €2,102 | -€975 | -31.7% |
| Tangible fixed assets | 22/27 | €2,474 | €1,498 | -€975 | -39.4% |
| Plant, machinery and equipment | 23 | €1,968 | €1,356 | -€612 | -31.1% |
| Furniture and vehicles | 24 | €505 | €142 | -€363 | -71.9% |
| Financial fixed assets | 28 | €604 | €604 | = | 0.0% |
| Current assets | 29/58 | €138,898 | €36,329 | -€102,570 | -73.8% |
| Stocks and contracts in progress | 3 | - | €8,208 | +€8,208 | |
| Contracts in progress | 37 | - | €8,208 | +€8,208 | |
| Amounts receivable within one year | 40/41 | €11,279 | €15,815 | +€4,536 | +40.2% |
| Trade receivables | 40 | €3,186 | €2,945 | -€242 | -7.6% |
| Other amounts receivable | 41 | €8,093 | €12,871 | +€4,778 | +59.0% |
| Cash at bank and in hand | 54/58 | €118,339 | €9,876 | -€108,464 | -91.7% |
| Deferred charges and accrued income | 490/1 | €9,280 | €2,430 | -€6,850 | -73.8% |
| Total equity and liabilities | 10/49 | €141,975 | €38,430 | -€103,545 | -72.9% |
| Equity | 10/15 | -€45,141 | -€117,386 | -€72,245 | -160% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,595 | €15,595 | = | 0.0% |
| Distributable reserves | 133 | €15,595 | €15,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,736 | -€137,981 | -€72,245 | -110% |
| Amounts payable | 17/49 | €187,117 | €155,816 | -€31,300 | -16.7% |
| Amounts payable within one year | 42/48 | €181,814 | €152,109 | -€29,705 | -16.3% |
| Trade debts | 44 | €47,563 | €958 | -€46,605 | -98.0% |
| Suppliers | 440/4 | €47,563 | €958 | -€46,605 | -98.0% |
| Taxes, remuneration and social security | 45 | €9,375 | €9,176 | -€199 | -2.1% |
| Taxes | 450/3 | €1,500 | €900 | -€600 | -40.0% |
| Remuneration and social security | 454/9 | €7,875 | €8,276 | +€401 | +5.1% |
| Other amounts payable | 47/48 | €124,876 | €141,975 | +€17,100 | +13.7% |
| Accrued charges and deferred income | 492/3 | €5,303 | €3,708 | -€1,595 | -30.1% |
| Non-recurring operating income | 76A | €299 | - | -€299 | |
| Remuneration, social security and pensions | 62 | €2,057 | - | -€2,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €975 | -€87 | -8.2% |
| Other operating charges | 640/8 | €571 | €1,392 | +€821 | +144% |
| Gross operating margin | 9900 | -€61,688 | -€68,740 | -€7,052 | -11.4% |
| Operating profit (loss) | 9901 | -€65,378 | -€71,108 | -€5,730 | -8.8% |
| Financial income | 75/76B | €70 | €201 | +€130 | +185% |
| Recurring financial income | 75 | €70 | €201 | +€130 | +185% |
| Financial charges | 65/66B | €429 | €1,202 | +€773 | +180% |
| Recurring financial charges | 65 | €429 | €1,202 | +€773 | +180% |
| Profit (loss) for the period before taxes | 9903 | -€65,736 | -€72,109 | -€6,373 | -9.7% |
| Income taxes | 67/77 | - | €136 | +€136 | |
| Profit (loss) for the period | 9904 | -€65,736 | -€72,245 | -€6,509 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,736 | -€72,245 | -€6,509 | -9.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.