J.D. CONCEPT: 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. CONCEPT
Largest movements
- Stocks and contracts +€26,701
up €26,701 (+10.7%), from €248,452 to €275,153
- Receivables within one year -€26,187
down €26,187 (-13.1%), from €199,589 to €173,402
of which Other amounts receivable: -€34,904
- Profit (loss) carried forward +€35,791
up €35,791 (+12.3%), from €289,987 to €325,778
- Tax, wage and social debts -€16,122
down €16,122 (-40.6%), from €39,674 to €23,552
of which Remuneration and social security: -€9,011
- Short-term financial debts -€11,944
down €11,944 (-70.2%), from €17,021 to €5,077
- Trade debts -€9,442
down €9,442 (-9.3%), from €101,776 to €92,334
- Gross operating margin +€28,297
up €28,297 (+25.2%), from €112,431 to €140,728
- Write-downs +€26,169
no longer reported in 2025 (was -€26,169)
- Other operating charges -€24,203
down €24,203 (-79.2%), from €30,573 to €6,370
- Staff costs -€12,263
down €12,263 (-12.4%), from €98,869 to €86,605
- Taxes +€9,245
up €9,245 (+244.0%), from €3,789 to €13,034
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 | €531,923 | €530,382 | -€1,542 | -0.3% |
| Fixed assets | 21/28 | €6,228 | €3,344 | -€2,884 | -46.3% |
| Tangible fixed assets | 22/27 | €6,228 | €3,344 | -€2,884 | -46.3% |
| Furniture and vehicles | 24 | €121 | €76 | -€45 | -37.2% |
| Other tangible fixed assets | 26 | €6,106 | €3,267 | -€2,839 | -46.5% |
| Current assets | 29/58 | €525,696 | €527,038 | +€1,342 | +0.3% |
| Stocks and contracts in progress | 3 | €248,452 | €275,153 | +€26,701 | +10.7% |
| Stocks | 30/36 | €248,452 | €275,153 | +€26,701 | +10.7% |
| Amounts receivable within one year | 40/41 | €199,589 | €173,402 | -€26,187 | -13.1% |
| Trade receivables | 40 | €114,382 | €123,099 | +€8,717 | +7.6% |
| Other amounts receivable | 41 | €85,207 | €50,303 | -€34,904 | -41.0% |
| Cash at bank and in hand | 54/58 | €75,851 | €75,166 | -€685 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,805 | €3,317 | +€1,512 | +83.8% |
| Total equity and liabilities | 10/49 | €531,923 | €530,382 | -€1,542 | -0.3% |
| Equity | 10/15 | €373,452 | €409,418 | +€35,966 | +9.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €8,465 | €8,640 | +€175 | +2.1% |
| Tax-exempt reserves | 132 | €965 | €1,140 | +€175 | +18.1% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,987 | €325,778 | +€35,791 | +12.3% |
| Amounts payable | 17/49 | €158,471 | €120,963 | -€37,508 | -23.7% |
| Amounts payable within one year | 42/48 | €158,471 | €120,963 | -€37,508 | -23.7% |
| Financial debts | 43 | €17,021 | €5,077 | -€11,944 | -70.2% |
| Credit institutions | 430/8 | €17,021 | €5,077 | -€11,944 | -70.2% |
| Trade debts | 44 | €101,776 | €92,334 | -€9,442 | -9.3% |
| Suppliers | 440/4 | €101,776 | €92,334 | -€9,442 | -9.3% |
| Taxes, remuneration and social security | 45 | €39,674 | €23,552 | -€16,122 | -40.6% |
| Taxes | 450/3 | €21,138 | €14,027 | -€7,111 | -33.6% |
| Remuneration and social security | 454/9 | €18,536 | €9,525 | -€9,011 | -48.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €98,869 | €86,605 | -€12,263 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,884 | €2,884 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,169 | - | +€26,169 | |
| Other operating charges | 640/8 | €30,573 | €6,370 | -€24,203 | -79.2% |
| Gross operating margin | 9900 | €112,431 | €140,728 | +€28,297 | +25.2% |
| Operating profit (loss) | 9901 | €6,274 | €44,869 | +€38,595 | +615.1% |
| Financial income | 75/76B | €9,300 | €7,052 | -€2,249 | -24.2% |
| Recurring financial income | 75 | €9,300 | €7,052 | -€2,249 | -24.2% |
| Financial charges | 65/66B | €3,819 | €2,921 | -€899 | -23.5% |
| Recurring financial charges | 65 | €3,819 | €2,921 | -€899 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €11,755 | €49,000 | +€37,245 | +316.8% |
| Income taxes | 67/77 | €3,789 | €13,034 | +€9,245 | +244.0% |
| Profit (loss) for the period | 9904 | €7,967 | €35,966 | +€27,999 | +351.5% |
| Transfer to tax-exempt reserves | 689 | - | €175 | +€175 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,967 | €35,791 | +€27,824 | +349.3% |
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 12 October 2026 via checked.be.