J.D'ELEC: 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'ELEC
Largest movements
- Cash +€44,318
up €44,318 (+159%), from €27,911 to €72,229
mainly Trade debts (+€29,658) and Other debts (+€20,000)
- Stocks and contracts +€11,278
up €11,278 (+60.9%), from €18,529 to €29,806
- Deferred charges and accrued income -€7,021
down €7,021 (-73.5%), from €9,552 to €2,531
- Intangible fixed assets -€5,818
down €5,818 (-12.9%), from €45,266 to €39,448
- Trade debts +€29,658
up €29,658 (+57.0%), from €52,015 to €81,673
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€16,878
down €16,878 (-49.3%), from €34,241 to €17,363
of which Taxes: -€12,717
- Reserves +€8,200
up €8,200 (+16.7%), from €49,091 to €57,291
- Purchases and services -€39,442
down €39,442 (-12.5%), from €316,283 to €276,841
- Turnover -€34,026
down €34,026 (-8.1%), from €422,057 to €388,031
- Staff costs -€22,110
down €22,110 (-19.7%), from €112,236 to €90,126
- Gross operating margin -€19,019
down €19,019 (-13.9%), from €136,365 to €117,345
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.
Derived cash bridge
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 | €178,986 | €221,766 | +€42,781 | +23.9% |
| Formation expenses | 20 | €394 | €0 | -€394 | -100% |
| Fixed assets | 21/28 | €48,136 | €43,190 | -€4,946 | -10.3% |
| Intangible fixed assets | 21 | €45,266 | €39,448 | -€5,818 | -12.9% |
| Tangible fixed assets | 22/27 | €2,315 | €3,187 | +€872 | +37.7% |
| Plant, machinery and equipment | 23 | - | €1,003 | +€1,003 | |
| Furniture and vehicles | 24 | €2,315 | €2,184 | -€131 | -5.7% |
| Financial fixed assets | 28 | €556 | €556 | = | 0.0% |
| Current assets | 29/58 | €130,456 | €178,576 | +€48,120 | +36.9% |
| Stocks and contracts in progress | 3 | €18,529 | €29,806 | +€11,278 | +60.9% |
| Stocks | 30/36 | €18,529 | €29,806 | +€11,278 | +60.9% |
| Amounts receivable within one year | 40/41 | €74,463 | €74,010 | -€454 | -0.6% |
| Trade receivables | 40 | €58,940 | €54,050 | -€4,890 | -8.3% |
| Other amounts receivable | 41 | €15,524 | €19,960 | +€4,436 | +28.6% |
| Cash at bank and in hand | 54/58 | €27,911 | €72,229 | +€44,318 | +159% |
| Deferred charges and accrued income | 490/1 | €9,552 | €2,531 | -€7,021 | -73.5% |
| Total equity and liabilities | 10/49 | €178,986 | €221,766 | +€42,781 | +23.9% |
| Equity | 10/15 | €92,730 | €102,730 | +€10,001 | +10.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €49,091 | €57,291 | +€8,200 | +16.7% |
| Distributable reserves | 133 | €49,091 | €57,291 | +€8,200 | +16.7% |
| Profit (loss) carried forward | 14 | €8,639 | €10,439 | +€1,801 | +20.8% |
| Amounts payable | 17/49 | €86,256 | €119,036 | +€32,780 | +38.0% |
| Amounts payable within one year | 42/48 | €86,256 | €119,036 | +€32,780 | +38.0% |
| Trade debts | 44 | €52,015 | €81,673 | +€29,658 | +57.0% |
| Suppliers | 440/4 | €52,015 | €81,673 | +€29,658 | +57.0% |
| Taxes, remuneration and social security | 45 | €34,241 | €17,363 | -€16,878 | -49.3% |
| Taxes | 450/3 | €16,017 | €3,301 | -€12,717 | -79.4% |
| Remuneration and social security | 454/9 | €18,224 | €14,063 | -€4,161 | -22.8% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Turnover | 70 | €422,057 | €388,031 | -€34,026 | -8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €316,283 | €276,841 | -€39,442 | -12.5% |
| Remuneration, social security and pensions | 62 | €112,236 | €90,126 | -€22,110 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,552 | €7,660 | -€2,891 | -27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,376 | +€2,376 | |
| Other operating charges | 640/8 | €409 | €738 | +€329 | +80.6% |
| Non-recurring operating charges | 66A | €636 | €407 | -€229 | -36.0% |
| Gross operating margin | 9900 | €136,365 | €117,345 | -€19,019 | -13.9% |
| Operating profit (loss) | 9901 | €12,532 | €16,038 | +€3,506 | +28.0% |
| Financial income | 75/76B | €1,042 | €126 | -€917 | -87.9% |
| Recurring financial income | 75 | €1,042 | €126 | -€917 | -87.9% |
| Financial charges | 65/66B | €2,658 | €1,819 | -€839 | -31.6% |
| Recurring financial charges | 65 | €2,658 | €1,819 | -€839 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €10,917 | €14,345 | +€3,429 | +31.4% |
| Income taxes | 67/77 | €3,122 | €4,345 | +€1,223 | +39.2% |
| Profit (loss) for the period | 9904 | €7,795 | €10,001 | +€2,206 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,795 | €10,001 | +€2,206 | +28.3% |
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 14 October 2026 via checked.be.