J&D Express: 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 Express
Largest movements
- Tangible fixed assets -€39,582
down €39,582 (-48.5%), from €81,641 to €42,059
of which Other tangible fixed assets: -€21,267
- Intangible fixed assets -€17,000
down €17,000 (-47.4%), from €35,841 to €18,841
- Receivables within one year -€8,599
down €8,599 (-9.2%), from €93,674 to €85,076
of which Trade receivables: -€8,456
- Cash +€6,091
up €6,091 (+11.7%), from €51,971 to €58,062
mainly Depreciation (+€56,582) and Tax, wage and social debts (+€9,422)
- Trade debts -€21,359
down €21,359 (-11.8%), from €180,561 to €159,202
- Profit (loss) carried forward -€16,976
down €16,976, from €16,031 to -€945
- Other debts -€15,127
down €15,127 (-100.0%), from €15,127 to €0
- Debts after one year -€14,190
down €14,190 (-10.7%), from €133,075 to €118,886
- Tax, wage and social debts +€9,422
up €9,422 (+72.4%), from €13,009 to €22,431
of which Remuneration and social security: +€12,826
- Staff costs +€19,350
up €19,350 (+17.9%), from €107,807 to €127,157
- Taxes -€19,023
down €19,023 (-100.0%), from €19,023 to €0
- Gross operating margin -€10,631
down €10,631 (-5.5%), from €192,889 to €182,257
- Other operating charges +€2,244
up €2,244 (+40.7%), from €5,506 to €7,750
- Financial income +€2,029
up €2,029 (+922259.1%), from €0 to €2,029
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 | €393,343 | €335,327 | -€58,017 | -14.7% |
| Fixed assets | 21/28 | €117,483 | €60,901 | -€56,582 | -48.2% |
| Intangible fixed assets | 21 | €35,841 | €18,841 | -€17,000 | -47.4% |
| Tangible fixed assets | 22/27 | €81,641 | €42,059 | -€39,582 | -48.5% |
| Plant, machinery and equipment | 23 | €9,668 | €4,073 | -€5,595 | -57.9% |
| Furniture and vehicles | 24 | €25,533 | €12,813 | -€12,721 | -49.8% |
| Other tangible fixed assets | 26 | €46,440 | €25,174 | -€21,267 | -45.8% |
| Current assets | 29/58 | €275,861 | €274,426 | -€1,435 | -0.5% |
| Stocks and contracts in progress | 3 | €126,875 | €126,875 | = | 0.0% |
| Stocks | 30/36 | €126,875 | €126,875 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,674 | €85,076 | -€8,599 | -9.2% |
| Trade receivables | 40 | €9,096 | €640 | -€8,456 | -93.0% |
| Other amounts receivable | 41 | €84,578 | €84,435 | -€143 | -0.2% |
| Cash at bank and in hand | 54/58 | €51,971 | €58,062 | +€6,091 | +11.7% |
| Deferred charges and accrued income | 490/1 | €3,340 | €4,413 | +€1,072 | +32.1% |
| Total equity and liabilities | 10/49 | €393,343 | €335,327 | -€58,017 | -14.7% |
| Equity | 10/15 | €37,594 | €20,619 | -€16,976 | -45.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,563 | €1,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,563 | €1,563 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,563 | €1,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,031 | -€945 | -€16,976 | |
| Amounts payable | 17/49 | €355,749 | €314,708 | -€41,041 | -11.5% |
| Amounts payable after more than one year | 17 | €133,075 | €118,886 | -€14,190 | -10.7% |
| Financial debts | 170/4 | €133,075 | €118,886 | -€14,190 | -10.7% |
| Amounts payable within one year | 42/48 | €222,674 | €195,822 | -€26,851 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €13,977 | €14,190 | +€213 | +1.5% |
| Trade debts | 44 | €180,561 | €159,202 | -€21,359 | -11.8% |
| Suppliers | 440/4 | €180,561 | €159,202 | -€21,359 | -11.8% |
| Taxes, remuneration and social security | 45 | €13,009 | €22,431 | +€9,422 | +72.4% |
| Taxes | 450/3 | €3,404 | €0 | -€3,404 | -100.0% |
| Remuneration and social security | 454/9 | €9,605 | €22,431 | +€12,826 | +133.5% |
| Other amounts payable | 47/48 | €15,127 | €0 | -€15,127 | -100.0% |
| Remuneration, social security and pensions | 62 | €107,807 | €127,157 | +€19,350 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,654 | €56,582 | -€1,072 | -1.9% |
| Other operating charges | 640/8 | €5,506 | €7,750 | +€2,244 | +40.7% |
| Gross operating margin | 9900 | €192,889 | €182,257 | -€10,631 | -5.5% |
| Operating profit (loss) | 9901 | €21,922 | -€9,231 | -€31,153 | |
| Financial income | 75/76B | €0 | €2,029 | +€2,029 | +922259.1% |
| Recurring financial income | 75 | €0 | €2,029 | +€2,029 | +922259.1% |
| Financial charges | 65/66B | €10,623 | €9,774 | -€849 | -8.0% |
| Recurring financial charges | 65 | €10,623 | €9,774 | -€849 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €11,299 | -€16,976 | -€28,275 | |
| Income taxes | 67/77 | €19,023 | €0 | -€19,023 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,724 | -€16,976 | -€9,252 | -119.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,724 | -€16,976 | -€9,252 | -119.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.