J.D. FINANCES: 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. FINANCES
Largest movements
- Cash +€394,905
up €394,905 (+138%), from €287,194 to €682,099
mainly Net result for the year (+€326,612) and Receivables within one year (+€53,776)
- Receivables within one year -€53,776
down €53,776 (-55.2%), from €97,462 to €43,686
of which Other amounts receivable: -€53,048
- Financial fixed assets -€9,704
down €9,704 (-96.9%), from €10,014 to €310
- Reserves +€320,000
up €320,000 (+120%), from €266,930 to €586,930
of which Non-distributable reserves: +€320,000
- Gross operating margin +€328,378
up €328,378 (+436%), from €75,340 to €403,718
- Taxes +€78,986
up €78,986 (+578%), from €13,663 to €92,649
- Staff costs -€35,372
no longer reported in 2025 (was €35,372)
- Financial income -€5,688
down €5,688 (-20.1%), from €28,315 to €22,627
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 | €401,563 | €732,729 | +€331,166 | +82.5% |
| Fixed assets | 21/28 | €16,907 | €6,944 | -€9,962 | -58.9% |
| Tangible fixed assets | 22/27 | €6,893 | €6,634 | -€258 | -3.7% |
| Plant, machinery and equipment | 23 | - | €3,699 | +€3,699 | |
| Furniture and vehicles | 24 | €6,893 | €2,935 | -€3,958 | -57.4% |
| Financial fixed assets | 28 | €10,014 | €310 | -€9,704 | -96.9% |
| Current assets | 29/58 | €384,656 | €725,785 | +€341,128 | +88.7% |
| Amounts receivable within one year | 40/41 | €97,462 | €43,686 | -€53,776 | -55.2% |
| Trade receivables | 40 | €728 | - | -€728 | |
| Other amounts receivable | 41 | €96,734 | €43,686 | -€53,048 | -54.8% |
| Cash at bank and in hand | 54/58 | €287,194 | €682,099 | +€394,905 | +138% |
| Total equity and liabilities | 10/49 | €401,563 | €732,729 | +€331,166 | +82.5% |
| Equity | 10/15 | €397,973 | €724,586 | +€326,612 | +82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,930 | €586,930 | +€320,000 | +120% |
| Non-distributable reserves | 130/1 | €232,930 | €552,930 | +€320,000 | +137% |
| Reserves not available under the articles | 1311 | €232,930 | €552,930 | +€320,000 | +137% |
| Tax-exempt reserves | 132 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,443 | €119,056 | +€6,612 | +5.9% |
| Amounts payable | 17/49 | €3,590 | €8,143 | +€4,554 | +127% |
| Amounts payable within one year | 42/48 | €3,590 | €8,143 | +€4,554 | +127% |
| Trade debts | 44 | €120 | €2,684 | +€2,564 | +2,132% |
| Suppliers | 440/4 | €120 | €2,684 | +€2,564 | +2,132% |
| Taxes, remuneration and social security | 45 | €3,469 | €1,210 | -€2,260 | -65.1% |
| Taxes | 450/3 | €3,469 | €1,210 | -€2,260 | -65.1% |
| Other amounts payable | 47/48 | - | €4,250 | +€4,250 | |
| Remuneration, social security and pensions | 62 | €35,372 | - | -€35,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,146 | €6,016 | -€130 | -2.1% |
| Other operating charges | 640/8 | €261 | €1,067 | +€806 | +309% |
| Gross operating margin | 9900 | €75,340 | €403,718 | +€328,378 | +436% |
| Operating profit (loss) | 9901 | €33,562 | €396,635 | +€363,073 | +1,082% |
| Financial income | 75/76B | €28,315 | €22,627 | -€5,688 | -20.1% |
| Recurring financial income | 75 | €28,315 | €22,627 | -€5,688 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €61,877 | €419,262 | +€357,385 | +578% |
| Income taxes | 67/77 | €13,663 | €92,649 | +€78,986 | +578% |
| Profit (loss) for the period | 9904 | €48,214 | €326,612 | +€278,398 | +577% |
| Profit (loss) for the period to be appropriated | 9905 | €48,214 | €326,612 | +€278,398 | +577% |
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 25 October 2026 via checked.be.