J D L: 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 L
Largest movements
- Cash -€14,489
down €14,489 (-28.8%), from €50,368 to €35,879
mainly Investment in fixed assets (net) (-€16,158) and Trade debts (-€9,690)
- Tangible fixed assets +€10,805
up €10,805 (+142%), from €7,628 to €18,433
of which Furniture and vehicles: +€11,348
- Stocks and contracts -€9,287
down €9,287 (-25.8%), from €36,042 to €26,754
- Trade debts -€9,690
down €9,690 (-44.1%), from €21,961 to €12,271
- Other debts -€5,449
down €5,449 (-20.1%), from €27,074 to €21,625
- Accrued charges and deferred income +€4,240
up €4,240 (+149%), from €2,848 to €7,089
- Profit (loss) carried forward -€3,068
down €3,068 (-5.4%), from -€57,126 to -€60,194
- Gross operating margin +€56,624
up €56,624, from -€50,664 to €5,960
- Depreciation +€2,912
up €2,912 (+119%), from €2,441 to €5,353
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 | €119,560 | €105,587 | -€13,973 | -11.7% |
| Fixed assets | 21/28 | €7,628 | €18,433 | +€10,805 | +142% |
| Tangible fixed assets | 22/27 | €7,628 | €18,433 | +€10,805 | +142% |
| Plant, machinery and equipment | 23 | €1,076 | €532 | -€544 | -50.5% |
| Furniture and vehicles | 24 | €6,552 | €17,901 | +€11,348 | +173% |
| Current assets | 29/58 | €111,932 | €87,154 | -€24,778 | -22.1% |
| Stocks and contracts in progress | 3 | €36,042 | €26,754 | -€9,287 | -25.8% |
| Stocks | 30/36 | €36,042 | €26,754 | -€9,287 | -25.8% |
| Amounts receivable within one year | 40/41 | €14,703 | €13,570 | -€1,134 | -7.7% |
| Trade receivables | 40 | €4,697 | €4,427 | -€270 | -5.7% |
| Other amounts receivable | 41 | €10,006 | €9,142 | -€864 | -8.6% |
| Cash at bank and in hand | 54/58 | €50,368 | €35,879 | -€14,489 | -28.8% |
| Deferred charges and accrued income | 490/1 | €10,819 | €10,951 | +€133 | +1.2% |
| Total equity and liabilities | 10/49 | €119,560 | €105,587 | -€13,973 | -11.7% |
| Equity | 10/15 | €61,102 | €58,034 | -€3,068 | -5.0% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €82,227 | €82,227 | = | 0.0% |
| Distributable reserves | 133 | €82,227 | €82,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,126 | -€60,194 | -€3,068 | -5.4% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €52,458 | €41,553 | -€10,905 | -20.8% |
| Amounts payable within one year | 42/48 | €49,610 | €34,465 | -€15,145 | -30.5% |
| Trade debts | 44 | €21,961 | €12,271 | -€9,690 | -44.1% |
| Suppliers | 440/4 | €21,961 | €12,271 | -€9,690 | -44.1% |
| Taxes, remuneration and social security | 45 | €575 | €569 | -€7 | -1.1% |
| Taxes | 450/3 | €575 | €569 | -€7 | -1.1% |
| Other amounts payable | 47/48 | €27,074 | €21,625 | -€5,449 | -20.1% |
| Accrued charges and deferred income | 492/3 | €2,848 | €7,089 | +€4,240 | +149% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,441 | €5,353 | +€2,912 | +119% |
| Other operating charges | 640/8 | €1,409 | €1,329 | -€80 | -5.7% |
| Gross operating margin | 9900 | -€50,664 | €5,960 | +€56,624 | |
| Operating profit (loss) | 9901 | -€54,514 | -€722 | +€53,791 | +98.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,472 | €2,223 | -€249 | -10.1% |
| Recurring financial charges | 65 | €2,472 | €2,223 | -€249 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,986 | -€2,936 | +€54,050 | +94.8% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.6% |
| Profit (loss) for the period | 9904 | -€57,126 | -€3,068 | +€54,058 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,126 | -€3,068 | +€54,058 | +94.6% |
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 22 October 2026 via checked.be.