J.D.M. 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.M. CONCEPT
Largest movements
- Receivables within one year +€62,389
new in 2025: €62,389
- Cash -€29,788
down €29,788 (-15.4%), from €194,049 to €164,261
mainly Receivables within one year (-€62,389) and Tax, wage and social debts (-€18,738)
- Tangible fixed assets -€21,521
down €21,521 (-34.9%), from €61,624 to €40,103
of which Plant, machinery and equipment: -€10,885
- Trade debts +€28,943
up €28,943 (+17.4%), from €166,140 to €195,082
- Tax, wage and social debts -€18,738
down €18,738 (-74.8%), from €25,064 to €6,326
of which Taxes: -€9,468
- Profit (loss) carried forward -€17,799
down €17,799 (-78.3%), from €22,744 to €4,945
- Current portion of long-term debt +€14,473
new in 2025: €14,473
- Debts after one year +€10,708
new in 2025: €10,708
- Gross operating margin -€33,338
down €33,338 (-12.1%), from €276,043 to €242,705
- Financial charges +€11,007
up €11,007 (+65.8%), from €16,734 to €27,741
- Taxes -€8,445
down €8,445 (-98.4%), from €8,586 to €141
- Depreciation -€6,271
down €6,271 (-21.3%), from €29,383 to €23,112
- Staff costs +€4,307
up €4,307 (+2.1%), from €203,320 to €207,627
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 | €336,066 | €350,087 | +€14,021 | +4.2% |
| Fixed assets | 21/28 | €61,748 | €40,227 | -€21,521 | -34.9% |
| Tangible fixed assets | 22/27 | €61,624 | €40,103 | -€21,521 | -34.9% |
| Plant, machinery and equipment | 23 | €39,416 | €28,530 | -€10,885 | -27.6% |
| Furniture and vehicles | 24 | €22,208 | €11,573 | -€10,636 | -47.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €274,318 | €309,860 | +€35,542 | +13.0% |
| Stocks and contracts in progress | 3 | €59,648 | €61,403 | +€1,755 | +2.9% |
| Stocks | 30/36 | €59,648 | €61,403 | +€1,755 | +2.9% |
| Amounts receivable within one year | 40/41 | - | €62,389 | +€62,389 | |
| Other amounts receivable | 41 | - | €62,389 | +€62,389 | |
| Cash at bank and in hand | 54/58 | €194,049 | €164,261 | -€29,788 | -15.4% |
| Deferred charges and accrued income | 490/1 | €20,622 | €21,808 | +€1,186 | +5.7% |
| Total equity and liabilities | 10/49 | €336,066 | €350,087 | +€14,021 | +4.2% |
| Equity | 10/15 | €119,584 | €101,785 | -€17,799 | -14.9% |
| Contributions | 10/11 | €86,700 | €86,700 | = | 0.0% |
| Capital | 10 | €86,700 | €86,700 | = | 0.0% |
| Issued capital | 100 | €86,700 | €86,700 | = | 0.0% |
| Reserves | 13 | €10,140 | €10,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,604 | €7,604 | = | 0.0% |
| Legal reserve | 130 | €7,604 | €7,604 | = | 0.0% |
| Distributable reserves | 133 | €2,536 | €2,536 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,744 | €4,945 | -€17,799 | -78.3% |
| Amounts payable | 17/49 | €216,482 | €248,302 | +€31,820 | +14.7% |
| Amounts payable after more than one year | 17 | - | €10,708 | +€10,708 | |
| Financial debts | 170/4 | - | €10,708 | +€10,708 | |
| Amounts payable within one year | 42/48 | €216,482 | €237,593 | +€21,111 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,473 | +€14,473 | |
| Trade debts | 44 | €166,140 | €195,082 | +€28,943 | +17.4% |
| Suppliers | 440/4 | €166,140 | €195,082 | +€28,943 | +17.4% |
| Taxes, remuneration and social security | 45 | €25,064 | €6,326 | -€18,738 | -74.8% |
| Taxes | 450/3 | €9,609 | €141 | -€9,468 | -98.5% |
| Remuneration and social security | 454/9 | €15,455 | €6,185 | -€9,270 | -60.0% |
| Other amounts payable | 47/48 | €25,279 | €21,712 | -€3,567 | -14.1% |
| Remuneration, social security and pensions | 62 | €203,320 | €207,627 | +€4,307 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,383 | €23,112 | -€6,271 | -21.3% |
| Other operating charges | 640/8 | €1,223 | €1,973 | +€751 | +61.4% |
| Non-recurring operating charges | 66A | - | €140 | +€140 | |
| Gross operating margin | 9900 | €276,043 | €242,705 | -€33,338 | -12.1% |
| Operating profit (loss) | 9901 | €42,117 | €9,853 | -€32,264 | -76.6% |
| Financial income | 75/76B | €133 | €230 | +€98 | +73.7% |
| Recurring financial income | 75 | €133 | €230 | +€98 | +73.7% |
| Financial charges | 65/66B | €16,734 | €27,741 | +€11,007 | +65.8% |
| Recurring financial charges | 65 | €16,734 | €27,741 | +€11,007 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €25,515 | -€17,658 | -€43,173 | |
| Income taxes | 67/77 | €8,586 | €141 | -€8,445 | -98.4% |
| Profit (loss) for the period | 9904 | €16,929 | -€17,799 | -€34,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,929 | -€17,799 | -€34,729 |
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.