J.D.N.: 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.N.
Largest movements
- Current investments +€49,028
new in 2024: €49,028
- Tangible fixed assets -€43,923
down €43,923 (-7.0%), from €624,606 to €580,683
of which Land and buildings: -€39,993
- Cash -€28,605
down €28,605 (-89.4%), from €32,003 to €3,398
mainly Debts after one year (-€180,800) and Current investments (-€49,028)
- Debts after one year -€180,800
down €180,800 (-90.4%), from €200,000 to €19,200
of which Financial debts: -€200,000
- Other debts +€134,096
up €134,096 (+35.8%), from €374,669 to €508,766
- Profit (loss) carried forward +€25,069
up €25,069 (+22.4%), from -€112,151 to -€87,082
- Gross operating margin +€31,295
up €31,295 (+66.5%), from €47,094 to €78,389
- Depreciation -€8,428
down €8,428 (-16.1%), from €52,351 to €43,923
- Financial charges +€2,128
up €2,128 (+48.6%), from €4,383 to €6,511
- Other operating charges +€1,867
up €1,867 (+34.4%), from €5,429 to €7,296
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,656 | €633,194 | -€23,462 | -3.6% |
| Fixed assets | 21/28 | €624,653 | €580,730 | -€43,923 | -7.0% |
| Tangible fixed assets | 22/27 | €624,606 | €580,683 | -€43,923 | -7.0% |
| Land and buildings | 22 | €620,676 | €580,683 | -€39,993 | -6.4% |
| Furniture and vehicles | 24 | €3,930 | - | -€3,930 | |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €32,003 | €52,464 | +€20,461 | +63.9% |
| Amounts receivable within one year | 40/41 | - | €38 | +€38 | |
| Other amounts receivable | 41 | - | €38 | +€38 | |
| Current investments | 50/53 | - | €49,028 | +€49,028 | |
| Cash at bank and in hand | 54/58 | €32,003 | €3,398 | -€28,605 | -89.4% |
| Total equity and liabilities | 10/49 | €656,656 | €633,194 | -€23,462 | -3.6% |
| Equity | 10/15 | €62,825 | €84,768 | +€21,942 | +34.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €113,476 | €110,349 | -€3,127 | -2.8% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €100,648 | €97,521 | -€3,127 | -3.1% |
| Distributable reserves | 133 | €8,490 | €8,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,151 | -€87,082 | +€25,069 | +22.4% |
| Provisions and deferred taxes | 16 | €16,672 | €15,390 | -€1,282 | -7.7% |
| Deferred taxes | 168 | €16,672 | €15,390 | -€1,282 | -7.7% |
| Amounts payable | 17/49 | €577,158 | €533,037 | -€44,122 | -7.6% |
| Amounts payable after more than one year | 17 | €200,000 | €19,200 | -€180,800 | -90.4% |
| Financial debts | 170/4 | €200,000 | €0 | -€200,000 | -100% |
| Other amounts payable | 178/9 | - | €19,200 | +€19,200 | |
| Amounts payable within one year | 42/48 | €377,158 | €513,837 | +€136,678 | +36.2% |
| Trade debts | 44 | €2,489 | €5,071 | +€2,582 | +104% |
| Suppliers | 440/4 | €2,489 | €5,071 | +€2,582 | +104% |
| Other amounts payable | 47/48 | €374,669 | €508,766 | +€134,096 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,351 | €43,923 | -€8,428 | -16.1% |
| Other operating charges | 640/8 | €5,429 | €7,296 | +€1,867 | +34.4% |
| Gross operating margin | 9900 | €47,094 | €78,389 | +€31,295 | +66.5% |
| Operating profit (loss) | 9901 | -€10,686 | €27,170 | +€37,856 | |
| Financial charges | 65/66B | €4,383 | €6,511 | +€2,128 | +48.6% |
| Recurring financial charges | 65 | €4,383 | €6,511 | +€2,128 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,069 | €20,660 | +€35,728 | |
| Transfer from deferred taxes | 780 | €4,409 | €4,409 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,659 | €25,069 | +€35,728 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,659 | €25,069 | +€35,728 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.