J.D.S.: 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.
What changed
J.D.S.
NACE 56.301, Cafés and bars
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€44,767
2024 · €362,853-€407,620
Equity
€1.5m
2024 · €1.5m-€44,767
Cash
€33,867
2024 · €19,776+€14,091
Balance sheet total
€4.6m
2024 · €2.9m+€1.7m
Largest movements
Assets
- Stocks and contracts +€1.7m
up €1.7m (+316%), from €526,277 to €2.2m
Equity and liabilities
- Short-term financial debts +€1.6m
new in 2025: €1.6m
- Other debts +€261,881
up €261,881 (+1,497%), from €17,489 to €279,370
- Debts after one year -€94,978
down €94,978 (-7.9%), from €1.2m to €1.1m
Income statement
- Gross operating margin -€688,320
down €688,320 (-89.1%), from €772,733 to €84,413
- Taxes -€114,717
no longer reported in 2025 (was €114,717)
- Depreciation -€80,792
down €80,792 (-51.3%), from €157,554 to €76,762
- Financial charges -€79,682
down €79,682 (-59.3%), from €134,337 to €54,655
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.
Result 2024
€362,853
Gross operating margin
-€688,320
Depreciation
+€80,792
Other operating charges
+€1,442
Financial income
+€4,067
Financial charges
+€79,682
Taxes
+€114,717
Result 2025
-€44,767
raises the resultlowers the result
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.
From operations
-€1.4m
Investment
-€77,620
Financing
+€1.5m
Cash 2024
€19,776
From operations (derived)
-€1.4m
Net result for the year
-€44,767
Depreciation
+€76,762
Stocks and contracts
-€1.7m
Receivables within one year
-€8,261
Smaller working-capital items
-€3,652
Other debts
+€261,881
Investment (derived)
-€77,620
Investment in fixed assets (net)
-€77,620
Financing
+€1.5m
Debts after one year
-€94,978
Current portion of long-term debt
-€4,702
Short-term financial debts
+€1.6m
Cash 2025
€33,867
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,873,738 | €4,560,578 | +€1.7m | +58.7% |
| Fixed assets | 21/28 | €1,645,690 | €1,646,548 | +€858 | +0.1% |
| Tangible fixed assets | 22/27 | €1,482,938 | €1,483,796 | +€858 | +0.1% |
| Land and buildings | 22 | €1,441,235 | €1,444,739 | +€3,504 | +0.2% |
| Plant, machinery and equipment | 23 | €1,685 | €3,150 | +€1,465 | +86.9% |
| Furniture and vehicles | 24 | €13,489 | €9,378 | -€4,111 | -30.5% |
| Other tangible fixed assets | 26 | €26,529 | €26,529 | = | 0.0% |
| Financial fixed assets | 28 | €162,752 | €162,752 | = | 0.0% |
| Current assets | 29/58 | €1,228,048 | €2,914,030 | +€1.7m | +137% |
| Amounts receivable after more than one year | 29 | €195,000 | €195,000 | = | 0.0% |
| Other amounts receivable | 291 | €195,000 | €195,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €526,277 | €2,190,452 | +€1.7m | +316% |
| Stocks | 30/36 | €526,277 | €2,190,452 | +€1.7m | +316% |
| Amounts receivable within one year | 40/41 | €483,552 | €491,813 | +€8,261 | +1.7% |
| Other amounts receivable | 41 | €483,552 | €491,813 | +€8,261 | +1.7% |
| Cash at bank and in hand | 54/58 | €19,776 | €33,867 | +€14,091 | +71.3% |
| Deferred charges and accrued income | 490/1 | €3,443 | €2,898 | -€545 | -15.8% |
| Total equity and liabilities | 10/49 | €2,873,738 | €4,560,578 | +€1.7m | +58.7% |
| Equity | 10/15 | €1,549,712 | €1,504,945 | -€44,767 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,531,112 | €1,531,112 | = | 0.0% |
| Tax-exempt reserves | 132 | €216,033 | €216,033 | = | 0.0% |
| Distributable reserves | 133 | €1,315,079 | €1,315,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€44,767 | -€44,767 | |
| Amounts payable | 17/49 | €1,324,026 | €3,055,633 | +€1.7m | +131% |
| Amounts payable after more than one year | 17 | €1,200,095 | €1,105,117 | -€94,978 | -7.9% |
| Financial debts | 170/4 | €1,200,095 | €1,105,117 | -€94,978 | -7.9% |
| Amounts payable within one year | 42/48 | €123,931 | €1,950,516 | +€1.8m | +1,474% |
| Current portion of amounts payable after more than one year | 42 | €99,679 | €94,977 | -€4,702 | -4.7% |
| Financial debts | 43 | - | €1,573,603 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,573,603 | +€1.6m | |
| Trade debts | 44 | €4,869 | €2,566 | -€2,303 | -47.3% |
| Suppliers | 440/4 | €4,869 | €2,566 | -€2,303 | -47.3% |
| Taxes, remuneration and social security | 45 | €1,894 | - | -€1,894 | |
| Taxes | 450/3 | €1,894 | - | -€1,894 | |
| Other amounts payable | 47/48 | €17,489 | €279,370 | +€261,881 | +1,497% |
| Non-recurring operating income | 76A | €235,522 | €56,437 | -€179,085 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,554 | €76,762 | -€80,792 | -51.3% |
| Other operating charges | 640/8 | €3,499 | €2,057 | -€1,442 | -41.2% |
| Gross operating margin | 9900 | €772,733 | €84,413 | -€688,320 | -89.1% |
| Operating profit (loss) | 9901 | €611,680 | €5,594 | -€606,086 | -99.1% |
| Financial income | 75/76B | €227 | €4,294 | +€4,067 | +1,792% |
| Recurring financial income | 75 | €227 | €4,294 | +€4,067 | +1,792% |
| Financial charges | 65/66B | €134,337 | €54,655 | -€79,682 | -59.3% |
| Recurring financial charges | 65 | €134,337 | €54,655 | -€79,682 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €477,570 | -€44,767 | -€522,337 | |
| Income taxes | 67/77 | €114,717 | - | -€114,717 | |
| Profit (loss) for the period | 9904 | €362,853 | -€44,767 | -€407,620 | |
| Transfer to tax-exempt reserves | 689 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,353 | -€44,767 | -€197,120 |
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 24 October 2026 via checked.be.