J.D. STAR: 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. STAR
Largest movements
- Stocks and contracts -€87,454
down €87,454 (-24.3%), from €360,361 to €272,907
- Receivables within one year -€35,223
down €35,223 (-11.7%), from €301,239 to €266,016
of which Trade receivables: -€28,103
- Cash +€14,777
up €14,777 (+243%), from €6,086 to €20,863
mainly Stocks and contracts (+€87,454) and Receivables within one year (+€35,223)
- Profit (loss) carried forward -€87,375
down €87,375 (-66.8%), from -€130,728 to -€218,103
- Tax, wage and social debts +€34,659
up €34,659 (+55.6%), from €62,363 to €97,021
of which Remuneration and social security: +€34,420
- Trade debts -€32,376
down €32,376 (-11.7%), from €275,899 to €243,523
- Other debts -€26,359
down €26,359 (-6.6%), from €402,393 to €376,033
- Gross operating margin -€38,736
down €38,736 (-94.2%), from -€41,133 to -€79,869
- Other operating charges -€1,203
down €1,203 (-59.8%), from €2,012 to €808
- Financial charges +€1,074
up €1,074 (+27.5%), from €3,904 to €4,978
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 | €675,850 | €566,078 | -€109,772 | -16.2% |
| Fixed assets | 21/28 | €7,224 | €5,355 | -€1,869 | -25.9% |
| Tangible fixed assets | 22/27 | €6,976 | €5,107 | -€1,869 | -26.8% |
| Furniture and vehicles | 24 | €6,976 | €5,107 | -€1,869 | -26.8% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €668,626 | €560,723 | -€107,903 | -16.1% |
| Stocks and contracts in progress | 3 | €360,361 | €272,907 | -€87,454 | -24.3% |
| Stocks | 30/36 | €360,361 | €272,907 | -€87,454 | -24.3% |
| Amounts receivable within one year | 40/41 | €301,239 | €266,016 | -€35,223 | -11.7% |
| Trade receivables | 40 | €242,621 | €214,519 | -€28,103 | -11.6% |
| Other amounts receivable | 41 | €58,618 | €51,498 | -€7,120 | -12.1% |
| Cash at bank and in hand | 54/58 | €6,086 | €20,863 | +€14,777 | +243% |
| Deferred charges and accrued income | 490/1 | €939 | €937 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €675,850 | €566,078 | -€109,772 | -16.2% |
| Equity | 10/15 | -€64,805 | -€152,180 | -€87,375 | -135% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,323 | €47,323 | = | 0.0% |
| Distributable reserves | 133 | €47,323 | €47,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,728 | -€218,103 | -€87,375 | -66.8% |
| Amounts payable | 17/49 | €740,654 | €718,257 | -€22,397 | -3.0% |
| Amounts payable within one year | 42/48 | €740,654 | €716,577 | -€24,077 | -3.3% |
| Trade debts | 44 | €275,899 | €243,523 | -€32,376 | -11.7% |
| Suppliers | 440/4 | €275,899 | €243,523 | -€32,376 | -11.7% |
| Taxes, remuneration and social security | 45 | €62,363 | €97,021 | +€34,659 | +55.6% |
| Taxes | 450/3 | €3,095 | €3,334 | +€239 | +7.7% |
| Remuneration and social security | 454/9 | €59,267 | €93,687 | +€34,420 | +58.1% |
| Other amounts payable | 47/48 | €402,393 | €376,033 | -€26,359 | -6.6% |
| Accrued charges and deferred income | 492/3 | - | €1,680 | +€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,869 | €1,869 | = | 0.0% |
| Other operating charges | 640/8 | €2,012 | €808 | -€1,203 | -59.8% |
| Gross operating margin | 9900 | -€41,133 | -€79,869 | -€38,736 | -94.2% |
| Operating profit (loss) | 9901 | -€45,014 | -€82,547 | -€37,533 | -83.4% |
| Financial income | 75/76B | €78 | €206 | +€129 | +166% |
| Recurring financial income | 75 | €78 | €206 | +€129 | +166% |
| Financial charges | 65/66B | €3,904 | €4,978 | +€1,074 | +27.5% |
| Recurring financial charges | 65 | €3,904 | €4,978 | +€1,074 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,841 | -€87,319 | -€38,478 | -78.8% |
| Income taxes | 67/77 | €93 | €56 | -€37 | -39.5% |
| Profit (loss) for the period | 9904 | -€48,934 | -€87,375 | -€38,441 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,934 | -€87,375 | -€38,441 | -78.6% |
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 17 October 2026 via checked.be.