J DEDRY: what changed
Two fiscal 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 DEDRY
Largest movements
- Current investments +€420,000
new in 2025: €420,000
- Cash -€402,757
down €402,757 (-72.5%), from €555,712 to €152,955
mainly Current investments (-€420,000) and Investment in fixed assets (net) (-€69,077)
- Tangible fixed assets +€53,064
up €53,064 (+452.2%), from €11,736 to €64,800
of which Furniture and vehicles: +€54,934
- Receivables within one year -€38,354
down €38,354 (-72.1%), from €53,215 to €14,862
of which Other amounts receivable: -€28,512
- Stocks and contracts -€30,846
down €30,846 (-88.0%), from €35,069 to €4,223
- Reserves +€36,000
up €36,000 (+7.2%), from €496,860 to €532,860
of which Distributable reserves: +€36,000
- Tax, wage and social debts -€30,731
down €30,731 (-85.0%), from €36,144 to €5,413
of which Taxes: -€28,551
- Gross operating margin -€84,299
down €84,299 (-62.5%), from €134,919 to €50,620
- Taxes -€22,955
down €22,955 (-56.6%), from €40,534 to €17,579
- Depreciation +€12,599
up €12,599 (+355.0%), from €3,549 to €16,148
- Write-downs -€6,090
new in 2025: -€6,090
- Staff costs -€3,055
no longer reported in 2025 (was €3,055)
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.
Cash bridge derived
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 | €659,024 | €661,102 | +€2,077 | +0.3% |
| Fixed assets | 21/28 | €11,995 | €64,924 | +€52,929 | +441.3% |
| Tangible fixed assets | 22/27 | €11,736 | €64,800 | +€53,064 | +452.2% |
| Furniture and vehicles | 24 | €700 | €55,634 | +€54,934 | +7844.6% |
| Other tangible fixed assets | 26 | €11,036 | €9,166 | -€1,870 | -16.9% |
| Financial fixed assets | 28 | €259 | €124 | -€135 | -52.1% |
| Current assets | 29/58 | €647,030 | €596,178 | -€50,852 | -7.9% |
| Stocks and contracts in progress | 3 | €35,069 | €4,223 | -€30,846 | -88.0% |
| Stocks | 30/36 | €35,069 | €4,223 | -€30,846 | -88.0% |
| Amounts receivable within one year | 40/41 | €53,215 | €14,862 | -€38,354 | -72.1% |
| Trade receivables | 40 | €24,703 | €14,862 | -€9,841 | -39.8% |
| Other amounts receivable | 41 | €28,512 | - | -€28,512 | |
| Current investments | 50/53 | - | €420,000 | +€420,000 | |
| Cash at bank and in hand | 54/58 | €555,712 | €152,955 | -€402,757 | -72.5% |
| Deferred charges and accrued income | 490/1 | €3,034 | €4,138 | +€1,104 | +36.4% |
| Total equity and liabilities | 10/49 | €659,024 | €661,102 | +€2,077 | +0.3% |
| Equity | 10/15 | €613,483 | €649,908 | +€36,425 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €496,860 | €532,860 | +€36,000 | +7.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €495,000 | €531,000 | +€36,000 | +7.3% |
| Profit (loss) carried forward | 14 | €98,023 | €98,448 | +€425 | +0.4% |
| Amounts payable | 17/49 | €45,541 | €11,194 | -€34,348 | -75.4% |
| Amounts payable within one year | 42/48 | €44,829 | €10,004 | -€34,825 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | €2,637 | - | -€2,637 | |
| Trade debts | 44 | €3,733 | €1,953 | -€1,780 | -47.7% |
| Suppliers | 440/4 | €3,733 | €1,953 | -€1,780 | -47.7% |
| Taxes, remuneration and social security | 45 | €36,144 | €5,413 | -€30,731 | -85.0% |
| Taxes | 450/3 | €33,964 | €5,413 | -€28,551 | -84.1% |
| Remuneration and social security | 454/9 | €2,180 | - | -€2,180 | |
| Other amounts payable | 47/48 | €2,314 | €2,637 | +€323 | +14.0% |
| Accrued charges and deferred income | 492/3 | €713 | €1,190 | +€477 | +66.9% |
| Remuneration, social security and pensions | 62 | €3,055 | - | -€3,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,549 | €16,148 | +€12,599 | +355.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,090 | -€6,090 | |
| Other operating charges | 640/8 | €790 | €100 | -€690 | -87.3% |
| Gross operating margin | 9900 | €134,919 | €50,620 | -€84,299 | -62.5% |
| Operating profit (loss) | 9901 | €127,525 | €40,462 | -€87,063 | -68.3% |
| Financial income | 75/76B | €13,808 | €14,558 | +€751 | +5.4% |
| Recurring financial income | 75 | €13,808 | €14,558 | +€751 | +5.4% |
| Financial charges | 65/66B | €296 | €183 | -€113 | -38.1% |
| Recurring financial charges | 65 | €296 | €183 | -€113 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €141,037 | €54,837 | -€86,200 | -61.1% |
| Income taxes | 67/77 | €40,534 | €17,579 | -€22,955 | -56.6% |
| Profit (loss) for the period | 9904 | €100,503 | €37,258 | -€63,245 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,503 | €37,258 | -€63,245 | -62.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.