J-DEX: 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-DEX
Largest movements
- Cash +€21,995
up €21,995 (+29.2%), from €75,247 to €97,242
mainly Net result for the year (+€64,728) and Other debts (+€58,843)
- Receivables within one year +€21,229
up €21,229 (+69.6%), from €30,491 to €51,721
of which Trade receivables: +€16,315
- Current investments +€9,846
up €9,846 (+59.0%), from €16,680 to €26,527
- Profit (loss) carried forward -€86,223
no longer reported in 2025 (was €86,223)
- Reserves +€64,728
new in 2025: €64,728
- Other debts +€58,843
new in 2025: €58,843
- Tax, wage and social debts +€20,385
up €20,385 (+72.3%), from €28,191 to €48,576
of which Taxes: +€20,385
- Trade debts -€5,744
down €5,744 (-69.1%), from €8,315 to €2,570
- Gross operating margin +€21,392
up €21,392 (+29.7%), from €71,976 to €93,367
- Taxes +€11,029
up €11,029 (+72.3%), from €15,257 to €26,285
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 | €124,728 | €176,718 | +€51,989 | +41.7% |
| Fixed assets | 21/28 | €2,309 | €1,229 | -€1,081 | -46.8% |
| Tangible fixed assets | 22/27 | €2,309 | €1,229 | -€1,081 | -46.8% |
| Furniture and vehicles | 24 | €2,309 | €1,229 | -€1,081 | -46.8% |
| Current assets | 29/58 | €122,419 | €175,489 | +€53,070 | +43.4% |
| Amounts receivable within one year | 40/41 | €30,491 | €51,721 | +€21,229 | +69.6% |
| Trade receivables | 40 | €16,335 | €32,650 | +€16,315 | +99.9% |
| Other amounts receivable | 41 | €14,156 | €19,071 | +€4,914 | +34.7% |
| Current investments | 50/53 | €16,680 | €26,527 | +€9,846 | +59.0% |
| Cash at bank and in hand | 54/58 | €75,247 | €97,242 | +€21,995 | +29.2% |
| Total equity and liabilities | 10/49 | €124,728 | €176,718 | +€51,989 | +41.7% |
| Equity | 10/15 | €88,223 | €66,728 | -€21,495 | -24.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €64,728 | +€64,728 | |
| Distributable reserves | 133 | - | €64,728 | +€64,728 | |
| Profit (loss) carried forward | 14 | €86,223 | - | -€86,223 | |
| Amounts payable | 17/49 | €36,505 | €109,990 | +€73,484 | +201.3% |
| Amounts payable within one year | 42/48 | €36,505 | €109,990 | +€73,484 | +201.3% |
| Trade debts | 44 | €8,315 | €2,570 | -€5,744 | -69.1% |
| Suppliers | 440/4 | €8,315 | €2,570 | -€5,744 | -69.1% |
| Taxes, remuneration and social security | 45 | €28,191 | €48,576 | +€20,385 | +72.3% |
| Taxes | 450/3 | €26,691 | €47,076 | +€20,385 | +76.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €58,843 | +€58,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €1,081 | +€148 | +15.9% |
| Other operating charges | 640/8 | €224 | €501 | +€277 | +123.7% |
| Gross operating margin | 9900 | €71,976 | €93,367 | +€21,392 | +29.7% |
| Operating profit (loss) | 9901 | €70,819 | €91,786 | +€20,967 | +29.6% |
| Financial income | 75/76B | €204 | €838 | +€634 | +309.9% |
| Recurring financial income | 75 | €204 | €358 | +€154 | +75.3% |
| Non-recurring financial income | 76B | €204 | €480 | +€275 | +134.6% |
| Financial charges | 65/66B | €2,503 | €1,611 | -€892 | -35.6% |
| Recurring financial charges | 65 | €2,447 | €1,478 | -€970 | -39.6% |
| Non-recurring financial charges | 66B | €55 | €133 | +€78 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €68,521 | €91,013 | +€22,492 | +32.8% |
| Income taxes | 67/77 | €15,257 | €26,285 | +€11,029 | +72.3% |
| Profit (loss) for the period | 9904 | €53,264 | €64,728 | +€11,464 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,264 | €64,728 | +€11,464 | +21.5% |
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.