J.J.D.: 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.J.D.
Largest movements
- Tangible fixed assets -€22,833
down €22,833 (-30.7%), from €74,347 to €51,514
of which Furniture and vehicles: -€13,683
- Cash -€16,683
down €16,683 (-83.7%), from €19,929 to €3,245
mainly Accrued charges and deferred income (-€24,059) and Tax, wage and social debts (-€19,047)
- Receivables within one year -€15,416
down €15,416 (-89.1%), from €17,309 to €1,894
of which Trade receivables: -€7,976
- Stocks and contracts -€13,436
down €13,436 (-35.2%), from €38,126 to €24,690
- Accrued charges and deferred income -€24,059
down €24,059 (-88.8%), from €27,099 to €3,040
- Tax, wage and social debts -€19,047
down €19,047 (-51.0%), from €37,376 to €18,329
of which Remuneration and social security: -€10,219
- Trade debts -€15,765
down €15,765 (-19.8%), from €79,562 to €63,797
- Other debts +€13,252
up €13,252 (+45.3%), from €29,230 to €42,482
- Debts after one year -€9,699
down €9,699 (-25.7%), from €37,702 to €28,004
- Gross operating margin -€267,210
down €267,210 (-60.7%), from €440,385 to €173,174
- Staff costs -€230,893
down €230,893 (-60.3%), from €382,925 to €152,032
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 | €156,210 | €88,191 | -€68,019 | -43.5% |
| Fixed assets | 21/28 | €74,977 | €52,144 | -€22,833 | -30.5% |
| Tangible fixed assets | 22/27 | €74,347 | €51,514 | -€22,833 | -30.7% |
| Plant, machinery and equipment | 23 | €11,879 | €2,728 | -€9,151 | -77.0% |
| Furniture and vehicles | 24 | €62,468 | €48,786 | -€13,683 | -21.9% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €81,233 | €36,047 | -€45,186 | -55.6% |
| Stocks and contracts in progress | 3 | €38,126 | €24,690 | -€13,436 | -35.2% |
| Stocks | 30/36 | €38,126 | €24,690 | -€13,436 | -35.2% |
| Amounts receivable within one year | 40/41 | €17,309 | €1,894 | -€15,416 | -89.1% |
| Trade receivables | 40 | €9,725 | €1,749 | -€7,976 | -82.0% |
| Other amounts receivable | 41 | €7,584 | €144 | -€7,440 | -98.1% |
| Cash at bank and in hand | 54/58 | €19,929 | €3,245 | -€16,683 | -83.7% |
| Deferred charges and accrued income | 490/1 | €5,868 | €6,218 | +€349 | +6.0% |
| Total equity and liabilities | 10/49 | €156,210 | €88,191 | -€68,019 | -43.5% |
| Equity | 10/15 | -€81,135 | -€90,397 | -€9,262 | -11.4% |
| Contributions | 10/11 | €156,197 | €156,197 | = | 0.0% |
| Reserves | 13 | €117,273 | €117,273 | = | 0.0% |
| Distributable reserves | 133 | €117,273 | €117,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,605 | -€363,867 | -€9,262 | -2.6% |
| Amounts payable | 17/49 | €237,345 | €178,588 | -€58,757 | -24.8% |
| Amounts payable after more than one year | 17 | €37,702 | €28,004 | -€9,699 | -25.7% |
| Financial debts | 170/4 | €37,702 | €28,004 | -€9,699 | -25.7% |
| Amounts payable within one year | 42/48 | €172,544 | €147,545 | -€24,999 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €10,984 | €11,767 | +€782 | +7.1% |
| Financial debts | 43 | €15,392 | €11,170 | -€4,222 | -27.4% |
| Credit institutions | 430/8 | €15,392 | €11,170 | -€4,222 | -27.4% |
| Trade debts | 44 | €79,562 | €63,797 | -€15,765 | -19.8% |
| Suppliers | 440/4 | €79,562 | €63,797 | -€15,765 | -19.8% |
| Taxes, remuneration and social security | 45 | €37,376 | €18,329 | -€19,047 | -51.0% |
| Taxes | 450/3 | €15,250 | €6,421 | -€8,828 | -57.9% |
| Remuneration and social security | 454/9 | €22,126 | €11,907 | -€10,219 | -46.2% |
| Other amounts payable | 47/48 | €29,230 | €42,482 | +€13,252 | +45.3% |
| Accrued charges and deferred income | 492/3 | €27,099 | €3,040 | -€24,059 | -88.8% |
| Non-recurring operating income | 76A | €44,468 | €0 | -€44,468 | -100% |
| Remuneration, social security and pensions | 62 | €382,925 | €152,032 | -€230,893 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,580 | €15,005 | +€1,425 | +10.5% |
| Other operating charges | 640/8 | €2,681 | €1,905 | -€776 | -28.9% |
| Non-recurring operating charges | 66A | €1,397 | €7,828 | +€6,431 | +460% |
| Gross operating margin | 9900 | €440,385 | €173,174 | -€267,210 | -60.7% |
| Operating profit (loss) | 9901 | €39,801 | -€3,596 | -€43,397 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.8% |
| Financial charges | 65/66B | €4,448 | €5,289 | +€841 | +18.9% |
| Recurring financial charges | 65 | €4,448 | €5,289 | +€841 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €35,357 | -€8,884 | -€44,241 | |
| Income taxes | 67/77 | €3,537 | €378 | -€3,159 | -89.3% |
| Profit (loss) for the period | 9904 | €31,820 | -€9,262 | -€41,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,820 | -€9,262 | -€41,082 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.