JACD: 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.
JACD
Largest movements
- Cash -€59,954
down €59,954 (-16.1%), from €372,013 to €312,059
mainly Contributions, distributions and other (-€187,643) and Other debts (-€91,067)
- Tangible fixed assets -€41,641
down €41,641 (-16.1%), from €257,929 to €216,289
of which Furniture and vehicles: -€33,975
- Receivables within one year -€13,929
down €13,929 (-6.1%), from €229,382 to €215,453
of which Trade receivables: -€23,428
- Other debts -€91,067
down €91,067 (-32.6%), from €279,060 to €187,993
- Debts after one year -€39,243
down €39,243 (-29.6%), from €132,775 to €93,532
- Tax, wage and social debts -€37,652
down €37,652 (-21.1%), from €178,780 to €141,127
of which Taxes: -€23,401
- Current portion of long-term debt +€28,711
up €28,711 (+22.5%), from €127,447 to €156,158
- Trade debts +€24,215
up €24,215 (+19.5%), from €124,438 to €148,653
- Gross operating margin -€246,119
down €246,119 (-16.1%), from €1.5m to €1.3m
- Staff costs -€109,902
down €109,902 (-10.2%), from €1.1m to €971,205
- Taxes -€33,956
down €33,956 (-29.5%), from €115,178 to €81,222
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 | €862,503 | €747,466 | -€115,037 | -13.3% |
| Fixed assets | 21/28 | €258,879 | €217,239 | -€41,641 | -16.1% |
| Tangible fixed assets | 22/27 | €257,929 | €216,289 | -€41,641 | -16.1% |
| Land and buildings | 22 | €173,905 | €166,240 | -€7,666 | -4.4% |
| Furniture and vehicles | 24 | €84,024 | €50,049 | -€33,975 | -40.4% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €603,623 | €530,227 | -€73,396 | -12.2% |
| Amounts receivable within one year | 40/41 | €229,382 | €215,453 | -€13,929 | -6.1% |
| Trade receivables | 40 | €229,382 | €205,954 | -€23,428 | -10.2% |
| Other amounts receivable | 41 | - | €9,499 | +€9,499 | |
| Cash at bank and in hand | 54/58 | €372,013 | €312,059 | -€59,954 | -16.1% |
| Deferred charges and accrued income | 490/1 | €2,228 | €2,715 | +€487 | +21.9% |
| Total equity and liabilities | 10/49 | €862,503 | €747,466 | -€115,037 | -13.3% |
| Equity | 10/15 | €20,003 | €20,003 | +€0 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3 | €3 | +€0 | +1.0% |
| Distributable reserves | 133 | €3 | €3 | +€0 | +1.0% |
| Amounts payable | 17/49 | €842,500 | €727,463 | -€115,037 | -13.7% |
| Amounts payable after more than one year | 17 | €132,775 | €93,532 | -€39,243 | -29.6% |
| Financial debts | 170/4 | €132,775 | €93,532 | -€39,243 | -29.6% |
| Amounts payable within one year | 42/48 | €709,725 | €633,931 | -€75,794 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €127,447 | €156,158 | +€28,711 | +22.5% |
| Trade debts | 44 | €124,438 | €148,653 | +€24,215 | +19.5% |
| Suppliers | 440/4 | €124,438 | €148,653 | +€24,215 | +19.5% |
| Taxes, remuneration and social security | 45 | €178,780 | €141,127 | -€37,652 | -21.1% |
| Taxes | 450/3 | €25,062 | €1,661 | -€23,401 | -93.4% |
| Remuneration and social security | 454/9 | €153,717 | €139,466 | -€14,251 | -9.3% |
| Other amounts payable | 47/48 | €279,060 | €187,993 | -€91,067 | -32.6% |
| Remuneration, social security and pensions | 62 | €1,081,106 | €971,205 | -€109,902 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,696 | €26,536 | -€8,160 | -23.5% |
| Other operating charges | 640/8 | €3,796 | €6,542 | +€2,746 | +72.3% |
| Gross operating margin | 9900 | €1,526,809 | €1,280,691 | -€246,119 | -16.1% |
| Operating profit (loss) | 9901 | €407,211 | €276,408 | -€130,803 | -32.1% |
| Financial income | 75/76B | €657 | €2,412 | +€1,755 | +266.9% |
| Recurring financial income | 75 | €657 | €2,412 | +€1,755 | +266.9% |
| Financial charges | 65/66B | €13,629 | €9,955 | -€3,673 | -27.0% |
| Recurring financial charges | 65 | €13,629 | €9,955 | -€3,673 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €394,240 | €268,865 | -€125,375 | -31.8% |
| Income taxes | 67/77 | €115,178 | €81,222 | -€33,956 | -29.5% |
| Profit (loss) for the period | 9904 | €279,062 | €187,643 | -€91,419 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €279,062 | €187,643 | -€91,419 | -32.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.