JAY DIMON: 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.
JAY DIMON
Largest movements
- Receivables within one year -€76,334
down €76,334 (-28.4%), from €268,799 to €192,465
of which Trade receivables: -€74,300
- Stocks and contracts +€50,870
up €50,870 (+1.2%), from €4.2m to €4.3m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€83,376
up €83,376 (+88.7%), from -€93,970 to -€10,595
- Financial charges +€16,730
up €16,730 (+134%), from €12,495 to €29,225
- Taxes -€10,839
no longer reported in 2025 (was €10,839)
- Financial income -€4,027
down €4,027 (-13.3%), from €30,264 to €26,237
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 | €4,770,337 | €4,701,158 | -€69,179 | -1.5% |
| Fixed assets | 21/28 | €220,393 | €212,903 | -€7,490 | -3.4% |
| Tangible fixed assets | 22/27 | €217,792 | €210,302 | -€7,490 | -3.4% |
| Land and buildings | 22 | €217,792 | €210,302 | -€7,490 | -3.4% |
| Financial fixed assets | 28 | €2,601 | €2,601 | = | 0.0% |
| Current assets | 29/58 | €4,549,944 | €4,488,256 | -€61,688 | -1.4% |
| Stocks and contracts in progress | 3 | €4,237,706 | €4,288,576 | +€50,870 | +1.2% |
| Stocks | 30/36 | €4,237,706 | €4,288,576 | +€50,870 | +1.2% |
| Amounts receivable within one year | 40/41 | €268,799 | €192,465 | -€76,334 | -28.4% |
| Trade receivables | 40 | €264,929 | €190,628 | -€74,300 | -28.0% |
| Other amounts receivable | 41 | €3,871 | €1,837 | -€2,034 | -52.5% |
| Cash at bank and in hand | 54/58 | €43,438 | €7,214 | -€36,224 | -83.4% |
| Total equity and liabilities | 10/49 | €4,770,337 | €4,701,158 | -€69,179 | -1.5% |
| Equity | 10/15 | €1,973,574 | €1,949,432 | -€24,141 | -1.2% |
| Contributions | 10/11 | €1,750,000 | €1,750,000 | = | 0.0% |
| Reserves | 13 | €223,574 | €199,432 | -€24,141 | -10.8% |
| Non-distributable reserves | 130/1 | €19,730 | €19,730 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,730 | €19,730 | = | 0.0% |
| Distributable reserves | 133 | €203,844 | €179,702 | -€24,141 | -11.8% |
| Amounts payable | 17/49 | €2,796,763 | €2,751,726 | -€45,037 | -1.6% |
| Amounts payable within one year | 42/48 | €2,796,763 | €2,751,726 | -€45,037 | -1.6% |
| Trade debts | 44 | €654,923 | €629,451 | -€25,472 | -3.9% |
| Suppliers | 440/4 | €654,923 | €629,451 | -€25,472 | -3.9% |
| Advances received on contracts in progress | 46 | €1,925,980 | €1,925,980 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,565 | - | -€19,565 | |
| Taxes | 450/3 | €19,565 | - | -€19,565 | |
| Other amounts payable | 47/48 | €196,295 | €196,295 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,490 | €7,490 | = | 0.0% |
| Other operating charges | 640/8 | €3,453 | €3,068 | -€385 | -11.1% |
| Gross operating margin | 9900 | -€93,970 | -€10,595 | +€83,376 | +88.7% |
| Operating profit (loss) | 9901 | -€104,913 | -€21,153 | +€83,760 | +79.8% |
| Financial income | 75/76B | €30,264 | €26,237 | -€4,027 | -13.3% |
| Recurring financial income | 75 | €30,264 | €26,237 | -€4,027 | -13.3% |
| Financial charges | 65/66B | €12,495 | €29,225 | +€16,730 | +134% |
| Recurring financial charges | 65 | €12,495 | €29,225 | +€16,730 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€87,145 | -€24,141 | +€63,003 | +72.3% |
| Income taxes | 67/77 | €10,839 | - | -€10,839 | |
| Profit (loss) for the period | 9904 | -€97,984 | -€24,141 | +€73,842 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,984 | -€24,141 | +€73,842 | +75.4% |
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 19 October 2026 via checked.be.