JAY DRIVE: 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 DRIVE
Largest movements
- Receivables within one year +€23,747
up €23,747 (+262%), from €9,073 to €32,820
of which Trade receivables: +€12,142
- Cash -€17,564
down €17,564 (-75.1%), from €23,398 to €5,833
mainly Debts after one year (-€28,755) and Receivables within one year (-€23,747)
- Tangible fixed assets -€6,159
down €6,159 (-9.0%), from €68,554 to €62,395
of which Leasing and similar rights: -€7,924
- Debts after one year -€28,755
down €28,755 (-23.8%), from €120,923 to €92,168
- Trade debts +€22,786
up €22,786 (+198%), from €11,499 to €34,285
of which Suppliers: +€18,699
- Profit (loss) carried forward +€3,458
up €3,458 (+8.9%), from €38,924 to €42,382
- Tax, wage and social debts -€2,593
down €2,593 (-32.4%), from €8,003 to €5,409
of which Taxes: -€2,210
- Depreciation +€10,129
up €10,129 (+173%), from €5,846 to €15,975
- Staff costs +€3,966
up €3,966 (+12.6%), from €31,446 to €35,412
- Other operating charges +€2,536
up €2,536 (+153%), from €1,658 to €4,194
- Taxes -€2,064
down €2,064 (-41.7%), from €4,947 to €2,883
- Gross operating margin -€1,538
down €1,538 (-2.2%), from €68,960 to €67,423
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 | €212,547 | €211,223 | -€1,324 | -0.6% |
| Fixed assets | 21/28 | €178,554 | €172,395 | -€6,159 | -3.4% |
| Tangible fixed assets | 22/27 | €68,554 | €62,395 | -€6,159 | -9.0% |
| Land and buildings | 22 | - | €744 | +€744 | |
| Plant, machinery and equipment | 23 | €814 | €8,273 | +€7,459 | +917% |
| Furniture and vehicles | 24 | €28,902 | €22,463 | -€6,439 | -22.3% |
| Leasing and similar rights | 25 | €38,839 | €30,915 | -€7,924 | -20.4% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €33,993 | €38,828 | +€4,835 | +14.2% |
| Amounts receivable within one year | 40/41 | €9,073 | €32,820 | +€23,747 | +262% |
| Trade receivables | 40 | €9,033 | €21,176 | +€12,142 | +134% |
| Other amounts receivable | 41 | €40 | €11,645 | +€11,605 | +29,041% |
| Cash at bank and in hand | 54/58 | €23,398 | €5,833 | -€17,564 | -75.1% |
| Deferred charges and accrued income | 490/1 | €1,522 | €174 | -€1,348 | -88.6% |
| Total equity and liabilities | 10/49 | €212,547 | €211,223 | -€1,324 | -0.6% |
| Equity | 10/15 | €41,424 | €44,882 | +€3,458 | +8.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,924 | €42,382 | +€3,458 | +8.9% |
| Amounts payable | 17/49 | €171,123 | €166,340 | -€4,783 | -2.8% |
| Amounts payable after more than one year | 17 | €120,923 | €92,168 | -€28,755 | -23.8% |
| Financial debts | 170/4 | €120,923 | €92,168 | -€28,755 | -23.8% |
| Amounts payable within one year | 42/48 | €48,704 | €71,346 | +€22,643 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €27,088 | €28,873 | +€1,785 | +6.6% |
| Trade debts | 44 | €11,499 | €34,285 | +€22,786 | +198% |
| Suppliers | 440/4 | €11,499 | €30,197 | +€18,699 | +163% |
| Bills of exchange payable | 441 | - | €4,087 | +€4,087 | |
| Taxes, remuneration and social security | 45 | €8,003 | €5,409 | -€2,593 | -32.4% |
| Taxes | 450/3 | €3,695 | €1,485 | -€2,210 | -59.8% |
| Remuneration and social security | 454/9 | €4,308 | €3,925 | -€384 | -8.9% |
| Other amounts payable | 47/48 | €2,114 | €2,779 | +€665 | +31.5% |
| Accrued charges and deferred income | 492/3 | €1,496 | €2,826 | +€1,330 | +88.9% |
| Remuneration, social security and pensions | 62 | €31,446 | €35,412 | +€3,966 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,846 | €15,975 | +€10,129 | +173% |
| Other operating charges | 640/8 | €1,658 | €4,194 | +€2,536 | +153% |
| Gross operating margin | 9900 | €68,960 | €67,423 | -€1,538 | -2.2% |
| Operating profit (loss) | 9901 | €30,011 | €11,842 | -€18,168 | -60.5% |
| Financial income | 75/76B | €15 | €63 | +€48 | +311% |
| Recurring financial income | 75 | €15 | €63 | +€48 | +311% |
| Financial charges | 65/66B | €6,926 | €5,564 | -€1,362 | -19.7% |
| Recurring financial charges | 65 | €6,926 | €5,564 | -€1,362 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €23,100 | €6,342 | -€16,759 | -72.5% |
| Income taxes | 67/77 | €4,947 | €2,883 | -€2,064 | -41.7% |
| Profit (loss) for the period | 9904 | €18,153 | €3,458 | -€14,695 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,153 | €3,458 | -€14,695 | -80.9% |
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 15 October 2026 via checked.be.