JD: 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.
JD
Largest movements
- Tangible fixed assets -€39,794
down €39,794 (-7.5%), from €527,338 to €487,545
of which Furniture and vehicles: -€25,613
- Cash -€32,098
down €32,098 (-75.3%), from €42,612 to €10,514
mainly Debts after one year (-€78,695) and Contributions, distributions and other (-€17,335)
- Debts after one year -€78,695
down €78,695 (-79.3%), from €99,246 to €20,551
- Reserves +€15,979
up €15,979 (+9.6%), from €165,786 to €181,766
- Revaluation surpluses -€13,800
down €13,800 (-3.3%), from €417,526 to €403,726
- Tax, wage and social debts -€13,224
down €13,224 (-56.8%), from €23,288 to €10,064
of which Taxes: -€18,636
- Trade debts +€9,637
up €9,637 (+169967.7%), from €6 to €9,643
- Gross operating margin -€28,422
down €28,422 (-18.8%), from €151,303 to €122,881
- Taxes -€12,904
down €12,904 (-52.4%), from €24,634 to €11,730
- Staff costs +€8,373
up €8,373 (+22.3%), from €37,546 to €45,919
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €584,476 | €512,199 | -€72,277 | -12.4% |
| Fixed assets | 21/28 | €527,488 | €487,695 | -€39,794 | -7.5% |
| Tangible fixed assets | 22/27 | €527,338 | €487,545 | -€39,794 | -7.5% |
| Land and buildings | 22 | €437,139 | €422,852 | -€14,288 | -3.3% |
| Plant, machinery and equipment | 23 | €892 | €1,687 | +€796 | +89.2% |
| Furniture and vehicles | 24 | €86,571 | €60,958 | -€25,613 | -29.6% |
| Other tangible fixed assets | 26 | €2,736 | €2,047 | -€689 | -25.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €56,988 | €24,505 | -€32,483 | -57.0% |
| Stocks and contracts in progress | 3 | €7,710 | €7,855 | +€145 | +1.9% |
| Stocks | 30/36 | €7,710 | €7,855 | +€145 | +1.9% |
| Amounts receivable within one year | 40/41 | €3,795 | €5,085 | +€1,291 | +34.0% |
| Other amounts receivable | 41 | €3,795 | €5,085 | +€1,291 | +34.0% |
| Cash at bank and in hand | 54/58 | €42,612 | €10,514 | -€32,098 | -75.3% |
| Deferred charges and accrued income | 490/1 | €2,871 | €1,050 | -€1,821 | -63.4% |
| Total equity and liabilities | 10/49 | €584,476 | €512,199 | -€72,277 | -12.4% |
| Equity | 10/15 | €399,239 | €401,419 | +€2,179 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €417,526 | €403,726 | -€13,800 | -3.3% |
| Reserves | 13 | €165,786 | €181,766 | +€15,979 | +9.6% |
| Distributable reserves | 133 | €165,786 | €181,766 | +€15,979 | +9.6% |
| Profit (loss) carried forward | 14 | -€204,073 | -€204,073 | = | 0.0% |
| Amounts payable | 17/49 | €185,237 | €110,781 | -€74,456 | -40.2% |
| Amounts payable after more than one year | 17 | €99,246 | €20,551 | -€78,695 | -79.3% |
| Financial debts | 170/4 | €99,246 | €20,551 | -€78,695 | -79.3% |
| Amounts payable within one year | 42/48 | €84,919 | €90,230 | +€5,311 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €58,772 | €59,620 | +€848 | +1.4% |
| Trade debts | 44 | €6 | €9,643 | +€9,637 | +169967.7% |
| Suppliers | 440/4 | €6 | €9,643 | +€9,637 | +169967.7% |
| Taxes, remuneration and social security | 45 | €23,288 | €10,064 | -€13,224 | -56.8% |
| Taxes | 450/3 | €20,880 | €2,244 | -€18,636 | -89.3% |
| Remuneration and social security | 454/9 | €2,408 | €7,820 | +€5,412 | +224.8% |
| Other amounts payable | 47/48 | €2,853 | €10,903 | +€8,050 | +282.2% |
| Accrued charges and deferred income | 492/3 | €1,072 | €0 | -€1,072 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €37,546 | €45,919 | +€8,373 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,683 | €41,093 | +€409 | +1.0% |
| Other operating charges | 640/8 | €2,777 | €2,391 | -€386 | -13.9% |
| Gross operating margin | 9900 | €151,303 | €122,881 | -€28,422 | -18.8% |
| Operating profit (loss) | 9901 | €70,297 | €33,478 | -€36,819 | -52.4% |
| Financial income | 75/76B | €1,761 | €1,903 | +€141 | +8.0% |
| Recurring financial income | 75 | €1,761 | €1,903 | +€141 | +8.0% |
| Financial charges | 65/66B | €5,646 | €4,136 | -€1,509 | -26.7% |
| Recurring financial charges | 65 | €5,646 | €4,136 | -€1,509 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €66,412 | €31,244 | -€35,168 | -53.0% |
| Income taxes | 67/77 | €24,634 | €11,730 | -€12,904 | -52.4% |
| Profit (loss) for the period | 9904 | €41,778 | €19,514 | -€22,264 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,778 | €19,514 | -€22,264 | -53.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.