JD'C INNOVATION: 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.
JD'C INNOVATION
Largest movements
- Receivables within one year -€2.1m
down €2.1m (-84.0%), from €2.5m to €403,633
of which Trade receivables: -€1.7m
- Intangible fixed assets -€986,188
down €986,188 (-66.1%), from €1.5m to €505,534
- Cash +€888,583
up €888,583 (+394%), from €225,812 to €1.1m
mainly Receivables within one year (+€2.1m) and Depreciation (+€1.2m)
- Tangible fixed assets -€158,903
down €158,903 (-92.9%), from €171,049 to €12,146
of which Assets under construction and advance payments: -€140,914
- Contributions -€693,913
down €693,913 (-69.8%), from €993,913 to €300,000
- Trade debts -€667,716
down €667,716 (-97.3%), from €686,424 to €18,709
- Investment grants -€650,189
down €650,189 (-68.9%), from €944,124 to €293,935
- Accrued charges and deferred income -€380,826
no longer reported in 2025 (was €380,826)
- Reserves +€305,587
up €305,587 (+36.6%), from €834,707 to €1.1m
of which Distributable reserves: +€305,587
- Gross operating margin -€1.5m
down €1.5m (-65.3%), from €2.3m to €797,289
- Depreciation -€290,896
down €290,896 (-19.9%), from €1.5m to €1.2m
- Staff costs -€220,054
down €220,054 (-97.1%), from €226,523 to €6,470
- Financial income -€195,270
down €195,270 (-22.3%), from €874,490 to €679,220
- Provisions -€149,642
down €149,642, from €89,054 to -€60,588
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 | €4,416,349 | €2,045,002 | -€2.4m | -53.7% |
| Fixed assets | 21/28 | €1,662,770 | €517,680 | -€1.1m | -68.9% |
| Intangible fixed assets | 21 | €1,491,721 | €505,534 | -€986,188 | -66.1% |
| Tangible fixed assets | 22/27 | €171,049 | €12,146 | -€158,903 | -92.9% |
| Plant, machinery and equipment | 23 | €30,135 | €12,146 | -€17,989 | -59.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €140,914 | - | -€140,914 | |
| Current assets | 29/58 | €2,753,579 | €1,527,323 | -€1.2m | -44.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,527,767 | €403,633 | -€2.1m | -84.0% |
| Trade receivables | 40 | €1,762,449 | €43,934 | -€1.7m | -97.5% |
| Other amounts receivable | 41 | €765,317 | €359,699 | -€405,618 | -53.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €225,812 | €1,114,395 | +€888,583 | +394% |
| Deferred charges and accrued income | 490/1 | €0 | €9,295 | +€9,295 | |
| Total equity and liabilities | 10/49 | €4,416,349 | €2,045,002 | -€2.4m | -53.7% |
| Equity | 10/15 | €2,772,744 | €1,734,229 | -€1.0m | -37.5% |
| Contributions | 10/11 | €993,913 | €300,000 | -€693,913 | -69.8% |
| Reserves | 13 | €834,707 | €1,140,294 | +€305,587 | +36.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Distributable reserves | 133 | €834,707 | €1,140,294 | +€305,587 | +36.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €944,124 | €293,935 | -€650,189 | -68.9% |
| Provisions and deferred taxes | 16 | €166,167 | €105,578 | -€60,588 | -36.5% |
| Provisions for liabilities and charges | 160/5 | €166,167 | €105,578 | -€60,588 | -36.5% |
| Other liabilities and charges | 164/5 | €166,167 | €105,578 | -€60,588 | -36.5% |
| Amounts payable | 17/49 | €1,477,438 | €205,195 | -€1.3m | -86.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,096,612 | €205,195 | -€891,418 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | - | -€100,000 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €686,424 | €18,709 | -€667,716 | -97.3% |
| Suppliers | 440/4 | €686,424 | €18,709 | -€667,716 | -97.3% |
| Advances received on contracts in progress | 46 | €91,095 | €86,000 | -€5,095 | -5.6% |
| Taxes, remuneration and social security | 45 | €96,474 | €34,804 | -€61,670 | -63.9% |
| Taxes | 450/3 | €86,014 | €34,804 | -€51,210 | -59.5% |
| Remuneration and social security | 454/9 | €10,460 | - | -€10,460 | |
| Other amounts payable | 47/48 | €122,619 | €65,682 | -€56,937 | -46.4% |
| Accrued charges and deferred income | 492/3 | €380,826 | - | -€380,826 | |
| Non-recurring operating income | 76A | €241,348 | €284,106 | +€42,758 | +17.7% |
| Remuneration, social security and pensions | 62 | €226,523 | €6,470 | -€220,054 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,458,223 | €1,167,327 | -€290,896 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,835 | €8,907 | -€23,928 | -72.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €89,054 | -€60,588 | -€149,642 | |
| Other operating charges | 640/8 | €1,332 | €5,163 | +€3,831 | +288% |
| Non-recurring operating charges | 66A | €7,723 | - | -€7,723 | |
| Gross operating margin | 9900 | €2,294,679 | €797,289 | -€1.5m | -65.3% |
| Operating profit (loss) | 9901 | €478,990 | -€329,989 | -€808,978 | |
| Financial income | 75/76B | €874,490 | €679,220 | -€195,270 | -22.3% |
| Recurring financial income | 75 | €874,490 | €679,220 | -€195,270 | -22.3% |
| Financial charges | 65/66B | €81,090 | €1,252 | -€79,838 | -98.5% |
| Recurring financial charges | 65 | €81,090 | €1,252 | -€79,838 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €1,272,390 | €347,979 | -€924,410 | -72.7% |
| Income taxes | 67/77 | €77,566 | €24,392 | -€53,174 | -68.6% |
| Profit (loss) for the period | 9904 | €1,194,823 | €323,587 | -€871,236 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,194,823 | €323,587 | -€871,236 | -72.9% |
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 28 October 2026 via checked.be.