JD Competition: 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 Competition
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+222.2%), from €1.1m to €3.4m
- Cash +€36,546
up €36,546 (+25.1%), from €145,635 to €182,180
mainly Debts after one year (+€1.7m) and Other debts (+€638,844)
- Debts after one year +€1.7m
up €1.7m (+196.9%), from €887,741 to €2.6m
- Other debts +€638,844
up €638,844 (+207.1%), from €308,399 to €947,243
- Current portion of long-term debt +€92,015
up €92,015 (+115.2%), from €79,887 to €171,902
- Profit (loss) carried forward -€61,206
down €61,206 (-44.1%), from -€138,894 to -€200,099
- Depreciation +€148,331
up €148,331 (+519.5%), from €28,552 to €176,884
- Taxes -€23,881
down €23,881 (-100.0%), from €23,881 to €0
- Gross operating margin -€15,023
down €15,023 (-9.0%), from €166,434 to €151,411
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 | €1,243,631 | €3,635,280 | +€2.4m | +192.3% |
| Fixed assets | 21/28 | €1,065,106 | €3,432,223 | +€2.4m | +222.2% |
| Tangible fixed assets | 22/27 | €1,065,106 | €3,432,223 | +€2.4m | +222.2% |
| Land and buildings | 22 | €1,065,106 | €3,432,223 | +€2.4m | +222.2% |
| Current assets | 29/58 | €178,525 | €203,058 | +€24,533 | +13.7% |
| Amounts receivable within one year | 40/41 | €31,960 | €20,663 | -€11,297 | -35.3% |
| Trade receivables | 40 | €11,960 | €355 | -€11,606 | -97.0% |
| Other amounts receivable | 41 | €20,000 | €20,308 | +€308 | +1.5% |
| Cash at bank and in hand | 54/58 | €145,635 | €182,180 | +€36,546 | +25.1% |
| Deferred charges and accrued income | 490/1 | €929 | €214 | -€715 | -77.0% |
| Total equity and liabilities | 10/49 | €1,243,631 | €3,635,280 | +€2.4m | +192.3% |
| Equity | 10/15 | -€77,394 | -€138,599 | -€61,206 | -79.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,894 | -€200,099 | -€61,206 | -44.1% |
| Amounts payable | 17/49 | €1,321,025 | €3,773,880 | +€2.5m | +185.7% |
| Amounts payable after more than one year | 17 | €887,741 | €2,635,839 | +€1.7m | +196.9% |
| Financial debts | 170/4 | €887,741 | €2,635,839 | +€1.7m | +196.9% |
| Amounts payable within one year | 42/48 | €417,481 | €1,121,653 | +€704,173 | +168.7% |
| Current portion of amounts payable after more than one year | 42 | €79,887 | €171,902 | +€92,015 | +115.2% |
| Trade debts | 44 | €5,519 | €1,531 | -€3,989 | -72.3% |
| Suppliers | 440/4 | €5,519 | €1,531 | -€3,989 | -72.3% |
| Taxes, remuneration and social security | 45 | €23,675 | €978 | -€22,697 | -95.9% |
| Taxes | 450/3 | €23,675 | €978 | -€22,697 | -95.9% |
| Other amounts payable | 47/48 | €308,399 | €947,243 | +€638,844 | +207.1% |
| Accrued charges and deferred income | 492/3 | €15,803 | €16,387 | +€584 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,552 | €176,884 | +€148,331 | +519.5% |
| Other operating charges | 640/8 | €15,709 | €16,202 | +€493 | +3.1% |
| Gross operating margin | 9900 | €166,434 | €151,411 | -€15,023 | -9.0% |
| Operating profit (loss) | 9901 | €122,172 | -€41,675 | -€163,848 | |
| Financial income | 75/76B | €686 | €1,027 | +€341 | +49.7% |
| Recurring financial income | 75 | €686 | €1,027 | +€341 | +49.7% |
| Financial charges | 65/66B | €20,065 | €20,558 | +€493 | +2.5% |
| Recurring financial charges | 65 | €20,065 | €20,558 | +€493 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €102,794 | -€61,206 | -€164,000 | |
| Income taxes | 67/77 | €23,881 | €0 | -€23,881 | -100.0% |
| Profit (loss) for the period | 9904 | €78,913 | -€61,206 | -€140,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,913 | -€61,206 | -€140,119 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.