JD Dynamic: 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 Dynamic
Largest movements
- Cash -€20,418
down €20,418 (-21.5%), from €94,870 to €74,452
mainly Investment in fixed assets (net) (-€55,799) and Other debts (-€23,401)
- Tangible fixed assets +€6,956
up €6,956 (+2.8%), from €248,045 to €255,002
of which Land and buildings: +€98,003
- Other debts -€23,401
down €23,401 (-54.9%), from €42,661 to €19,259
- Current portion of long-term debt +€7,916
up €7,916 (+54.8%), from €14,450 to €22,366
- Tax, wage and social debts -€7,032
down €7,032 (-56.6%), from €12,424 to €5,393
- Debts after one year +€4,473
up €4,473 (+3.5%), from €126,474 to €130,947
- Gross operating margin -€19,007
down €19,007 (-18.5%), from €102,839 to €83,833
- Write-downs +€16,021
up €16,021 (+860%), from €1,864 to €17,885
- Depreciation +€10,393
up €10,393 (+27.0%), from €38,449 to €48,842
- Taxes -€6,499
down €6,499 (-69.5%), from €9,346 to €2,847
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 | €379,530 | €364,451 | -€15,079 | -4.0% |
| Fixed assets | 21/28 | €248,045 | €255,002 | +€6,956 | +2.8% |
| Tangible fixed assets | 22/27 | €248,045 | €255,002 | +€6,956 | +2.8% |
| Land and buildings | 22 | €30,497 | €128,500 | +€98,003 | +321% |
| Plant, machinery and equipment | 23 | €12,294 | €11,728 | -€566 | -4.6% |
| Furniture and vehicles | 24 | €201 | €0 | -€201 | -100% |
| Leasing and similar rights | 25 | - | €35,138 | +€35,138 | |
| Other tangible fixed assets | 26 | €205,054 | €79,636 | -€125,418 | -61.2% |
| Current assets | 29/58 | €131,485 | €109,450 | -€22,035 | -16.8% |
| Amounts receivable within one year | 40/41 | €35,412 | €32,391 | -€3,021 | -8.5% |
| Trade receivables | 40 | €35,412 | €32,391 | -€3,021 | -8.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €94,870 | €74,452 | -€20,418 | -21.5% |
| Deferred charges and accrued income | 490/1 | €1,203 | €2,607 | +€1,404 | +117% |
| Total equity and liabilities | 10/49 | €379,530 | €364,451 | -€15,079 | -4.0% |
| Equity | 10/15 | €154,775 | €156,776 | +€2,000 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €136,172 | €138,173 | +€2,000 | +1.5% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €8,900 | €8,900 | = | 0.0% |
| Distributable reserves | 133 | €125,413 | €129,273 | +€3,860 | +3.1% |
| Profit (loss) carried forward | 14 | €11 | €11 | = | 0.0% |
| Amounts payable | 17/49 | €224,755 | €207,676 | -€17,079 | -7.6% |
| Amounts payable after more than one year | 17 | €126,474 | €130,947 | +€4,473 | +3.5% |
| Financial debts | 170/4 | €126,474 | €130,947 | +€4,473 | +3.5% |
| Amounts payable within one year | 42/48 | €71,276 | €51,258 | -€20,018 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €14,450 | €22,366 | +€7,916 | +54.8% |
| Trade debts | 44 | €1,742 | €4,241 | +€2,499 | +143% |
| Suppliers | 440/4 | €1,742 | €4,241 | +€2,499 | +143% |
| Taxes, remuneration and social security | 45 | €12,424 | €5,393 | -€7,032 | -56.6% |
| Taxes | 450/3 | €12,424 | €5,393 | -€7,032 | -56.6% |
| Other amounts payable | 47/48 | €42,661 | €19,259 | -€23,401 | -54.9% |
| Accrued charges and deferred income | 492/3 | €27,005 | €25,471 | -€1,534 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,449 | €48,842 | +€10,393 | +27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,864 | €17,885 | +€16,021 | +860% |
| Other operating charges | 640/8 | €2,179 | €2,548 | +€368 | +16.9% |
| Gross operating margin | 9900 | €102,839 | €83,833 | -€19,007 | -18.5% |
| Operating profit (loss) | 9901 | €60,347 | €14,558 | -€45,789 | -75.9% |
| Financial income | 75/76B | €962 | €0 | -€962 | -100% |
| Recurring financial income | 75 | €962 | €0 | -€962 | -100% |
| Financial charges | 65/66B | €2,698 | €3,710 | +€1,012 | +37.5% |
| Recurring financial charges | 65 | €2,698 | €3,710 | +€1,012 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €58,610 | €10,847 | -€47,763 | -81.5% |
| Income taxes | 67/77 | €9,346 | €2,847 | -€6,499 | -69.5% |
| Profit (loss) for the period | 9904 | €49,264 | €8,000 | -€41,264 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,264 | €8,000 | -€41,264 | -83.8% |
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 17 October 2026 via checked.be.