JD. MAC: 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. MAC
Largest movements
- Receivables within one year +€19,279
up €19,279 (+13.6%), from €142,258 to €161,537
of which Other amounts receivable: +€40,049
- Tangible fixed assets +€16,490
up €16,490 (+67.5%), from €24,437 to €40,926
of which Plant, machinery and equipment: +€18,466
- Cash -€5,767
down €5,767 (-10.9%), from €52,823 to €47,057
mainly Investment in fixed assets (net) (-€19,491) and Receivables within one year (-€19,279)
- Reserves +€69,770
up €69,770 (+23.9%), from €291,860 to €361,630
of which Distributable reserves: +€69,770
- Profit (loss) carried forward -€60,820
no longer reported in 2024 (was €60,820)
- Debts after one year +€17,047
new in 2024: €17,047
- Gross operating margin -€74,956
down €74,956 (-43.0%), from €174,155 to €99,199
- Taxes -€22,310
down €22,310 (-80.4%), from €27,758 to €5,448
- Staff costs -€17,845
down €17,845 (-17.4%), from €102,768 to €84,923
- Other operating charges +€8,241
up €8,241 (+1218.8%), from €676 to €8,917
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 | €501,357 | €531,820 | +€30,463 | +6.1% |
| Fixed assets | 21/28 | €25,110 | €41,600 | +€16,490 | +65.7% |
| Tangible fixed assets | 22/27 | €24,437 | €40,926 | +€16,490 | +67.5% |
| Land and buildings | 22 | €21,739 | €19,763 | -€1,976 | -9.1% |
| Plant, machinery and equipment | 23 | €2,698 | €21,164 | +€18,466 | +684.5% |
| Financial fixed assets | 28 | €674 | €674 | = | 0.0% |
| Current assets | 29/58 | €476,246 | €490,219 | +€13,973 | +2.9% |
| Amounts receivable after more than one year | 29 | €280,000 | €280,000 | = | 0.0% |
| Other amounts receivable | 291 | €280,000 | €280,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €142,258 | €161,537 | +€19,279 | +13.6% |
| Trade receivables | 40 | €96,785 | €76,015 | -€20,770 | -21.5% |
| Other amounts receivable | 41 | €45,473 | €85,522 | +€40,049 | +88.1% |
| Cash at bank and in hand | 54/58 | €52,823 | €47,057 | -€5,767 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,625 | +€461 | +39.6% |
| Total equity and liabilities | 10/49 | €501,357 | €531,820 | +€30,463 | +6.1% |
| Equity | 10/15 | €358,880 | €367,830 | +€8,949 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,860 | €361,630 | +€69,770 | +23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €290,000 | €359,770 | +€69,770 | +24.1% |
| Profit (loss) carried forward | 14 | €60,820 | - | -€60,820 | |
| Amounts payable | 17/49 | €142,476 | €163,990 | +€21,514 | +15.1% |
| Amounts payable after more than one year | 17 | - | €17,047 | +€17,047 | |
| Financial debts | 170/4 | - | €17,047 | +€17,047 | |
| Amounts payable within one year | 42/48 | €140,976 | €145,388 | +€4,412 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,106 | +€3,106 | |
| Trade debts | 44 | €41,474 | €45,334 | +€3,860 | +9.3% |
| Suppliers | 440/4 | €41,474 | €45,334 | +€3,860 | +9.3% |
| Advances received on contracts in progress | 46 | €18,000 | €18,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €81,502 | €78,948 | -€2,555 | -3.1% |
| Taxes | 450/3 | €70,656 | €52,316 | -€18,341 | -26.0% |
| Remuneration and social security | 454/9 | €10,846 | €26,632 | +€15,786 | +145.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,555 | +€55 | +3.7% |
| Remuneration, social security and pensions | 62 | €102,768 | €84,923 | -€17,845 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €3,001 | +€923 | +44.4% |
| Other operating charges | 640/8 | €676 | €8,917 | +€8,241 | +1218.8% |
| Gross operating margin | 9900 | €174,155 | €99,199 | -€74,956 | -43.0% |
| Operating profit (loss) | 9901 | €68,632 | €2,358 | -€66,275 | -96.6% |
| Financial income | 75/76B | €12,946 | €13,691 | +€745 | +5.8% |
| Recurring financial income | 75 | €12,946 | €13,691 | +€745 | +5.8% |
| Financial charges | 65/66B | €682 | €1,652 | +€970 | +142.3% |
| Recurring financial charges | 65 | €682 | €1,652 | +€970 | +142.3% |
| Profit (loss) for the period before taxes | 9903 | €80,897 | €14,397 | -€66,500 | -82.2% |
| Income taxes | 67/77 | €27,758 | €5,448 | -€22,310 | -80.4% |
| Profit (loss) for the period | 9904 | €53,139 | €8,949 | -€44,190 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,139 | €8,949 | -€44,190 | -83.2% |
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 7 October 2026 via checked.be.