JD-PRO: 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-PRO
Largest movements
- Cash +€151,727
up €151,727 (+39.2%), from €386,773 to €538,500
mainly Accrued charges and deferred income (+€159,971) and Net result for the year (+€117,217)
- Stocks and contracts +€135,079
up €135,079 (+559.9%), from €24,125 to €159,204
of which Contracts in progress: +€135,079
- Receivables within one year +€36,899
up €36,899 (+163.9%), from €22,508 to €59,407
of which Trade receivables: +€50,363
- Tangible fixed assets -€25,204
down €25,204 (-6.6%), from €382,475 to €357,271
of which Land and buildings: -€16,390
- Accrued charges and deferred income +€159,971
up €159,971 (+224.7%), from €71,206 to €231,177
- Profit (loss) carried forward +€108,851
up €108,851 (+22.4%), from €486,769 to €595,620
- Trade debts +€42,861
up €42,861 (+1148.0%), from €3,734 to €46,595
- Debts after one year -€21,470
down €21,470 (-9.9%), from €217,151 to €195,682
- Gross operating margin +€64,487
up €64,487 (+48.4%), from €133,198 to €197,685
- Taxes +€15,222
up €15,222 (+85.0%), from €17,910 to €33,131
- Financial income -€3,810
down €3,810 (-42.3%), from €9,008 to €5,199
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 | €821,954 | €1,120,256 | +€298,302 | +36.3% |
| Fixed assets | 21/28 | €382,475 | €357,271 | -€25,204 | -6.6% |
| Tangible fixed assets | 22/27 | €382,475 | €357,271 | -€25,204 | -6.6% |
| Land and buildings | 22 | €311,479 | €295,090 | -€16,390 | -5.3% |
| Plant, machinery and equipment | 23 | €6,560 | €4,281 | -€2,279 | -34.7% |
| Furniture and vehicles | 24 | €10,648 | €17,360 | +€6,712 | +63.0% |
| Leasing and similar rights | 25 | €53,788 | €40,540 | -€13,248 | -24.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €439,478 | €762,985 | +€323,507 | +73.6% |
| Stocks and contracts in progress | 3 | €24,125 | €159,204 | +€135,079 | +559.9% |
| Stocks | 30/36 | €2,834 | €2,834 | = | 0.0% |
| Contracts in progress | 37 | €21,291 | €156,370 | +€135,079 | +634.5% |
| Amounts receivable within one year | 40/41 | €22,508 | €59,407 | +€36,899 | +163.9% |
| Trade receivables | 40 | €5,080 | €55,443 | +€50,363 | +991.4% |
| Other amounts receivable | 41 | €17,427 | €3,963 | -€13,464 | -77.3% |
| Cash at bank and in hand | 54/58 | €386,773 | €538,500 | +€151,727 | +39.2% |
| Deferred charges and accrued income | 490/1 | €6,073 | €5,874 | -€199 | -3.3% |
| Total equity and liabilities | 10/49 | €821,954 | €1,120,256 | +€298,302 | +36.3% |
| Equity | 10/15 | €503,769 | €612,620 | +€108,851 | +21.6% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €486,769 | €595,620 | +€108,851 | +22.4% |
| Amounts payable | 17/49 | €318,185 | €507,636 | +€189,451 | +59.5% |
| Amounts payable after more than one year | 17 | €217,151 | €195,682 | -€21,470 | -9.9% |
| Financial debts | 170/4 | €217,151 | €195,682 | -€21,470 | -9.9% |
| Amounts payable within one year | 42/48 | €29,827 | €80,777 | +€50,950 | +170.8% |
| Current portion of amounts payable after more than one year | 42 | €23,334 | €21,470 | -€1,865 | -8.0% |
| Trade debts | 44 | €3,734 | €46,595 | +€42,861 | +1148.0% |
| Suppliers | 440/4 | €3,734 | €46,595 | +€42,861 | +1148.0% |
| Taxes, remuneration and social security | 45 | €1,041 | €4,347 | +€3,306 | +317.5% |
| Taxes | 450/3 | €708 | €2,307 | +€1,599 | +225.8% |
| Remuneration and social security | 454/9 | €333 | €2,040 | +€1,707 | +512.8% |
| Other amounts payable | 47/48 | €1,718 | €8,366 | +€6,648 | +387.0% |
| Accrued charges and deferred income | 492/3 | €71,206 | €231,177 | +€159,971 | +224.7% |
| Non-recurring operating income | 76A | €15,478 | €0 | -€15,478 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,917 | €38,290 | +€1,373 | +3.7% |
| Other operating charges | 640/8 | €3,336 | €2,918 | -€418 | -12.5% |
| Gross operating margin | 9900 | €133,198 | €197,685 | +€64,487 | +48.4% |
| Operating profit (loss) | 9901 | €92,945 | €156,478 | +€63,533 | +68.4% |
| Financial income | 75/76B | €9,008 | €5,199 | -€3,810 | -42.3% |
| Recurring financial income | 75 | €9,008 | €5,199 | -€3,810 | -42.3% |
| Financial charges | 65/66B | €12,347 | €11,328 | -€1,019 | -8.3% |
| Recurring financial charges | 65 | €12,347 | €11,328 | -€1,019 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €89,606 | €150,349 | +€60,742 | +67.8% |
| Income taxes | 67/77 | €17,910 | €33,131 | +€15,222 | +85.0% |
| Profit (loss) for the period | 9904 | €71,697 | €117,217 | +€45,521 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,697 | €117,217 | +€45,521 | +63.5% |
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 10 October 2026 via checked.be.