JD-SYSTEM: 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-SYSTEM
Largest movements
- Tangible fixed assets +€17,537
up €17,537 (+6.4%), from €275,080 to €292,617
of which Plant, machinery and equipment: +€32,710
- Cash -€12,974
down €12,974 (-74.8%), from €17,345 to €4,371
mainly Investment in fixed assets (net) (-€33,804) and Net result for the year (-€18,346)
- Other debts +€37,105
new in 2025: €37,105
- Profit (loss) carried forward -€18,346
down €18,346 (-58.5%), from €31,338 to €12,992
- Debts after one year -€10,195
down €10,195 (-4.1%), from €247,354 to €237,159
- Gross operating margin +€9,157
up €9,157 (+262.9%), from €3,483 to €12,640
- Depreciation +€7,080
up €7,080 (+77.1%), from €9,188 to €16,267
- Financial charges +€579
up €579 (+5.2%), from €11,146 to €11,725
- Financial income -€462
down €462 (-100.0%), from €462 to €0
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 | €300,404 | €307,589 | +€7,185 | +2.4% |
| Fixed assets | 21/28 | €275,080 | €292,617 | +€17,537 | +6.4% |
| Tangible fixed assets | 22/27 | €275,080 | €292,617 | +€17,537 | +6.4% |
| Land and buildings | 22 | €267,854 | €253,491 | -€14,363 | -5.4% |
| Plant, machinery and equipment | 23 | €4,457 | €37,168 | +€32,710 | +733.9% |
| Furniture and vehicles | 24 | €2,768 | €1,958 | -€810 | -29.3% |
| Current assets | 29/58 | €25,324 | €14,972 | -€10,352 | -40.9% |
| Amounts receivable within one year | 40/41 | €4,619 | €6,986 | +€2,367 | +51.2% |
| Trade receivables | 40 | €520 | €266 | -€254 | -48.9% |
| Other amounts receivable | 41 | €4,099 | €6,720 | +€2,621 | +63.9% |
| Cash at bank and in hand | 54/58 | €17,345 | €4,371 | -€12,974 | -74.8% |
| Deferred charges and accrued income | 490/1 | €3,360 | €3,615 | +€255 | +7.6% |
| Total equity and liabilities | 10/49 | €300,404 | €307,589 | +€7,185 | +2.4% |
| Equity | 10/15 | €35,338 | €16,992 | -€18,346 | -51.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,338 | €12,992 | -€18,346 | -58.5% |
| Amounts payable | 17/49 | €265,066 | €290,597 | +€25,530 | +9.6% |
| Amounts payable after more than one year | 17 | €247,354 | €237,159 | -€10,195 | -4.1% |
| Financial debts | 170/4 | €247,354 | €237,159 | -€10,195 | -4.1% |
| Amounts payable within one year | 42/48 | €17,712 | €53,062 | +€35,350 | +199.6% |
| Current portion of amounts payable after more than one year | 42 | €9,496 | €9,427 | -€69 | -0.7% |
| Trade debts | 44 | €7,220 | €6,164 | -€1,055 | -14.6% |
| Suppliers | 440/4 | €7,220 | €6,164 | -€1,055 | -14.6% |
| Taxes, remuneration and social security | 45 | €997 | €366 | -€631 | -63.3% |
| Taxes | 450/3 | €997 | €366 | -€631 | -63.3% |
| Other amounts payable | 47/48 | - | €37,105 | +€37,105 | |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Non-recurring operating income | 76A | €487 | €0 | -€487 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,188 | €16,267 | +€7,080 | +77.1% |
| Other operating charges | 640/8 | €1,944 | €1,925 | -€19 | -1.0% |
| Non-recurring operating charges | 66A | €42,662 | €744 | -€41,918 | -98.3% |
| Gross operating margin | 9900 | €3,483 | €12,640 | +€9,157 | +262.9% |
| Operating profit (loss) | 9901 | -€50,311 | -€6,296 | +€44,015 | +87.5% |
| Financial income | 75/76B | €462 | €0 | -€462 | -100.0% |
| Recurring financial income | 75 | €462 | €0 | -€462 | -100.0% |
| Financial charges | 65/66B | €11,146 | €11,725 | +€579 | +5.2% |
| Recurring financial charges | 65 | €11,146 | €11,725 | +€579 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€60,995 | -€18,021 | +€42,974 | +70.5% |
| Income taxes | 67/77 | €341 | €325 | -€16 | -4.7% |
| Profit (loss) for the period | 9904 | -€61,335 | -€18,346 | +€42,990 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,335 | -€18,346 | +€42,990 | +70.1% |
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 11 October 2026 via checked.be.