JD1820: 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.
JD1820
Largest movements
- Stocks and contracts +€49,084
up €49,084 (+179.3%), from €27,376 to €76,459
- Receivables within one year +€17,400
up €17,400 (+4684.4%), from €371 to €17,771
of which Trade receivables: +€15,312
- Debts after one year +€51,293
up €51,293 (+140.6%), from €36,494 to €87,788
- Trade debts +€19,985
new in 2025: €19,985
- Profit (loss) carried forward -€4,590
down €4,590 (-49.2%), from -€9,332 to -€13,922
- Gross operating margin +€1,800
up €1,800 (+40.6%), from -€4,429 to -€2,629
- Other operating charges -€148
down €148 (-21.7%), from €684 to €536
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 | €30,186 | €96,859 | +€66,673 | +220.9% |
| Formation expenses | 20 | €2,356 | €1,754 | -€602 | -25.5% |
| Current assets | 29/58 | €27,830 | €95,104 | +€67,275 | +241.7% |
| Stocks and contracts in progress | 3 | €27,376 | €76,459 | +€49,084 | +179.3% |
| Stocks | 30/36 | €27,376 | €76,459 | +€49,084 | +179.3% |
| Amounts receivable within one year | 40/41 | €371 | €17,771 | +€17,400 | +4684.4% |
| Trade receivables | 40 | €0 | €15,312 | +€15,312 | |
| Other amounts receivable | 41 | €371 | €2,459 | +€2,088 | +562.1% |
| Cash at bank and in hand | 54/58 | €83 | €874 | +€791 | +957.9% |
| Total equity and liabilities | 10/49 | €30,186 | €96,859 | +€66,673 | +220.9% |
| Equity | 10/15 | -€6,332 | -€10,922 | -€4,590 | -72.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,332 | -€13,922 | -€4,590 | -49.2% |
| Amounts payable | 17/49 | €36,518 | €107,781 | +€71,263 | +195.1% |
| Amounts payable after more than one year | 17 | €36,494 | €87,788 | +€51,293 | +140.6% |
| Other amounts payable | 178/9 | €36,494 | €87,788 | +€51,293 | +140.6% |
| Amounts payable within one year | 42/48 | €24 | €19,993 | +€19,969 | +83798.5% |
| Trade debts | 44 | - | €19,985 | +€19,985 | |
| Suppliers | 440/4 | - | €19,985 | +€19,985 | |
| Taxes, remuneration and social security | 45 | €24 | €8 | -€16 | -65.0% |
| Taxes | 450/3 | €24 | €8 | -€16 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €602 | = | 0.0% |
| Other operating charges | 640/8 | €684 | €536 | -€148 | -21.7% |
| Gross operating margin | 9900 | -€4,429 | -€2,629 | +€1,800 | +40.6% |
| Operating profit (loss) | 9901 | -€5,714 | -€3,766 | +€1,948 | +34.1% |
| Financial charges | 65/66B | €801 | €823 | +€23 | +2.8% |
| Recurring financial charges | 65 | €801 | €823 | +€23 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,515 | -€4,590 | +€1,925 | +29.6% |
| Profit (loss) for the period | 9904 | -€6,515 | -€4,590 | +€1,925 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,515 | -€4,590 | +€1,925 | +29.6% |
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.