JDB: 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.
JDB
Largest movements
- Tangible fixed assets -€19,201
down €19,201 (-26.0%), from €73,749 to €54,548
of which Land and buildings: -€14,998
- Cash +€17,653
up €17,653 (+15.3%), from €115,444 to €133,096
mainly Depreciation (+€19,201) and Net result for the year (+€10,695)
- Receivables within one year -€4,464
down €4,464 (-70.0%), from €6,373 to €1,909
of which Trade receivables: -€4,407
- Stocks and contracts -€3,398
down €3,398 (-35.2%), from €9,642 to €6,243
- Profit (loss) carried forward +€10,695
up €10,695 (+8.1%), from -€131,233 to -€120,537
- Other debts -€9,694
down €9,694 (-7.3%), from €132,635 to €122,941
- Current portion of long-term debt -€6,884
down €6,884 (-100%), from €6,884 to €0
- Trade debts -€5,851
down €5,851 (-70.5%), from €8,301 to €2,450
- Depreciation -€15,000
down €15,000 (-43.9%), from €34,201 to €19,201
- Gross operating margin +€10,967
up €10,967 (+47.2%), from €23,257 to €34,224
- Other operating charges +€846
up €846 (+22.0%), from €3,852 to €4,697
- Financial income +€650
up €650 (+168%), from €386 to €1,036
- Taxes +€459
new in 2025: €459
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 | €221,434 | €212,382 | -€9,052 | -4.1% |
| Fixed assets | 21/28 | €73,749 | €54,548 | -€19,201 | -26.0% |
| Tangible fixed assets | 22/27 | €73,749 | €54,548 | -€19,201 | -26.0% |
| Land and buildings | 22 | €59,990 | €44,992 | -€14,998 | -25.0% |
| Plant, machinery and equipment | 23 | €7,274 | €5,174 | -€2,100 | -28.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €6,486 | €4,382 | -€2,104 | -32.4% |
| Current assets | 29/58 | €147,684 | €157,834 | +€10,149 | +6.9% |
| Stocks and contracts in progress | 3 | €9,642 | €6,243 | -€3,398 | -35.2% |
| Stocks | 30/36 | €9,642 | €6,243 | -€3,398 | -35.2% |
| Amounts receivable within one year | 40/41 | €6,373 | €1,909 | -€4,464 | -70.0% |
| Trade receivables | 40 | €6,316 | €1,909 | -€4,407 | -69.8% |
| Other amounts receivable | 41 | €57 | €0 | -€57 | -100% |
| Current investments | 50/53 | €13,839 | €14,010 | +€172 | +1.2% |
| Cash at bank and in hand | 54/58 | €115,444 | €133,096 | +€17,653 | +15.3% |
| Deferred charges and accrued income | 490/1 | €2,388 | €2,575 | +€187 | +7.8% |
| Total equity and liabilities | 10/49 | €221,434 | €212,382 | -€9,052 | -4.1% |
| Equity | 10/15 | -€98,736 | -€88,041 | +€10,695 | +10.8% |
| Contributions | 10/11 | €12,437 | €12,437 | = | 0.0% |
| Reserves | 13 | €20,060 | €20,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,200 | €18,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,233 | -€120,537 | +€10,695 | +8.1% |
| Provisions and deferred taxes | 16 | €13,618 | €13,618 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,618 | €13,618 | = | 0.0% |
| Pensions and similar obligations | 160 | €13,618 | €13,618 | = | 0.0% |
| Amounts payable | 17/49 | €306,552 | €286,805 | -€19,747 | -6.4% |
| Amounts payable after more than one year | 17 | €157,670 | €158,170 | +€500 | +0.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €157,670 | €158,170 | +€500 | +0.3% |
| Amounts payable within one year | 42/48 | €148,072 | €127,244 | -€20,828 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €6,884 | €0 | -€6,884 | -100% |
| Trade debts | 44 | €8,301 | €2,450 | -€5,851 | -70.5% |
| Suppliers | 440/4 | €8,301 | €2,450 | -€5,851 | -70.5% |
| Taxes, remuneration and social security | 45 | €253 | €1,853 | +€1,600 | +632% |
| Taxes | 450/3 | €253 | €1,853 | +€1,600 | +632% |
| Other amounts payable | 47/48 | €132,635 | €122,941 | -€9,694 | -7.3% |
| Accrued charges and deferred income | 492/3 | €810 | €1,391 | +€581 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,201 | €19,201 | -€15,000 | -43.9% |
| Other operating charges | 640/8 | €3,852 | €4,697 | +€846 | +22.0% |
| Gross operating margin | 9900 | €23,257 | €34,224 | +€10,967 | +47.2% |
| Operating profit (loss) | 9901 | -€14,796 | €10,325 | +€25,121 | |
| Financial income | 75/76B | €386 | €1,036 | +€650 | +168% |
| Recurring financial income | 75 | €386 | €1,036 | +€650 | +168% |
| Financial charges | 65/66B | €482 | €207 | -€275 | -57.0% |
| Recurring financial charges | 65 | €482 | €207 | -€275 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,893 | €11,154 | +€26,046 | |
| Income taxes | 67/77 | - | €459 | +€459 | |
| Profit (loss) for the period | 9904 | -€14,893 | €10,695 | +€25,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,893 | €10,695 | +€25,588 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.