JDB Opportunities: 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 Opportunities
Largest movements
- Stocks and contracts +€46,156
up €46,156 (+36.2%), from €127,363 to €173,519
- Cash +€9,225
up €9,225 (+40.1%), from €22,996 to €32,221
mainly Debts after one year (+€50,000) and Other debts (+€12,232)
- Tangible fixed assets +€4,909
up €4,909 (+9.2%), from €53,386 to €58,296
of which Plant, machinery and equipment: +€2,860
- Receivables within one year -€4,111
down €4,111 (-5.5%), from €75,033 to €70,922
of which Other amounts receivable: -€7,185
- Debts after one year +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Other debts +€12,232
up €12,232 (+64.8%), from €18,882 to €31,114
- Trade debts -€7,223
down €7,223 (-20.5%), from €35,155 to €27,932
- Gross operating margin -€35,711
down €35,711 (-64.4%), from €55,479 to €19,768
- Taxes -€6,153
down €6,153 (-63.9%), from €9,623 to €3,470
- Financial charges -€1,070
down €1,070 (-23.0%), from €4,647 to €3,577
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 | €280,630 | €335,714 | +€55,085 | +19.6% |
| Fixed assets | 21/28 | €55,048 | €58,852 | +€3,804 | +6.9% |
| Intangible fixed assets | 21 | €1,662 | €557 | -€1,105 | -66.5% |
| Tangible fixed assets | 22/27 | €53,386 | €58,296 | +€4,909 | +9.2% |
| Plant, machinery and equipment | 23 | €1,061 | €3,920 | +€2,860 | +270% |
| Furniture and vehicles | 24 | €14,279 | €15,209 | +€930 | +6.5% |
| Other tangible fixed assets | 26 | €38,047 | €39,166 | +€1,119 | +2.9% |
| Current assets | 29/58 | €225,581 | €276,862 | +€51,281 | +22.7% |
| Stocks and contracts in progress | 3 | €127,363 | €173,519 | +€46,156 | +36.2% |
| Stocks | 30/36 | €127,363 | €173,519 | +€46,156 | +36.2% |
| Amounts receivable within one year | 40/41 | €75,033 | €70,922 | -€4,111 | -5.5% |
| Trade receivables | 40 | €41,030 | €44,104 | +€3,074 | +7.5% |
| Other amounts receivable | 41 | €34,003 | €26,818 | -€7,185 | -21.1% |
| Cash at bank and in hand | 54/58 | €22,996 | €32,221 | +€9,225 | +40.1% |
| Deferred charges and accrued income | 490/1 | €189 | €200 | +€11 | +5.9% |
| Total equity and liabilities | 10/49 | €280,630 | €335,714 | +€55,085 | +19.6% |
| Equity | 10/15 | €104,677 | €105,181 | +€504 | +0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,677 | €100,181 | +€504 | +0.5% |
| Distributable reserves | 133 | €99,677 | €100,181 | +€504 | +0.5% |
| Amounts payable | 17/49 | €175,952 | €230,533 | +€54,581 | +31.0% |
| Amounts payable after more than one year | 17 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Financial debts | 170/4 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Amounts payable within one year | 42/48 | €75,952 | €80,533 | +€4,581 | +6.0% |
| Trade debts | 44 | €35,155 | €27,932 | -€7,223 | -20.5% |
| Suppliers | 440/4 | €35,155 | €27,932 | -€7,223 | -20.5% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,915 | €19,486 | -€429 | -2.2% |
| Taxes | 450/3 | €19,915 | €19,486 | -€429 | -2.2% |
| Other amounts payable | 47/48 | €18,882 | €31,114 | +€12,232 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,415 | €11,837 | +€422 | +3.7% |
| Other operating charges | 640/8 | €457 | €442 | -€15 | -3.3% |
| Non-recurring operating charges | 66A | €575 | - | -€575 | |
| Gross operating margin | 9900 | €55,479 | €19,768 | -€35,711 | -64.4% |
| Operating profit (loss) | 9901 | €43,032 | €7,489 | -€35,543 | -82.6% |
| Financial income | 75/76B | €126 | €63 | -€63 | -50.4% |
| Recurring financial income | 75 | €126 | €63 | -€63 | -50.4% |
| Financial charges | 65/66B | €4,647 | €3,577 | -€1,070 | -23.0% |
| Recurring financial charges | 65 | €4,647 | €3,577 | -€1,070 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €38,511 | €3,974 | -€34,537 | -89.7% |
| Income taxes | 67/77 | €9,623 | €3,470 | -€6,153 | -63.9% |
| Profit (loss) for the period | 9904 | €28,888 | €504 | -€28,384 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,888 | €504 | -€28,384 | -98.3% |
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 24 October 2026 via checked.be.