JDC: what changed
Two fiscal 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.
JDC
Largest movements
- Receivables within one year -€250,093
down €250,093 (-55.3%), from €451,960 to €201,867
of which Trade receivables: -€278,066
- Stocks and contracts +€136,000
up €136,000 (+30.1%), from €451,584 to €587,584
- Trade debts -€80,411
down €80,411 (-57.6%), from €139,569 to €59,158
- Tax, wage and social debts -€21,718
down €21,718 (-100.0%), from €21,718 to €0
- Write-downs +€74,018
up €74,018 (+525.1%), from €14,097 to €88,115
- Gross operating margin +€55,974
up €55,974 (+207.0%), from €27,035 to €83,010
- Taxes -€2,568
down €2,568 (-100.0%), from €2,568 to €0
- Other operating charges -€2,439
down €2,439 (-65.4%), from €3,731 to €1,293
- Financial income -€958
down €958 (-61.1%), from €1,567 to €609
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 | €954,772 | €847,341 | -€107,432 | -11.3% |
| Current assets | 29/58 | €954,772 | €847,341 | -€107,432 | -11.3% |
| Stocks and contracts in progress | 3 | €451,584 | €587,584 | +€136,000 | +30.1% |
| Stocks | 30/36 | €451,584 | €587,584 | +€136,000 | +30.1% |
| Amounts receivable within one year | 40/41 | €451,960 | €201,867 | -€250,093 | -55.3% |
| Trade receivables | 40 | €451,960 | €173,894 | -€278,066 | -61.5% |
| Other amounts receivable | 41 | €0 | €27,973 | +€27,973 | |
| Cash at bank and in hand | 54/58 | €51,228 | €57,890 | +€6,661 | +13.0% |
| Total equity and liabilities | 10/49 | €954,772 | €847,341 | -€107,432 | -11.3% |
| Equity | 10/15 | €793,486 | €785,494 | -€7,992 | -1.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €774,936 | €766,944 | -€7,992 | -1.0% |
| Distributable reserves | 133 | €774,936 | €766,944 | -€7,992 | -1.0% |
| Amounts payable | 17/49 | €161,287 | €61,847 | -€99,440 | -61.7% |
| Amounts payable within one year | 42/48 | €161,287 | €61,847 | -€99,440 | -61.7% |
| Financial debts | 43 | - | €2,689 | +€2,689 | |
| Credit institutions | 430/8 | - | €2,689 | +€2,689 | |
| Trade debts | 44 | €139,569 | €59,158 | -€80,411 | -57.6% |
| Suppliers | 440/4 | €139,569 | €59,158 | -€80,411 | -57.6% |
| Taxes, remuneration and social security | 45 | €21,718 | €0 | -€21,718 | -100.0% |
| Taxes | 450/3 | €21,718 | €0 | -€21,718 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,097 | €88,115 | +€74,018 | +525.1% |
| Other operating charges | 640/8 | €3,731 | €1,293 | -€2,439 | -65.4% |
| Gross operating margin | 9900 | €27,035 | €83,010 | +€55,974 | +207.0% |
| Operating profit (loss) | 9901 | €9,207 | -€6,398 | -€15,605 | |
| Financial income | 75/76B | €1,567 | €609 | -€958 | -61.1% |
| Recurring financial income | 75 | €1,567 | €609 | -€958 | -61.1% |
| Financial charges | 65/66B | €1,896 | €2,203 | +€307 | +16.2% |
| Recurring financial charges | 65 | €1,896 | €2,203 | +€307 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €8,879 | -€7,992 | -€16,870 | |
| Income taxes | 67/77 | €2,568 | €0 | -€2,568 | -100.0% |
| Profit (loss) for the period | 9904 | €6,311 | -€7,992 | -€14,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,311 | -€7,992 | -€14,302 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.