JDC: 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.
JDC
Largest movements
- Tangible fixed assets +€100,122
up €100,122 (+5.5%), from €1.8m to €1.9m
of which Land and buildings: +€105,894
- Accrued charges and deferred income +€99,039
new in 2025: €99,039
- Profit (loss) carried forward -€80,112
down €80,112 (-73.7%), from -€108,646 to -€188,758
- Other debts +€62,031
up €62,031 (+596%), from €10,416 to €72,447
- Debts after one year +€43,826
up €43,826 (+2.6%), from €1.7m to €1.7m
- Other operating charges +€20,542
up €20,542 (+144%), from €14,243 to €34,785
- Gross operating margin +€6,133
up €6,133 (+51.0%), from €12,024 to €18,157
- Depreciation +€434
up €434 (+0.9%), from €49,444 to €49,878
- Financial charges -€384
down €384 (-2.7%), from €13,991 to €13,606
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 | €1,827,587 | €1,932,234 | +€104,648 | +5.7% |
| Fixed assets | 21/28 | €1,806,028 | €1,906,150 | +€100,122 | +5.5% |
| Tangible fixed assets | 22/27 | €1,806,028 | €1,906,150 | +€100,122 | +5.5% |
| Land and buildings | 22 | €1,781,954 | €1,887,849 | +€105,894 | +5.9% |
| Plant, machinery and equipment | 23 | €24,073 | €18,301 | -€5,772 | -24.0% |
| Current assets | 29/58 | €21,559 | €26,084 | +€4,525 | +21.0% |
| Amounts receivable within one year | 40/41 | €12,487 | €3,697 | -€8,791 | -70.4% |
| Trade receivables | 40 | €12,487 | €2,170 | -€10,317 | -82.6% |
| Other amounts receivable | 41 | - | €1,526 | +€1,526 | |
| Cash at bank and in hand | 54/58 | €6,769 | €19,240 | +€12,471 | +184% |
| Deferred charges and accrued income | 490/1 | €2,302 | €3,147 | +€845 | +36.7% |
| Total equity and liabilities | 10/49 | €1,827,587 | €1,932,234 | +€104,648 | +5.7% |
| Equity | 10/15 | €129,811 | €49,699 | -€80,112 | -61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,857 | €219,857 | = | 0.0% |
| Distributable reserves | 133 | €219,857 | €219,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,646 | -€188,758 | -€80,112 | -73.7% |
| Amounts payable | 17/49 | €1,697,775 | €1,882,535 | +€184,760 | +10.9% |
| Amounts payable after more than one year | 17 | €1,656,424 | €1,700,250 | +€43,826 | +2.6% |
| Financial debts | 170/4 | €1,656,424 | €1,700,250 | +€43,826 | +2.6% |
| Amounts payable within one year | 42/48 | €41,351 | €83,246 | +€41,895 | +101% |
| Current portion of amounts payable after more than one year | 42 | €16,604 | €5,234 | -€11,370 | -68.5% |
| Trade debts | 44 | €11,451 | €2,656 | -€8,795 | -76.8% |
| Suppliers | 440/4 | €11,451 | €2,656 | -€8,795 | -76.8% |
| Taxes, remuneration and social security | 45 | €2,880 | €2,909 | +€29 | +1.0% |
| Taxes | 450/3 | €2,880 | €2,909 | +€29 | +1.0% |
| Other amounts payable | 47/48 | €10,416 | €72,447 | +€62,031 | +596% |
| Accrued charges and deferred income | 492/3 | - | €99,039 | +€99,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,444 | €49,878 | +€434 | +0.9% |
| Other operating charges | 640/8 | €14,243 | €34,785 | +€20,542 | +144% |
| Gross operating margin | 9900 | €12,024 | €18,157 | +€6,133 | +51.0% |
| Operating profit (loss) | 9901 | -€51,663 | -€66,506 | -€14,844 | -28.7% |
| Financial income | 75/76B | €26 | €1 | -€25 | -97.6% |
| Recurring financial income | 75 | €26 | €1 | -€25 | -97.6% |
| Financial charges | 65/66B | €13,991 | €13,606 | -€384 | -2.7% |
| Recurring financial charges | 65 | €13,991 | €13,606 | -€384 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€65,628 | -€80,112 | -€14,485 | -22.1% |
| Income taxes | 67/77 | €2 | €0 | -€1 | -87.6% |
| Profit (loss) for the period | 9904 | -€65,629 | -€80,112 | -€14,483 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,629 | -€80,112 | -€14,483 | -22.1% |
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 16 October 2026 via checked.be.