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 +€134,951
up €134,951 (+268%), from €50,446 to €185,396
of which Land and buildings: +€129,422
- Receivables within one year +€17,052
up €17,052 (+131%), from €13,029 to €30,081
of which Trade receivables: +€18,113
- Debts after one year +€109,436
up €109,436 (+420%), from €26,026 to €135,462
- Other debts +€26,271
up €26,271 (+210%), from €12,502 to €38,772
- Trade debts +€11,828
up €11,828 (+164%), from €7,210 to €19,038
- Current portion of long-term debt +€7,350
up €7,350 (+69.3%), from €10,609 to €17,958
- Gross operating margin +€28,444
up €28,444 (+202%), from €14,048 to €42,492
- Depreciation +€26,323
up €26,323 (+262%), from €10,060 to €36,383
- Financial charges +€4,210
up €4,210 (+269%), from €1,567 to €5,777
- Taxes -€557
no longer reported in 2025 (was €557)
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 | €63,769 | €218,579 | +€154,811 | +243% |
| Fixed assets | 21/28 | €50,446 | €185,396 | +€134,951 | +268% |
| Tangible fixed assets | 22/27 | €50,446 | €185,396 | +€134,951 | +268% |
| Land and buildings | 22 | - | €129,422 | +€129,422 | |
| Plant, machinery and equipment | 23 | €5,787 | €6,158 | +€372 | +6.4% |
| Furniture and vehicles | 24 | - | €15,757 | +€15,757 | |
| Leasing and similar rights | 25 | €44,659 | €34,059 | -€10,600 | -23.7% |
| Current assets | 29/58 | €13,323 | €33,183 | +€19,860 | +149% |
| Amounts receivable within one year | 40/41 | €13,029 | €30,081 | +€17,052 | +131% |
| Trade receivables | 40 | €11,149 | €29,263 | +€18,113 | +162% |
| Other amounts receivable | 41 | €1,880 | €819 | -€1,061 | -56.5% |
| Cash at bank and in hand | 54/58 | - | €2,110 | +€2,110 | |
| Deferred charges and accrued income | 490/1 | €294 | €992 | +€698 | +237% |
| Total equity and liabilities | 10/49 | €63,769 | €218,579 | +€154,811 | +243% |
| Equity | 10/15 | €6,866 | €6,792 | -€73 | -1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €1,792 | +€1,792 | |
| Distributable reserves | 133 | - | €1,792 | +€1,792 | |
| Profit (loss) carried forward | 14 | €1,866 | - | -€1,866 | |
| Amounts payable | 17/49 | €56,903 | €211,787 | +€154,884 | +272% |
| Amounts payable after more than one year | 17 | €26,026 | €135,462 | +€109,436 | +420% |
| Financial debts | 170/4 | €26,026 | €135,462 | +€109,436 | +420% |
| Amounts payable within one year | 42/48 | €30,877 | €76,325 | +€45,448 | +147% |
| Current portion of amounts payable after more than one year | 42 | €10,609 | €17,958 | +€7,350 | +69.3% |
| Trade debts | 44 | €7,210 | €19,038 | +€11,828 | +164% |
| Suppliers | 440/4 | €7,210 | €19,038 | +€11,828 | +164% |
| Taxes, remuneration and social security | 45 | €557 | €557 | = | 0.0% |
| Taxes | 450/3 | €557 | €557 | = | 0.0% |
| Other amounts payable | 47/48 | €12,502 | €38,772 | +€26,271 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,060 | €36,383 | +€26,323 | +262% |
| Other operating charges | 640/8 | - | €406 | +€406 | |
| Gross operating margin | 9900 | €14,048 | €42,492 | +€28,444 | +202% |
| Operating profit (loss) | 9901 | €3,989 | €5,703 | +€1,715 | +43.0% |
| Financial income | 75/76B | €1 | €1 | -€0 | -3.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -3.5% |
| Financial charges | 65/66B | €1,567 | €5,777 | +€4,210 | +269% |
| Recurring financial charges | 65 | €1,567 | €5,777 | +€4,210 | +269% |
| Profit (loss) for the period before taxes | 9903 | €2,422 | -€73 | -€2,495 | |
| Income taxes | 67/77 | €557 | - | -€557 | |
| Profit (loss) for the period | 9904 | €1,866 | -€73 | -€1,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,866 | -€73 | -€1,939 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.