JDCL: 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.
JDCL
Largest movements
- Current investments -€76,292
down €76,292 (-75.5%), from €101,064 to €24,773
- Tangible fixed assets -€12,227
down €12,227 (-21.6%), from €56,478 to €44,251
of which Furniture and vehicles: -€10,938
- Cash -€10,955
down €10,955 (-13.2%), from €83,227 to €72,272
mainly Contributions, distributions and other (-€240,000) and Debts after one year (-€7,120)
- Receivables within one year +€2,978
up €2,978 (+14.2%), from €20,902 to €23,880
of which Other amounts receivable: +€2,191
- Reserves -€174,823
no longer reported in 2025 (was €174,823)
- Other debts +€81,176
up €81,176 (+1112.1%), from €7,299 to €88,476
- Debts after one year -€7,120
down €7,120 (-24.1%), from €29,546 to €22,425
- Trade debts +€5,273
up €5,273 (+215.1%), from €2,452 to €7,724
- Accrued charges and deferred income -€3,904
no longer reported in 2025 (was €3,904)
- Gross operating margin -€25,895
down €25,895 (-21.0%), from €123,259 to €97,364
- Taxes -€8,478
down €8,478 (-31.9%), from €26,599 to €18,121
- Depreciation +€7,171
up €7,171 (+141.9%), from €5,055 to €12,227
- Financial charges +€1,589
up €1,589 (+252.0%), from €630 to €2,219
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 | €263,641 | €167,519 | -€96,122 | -36.5% |
| Fixed assets | 21/28 | €56,478 | €44,251 | -€12,227 | -21.6% |
| Tangible fixed assets | 22/27 | €56,478 | €44,251 | -€12,227 | -21.6% |
| Plant, machinery and equipment | 23 | €1,289 | - | -€1,289 | |
| Furniture and vehicles | 24 | €55,190 | €44,251 | -€10,938 | -19.8% |
| Current assets | 29/58 | €207,163 | €123,268 | -€83,895 | -40.5% |
| Amounts receivable within one year | 40/41 | €20,902 | €23,880 | +€2,978 | +14.2% |
| Trade receivables | 40 | €20,902 | €21,689 | +€787 | +3.8% |
| Other amounts receivable | 41 | - | €2,191 | +€2,191 | |
| Current investments | 50/53 | €101,064 | €24,773 | -€76,292 | -75.5% |
| Cash at bank and in hand | 54/58 | €83,227 | €72,272 | -€10,955 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,970 | €2,343 | +€373 | +18.9% |
| Total equity and liabilities | 10/49 | €263,641 | €167,519 | -€96,122 | -36.5% |
| Equity | 10/15 | €176,323 | €1,761 | -€174,562 | -99.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €174,823 | - | -€174,823 | |
| Distributable reserves | 133 | €174,823 | - | -€174,823 | |
| Profit (loss) carried forward | 14 | - | €261 | +€261 | |
| Amounts payable | 17/49 | €87,318 | €165,759 | +€78,440 | +89.8% |
| Amounts payable after more than one year | 17 | €29,546 | €22,425 | -€7,120 | -24.1% |
| Financial debts | 170/4 | €29,546 | €22,425 | -€7,120 | -24.1% |
| Amounts payable within one year | 42/48 | €53,869 | €143,334 | +€89,465 | +166.1% |
| Current portion of amounts payable after more than one year | 42 | €7,447 | €7,754 | +€307 | +4.1% |
| Trade debts | 44 | €2,452 | €7,724 | +€5,273 | +215.1% |
| Suppliers | 440/4 | €2,452 | €7,724 | +€5,273 | +215.1% |
| Taxes, remuneration and social security | 45 | €36,671 | €39,380 | +€2,709 | +7.4% |
| Taxes | 450/3 | €36,671 | €39,380 | +€2,709 | +7.4% |
| Other amounts payable | 47/48 | €7,299 | €88,476 | +€81,176 | +1112.1% |
| Accrued charges and deferred income | 492/3 | €3,904 | - | -€3,904 | |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,055 | €12,227 | +€7,171 | +141.9% |
| Other operating charges | 640/8 | €679 | €400 | -€279 | -41.1% |
| Gross operating margin | 9900 | €123,259 | €97,364 | -€25,895 | -21.0% |
| Operating profit (loss) | 9901 | €117,525 | €84,738 | -€32,787 | -27.9% |
| Financial income | 75/76B | €1,428 | €1,040 | -€388 | -27.2% |
| Recurring financial income | 75 | €1,428 | €1,040 | -€388 | -27.2% |
| Financial charges | 65/66B | €630 | €2,219 | +€1,589 | +252.0% |
| Recurring financial charges | 65 | €630 | €2,219 | +€1,589 | +252.0% |
| Profit (loss) for the period before taxes | 9903 | €118,322 | €83,558 | -€34,764 | -29.4% |
| Income taxes | 67/77 | €26,599 | €18,121 | -€8,478 | -31.9% |
| Profit (loss) for the period | 9904 | €91,723 | €65,438 | -€26,286 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,723 | €65,438 | -€26,286 | -28.7% |
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 4 October 2026 via checked.be.