JDeS: 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.
JDeS
Largest movements
- Cash +€20,768
up €20,768 (+79.7%), from €26,054 to €46,822
mainly Depreciation (+€13,838) and Receivables within one year (+€7,255)
- Tangible fixed assets -€10,029
down €10,029 (-17.8%), from €56,407 to €46,378
of which Furniture and vehicles: -€12,957
- Receivables within one year -€7,255
down €7,255 (-13.9%), from €52,325 to €45,070
of which Trade receivables: -€13,342
- Other debts +€4,044
up €4,044 (+5.1%), from €79,905 to €83,948
- Tax, wage and social debts -€2,605
down €2,605 (-16.7%), from €15,583 to €12,977
- Reserves +€1,963
up €1,963 (+5.7%), from €34,271 to €36,234
- Gross operating margin -€32,813
down €32,813 (-57.8%), from €56,763 to €23,950
- Taxes -€7,386
down €7,386 (-75.1%), from €9,840 to €2,453
- Depreciation +€4,513
up €4,513 (+48.4%), from €9,325 to €13,838
- Financial charges +€2,834
up €2,834 (+102.6%), from €2,763 to €5,597
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 | €134,786 | €138,270 | +€3,484 | +2.6% |
| Fixed assets | 21/28 | €56,407 | €46,378 | -€10,029 | -17.8% |
| Tangible fixed assets | 22/27 | €56,407 | €46,378 | -€10,029 | -17.8% |
| Plant, machinery and equipment | 23 | €681 | €3,609 | +€2,928 | +429.8% |
| Furniture and vehicles | 24 | €55,726 | €42,769 | -€12,957 | -23.3% |
| Current assets | 29/58 | €78,379 | €91,892 | +€13,513 | +17.2% |
| Amounts receivable within one year | 40/41 | €52,325 | €45,070 | -€7,255 | -13.9% |
| Trade receivables | 40 | €50,094 | €36,752 | -€13,342 | -26.6% |
| Other amounts receivable | 41 | €2,231 | €8,318 | +€6,087 | +272.8% |
| Cash at bank and in hand | 54/58 | €26,054 | €46,822 | +€20,768 | +79.7% |
| Total equity and liabilities | 10/49 | €134,786 | €138,270 | +€3,484 | +2.6% |
| Equity | 10/15 | €39,271 | €41,234 | +€1,963 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,271 | €36,234 | +€1,963 | +5.7% |
| Distributable reserves | 133 | €34,271 | €36,234 | +€1,963 | +5.7% |
| Amounts payable | 17/49 | €95,515 | €97,037 | +€1,521 | +1.6% |
| Amounts payable within one year | 42/48 | €95,515 | €97,037 | +€1,521 | +1.6% |
| Trade debts | 44 | €28 | €111 | +€83 | +295.2% |
| Suppliers | 440/4 | €28 | €111 | +€83 | +295.2% |
| Taxes, remuneration and social security | 45 | €15,583 | €12,977 | -€2,605 | -16.7% |
| Taxes | 450/3 | €15,583 | €12,977 | -€2,605 | -16.7% |
| Other amounts payable | 47/48 | €79,905 | €83,948 | +€4,044 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,325 | €13,838 | +€4,513 | +48.4% |
| Other operating charges | 640/8 | €564 | €98 | -€466 | -82.5% |
| Gross operating margin | 9900 | €56,763 | €23,950 | -€32,813 | -57.8% |
| Operating profit (loss) | 9901 | €46,873 | €10,013 | -€36,861 | -78.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7900.0% |
| Financial charges | 65/66B | €2,763 | €5,597 | +€2,834 | +102.6% |
| Recurring financial charges | 65 | €2,763 | €5,597 | +€2,834 | +102.6% |
| Profit (loss) for the period before taxes | 9903 | €44,110 | €4,416 | -€39,694 | -90.0% |
| Income taxes | 67/77 | €9,840 | €2,453 | -€7,386 | -75.1% |
| Profit (loss) for the period | 9904 | €34,271 | €1,963 | -€32,308 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,271 | €1,963 | -€32,308 | -94.3% |
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 11 October 2026 via checked.be.