JDF LAW: 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.
JDF LAW
Largest movements
- Cash -€61,590
down €61,590 (-81.2%), from €75,829 to €14,239
mainly Contributions, distributions and other (-€138,803) and Receivables within one year (-€21,153)
- Receivables within one year +€21,153
up €21,153 (+194%), from €10,921 to €32,075
of which Trade receivables: +€18,119
- Tangible fixed assets -€1,920
down €1,920 (-22.2%), from €8,651 to €6,731
- Profit (loss) carried forward -€69,715
no longer reported in 2025 (was €69,715)
- Other debts +€28,732
new in 2025: €28,732
- Tax, wage and social debts -€2,021
down €2,021 (-11.4%), from €17,659 to €15,638
- Gross operating margin +€56,282
up €56,282 (+167%), from €33,767 to €90,049
- Taxes +€7,359
up €7,359 (+77.5%), from €9,500 to €16,859
- Financial charges +€1,177
up €1,177 (+344%), from €342 to €1,519
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 | €95,672 | €53,084 | -€42,588 | -44.5% |
| Fixed assets | 21/28 | €8,651 | €6,731 | -€1,920 | -22.2% |
| Tangible fixed assets | 22/27 | €8,651 | €6,731 | -€1,920 | -22.2% |
| Furniture and vehicles | 24 | €8,651 | €6,731 | -€1,920 | -22.2% |
| Current assets | 29/58 | €87,022 | €46,353 | -€40,668 | -46.7% |
| Amounts receivable within one year | 40/41 | €10,921 | €32,075 | +€21,153 | +194% |
| Trade receivables | 40 | €10,921 | €29,040 | +€18,119 | +166% |
| Other amounts receivable | 41 | - | €3,035 | +€3,035 | |
| Cash at bank and in hand | 54/58 | €75,829 | €14,239 | -€61,590 | -81.2% |
| Deferred charges and accrued income | 490/1 | €271 | €39 | -€231 | -85.4% |
| Total equity and liabilities | 10/49 | €95,672 | €53,084 | -€42,588 | -44.5% |
| Equity | 10/15 | €74,715 | €5,000 | -€69,715 | -93.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,715 | - | -€69,715 | |
| Amounts payable | 17/49 | €20,957 | €48,084 | +€27,127 | +129% |
| Amounts payable within one year | 42/48 | €20,957 | €48,084 | +€27,127 | +129% |
| Current portion of amounts payable after more than one year | 42 | €3,207 | €3,066 | -€141 | -4.4% |
| Trade debts | 44 | €91 | €648 | +€556 | +610% |
| Suppliers | 440/4 | €91 | €648 | +€556 | +610% |
| Taxes, remuneration and social security | 45 | €17,659 | €15,638 | -€2,021 | -11.4% |
| Taxes | 450/3 | €17,659 | €15,638 | -€2,021 | -11.4% |
| Other amounts payable | 47/48 | - | €28,732 | +€28,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,904 | €2,042 | -€862 | -29.7% |
| Other operating charges | 640/8 | €859 | €541 | -€318 | -37.0% |
| Non-recurring operating charges | 66A | €2,160 | - | -€2,160 | |
| Gross operating margin | 9900 | €33,767 | €90,049 | +€56,282 | +167% |
| Operating profit (loss) | 9901 | €27,845 | €87,466 | +€59,622 | +214% |
| Financial charges | 65/66B | €342 | €1,519 | +€1,177 | +344% |
| Recurring financial charges | 65 | €342 | €1,519 | +€1,177 | +344% |
| Profit (loss) for the period before taxes | 9903 | €27,502 | €85,947 | +€58,445 | +213% |
| Income taxes | 67/77 | €9,500 | €16,859 | +€7,359 | +77.5% |
| Profit (loss) for the period | 9904 | €18,002 | €69,088 | +€51,086 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €18,002 | €69,088 | +€51,086 | +284% |
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 13 October 2026 via checked.be.