JDG4U: 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.
JDG4U
Largest movements
- Cash -€30,268
down €30,268 (-50.8%), from €59,623 to €29,355
mainly Other debts (-€19,251) and Contributions, distributions and other (-€18,600)
- Deferred charges and accrued income +€1,784
up €1,784 (+153.0%), from €1,166 to €2,950
- Other debts -€19,251
down €19,251 (-46.2%), from €41,650 to €22,399
- Tax, wage and social debts -€9,588
down €9,588 (-85.9%), from €11,167 to €1,580
of which Taxes: -€9,779
- Debts after one year -€4,499
down €4,499 (-38.5%), from €11,676 to €7,178
- Current portion of long-term debt +€2,837
up €2,837 (+30.1%), from €9,421 to €12,258
- Trade debts +€1,576
up €1,576 (+83.7%), from €1,883 to €3,459
- Gross operating margin -€8,269
down €8,269 (-16.1%), from €51,429 to €43,160
- Other operating charges -€5,864
down €5,864 (-90.1%), from €6,509 to €645
- Staff costs +€5,082
up €5,082 (+116.5%), from €4,362 to €9,443
- Taxes -€2,645
down €2,645 (-32.0%), from €8,261 to €5,616
- Depreciation +€805
up €805 (+12.6%), from €6,378 to €7,184
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 | €94,962 | €66,039 | -€28,922 | -30.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,727 | €19,371 | -€357 | -1.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €19,727 | €19,371 | -€357 | -1.8% |
| Plant, machinery and equipment | 23 | - | €5,896 | +€5,896 | |
| Furniture and vehicles | 24 | €15,348 | €9,806 | -€5,542 | -36.1% |
| Other tangible fixed assets | 26 | €4,379 | €3,668 | -€710 | -16.2% |
| Current assets | 29/58 | €75,235 | €46,669 | -€28,566 | -38.0% |
| Amounts receivable within one year | 40/41 | €14,445 | €14,364 | -€82 | -0.6% |
| Trade receivables | 40 | €10,980 | €13,335 | +€2,355 | +21.4% |
| Other amounts receivable | 41 | €3,465 | €1,029 | -€2,437 | -70.3% |
| Cash at bank and in hand | 54/58 | €59,623 | €29,355 | -€30,268 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,166 | €2,950 | +€1,784 | +153.0% |
| Total equity and liabilities | 10/49 | €94,962 | €66,039 | -€28,922 | -30.5% |
| Equity | 10/15 | €19,165 | €19,167 | +€3 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €565 | €567 | +€3 | +0.5% |
| Amounts payable | 17/49 | €75,797 | €46,872 | -€28,925 | -38.2% |
| Amounts payable after more than one year | 17 | €11,676 | €7,178 | -€4,499 | -38.5% |
| Financial debts | 170/4 | €11,676 | €7,178 | -€4,499 | -38.5% |
| Amounts payable within one year | 42/48 | €64,121 | €39,695 | -€24,426 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €9,421 | €12,258 | +€2,837 | +30.1% |
| Trade debts | 44 | €1,883 | €3,459 | +€1,576 | +83.7% |
| Suppliers | 440/4 | €1,883 | €3,459 | +€1,576 | +83.7% |
| Taxes, remuneration and social security | 45 | €11,167 | €1,580 | -€9,588 | -85.9% |
| Taxes | 450/3 | €11,056 | €1,277 | -€9,779 | -88.4% |
| Remuneration and social security | 454/9 | €111 | €302 | +€192 | +172.7% |
| Other amounts payable | 47/48 | €41,650 | €22,399 | -€19,251 | -46.2% |
| Remuneration, social security and pensions | 62 | €4,362 | €9,443 | +€5,082 | +116.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,378 | €7,184 | +€805 | +12.6% |
| Other operating charges | 640/8 | €6,509 | €645 | -€5,864 | -90.1% |
| Gross operating margin | 9900 | €51,429 | €43,160 | -€8,269 | -16.1% |
| Operating profit (loss) | 9901 | €34,180 | €25,888 | -€8,291 | -24.3% |
| Financial charges | 65/66B | €2,023 | €1,669 | -€353 | -17.5% |
| Recurring financial charges | 65 | €2,023 | €1,669 | -€353 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €32,157 | €24,219 | -€7,938 | -24.7% |
| Income taxes | 67/77 | €8,261 | €5,616 | -€2,645 | -32.0% |
| Profit (loss) for the period | 9904 | €23,896 | €18,603 | -€5,293 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,896 | €18,603 | -€5,293 | -22.2% |
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.