JDK: 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.
JDK
Largest movements
- Receivables within one year -€18,710
down €18,710 (-92.7%), from €20,179 to €1,469
of which Trade receivables: -€18,710
- Tangible fixed assets -€7,229
down €7,229 (-13.4%), from €53,871 to €46,641
of which Other tangible fixed assets: -€5,976
- Deferred charges and accrued income +€3,933
up €3,933 (+630%), from €624 to €4,557
- Reserves -€71,355
no longer reported in 2025 (was €71,355)
- Other debts +€55,929
new in 2025: €55,929
- Debts after one year -€5,801
down €5,801 (-12.8%), from €45,464 to €39,664
- Short-term financial debts +€4,091
up €4,091 (+85.1%), from €4,807 to €8,898
- Accrued charges and deferred income -€1,699
no longer reported in 2025 (was €1,699)
- Gross operating margin -€53,117
down €53,117 (-39.6%), from €134,148 to €81,031
- Taxes -€12,316
down €12,316 (-40.2%), from €30,655 to €18,339
- Other operating charges -€8,491
down €8,491 (-90.1%), from €9,423 to €932
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 | €156,745 | €136,270 | -€20,475 | -13.1% |
| Fixed assets | 21/28 | €54,122 | €47,092 | -€7,029 | -13.0% |
| Tangible fixed assets | 22/27 | €53,871 | €46,641 | -€7,229 | -13.4% |
| Furniture and vehicles | 24 | €2,859 | €1,606 | -€1,254 | -43.8% |
| Other tangible fixed assets | 26 | €51,011 | €45,036 | -€5,976 | -11.7% |
| Financial fixed assets | 28 | €251 | €451 | +€200 | +79.6% |
| Current assets | 29/58 | €102,623 | €89,177 | -€13,446 | -13.1% |
| Amounts receivable within one year | 40/41 | €20,179 | €1,469 | -€18,710 | -92.7% |
| Trade receivables | 40 | €18,710 | - | -€18,710 | |
| Other amounts receivable | 41 | €1,469 | €1,469 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €81,820 | €83,151 | +€1,331 | +1.6% |
| Deferred charges and accrued income | 490/1 | €624 | €4,557 | +€3,933 | +630% |
| Total equity and liabilities | 10/49 | €156,745 | €136,270 | -€20,475 | -13.1% |
| Equity | 10/15 | €73,855 | €2,500 | -€71,355 | -96.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €71,355 | - | -€71,355 | |
| Distributable reserves | 133 | €71,355 | - | -€71,355 | |
| Amounts payable | 17/49 | €82,890 | €133,770 | +€50,880 | +61.4% |
| Amounts payable after more than one year | 17 | €45,464 | €39,664 | -€5,801 | -12.8% |
| Financial debts | 170/4 | €45,464 | €39,664 | -€5,801 | -12.8% |
| Amounts payable within one year | 42/48 | €35,727 | €94,106 | +€58,379 | +163% |
| Current portion of amounts payable after more than one year | 42 | €5,703 | €5,801 | +€98 | +1.7% |
| Financial debts | 43 | €4,807 | €8,898 | +€4,091 | +85.1% |
| Credit institutions | 430/8 | €4,807 | €8,898 | +€4,091 | +85.1% |
| Trade debts | 44 | €2,895 | €1,632 | -€1,263 | -43.6% |
| Suppliers | 440/4 | €2,895 | €1,632 | -€1,263 | -43.6% |
| Taxes, remuneration and social security | 45 | €22,322 | €21,847 | -€475 | -2.1% |
| Taxes | 450/3 | €21,722 | €21,847 | +€125 | +0.6% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | - | €55,929 | +€55,929 | |
| Accrued charges and deferred income | 492/3 | €1,699 | - | -€1,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,003 | €8,799 | +€796 | +10.0% |
| Other operating charges | 640/8 | €9,423 | €932 | -€8,491 | -90.1% |
| Gross operating margin | 9900 | €134,148 | €81,031 | -€53,117 | -39.6% |
| Operating profit (loss) | 9901 | €116,722 | €71,300 | -€45,422 | -38.9% |
| Financial income | 75/76B | €22 | €87 | +€65 | +289% |
| Recurring financial income | 75 | €22 | €87 | +€65 | +289% |
| Financial charges | 65/66B | €3,468 | €3,474 | +€5 | +0.2% |
| Recurring financial charges | 65 | €3,468 | €3,474 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €113,276 | €67,913 | -€45,363 | -40.0% |
| Income taxes | 67/77 | €30,655 | €18,339 | -€12,316 | -40.2% |
| Profit (loss) for the period | 9904 | €82,621 | €49,574 | -€33,047 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,621 | €49,574 | -€33,047 | -40.0% |
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 14 October 2026 via checked.be.