JDP12: 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.
JDP12
Largest movements
- Stocks and contracts -€3.6m
down €3.6m (-49.2%), from €7.3m to €3.7m
- Cash -€2.0m
down €2.0m (-78.3%), from €2.6m to €554,898
mainly Short-term financial debts (-€3.6m) and Accrued charges and deferred income (-€1.9m)
- Deferred charges and accrued income +€189,243
new in 2025: €189,243
- Short-term financial debts -€3.6m
down €3.6m (-100%), from €3.6m to €0
- Accrued charges and deferred income -€1.9m
down €1.9m (-100%), from €1.9m to €0
- Trade debts -€368,129
down €368,129 (-24.0%), from €1.5m to €1.2m
- Profit (loss) carried forward +€307,848
up €307,848 (+60.2%), from -€511,616 to -€203,768
- Other debts +€300,000
up €300,000 (+12.0%), from €2.5m to €2.8m
- Financial charges -€167,522
down €167,522 (-43.7%), from €383,006 to €215,484
- Gross operating margin +€88,814
up €88,814 (+20.4%), from €435,583 to €524,397
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 | €10,180,486 | €4,741,467 | -€5.4m | -53.4% |
| Current assets | 29/58 | €10,180,486 | €4,741,467 | -€5.4m | -53.4% |
| Stocks and contracts in progress | 3 | €7,297,526 | €3,709,614 | -€3.6m | -49.2% |
| Stocks | 30/36 | €7,297,526 | €3,709,614 | -€3.6m | -49.2% |
| Amounts receivable within one year | 40/41 | €328,411 | €287,712 | -€40,699 | -12.4% |
| Trade receivables | 40 | €328,411 | €287,712 | -€40,699 | -12.4% |
| Cash at bank and in hand | 54/58 | €2,554,548 | €554,898 | -€2.0m | -78.3% |
| Deferred charges and accrued income | 490/1 | - | €189,243 | +€189,243 | |
| Total equity and liabilities | 10/49 | €10,180,486 | €4,741,467 | -€5.4m | -53.4% |
| Equity | 10/15 | €388,384 | €696,232 | +€307,848 | +79.3% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,616 | -€203,768 | +€307,848 | +60.2% |
| Amounts payable | 17/49 | €9,792,102 | €4,045,235 | -€5.7m | -58.7% |
| Amounts payable within one year | 42/48 | €7,887,872 | €4,045,235 | -€3.8m | -48.7% |
| Financial debts | 43 | €3,607,695 | €0 | -€3.6m | -100% |
| Credit institutions | 430/8 | €3,607,695 | €0 | -€3.6m | -100% |
| Trade debts | 44 | €1,534,653 | €1,166,524 | -€368,129 | -24.0% |
| Suppliers | 440/4 | €1,534,653 | €1,166,524 | -€368,129 | -24.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €240,514 | €73,700 | -€166,813 | -69.4% |
| Taxes | 450/3 | €240,514 | €73,700 | -€166,813 | -69.4% |
| Other amounts payable | 47/48 | €2,505,010 | €2,805,010 | +€300,000 | +12.0% |
| Accrued charges and deferred income | 492/3 | €1,904,229 | €0 | -€1.9m | -100% |
| Other operating charges | 640/8 | €1,120 | €1,065 | -€54 | -4.9% |
| Gross operating margin | 9900 | €435,583 | €524,397 | +€88,814 | +20.4% |
| Operating profit (loss) | 9901 | €434,464 | €523,332 | +€88,869 | +20.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €383,006 | €215,484 | -€167,522 | -43.7% |
| Recurring financial charges | 65 | €383,006 | €215,484 | -€167,522 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €51,458 | €307,848 | +€256,390 | +498% |
| Profit (loss) for the period | 9904 | €51,458 | €307,848 | +€256,390 | +498% |
| Profit (loss) for the period to be appropriated | 9905 | €51,458 | €307,848 | +€256,390 | +498% |
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 29 October 2026 via checked.be.