JED: 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.
JED
Largest movements
- Receivables within one year -€3,196
down €3,196 (-2.3%), from €137,116 to €133,921
- Reserves -€25,000
down €25,000 (-18.3%), from €136,300 to €111,300
- Profit (loss) carried forward +€20,950
up €20,950, from -€20,493 to €457
- Write-downs -€15,000
no longer reported in 2025 (was €15,000)
- Gross operating margin +€2,708
up €2,708 (+30.3%), from -€8,940 to -€6,232
- Financial income -€1,124
down €1,124 (-22.1%), from €5,082 to €3,958
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 | €140,967 | €137,338 | -€3,628 | -2.6% |
| Fixed assets | 21/28 | €2,259 | €1,286 | -€972 | -43.1% |
| Tangible fixed assets | 22/27 | €2,259 | €1,286 | -€972 | -43.1% |
| Furniture and vehicles | 24 | €2,259 | €1,286 | -€972 | -43.1% |
| Current assets | 29/58 | €138,708 | €136,052 | -€2,656 | -1.9% |
| Amounts receivable within one year | 40/41 | €137,116 | €133,921 | -€3,196 | -2.3% |
| Other amounts receivable | 41 | €137,116 | €133,921 | -€3,196 | -2.3% |
| Cash at bank and in hand | 54/58 | €1,548 | €2,101 | +€553 | +35.7% |
| Deferred charges and accrued income | 490/1 | €44 | €30 | -€13 | -30.5% |
| Total equity and liabilities | 10/49 | €140,967 | €137,338 | -€3,628 | -2.6% |
| Equity | 10/15 | €136,807 | €132,757 | -€4,050 | -3.0% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €136,300 | €111,300 | -€25,000 | -18.3% |
| Distributable reserves | 133 | €136,300 | €111,300 | -€25,000 | -18.3% |
| Profit (loss) carried forward | 14 | -€20,493 | €457 | +€20,950 | |
| Amounts payable | 17/49 | €4,160 | €4,581 | +€421 | +10.1% |
| Amounts payable within one year | 42/48 | €4,160 | €4,581 | +€421 | +10.1% |
| Financial debts | 43 | €468 | - | -€468 | |
| Credit institutions | 430/8 | €468 | - | -€468 | |
| Trade debts | 44 | €395 | €1,284 | +€889 | +225% |
| Suppliers | 440/4 | €395 | €1,284 | +€889 | +225% |
| Taxes, remuneration and social security | 45 | €3,297 | €3,297 | = | 0.0% |
| Taxes | 450/3 | €3,297 | €3,297 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €972 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | - | -€15,000 | |
| Other operating charges | 640/8 | €601 | €663 | +€62 | +10.2% |
| Gross operating margin | 9900 | -€8,940 | -€6,232 | +€2,708 | +30.3% |
| Operating profit (loss) | 9901 | -€25,514 | -€7,868 | +€17,647 | +69.2% |
| Financial income | 75/76B | €5,082 | €3,958 | -€1,124 | -22.1% |
| Recurring financial income | 75 | €5,082 | €3,958 | -€1,124 | -22.1% |
| Financial charges | 65/66B | €216 | €140 | -€76 | -35.3% |
| Recurring financial charges | 65 | €216 | €140 | -€76 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,649 | -€4,050 | +€16,599 | +80.4% |
| Income taxes | 67/77 | -€83 | - | +€83 | |
| Profit (loss) for the period | 9904 | -€20,566 | -€4,050 | +€16,517 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,566 | -€4,050 | +€16,517 | +80.3% |
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 25 October 2026 via checked.be.