JND LOGIC: 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.
JND LOGIC
Largest movements
- Cash +€6,920
up €6,920 (+97.8%), from €7,072 to €13,992
mainly Depreciation (+€8,525) and Other debts (+€6,619)
- Tangible fixed assets -€5,995
down €5,995 (-21.9%), from €27,419 to €21,424
of which Plant, machinery and equipment: -€4,759
- Receivables within one year -€2,054
down €2,054 (-8.1%), from €25,278 to €23,224
of which Trade receivables: -€10,351
- Other debts +€6,619
up €6,619 (+1738.7%), from €381 to €7,000
- Trade debts -€6,026
down €6,026 (-54.2%), from €11,124 to €5,098
- Tax, wage and social debts -€1,310
down €1,310 (-20.9%), from €6,257 to €4,947
- Gross operating margin -€7,423
down €7,423 (-26.0%), from €28,552 to €21,129
- Write-downs -€3,364
down €3,364 (-100.0%), from €3,364 to €0
- Taxes -€1,310
down €1,310 (-20.9%), from €6,257 to €4,947
- Depreciation +€543
up €543 (+6.8%), from €7,982 to €8,525
- Financial charges +€326
up €326 (+148.2%), from €220 to €545
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 | €60,216 | €59,100 | -€1,116 | -1.9% |
| Fixed assets | 21/28 | €27,419 | €21,424 | -€5,995 | -21.9% |
| Tangible fixed assets | 22/27 | €27,419 | €21,424 | -€5,995 | -21.9% |
| Plant, machinery and equipment | 23 | €18,516 | €13,757 | -€4,759 | -25.7% |
| Furniture and vehicles | 24 | €2,249 | €1,749 | -€501 | -22.3% |
| Other tangible fixed assets | 26 | €6,654 | €5,919 | -€736 | -11.1% |
| Current assets | 29/58 | €32,796 | €37,675 | +€4,879 | +14.9% |
| Amounts receivable within one year | 40/41 | €25,278 | €23,224 | -€2,054 | -8.1% |
| Trade receivables | 40 | €20,884 | €10,533 | -€10,351 | -49.6% |
| Other amounts receivable | 41 | €4,394 | €12,691 | +€8,297 | +188.8% |
| Cash at bank and in hand | 54/58 | €7,072 | €13,992 | +€6,920 | +97.8% |
| Deferred charges and accrued income | 490/1 | €446 | €459 | +€13 | +3.0% |
| Total equity and liabilities | 10/49 | €60,216 | €59,100 | -€1,116 | -1.9% |
| Equity | 10/15 | €42,455 | €42,055 | -€400 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,000 | €33,600 | -€400 | -1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €0 | -€7,000 | -100.0% |
| Distributable reserves | 133 | €25,140 | €31,740 | +€6,600 | +26.3% |
| Profit (loss) carried forward | 14 | €2,255 | €2,255 | = | 0.0% |
| Amounts payable | 17/49 | €17,761 | €17,045 | -€716 | -4.0% |
| Amounts payable within one year | 42/48 | €17,761 | €17,045 | -€716 | -4.0% |
| Trade debts | 44 | €11,124 | €5,098 | -€6,026 | -54.2% |
| Suppliers | 440/4 | €11,124 | €5,098 | -€6,026 | -54.2% |
| Taxes, remuneration and social security | 45 | €6,257 | €4,947 | -€1,310 | -20.9% |
| Taxes | 450/3 | €6,257 | €4,947 | -€1,310 | -20.9% |
| Other amounts payable | 47/48 | €381 | €7,000 | +€6,619 | +1738.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,982 | €8,525 | +€543 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,364 | €0 | -€3,364 | -100.0% |
| Other operating charges | 640/8 | €493 | €511 | +€18 | +3.6% |
| Gross operating margin | 9900 | €28,552 | €21,129 | -€7,423 | -26.0% |
| Operating profit (loss) | 9901 | €16,713 | €12,093 | -€4,621 | -27.6% |
| Financial income | 75/76B | €30 | €0 | -€30 | -99.9% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.9% |
| Financial charges | 65/66B | €220 | €545 | +€326 | +148.2% |
| Recurring financial charges | 65 | €220 | €545 | +€326 | +148.2% |
| Profit (loss) for the period before taxes | 9903 | €16,524 | €11,547 | -€4,977 | -30.1% |
| Income taxes | 67/77 | €6,257 | €4,947 | -€1,310 | -20.9% |
| Profit (loss) for the period | 9904 | €10,267 | €6,600 | -€3,667 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,267 | €6,600 | -€3,667 | -35.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.