ZJD: 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.
ZJD
Largest movements
- Receivables within one year -€34,549
down €34,549 (-99.3%), from €34,783 to €234
of which Trade receivables: -€34,446
- Tangible fixed assets +€15,057
up €15,057 (+193%), from €7,784 to €22,841
of which Furniture and vehicles: +€16,760
- Cash +€10,801
up €10,801 (+339%), from €3,186 to €13,987
mainly Receivables within one year (+€34,549) and Net result for the year (+€26,870)
- Intangible fixed assets -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Stocks and contracts -€1,757
down €1,757 (-65.1%), from €2,700 to €943
- Advances received -€36,479
no longer reported in 2025 (was €36,479)
- Profit (loss) carried forward +€26,870
up €26,870 (+8.7%), from -€308,252 to -€281,382
- Tax, wage and social debts +€6,076
up €6,076 (+163%), from €3,718 to €9,794
of which Taxes: +€3,374
- Other debts -€3,728
down €3,728 (-12.3%), from €30,217 to €26,489
- Current portion of long-term debt -€3,661
no longer reported in 2025 (was €3,661)
- Gross operating margin +€13,445
up €13,445 (+33.6%), from €40,015 to €53,460
- Depreciation -€5,263
down €5,263 (-42.3%), from €12,450 to €7,187
- Staff costs +€4,652
up €4,652 (+43.0%), from €10,823 to €15,475
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 | €75,919 | €62,512 | -€13,407 | -17.7% |
| Fixed assets | 21/28 | €35,250 | €47,307 | +€12,057 | +34.2% |
| Intangible fixed assets | 21 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Tangible fixed assets | 22/27 | €7,784 | €22,841 | +€15,057 | +193% |
| Plant, machinery and equipment | 23 | - | €839 | +€839 | |
| Furniture and vehicles | 24 | €2,117 | €18,877 | +€16,760 | +792% |
| Other tangible fixed assets | 26 | €5,667 | €3,125 | -€2,542 | -44.9% |
| Financial fixed assets | 28 | €15,466 | €15,466 | = | 0.0% |
| Current assets | 29/58 | €40,669 | €15,205 | -€25,464 | -62.6% |
| Stocks and contracts in progress | 3 | €2,700 | €943 | -€1,757 | -65.1% |
| Stocks | 30/36 | €2,700 | €943 | -€1,757 | -65.1% |
| Amounts receivable within one year | 40/41 | €34,783 | €234 | -€34,549 | -99.3% |
| Trade receivables | 40 | €34,455 | €9 | -€34,446 | -100.0% |
| Other amounts receivable | 41 | €328 | €225 | -€103 | -31.4% |
| Cash at bank and in hand | 54/58 | €3,186 | €13,987 | +€10,801 | +339% |
| Deferred charges and accrued income | 490/1 | - | €41 | +€41 | |
| Total equity and liabilities | 10/49 | €75,919 | €62,512 | -€13,407 | -17.7% |
| Equity | 10/15 | -€8,252 | €18,618 | +€26,870 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,252 | -€281,382 | +€26,870 | +8.7% |
| Amounts payable | 17/49 | €84,171 | €43,894 | -€40,277 | -47.9% |
| Amounts payable within one year | 42/48 | €83,071 | €42,755 | -€40,316 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €3,661 | - | -€3,661 | |
| Trade debts | 44 | €8,996 | €6,472 | -€2,524 | -28.1% |
| Suppliers | 440/4 | €8,996 | €6,472 | -€2,524 | -28.1% |
| Advances received on contracts in progress | 46 | €36,479 | - | -€36,479 | |
| Taxes, remuneration and social security | 45 | €3,718 | €9,794 | +€6,076 | +163% |
| Taxes | 450/3 | €272 | €3,646 | +€3,374 | +1,240% |
| Remuneration and social security | 454/9 | €3,446 | €6,148 | +€2,702 | +78.4% |
| Other amounts payable | 47/48 | €30,217 | €26,489 | -€3,728 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,139 | +€39 | +3.5% |
| Remuneration, social security and pensions | 62 | €10,823 | €15,475 | +€4,652 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,450 | €7,187 | -€5,263 | -42.3% |
| Other operating charges | 640/8 | €3,608 | €3,638 | +€30 | +0.8% |
| Gross operating margin | 9900 | €40,015 | €53,460 | +€13,445 | +33.6% |
| Operating profit (loss) | 9901 | €13,134 | €27,160 | +€14,026 | +107% |
| Financial income | 75/76B | €1,109 | €1,210 | +€101 | +9.1% |
| Recurring financial income | 75 | €109 | €1,210 | +€1,101 | +1,010% |
| Non-recurring financial income | 76B | €1,000 | €1,210 | +€210 | +21.0% |
| Financial charges | 65/66B | €1,534 | €1,500 | -€34 | -2.2% |
| Recurring financial charges | 65 | €1,534 | €1,500 | -€34 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €12,709 | €26,870 | +€14,161 | +111% |
| Profit (loss) for the period | 9904 | €12,709 | €26,870 | +€14,161 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €12,709 | €26,870 | +€14,161 | +111% |
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 16 October 2026 via checked.be.