SJDB: 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.
SJDB
Largest movements
- Cash +€33,928
up €33,928 (+55.9%), from €60,720 to €94,648
mainly Net result for the year (+€59,045) and Receivables within one year (+€30,436)
- Receivables within one year -€30,436
down €30,436 (-96.4%), from €31,565 to €1,128
of which Trade receivables: -€31,439
- Deferred charges and accrued income -€1,824
down €1,824 (-17.7%), from €10,311 to €8,487
- Profit (loss) carried forward +€34,045
up €34,045 (+214%), from €15,915 to €49,960
- Other debts -€33,310
down €33,310 (-54.0%), from €61,706 to €28,396
- Gross operating margin -€6,159
down €6,159 (-7.2%), from €85,427 to €79,267
- Depreciation -€4,627
down €4,627 (-63.5%), from €7,288 to €2,661
- Financial charges +€908
up €908 (+890%), from €102 to €1,010
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 | €110,094 | €111,198 | +€1,104 | +1.0% |
| Fixed assets | 21/28 | €7,499 | €6,935 | -€564 | -7.5% |
| Tangible fixed assets | 22/27 | €7,499 | €6,935 | -€564 | -7.5% |
| Land and buildings | 22 | €4,977 | €4,202 | -€775 | -15.6% |
| Furniture and vehicles | 24 | €2,522 | €2,733 | +€211 | +8.4% |
| Current assets | 29/58 | €102,595 | €104,263 | +€1,668 | +1.6% |
| Amounts receivable within one year | 40/41 | €31,565 | €1,128 | -€30,436 | -96.4% |
| Trade receivables | 40 | €31,439 | €0 | -€31,439 | -100% |
| Other amounts receivable | 41 | €126 | €1,128 | +€1,002 | +798% |
| Cash at bank and in hand | 54/58 | €60,720 | €94,648 | +€33,928 | +55.9% |
| Deferred charges and accrued income | 490/1 | €10,311 | €8,487 | -€1,824 | -17.7% |
| Total equity and liabilities | 10/49 | €110,094 | €111,198 | +€1,104 | +1.0% |
| Equity | 10/15 | €36,375 | €70,420 | +€34,045 | +93.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,915 | €49,960 | +€34,045 | +214% |
| Amounts payable | 17/49 | €73,719 | €40,778 | -€32,941 | -44.7% |
| Amounts payable within one year | 42/48 | €73,719 | €40,778 | -€32,941 | -44.7% |
| Financial debts | 43 | €1,243 | €320 | -€923 | -74.3% |
| Credit institutions | 430/8 | €1,243 | €320 | -€923 | -74.3% |
| Trade debts | 44 | €1,857 | €2,621 | +€765 | +41.2% |
| Suppliers | 440/4 | €1,857 | €2,621 | +€765 | +41.2% |
| Taxes, remuneration and social security | 45 | €8,914 | €9,440 | +€527 | +5.9% |
| Taxes | 450/3 | €8,914 | €9,440 | +€527 | +5.9% |
| Other amounts payable | 47/48 | €61,706 | €28,396 | -€33,310 | -54.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,288 | €2,661 | -€4,627 | -63.5% |
| Other operating charges | 640/8 | €1,185 | €1,101 | -€84 | -7.1% |
| Gross operating margin | 9900 | €85,427 | €79,267 | -€6,159 | -7.2% |
| Operating profit (loss) | 9901 | €76,954 | €75,506 | -€1,448 | -1.9% |
| Financial income | 75/76B | €489 | €807 | +€318 | +65.1% |
| Recurring financial income | 75 | €489 | €807 | +€318 | +65.1% |
| Financial charges | 65/66B | €102 | €1,010 | +€908 | +890% |
| Recurring financial charges | 65 | €102 | €1,010 | +€908 | +890% |
| Profit (loss) for the period before taxes | 9903 | €77,341 | €75,303 | -€2,038 | -2.6% |
| Income taxes | 67/77 | €17,021 | €16,258 | -€763 | -4.5% |
| Profit (loss) for the period | 9904 | €60,320 | €59,045 | -€1,275 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,320 | €59,045 | -€1,275 | -2.1% |
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 26 October 2026 via checked.be.