JD-A: 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.
JD-A
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€59,304
down €59,304 (-39.0%), from €151,875 to €92,571
mainly Contributions, distributions and other (-€106,230) and Current investments (-€80,000)
- Tangible fixed assets -€4,243
down €4,243 (-43.0%), from €9,876 to €5,633
of which Furniture and vehicles: -€4,056
- Other debts +€102,070
up €102,070 (+472%), from €21,639 to €123,709
- Profit (loss) carried forward -€69,226
down €69,226 (-59.2%), from €116,986 to €47,760
- Tax, wage and social debts -€15,697
down €15,697 (-70.3%), from €22,319 to €6,622
of which Taxes: -€15,697
- Gross operating margin +€4,418
up €4,418 (+9.3%), from €47,661 to €52,079
- Taxes -€2,724
down €2,724 (-21.6%), from €12,640 to €9,916
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 | €163,464 | €181,782 | +€18,318 | +11.2% |
| Fixed assets | 21/28 | €9,876 | €5,633 | -€4,243 | -43.0% |
| Tangible fixed assets | 22/27 | €9,876 | €5,633 | -€4,243 | -43.0% |
| Plant, machinery and equipment | 23 | €359 | €171 | -€188 | -52.3% |
| Furniture and vehicles | 24 | €9,518 | €5,462 | -€4,056 | -42.6% |
| Current assets | 29/58 | €153,588 | €176,149 | +€22,561 | +14.7% |
| Amounts receivable within one year | 40/41 | €0 | €1,754 | +€1,754 | |
| Trade receivables | 40 | €0 | €1,170 | +€1,170 | |
| Other amounts receivable | 41 | €0 | €584 | +€584 | |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €151,875 | €92,571 | -€59,304 | -39.0% |
| Deferred charges and accrued income | 490/1 | €1,713 | €1,824 | +€111 | +6.5% |
| Total equity and liabilities | 10/49 | €163,464 | €181,782 | +€18,318 | +11.2% |
| Equity | 10/15 | €118,486 | €49,260 | -€69,226 | -58.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,986 | €47,760 | -€69,226 | -59.2% |
| Amounts payable | 17/49 | €44,978 | €132,522 | +€87,544 | +195% |
| Amounts payable within one year | 42/48 | €44,978 | €132,522 | +€87,544 | +195% |
| Trade debts | 44 | €1,019 | €2,191 | +€1,171 | +115% |
| Suppliers | 440/4 | €1,019 | €2,191 | +€1,171 | +115% |
| Taxes, remuneration and social security | 45 | €22,319 | €6,622 | -€15,697 | -70.3% |
| Taxes | 450/3 | €22,319 | €6,622 | -€15,697 | -70.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €21,639 | €123,709 | +€102,070 | +472% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,257 | €4,243 | -€14 | -0.3% |
| Other operating charges | 640/8 | €740 | €762 | +€23 | +3.1% |
| Gross operating margin | 9900 | €47,661 | €52,079 | +€4,418 | +9.3% |
| Operating profit (loss) | 9901 | €42,664 | €47,073 | +€4,409 | +10.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €520 | €154 | -€366 | -70.4% |
| Recurring financial charges | 65 | €520 | €154 | -€366 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €42,144 | €46,920 | +€4,776 | +11.3% |
| Income taxes | 67/77 | €12,640 | €9,916 | -€2,724 | -21.6% |
| Profit (loss) for the period | 9904 | €29,504 | €37,004 | +€7,500 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,504 | €37,004 | +€7,500 | +25.4% |
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 18 October 2026 via checked.be.