GJD Holding: what changed
What changed
GJD Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€25,834
2024 · €134,000-€108,166
Equity
€1.3m
2024 · €1.3m-€49,065
Cash
€767
2024 · €826-€59
Balance sheet total
€2.1m
2024 · €2.1m-€25,191
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€123,644
up €123,644 (+261%), from €47,380 to €171,024
- Debts after one year -€49,949
down €49,949 (-8.2%), from €607,998 to €558,050
of which Financial debts: -€49,949
- Reserves -€49,065
down €49,065 (-6.7%), from €735,031 to €685,966
of which Distributable reserves: -€49,065
- Current portion of long-term debt -€30,308
down €30,308 (-37.8%), from €80,256 to €49,949
- Tax, wage and social debts -€24,811
down €24,811 (-34.7%), from €71,532 to €46,721
Income statement
- Gross operating margin -€68,186
down €68,186 (-46.4%), from €147,003 to €78,817
- Write-downs +€56,515
up €56,515, from -€56,515 to €0
- Other operating charges -€51,568
down €51,568 (-96.9%), from €53,231 to €1,663
- Financial income -€48,948
down €48,948 (-84.3%), from €58,056 to €9,109
- Taxes -€28,357
down €28,357 (-73.3%), from €38,679 to €10,323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€134,000
Gross operating margin
-€68,186
Write-downs
-€56,515
Other operating charges
+€51,568
Other operating items
-€18,436
Financial income
-€48,948
Financial charges
+€3,995
Taxes
+€28,357
Result 2025
€25,834
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,096
Investment
€0
Financing
-€155,155
Cash 2024
€826
From operations (derived)
+€155,096
Net result for the year
+€25,834
Depreciation
+€6,840
Receivables within one year
+€18,292
Trade debts
-€6,702
Tax, wage and social debts
-€24,811
Other debts
+€123,644
Accrued charges and deferred income
+€12,000
Financing
-€155,155
Debts after one year
-€49,949
Current portion of long-term debt
-€30,308
Contributions, distributions and other
-€74,898
Cash 2025
€767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,126,947 | €2,101,757 | -€25,191 | -1.2% |
| Fixed assets | 21/28 | €1,975,080 | €1,968,240 | -€6,840 | -0.3% |
| Tangible fixed assets | 22/27 | €23,262 | €16,422 | -€6,840 | -29.4% |
| Furniture and vehicles | 24 | €23,262 | €16,422 | -€6,840 | -29.4% |
| Financial fixed assets | 28 | €1,951,818 | €1,951,818 | = | 0.0% |
| Current assets | 29/58 | €151,867 | €133,517 | -€18,350 | -12.1% |
| Amounts receivable within one year | 40/41 | €151,042 | €132,750 | -€18,292 | -12.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €151,042 | €132,750 | -€18,292 | -12.1% |
| Cash at bank and in hand | 54/58 | €826 | €767 | -€59 | -7.1% |
| Total equity and liabilities | 10/49 | €2,126,947 | €2,101,757 | -€25,191 | -1.2% |
| Equity | 10/15 | €1,312,048 | €1,262,984 | -€49,065 | -3.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €735,031 | €685,966 | -€49,065 | -6.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €725,031 | €675,966 | -€49,065 | -6.8% |
| Profit (loss) carried forward | 14 | €477,018 | €477,018 | = | 0.0% |
| Amounts payable | 17/49 | €814,899 | €838,773 | +€23,874 | +2.9% |
| Amounts payable after more than one year | 17 | €607,998 | €558,050 | -€49,949 | -8.2% |
| Financial debts | 170/4 | €207,998 | €158,050 | -€49,949 | -24.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €206,901 | €268,723 | +€61,823 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €80,256 | €49,949 | -€30,308 | -37.8% |
| Trade debts | 44 | €7,732 | €1,029 | -€6,702 | -86.7% |
| Suppliers | 440/4 | €7,732 | €1,029 | -€6,702 | -86.7% |
| Taxes, remuneration and social security | 45 | €71,532 | €46,721 | -€24,811 | -34.7% |
| Taxes | 450/3 | €71,532 | €46,721 | -€24,811 | -34.7% |
| Other amounts payable | 47/48 | €47,380 | €171,024 | +€123,644 | +261% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,840 | €6,840 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,515 | €0 | +€56,515 | |
| Other operating charges | 640/8 | €53,231 | €1,663 | -€51,568 | -96.9% |
| Non-recurring operating charges | 66A | - | €18,436 | +€18,436 | |
| Gross operating margin | 9900 | €147,003 | €78,817 | -€68,186 | -46.4% |
| Operating profit (loss) | 9901 | €143,447 | €51,877 | -€91,570 | -63.8% |
| Financial income | 75/76B | €58,056 | €9,109 | -€48,948 | -84.3% |
| Recurring financial income | 75 | €58,056 | €9,109 | -€48,948 | -84.3% |
| Financial charges | 65/66B | €28,824 | €24,829 | -€3,995 | -13.9% |
| Recurring financial charges | 65 | €28,824 | €24,829 | -€3,995 | -13.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €172,679 | €36,156 | -€136,523 | -79.1% |
| Income taxes | 67/77 | €38,679 | €10,323 | -€28,357 | -73.3% |
| Profit (loss) for the period | 9904 | €134,000 | €25,834 | -€108,166 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,000 | €25,834 | -€108,166 | -80.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.