GJDR: what changed
Two fiscal 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.
GJDR
Largest movements
- Receivables within one year -€22,036
down €22,036 (-90.2%), from €24,423 to €2,388
- Intangible fixed assets -€8,300
down €8,300 (-23.1%), from €35,967 to €27,667
- Tangible fixed assets -€7,821
down €7,821 (-18.1%), from €43,136 to €35,315
of which Other tangible fixed assets: -€4,291
- Cash +€1,350
up €1,350 (+25.1%), from €5,388 to €6,739
mainly Receivables within one year (+€22,036) and Depreciation (+€18,587)
- Trade debts -€17,815
down €17,815 (-95.4%), from €18,678 to €863
- Other debts -€9,819
down €9,819 (-15.7%), from €62,659 to €52,840
- Profit (loss) carried forward -€5,658
down €5,658 (-34.9%), from -€16,199 to -€21,858
- Debts after one year -€4,029
down €4,029 (-15.2%), from €26,489 to €22,460
- Gross operating margin +€12,163
up €12,163 (+248.1%), from €4,904 to €17,067
- Other operating charges +€2,457
up €2,457 (+634.4%), from €387 to €2,845
- Taxes +€502
up €502 (+301.7%), from €167 to €669
- Depreciation +€465
up €465 (+2.6%), from €18,122 to €18,587
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 | €108,914 | €72,108 | -€36,806 | -33.8% |
| Fixed assets | 21/28 | €79,103 | €62,982 | -€16,121 | -20.4% |
| Intangible fixed assets | 21 | €35,967 | €27,667 | -€8,300 | -23.1% |
| Tangible fixed assets | 22/27 | €43,136 | €35,315 | -€7,821 | -18.1% |
| Plant, machinery and equipment | 23 | €4,941 | €3,819 | -€1,122 | -22.7% |
| Furniture and vehicles | 24 | €6,027 | €3,619 | -€2,408 | -40.0% |
| Other tangible fixed assets | 26 | €32,167 | €27,877 | -€4,291 | -13.3% |
| Current assets | 29/58 | €29,812 | €9,126 | -€20,685 | -69.4% |
| Amounts receivable within one year | 40/41 | €24,423 | €2,388 | -€22,036 | -90.2% |
| Trade receivables | 40 | €24,423 | €2,388 | -€22,036 | -90.2% |
| Cash at bank and in hand | 54/58 | €5,388 | €6,739 | +€1,350 | +25.1% |
| Total equity and liabilities | 10/49 | €108,914 | €72,108 | -€36,806 | -33.8% |
| Equity | 10/15 | -€3,050 | -€8,709 | -€5,658 | -185.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €749 | €749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €749 | €749 | = | 0.0% |
| Reserves not available under the articles | 1311 | €749 | €749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,199 | -€21,858 | -€5,658 | -34.9% |
| Amounts payable | 17/49 | €111,965 | €80,817 | -€31,148 | -27.8% |
| Amounts payable after more than one year | 17 | €26,489 | €22,460 | -€4,029 | -15.2% |
| Financial debts | 170/4 | €26,489 | €22,460 | -€4,029 | -15.2% |
| Amounts payable within one year | 42/48 | €85,475 | €57,957 | -€27,519 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €3,798 | €3,881 | +€83 | +2.2% |
| Financial debts | 43 | €43 | - | -€43 | |
| Credit institutions | 430/8 | €43 | - | -€43 | |
| Trade debts | 44 | €18,678 | €863 | -€17,815 | -95.4% |
| Suppliers | 440/4 | €18,678 | €863 | -€17,815 | -95.4% |
| Taxes, remuneration and social security | 45 | €298 | €373 | +€75 | +25.0% |
| Taxes | 450/3 | €298 | €373 | +€75 | +25.0% |
| Other amounts payable | 47/48 | €62,659 | €52,840 | -€9,819 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,122 | €18,587 | +€465 | +2.6% |
| Other operating charges | 640/8 | €387 | €2,845 | +€2,457 | +634.4% |
| Gross operating margin | 9900 | €4,904 | €17,067 | +€12,163 | +248.1% |
| Operating profit (loss) | 9901 | -€13,606 | -€4,365 | +€9,241 | +67.9% |
| Financial charges | 65/66B | €747 | €624 | -€123 | -16.4% |
| Recurring financial charges | 65 | €747 | €624 | -€123 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,353 | -€4,989 | +€9,364 | +65.2% |
| Income taxes | 67/77 | €167 | €669 | +€502 | +301.7% |
| Profit (loss) for the period | 9904 | -€14,520 | -€5,658 | +€8,861 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,520 | -€5,658 | +€8,861 | +61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.