Groep-JD: 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.
Groep-JD
Largest movements
- Receivables within one year -€28,248
down €28,248 (-59.9%), from €47,178 to €18,929
of which Trade receivables: -€30,563
- Cash +€9,247
up €9,247 (+24.4%), from €37,867 to €47,115
mainly Receivables within one year (+€28,248) and Net result for the year (+€7,859)
- Stocks and contracts +€3,360
up €3,360 (+8.9%), from €37,673 to €41,033
- Tangible fixed assets -€1,492
down €1,492 (-71.5%), from €2,087 to €595
- Other debts -€20,289
down €20,289 (-73.6%), from €27,567 to €7,278
- Trade debts -€14,661
down €14,661 (-46.5%), from €31,518 to €16,857
- Reserves +€7,750
up €7,750 (+126%), from €6,175 to €13,925
of which Distributable reserves: +€7,750
- Tax, wage and social debts +€6,138
up €6,138 (+465%), from €1,319 to €7,457
of which Taxes: +€4,298
- Accrued charges and deferred income +€4,025
up €4,025 (+76.7%), from €5,245 to €9,270
- Gross operating margin -€8,188
down €8,188 (-32.1%), from €25,498 to €17,311
- Write-downs -€2,601
down €2,601 (-91.5%), from €2,842 to €241
- Depreciation -€658
down €658 (-30.6%), from €2,151 to €1,492
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 | €129,044 | €112,117 | -€16,927 | -13.1% |
| Fixed assets | 21/28 | €4,187 | €2,695 | -€1,492 | -35.6% |
| Tangible fixed assets | 22/27 | €2,087 | €595 | -€1,492 | -71.5% |
| Furniture and vehicles | 24 | €2,087 | €595 | -€1,492 | -71.5% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €124,857 | €109,422 | -€15,435 | -12.4% |
| Stocks and contracts in progress | 3 | €37,673 | €41,033 | +€3,360 | +8.9% |
| Stocks | 30/36 | €37,673 | €41,033 | +€3,360 | +8.9% |
| Amounts receivable within one year | 40/41 | €47,178 | €18,929 | -€28,248 | -59.9% |
| Trade receivables | 40 | €47,178 | €16,615 | -€30,563 | -64.8% |
| Other amounts receivable | 41 | - | €2,314 | +€2,314 | |
| Cash at bank and in hand | 54/58 | €37,867 | €47,115 | +€9,247 | +24.4% |
| Deferred charges and accrued income | 490/1 | €2,139 | €2,345 | +€206 | +9.7% |
| Total equity and liabilities | 10/49 | €129,044 | €112,117 | -€16,927 | -13.1% |
| Equity | 10/15 | €63,395 | €71,255 | +€7,859 | +12.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,175 | €13,925 | +€7,750 | +126% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,925 | €5,925 | = | 0.0% |
| Distributable reserves | 133 | - | €7,750 | +€7,750 | |
| Profit (loss) carried forward | 14 | €54,720 | €54,830 | +€109 | +0.2% |
| Amounts payable | 17/49 | €65,649 | €40,862 | -€24,786 | -37.8% |
| Amounts payable within one year | 42/48 | €60,404 | €31,592 | -€28,812 | -47.7% |
| Trade debts | 44 | €31,518 | €16,857 | -€14,661 | -46.5% |
| Suppliers | 440/4 | €31,518 | €16,857 | -€14,661 | -46.5% |
| Taxes, remuneration and social security | 45 | €1,319 | €7,457 | +€6,138 | +465% |
| Taxes | 450/3 | €1,319 | €5,617 | +€4,298 | +326% |
| Remuneration and social security | 454/9 | - | €1,841 | +€1,841 | |
| Other amounts payable | 47/48 | €27,567 | €7,278 | -€20,289 | -73.6% |
| Accrued charges and deferred income | 492/3 | €5,245 | €9,270 | +€4,025 | +76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,151 | €1,492 | -€658 | -30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,842 | €241 | -€2,601 | -91.5% |
| Other operating charges | 640/8 | €1,893 | €1,963 | +€70 | +3.7% |
| Gross operating margin | 9900 | €25,498 | €17,311 | -€8,188 | -32.1% |
| Operating profit (loss) | 9901 | €18,613 | €13,615 | -€4,998 | -26.9% |
| Financial income | 75/76B | €98 | €49 | -€48 | -49.3% |
| Recurring financial income | 75 | €98 | €49 | -€48 | -49.3% |
| Financial charges | 65/66B | €409 | €401 | -€8 | -1.9% |
| Recurring financial charges | 65 | €409 | €401 | -€8 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €18,301 | €13,263 | -€5,039 | -27.5% |
| Income taxes | 67/77 | €5,576 | €5,404 | -€173 | -3.1% |
| Profit (loss) for the period | 9904 | €12,725 | €7,859 | -€4,866 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,725 | €7,859 | -€4,866 | -38.2% |
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.