Grondwerken JSD: 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.
Grondwerken JSD
Largest movements
- Tangible fixed assets -€82,909
down €82,909 (-37.8%), from €219,454 to €136,545
of which Leasing and similar rights: -€76,168
- Receivables within one year +€21,720
up €21,720 (+48.3%), from €44,964 to €66,685
of which Trade receivables: +€16,800
- Cash -€20,459
down €20,459 (-69.9%), from €29,249 to €8,789
mainly Debts after one year (-€52,256) and Current portion of long-term debt (-€24,010)
- Debts after one year -€52,256
down €52,256 (-38.8%), from €134,544 to €82,288
- Current portion of long-term debt -€24,010
down €24,010 (-31.5%), from €76,267 to €52,256
- Reserves -€16,499
down €16,499 (-21.8%), from €75,591 to €59,092
- Other debts +€16,090
up €16,090 (+1,339%), from €1,201 to €17,291
- Trade debts -€8,186
down €8,186 (-45.0%), from €18,177 to €9,991
- Gross operating margin -€11,555
down €11,555 (-10.4%), from €110,608 to €99,053
- Staff costs -€9,891
down €9,891 (-100%), from €9,891 to €0
- Other operating charges -€5,017
down €5,017 (-52.9%), from €9,487 to €4,470
- Financial charges -€2,534
down €2,534 (-22.1%), from €11,472 to €8,938
- Depreciation -€1,336
down €1,336 (-1.6%), from €83,315 to €81,979
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 | €311,091 | €227,130 | -€83,961 | -27.0% |
| Fixed assets | 21/28 | €219,964 | €136,920 | -€83,044 | -37.8% |
| Tangible fixed assets | 22/27 | €219,454 | €136,545 | -€82,909 | -37.8% |
| Plant, machinery and equipment | 23 | €1,076 | €577 | -€500 | -46.4% |
| Furniture and vehicles | 24 | €8,606 | €3,285 | -€5,322 | -61.8% |
| Leasing and similar rights | 25 | €207,221 | €131,053 | -€76,168 | -36.8% |
| Other tangible fixed assets | 26 | €2,550 | €1,630 | -€920 | -36.1% |
| Financial fixed assets | 28 | €510 | €375 | -€135 | -26.5% |
| Current assets | 29/58 | €91,127 | €90,211 | -€917 | -1.0% |
| Amounts receivable within one year | 40/41 | €44,964 | €66,685 | +€21,720 | +48.3% |
| Trade receivables | 40 | €38,570 | €55,370 | +€16,800 | +43.6% |
| Other amounts receivable | 41 | €6,394 | €11,314 | +€4,920 | +76.9% |
| Cash at bank and in hand | 54/58 | €29,249 | €8,789 | -€20,459 | -69.9% |
| Deferred charges and accrued income | 490/1 | €16,915 | €14,737 | -€2,178 | -12.9% |
| Total equity and liabilities | 10/49 | €311,091 | €227,130 | -€83,961 | -27.0% |
| Equity | 10/15 | €78,091 | €61,592 | -€16,499 | -21.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €75,591 | €59,092 | -€16,499 | -21.8% |
| Distributable reserves | 133 | €75,591 | €59,092 | -€16,499 | -21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €233,000 | €165,538 | -€67,461 | -29.0% |
| Amounts payable after more than one year | 17 | €134,544 | €82,288 | -€52,256 | -38.8% |
| Financial debts | 170/4 | €134,544 | €82,288 | -€52,256 | -38.8% |
| Amounts payable within one year | 42/48 | €98,455 | €83,250 | -€15,205 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €76,267 | €52,256 | -€24,010 | -31.5% |
| Financial debts | 43 | €572 | €711 | +€139 | +24.3% |
| Credit institutions | 430/8 | €572 | €711 | +€139 | +24.3% |
| Trade debts | 44 | €18,177 | €9,991 | -€8,186 | -45.0% |
| Suppliers | 440/4 | €18,177 | €9,991 | -€8,186 | -45.0% |
| Taxes, remuneration and social security | 45 | €2,238 | €3,000 | +€762 | +34.0% |
| Taxes | 450/3 | €1,500 | €3,000 | +€1,500 | +100% |
| Remuneration and social security | 454/9 | €738 | €0 | -€738 | -100% |
| Other amounts payable | 47/48 | €1,201 | €17,291 | +€16,090 | +1,339% |
| Non-recurring operating income | 76A | - | €7,588 | +€7,588 | |
| Remuneration, social security and pensions | 62 | €9,891 | €0 | -€9,891 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,315 | €81,979 | -€1,336 | -1.6% |
| Other operating charges | 640/8 | €9,487 | €4,470 | -€5,017 | -52.9% |
| Gross operating margin | 9900 | €110,608 | €99,053 | -€11,555 | -10.4% |
| Operating profit (loss) | 9901 | €7,915 | €12,604 | +€4,688 | +59.2% |
| Financial income | 75/76B | €10 | €66 | +€56 | +560% |
| Recurring financial income | 75 | €10 | €66 | +€56 | +560% |
| Financial charges | 65/66B | €11,472 | €8,938 | -€2,534 | -22.1% |
| Recurring financial charges | 65 | €11,472 | €8,938 | -€2,534 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,547 | €3,732 | +€7,278 | |
| Income taxes | 67/77 | - | €231 | +€231 | |
| Profit (loss) for the period | 9904 | -€3,547 | €3,501 | +€7,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,547 | €3,501 | +€7,047 |
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 25 October 2026 via checked.be.