J.D.L.TRANS: 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.
J.D.L.TRANS
Largest movements
- Cash +€40,708
up €40,708 (+248%), from €16,437 to €57,146
mainly Depreciation (+€89,882) and Net result for the year (+€45,665)
- Current investments +€30,822
up €30,822 (+150%), from €20,493 to €51,315
- Reserves +€45,665
up €45,665 (+18.2%), from €250,687 to €296,352
- Trade debts +€36,382
up €36,382 (+406%), from €8,971 to €45,353
- Debts after one year -€21,573
down €21,573 (-5.5%), from €394,376 to €372,803
- Current portion of long-term debt +€20,550
up €20,550 (+32.5%), from €63,225 to €83,775
- Other debts -€13,368
down €13,368 (-95.4%), from €14,015 to €647
- Gross operating margin +€33,902
up €33,902 (+20.1%), from €168,615 to €202,517
- Depreciation +€20,615
up €20,615 (+29.8%), from €69,267 to €89,882
- Taxes +€10,651
up €10,651 (+132%), from €8,089 to €18,740
- Financial charges +€4,445
up €4,445 (+20.6%), from €21,571 to €26,016
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 | €761,135 | €828,734 | +€67,599 | +8.9% |
| Fixed assets | 21/28 | €596,655 | €592,767 | -€3,888 | -0.7% |
| Tangible fixed assets | 22/27 | €596,605 | €592,767 | -€3,838 | -0.6% |
| Land and buildings | 22 | €452,132 | €442,080 | -€10,051 | -2.2% |
| Furniture and vehicles | 24 | €16,605 | €30,402 | +€13,797 | +83.1% |
| Leasing and similar rights | 25 | €127,868 | €120,285 | -€7,583 | -5.9% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €164,480 | €235,967 | +€71,487 | +43.5% |
| Amounts receivable within one year | 40/41 | €117,032 | €116,700 | -€333 | -0.3% |
| Trade receivables | 40 | €117,032 | €113,100 | -€3,933 | -3.4% |
| Other amounts receivable | 41 | - | €3,600 | +€3,600 | |
| Current investments | 50/53 | €20,493 | €51,315 | +€30,822 | +150% |
| Cash at bank and in hand | 54/58 | €16,437 | €57,146 | +€40,708 | +248% |
| Deferred charges and accrued income | 490/1 | €10,517 | €10,806 | +€289 | +2.7% |
| Total equity and liabilities | 10/49 | €761,135 | €828,734 | +€67,599 | +8.9% |
| Equity | 10/15 | €271,147 | €316,812 | +€45,665 | +16.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €250,687 | €296,352 | +€45,665 | +18.2% |
| Distributable reserves | 133 | €250,687 | €296,352 | +€45,665 | +18.2% |
| Amounts payable | 17/49 | €489,988 | €511,922 | +€21,934 | +4.5% |
| Amounts payable after more than one year | 17 | €394,376 | €372,803 | -€21,573 | -5.5% |
| Financial debts | 170/4 | €394,376 | €372,803 | -€21,573 | -5.5% |
| Amounts payable within one year | 42/48 | €95,287 | €138,051 | +€42,764 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €63,225 | €83,775 | +€20,550 | +32.5% |
| Trade debts | 44 | €8,971 | €45,353 | +€36,382 | +406% |
| Suppliers | 440/4 | €8,971 | €45,353 | +€36,382 | +406% |
| Taxes, remuneration and social security | 45 | €9,076 | €8,276 | -€801 | -8.8% |
| Taxes | 450/3 | €9,076 | €8,276 | -€801 | -8.8% |
| Other amounts payable | 47/48 | €14,015 | €647 | -€13,368 | -95.4% |
| Accrued charges and deferred income | 492/3 | €325 | €1,069 | +€744 | +229% |
| Non-recurring operating income | 76A | €4,428 | - | -€4,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,267 | €89,882 | +€20,615 | +29.8% |
| Other operating charges | 640/8 | €8,820 | €9,297 | +€477 | +5.4% |
| Non-recurring operating charges | 66A | €2,297 | €13,854 | +€11,557 | +503% |
| Gross operating margin | 9900 | €168,615 | €202,517 | +€33,902 | +20.1% |
| Operating profit (loss) | 9901 | €88,231 | €89,484 | +€1,253 | +1.4% |
| Financial income | 75/76B | €410 | €937 | +€527 | +128% |
| Recurring financial income | 75 | €410 | €937 | +€527 | +128% |
| Financial charges | 65/66B | €21,571 | €26,016 | +€4,445 | +20.6% |
| Recurring financial charges | 65 | €21,571 | €26,016 | +€4,445 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €67,070 | €64,405 | -€2,665 | -4.0% |
| Income taxes | 67/77 | €8,089 | €18,740 | +€10,651 | +132% |
| Profit (loss) for the period | 9904 | €58,981 | €45,665 | -€13,316 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,981 | €45,665 | -€13,316 | -22.6% |
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.