JD-EDS: 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.
JD-EDS
Largest movements
- Receivables within one year +€76,456
up €76,456 (+384.4%), from €19,887 to €96,343
of which Trade receivables: +€76,249
- Tangible fixed assets -€13,284
down €13,284 (-8.6%), from €154,623 to €141,339
of which Other tangible fixed assets: -€11,012
- Cash +€5,053
up €5,053 (+100.4%), from €5,034 to €10,088
mainly Trade debts (+€75,172) and Depreciation (+€19,763)
- Stocks and contracts +€2,949
up €2,949 (+45.5%), from €6,481 to €9,430
- Trade debts +€75,172
up €75,172 (+2444.9%), from €3,075 to €78,246
- Debts after one year -€18,797
down €18,797 (-15.2%), from €124,027 to €105,230
- Other debts +€12,357
new in 2024: €12,357
- Tax, wage and social debts +€8,029
up €8,029 (+274.9%), from €2,921 to €10,950
of which Remuneration and social security: +€7,763
- Staff costs +€15,452
up €15,452 (+229.4%), from €6,735 to €22,186
- Gross operating margin +€5,949
up €5,949 (+14.6%), from €40,799 to €46,749
- Financial charges -€3,226
down €3,226 (-34.6%), from €9,336 to €6,110
- Other operating charges -€637
down €637 (-26.4%), from €2,412 to €1,775
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,477 | €259,772 | +€73,295 | +39.3% |
| Fixed assets | 21/28 | €154,623 | €141,339 | -€13,284 | -8.6% |
| Tangible fixed assets | 22/27 | €154,623 | €141,339 | -€13,284 | -8.6% |
| Plant, machinery and equipment | 23 | €8,202 | €8,535 | +€333 | +4.1% |
| Furniture and vehicles | 24 | €11,866 | €9,262 | -€2,604 | -21.9% |
| Other tangible fixed assets | 26 | €134,554 | €123,542 | -€11,012 | -8.2% |
| Current assets | 29/58 | €31,854 | €118,433 | +€86,579 | +271.8% |
| Stocks and contracts in progress | 3 | €6,481 | €9,430 | +€2,949 | +45.5% |
| Stocks | 30/36 | €6,481 | €9,430 | +€2,949 | +45.5% |
| Amounts receivable within one year | 40/41 | €19,887 | €96,343 | +€76,456 | +384.4% |
| Trade receivables | 40 | €11,076 | €87,326 | +€76,249 | +688.4% |
| Other amounts receivable | 41 | €8,811 | €9,018 | +€207 | +2.3% |
| Cash at bank and in hand | 54/58 | €5,034 | €10,088 | +€5,053 | +100.4% |
| Deferred charges and accrued income | 490/1 | €451 | €2,572 | +€2,120 | +469.7% |
| Total equity and liabilities | 10/49 | €186,477 | €259,772 | +€73,295 | +39.3% |
| Equity | 10/15 | €17,531 | €14,445 | -€3,086 | -17.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,531 | €0 | -€2,531 | -100.0% |
| Distributable reserves | 133 | €2,531 | €0 | -€2,531 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€555 | -€555 | |
| Amounts payable | 17/49 | €168,945 | €245,327 | +€76,382 | +45.2% |
| Amounts payable after more than one year | 17 | €124,027 | €105,230 | -€18,797 | -15.2% |
| Financial debts | 170/4 | €124,027 | €105,230 | -€18,797 | -15.2% |
| Amounts payable within one year | 42/48 | €43,918 | €138,989 | +€95,071 | +216.5% |
| Current portion of amounts payable after more than one year | 42 | €18,129 | €18,797 | +€669 | +3.7% |
| Trade debts | 44 | €3,075 | €78,246 | +€75,172 | +2444.9% |
| Suppliers | 440/4 | €3,075 | €78,246 | +€75,172 | +2444.9% |
| Advances received on contracts in progress | 46 | €19,794 | €18,639 | -€1,155 | -5.8% |
| Taxes, remuneration and social security | 45 | €2,921 | €10,950 | +€8,029 | +274.9% |
| Taxes | 450/3 | €2,921 | €3,187 | +€266 | +9.1% |
| Remuneration and social security | 454/9 | - | €7,763 | +€7,763 | |
| Other amounts payable | 47/48 | - | €12,357 | +€12,357 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,108 | +€108 | +10.8% |
| Remuneration, social security and pensions | 62 | €6,735 | €22,186 | +€15,452 | +229.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,785 | €19,763 | -€22 | -0.1% |
| Other operating charges | 640/8 | €2,412 | €1,775 | -€637 | -26.4% |
| Gross operating margin | 9900 | €40,799 | €46,749 | +€5,949 | +14.6% |
| Operating profit (loss) | 9901 | €11,867 | €3,024 | -€8,844 | -74.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €9,336 | €6,110 | -€3,226 | -34.6% |
| Recurring financial charges | 65 | €9,336 | €6,110 | -€3,226 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €2,531 | -€3,086 | -€5,618 | |
| Profit (loss) for the period | 9904 | €2,531 | -€3,086 | -€5,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,531 | -€3,086 | -€5,618 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.