JD GROUP: 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.
JD GROUP
Largest movements
- Receivables within one year +€364,491
up €364,491 (+37.2%), from €978,794 to €1.3m
of which Other amounts receivable: +€357,624
- Current investments -€153,201
down €153,201 (-37.6%), from €406,972 to €253,770
- Reserves +€291,759
up €291,759 (+26.1%), from €1.1m to €1.4m
- Debts after one year -€56,374
down €56,374 (-5.1%), from €1.1m to €1.0m
- Tax, wage and social debts -€54,170
down €54,170 (-53.7%), from €100,954 to €46,785
of which Taxes: -€54,170
- Depreciation +€11,493
up €11,493 (+13.6%), from €84,357 to €95,850
- Gross operating margin +€8,097
up €8,097 (+1.6%), from €514,284 to €522,381
- Financial charges -€6,991
down €6,991 (-11.8%), from €59,313 to €52,322
- Financial income +€6,106
up €6,106 (+12.4%), from €49,208 to €55,314
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 | €3,030,252 | €3,249,582 | +€219,330 | +7.2% |
| Fixed assets | 21/28 | €1,631,843 | €1,638,728 | +€6,884 | +0.4% |
| Tangible fixed assets | 22/27 | €1,631,843 | €1,638,728 | +€6,884 | +0.4% |
| Land and buildings | 22 | €1,617,175 | €1,572,858 | -€44,317 | -2.7% |
| Furniture and vehicles | 24 | €14,668 | €62,781 | +€48,113 | +328.0% |
| Other tangible fixed assets | 26 | - | €3,089 | +€3,089 | |
| Current assets | 29/58 | €1,398,409 | €1,610,855 | +€212,446 | +15.2% |
| Amounts receivable within one year | 40/41 | €978,794 | €1,343,286 | +€364,491 | +37.2% |
| Trade receivables | 40 | €50,612 | €57,480 | +€6,867 | +13.6% |
| Other amounts receivable | 41 | €928,182 | €1,285,806 | +€357,624 | +38.5% |
| Current investments | 50/53 | €406,972 | €253,770 | -€153,201 | -37.6% |
| Cash at bank and in hand | 54/58 | €10,080 | €10,877 | +€797 | +7.9% |
| Deferred charges and accrued income | 490/1 | €2,563 | €2,921 | +€358 | +14.0% |
| Total equity and liabilities | 10/49 | €3,030,252 | €3,249,582 | +€219,330 | +7.2% |
| Equity | 10/15 | €1,370,946 | €1,662,705 | +€291,759 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,118,720 | €1,410,479 | +€291,759 | +26.1% |
| Distributable reserves | 133 | €1,118,720 | €1,410,479 | +€291,759 | +26.1% |
| Profit (loss) carried forward | 14 | €233,626 | €233,626 | = | 0.0% |
| Amounts payable | 17/49 | €1,659,307 | €1,586,878 | -€72,429 | -4.4% |
| Amounts payable after more than one year | 17 | €1,095,403 | €1,039,029 | -€56,374 | -5.1% |
| Financial debts | 170/4 | €1,095,403 | €1,039,029 | -€56,374 | -5.1% |
| Amounts payable within one year | 42/48 | €563,255 | €547,849 | -€15,407 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €91,082 | €98,569 | +€7,487 | +8.2% |
| Financial debts | 43 | €1,492 | €201 | -€1,291 | -86.5% |
| Credit institutions | 430/8 | €1,492 | €201 | -€1,291 | -86.5% |
| Trade debts | 44 | €24,429 | €27,926 | +€3,497 | +14.3% |
| Suppliers | 440/4 | €24,429 | €27,926 | +€3,497 | +14.3% |
| Taxes, remuneration and social security | 45 | €100,954 | €46,785 | -€54,170 | -53.7% |
| Taxes | 450/3 | €100,914 | €46,745 | -€54,170 | -53.7% |
| Remuneration and social security | 454/9 | €40 | €40 | = | 0.0% |
| Other amounts payable | 47/48 | €345,297 | €374,368 | +€29,071 | +8.4% |
| Accrued charges and deferred income | 492/3 | €648 | - | -€648 | |
| Non-recurring operating income | 76A | - | €9,570 | +€9,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,357 | €95,850 | +€11,493 | +13.6% |
| Other operating charges | 640/8 | €5,753 | €6,377 | +€624 | +10.8% |
| Gross operating margin | 9900 | €514,284 | €522,381 | +€8,097 | +1.6% |
| Operating profit (loss) | 9901 | €424,175 | €420,155 | -€4,020 | -0.9% |
| Financial income | 75/76B | €49,208 | €55,314 | +€6,106 | +12.4% |
| Recurring financial income | 75 | €49,208 | €55,314 | +€6,106 | +12.4% |
| Financial charges | 65/66B | €59,313 | €52,322 | -€6,991 | -11.8% |
| Recurring financial charges | 65 | €59,313 | €52,322 | -€6,991 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €414,070 | €423,147 | +€9,078 | +2.2% |
| Income taxes | 67/77 | €129,990 | €131,388 | +€1,398 | +1.1% |
| Profit (loss) for the period | 9904 | €284,080 | €291,759 | +€7,679 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €284,080 | €291,759 | +€7,679 | +2.7% |
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 3 October 2026 via checked.be.