JD Maatwerk: what changed
JD Maatwerk
Largest movements
- Tangible fixed assets +€14,394
up €14,394 (+23.0%), from €62,599 to €76,993
of which Furniture and vehicles: +€8,769
- Stocks and contracts +€10,630
up €10,630 (+40.5%), from €26,259 to €36,890
of which Stocks: +€12,180
- Cash +€9,020
up €9,020 (+494%), from €1,826 to €10,846
mainly Depreciation (+€14,747) and Debts after one year (+€12,232)
- Receivables within one year -€3,457
down €3,457 (-20.4%), from €16,985 to €13,528
of which Trade receivables: -€3,902
- Deferred charges and accrued income -€2,898
down €2,898 (-25.1%), from €11,544 to €8,646
- Debts after one year +€12,232
up €12,232 (+25.1%), from €48,718 to €60,950
- Other debts +€7,831
up €7,831 (+16.9%), from €46,331 to €54,162
- Current portion of long-term debt +€4,156
up €4,156 (+75.0%), from €5,538 to €9,694
- Trade debts +€2,159
new in 2025: €2,159
- Depreciation +€7,413
up €7,413 (+101%), from €7,334 to €14,747
- Gross operating margin +€2,948
up €2,948 (+16.3%), from €18,107 to €21,055
- Taxes -€1,387
down €1,387 (-80.6%), from €1,720 to €333
- Staff costs +€1,218
up €1,218 (+315%), from €387 to €1,605
- Financial charges +€550
up €550 (+28.0%), from €1,962 to €2,512
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,213 | €146,902 | +€27,689 | +23.2% |
| Fixed assets | 21/28 | €62,599 | €76,993 | +€14,394 | +23.0% |
| Tangible fixed assets | 22/27 | €62,599 | €76,993 | +€14,394 | +23.0% |
| Plant, machinery and equipment | 23 | €23,485 | €31,904 | +€8,419 | +35.8% |
| Furniture and vehicles | 24 | €30,894 | €39,662 | +€8,769 | +28.4% |
| Leasing and similar rights | 25 | €8,220 | €5,426 | -€2,794 | -34.0% |
| Current assets | 29/58 | €56,614 | €69,909 | +€13,295 | +23.5% |
| Stocks and contracts in progress | 3 | €26,259 | €36,890 | +€10,630 | +40.5% |
| Stocks | 30/36 | €19,179 | €31,360 | +€12,180 | +63.5% |
| Contracts in progress | 37 | €7,080 | €5,530 | -€1,550 | -21.9% |
| Amounts receivable within one year | 40/41 | €16,985 | €13,528 | -€3,457 | -20.4% |
| Trade receivables | 40 | €8,933 | €5,032 | -€3,902 | -43.7% |
| Other amounts receivable | 41 | €8,052 | €8,497 | +€445 | +5.5% |
| Cash at bank and in hand | 54/58 | €1,826 | €10,846 | +€9,020 | +494% |
| Deferred charges and accrued income | 490/1 | €11,544 | €8,646 | -€2,898 | -25.1% |
| Total equity and liabilities | 10/49 | €119,213 | €146,902 | +€27,689 | +23.2% |
| Equity | 10/15 | €16,906 | €17,888 | +€982 | +5.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,906 | €14,888 | +€982 | +7.1% |
| Distributable reserves | 133 | €13,906 | €14,888 | +€982 | +7.1% |
| Amounts payable | 17/49 | €102,307 | €129,014 | +€26,707 | +26.1% |
| Amounts payable after more than one year | 17 | €48,718 | €60,950 | +€12,232 | +25.1% |
| Financial debts | 170/4 | €48,718 | €60,950 | +€12,232 | +25.1% |
| Amounts payable within one year | 42/48 | €53,589 | €68,064 | +€14,475 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €5,538 | €9,694 | +€4,156 | +75.0% |
| Trade debts | 44 | - | €2,159 | +€2,159 | |
| Suppliers | 440/4 | - | €2,159 | +€2,159 | |
| Taxes, remuneration and social security | 45 | €1,720 | €2,049 | +€330 | +19.2% |
| Taxes | 450/3 | €1,720 | €2,049 | +€330 | +19.2% |
| Other amounts payable | 47/48 | €46,331 | €54,162 | +€7,831 | +16.9% |
| Remuneration, social security and pensions | 62 | €387 | €1,605 | +€1,218 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,334 | €14,747 | +€7,413 | +101% |
| Other operating charges | 640/8 | €1,106 | €903 | -€203 | -18.3% |
| Gross operating margin | 9900 | €18,107 | €21,055 | +€2,948 | +16.3% |
| Operating profit (loss) | 9901 | €9,280 | €3,800 | -€5,480 | -59.1% |
| Financial income | 75/76B | €156 | €27 | -€129 | -82.6% |
| Recurring financial income | 75 | €156 | €27 | -€129 | -82.6% |
| Financial charges | 65/66B | €1,962 | €2,512 | +€550 | +28.0% |
| Recurring financial charges | 65 | €1,962 | €2,512 | +€550 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €7,473 | €1,315 | -€6,158 | -82.4% |
| Income taxes | 67/77 | €1,720 | €333 | -€1,387 | -80.6% |
| Profit (loss) for the period | 9904 | €5,753 | €982 | -€4,772 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,753 | €982 | -€4,772 | -82.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.