JD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+4.4%), from €1.1m to €1.2m
- Receivables within one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets +€28,864
up €28,864 (+59.1%), from €48,852 to €77,716
of which Furniture and vehicles: +€27,887
- Reserves +€88,001
up €88,001 (+48.9%), from €179,975 to €267,976
- Other debts -€23,046
down €23,046 (-2.4%), from €968,630 to €945,584
- Tax, wage and social debts -€17,965
down €17,965 (-45.3%), from €39,630 to €21,666
- Current portion of long-term debt -€14,913
down €14,913 (-41.8%), from €35,647 to €20,734
- Gross operating margin +€22,072
up €22,072 (+18.1%), from €121,692 to €143,764
- Depreciation +€9,353
up €9,353 (+374.9%), from €2,495 to €11,848
- Financial charges +€3,719
up €3,719 (+31.7%), from €11,740 to €15,459
- Financial income +€3,382
up €3,382 (+253.6%), from €1,333 to €4,715
- Taxes +€2,944
up €2,944 (+10.4%), from €28,173 to €31,117
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 | €1,238,711 | €1,262,579 | +€23,868 | +1.9% |
| Fixed assets | 21/28 | €1,175,252 | €1,254,116 | +€78,864 | +6.7% |
| Tangible fixed assets | 22/27 | €48,852 | €77,716 | +€28,864 | +59.1% |
| Plant, machinery and equipment | 23 | €4,039 | €6,423 | +€2,385 | +59.0% |
| Furniture and vehicles | 24 | €6,784 | €34,671 | +€27,887 | +411.0% |
| Other tangible fixed assets | 26 | €38,029 | €36,622 | -€1,407 | -3.7% |
| Financial fixed assets | 28 | €1,126,400 | €1,176,400 | +€50,000 | +4.4% |
| Current assets | 29/58 | €63,459 | €8,463 | -€54,996 | -86.7% |
| Amounts receivable within one year | 40/41 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 41 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,682 | €5,015 | -€5,667 | -53.1% |
| Deferred charges and accrued income | 490/1 | €2,777 | €3,448 | +€671 | +24.2% |
| Total equity and liabilities | 10/49 | €1,238,711 | €1,262,579 | +€23,868 | +1.9% |
| Equity | 10/15 | €184,975 | €272,976 | +€88,001 | +47.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €179,975 | €267,976 | +€88,001 | +48.9% |
| Distributable reserves | 133 | €179,975 | €267,976 | +€88,001 | +48.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,053,736 | €989,603 | -€64,133 | -6.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,051,412 | €989,603 | -€61,809 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €35,647 | €20,734 | -€14,913 | -41.8% |
| Trade debts | 44 | €7,504 | €1,620 | -€5,885 | -78.4% |
| Suppliers | 440/4 | €7,504 | €1,620 | -€5,885 | -78.4% |
| Taxes, remuneration and social security | 45 | €39,630 | €21,666 | -€17,965 | -45.3% |
| Taxes | 450/3 | €39,630 | €21,666 | -€17,965 | -45.3% |
| Other amounts payable | 47/48 | €968,630 | €945,584 | -€23,046 | -2.4% |
| Accrued charges and deferred income | 492/3 | €2,323 | €0 | -€2,323 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,495 | €11,848 | +€9,353 | +374.9% |
| Other operating charges | 640/8 | €1,166 | €2,054 | +€888 | +76.2% |
| Gross operating margin | 9900 | €121,692 | €143,764 | +€22,072 | +18.1% |
| Operating profit (loss) | 9901 | €118,031 | €129,862 | +€11,831 | +10.0% |
| Financial income | 75/76B | €1,333 | €4,715 | +€3,382 | +253.6% |
| Recurring financial income | 75 | €1,333 | €4,715 | +€3,382 | +253.6% |
| Financial charges | 65/66B | €11,740 | €15,459 | +€3,719 | +31.7% |
| Recurring financial charges | 65 | €11,740 | €15,459 | +€3,719 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €107,625 | €119,118 | +€11,493 | +10.7% |
| Income taxes | 67/77 | €28,173 | €31,117 | +€2,944 | +10.4% |
| Profit (loss) for the period | 9904 | €79,452 | €88,001 | +€8,549 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,452 | €88,001 | +€8,549 | +10.8% |
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 11 October 2026 via checked.be.