JD Optimal: 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 Optimal
Largest movements
- Tangible fixed assets +€88,493
up €88,493 (+51.0%), from €173,510 to €262,003
of which Plant, machinery and equipment: +€91,236
- Cash +€46,511
up €46,511 (+138.1%), from €33,679 to €80,190
mainly Trade debts (+€48,547) and Debts after one year (+€48,232)
- Receivables within one year +€42,859
up €42,859 (+87.3%), from €49,089 to €91,949
of which Trade receivables: +€57,022
- Deferred charges and accrued income -€10,199
down €10,199 (-85.3%), from €11,959 to €1,760
- Stocks and contracts -€8,720
down €8,720 (-2.8%), from €312,453 to €303,732
- Trade debts +€48,547
up €48,547 (+92.2%), from €52,641 to €101,187
- Debts after one year +€48,232
up €48,232 (+36.8%), from €131,098 to €179,331
- Other debts +€22,816
up €22,816 (+24.8%), from €91,979 to €114,795
- Tax, wage and social debts +€16,217
up €16,217 (+26.5%), from €61,129 to €77,346
of which Remuneration and social security: +€8,168
- Current portion of long-term debt +€14,692
up €14,692 (+26.3%), from €55,838 to €70,530
- Staff costs +€53,570
up €53,570 (+25.6%), from €208,881 to €262,451
- Taxes -€20,455
down €20,455 (-98.8%), from €20,701 to €246
- Depreciation +€10,143
up €10,143 (+33.1%), from €30,651 to €40,794
- Gross operating margin -€6,979
down €6,979 (-2.2%), from €317,654 to €310,675
- Financial charges +€3,712
up €3,712 (+43.9%), from €8,458 to €12,170
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 | €605,919 | €760,862 | +€154,944 | +25.6% |
| Fixed assets | 21/28 | €198,739 | €283,231 | +€84,493 | +42.5% |
| Intangible fixed assets | 21 | €25,169 | €21,169 | -€4,000 | -15.9% |
| Tangible fixed assets | 22/27 | €173,510 | €262,003 | +€88,493 | +51.0% |
| Plant, machinery and equipment | 23 | €141,697 | €232,933 | +€91,236 | +64.4% |
| Furniture and vehicles | 24 | €21,242 | €20,921 | -€321 | -1.5% |
| Leasing and similar rights | 25 | €10,570 | €8,149 | -€2,421 | -22.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €407,180 | €477,631 | +€70,451 | +17.3% |
| Stocks and contracts in progress | 3 | €312,453 | €303,732 | -€8,720 | -2.8% |
| Stocks | 30/36 | €312,453 | €303,732 | -€8,720 | -2.8% |
| Amounts receivable within one year | 40/41 | €49,089 | €91,949 | +€42,859 | +87.3% |
| Trade receivables | 40 | €9,914 | €66,935 | +€57,022 | +575.2% |
| Other amounts receivable | 41 | €39,176 | €25,013 | -€14,163 | -36.2% |
| Cash at bank and in hand | 54/58 | €33,679 | €80,190 | +€46,511 | +138.1% |
| Deferred charges and accrued income | 490/1 | €11,959 | €1,760 | -€10,199 | -85.3% |
| Total equity and liabilities | 10/49 | €605,919 | €760,862 | +€154,944 | +25.6% |
| Equity | 10/15 | €213,234 | €213,103 | -€131 | -0.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €154,500 | €154,500 | = | 0.0% |
| Distributable reserves | 133 | €154,500 | €154,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,734 | €28,603 | -€131 | -0.5% |
| Amounts payable | 17/49 | €392,685 | €547,760 | +€155,074 | +39.5% |
| Amounts payable after more than one year | 17 | €131,098 | €179,331 | +€48,232 | +36.8% |
| Financial debts | 170/4 | €131,098 | €179,331 | +€48,232 | +36.8% |
| Amounts payable within one year | 42/48 | €261,587 | €363,859 | +€102,272 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €55,838 | €70,530 | +€14,692 | +26.3% |
| Trade debts | 44 | €52,641 | €101,187 | +€48,547 | +92.2% |
| Suppliers | 440/4 | €52,641 | €101,187 | +€48,547 | +92.2% |
| Taxes, remuneration and social security | 45 | €61,129 | €77,346 | +€16,217 | +26.5% |
| Taxes | 450/3 | €16,470 | €24,520 | +€8,049 | +48.9% |
| Remuneration and social security | 454/9 | €44,659 | €52,827 | +€8,168 | +18.3% |
| Other amounts payable | 47/48 | €91,979 | €114,795 | +€22,816 | +24.8% |
| Accrued charges and deferred income | 492/3 | - | €4,570 | +€4,570 | |
| Remuneration, social security and pensions | 62 | €208,881 | €262,451 | +€53,570 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,651 | €40,794 | +€10,143 | +33.1% |
| Other operating charges | 640/8 | €37 | €699 | +€662 | +1809.5% |
| Gross operating margin | 9900 | €317,654 | €310,675 | -€6,979 | -2.2% |
| Operating profit (loss) | 9901 | €78,086 | €6,732 | -€71,354 | -91.4% |
| Financial income | 75/76B | €6,531 | €5,553 | -€978 | -15.0% |
| Recurring financial income | 75 | €6,531 | €5,553 | -€978 | -15.0% |
| Financial charges | 65/66B | €8,458 | €12,170 | +€3,712 | +43.9% |
| Recurring financial charges | 65 | €8,458 | €12,170 | +€3,712 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €76,159 | €115 | -€76,044 | -99.8% |
| Income taxes | 67/77 | €20,701 | €246 | -€20,455 | -98.8% |
| Profit (loss) for the period | 9904 | €55,459 | -€131 | -€55,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,459 | -€131 | -€55,589 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.