JD RUNNING: 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 RUNNING
Largest movements
- Stocks and contracts +€79,418
up €79,418 (+280%), from €28,407 to €107,825
- Deferred charges and accrued income -€13,922
down €13,922 (-94.1%), from €14,793 to €871
- Cash +€9,808
up €9,808 (+23.6%), from €41,631 to €51,440
- Tangible fixed assets -€4,903
down €4,903 (-35.6%), from €13,760 to €8,857
of which Other tangible fixed assets: -€4,142
- Intangible fixed assets -€2,250
no longer reported in 2025 (was €2,250)
- Profit (loss) carried forward +€82,545
up €82,545, from -€22,280 to €60,266
- Current portion of long-term debt -€24,381
down €24,381 (-50.8%), from €47,952 to €23,571
- Tax, wage and social debts +€10,139
up €10,139 (+43.5%), from €23,327 to €33,466
of which Taxes: +€14,450
- Gross operating margin +€57,745
up €57,745 (+117%), from €49,301 to €107,046
- Taxes +€14,000
new in 2025: €14,000
- Depreciation -€3,000
down €3,000 (-55.0%), from €5,451 to €2,451
- Financial charges +€2,916
up €2,916 (+495%), from €589 to €3,505
- Other operating charges +€2,152
up €2,152 (+3,454%), from €62 to €2,214
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,351 | €172,215 | +€68,864 | +66.6% |
| Fixed assets | 21/28 | €16,010 | €8,857 | -€7,153 | -44.7% |
| Intangible fixed assets | 21 | €2,250 | - | -€2,250 | |
| Tangible fixed assets | 22/27 | €13,760 | €8,857 | -€4,903 | -35.6% |
| Plant, machinery and equipment | 23 | €1,451 | €946 | -€505 | -34.8% |
| Furniture and vehicles | 24 | €400 | €145 | -€256 | -63.8% |
| Other tangible fixed assets | 26 | €11,909 | €7,766 | -€4,142 | -34.8% |
| Current assets | 29/58 | €87,341 | €163,358 | +€76,017 | +87.0% |
| Stocks and contracts in progress | 3 | €28,407 | €107,825 | +€79,418 | +280% |
| Stocks | 30/36 | €28,407 | €107,825 | +€79,418 | +280% |
| Amounts receivable within one year | 40/41 | €2,510 | €3,221 | +€712 | +28.4% |
| Trade receivables | 40 | €2,510 | €2,783 | +€273 | +10.9% |
| Other amounts receivable | 41 | - | €439 | +€439 | |
| Cash at bank and in hand | 54/58 | €41,631 | €51,440 | +€9,808 | +23.6% |
| Deferred charges and accrued income | 490/1 | €14,793 | €871 | -€13,922 | -94.1% |
| Total equity and liabilities | 10/49 | €103,351 | €172,215 | +€68,864 | +66.6% |
| Equity | 10/15 | €7,720 | €90,266 | +€82,545 | +1,069% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,280 | €60,266 | +€82,545 | |
| Amounts payable | 17/49 | €95,631 | €81,949 | -€13,682 | -14.3% |
| Amounts payable within one year | 42/48 | €95,631 | €81,949 | -€13,682 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €47,952 | €23,571 | -€24,381 | -50.8% |
| Trade debts | 44 | €9,652 | €10,925 | +€1,273 | +13.2% |
| Suppliers | 440/4 | €9,652 | €10,925 | +€1,273 | +13.2% |
| Taxes, remuneration and social security | 45 | €23,327 | €33,466 | +€10,139 | +43.5% |
| Taxes | 450/3 | €11,624 | €26,075 | +€14,450 | +124% |
| Remuneration and social security | 454/9 | €11,703 | €7,391 | -€4,312 | -36.8% |
| Other amounts payable | 47/48 | €14,700 | €13,987 | -€712 | -4.8% |
| Remuneration, social security and pensions | 62 | €36,191 | €37,036 | +€845 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,451 | €2,451 | -€3,000 | -55.0% |
| Other operating charges | 640/8 | €62 | €2,214 | +€2,152 | +3,454% |
| Gross operating margin | 9900 | €49,301 | €107,046 | +€57,745 | +117% |
| Operating profit (loss) | 9901 | €7,596 | €65,345 | +€57,748 | +760% |
| Financial income | 75/76B | €233 | - | -€233 | |
| Recurring financial income | 75 | €233 | - | -€233 | |
| Financial charges | 65/66B | €589 | €3,505 | +€2,916 | +495% |
| Recurring financial charges | 65 | €589 | €3,505 | +€2,916 | +495% |
| Profit (loss) for the period before taxes | 9903 | €7,241 | €61,839 | +€54,599 | +754% |
| Income taxes | 67/77 | - | €14,000 | +€14,000 | |
| Profit (loss) for the period | 9904 | €7,241 | €47,839 | +€40,599 | +561% |
| Profit (loss) for the period to be appropriated | 9905 | €7,241 | €47,839 | +€40,599 | +561% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.