JD Service: 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 Service
Largest movements
- Receivables within one year +€752,352
up €752,352 (+291%), from €258,151 to €1.0m
of which Trade receivables: +€752,327
- Cash -€122,596
down €122,596 (-67.5%), from €181,586 to €58,989
mainly Receivables within one year (-€752,352) and Debts after one year (-€54,495)
- Tangible fixed assets -€62,265
down €62,265 (-9.1%), from €686,415 to €624,150
- Stocks and contracts -€46,554
down €46,554 (-68.3%), from €68,148 to €21,594
- Trade debts +€261,830
up €261,830 (+119%), from €219,608 to €481,439
- Reserves +€138,411
up €138,411 (+55.9%), from €247,751 to €386,162
- Tax, wage and social debts +€133,402
up €133,402 (+190%), from €70,196 to €203,598
of which Taxes: +€133,402
- Debts after one year -€54,495
down €54,495 (-10.7%), from €509,512 to €455,017
- Short-term financial debts +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Gross operating margin +€52,901
up €52,901 (+20.2%), from €261,511 to €314,412
- Taxes +€25,631
up €25,631 (+59.6%), from €43,008 to €68,638
- Staff costs -€22,304
down €22,304 (-86.7%), from €25,728 to €3,424
- Depreciation +€7,045
up €7,045 (+11.3%), from €62,350 to €69,396
- Financial income -€6,674
down €6,674 (-100.0%), from €6,675 to €1
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.
Derived cash bridge
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 | €1,252,614 | €1,773,014 | +€520,400 | +41.5% |
| Fixed assets | 21/28 | €686,415 | €624,150 | -€62,265 | -9.1% |
| Tangible fixed assets | 22/27 | €686,415 | €624,150 | -€62,265 | -9.1% |
| Land and buildings | 22 | €508,521 | €487,968 | -€20,553 | -4.0% |
| Plant, machinery and equipment | 23 | €40,814 | €34,003 | -€6,810 | -16.7% |
| Furniture and vehicles | 24 | €20,291 | €13,289 | -€7,002 | -34.5% |
| Leasing and similar rights | 25 | €116,790 | €88,890 | -€27,900 | -23.9% |
| Current assets | 29/58 | €566,199 | €1,148,864 | +€582,666 | +103% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €68,148 | €21,594 | -€46,554 | -68.3% |
| Stocks | 30/36 | €68,148 | €21,594 | -€46,554 | -68.3% |
| Amounts receivable within one year | 40/41 | €258,151 | €1,010,503 | +€752,352 | +291% |
| Trade receivables | 40 | €258,151 | €1,010,478 | +€752,327 | +291% |
| Other amounts receivable | 41 | €0 | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €181,586 | €58,989 | -€122,596 | -67.5% |
| Deferred charges and accrued income | 490/1 | €8,314 | €7,777 | -€536 | -6.5% |
| Total equity and liabilities | 10/49 | €1,252,614 | €1,773,014 | +€520,400 | +41.5% |
| Equity | 10/15 | €266,351 | €404,762 | +€138,411 | +52.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,751 | €386,162 | +€138,411 | +55.9% |
| Distributable reserves | 133 | €247,751 | €386,162 | +€138,411 | +55.9% |
| Amounts payable | 17/49 | €986,262 | €1,368,252 | +€381,989 | +38.7% |
| Amounts payable after more than one year | 17 | €509,512 | €455,017 | -€54,495 | -10.7% |
| Financial debts | 170/4 | €509,512 | €455,017 | -€54,495 | -10.7% |
| Amounts payable within one year | 42/48 | €474,555 | €910,435 | +€435,880 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €56,251 | €54,495 | -€1,755 | -3.1% |
| Financial debts | 43 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Credit institutions | 430/8 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Trade debts | 44 | €219,608 | €481,439 | +€261,830 | +119% |
| Suppliers | 440/4 | €219,608 | €481,439 | +€261,830 | +119% |
| Advances received on contracts in progress | 46 | €0 | €7,260 | +€7,260 | |
| Taxes, remuneration and social security | 45 | €70,196 | €203,598 | +€133,402 | +190% |
| Taxes | 450/3 | €70,196 | €203,598 | +€133,402 | +190% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,500 | €13,644 | +€10,144 | +290% |
| Accrued charges and deferred income | 492/3 | €2,195 | €2,800 | +€604 | +27.5% |
| Remuneration, social security and pensions | 62 | €25,728 | €3,424 | -€22,304 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,350 | €69,396 | +€7,045 | +11.3% |
| Other operating charges | 640/8 | €4,511 | €4,300 | -€210 | -4.7% |
| Gross operating margin | 9900 | €261,511 | €314,412 | +€52,901 | +20.2% |
| Operating profit (loss) | 9901 | €168,923 | €237,292 | +€68,370 | +40.5% |
| Financial income | 75/76B | €6,675 | €1 | -€6,674 | -100.0% |
| Recurring financial income | 75 | €6,675 | €1 | -€6,674 | -100.0% |
| Financial charges | 65/66B | €33,249 | €30,244 | -€3,005 | -9.0% |
| Recurring financial charges | 65 | €33,249 | €30,244 | -€3,005 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €142,349 | €207,049 | +€64,700 | +45.5% |
| Income taxes | 67/77 | €43,008 | €68,638 | +€25,631 | +59.6% |
| Profit (loss) for the period | 9904 | €99,341 | €138,411 | +€39,070 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,341 | €138,411 | +€39,070 | +39.3% |
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 17 October 2026 via checked.be.