JD. SYSTEMS: 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. SYSTEMS
Largest movements
- Tangible fixed assets +€26,249
up €26,249 (+12.9%), from €203,487 to €229,736
of which Land and buildings: +€18,962
- Cash +€22,512
up €22,512 (+39.1%), from €57,589 to €80,101
mainly Net result for the year (+€79,896) and Trade debts (+€51,525)
- Receivables within one year +€16,214
up €16,214 (+26.3%), from €61,636 to €77,850
of which Trade receivables: +€21,538
- Profit (loss) carried forward +€64,896
up €64,896 (+25.6%), from €253,958 to €318,854
- Trade debts +€51,525
up €51,525 (+95.0%), from €54,219 to €105,743
- Short-term financial debts -€18,456
no longer reported in 2025 (was €18,456)
- Current portion of long-term debt -€13,639
down €13,639 (-43.1%), from €31,667 to €18,028
- Gross operating margin +€56,794
up €56,794 (+17.5%), from €324,868 to €381,662
- Staff costs +€23,168
up €23,168 (+11.4%), from €203,846 to €227,013
- Financial income -€4,941
down €4,941 (-97.6%), from €5,060 to €119
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 | €731,340 | €804,531 | +€73,191 | +10.0% |
| Fixed assets | 21/28 | €203,487 | €229,736 | +€26,249 | +12.9% |
| Tangible fixed assets | 22/27 | €203,487 | €229,736 | +€26,249 | +12.9% |
| Land and buildings | 22 | €147,168 | €166,130 | +€18,962 | +12.9% |
| Plant, machinery and equipment | 23 | €47,397 | €48,343 | +€946 | +2.0% |
| Furniture and vehicles | 24 | €5,236 | €12,402 | +€7,165 | +136.8% |
| Other tangible fixed assets | 26 | €3,685 | €2,861 | -€824 | -22.4% |
| Current assets | 29/58 | €527,854 | €574,795 | +€46,941 | +8.9% |
| Stocks and contracts in progress | 3 | €396,375 | €402,175 | +€5,800 | +1.5% |
| Stocks | 30/36 | €396,375 | €402,175 | +€5,800 | +1.5% |
| Amounts receivable within one year | 40/41 | €61,636 | €77,850 | +€16,214 | +26.3% |
| Trade receivables | 40 | €56,313 | €77,850 | +€21,538 | +38.2% |
| Other amounts receivable | 41 | €5,324 | €0 | -€5,324 | -100.0% |
| Current investments | 50/53 | €7,597 | €7,597 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,589 | €80,101 | +€22,512 | +39.1% |
| Deferred charges and accrued income | 490/1 | €4,657 | €7,072 | +€2,415 | +51.9% |
| Total equity and liabilities | 10/49 | €731,340 | €804,531 | +€73,191 | +10.0% |
| Equity | 10/15 | €366,147 | €431,044 | +€64,896 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,590 | €93,590 | = | 0.0% |
| Distributable reserves | 133 | €93,590 | €93,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,958 | €318,854 | +€64,896 | +25.6% |
| Amounts payable | 17/49 | €365,193 | €373,487 | +€8,294 | +2.3% |
| Amounts payable after more than one year | 17 | €140,696 | €139,597 | -€1,099 | -0.8% |
| Financial debts | 170/4 | €140,696 | €139,597 | -€1,099 | -0.8% |
| Amounts payable within one year | 42/48 | €198,526 | €213,957 | +€15,432 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €31,667 | €18,028 | -€13,639 | -43.1% |
| Financial debts | 43 | €18,456 | - | -€18,456 | |
| Credit institutions | 430/8 | €18,456 | - | -€18,456 | |
| Trade debts | 44 | €54,219 | €105,743 | +€51,525 | +95.0% |
| Suppliers | 440/4 | €54,219 | €105,743 | +€51,525 | +95.0% |
| Taxes, remuneration and social security | 45 | €11,301 | €13,953 | +€2,652 | +23.5% |
| Taxes | 450/3 | €11,301 | €13,953 | +€2,652 | +23.5% |
| Other amounts payable | 47/48 | €82,883 | €76,234 | -€6,650 | -8.0% |
| Accrued charges and deferred income | 492/3 | €25,971 | €19,933 | -€6,038 | -23.2% |
| Remuneration, social security and pensions | 62 | €203,846 | €227,013 | +€23,168 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,355 | €32,059 | +€704 | +2.2% |
| Other operating charges | 640/8 | €3,133 | €3,379 | +€246 | +7.9% |
| Gross operating margin | 9900 | €324,868 | €381,662 | +€56,794 | +17.5% |
| Operating profit (loss) | 9901 | €86,535 | €119,211 | +€32,676 | +37.8% |
| Financial income | 75/76B | €5,060 | €119 | -€4,941 | -97.6% |
| Recurring financial income | 75 | €5,060 | €119 | -€4,941 | -97.6% |
| Financial charges | 65/66B | €14,999 | €11,418 | -€3,581 | -23.9% |
| Recurring financial charges | 65 | €14,999 | €11,418 | -€3,581 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €76,596 | €107,913 | +€31,316 | +40.9% |
| Income taxes | 67/77 | €24,933 | €28,016 | +€3,083 | +12.4% |
| Profit (loss) for the period | 9904 | €51,663 | €79,896 | +€28,234 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,663 | €79,896 | +€28,234 | +54.7% |
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 9 October 2026 via checked.be.