JDB GROUP: 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.
JDB GROUP
Largest movements
- Stocks and contracts +€175,000
up €175,000 (+25.0%), from €700,000 to €875,000
- Receivables within one year +€105,910
up €105,910 (+38.0%), from €278,418 to €384,328
of which Trade receivables: +€115,120
- Cash +€38,450
up €38,450 (+779.1%), from €4,935 to €43,385
mainly Debts after one year (+€151,258) and Trade debts (+€144,139)
- Tangible fixed assets -€13,581
down €13,581 (-44.1%), from €30,778 to €17,197
of which Leasing and similar rights: -€10,335
- Debts after one year +€151,258
up €151,258 (+128.9%), from €117,305 to €268,564
- Trade debts +€144,139
up €144,139 (+56.4%), from €255,484 to €399,623
- Other debts -€53,189
down €53,189 (-12.2%), from €437,440 to €384,251
- Reserves +€43,387
up €43,387 (+29.4%), from €147,527 to €190,914
- Current portion of long-term debt +€31,647
up €31,647 (+359.5%), from €8,803 to €40,450
- Gross operating margin +€18,177
up €18,177 (+12.0%), from €151,070 to €169,247
- Financial charges +€14,601
up €14,601 (+134.0%), from €10,898 to €25,500
- Staff costs +€6,803
up €6,803 (+13.4%), from €50,609 to €57,411
- Other operating charges -€1,823
down €1,823 (-25.2%), from €7,226 to €5,403
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 | €1,014,131 | €1,319,910 | +€305,779 | +30.2% |
| Fixed assets | 21/28 | €30,778 | €17,197 | -€13,581 | -44.1% |
| Tangible fixed assets | 22/27 | €30,778 | €17,197 | -€13,581 | -44.1% |
| Plant, machinery and equipment | 23 | €5,044 | €3,065 | -€1,979 | -39.2% |
| Furniture and vehicles | 24 | €3,286 | €2,019 | -€1,267 | -38.6% |
| Leasing and similar rights | 25 | €22,448 | €12,113 | -€10,335 | -46.0% |
| Current assets | 29/58 | €983,354 | €1,302,713 | +€319,360 | +32.5% |
| Stocks and contracts in progress | 3 | €700,000 | €875,000 | +€175,000 | +25.0% |
| Contracts in progress | 37 | €700,000 | €875,000 | +€175,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €278,418 | €384,328 | +€105,910 | +38.0% |
| Trade receivables | 40 | €242,029 | €357,149 | +€115,120 | +47.6% |
| Other amounts receivable | 41 | €36,389 | €27,179 | -€9,210 | -25.3% |
| Cash at bank and in hand | 54/58 | €4,935 | €43,385 | +€38,450 | +779.1% |
| Total equity and liabilities | 10/49 | €1,014,131 | €1,319,910 | +€305,779 | +30.2% |
| Equity | 10/15 | €152,527 | €195,914 | +€43,387 | +28.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,527 | €190,914 | +€43,387 | +29.4% |
| Distributable reserves | 133 | €147,527 | €190,914 | +€43,387 | +29.4% |
| Amounts payable | 17/49 | €861,604 | €1,123,996 | +€262,392 | +30.5% |
| Amounts payable after more than one year | 17 | €117,305 | €268,564 | +€151,258 | +128.9% |
| Financial debts | 170/4 | €117,305 | €268,564 | +€151,258 | +128.9% |
| Amounts payable within one year | 42/48 | €744,299 | €855,433 | +€111,133 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €8,803 | €40,450 | +€31,647 | +359.5% |
| Financial debts | 43 | €10,000 | €12,472 | +€2,472 | +24.7% |
| Credit institutions | 430/8 | €10,000 | €12,472 | +€2,472 | +24.7% |
| Trade debts | 44 | €255,484 | €399,623 | +€144,139 | +56.4% |
| Suppliers | 440/4 | €255,484 | €399,623 | +€144,139 | +56.4% |
| Taxes, remuneration and social security | 45 | €32,572 | €18,635 | -€13,936 | -42.8% |
| Taxes | 450/3 | €21,889 | €7,764 | -€14,124 | -64.5% |
| Remuneration and social security | 454/9 | €10,683 | €10,871 | +€188 | +1.8% |
| Other amounts payable | 47/48 | €437,440 | €384,251 | -€53,189 | -12.2% |
| Remuneration, social security and pensions | 62 | €50,609 | €57,411 | +€6,803 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,005 | €13,581 | -€1,424 | -9.5% |
| Other operating charges | 640/8 | €7,226 | €5,403 | -€1,823 | -25.2% |
| Gross operating margin | 9900 | €151,070 | €169,247 | +€18,177 | +12.0% |
| Operating profit (loss) | 9901 | €78,231 | €92,852 | +€14,621 | +18.7% |
| Financial income | 75/76B | €98 | €432 | +€333 | +340.0% |
| Recurring financial income | 75 | €98 | €432 | +€333 | +340.0% |
| Financial charges | 65/66B | €10,898 | €25,500 | +€14,601 | +134.0% |
| Recurring financial charges | 65 | €10,898 | €25,500 | +€14,601 | +134.0% |
| Profit (loss) for the period before taxes | 9903 | €67,431 | €67,783 | +€353 | +0.5% |
| Income taxes | 67/77 | €23,403 | €24,397 | +€994 | +4.2% |
| Profit (loss) for the period | 9904 | €44,028 | €43,387 | -€641 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,028 | €43,387 | -€641 | -1.5% |
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 12 October 2026 via checked.be.