JDB INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€57,489
up €57,489 (+5.1%), from €1.1m to €1.2m
of which Land and buildings: +€47,167
- Other debts +€86,083
up €86,083 (+38.5%), from €223,792 to €309,875
- Debts after one year -€32,652
down €32,652 (-5.8%), from €562,260 to €529,608
of which Financial debts: -€22,652
- Current portion of long-term debt +€17,258
up €17,258 (+19.4%), from €89,030 to €106,288
- Reserves -€14,791
down €14,791 (-11.5%), from €128,354 to €113,563
of which Distributable reserves: -€14,791
- Accrued charges and deferred income +€12,377
up €12,377 (+270%), from €4,585 to €16,962
- Gross operating margin -€41,008
down €41,008 (-30.0%), from €136,858 to €95,850
- Depreciation +€9,230
up €9,230 (+14.1%), from €65,665 to €74,896
- Financial charges -€6,853
down €6,853 (-24.9%), from €27,528 to €20,675
- Other operating charges -€3,347
down €3,347 (-25.4%), from €13,156 to €9,808
- Taxes -€2,678
down €2,678 (-34.0%), from €7,881 to €5,203
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 | €1,140,571 | €1,198,184 | +€57,612 | +5.1% |
| Fixed assets | 21/28 | €1,131,284 | €1,188,773 | +€57,489 | +5.1% |
| Tangible fixed assets | 22/27 | €1,131,284 | €1,188,773 | +€57,489 | +5.1% |
| Land and buildings | 22 | €1,109,144 | €1,156,311 | +€47,167 | +4.3% |
| Plant, machinery and equipment | 23 | €10,528 | €29,836 | +€19,308 | +183% |
| Furniture and vehicles | 24 | €314 | €1,759 | +€1,445 | +460% |
| Leasing and similar rights | 25 | €11,297 | €866 | -€10,431 | -92.3% |
| Current assets | 29/58 | €9,288 | €9,410 | +€123 | +1.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,809 | €207 | -€1,602 | -88.6% |
| Deferred charges and accrued income | 490/1 | €7,478 | €9,203 | +€1,725 | +23.1% |
| Total equity and liabilities | 10/49 | €1,140,571 | €1,198,184 | +€57,612 | +5.1% |
| Equity | 10/15 | €188,354 | €173,563 | -€14,791 | -7.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €128,354 | €113,563 | -€14,791 | -11.5% |
| Tax-exempt reserves | 132 | €9,658 | €9,658 | = | 0.0% |
| Distributable reserves | 133 | €118,695 | €103,904 | -€14,791 | -12.5% |
| Amounts payable | 17/49 | €952,217 | €1,024,621 | +€72,403 | +7.6% |
| Amounts payable after more than one year | 17 | €562,260 | €529,608 | -€32,652 | -5.8% |
| Financial debts | 170/4 | €407,260 | €384,608 | -€22,652 | -5.6% |
| Other amounts payable | 178/9 | €155,000 | €145,000 | -€10,000 | -6.5% |
| Amounts payable within one year | 42/48 | €385,372 | €478,051 | +€92,679 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €89,030 | €106,288 | +€17,258 | +19.4% |
| Financial debts | 43 | - | €1,650 | +€1,650 | |
| Other loans | 439 | - | €1,650 | +€1,650 | |
| Trade debts | 44 | €25,531 | €22,703 | -€2,828 | -11.1% |
| Suppliers | 440/4 | €25,531 | €22,703 | -€2,828 | -11.1% |
| Taxes, remuneration and social security | 45 | €47,019 | €37,534 | -€9,485 | -20.2% |
| Taxes | 450/3 | €45,509 | €37,534 | -€7,975 | -17.5% |
| Remuneration and social security | 454/9 | €1,510 | €0 | -€1,510 | -100% |
| Other amounts payable | 47/48 | €223,792 | €309,875 | +€86,083 | +38.5% |
| Accrued charges and deferred income | 492/3 | €4,585 | €16,962 | +€12,377 | +270% |
| Non-recurring operating income | 76A | €4,959 | €7,612 | +€2,653 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,665 | €74,896 | +€9,230 | +14.1% |
| Other operating charges | 640/8 | €13,156 | €9,808 | -€3,347 | -25.4% |
| Non-recurring operating charges | 66A | - | €130 | +€130 | |
| Gross operating margin | 9900 | €136,858 | €95,850 | -€41,008 | -30.0% |
| Operating profit (loss) | 9901 | €58,037 | €11,016 | -€47,021 | -81.0% |
| Financial income | 75/76B | €4 | €70 | +€66 | +1,861% |
| Recurring financial income | 75 | €4 | €70 | +€66 | +1,861% |
| Financial charges | 65/66B | €27,528 | €20,675 | -€6,853 | -24.9% |
| Recurring financial charges | 65 | €27,528 | €20,675 | -€6,853 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €30,513 | -€9,589 | -€40,101 | |
| Income taxes | 67/77 | €7,881 | €5,203 | -€2,678 | -34.0% |
| Profit (loss) for the period | 9904 | €22,632 | -€14,791 | -€37,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,632 | -€14,791 | -€37,423 |
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 27 October 2026 via checked.be.