JDE: 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.
What changed
JDE
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€1.5m
31-12-2024 · €374,815+€1.1m
Equity
€2.5m
31-12-2024 · €1.0m+€1.5m
Cash
€2,517
31-12-2024 · €2,871-€354
Balance sheet total
€15.0m
31-12-2024 · €14.6m+€401,643
Largest movements
Assets
- Financial fixed assets +€381,000
up €381,000 (+4.0%), from €9.6m to €10.0m
Equity and liabilities
- Debts after one year -€1.6m
down €1.6m (-16.1%), from €10.1m to €8.4m
of which Other amounts payable: -€822,021
- Reserves +€1.5m
up €1.5m (+145%), from €1.0m to €2.5m
- Other debts +€462,426
up €462,426 (+17.7%), from €2.6m to €3.1m
Income statement
- Financial income +€1.1m
up €1.1m (+302%), from €375,589 to €1.5m
of which Financial income: +€903,391
- Gross operating margin +€317,689
up €317,689 (+109%), from €291,663 to €609,352
- Financial charges +€236,767
up €236,767 (+103%), from €229,960 to €466,726
- Depreciation +€53,971
up €53,971 (+98.2%), from €54,985 to €108,956
- Other operating charges +€22,392
up €22,392 (+898%), from €2,493 to €24,885
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€374,815
Gross operating margin
+€317,689
Depreciation
-€53,971
Other operating charges
-€22,392
Financial income
+€1.1m
Financial charges
-€236,767
Taxes
-€15,889
Result 31-12-2025
€1.5m
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.0m
Investment
-€381,000
Financing
-€1.7m
Cash 31-12-2024
€2,871
From operations (derived)
+€2.0m
Net result for the year
+€1.5m
Depreciation
+€108,956
Receivables after one year
-€32,799
Receivables within one year
-€97,154
Trade debts
+€17,529
Tax, wage and social debts
-€24,200
Advances received
+€112,500
Other debts
+€462,426
Accrued charges and deferred income
-€8,819
Investment (derived)
-€381,000
Investment in fixed assets (net)
-€381,000
Financing
-€1.7m
Debts after one year
-€1.6m
Current portion of long-term debt
-€33,333
Cash 31-12-2025
€2,517
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,618,735 | €15,020,378 | +€401,643 | +2.7% |
| Fixed assets | 21/28 | €12,228,882 | €12,500,925 | +€272,044 | +2.2% |
| Tangible fixed assets | 22/27 | €2,601,846 | €2,492,890 | -€108,956 | -4.2% |
| Land and buildings | 22 | €2,601,846 | €2,492,890 | -€108,956 | -4.2% |
| Financial fixed assets | 28 | €9,627,035 | €10,008,035 | +€381,000 | +4.0% |
| Current assets | 29/58 | €2,389,854 | €2,519,453 | +€129,599 | +5.4% |
| Amounts receivable after more than one year | 29 | €728,864 | €761,663 | +€32,799 | +4.5% |
| Other amounts receivable | 291 | €728,864 | €761,663 | +€32,799 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,658,119 | €1,755,273 | +€97,154 | +5.9% |
| Trade receivables | 40 | €21,047 | €2,843 | -€18,204 | -86.5% |
| Other amounts receivable | 41 | €1,637,072 | €1,752,430 | +€115,358 | +7.0% |
| Cash at bank and in hand | 54/58 | €2,871 | €2,517 | -€354 | -12.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,618,735 | €15,020,378 | +€401,643 | +2.7% |
| Equity | 10/15 | €1,031,897 | €2,530,773 | +€1.5m | +145% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €1,031,897 | €2,530,773 | +€1.5m | +145% |
| Distributable reserves | 133 | €1,031,897 | €2,530,773 | +€1.5m | +145% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,586,839 | €12,489,606 | -€1.1m | -8.1% |
| Amounts payable after more than one year | 17 | €10,058,835 | €8,435,499 | -€1.6m | -16.1% |
| Financial debts | 170/4 | €6,391,837 | €5,590,522 | -€801,315 | -12.5% |
| Other amounts payable | 178/9 | €3,666,998 | €2,844,977 | -€822,021 | -22.4% |
| Amounts payable within one year | 42/48 | €3,503,424 | €4,038,346 | +€534,922 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €834,649 | €801,315 | -€33,333 | -4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,776 | €25,305 | +€17,529 | +225% |
| Suppliers | 440/4 | €7,776 | €25,305 | +€17,529 | +225% |
| Advances received on contracts in progress | 46 | - | €112,500 | +€112,500 | |
| Taxes, remuneration and social security | 45 | €45,200 | €21,000 | -€24,200 | -53.5% |
| Taxes | 450/3 | €45,200 | €21,000 | -€24,200 | -53.5% |
| Other amounts payable | 47/48 | €2,615,800 | €3,078,226 | +€462,426 | +17.7% |
| Accrued charges and deferred income | 492/3 | €24,579 | €15,760 | -€8,819 | -35.9% |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,985 | €108,956 | +€53,971 | +98.2% |
| Other operating charges | 640/8 | €2,493 | €24,885 | +€22,392 | +898% |
| Gross operating margin | 9900 | €291,663 | €609,352 | +€317,689 | +109% |
| Operating profit (loss) | 9901 | €234,185 | €475,512 | +€241,326 | +103% |
| Financial income | 75/76B | €375,589 | €1,510,980 | +€1.1m | +302% |
| Recurring financial income | 75 | €15,589 | €918,980 | +€903,391 | +5,795% |
| Non-recurring financial income | 76B | €360,000 | €592,000 | +€232,000 | +64.4% |
| Financial charges | 65/66B | €229,960 | €466,726 | +€236,767 | +103% |
| Recurring financial charges | 65 | €229,960 | €466,726 | +€236,767 | +103% |
| Profit (loss) for the period before taxes | 9903 | €379,815 | €1,519,766 | +€1.1m | +300% |
| Income taxes | 67/77 | €5,000 | €20,889 | +€15,889 | +318% |
| Profit (loss) for the period | 9904 | €374,815 | €1,498,876 | +€1.1m | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €374,815 | €1,498,876 | +€1.1m | +300% |
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 21 October 2026 via checked.be.