JDF: 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.
JDF
Largest movements
- Tangible fixed assets -€35,072
down €35,072 (-11.0%), from €320,215 to €285,143
of which Land and buildings: -€26,867
- Receivables within one year -€22,305
down €22,305 (-29.4%), from €75,909 to €53,604
of which Trade receivables: -€17,063
- Cash +€17,178
up €17,178 (+8.1%), from €212,585 to €229,762
mainly Net result for the year (+€85,100) and Depreciation (+€48,199)
- Reserves +€46,600
up €46,600 (+19.2%), from €242,887 to €289,487
- Other debts -€34,871
down €34,871 (-81.2%), from €42,939 to €8,068
- Trade debts -€25,815
down €25,815 (-65.2%), from €39,602 to €13,787
- Debts after one year -€24,136
down €24,136 (-10.0%), from €242,430 to €218,294
- Gross operating margin +€35,933
up €35,933 (+14.3%), from €251,206 to €287,139
- Staff costs -€8,517
down €8,517 (-6.3%), from €135,788 to €127,271
- Taxes +€5,173
up €5,173 (+27.1%), from €19,082 to €24,255
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,818 | €594,793 | -€38,025 | -6.0% |
| Fixed assets | 21/28 | €322,537 | €288,519 | -€34,018 | -10.5% |
| Intangible fixed assets | 21 | €2,322 | €3,376 | +€1,054 | +45.4% |
| Tangible fixed assets | 22/27 | €320,215 | €285,143 | -€35,072 | -11.0% |
| Land and buildings | 22 | €284,714 | €257,847 | -€26,867 | -9.4% |
| Plant, machinery and equipment | 23 | €2,726 | €3,946 | +€1,220 | +44.8% |
| Furniture and vehicles | 24 | €32,775 | €23,350 | -€9,425 | -28.8% |
| Current assets | 29/58 | €310,281 | €306,274 | -€4,007 | -1.3% |
| Stocks and contracts in progress | 3 | €18,000 | €18,000 | = | 0.0% |
| Stocks | 30/36 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,909 | €53,604 | -€22,305 | -29.4% |
| Trade receivables | 40 | €70,667 | €53,604 | -€17,063 | -24.1% |
| Other amounts receivable | 41 | €5,242 | €0 | -€5,242 | -100% |
| Cash at bank and in hand | 54/58 | €212,585 | €229,762 | +€17,178 | +8.1% |
| Deferred charges and accrued income | 490/1 | €3,788 | €4,908 | +€1,120 | +29.6% |
| Total equity and liabilities | 10/49 | €632,818 | €594,793 | -€38,025 | -6.0% |
| Equity | 10/15 | €261,487 | €308,087 | +€46,600 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,887 | €289,487 | +€46,600 | +19.2% |
| Distributable reserves | 133 | €242,887 | €289,487 | +€46,600 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €371,331 | €286,706 | -€84,625 | -22.8% |
| Amounts payable after more than one year | 17 | €242,430 | €218,294 | -€24,136 | -10.0% |
| Financial debts | 170/4 | €242,430 | €218,294 | -€24,136 | -10.0% |
| Amounts payable within one year | 42/48 | €127,714 | €68,002 | -€59,711 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €23,755 | €24,136 | +€380 | +1.6% |
| Trade debts | 44 | €39,602 | €13,787 | -€25,815 | -65.2% |
| Suppliers | 440/4 | €39,602 | €13,787 | -€25,815 | -65.2% |
| Taxes, remuneration and social security | 45 | €21,417 | €22,012 | +€595 | +2.8% |
| Taxes | 450/3 | €7,698 | €7,401 | -€297 | -3.9% |
| Remuneration and social security | 454/9 | €13,718 | €14,611 | +€892 | +6.5% |
| Other amounts payable | 47/48 | €42,939 | €8,068 | -€34,871 | -81.2% |
| Accrued charges and deferred income | 492/3 | €1,187 | €409 | -€778 | -65.5% |
| Remuneration, social security and pensions | 62 | €135,788 | €127,271 | -€8,517 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,131 | €48,199 | +€68 | +0.1% |
| Other operating charges | 640/8 | €3,825 | €2,934 | -€891 | -23.3% |
| Gross operating margin | 9900 | €251,206 | €287,139 | +€35,933 | +14.3% |
| Operating profit (loss) | 9901 | €63,463 | €108,736 | +€45,272 | +71.3% |
| Financial income | 75/76B | €4,332 | €6,023 | +€1,691 | +39.0% |
| Recurring financial income | 75 | €4,332 | €6,023 | +€1,691 | +39.0% |
| Financial charges | 65/66B | €4,133 | €5,404 | +€1,271 | +30.7% |
| Recurring financial charges | 65 | €4,133 | €5,404 | +€1,271 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €63,662 | €109,355 | +€45,693 | +71.8% |
| Income taxes | 67/77 | €19,082 | €24,255 | +€5,173 | +27.1% |
| Profit (loss) for the period | 9904 | €44,580 | €85,100 | +€40,520 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,580 | €85,100 | +€40,520 | +90.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.