JDF BEHEER: 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 BEHEER
Largest movements
- Tangible fixed assets +€344,421
up €344,421 (+123%), from €280,465 to €624,886
of which Land and buildings: +€351,640
- Receivables within one year +€43,428
up €43,428 (+681%), from €6,374 to €49,802
of which Other amounts receivable: +€34,543
- Cash -€10,912
down €10,912 (-50.1%), from €21,779 to €10,866
mainly Investment in fixed assets (net) (-€370,320) and Receivables within one year (-€43,428)
- Debts after one year +€351,522
up €351,522 (+146%), from €240,619 to €592,142
- Reserves +€13,900
up €13,900 (+29.8%), from €46,593 to €60,492
- Current portion of long-term debt +€10,158
up €10,158 (+92.7%), from €10,952 to €21,110
- Depreciation -€19,088
down €19,088 (-42.4%), from €44,987 to €25,900
- Financial charges +€16,466
up €16,466 (+627%), from €2,626 to €19,092
- Gross operating margin +€10,054
up €10,054 (+19.5%), from €51,437 to €61,491
- Financial income -€1,060
down €1,060 (-87.9%), from €1,206 to €146
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 | €308,727 | €685,869 | +€377,141 | +122% |
| Fixed assets | 21/28 | €280,465 | €624,886 | +€344,421 | +123% |
| Tangible fixed assets | 22/27 | €280,465 | €624,886 | +€344,421 | +123% |
| Land and buildings | 22 | - | €351,640 | +€351,640 | |
| Furniture and vehicles | 24 | €2,134 | €2,165 | +€31 | +1.5% |
| Other tangible fixed assets | 26 | €278,331 | €271,081 | -€7,250 | -2.6% |
| Current assets | 29/58 | €28,262 | €60,983 | +€32,721 | +116% |
| Amounts receivable within one year | 40/41 | €6,374 | €49,802 | +€43,428 | +681% |
| Trade receivables | 40 | €2,323 | €11,208 | +€8,885 | +382% |
| Other amounts receivable | 41 | €4,051 | €38,594 | +€34,543 | +853% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,779 | €10,866 | -€10,912 | -50.1% |
| Deferred charges and accrued income | 490/1 | €109 | €314 | +€205 | +187% |
| Total equity and liabilities | 10/49 | €308,727 | €685,869 | +€377,141 | +122% |
| Equity | 10/15 | €46,593 | €60,492 | +€13,900 | +29.8% |
| Reserves | 13 | €46,593 | €60,492 | +€13,900 | +29.8% |
| Distributable reserves | 133 | €46,593 | €60,492 | +€13,900 | +29.8% |
| Amounts payable | 17/49 | €262,135 | €625,376 | +€363,242 | +139% |
| Amounts payable after more than one year | 17 | €240,619 | €592,142 | +€351,522 | +146% |
| Financial debts | 170/4 | €240,619 | €592,142 | +€351,522 | +146% |
| Amounts payable within one year | 42/48 | €20,213 | €28,150 | +€7,937 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €10,952 | €21,110 | +€10,158 | +92.7% |
| Trade debts | 44 | €4,929 | €135 | -€4,793 | -97.3% |
| Suppliers | 440/4 | €4,929 | €135 | -€4,793 | -97.3% |
| Taxes, remuneration and social security | 45 | €1,042 | €1,390 | +€348 | +33.4% |
| Taxes | 450/3 | €1,042 | €1,390 | +€348 | +33.4% |
| Other amounts payable | 47/48 | €3,291 | €5,515 | +€2,224 | +67.6% |
| Accrued charges and deferred income | 492/3 | €1,302 | €5,084 | +€3,783 | +291% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,987 | €25,900 | -€19,088 | -42.4% |
| Other operating charges | 640/8 | €1,085 | €1,355 | +€270 | +24.9% |
| Gross operating margin | 9900 | €51,437 | €61,491 | +€10,054 | +19.5% |
| Operating profit (loss) | 9901 | €5,365 | €34,236 | +€28,872 | +538% |
| Financial income | 75/76B | €1,206 | €146 | -€1,060 | -87.9% |
| Recurring financial income | 75 | €1,206 | €146 | -€1,060 | -87.9% |
| Financial charges | 65/66B | €2,626 | €19,092 | +€16,466 | +627% |
| Recurring financial charges | 65 | €2,626 | €19,092 | +€16,466 | +627% |
| Profit (loss) for the period before taxes | 9903 | €3,944 | €15,290 | +€11,345 | +288% |
| Income taxes | 67/77 | €1,307 | €1,390 | +€83 | +6.4% |
| Profit (loss) for the period | 9904 | €2,638 | €13,900 | +€11,262 | +427% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €13,900 | +€11,262 | +427% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.