JDF PROJECTS: 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 PROJECTS
Largest movements
- Cash +€24,808
up €24,808 (+43.2%), from €57,456 to €82,264
mainly Other debts (+€48,244) and Net result for the year (+€39,620)
- Tangible fixed assets -€10,763
down €10,763 (-35.6%), from €30,247 to €19,484
of which Leasing and similar rights: -€6,969
- Receivables within one year +€7,830
up €7,830 (+53.2%), from €14,718 to €22,548
of which Trade receivables: +€13,121
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
- Other debts +€48,244
up €48,244 (+93.8%), from €51,436 to €99,680
- Profit (loss) carried forward -€20,381
down €20,381 (-62.8%), from €32,447 to €12,066
- Debts after one year -€5,430
down €5,430 (-100%), from €5,430 to €0
- Trade debts +€4,162
up €4,162 (+300%), from €1,385 to €5,547
- Tax, wage and social debts -€1,380
down €1,380 (-46.7%), from €2,953 to €1,573
- Gross operating margin +€10,968
up €10,968 (+21.4%), from €51,372 to €62,340
- Taxes +€1,291
up €1,291 (+13.7%), from €9,408 to €10,699
- Depreciation +€994
up €994 (+10.2%), from €9,769 to €10,763
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 | €102,422 | €128,296 | +€25,875 | +25.3% |
| Fixed assets | 21/28 | €30,247 | €19,484 | -€10,763 | -35.6% |
| Tangible fixed assets | 22/27 | €30,247 | €19,484 | -€10,763 | -35.6% |
| Furniture and vehicles | 24 | €9,893 | €6,915 | -€2,978 | -30.1% |
| Leasing and similar rights | 25 | €13,117 | €6,148 | -€6,969 | -53.1% |
| Other tangible fixed assets | 26 | €7,237 | €6,421 | -€816 | -11.3% |
| Current assets | 29/58 | €72,175 | €108,812 | +€36,638 | +50.8% |
| Amounts receivable within one year | 40/41 | €14,718 | €22,548 | +€7,830 | +53.2% |
| Trade receivables | 40 | €9,126 | €22,247 | +€13,121 | +144% |
| Other amounts receivable | 41 | €5,592 | €301 | -€5,291 | -94.6% |
| Cash at bank and in hand | 54/58 | €57,456 | €82,264 | +€24,808 | +43.2% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €102,422 | €128,296 | +€25,875 | +25.3% |
| Equity | 10/15 | €36,447 | €16,066 | -€20,381 | -55.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,447 | €12,066 | -€20,381 | -62.8% |
| Amounts payable | 17/49 | €65,975 | €112,230 | +€46,255 | +70.1% |
| Amounts payable after more than one year | 17 | €5,430 | €0 | -€5,430 | -100% |
| Financial debts | 170/4 | €5,430 | €0 | -€5,430 | -100% |
| Amounts payable within one year | 42/48 | €60,545 | €112,230 | +€51,685 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | €4,771 | €5,430 | +€659 | +13.8% |
| Trade debts | 44 | €1,385 | €5,547 | +€4,162 | +300% |
| Suppliers | 440/4 | €1,385 | €5,547 | +€4,162 | +300% |
| Taxes, remuneration and social security | 45 | €2,953 | €1,573 | -€1,380 | -46.7% |
| Taxes | 450/3 | €2,953 | €1,573 | -€1,380 | -46.7% |
| Other amounts payable | 47/48 | €51,436 | €99,680 | +€48,244 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,769 | €10,763 | +€994 | +10.2% |
| Other operating charges | 640/8 | €1,518 | €1,050 | -€468 | -30.8% |
| Gross operating margin | 9900 | €51,372 | €62,340 | +€10,968 | +21.4% |
| Operating profit (loss) | 9901 | €40,085 | €50,527 | +€10,442 | +26.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €294 | €209 | -€85 | -28.9% |
| Recurring financial charges | 65 | €294 | €209 | -€85 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €39,791 | €50,318 | +€10,528 | +26.5% |
| Income taxes | 67/77 | €9,408 | €10,699 | +€1,291 | +13.7% |
| Profit (loss) for the period | 9904 | €30,383 | €39,620 | +€9,237 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,383 | €39,620 | +€9,237 | +30.4% |
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 16 October 2026 via checked.be.