JDG: 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.
JDG
Largest movements
- Cash +€95,043
up €95,043 (+88.6%), from €107,272 to €202,316
mainly Net result for the year (+€108,024) and Receivables within one year (+€54,863)
- Receivables within one year -€54,863
down €54,863 (-88.7%), from €61,819 to €6,957
of which Other amounts receivable: -€59,863
- Tangible fixed assets -€22,824
down €22,824 (-9.7%), from €235,196 to €212,373
of which Land and buildings: -€19,386
- Deferred charges and accrued income +€15,306
up €15,306 (+9.3%), from €164,197 to €179,504
- Reserves +€29,613
up €29,613 (+5.8%), from €509,380 to €538,993
- Tax, wage and social debts +€12,751
up €12,751 (+176%), from €7,250 to €20,001
- Current portion of long-term debt -€9,060
down €9,060 (-100%), from €9,060 to €0
- Gross operating margin +€52,572
up €52,572 (+36.9%), from €142,329 to €194,901
- Taxes +€13,425
up €13,425 (+39.6%), from €33,889 to €47,314
- Financial income -€3,659
down €3,659 (-60.1%), from €6,084 to €2,425
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 | €568,485 | €601,149 | +€32,663 | +5.7% |
| Fixed assets | 21/28 | €235,196 | €212,373 | -€22,824 | -9.7% |
| Tangible fixed assets | 22/27 | €235,196 | €212,373 | -€22,824 | -9.7% |
| Land and buildings | 22 | €181,236 | €161,850 | -€19,386 | -10.7% |
| Plant, machinery and equipment | 23 | €138 | €69 | -€69 | -50.0% |
| Furniture and vehicles | 24 | €53,822 | €50,454 | -€3,368 | -6.3% |
| Current assets | 29/58 | €333,289 | €388,776 | +€55,487 | +16.6% |
| Amounts receivable within one year | 40/41 | €61,819 | €6,957 | -€54,863 | -88.7% |
| Trade receivables | 40 | €500 | €5,500 | +€5,000 | +1,000% |
| Other amounts receivable | 41 | €61,319 | €1,457 | -€59,863 | -97.6% |
| Cash at bank and in hand | 54/58 | €107,272 | €202,316 | +€95,043 | +88.6% |
| Deferred charges and accrued income | 490/1 | €164,197 | €179,504 | +€15,306 | +9.3% |
| Total equity and liabilities | 10/49 | €568,485 | €601,149 | +€32,663 | +5.7% |
| Equity | 10/15 | €515,578 | €545,190 | +€29,613 | +5.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €509,380 | €538,993 | +€29,613 | +5.8% |
| Distributable reserves | 133 | €509,380 | €538,993 | +€29,613 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,908 | €55,958 | +€3,050 | +5.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,504 | €27,851 | +€5,347 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €9,060 | €0 | -€9,060 | -100% |
| Trade debts | 44 | €625 | €2,337 | +€1,711 | +274% |
| Suppliers | 440/4 | €625 | €2,337 | +€1,711 | +274% |
| Taxes, remuneration and social security | 45 | €7,250 | €20,001 | +€12,751 | +176% |
| Taxes | 450/3 | €7,250 | €20,001 | +€12,751 | +176% |
| Other amounts payable | 47/48 | €5,568 | €5,513 | -€55 | -1.0% |
| Accrued charges and deferred income | 492/3 | €30,404 | €28,107 | -€2,296 | -7.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,664 | €36,768 | +€1,104 | +3.1% |
| Other operating charges | 640/8 | €2,828 | €2,917 | +€88 | +3.1% |
| Gross operating margin | 9900 | €142,329 | €194,901 | +€52,572 | +36.9% |
| Operating profit (loss) | 9901 | €103,836 | €155,216 | +€51,380 | +49.5% |
| Financial income | 75/76B | €6,084 | €2,425 | -€3,659 | -60.1% |
| Recurring financial income | 75 | €6,084 | €2,425 | -€3,659 | -60.1% |
| Financial charges | 65/66B | €2,521 | €2,303 | -€218 | -8.7% |
| Recurring financial charges | 65 | €2,521 | €2,303 | -€218 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €107,399 | €155,338 | +€47,939 | +44.6% |
| Income taxes | 67/77 | €33,889 | €47,314 | +€13,425 | +39.6% |
| Profit (loss) for the period | 9904 | €73,510 | €108,024 | +€34,514 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,510 | €108,024 | +€34,514 | +47.0% |
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.