JDG-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.
JDG-Projects
Largest movements
- Tangible fixed assets -€19,910
down €19,910 (-32.4%), from €61,488 to €41,579
of which Furniture and vehicles: -€12,171
- Receivables within one year -€19,659
down €19,659 (-9.8%), from €199,841 to €180,183
of which Other amounts receivable: -€10,832
- Deferred charges and accrued income -€10,437
down €10,437 (-28.6%), from €36,555 to €26,118
- Cash +€10,408
up €10,408 (+14.7%), from €70,597 to €81,005
mainly Depreciation (+€22,912) and Receivables within one year (+€19,659)
- Trade debts -€40,943
down €40,943 (-74.4%), from €55,031 to €14,088
- Reserves +€14,771
up €14,771 (+9.4%), from €157,469 to €172,240
of which Distributable reserves: +€14,771
- Tax, wage and social debts -€9,265
down €9,265 (-20.3%), from €45,648 to €36,383
of which Remuneration and social security: -€8,661
- Debts after one year -€4,192
down €4,192 (-53.6%), from €7,822 to €3,630
- Financial charges +€84,958
up €84,958 (+1,055%), from €8,050 to €93,008
- Gross operating margin -€24,510
down €24,510 (-10.7%), from €230,030 to €205,521
- Taxes -€21,824
down €21,824 (-68.5%), from €31,845 to €10,021
- Staff costs -€10,346
down €10,346 (-12.7%), from €81,780 to €71,434
- Financial income +€5,497
up €5,497 (+280%), from €1,960 to €7,457
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 | €379,194 | €339,574 | -€39,620 | -10.4% |
| Fixed assets | 21/28 | €62,001 | €42,068 | -€19,933 | -32.1% |
| Intangible fixed assets | 21 | €212 | €189 | -€23 | -10.8% |
| Tangible fixed assets | 22/27 | €61,488 | €41,579 | -€19,910 | -32.4% |
| Plant, machinery and equipment | 23 | €11,724 | €6,967 | -€4,757 | -40.6% |
| Furniture and vehicles | 24 | €37,211 | €25,041 | -€12,171 | -32.7% |
| Other tangible fixed assets | 26 | €12,553 | €9,571 | -€2,982 | -23.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €317,193 | €297,506 | -€19,687 | -6.2% |
| Amounts receivable after more than one year | 29 | €10,200 | €10,200 | = | 0.0% |
| Other amounts receivable | 291 | €10,200 | €10,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €199,841 | €180,183 | -€19,659 | -9.8% |
| Trade receivables | 40 | €59,602 | €50,776 | -€8,827 | -14.8% |
| Other amounts receivable | 41 | €140,239 | €129,407 | -€10,832 | -7.7% |
| Cash at bank and in hand | 54/58 | €70,597 | €81,005 | +€10,408 | +14.7% |
| Deferred charges and accrued income | 490/1 | €36,555 | €26,118 | -€10,437 | -28.6% |
| Total equity and liabilities | 10/49 | €379,194 | €339,574 | -€39,620 | -10.4% |
| Equity | 10/15 | €195,969 | €210,740 | +€14,771 | +7.5% |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Reserves | 13 | €157,469 | €172,240 | +€14,771 | +9.4% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €115,369 | €130,140 | +€14,771 | +12.8% |
| Provisions and deferred taxes | 16 | €70,501 | €70,501 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,501 | €70,501 | = | 0.0% |
| Other liabilities and charges | 164/5 | €70,501 | €70,501 | = | 0.0% |
| Amounts payable | 17/49 | €112,724 | €58,334 | -€54,391 | -48.3% |
| Amounts payable after more than one year | 17 | €7,822 | €3,630 | -€4,192 | -53.6% |
| Financial debts | 170/4 | €7,822 | €3,630 | -€4,192 | -53.6% |
| Amounts payable within one year | 42/48 | €104,902 | €54,704 | -€50,198 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €4,021 | €4,192 | +€171 | +4.3% |
| Financial debts | 43 | €202 | €40 | -€162 | -80.2% |
| Credit institutions | 430/8 | €202 | €40 | -€162 | -80.2% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €55,031 | €14,088 | -€40,943 | -74.4% |
| Suppliers | 440/4 | €55,031 | €14,088 | -€40,943 | -74.4% |
| Taxes, remuneration and social security | 45 | €45,648 | €36,383 | -€9,265 | -20.3% |
| Taxes | 450/3 | €36,986 | €36,383 | -€603 | -1.6% |
| Remuneration and social security | 454/9 | €8,661 | €0 | -€8,661 | -100% |
| Non-recurring operating income | 76A | €10,757 | €0 | -€10,757 | -100% |
| Remuneration, social security and pensions | 62 | €81,780 | €71,434 | -€10,346 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,109 | €22,912 | +€1,803 | +8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,983 | €832 | -€1,152 | -58.1% |
| Gross operating margin | 9900 | €230,030 | €205,521 | -€24,510 | -10.7% |
| Operating profit (loss) | 9901 | €125,158 | €110,343 | -€14,816 | -11.8% |
| Financial income | 75/76B | €1,960 | €7,457 | +€5,497 | +280% |
| Recurring financial income | 75 | €1,960 | €7,457 | +€5,497 | +280% |
| Financial charges | 65/66B | €8,050 | €93,008 | +€84,958 | +1,055% |
| Recurring financial charges | 65 | €8,050 | €93,008 | +€84,958 | +1,055% |
| Profit (loss) for the period before taxes | 9903 | €119,068 | €24,792 | -€94,276 | -79.2% |
| Income taxes | 67/77 | €31,845 | €10,021 | -€21,824 | -68.5% |
| Profit (loss) for the period | 9904 | €87,223 | €14,771 | -€72,452 | -83.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €45,123 | €14,771 | -€30,352 | -67.3% |
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.