JDH: 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.
JDH
Largest movements
- Tangible fixed assets -€20,245
down €20,245 (-6.2%), from €324,585 to €304,340
of which Land and buildings: -€20,851
- Debts after one year -€81,059
down €81,059 (-19.9%), from €407,536 to €326,477
- Reserves +€58,405
up €58,405 (+64.7%), from €90,205 to €148,610
- Gross operating margin +€83,271
up €83,271 (+250.7%), from €33,212 to €116,484
- Financial income -€29,999
down €29,999 (-100.0%), from €30,000 to €1
- Taxes +€18,652
up €18,652 (+1063.1%), from €1,755 to €20,407
- Depreciation -€7,232
down €7,232 (-29.4%), from €24,560 to €17,328
- Financial charges -€1,836
down €1,836 (-10.2%), from €18,025 to €16,189
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.
Cash bridge derived
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 | €1,105,941 | €1,093,976 | -€11,965 | -1.1% |
| Fixed assets | 21/28 | €1,074,610 | €1,054,365 | -€20,245 | -1.9% |
| Tangible fixed assets | 22/27 | €324,585 | €304,340 | -€20,245 | -6.2% |
| Land and buildings | 22 | €315,196 | €294,345 | -€20,851 | -6.6% |
| Plant, machinery and equipment | 23 | €8,554 | €7,901 | -€654 | -7.6% |
| Furniture and vehicles | 24 | €834 | €2,094 | +€1,259 | +150.9% |
| Financial fixed assets | 28 | €750,025 | €750,025 | = | 0.0% |
| Current assets | 29/58 | €31,331 | €39,611 | +€8,280 | +26.4% |
| Amounts receivable within one year | 40/41 | €87 | €86 | -€1 | -1.6% |
| Trade receivables | 40 | €59 | €25 | -€34 | -57.5% |
| Other amounts receivable | 41 | €28 | €61 | +€32 | +115.8% |
| Cash at bank and in hand | 54/58 | €31,244 | €39,525 | +€8,282 | +26.5% |
| Total equity and liabilities | 10/49 | €1,105,941 | €1,093,976 | -€11,965 | -1.1% |
| Equity | 10/15 | €581,104 | €639,509 | +€58,405 | +10.1% |
| Contributions | 10/11 | €387,400 | €387,400 | = | 0.0% |
| Reserves | 13 | €90,205 | €148,610 | +€58,405 | +64.7% |
| Distributable reserves | 133 | €90,205 | €148,610 | +€58,405 | +64.7% |
| Profit (loss) carried forward | 14 | €103,499 | €103,499 | = | 0.0% |
| Amounts payable | 17/49 | €524,837 | €454,467 | -€70,370 | -13.4% |
| Amounts payable after more than one year | 17 | €407,536 | €326,477 | -€81,059 | -19.9% |
| Financial debts | 170/4 | €407,536 | €326,477 | -€81,059 | -19.9% |
| Amounts payable within one year | 42/48 | €117,301 | €127,990 | +€10,689 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €78,735 | €81,059 | +€2,324 | +3.0% |
| Trade debts | 44 | €1,036 | €2,356 | +€1,320 | +127.4% |
| Suppliers | 440/4 | €1,036 | €2,356 | +€1,320 | +127.4% |
| Taxes, remuneration and social security | 45 | €11,865 | €18,893 | +€7,028 | +59.2% |
| Taxes | 450/3 | €11,565 | €18,355 | +€6,790 | +58.7% |
| Remuneration and social security | 454/9 | €300 | €538 | +€238 | +79.5% |
| Other amounts payable | 47/48 | €25,664 | €25,681 | +€17 | +0.1% |
| Non-recurring operating income | 76A | - | €72,610 | +€72,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,560 | €17,328 | -€7,232 | -29.4% |
| Other operating charges | 640/8 | €4,940 | €3,775 | -€1,164 | -23.6% |
| Non-recurring operating charges | 66A | - | €380 | +€380 | |
| Gross operating margin | 9900 | €33,212 | €116,484 | +€83,271 | +250.7% |
| Operating profit (loss) | 9901 | €3,712 | €95,000 | +€91,288 | +2459.1% |
| Financial income | 75/76B | €30,000 | €1 | -€29,999 | -100.0% |
| Recurring financial income | 75 | €30,000 | €1 | -€29,999 | -100.0% |
| Financial charges | 65/66B | €18,025 | €16,189 | -€1,836 | -10.2% |
| Recurring financial charges | 65 | €18,025 | €16,189 | -€1,836 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €15,688 | €78,812 | +€63,124 | +402.4% |
| Income taxes | 67/77 | €1,755 | €20,407 | +€18,652 | +1063.1% |
| Profit (loss) for the period | 9904 | €13,933 | €58,405 | +€44,472 | +319.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,933 | €58,405 | +€44,472 | +319.2% |
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 12 October 2026 via checked.be.