JDI: 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.
JDI
Largest movements
- Receivables within one year -€104,896
down €104,896 (-11.1%), from €943,089 to €838,193
of which Trade receivables: -€69,274
- Cash -€42,064
down €42,064 (-36.5%), from €115,169 to €73,105
mainly Trade debts (-€102,689) and Short-term financial debts (-€52,253)
- Trade debts -€102,689
down €102,689 (-20.7%), from €496,487 to €393,798
- Reserves +€77,728
up €77,728 (+55.5%), from €140,000 to €217,728
of which Distributable reserves: +€82,728
- Profit (loss) carried forward -€75,806
down €75,806 (-100%), from €75,806 to €0
- Short-term financial debts -€52,253
down €52,253 (-87.1%), from €60,011 to €7,758
of which Credit institutions: -€60,011
- Debts after one year -€17,560
down €17,560 (-27.0%), from €65,108 to €47,547
- Staff costs -€43,699
down €43,699 (-5.1%), from €853,763 to €810,063
- Gross operating margin -€31,308
down €31,308 (-3.5%), from €884,661 to €853,353
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 | €1,136,721 | €984,175 | -€152,546 | -13.4% |
| Fixed assets | 21/28 | €75,448 | €69,174 | -€6,274 | -8.3% |
| Tangible fixed assets | 22/27 | €74,848 | €68,574 | -€6,274 | -8.4% |
| Plant, machinery and equipment | 23 | €10,148 | €7,429 | -€2,719 | -26.8% |
| Furniture and vehicles | 24 | €8,329 | €5,352 | -€2,977 | -35.7% |
| Other tangible fixed assets | 26 | €56,371 | €55,793 | -€579 | -1.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,061,273 | €915,001 | -€146,272 | -13.8% |
| Amounts receivable within one year | 40/41 | €943,089 | €838,193 | -€104,896 | -11.1% |
| Trade receivables | 40 | €749,402 | €680,128 | -€69,274 | -9.2% |
| Other amounts receivable | 41 | €193,687 | €158,065 | -€35,622 | -18.4% |
| Cash at bank and in hand | 54/58 | €115,169 | €73,105 | -€42,064 | -36.5% |
| Deferred charges and accrued income | 490/1 | €3,014 | €3,703 | +€688 | +22.8% |
| Total equity and liabilities | 10/49 | €1,136,721 | €984,175 | -€152,546 | -13.4% |
| Equity | 10/15 | €265,806 | €267,728 | +€1,922 | +0.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €140,000 | €217,728 | +€77,728 | +55.5% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100% |
| Distributable reserves | 133 | €135,000 | €217,728 | +€82,728 | +61.3% |
| Profit (loss) carried forward | 14 | €75,806 | €0 | -€75,806 | -100% |
| Amounts payable | 17/49 | €870,915 | €716,447 | -€154,468 | -17.7% |
| Amounts payable after more than one year | 17 | €65,108 | €47,547 | -€17,560 | -27.0% |
| Financial debts | 170/4 | €65,108 | €47,547 | -€17,560 | -27.0% |
| Amounts payable within one year | 42/48 | €805,807 | €668,900 | -€136,907 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €116,782 | €117,560 | +€778 | +0.7% |
| Financial debts | 43 | €60,011 | €7,758 | -€52,253 | -87.1% |
| Credit institutions | 430/8 | €60,011 | €0 | -€60,011 | -100% |
| Other loans | 439 | €0 | €7,758 | +€7,758 | |
| Trade debts | 44 | €496,487 | €393,798 | -€102,689 | -20.7% |
| Suppliers | 440/4 | €496,487 | €393,798 | -€102,689 | -20.7% |
| Taxes, remuneration and social security | 45 | €132,197 | €149,188 | +€16,991 | +12.9% |
| Taxes | 450/3 | €60,408 | €71,237 | +€10,829 | +17.9% |
| Remuneration and social security | 454/9 | €71,789 | €77,951 | +€6,162 | +8.6% |
| Other amounts payable | 47/48 | €331 | €596 | +€265 | +80.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €853,763 | €810,063 | -€43,699 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,413 | €12,104 | +€3,691 | +43.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,478 | €0 | -€8,478 | -100% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €884,661 | €853,353 | -€31,308 | -3.5% |
| Operating profit (loss) | 9901 | €13,621 | €30,187 | +€16,566 | +122% |
| Financial income | 75/76B | €1,604 | €4,630 | +€3,025 | +189% |
| Recurring financial income | 75 | €1,604 | €4,630 | +€3,025 | +189% |
| Financial charges | 65/66B | €23,948 | €27,975 | +€4,027 | +16.8% |
| Recurring financial charges | 65 | €23,948 | €27,975 | +€4,027 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,723 | €6,843 | +€15,565 | |
| Income taxes | 67/77 | €4,059 | €4,921 | +€861 | +21.2% |
| Profit (loss) for the period | 9904 | -€12,782 | €1,922 | +€14,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,782 | €1,922 | +€14,704 |
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 18 October 2026 via checked.be.