JDK 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.
JDK PROJECTS
Largest movements
- Receivables within one year +€80,902
up €80,902 (+70.0%), from €115,631 to €196,533
of which Other amounts receivable: +€87,868
- Tangible fixed assets -€78,773
down €78,773 (-6.4%), from €1.2m to €1.2m
of which Land and buildings: -€51,195
- Cash +€21,129
up €21,129 (+1,630%), from €1,296 to €22,426
mainly Other debts (+€299,315) and Depreciation (+€82,455)
- Other debts +€299,315
up €299,315 (+43,679%), from €685 to €300,000
- Reserves -€243,411
down €243,411 (-19.0%), from €1.3m to €1.0m
- Trade debts +€23,430
up €23,430 (+46.2%), from €50,745 to €74,175
- Debts after one year -€21,790
down €21,790 (-11.4%), from €191,791 to €170,001
- Current portion of long-term debt -€21,664
down €21,664 (-49.9%), from €43,454 to €21,790
- Gross operating margin -€42,497
down €42,497 (-13.0%), from €326,241 to €283,744
- Other operating charges -€21,918
down €21,918 (-30.0%), from €73,182 to €51,264
- Staff costs -€11,716
down €11,716 (-14.1%), from €83,247 to €71,532
- Financial income +€6,786
up €6,786 (+57.6%), from €11,781 to €18,568
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 | €1,705,183 | €1,731,175 | +€25,991 | +1.5% |
| Fixed assets | 21/28 | €1,236,115 | €1,157,342 | -€78,773 | -6.4% |
| Tangible fixed assets | 22/27 | €1,236,115 | €1,157,342 | -€78,773 | -6.4% |
| Land and buildings | 22 | €1,191,559 | €1,140,364 | -€51,195 | -4.3% |
| Furniture and vehicles | 24 | €44,556 | €16,979 | -€27,578 | -61.9% |
| Current assets | 29/58 | €469,068 | €573,832 | +€104,765 | +22.3% |
| Amounts receivable after more than one year | 29 | €341,865 | €341,865 | = | 0.0% |
| Other amounts receivable | 291 | €341,865 | €341,865 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €115,631 | €196,533 | +€80,902 | +70.0% |
| Trade receivables | 40 | €40,765 | €33,798 | -€6,967 | -17.1% |
| Other amounts receivable | 41 | €74,866 | €162,734 | +€87,868 | +117% |
| Cash at bank and in hand | 54/58 | €1,296 | €22,426 | +€21,129 | +1,630% |
| Deferred charges and accrued income | 490/1 | €10,276 | €13,009 | +€2,733 | +26.6% |
| Total equity and liabilities | 10/49 | €1,705,183 | €1,731,175 | +€25,991 | +1.5% |
| Equity | 10/15 | €1,375,406 | €1,131,994 | -€243,411 | -17.7% |
| Contributions | 10/11 | €86,790 | €86,790 | = | 0.0% |
| Reserves | 13 | €1,278,008 | €1,034,597 | -€243,411 | -19.0% |
| Distributable reserves | 133 | €1,278,008 | €1,034,597 | -€243,411 | -19.0% |
| Profit (loss) carried forward | 14 | €10,607 | €10,607 | = | 0.0% |
| Amounts payable | 17/49 | €329,778 | €599,180 | +€269,403 | +81.7% |
| Amounts payable after more than one year | 17 | €191,791 | €170,001 | -€21,790 | -11.4% |
| Financial debts | 170/4 | €191,791 | €170,001 | -€21,790 | -11.4% |
| Amounts payable within one year | 42/48 | €137,986 | €429,179 | +€291,193 | +211% |
| Current portion of amounts payable after more than one year | 42 | €43,454 | €21,790 | -€21,664 | -49.9% |
| Financial debts | 43 | €23,750 | €10,000 | -€13,750 | -57.9% |
| Credit institutions | 430/8 | €23,750 | €10,000 | -€13,750 | -57.9% |
| Trade debts | 44 | €50,745 | €74,175 | +€23,430 | +46.2% |
| Suppliers | 440/4 | €50,745 | €74,175 | +€23,430 | +46.2% |
| Taxes, remuneration and social security | 45 | €19,352 | €23,214 | +€3,862 | +20.0% |
| Taxes | 450/3 | €1,707 | €5,921 | +€4,214 | +247% |
| Remuneration and social security | 454/9 | €17,645 | €17,293 | -€352 | -2.0% |
| Other amounts payable | 47/48 | €685 | €300,000 | +€299,315 | +43,679% |
| Remuneration, social security and pensions | 62 | €83,247 | €71,532 | -€11,716 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,715 | €82,455 | +€741 | +0.9% |
| Other operating charges | 640/8 | €73,182 | €51,264 | -€21,918 | -30.0% |
| Gross operating margin | 9900 | €326,241 | €283,744 | -€42,497 | -13.0% |
| Operating profit (loss) | 9901 | €88,097 | €78,494 | -€9,603 | -10.9% |
| Financial income | 75/76B | €11,781 | €18,568 | +€6,786 | +57.6% |
| Recurring financial income | 75 | €11,781 | €18,568 | +€6,786 | +57.6% |
| Financial charges | 65/66B | €14,711 | €13,968 | -€743 | -5.1% |
| Recurring financial charges | 65 | €14,711 | €13,968 | -€743 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €85,167 | €83,093 | -€2,074 | -2.4% |
| Income taxes | 67/77 | €28,455 | €26,505 | -€1,951 | -6.9% |
| Profit (loss) for the period | 9904 | €56,712 | €56,589 | -€123 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,712 | €56,589 | -€123 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.