JDL Invest: 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.
JDL Invest
Largest movements
- Tangible fixed assets +€24,591
up €24,591 (+195%), from €12,623 to €37,214
of which Furniture and vehicles: +€24,946
- Financial fixed assets -€23,594
down €23,594 (-19.8%), from €119,096 to €95,502
- Receivables within one year -€19,472
down €19,472 (-8.0%), from €244,368 to €224,896
of which Other amounts receivable: -€23,629
- Cash -€15,870
down €15,870 (-49.3%), from €32,184 to €16,314
mainly Net result for the year (-€95,643) and Debts after one year (-€87,243)
- Other debts +€164,067
new in 2025: €164,067
- Profit (loss) carried forward -€95,643
down €95,643 (-81.0%), from -€118,110 to -€213,753
- Debts after one year -€87,243
down €87,243 (-70.8%), from €123,277 to €36,034
of which Financial debts: -€87,418
- Trade debts -€22,379
down €22,379 (-67.3%), from €33,268 to €10,890
- Current portion of long-term debt +€12,958
up €12,958 (+15.1%), from €85,685 to €98,643
- Financial charges -€103,474
down €103,474 (-45.9%), from €225,280 to €121,806
of which Non-recurring financial charges: -€101,183
- Gross operating margin -€67,983
down €67,983 (-61.3%), from €110,990 to €43,008
- Taxes +€8,049
new in 2025: €8,049
- Depreciation +€4,433
up €4,433 (+138%), from €3,211 to €7,643
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 | €408,782 | €374,021 | -€34,761 | -8.5% |
| Fixed assets | 21/28 | €131,719 | €132,716 | +€997 | +0.8% |
| Tangible fixed assets | 22/27 | €12,623 | €37,214 | +€24,591 | +195% |
| Plant, machinery and equipment | 23 | €2,851 | €4,894 | +€2,043 | +71.7% |
| Furniture and vehicles | 24 | €5,353 | €30,299 | +€24,946 | +466% |
| Other tangible fixed assets | 26 | €4,419 | €2,020 | -€2,399 | -54.3% |
| Financial fixed assets | 28 | €119,096 | €95,502 | -€23,594 | -19.8% |
| Current assets | 29/58 | €277,063 | €241,305 | -€35,758 | -12.9% |
| Amounts receivable within one year | 40/41 | €244,368 | €224,896 | -€19,472 | -8.0% |
| Trade receivables | 40 | €42,752 | €46,909 | +€4,157 | +9.7% |
| Other amounts receivable | 41 | €201,616 | €177,987 | -€23,629 | -11.7% |
| Cash at bank and in hand | 54/58 | €32,184 | €16,314 | -€15,870 | -49.3% |
| Deferred charges and accrued income | 490/1 | €512 | €96 | -€416 | -81.3% |
| Total equity and liabilities | 10/49 | €408,782 | €374,021 | -€34,761 | -8.5% |
| Equity | 10/15 | €143,138 | €47,495 | -€95,643 | -66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €256,247 | €256,247 | = | 0.0% |
| Distributable reserves | 133 | €256,247 | €256,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,110 | -€213,753 | -€95,643 | -81.0% |
| Amounts payable | 17/49 | €265,645 | €326,526 | +€60,882 | +22.9% |
| Amounts payable after more than one year | 17 | €123,277 | €36,034 | -€87,243 | -70.8% |
| Financial debts | 170/4 | €123,277 | €35,859 | -€87,418 | -70.9% |
| Other amounts payable | 178/9 | - | €175 | +€175 | |
| Amounts payable within one year | 42/48 | €142,368 | €282,493 | +€140,125 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €85,685 | €98,643 | +€12,958 | +15.1% |
| Financial debts | 43 | €10,298 | - | -€10,298 | |
| Credit institutions | 430/8 | €10,298 | - | -€10,298 | |
| Trade debts | 44 | €33,268 | €10,890 | -€22,379 | -67.3% |
| Suppliers | 440/4 | €33,268 | €10,890 | -€22,379 | -67.3% |
| Taxes, remuneration and social security | 45 | €13,117 | €8,894 | -€4,223 | -32.2% |
| Taxes | 450/3 | €7,125 | €837 | -€6,288 | -88.3% |
| Remuneration and social security | 454/9 | €5,992 | €8,057 | +€2,065 | +34.5% |
| Other amounts payable | 47/48 | - | €164,067 | +€164,067 | |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,211 | €7,643 | +€4,433 | +138% |
| Other operating charges | 640/8 | €724 | €1,111 | +€387 | +53.5% |
| Gross operating margin | 9900 | €110,990 | €43,008 | -€67,983 | -61.3% |
| Operating profit (loss) | 9901 | €107,056 | €34,212 | -€72,844 | -68.0% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €225,280 | €121,806 | -€103,474 | -45.9% |
| Recurring financial charges | 65 | €5,011 | €2,720 | -€2,291 | -45.7% |
| Non-recurring financial charges | 66B | €220,269 | €119,086 | -€101,183 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€118,110 | -€87,594 | +€30,516 | +25.8% |
| Income taxes | 67/77 | - | €8,049 | +€8,049 | |
| Profit (loss) for the period | 9904 | -€118,110 | -€95,643 | +€22,467 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,110 | -€95,643 | +€22,467 | +19.0% |
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 17 October 2026 via checked.be.