JDL Works: what changed
Two fiscal 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 Works
Largest movements
- Cash +€31,167
up €31,167 (+33.6%), from €92,778 to €123,945
mainly Depreciation (+€72,711) and Net result for the year (+€63,298)
- Receivables within one year +€19,481
up €19,481 (+23.8%), from €81,860 to €101,342
of which Trade receivables: +€21,130
- Tangible fixed assets +€10,614
up €10,614 (+5.1%), from €208,862 to €219,476
of which Furniture and vehicles: +€43,856
- Stocks and contracts -€8,637
down €8,637 (-14.8%), from €58,316 to €49,679
- Profit (loss) carried forward +€33,298
up €33,298 (+18.6%), from €178,738 to €212,036
- Reserves +€30,000
new in 2025: €30,000
- Trade debts -€24,354
down €24,354 (-32.1%), from €75,832 to €51,477
- Tax, wage and social debts +€11,848
up €11,848 (+125.4%), from €9,446 to €21,294
of which Taxes: +€6,974
- Debts after one year -€10,767
down €10,767 (-9.4%), from €114,884 to €104,118
- Staff costs +€38,798
new in 2025: €38,798
- Gross operating margin +€35,427
up €35,427 (+21.2%), from €166,778 to €202,204
- Taxes +€3,827
up €3,827 (+21.4%), from €17,887 to €21,714
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 | €449,839 | €502,384 | +€52,545 | +11.7% |
| Fixed assets | 21/28 | €208,862 | €219,476 | +€10,614 | +5.1% |
| Tangible fixed assets | 22/27 | €208,862 | €219,476 | +€10,614 | +5.1% |
| Plant, machinery and equipment | 23 | €25,628 | €34,273 | +€8,645 | +33.7% |
| Furniture and vehicles | 24 | €17,993 | €61,848 | +€43,856 | +243.7% |
| Leasing and similar rights | 25 | €165,241 | €123,355 | -€41,887 | -25.3% |
| Current assets | 29/58 | €240,976 | €282,908 | +€41,932 | +17.4% |
| Stocks and contracts in progress | 3 | €58,316 | €49,679 | -€8,637 | -14.8% |
| Stocks | 30/36 | €58,316 | €49,679 | -€8,637 | -14.8% |
| Amounts receivable within one year | 40/41 | €81,860 | €101,342 | +€19,481 | +23.8% |
| Trade receivables | 40 | €78,882 | €100,012 | +€21,130 | +26.8% |
| Other amounts receivable | 41 | €2,978 | €1,329 | -€1,649 | -55.4% |
| Cash at bank and in hand | 54/58 | €92,778 | €123,945 | +€31,167 | +33.6% |
| Deferred charges and accrued income | 490/1 | €8,022 | €7,942 | -€80 | -1.0% |
| Total equity and liabilities | 10/49 | €449,839 | €502,384 | +€52,545 | +11.7% |
| Equity | 10/15 | €183,738 | €247,036 | +€63,298 | +34.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €178,738 | €212,036 | +€33,298 | +18.6% |
| Amounts payable | 17/49 | €266,101 | €255,348 | -€10,753 | -4.0% |
| Amounts payable after more than one year | 17 | €114,884 | €104,118 | -€10,767 | -9.4% |
| Financial debts | 170/4 | €114,884 | €104,118 | -€10,767 | -9.4% |
| Amounts payable within one year | 42/48 | €151,216 | €151,230 | +€14 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €52,183 | €54,869 | +€2,686 | +5.1% |
| Trade debts | 44 | €75,832 | €51,477 | -€24,354 | -32.1% |
| Suppliers | 440/4 | €75,832 | €51,477 | -€24,354 | -32.1% |
| Taxes, remuneration and social security | 45 | €9,446 | €21,294 | +€11,848 | +125.4% |
| Taxes | 450/3 | €9,446 | €16,420 | +€6,974 | +73.8% |
| Remuneration and social security | 454/9 | - | €4,874 | +€4,874 | |
| Other amounts payable | 47/48 | €13,756 | €23,589 | +€9,833 | +71.5% |
| Remuneration, social security and pensions | 62 | - | €38,798 | +€38,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,032 | €72,711 | +€679 | +0.9% |
| Other operating charges | 640/8 | €1,288 | €1,237 | -€51 | -4.0% |
| Gross operating margin | 9900 | €166,778 | €202,204 | +€35,427 | +21.2% |
| Operating profit (loss) | 9901 | €93,457 | €89,459 | -€3,999 | -4.3% |
| Financial income | 75/76B | - | €1,253 | +€1,253 | |
| Recurring financial income | 75 | - | €1,253 | +€1,253 | |
| Financial charges | 65/66B | €5,395 | €5,699 | +€304 | +5.6% |
| Recurring financial charges | 65 | €5,395 | €5,699 | +€304 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €88,062 | €85,012 | -€3,050 | -3.5% |
| Income taxes | 67/77 | €17,887 | €21,714 | +€3,827 | +21.4% |
| Profit (loss) for the period | 9904 | €70,175 | €63,298 | -€6,877 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,175 | €63,298 | -€6,877 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.