JDO: 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.
JDO
Largest movements
- Receivables within one year -€117,951
down €117,951 (-13.9%), from €850,427 to €732,475
of which Trade receivables: -€138,409
- Cash +€94,756
up €94,756 (+347.6%), from €27,258 to €122,013
mainly Receivables within one year (+€117,951) and Depreciation (+€20,902)
- Trade debts -€66,774
down €66,774 (-29.3%), from €227,736 to €160,961
- Debts after one year +€13,235
up €13,235 (+164.4%), from €8,050 to €21,285
- Current portion of long-term debt +€12,975
up €12,975 (+135.8%), from €9,552 to €22,527
- Write-downs +€44,784
up €44,784 (+38.5%), from -€116,301 to -€71,517
- Gross operating margin +€39,647
up €39,647 (+47.1%), from €84,228 to €123,875
- Staff costs +€6,580
up €6,580 (+5.0%), from €130,364 to €136,944
- Financial charges -€1,933
down €1,933 (-10.4%), from €18,602 to €16,668
- Taxes -€1,861
down €1,861 (-17.7%), from €10,493 to €8,633
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 | €1,015,537 | €983,903 | -€31,634 | -3.1% |
| Fixed assets | 21/28 | €87,544 | €79,861 | -€7,683 | -8.8% |
| Tangible fixed assets | 22/27 | €86,844 | €79,161 | -€7,683 | -8.8% |
| Land and buildings | 22 | €33,031 | €24,416 | -€8,615 | -26.1% |
| Plant, machinery and equipment | 23 | €2,983 | €4,535 | +€1,552 | +52.0% |
| Furniture and vehicles | 24 | €50,831 | €50,210 | -€620 | -1.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €927,993 | €904,042 | -€23,951 | -2.6% |
| Amounts receivable within one year | 40/41 | €850,427 | €732,475 | -€117,951 | -13.9% |
| Trade receivables | 40 | €732,819 | €594,410 | -€138,409 | -18.9% |
| Other amounts receivable | 41 | €117,608 | €138,065 | +€20,458 | +17.4% |
| Cash at bank and in hand | 54/58 | €27,258 | €122,013 | +€94,756 | +347.6% |
| Deferred charges and accrued income | 490/1 | €50,308 | €49,553 | -€755 | -1.5% |
| Total equity and liabilities | 10/49 | €1,015,537 | €983,903 | -€31,634 | -3.1% |
| Equity | 10/15 | €474,843 | €484,353 | +€9,510 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €460,000 | €470,000 | +€10,000 | +2.2% |
| Distributable reserves | 133 | €460,000 | €470,000 | +€10,000 | +2.2% |
| Profit (loss) carried forward | 14 | €2,443 | €1,953 | -€490 | -20.1% |
| Amounts payable | 17/49 | €540,694 | €499,550 | -€41,143 | -7.6% |
| Amounts payable after more than one year | 17 | €8,050 | €21,285 | +€13,235 | +164.4% |
| Financial debts | 170/4 | €8,050 | €21,285 | +€13,235 | +164.4% |
| Amounts payable within one year | 42/48 | €532,643 | €478,265 | -€54,378 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,552 | €22,527 | +€12,975 | +135.8% |
| Financial debts | 43 | €246,354 | €244,852 | -€1,501 | -0.6% |
| Credit institutions | 430/8 | €246,354 | €244,852 | -€1,501 | -0.6% |
| Trade debts | 44 | €227,736 | €160,961 | -€66,774 | -29.3% |
| Suppliers | 440/4 | €227,736 | €160,961 | -€66,774 | -29.3% |
| Taxes, remuneration and social security | 45 | €45,408 | €49,925 | +€4,517 | +9.9% |
| Taxes | 450/3 | €23,871 | €27,590 | +€3,719 | +15.6% |
| Remuneration and social security | 454/9 | €21,537 | €22,335 | +€798 | +3.7% |
| Other amounts payable | 47/48 | €3,595 | - | -€3,595 | |
| Remuneration, social security and pensions | 62 | €130,364 | €136,944 | +€6,580 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,015 | €20,902 | -€1,113 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€116,301 | -€71,517 | +€44,784 | +38.5% |
| Other operating charges | 640/8 | €3,781 | €3,217 | -€564 | -14.9% |
| Non-recurring operating charges | 66A | - | €5,397 | +€5,397 | |
| Gross operating margin | 9900 | €84,228 | €123,875 | +€39,647 | +47.1% |
| Operating profit (loss) | 9901 | €44,369 | €28,932 | -€15,437 | -34.8% |
| Financial income | 75/76B | €6,358 | €5,878 | -€479 | -7.5% |
| Recurring financial income | 75 | €6,358 | €5,878 | -€479 | -7.5% |
| Financial charges | 65/66B | €18,602 | €16,668 | -€1,933 | -10.4% |
| Recurring financial charges | 65 | €18,602 | €16,668 | -€1,933 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €32,125 | €18,142 | -€13,983 | -43.5% |
| Income taxes | 67/77 | €10,493 | €8,633 | -€1,861 | -17.7% |
| Profit (loss) for the period | 9904 | €21,632 | €9,510 | -€12,122 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,632 | €9,510 | -€12,122 | -56.0% |
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 11 October 2026 via checked.be.