JDR: 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.
JDR
Largest movements
- Tangible fixed assets -€29,771
down €29,771 (-82.0%), from €36,309 to €6,538
- Receivables within one year +€5,077
up €5,077 (+208.2%), from €2,438 to €7,515
of which Other amounts receivable: +€3,098
- Cash +€4,272
up €4,272 (+206.4%), from €2,070 to €6,343
mainly Investment in fixed assets (net) (+€27,571) and Depreciation (+€2,200)
- Other debts -€12,422
no longer reported in 2025 (was €12,422)
- Current portion of long-term debt -€5,491
down €5,491 (-74.8%), from €7,341 to €1,850
- Reserves -€2,406
down €2,406 (-32.0%), from €7,530 to €5,124
- Debts after one year -€1,850
no longer reported in 2025 (was €1,850)
- Tax, wage and social debts +€1,159
up €1,159 (+15.6%), from €7,439 to €8,598
- Gross operating margin -€22,265
down €22,265 (-87.3%), from €25,502 to €3,236
- Depreciation -€9,643
down €9,643 (-81.4%), from €11,844 to €2,200
- Other operating charges +€472
up €472 (+75.1%), from €628 to €1,100
- Taxes -€444
down €444 (-18.0%), from €2,469 to €2,026
- Financial charges -€302
down €302 (-48.8%), from €618 to €316
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 | €41,467 | €20,996 | -€20,471 | -49.4% |
| Fixed assets | 21/28 | €36,309 | €6,538 | -€29,771 | -82.0% |
| Tangible fixed assets | 22/27 | €36,309 | €6,538 | -€29,771 | -82.0% |
| Furniture and vehicles | 24 | €36,309 | €6,538 | -€29,771 | -82.0% |
| Current assets | 29/58 | €5,158 | €14,458 | +€9,300 | +180.3% |
| Amounts receivable within one year | 40/41 | €2,438 | €7,515 | +€5,077 | +208.2% |
| Trade receivables | 40 | €2,438 | €4,417 | +€1,978 | +81.1% |
| Other amounts receivable | 41 | - | €3,098 | +€3,098 | |
| Cash at bank and in hand | 54/58 | €2,070 | €6,343 | +€4,272 | +206.4% |
| Deferred charges and accrued income | 490/1 | €650 | €601 | -€49 | -7.5% |
| Total equity and liabilities | 10/49 | €41,467 | €20,996 | -€20,471 | -49.4% |
| Equity | 10/15 | €10,030 | €7,624 | -€2,406 | -24.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,530 | €5,124 | -€2,406 | -32.0% |
| Distributable reserves | 133 | €7,530 | €5,124 | -€2,406 | -32.0% |
| Amounts payable | 17/49 | €31,437 | €13,372 | -€18,065 | -57.5% |
| Amounts payable after more than one year | 17 | €1,850 | - | -€1,850 | |
| Financial debts | 170/4 | €1,850 | - | -€1,850 | |
| Amounts payable within one year | 42/48 | €29,586 | €13,372 | -€16,215 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €7,341 | €1,850 | -€5,491 | -74.8% |
| Trade debts | 44 | €2,384 | €2,924 | +€539 | +22.6% |
| Suppliers | 440/4 | €2,384 | €2,924 | +€539 | +22.6% |
| Taxes, remuneration and social security | 45 | €7,439 | €8,598 | +€1,159 | +15.6% |
| Taxes | 450/3 | €7,439 | €8,598 | +€1,159 | +15.6% |
| Other amounts payable | 47/48 | €12,422 | - | -€12,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,844 | €2,200 | -€9,643 | -81.4% |
| Other operating charges | 640/8 | €628 | €1,100 | +€472 | +75.1% |
| Gross operating margin | 9900 | €25,502 | €3,236 | -€22,265 | -87.3% |
| Operating profit (loss) | 9901 | €13,030 | -€64 | -€13,094 | |
| Financial charges | 65/66B | €618 | €316 | -€302 | -48.8% |
| Recurring financial charges | 65 | €618 | €316 | -€302 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €12,412 | -€381 | -€12,792 | |
| Income taxes | 67/77 | €2,469 | €2,026 | -€444 | -18.0% |
| Profit (loss) for the period | 9904 | €9,942 | -€2,406 | -€12,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,942 | -€2,406 | -€12,349 |
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 1 October 2026 via checked.be.