JDR Management: 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.
JDR Management
Largest movements
- Cash -€380,240
down €380,240 (-62.0%), from €613,194 to €232,954
mainly Debts after one year (-€165,138) and Net result for the year (-€152,093)
- Tangible fixed assets -€83,488
down €83,488 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€71,081
- Receivables within one year +€33,358
up €33,358 (+604%), from €5,525 to €38,882
of which Trade receivables: +€35,312
- Debts after one year -€165,138
down €165,138 (-17.3%), from €952,425 to €787,287
of which Other amounts payable: -€110,000
- Reserves -€152,093
down €152,093 (-16.7%), from €910,945 to €758,852
of which Distributable reserves: -€148,263
- Tax, wage and social debts -€79,951
down €79,951 (-81.8%), from €97,727 to €17,775
of which Taxes: -€94,371
- Gross operating margin -€422,861
down €422,861 (-98.4%), from €429,899 to €7,038
- Taxes -€94,048
down €94,048 (-98.9%), from €95,136 to €1,087
- Depreciation +€22,194
up €22,194 (+32.6%), from €68,141 to €90,335
- Financial charges -€9,987
down €9,987 (-15.8%), from €63,313 to €53,326
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 | €2,164,527 | €1,751,754 | -€412,773 | -19.1% |
| Fixed assets | 21/28 | €1,528,363 | €1,444,679 | -€83,685 | -5.5% |
| Intangible fixed assets | 21 | €11,706 | €11,509 | -€196 | -1.7% |
| Tangible fixed assets | 22/27 | €1,516,658 | €1,433,169 | -€83,488 | -5.5% |
| Land and buildings | 22 | €1,496,283 | €1,425,203 | -€71,081 | -4.8% |
| Furniture and vehicles | 24 | €20,375 | €7,967 | -€12,408 | -60.9% |
| Current assets | 29/58 | €636,163 | €307,075 | -€329,088 | -51.7% |
| Amounts receivable within one year | 40/41 | €5,525 | €38,882 | +€33,358 | +604% |
| Trade receivables | 40 | €3,388 | €38,700 | +€35,312 | +1,042% |
| Other amounts receivable | 41 | €2,137 | €183 | -€1,954 | -91.5% |
| Cash at bank and in hand | 54/58 | €613,194 | €232,954 | -€380,240 | -62.0% |
| Deferred charges and accrued income | 490/1 | €17,445 | €35,239 | +€17,794 | +102% |
| Total equity and liabilities | 10/49 | €2,164,527 | €1,751,754 | -€412,773 | -19.1% |
| Equity | 10/15 | €929,545 | €777,452 | -€152,093 | -16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €910,945 | €758,852 | -€152,093 | -16.7% |
| Tax-exempt reserves | 132 | €43,507 | €39,678 | -€3,830 | -8.8% |
| Distributable reserves | 133 | €867,438 | €719,175 | -€148,263 | -17.1% |
| Provisions and deferred taxes | 16 | €14,502 | €13,226 | -€1,277 | -8.8% |
| Deferred taxes | 168 | €14,502 | €13,226 | -€1,277 | -8.8% |
| Amounts payable | 17/49 | €1,220,479 | €961,076 | -€259,403 | -21.3% |
| Amounts payable after more than one year | 17 | €952,425 | €787,287 | -€165,138 | -17.3% |
| Financial debts | 170/4 | €297,425 | €242,287 | -€55,138 | -18.5% |
| Other amounts payable | 178/9 | €655,000 | €545,000 | -€110,000 | -16.8% |
| Amounts payable within one year | 42/48 | €215,510 | €125,957 | -€89,553 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €54,444 | €55,138 | +€694 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,554 | €2,046 | -€4,508 | -68.8% |
| Suppliers | 440/4 | €6,554 | €2,046 | -€4,508 | -68.8% |
| Taxes, remuneration and social security | 45 | €97,727 | €17,775 | -€79,951 | -81.8% |
| Taxes | 450/3 | €97,727 | €3,355 | -€94,371 | -96.6% |
| Remuneration and social security | 454/9 | - | €14,420 | +€14,420 | |
| Other amounts payable | 47/48 | €56,786 | €50,998 | -€5,788 | -10.2% |
| Accrued charges and deferred income | 492/3 | €52,544 | €47,831 | -€4,713 | -9.0% |
| Non-recurring operating income | 76A | €409,372 | €1,535 | -€407,838 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,141 | €90,335 | +€22,194 | +32.6% |
| Other operating charges | 640/8 | €18,861 | €14,898 | -€3,963 | -21.0% |
| Non-recurring operating charges | 66A | €825 | €762 | -€62 | -7.5% |
| Gross operating margin | 9900 | €429,899 | €7,038 | -€422,861 | -98.4% |
| Operating profit (loss) | 9901 | €342,072 | -€98,957 | -€441,029 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €63,313 | €53,326 | -€9,987 | -15.8% |
| Recurring financial charges | 65 | €63,313 | €53,326 | -€9,987 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €278,760 | -€152,282 | -€431,042 | |
| Transfer from deferred taxes | 780 | €1,277 | €1,277 | = | 0.0% |
| Income taxes | 67/77 | €95,136 | €1,087 | -€94,048 | -98.9% |
| Profit (loss) for the period | 9904 | €184,901 | -€152,093 | -€336,994 | |
| Transfer from tax-exempt reserves | 789 | €3,830 | €3,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €188,730 | -€148,263 | -€336,994 |
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 13 October 2026 via checked.be.