JDR Publications: 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 Publications
Largest movements
- Tangible fixed assets +€177,712
up €177,712 (+1505.1%), from €11,807 to €189,519
of which Land and buildings: +€179,713
- Current investments -€16,075
down €16,075 (-69.8%), from €23,028 to €6,953
- Other debts +€136,283
up €136,283 (+192.0%), from €70,986 to €207,268
- Debts after one year +€71,311
new in 2025: €71,311
- Profit (loss) carried forward -€50,386
new in 2025: -€50,386
- Current portion of long-term debt +€3,689
new in 2025: €3,689
- Gross operating margin -€33,038
down €33,038, from €17,208 to -€15,830
- Depreciation +€28,727
up €28,727 (+1183.6%), from €2,427 to €31,154
- Taxes -€3,134
down €3,134 (-93.1%), from €3,366 to €232
- Other operating charges -€380
down €380 (-32.1%), from €1,185 to €805
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 | €90,648 | €251,951 | +€161,303 | +177.9% |
| Fixed assets | 21/28 | €11,807 | €189,519 | +€177,712 | +1505.1% |
| Tangible fixed assets | 22/27 | €11,807 | €189,519 | +€177,712 | +1505.1% |
| Land and buildings | 22 | - | €179,713 | +€179,713 | |
| Furniture and vehicles | 24 | €3,369 | €2,298 | -€1,071 | -31.8% |
| Other tangible fixed assets | 26 | €8,438 | €7,508 | -€931 | -11.0% |
| Current assets | 29/58 | €78,841 | €62,433 | -€16,409 | -20.8% |
| Stocks and contracts in progress | 3 | €51,500 | €51,500 | = | 0.0% |
| Stocks | 30/36 | €51,500 | €51,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,138 | €1,761 | -€377 | -17.6% |
| Other amounts receivable | 41 | €2,138 | €1,761 | -€377 | -17.6% |
| Current investments | 50/53 | €23,028 | €6,953 | -€16,075 | -69.8% |
| Cash at bank and in hand | 54/58 | €1,219 | €1,222 | +€3 | +0.2% |
| Deferred charges and accrued income | 490/1 | €956 | €996 | +€41 | +4.3% |
| Total equity and liabilities | 10/49 | €90,648 | €251,951 | +€161,303 | +177.9% |
| Equity | 10/15 | €13,557 | -€36,830 | -€50,386 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,557 | €10,557 | = | 0.0% |
| Distributable reserves | 133 | €10,557 | €10,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€50,386 | -€50,386 | |
| Amounts payable | 17/49 | €77,092 | €288,781 | +€211,689 | +274.6% |
| Amounts payable after more than one year | 17 | - | €71,311 | +€71,311 | |
| Financial debts | 170/4 | - | €71,311 | +€71,311 | |
| Amounts payable within one year | 42/48 | €77,092 | €216,719 | +€139,628 | +181.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,689 | +€3,689 | |
| Trade debts | 44 | €2,116 | €1,448 | -€669 | -31.6% |
| Suppliers | 440/4 | €2,116 | €1,448 | -€669 | -31.6% |
| Taxes, remuneration and social security | 45 | €3,990 | €4,314 | +€325 | +8.1% |
| Taxes | 450/3 | €3,990 | €4,314 | +€325 | +8.1% |
| Other amounts payable | 47/48 | €70,986 | €207,268 | +€136,283 | +192.0% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,427 | €31,154 | +€28,727 | +1183.6% |
| Other operating charges | 640/8 | €1,185 | €805 | -€380 | -32.1% |
| Gross operating margin | 9900 | €17,208 | -€15,830 | -€33,038 | |
| Operating profit (loss) | 9901 | €13,595 | -€47,789 | -€61,384 | |
| Financial income | 75/76B | €45 | €109 | +€63 | +139.0% |
| Recurring financial income | 75 | €45 | €109 | +€63 | +139.0% |
| Financial charges | 65/66B | €2,552 | €2,474 | -€78 | -3.0% |
| Recurring financial charges | 65 | €2,552 | €2,474 | -€78 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €11,088 | -€50,155 | -€61,243 | |
| Income taxes | 67/77 | €3,366 | €232 | -€3,134 | -93.1% |
| Profit (loss) for the period | 9904 | €7,723 | -€50,386 | -€58,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,723 | -€50,386 | -€58,109 |
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 10 October 2026 via checked.be.