JDS: 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.
JDS
Largest movements
- Tangible fixed assets -€31,839
down €31,839 (-5.3%), from €604,183 to €572,343
of which Land and buildings: -€32,462
- Cash -€30,338
down €30,338 (-43.8%), from €69,334 to €38,996
mainly Debts after one year (-€41,649) and Tax, wage and social debts (-€25,122)
- Debts after one year -€41,649
down €41,649 (-15.9%), from €262,419 to €220,770
- Tax, wage and social debts -€25,122
down €25,122 (-74.6%), from €33,688 to €8,565
- Reserves +€20,111
up €20,111 (+19.2%), from €104,507 to €124,618
of which Distributable reserves: +€20,111
- Other debts -€11,645
down €11,645 (-23.9%), from €48,670 to €37,025
- Trade debts -€10,849
down €10,849 (-59.3%), from €18,297 to €7,448
- Gross operating margin -€36,594
down €36,594 (-31.6%), from €115,666 to €79,072
- Depreciation -€17,282
down €17,282 (-34.0%), from €50,788 to €33,505
- Taxes -€9,173
down €9,173 (-44.6%), from €20,565 to €11,393
- Financial income -€5,616
down €5,616 (-97.8%), from €5,745 to €129
of which Non-recurring financial income: -€5,731
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 | €773,132 | €705,116 | -€68,016 | -8.8% |
| Fixed assets | 21/28 | €684,183 | €652,343 | -€31,839 | -4.7% |
| Tangible fixed assets | 22/27 | €604,183 | €572,343 | -€31,839 | -5.3% |
| Land and buildings | 22 | €594,017 | €561,555 | -€32,462 | -5.5% |
| Furniture and vehicles | 24 | €10,165 | €10,788 | +€623 | +6.1% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €88,949 | €52,773 | -€36,176 | -40.7% |
| Amounts receivable within one year | 40/41 | €19,249 | €12,198 | -€7,051 | -36.6% |
| Trade receivables | 40 | €14,249 | €6,555 | -€7,694 | -54.0% |
| Other amounts receivable | 41 | €5,000 | €5,643 | +€643 | +12.9% |
| Cash at bank and in hand | 54/58 | €69,334 | €38,996 | -€30,338 | -43.8% |
| Deferred charges and accrued income | 490/1 | €366 | €1,579 | +€1,213 | +331% |
| Total equity and liabilities | 10/49 | €773,132 | €705,116 | -€68,016 | -8.8% |
| Equity | 10/15 | €369,549 | €389,659 | +€20,111 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,507 | €124,618 | +€20,111 | +19.2% |
| Tax-exempt reserves | 132 | €4,442 | €4,442 | = | 0.0% |
| Distributable reserves | 133 | €100,065 | €120,176 | +€20,111 | +20.1% |
| Profit (loss) carried forward | 14 | €246,441 | €246,441 | = | 0.0% |
| Amounts payable | 17/49 | €403,583 | €315,457 | -€88,126 | -21.8% |
| Amounts payable after more than one year | 17 | €262,419 | €220,770 | -€41,649 | -15.9% |
| Financial debts | 170/4 | €262,419 | €220,770 | -€41,649 | -15.9% |
| Amounts payable within one year | 42/48 | €141,164 | €94,687 | -€46,478 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €40,510 | €41,649 | +€1,138 | +2.8% |
| Trade debts | 44 | €18,297 | €7,448 | -€10,849 | -59.3% |
| Suppliers | 440/4 | €18,297 | €7,448 | -€10,849 | -59.3% |
| Taxes, remuneration and social security | 45 | €33,688 | €8,565 | -€25,122 | -74.6% |
| Taxes | 450/3 | €33,688 | €8,565 | -€25,122 | -74.6% |
| Other amounts payable | 47/48 | €48,670 | €37,025 | -€11,645 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,788 | €33,505 | -€17,282 | -34.0% |
| Other operating charges | 640/8 | €2,151 | €2,282 | +€132 | +6.1% |
| Non-recurring operating charges | 66A | - | €1,138 | +€1,138 | |
| Gross operating margin | 9900 | €115,666 | €79,072 | -€36,594 | -31.6% |
| Operating profit (loss) | 9901 | €62,728 | €42,147 | -€20,581 | -32.8% |
| Financial income | 75/76B | €5,745 | €129 | -€5,616 | -97.8% |
| Recurring financial income | 75 | €14 | €129 | +€115 | +799% |
| Non-recurring financial income | 76B | €5,731 | - | -€5,731 | |
| Financial charges | 65/66B | €9,703 | €10,773 | +€1,070 | +11.0% |
| Recurring financial charges | 65 | €9,703 | €10,773 | +€1,070 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €58,770 | €31,503 | -€27,267 | -46.4% |
| Income taxes | 67/77 | €20,565 | €11,393 | -€9,173 | -44.6% |
| Profit (loss) for the period | 9904 | €38,205 | €20,111 | -€18,094 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,205 | €20,111 | -€18,094 | -47.4% |
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 19 October 2026 via checked.be.