JDW Services: 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.
JDW Services
Largest movements
- Tangible fixed assets +€131,057
up €131,057 (+451%), from €29,028 to €160,085
of which Furniture and vehicles: +€84,400
- Cash +€22,263
up €22,263 (+491%), from €4,534 to €26,797
mainly Net result for the year (+€68,096) and Debts after one year (+€59,557)
- Receivables within one year +€6,153
up €6,153 (+43.2%), from €14,234 to €20,388
of which Trade receivables: +€6,956
- Deferred charges and accrued income +€3,350
up €3,350 (+233%), from €1,437 to €4,787
- Reserves +€68,096
up €68,096 (+1,423%), from €4,786 to €72,882
- Debts after one year +€59,557
new in 2025: €59,557
- Current portion of long-term debt +€20,622
new in 2025: €20,622
- Tax, wage and social debts +€14,662
up €14,662 (+1,475%), from €994 to €15,657
of which Remuneration and social security: +€12,565
- Gross operating margin +€84,385
up €84,385 (+476%), from €17,741 to €102,126
- Taxes +€13,632
up €13,632 (+1,139%), from €1,197 to €14,828
- Depreciation +€7,822
up €7,822 (+96.5%), from €8,110 to €15,932
- Other operating charges -€1,681
down €1,681 (-46.7%), from €3,597 to €1,916
- Financial charges +€1,305
up €1,305 (+2,563%), from €51 to €1,356
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 | €49,234 | €212,057 | +€162,823 | +331% |
| Fixed assets | 21/28 | €29,028 | €160,085 | +€131,057 | +451% |
| Tangible fixed assets | 22/27 | €29,028 | €160,085 | +€131,057 | +451% |
| Plant, machinery and equipment | 23 | €8,575 | €55,232 | +€46,657 | +544% |
| Furniture and vehicles | 24 | €20,453 | €104,853 | +€84,400 | +413% |
| Current assets | 29/58 | €20,206 | €51,972 | +€31,766 | +157% |
| Amounts receivable within one year | 40/41 | €14,234 | €20,388 | +€6,153 | +43.2% |
| Trade receivables | 40 | €13,306 | €20,262 | +€6,956 | +52.3% |
| Other amounts receivable | 41 | €929 | €125 | -€803 | -86.5% |
| Cash at bank and in hand | 54/58 | €4,534 | €26,797 | +€22,263 | +491% |
| Deferred charges and accrued income | 490/1 | €1,437 | €4,787 | +€3,350 | +233% |
| Total equity and liabilities | 10/49 | €49,234 | €212,057 | +€162,823 | +331% |
| Equity | 10/15 | €7,186 | €75,282 | +€68,096 | +948% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €4,786 | €72,882 | +€68,096 | +1,423% |
| Distributable reserves | 133 | €4,786 | €72,882 | +€68,096 | +1,423% |
| Amounts payable | 17/49 | €42,047 | €136,774 | +€94,727 | +225% |
| Amounts payable after more than one year | 17 | - | €59,557 | +€59,557 | |
| Financial debts | 170/4 | - | €59,557 | +€59,557 | |
| Amounts payable within one year | 42/48 | €42,047 | €77,217 | +€35,170 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,622 | +€20,622 | |
| Trade debts | 44 | €3,169 | €3,118 | -€51 | -1.6% |
| Suppliers | 440/4 | €3,169 | €3,118 | -€51 | -1.6% |
| Taxes, remuneration and social security | 45 | €994 | €15,657 | +€14,662 | +1,475% |
| Taxes | 450/3 | €994 | €3,092 | +€2,098 | +211% |
| Remuneration and social security | 454/9 | - | €12,565 | +€12,565 | |
| Other amounts payable | 47/48 | €37,884 | €37,821 | -€63 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,110 | €15,932 | +€7,822 | +96.5% |
| Other operating charges | 640/8 | €3,597 | €1,916 | -€1,681 | -46.7% |
| Gross operating margin | 9900 | €17,741 | €102,126 | +€84,385 | +476% |
| Operating profit (loss) | 9901 | €6,034 | €84,278 | +€78,244 | +1,297% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €51 | €1,356 | +€1,305 | +2,563% |
| Recurring financial charges | 65 | €51 | €1,356 | +€1,305 | +2,563% |
| Profit (loss) for the period before taxes | 9903 | €5,983 | €82,924 | +€76,941 | +1,286% |
| Income taxes | 67/77 | €1,197 | €14,828 | +€13,632 | +1,139% |
| Profit (loss) for the period | 9904 | €4,786 | €68,096 | +€63,310 | +1,323% |
| Profit (loss) for the period to be appropriated | 9905 | €4,786 | €68,096 | +€63,310 | +1,323% |
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 15 October 2026 via checked.be.