JDW Trans: 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 Trans
Largest movements
- Receivables within one year +€84,070
up €84,070 (+137%), from €61,445 to €145,515
of which Trade receivables: +€84,756
- Cash +€17,142
up €17,142 (+560%), from €3,062 to €20,204
mainly Net result for the year (+€216,939) and Current portion of long-term debt (+€25,119)
- Tangible fixed assets -€6,738
down €6,738 (-56.7%), from €11,884 to €5,146
of which Furniture and vehicles: -€9,479
- Profit (loss) carried forward +€116,939
up €116,939 (+578%), from €20,233 to €137,172
- Reserves -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Trade debts -€25,894
down €25,894 (-66.8%), from €38,749 to €12,855
- Current portion of long-term debt +€25,119
up €25,119 (+95.8%), from €26,222 to €51,340
- Other debts +€15,127
up €15,127 (+115%), from €13,140 to €28,267
- Gross operating margin +€49,249
up €49,249 (+16.3%), from €301,861 to €351,109
- Taxes -€12,770
down €12,770 (-13.0%), from €98,085 to €85,315
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 | €377,818 | €471,486 | +€93,668 | +24.8% |
| Fixed assets | 21/28 | €12,290 | €5,552 | -€6,738 | -54.8% |
| Tangible fixed assets | 22/27 | €11,884 | €5,146 | -€6,738 | -56.7% |
| Plant, machinery and equipment | 23 | €303 | €3,044 | +€2,741 | +904% |
| Furniture and vehicles | 24 | €11,581 | €2,102 | -€9,479 | -81.9% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €365,528 | €465,934 | +€100,406 | +27.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,445 | €145,515 | +€84,070 | +137% |
| Trade receivables | 40 | €60,630 | €145,386 | +€84,756 | +140% |
| Other amounts receivable | 41 | €816 | €130 | -€686 | -84.1% |
| Cash at bank and in hand | 54/58 | €3,062 | €20,204 | +€17,142 | +560% |
| Deferred charges and accrued income | 490/1 | €1,020 | €214 | -€806 | -79.0% |
| Total equity and liabilities | 10/49 | €377,818 | €471,486 | +€93,668 | +24.8% |
| Equity | 10/15 | €126,233 | €193,172 | +€66,939 | +53.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Distributable reserves | 133 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Profit (loss) carried forward | 14 | €20,233 | €137,172 | +€116,939 | +578% |
| Amounts payable | 17/49 | €251,585 | €278,314 | +€26,729 | +10.6% |
| Amounts payable after more than one year | 17 | €2,251 | - | -€2,251 | |
| Financial debts | 170/4 | €2,251 | - | -€2,251 | |
| Amounts payable within one year | 42/48 | €249,335 | €278,314 | +€28,980 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €26,222 | €51,340 | +€25,119 | +95.8% |
| Trade debts | 44 | €38,749 | €12,855 | -€25,894 | -66.8% |
| Suppliers | 440/4 | €38,749 | €12,855 | -€25,894 | -66.8% |
| Taxes, remuneration and social security | 45 | €171,224 | €185,852 | +€14,628 | +8.5% |
| Taxes | 450/3 | €167,260 | €184,227 | +€16,967 | +10.1% |
| Remuneration and social security | 454/9 | €3,964 | €1,625 | -€2,339 | -59.0% |
| Other amounts payable | 47/48 | €13,140 | €28,267 | +€15,127 | +115% |
| Non-recurring operating income | 76A | - | €3,216 | +€3,216 | |
| Remuneration, social security and pensions | 62 | €15,737 | €16,350 | +€613 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,862 | €6,312 | -€1,550 | -19.7% |
| Other operating charges | 640/8 | €17,422 | €17,019 | -€403 | -2.3% |
| Non-recurring operating charges | 66A | - | €2,892 | +€2,892 | |
| Gross operating margin | 9900 | €301,861 | €351,109 | +€49,249 | +16.3% |
| Operating profit (loss) | 9901 | €260,840 | €308,536 | +€47,696 | +18.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +467% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +467% |
| Financial charges | 65/66B | €5,519 | €6,282 | +€763 | +13.8% |
| Recurring financial charges | 65 | €5,519 | €6,282 | +€763 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €255,321 | €302,254 | +€46,933 | +18.4% |
| Income taxes | 67/77 | €98,085 | €85,315 | -€12,770 | -13.0% |
| Profit (loss) for the period | 9904 | €157,235 | €216,939 | +€59,704 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,235 | €216,939 | +€59,704 | +38.0% |
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 25 October 2026 via checked.be.