JDZ: 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.
JDZ
Largest movements
- Receivables within one year +€125,591
up €125,591 (+114%), from €110,632 to €236,223
of which Other amounts receivable: +€79,777
- Stocks and contracts -€21,300
no longer reported in 2025 (was €21,300)
- Cash +€15,455
up €15,455 (+8.6%), from €179,120 to €194,575
mainly Net result for the year (+€68,521) and Debts after one year (+€45,885)
- Tangible fixed assets -€8,525
down €8,525 (-23.0%), from €37,131 to €28,606
- Reserves +€50,000
up €50,000 (+19.2%), from €259,859 to €309,859
of which Distributable reserves: +€50,000
- Debts after one year +€45,885
new in 2025: €45,885
- Profit (loss) carried forward +€18,521
up €18,521 (+55.4%), from €33,428 to €51,949
- Current portion of long-term debt +€14,490
new in 2025: €14,490
- Trade debts -€12,130
down €12,130 (-39.7%), from €30,543 to €18,413
- Gross operating margin -€18,320
down €18,320 (-14.7%), from €124,242 to €105,922
- Taxes -€8,370
down €8,370 (-25.0%), from €33,485 to €25,115
- Depreciation +€4,326
up €4,326 (+103%), from €4,199 to €8,525
- Financial charges +€1,646
up €1,646 (+325%), from €506 to €2,152
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 | €348,583 | €463,248 | +€114,665 | +32.9% |
| Fixed assets | 21/28 | €37,131 | €28,606 | -€8,525 | -23.0% |
| Tangible fixed assets | 22/27 | €37,131 | €28,606 | -€8,525 | -23.0% |
| Furniture and vehicles | 24 | €37,131 | €28,606 | -€8,525 | -23.0% |
| Current assets | 29/58 | €311,452 | €434,642 | +€123,190 | +39.6% |
| Stocks and contracts in progress | 3 | €21,300 | - | -€21,300 | |
| Stocks | 30/36 | €21,300 | - | -€21,300 | |
| Amounts receivable within one year | 40/41 | €110,632 | €236,223 | +€125,591 | +114% |
| Trade receivables | 40 | €61,765 | €107,579 | +€45,814 | +74.2% |
| Other amounts receivable | 41 | €48,867 | €128,644 | +€79,777 | +163% |
| Cash at bank and in hand | 54/58 | €179,120 | €194,575 | +€15,455 | +8.6% |
| Deferred charges and accrued income | 490/1 | €400 | €3,844 | +€3,444 | +861% |
| Total equity and liabilities | 10/49 | €348,583 | €463,248 | +€114,665 | +32.9% |
| Equity | 10/15 | €299,484 | €368,005 | +€68,521 | +22.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €259,859 | €309,859 | +€50,000 | +19.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €258,000 | €308,000 | +€50,000 | +19.4% |
| Profit (loss) carried forward | 14 | €33,428 | €51,949 | +€18,521 | +55.4% |
| Amounts payable | 17/49 | €49,099 | €95,243 | +€46,144 | +94.0% |
| Amounts payable after more than one year | 17 | - | €45,885 | +€45,885 | |
| Financial debts | 170/4 | - | €45,885 | +€45,885 | |
| Amounts payable within one year | 42/48 | €48,735 | €49,053 | +€318 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,490 | +€14,490 | |
| Trade debts | 44 | €30,543 | €18,413 | -€12,130 | -39.7% |
| Suppliers | 440/4 | €30,543 | €18,413 | -€12,130 | -39.7% |
| Taxes, remuneration and social security | 45 | €18,192 | €16,150 | -€2,042 | -11.2% |
| Taxes | 450/3 | €12,892 | €16,150 | +€3,258 | +25.3% |
| Remuneration and social security | 454/9 | €5,300 | - | -€5,300 | |
| Accrued charges and deferred income | 492/3 | €364 | €305 | -€59 | -16.2% |
| Non-recurring operating income | 76A | €4,374 | €11,011 | +€6,637 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,199 | €8,525 | +€4,326 | +103% |
| Other operating charges | 640/8 | €2,050 | €1,695 | -€355 | -17.3% |
| Gross operating margin | 9900 | €124,242 | €105,922 | -€18,320 | -14.7% |
| Operating profit (loss) | 9901 | €117,993 | €95,702 | -€22,291 | -18.9% |
| Financial income | 75/76B | €1,000 | €86 | -€914 | -91.4% |
| Recurring financial income | 75 | €1,000 | €86 | -€914 | -91.4% |
| Financial charges | 65/66B | €506 | €2,152 | +€1,646 | +325% |
| Recurring financial charges | 65 | €506 | €2,152 | +€1,646 | +325% |
| Profit (loss) for the period before taxes | 9903 | €118,487 | €93,636 | -€24,851 | -21.0% |
| Income taxes | 67/77 | €33,485 | €25,115 | -€8,370 | -25.0% |
| Profit (loss) for the period | 9904 | €85,002 | €68,521 | -€16,481 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,002 | €68,521 | -€16,481 | -19.4% |
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 16 October 2026 via checked.be.