JRD.G: what changed
Two fiscal 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.
JRD.G
Largest movements
- Receivables within one year +€77,640
up €77,640 (+37.9%), from €205,000 to €282,640
of which Trade receivables: +€79,000
- Cash -€38,288
down €38,288 (-58.0%), from €66,044 to €27,756
mainly Contributions, distributions and other (-€233,700) and Receivables within one year (-€77,640)
- Tangible fixed assets -€7,684
down €7,684 (-82.1%), from €9,355 to €1,671
- Other debts +€20,235
up €20,235 (+6.9%), from €291,837 to €312,072
- Tax, wage and social debts +€11,661
up €11,661 (+36.4%), from €32,027 to €43,688
of which Taxes: +€8,985
- Gross operating margin +€77,142
up €77,142 (+32.6%), from €236,339 to €313,482
- Taxes +€18,386
up €18,386 (+34.7%), from €52,974 to €71,360
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 | €481,864 | €513,221 | +€31,357 | +6.5% |
| Fixed assets | 21/28 | €9,448 | €1,764 | -€7,684 | -81.3% |
| Tangible fixed assets | 22/27 | €9,355 | €1,671 | -€7,684 | -82.1% |
| Furniture and vehicles | 24 | €9,355 | €1,671 | -€7,684 | -82.1% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €472,415 | €511,457 | +€39,042 | +8.3% |
| Amounts receivable within one year | 40/41 | €205,000 | €282,640 | +€77,640 | +37.9% |
| Trade receivables | 40 | €198,000 | €277,000 | +€79,000 | +39.9% |
| Other amounts receivable | 41 | €7,000 | €5,640 | -€1,360 | -19.4% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,044 | €27,756 | -€38,288 | -58.0% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,061 | -€310 | -22.6% |
| Total equity and liabilities | 10/49 | €481,864 | €513,221 | +€31,357 | +6.5% |
| Equity | 10/15 | €18,651 | €18,636 | -€14 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51 | €36 | -€14 | -28.4% |
| Amounts payable | 17/49 | €463,213 | €494,585 | +€31,372 | +6.8% |
| Amounts payable after more than one year | 17 | €136,000 | €136,000 | = | 0.0% |
| Financial debts | 170/4 | €136,000 | €136,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,213 | €358,585 | +€31,372 | +9.6% |
| Trade debts | 44 | €3,350 | €2,825 | -€525 | -15.7% |
| Suppliers | 440/4 | €3,350 | €2,825 | -€525 | -15.7% |
| Taxes, remuneration and social security | 45 | €32,027 | €43,688 | +€11,661 | +36.4% |
| Taxes | 450/3 | €32,027 | €41,012 | +€8,985 | +28.1% |
| Remuneration and social security | 454/9 | - | €2,676 | +€2,676 | |
| Other amounts payable | 47/48 | €291,837 | €312,072 | +€20,235 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,319 | €7,684 | -€635 | -7.6% |
| Other operating charges | 640/8 | €618 | €698 | +€80 | +12.9% |
| Gross operating margin | 9900 | €236,339 | €313,482 | +€77,142 | +32.6% |
| Operating profit (loss) | 9901 | €227,402 | €305,100 | +€77,698 | +34.2% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €227,348 | €305,046 | +€77,698 | +34.2% |
| Income taxes | 67/77 | €52,974 | €71,360 | +€18,386 | +34.7% |
| Profit (loss) for the period | 9904 | €174,374 | €233,686 | +€59,312 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,374 | €233,686 | +€59,312 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.