JRD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+412.5%), from €325,298 to €1.7m
of which Land and buildings: +€1.4m
- Stocks and contracts -€507,437
no longer reported in 2025 (was €507,437)
- Cash +€116,996
up €116,996 (+1172.4%), from €9,979 to €126,975
mainly Debts after one year (+€1.3m) and Stocks and contracts (+€507,437)
- Receivables within one year +€115,717
up €115,717 (+92.1%), from €125,681 to €241,398
of which Other amounts receivable: +€114,153
- Deferred charges and accrued income +€25,390
new in 2025: €25,390
- Debts after one year +€1.3m
up €1.3m (+374.3%), from €356,215 to €1.7m
- Profit (loss) carried forward -€209,151
down €209,151 (-53.2%), from €393,205 to €184,055
- Other debts -€57,610
no longer reported in 2025 (was €57,610)
- Turnover +€350,568
up €350,568 (+67.8%), from €516,987 to €867,555
- Gross operating margin -€209,544
down €209,544 (-53.7%), from €390,248 to €180,704
- Depreciation +€197,916
up €197,916 (+275.6%), from €71,810 to €269,726
- Taxes -€76,324
down €76,324 (-92.2%), from €82,749 to €6,425
- Other operating charges -€25,940
down €25,940 (-70.9%), from €36,581 to €10,641
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 | €969,045 | €2,061,531 | +€1.1m | +112.7% |
| Fixed assets | 21/28 | €325,948 | €1,667,767 | +€1.3m | +411.7% |
| Tangible fixed assets | 22/27 | €325,298 | €1,667,117 | +€1.3m | +412.5% |
| Land and buildings | 22 | €135,566 | €1,509,954 | +€1.4m | +1013.8% |
| Plant, machinery and equipment | 23 | €7,734 | €28,413 | +€20,679 | +267.4% |
| Furniture and vehicles | 24 | €181,998 | €128,749 | -€53,249 | -29.3% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €643,097 | €393,764 | -€249,333 | -38.8% |
| Stocks and contracts in progress | 3 | €507,437 | - | -€507,437 | |
| Stocks | 30/36 | €507,437 | - | -€507,437 | |
| Amounts receivable within one year | 40/41 | €125,681 | €241,398 | +€115,717 | +92.1% |
| Trade receivables | 40 | €14,634 | €16,198 | +€1,564 | +10.7% |
| Other amounts receivable | 41 | €111,047 | €225,200 | +€114,153 | +102.8% |
| Cash at bank and in hand | 54/58 | €9,979 | €126,975 | +€116,996 | +1172.4% |
| Deferred charges and accrued income | 490/1 | - | €25,390 | +€25,390 | |
| Total equity and liabilities | 10/49 | €969,045 | €2,061,531 | +€1.1m | +112.7% |
| Equity | 10/15 | €467,205 | €258,055 | -€209,151 | -44.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,205 | €184,055 | -€209,151 | -53.2% |
| Amounts payable | 17/49 | €501,840 | €1,803,476 | +€1.3m | +259.4% |
| Amounts payable after more than one year | 17 | €356,215 | €1,689,399 | +€1.3m | +374.3% |
| Financial debts | 170/4 | €356,215 | €1,689,399 | +€1.3m | +374.3% |
| Amounts payable within one year | 42/48 | €145,624 | €114,077 | -€31,547 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €34,486 | €34,820 | +€334 | +1.0% |
| Trade debts | 44 | €13,965 | €33,852 | +€19,887 | +142.4% |
| Suppliers | 440/4 | €13,965 | €33,852 | +€19,887 | +142.4% |
| Taxes, remuneration and social security | 45 | €39,563 | €45,406 | +€5,842 | +14.8% |
| Taxes | 450/3 | €20,112 | €16,405 | -€3,708 | -18.4% |
| Remuneration and social security | 454/9 | €19,451 | €29,001 | +€9,550 | +49.1% |
| Other amounts payable | 47/48 | €57,610 | - | -€57,610 | |
| Turnover | 70 | €516,987 | €867,555 | +€350,568 | +67.8% |
| Non-recurring operating income | 76A | €50,681 | - | -€50,681 | |
| Goods, raw materials, services and sundry goods | 60/61 | €203,804 | €192,462 | -€11,342 | -5.6% |
| Remuneration, social security and pensions | 62 | €90,804 | €86,313 | -€4,491 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,810 | €269,726 | +€197,916 | +275.6% |
| Other operating charges | 640/8 | €36,581 | €10,641 | -€25,940 | -70.9% |
| Gross operating margin | 9900 | €390,248 | €180,704 | -€209,544 | -53.7% |
| Operating profit (loss) | 9901 | €191,053 | -€185,976 | -€377,029 | |
| Financial charges | 65/66B | €9,122 | €16,749 | +€7,628 | +83.6% |
| Recurring financial charges | 65 | €9,122 | €16,749 | +€7,628 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €181,931 | -€202,726 | -€384,657 | |
| Income taxes | 67/77 | €82,749 | €6,425 | -€76,324 | -92.2% |
| Profit (loss) for the period | 9904 | €99,183 | -€209,151 | -€308,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,183 | -€209,151 | -€308,333 |
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 3 October 2026 via checked.be.