JRD PROJECTS: 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.
JRD PROJECTS
Largest movements
- Cash +€74,744
up €74,744 (+1,071%), from €6,982 to €81,726
mainly Other debts (+€75,659) and Current investments (+€44,748)
- Current investments -€44,748
down €44,748 (-63.9%), from €70,000 to €25,252
- Receivables within one year +€2,299
up €2,299 (+22.0%), from €10,449 to €12,749
of which Other amounts receivable: +€4,081
- Other debts +€75,659
up €75,659 (+5,341%), from €1,417 to €77,076
- Profit (loss) carried forward -€42,479
down €42,479 (-54.2%), from €78,385 to €35,906
- Tax, wage and social debts -€1,952
down €1,952 (-91.6%), from €2,132 to €180
- Gross operating margin +€12,546
up €12,546 (+45.2%), from €27,786 to €40,332
- Taxes +€2,627
up €2,627 (+47.4%), from €5,549 to €8,176
- Financial income +€1,106
up €1,106 (+102%), from €1,083 to €2,188
- Depreciation +€477
up €477 (+43.0%), from €1,109 to €1,586
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 | €93,082 | €124,353 | +€31,271 | +33.6% |
| Formation expenses | 20 | €520 | €260 | -€260 | -50.0% |
| Fixed assets | 21/28 | €5,131 | €4,367 | -€764 | -14.9% |
| Tangible fixed assets | 22/27 | €5,131 | €4,367 | -€764 | -14.9% |
| Plant, machinery and equipment | 23 | €3,905 | €2,824 | -€1,082 | -27.7% |
| Furniture and vehicles | 24 | €1,226 | €1,543 | +€317 | +25.9% |
| Current assets | 29/58 | €87,431 | €119,726 | +€32,295 | +36.9% |
| Amounts receivable within one year | 40/41 | €10,449 | €12,749 | +€2,299 | +22.0% |
| Trade receivables | 40 | €8,831 | €7,050 | -€1,782 | -20.2% |
| Other amounts receivable | 41 | €1,618 | €5,699 | +€4,081 | +252% |
| Current investments | 50/53 | €70,000 | €25,252 | -€44,748 | -63.9% |
| Cash at bank and in hand | 54/58 | €6,982 | €81,726 | +€74,744 | +1,071% |
| Total equity and liabilities | 10/49 | €93,082 | €124,353 | +€31,271 | +33.6% |
| Equity | 10/15 | €88,285 | €45,806 | -€42,479 | -48.1% |
| Contributions | 10/11 | €9,900 | €9,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,385 | €35,906 | -€42,479 | -54.2% |
| Amounts payable | 17/49 | €4,797 | €78,546 | +€73,750 | +1,538% |
| Amounts payable within one year | 42/48 | €4,797 | €78,546 | +€73,750 | +1,538% |
| Trade debts | 44 | €1,248 | €1,291 | +€43 | +3.4% |
| Suppliers | 440/4 | €1,248 | €1,291 | +€43 | +3.4% |
| Taxes, remuneration and social security | 45 | €2,132 | €180 | -€1,952 | -91.6% |
| Taxes | 450/3 | €2,132 | €180 | -€1,952 | -91.6% |
| Other amounts payable | 47/48 | €1,417 | €77,076 | +€75,659 | +5,341% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,109 | €1,586 | +€477 | +43.0% |
| Other operating charges | 640/8 | €191 | €193 | +€2 | +1.0% |
| Gross operating margin | 9900 | €27,786 | €40,332 | +€12,546 | +45.2% |
| Operating profit (loss) | 9901 | €26,486 | €38,553 | +€12,067 | +45.6% |
| Financial income | 75/76B | €1,083 | €2,188 | +€1,106 | +102% |
| Recurring financial income | 75 | €1,083 | €2,188 | +€1,106 | +102% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +12.7% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €27,529 | €40,697 | +€13,168 | +47.8% |
| Income taxes | 67/77 | €5,549 | €8,176 | +€2,627 | +47.4% |
| Profit (loss) for the period | 9904 | €21,981 | €32,521 | +€10,540 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,981 | €32,521 | +€10,540 | +48.0% |
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 21 October 2026 via checked.be.