JRDECO: 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.
JRDECO
Largest movements
- Receivables within one year +€30,540
up €30,540 (+126.1%), from €24,216 to €54,756
of which Trade receivables: +€17,878
- Stocks and contracts +€18,577
up €18,577 (+404.0%), from €4,598 to €23,176
- Cash -€6,402
no longer reported in 2025 (was €6,402)
mainly Receivables within one year (-€30,540) and Investment in fixed assets (net) (-€25,729)
- Tangible fixed assets +€6,095
up €6,095 (+2.3%), from €266,342 to €272,438
of which Plant, machinery and equipment: +€17,925
- Other debts +€15,718
up €15,718 (+11.0%), from €142,328 to €158,046
- Debts after one year +€12,444
up €12,444 (+10.6%), from €117,336 to €129,780
- Current portion of long-term debt +€9,785
up €9,785 (+83.3%), from €11,749 to €21,534
- Tax, wage and social debts +€7,486
up €7,486 (+54.2%), from €13,818 to €21,303
of which Remuneration and social security: +€4,640
- Gross operating margin +€43,884
up €43,884 (+31.7%), from €138,476 to €182,360
- Staff costs +€10,017
up €10,017 (+8.1%), from €123,859 to €133,876
- Depreciation +€9,861
up €9,861 (+100.9%), from €9,773 to €19,633
- Taxes +€3,951
new in 2025: €3,951
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 | €303,962 | €350,748 | +€46,785 | +15.4% |
| Fixed assets | 21/28 | €266,342 | €272,438 | +€6,095 | +2.3% |
| Tangible fixed assets | 22/27 | €266,342 | €272,438 | +€6,095 | +2.3% |
| Land and buildings | 22 | €218,271 | €209,371 | -€8,900 | -4.1% |
| Plant, machinery and equipment | 23 | €40,726 | €58,652 | +€17,925 | +44.0% |
| Furniture and vehicles | 24 | €7,345 | €4,415 | -€2,930 | -39.9% |
| Current assets | 29/58 | €37,620 | €78,310 | +€40,690 | +108.2% |
| Stocks and contracts in progress | 3 | €4,598 | €23,176 | +€18,577 | +404.0% |
| Stocks | 30/36 | €4,598 | €23,176 | +€18,577 | +404.0% |
| Amounts receivable within one year | 40/41 | €24,216 | €54,756 | +€30,540 | +126.1% |
| Trade receivables | 40 | €9,216 | €27,095 | +€17,878 | +194.0% |
| Other amounts receivable | 41 | €15,000 | €27,662 | +€12,662 | +84.4% |
| Cash at bank and in hand | 54/58 | €6,402 | - | -€6,402 | |
| Deferred charges and accrued income | 490/1 | €2,403 | €378 | -€2,025 | -84.3% |
| Total equity and liabilities | 10/49 | €303,962 | €350,748 | +€46,785 | +15.4% |
| Equity | 10/15 | €8,672 | €10,000 | +€1,328 | +15.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,328 | - | +€1,328 | |
| Amounts payable | 17/49 | €295,291 | €340,748 | +€45,457 | +15.4% |
| Amounts payable after more than one year | 17 | €117,336 | €129,780 | +€12,444 | +10.6% |
| Financial debts | 170/4 | €117,336 | €129,780 | +€12,444 | +10.6% |
| Amounts payable within one year | 42/48 | €177,365 | €210,959 | +€33,593 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €11,749 | €21,534 | +€9,785 | +83.3% |
| Financial debts | 43 | - | €3,373 | +€3,373 | |
| Credit institutions | 430/8 | - | €3,373 | +€3,373 | |
| Trade debts | 44 | €9,471 | €6,703 | -€2,768 | -29.2% |
| Suppliers | 440/4 | €9,471 | €6,703 | -€2,768 | -29.2% |
| Taxes, remuneration and social security | 45 | €13,818 | €21,303 | +€7,486 | +54.2% |
| Taxes | 450/3 | €1,522 | €4,368 | +€2,845 | +186.9% |
| Remuneration and social security | 454/9 | €12,295 | €16,936 | +€4,640 | +37.7% |
| Other amounts payable | 47/48 | €142,328 | €158,046 | +€15,718 | +11.0% |
| Accrued charges and deferred income | 492/3 | €590 | €9 | -€581 | -98.5% |
| Remuneration, social security and pensions | 62 | €123,859 | €133,876 | +€10,017 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,773 | €19,633 | +€9,861 | +100.9% |
| Other operating charges | 640/8 | €1,799 | €2,562 | +€763 | +42.4% |
| Gross operating margin | 9900 | €138,476 | €182,360 | +€43,884 | +31.7% |
| Operating profit (loss) | 9901 | €3,046 | €26,288 | +€23,243 | +763.1% |
| Financial income | 75/76B | €50 | €4 | -€46 | -91.8% |
| Recurring financial income | 75 | €50 | €4 | -€46 | -91.8% |
| Financial charges | 65/66B | €5,603 | €6,637 | +€1,034 | +18.5% |
| Recurring financial charges | 65 | €5,603 | €6,637 | +€1,034 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,507 | €19,655 | +€22,162 | |
| Income taxes | 67/77 | - | €3,951 | +€3,951 | |
| Profit (loss) for the period | 9904 | -€2,507 | €15,705 | +€18,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,507 | €15,705 | +€18,212 |
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 11 October 2026 via checked.be.