JRDNS: 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.
JRDNS
Largest movements
- Cash +€46,686
up €46,686 (+128.1%), from €36,447 to €83,133
mainly Net result for the year (+€31,368) and Current investments (+€18,538)
- Current investments -€18,538
down €18,538 (-100.0%), from €18,538 to €0
- Tangible fixed assets -€12,474
down €12,474 (-23.8%), from €52,440 to €39,966
of which Leasing and similar rights: -€12,687
- Receivables within one year +€2,879
up €2,879 (+14.2%), from €20,212 to €23,091
of which Other amounts receivable: +€2,157
- Reserves +€25,656
up €25,656 (+36.2%), from €70,903 to €96,560
- Debts after one year -€12,754
down €12,754 (-33.9%), from €37,590 to €24,835
- Other debts +€5,605
up €5,605 (+5272.6%), from €106 to €5,711
- Gross operating margin -€11,809
down €11,809 (-15.0%), from €78,837 to €67,028
- Taxes -€4,396
down €4,396 (-25.2%), from €17,455 to €13,059
- Financial charges +€3,406
up €3,406 (+123.4%), from €2,761 to €6,167
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 | €131,307 | €150,552 | +€19,245 | +14.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €52,440 | €39,966 | -€12,474 | -23.8% |
| Tangible fixed assets | 22/27 | €52,440 | €39,966 | -€12,474 | -23.8% |
| Leasing and similar rights | 25 | €47,830 | €35,142 | -€12,687 | -26.5% |
| Other tangible fixed assets | 26 | €4,610 | €4,824 | +€214 | +4.6% |
| Current assets | 29/58 | €78,867 | €110,585 | +€31,718 | +40.2% |
| Amounts receivable within one year | 40/41 | €20,212 | €23,091 | +€2,879 | +14.2% |
| Trade receivables | 40 | €20,167 | €20,889 | +€722 | +3.6% |
| Other amounts receivable | 41 | €45 | €2,202 | +€2,157 | +4754.4% |
| Current investments | 50/53 | €18,538 | €0 | -€18,538 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,447 | €83,133 | +€46,686 | +128.1% |
| Deferred charges and accrued income | 490/1 | €3,670 | €4,362 | +€692 | +18.9% |
| Total equity and liabilities | 10/49 | €131,307 | €150,552 | +€19,245 | +14.7% |
| Equity | 10/15 | €73,303 | €98,960 | +€25,656 | +35.0% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €70,903 | €96,560 | +€25,656 | +36.2% |
| Distributable reserves | 133 | €70,903 | €96,560 | +€25,656 | +36.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €58,004 | €51,592 | -€6,412 | -11.1% |
| Amounts payable after more than one year | 17 | €37,590 | €24,835 | -€12,754 | -33.9% |
| Financial debts | 170/4 | €37,590 | €24,835 | -€12,754 | -33.9% |
| Amounts payable within one year | 42/48 | €20,414 | €26,757 | +€6,343 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €12,225 | €12,754 | +€530 | +4.3% |
| Financial debts | 43 | €27 | €28 | +€1 | +2.2% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €27 | €28 | +€1 | +2.2% |
| Trade debts | 44 | €3,383 | €4,881 | +€1,498 | +44.3% |
| Suppliers | 440/4 | €3,383 | €4,881 | +€1,498 | +44.3% |
| Taxes, remuneration and social security | 45 | €4,672 | €3,382 | -€1,290 | -27.6% |
| Taxes | 450/3 | €4,672 | €3,382 | -€1,290 | -27.6% |
| Other amounts payable | 47/48 | €106 | €5,711 | +€5,605 | +5272.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,556 | €14,100 | +€544 | +4.0% |
| Other operating charges | 640/8 | €2,393 | €2,336 | -€57 | -2.4% |
| Gross operating margin | 9900 | €78,837 | €67,028 | -€11,809 | -15.0% |
| Operating profit (loss) | 9901 | €62,889 | €50,592 | -€12,296 | -19.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,761 | €6,167 | +€3,406 | +123.4% |
| Recurring financial charges | 65 | €2,761 | €6,167 | +€3,406 | +123.4% |
| Profit (loss) for the period before taxes | 9903 | €60,128 | €44,427 | -€15,701 | -26.1% |
| Income taxes | 67/77 | €17,455 | €13,059 | -€4,396 | -25.2% |
| Profit (loss) for the period | 9904 | €42,673 | €31,368 | -€11,306 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,673 | €31,368 | -€11,306 | -26.5% |
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 4 October 2026 via checked.be.