JUDONG: 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.
JUDONG
Largest movements
- Receivables within one year +€23,321
up €23,321 (+40.0%), from €58,272 to €81,593
of which Trade receivables: +€26,879
- Stocks and contracts -€15,942
down €15,942 (-71.2%), from €22,376 to €6,435
- Tangible fixed assets -€10,600
down €10,600 (-8.2%), from €129,428 to €118,828
of which Land and buildings: -€8,583
- Short-term financial debts +€15,012
up €15,012 (+261.5%), from €5,740 to €20,752
- Debts after one year -€11,835
down €11,835 (-12.7%), from €92,924 to €81,089
- Reserves +€11,000
up €11,000 (+29.8%), from €36,860 to €47,860
of which Distributable reserves: +€11,000
- Tax, wage and social debts -€10,293
down €10,293 (-71.0%), from €14,492 to €4,200
- Current portion of long-term debt -€8,844
down €8,844 (-42.8%), from €20,679 to €11,835
- Gross operating margin +€34,063
up €34,063 (+2353.4%), from €1,447 to €35,511
- Financial charges -€3,636
down €3,636 (-41.1%), from €8,853 to €5,217
- Depreciation -€3,520
down €3,520 (-21.7%), from €16,224 to €12,703
- Other operating charges +€1,360
up €1,360 (+163.8%), from €830 to €2,190
- Taxes +€1,100
new in 2025: €1,100
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,248 | €207,614 | -€2,634 | -1.3% |
| Fixed assets | 21/28 | €129,428 | €118,828 | -€10,600 | -8.2% |
| Tangible fixed assets | 22/27 | €129,428 | €118,828 | -€10,600 | -8.2% |
| Land and buildings | 22 | €124,940 | €116,357 | -€8,583 | -6.9% |
| Plant, machinery and equipment | 23 | €1,660 | €2,471 | +€811 | +48.9% |
| Furniture and vehicles | 24 | €2,829 | - | -€2,829 | |
| Current assets | 29/58 | €80,820 | €88,786 | +€7,966 | +9.9% |
| Stocks and contracts in progress | 3 | €22,376 | €6,435 | -€15,942 | -71.2% |
| Stocks | 30/36 | €22,376 | €6,435 | -€15,942 | -71.2% |
| Amounts receivable within one year | 40/41 | €58,272 | €81,593 | +€23,321 | +40.0% |
| Trade receivables | 40 | €51,649 | €78,527 | +€26,879 | +52.0% |
| Other amounts receivable | 41 | €6,623 | €3,065 | -€3,558 | -53.7% |
| Deferred charges and accrued income | 490/1 | €172 | €759 | +€587 | +341.8% |
| Total equity and liabilities | 10/49 | €210,248 | €207,614 | -€2,634 | -1.3% |
| Equity | 10/15 | €17,752 | €28,890 | +€11,137 | +62.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,860 | €47,860 | +€11,000 | +29.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €46,000 | +€11,000 | +31.4% |
| Profit (loss) carried forward | 14 | -€25,308 | -€25,170 | +€137 | +0.5% |
| Amounts payable | 17/49 | €192,496 | €178,725 | -€13,771 | -7.2% |
| Amounts payable after more than one year | 17 | €92,924 | €81,089 | -€11,835 | -12.7% |
| Financial debts | 170/4 | €92,924 | €81,089 | -€11,835 | -12.7% |
| Amounts payable within one year | 42/48 | €96,721 | €95,386 | -€1,336 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €20,679 | €11,835 | -€8,844 | -42.8% |
| Financial debts | 43 | €5,740 | €20,752 | +€15,012 | +261.5% |
| Credit institutions | 430/8 | €5,740 | €20,752 | +€15,012 | +261.5% |
| Trade debts | 44 | €55,810 | €52,866 | -€2,944 | -5.3% |
| Suppliers | 440/4 | €55,810 | €52,866 | -€2,944 | -5.3% |
| Taxes, remuneration and social security | 45 | €14,492 | €4,200 | -€10,293 | -71.0% |
| Taxes | 450/3 | €14,492 | €4,200 | -€10,293 | -71.0% |
| Other amounts payable | 47/48 | - | €5,733 | +€5,733 | |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,250 | -€600 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,224 | €12,703 | -€3,520 | -21.7% |
| Other operating charges | 640/8 | €830 | €2,190 | +€1,360 | +163.8% |
| Non-recurring operating charges | 66A | - | €3,201 | +€3,201 | |
| Gross operating margin | 9900 | €1,447 | €35,511 | +€34,063 | +2353.4% |
| Operating profit (loss) | 9901 | -€15,606 | €17,416 | +€33,022 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €8,853 | €5,217 | -€3,636 | -41.1% |
| Recurring financial charges | 65 | €8,853 | €5,217 | -€3,636 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,459 | €12,237 | +€36,696 | |
| Income taxes | 67/77 | - | €1,100 | +€1,100 | |
| Profit (loss) for the period | 9904 | -€24,459 | €11,137 | +€35,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,459 | €11,137 | +€35,596 |
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.