AD Jade: 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.
AD Jade
Largest movements
- Current investments +€146,614
up €146,614 (+9.5%), from €1.5m to €1.7m
- Intangible fixed assets -€87,000
down €87,000 (-33.3%), from €261,000 to €174,000
- Cash +€64,159
up €64,159 (+11.9%), from €537,426 to €601,585
mainly Net result for the year (+€476,551) and Depreciation (+€90,144)
- Reserves +€122,162
up €122,162 (+5.0%), from €2.5m to €2.6m
- Accrued charges and deferred income +€74,760
new in 2025: €74,760
- Tax, wage and social debts -€54,591
down €54,591 (-75.7%), from €72,149 to €17,558
- Trade debts -€35,876
down €35,876 (-36.1%), from €99,331 to €63,455
- Gross operating margin -€89,642
down €89,642 (-12.3%), from €729,156 to €639,514
- Financial income +€70,128
up €70,128 (+101%), from €69,604 to €139,732
- Taxes -€32,315
down €32,315 (-15.0%), from €214,727 to €182,412
- Financial charges +€14,787
up €14,787 (+527%), from €2,808 to €17,595
- Other operating charges +€10,618
up €10,618 (+551%), from €1,927 to €12,545
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 | €2,657,279 | €2,763,734 | +€106,455 | +4.0% |
| Fixed assets | 21/28 | €266,430 | €182,667 | -€83,763 | -31.4% |
| Intangible fixed assets | 21 | €261,000 | €174,000 | -€87,000 | -33.3% |
| Tangible fixed assets | 22/27 | €5,430 | €8,667 | +€3,237 | +59.6% |
| Plant, machinery and equipment | 23 | €408 | €4,820 | +€4,411 | +1,080% |
| Furniture and vehicles | 24 | €829 | €97 | -€732 | -88.3% |
| Other tangible fixed assets | 26 | €4,193 | €3,750 | -€443 | -10.6% |
| Current assets | 29/58 | €2,390,849 | €2,581,067 | +€190,218 | +8.0% |
| Amounts receivable within one year | 40/41 | €42,542 | €36,249 | -€6,293 | -14.8% |
| Other amounts receivable | 41 | €42,542 | €36,249 | -€6,293 | -14.8% |
| Current investments | 50/53 | €1,546,897 | €1,693,511 | +€146,614 | +9.5% |
| Cash at bank and in hand | 54/58 | €537,426 | €601,585 | +€64,159 | +11.9% |
| Deferred charges and accrued income | 490/1 | €263,984 | €249,723 | -€14,262 | -5.4% |
| Total equity and liabilities | 10/49 | €2,657,279 | €2,763,734 | +€106,455 | +4.0% |
| Equity | 10/15 | €2,485,799 | €2,607,962 | +€122,162 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,465,799 | €2,587,962 | +€122,162 | +5.0% |
| Distributable reserves | 133 | €2,465,799 | €2,587,962 | +€122,162 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,480 | €155,773 | -€15,707 | -9.2% |
| Amounts payable within one year | 42/48 | €171,480 | €81,013 | -€90,467 | -52.8% |
| Trade debts | 44 | €99,331 | €63,455 | -€35,876 | -36.1% |
| Suppliers | 440/4 | €99,331 | €63,455 | -€35,876 | -36.1% |
| Taxes, remuneration and social security | 45 | €72,149 | €17,558 | -€54,591 | -75.7% |
| Taxes | 450/3 | €72,149 | €17,558 | -€54,591 | -75.7% |
| Accrued charges and deferred income | 492/3 | - | €74,760 | +€74,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,439 | €90,144 | +€1,705 | +1.9% |
| Other operating charges | 640/8 | €1,927 | €12,545 | +€10,618 | +551% |
| Gross operating margin | 9900 | €729,156 | €639,514 | -€89,642 | -12.3% |
| Operating profit (loss) | 9901 | €638,791 | €536,825 | -€101,965 | -16.0% |
| Financial income | 75/76B | €69,604 | €139,732 | +€70,128 | +101% |
| Recurring financial income | 75 | €69,604 | €139,732 | +€70,128 | +101% |
| Financial charges | 65/66B | €2,808 | €17,595 | +€14,787 | +527% |
| Recurring financial charges | 65 | €2,808 | €17,595 | +€14,787 | +527% |
| Profit (loss) for the period before taxes | 9903 | €705,586 | €658,962 | -€46,624 | -6.6% |
| Income taxes | 67/77 | €214,727 | €182,412 | -€32,315 | -15.0% |
| Profit (loss) for the period | 9904 | €490,860 | €476,551 | -€14,309 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €490,860 | €476,551 | -€14,309 | -2.9% |
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 15 October 2026 via checked.be.