Bernard Jadot: 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.
Bernard Jadot
Largest movements
- Receivables within one year +€31,285
up €31,285 (+88.0%), from €35,556 to €66,841
of which Trade receivables: +€31,018
- Cash +€30,378
up €30,378 (+75.6%), from €40,200 to €70,578
mainly Net result for the year (+€29,597) and Other debts (+€20,120)
- Intangible fixed assets -€6,757
down €6,757 (-17.8%), from €37,919 to €31,162
- Other debts +€20,120
new in 2025: €20,120
- Trade debts +€16,420
up €16,420 (+49.3%), from €33,326 to €49,746
- Tax, wage and social debts +€13,364
up €13,364 (+37.6%), from €35,532 to €48,896
of which Taxes: +€21,766
- Profit (loss) carried forward +€9,597
up €9,597 (+175%), from €5,470 to €15,067
- Debts after one year -€4,010
down €4,010 (-13.0%), from €30,889 to €26,879
- Gross operating margin +€100,129
up €100,129 (+83.8%), from €119,431 to €219,560
- Staff costs +€58,900
up €58,900 (+62.6%), from €94,059 to €152,959
- Depreciation -€11,563
down €11,563 (-36.7%), from €31,478 to €19,915
- Taxes +€9,593
up €9,593 (+6,852%), from €140 to €9,733
- Other operating charges +€4,193
up €4,193 (+499%), from €840 to €5,033
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 | €142,878 | €200,760 | +€57,882 | +40.5% |
| Fixed assets | 21/28 | €67,005 | €61,381 | -€5,624 | -8.4% |
| Intangible fixed assets | 21 | €37,919 | €31,162 | -€6,757 | -17.8% |
| Tangible fixed assets | 22/27 | €28,936 | €30,069 | +€1,133 | +3.9% |
| Furniture and vehicles | 24 | €23,060 | €26,198 | +€3,138 | +13.6% |
| Other tangible fixed assets | 26 | €5,876 | €3,871 | -€2,005 | -34.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €75,873 | €139,379 | +€63,506 | +83.7% |
| Amounts receivable within one year | 40/41 | €35,556 | €66,841 | +€31,285 | +88.0% |
| Trade receivables | 40 | €35,556 | €66,574 | +€31,018 | +87.2% |
| Other amounts receivable | 41 | - | €267 | +€267 | |
| Cash at bank and in hand | 54/58 | €40,200 | €70,578 | +€30,378 | +75.6% |
| Deferred charges and accrued income | 490/1 | €117 | €1,960 | +€1,843 | +1,575% |
| Total equity and liabilities | 10/49 | €142,878 | €200,760 | +€57,882 | +40.5% |
| Equity | 10/15 | €33,229 | €42,826 | +€9,597 | +28.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €15,259 | €15,259 | = | 0.0% |
| Distributable reserves | 133 | €15,259 | €15,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,470 | €15,067 | +€9,597 | +175% |
| Amounts payable | 17/49 | €109,649 | €157,934 | +€48,285 | +44.0% |
| Amounts payable after more than one year | 17 | €30,889 | €26,879 | -€4,010 | -13.0% |
| Financial debts | 170/4 | €30,889 | €26,879 | -€4,010 | -13.0% |
| Amounts payable within one year | 42/48 | €78,760 | €131,055 | +€52,295 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €9,902 | €12,293 | +€2,391 | +24.1% |
| Trade debts | 44 | €33,326 | €49,746 | +€16,420 | +49.3% |
| Suppliers | 440/4 | €33,326 | €49,746 | +€16,420 | +49.3% |
| Taxes, remuneration and social security | 45 | €35,532 | €48,896 | +€13,364 | +37.6% |
| Taxes | 450/3 | €11,590 | €33,356 | +€21,766 | +188% |
| Remuneration and social security | 454/9 | €23,942 | €15,540 | -€8,402 | -35.1% |
| Other amounts payable | 47/48 | - | €20,120 | +€20,120 | |
| Remuneration, social security and pensions | 62 | €94,059 | €152,959 | +€58,900 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,478 | €19,915 | -€11,563 | -36.7% |
| Other operating charges | 640/8 | €840 | €5,033 | +€4,193 | +499% |
| Gross operating margin | 9900 | €119,431 | €219,560 | +€100,129 | +83.8% |
| Operating profit (loss) | 9901 | -€6,946 | €41,653 | +€48,599 | |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €2,056 | €2,323 | +€267 | +13.0% |
| Recurring financial charges | 65 | €2,056 | €2,323 | +€267 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,976 | €39,330 | +€48,306 | |
| Income taxes | 67/77 | €140 | €9,733 | +€9,593 | +6,852% |
| Profit (loss) for the period | 9904 | -€9,116 | €29,597 | +€38,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,116 | €29,597 | +€38,713 |
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 26 October 2026 via checked.be.