ETS JADIN: 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.
What changed
ETS JADIN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,612
2024 · €21,159-€17,547
Equity
€255,681
2024 · €252,069+€3,612
Cash
€3,685
2024 · €6,600-€2,915
Balance sheet total
€492,874
2024 · €469,008+€23,866
Largest movements
Assets
- Tangible fixed assets +€99,219
up €99,219 (+40.1%), from €247,731 to €346,949
of which Land and buildings: +€55,868
- Stocks and contracts -€42,257
down €42,257 (-24.8%), from €170,377 to €128,120
- Receivables within one year -€30,928
down €30,928 (-77.8%), from €39,736 to €8,808
of which Trade receivables: -€30,928
Equity and liabilities
- Debts after one year +€25,549
up €25,549 (+17.7%), from €144,079 to €169,629
- Short-term financial debts -€21,463
down €21,463 (-100%), from €21,463 to €0
- Current portion of long-term debt +€10,023
up €10,023 (+119%), from €8,396 to €18,419
- Profit (loss) carried forward +€6,635
up €6,635 (+2.9%), from €225,214 to €231,848
- Trade debts +€5,795
up €5,795 (+30.3%), from €19,135 to €24,930
Income statement
- Gross operating margin -€22,917
down €22,917 (-13.1%), from €174,798 to €151,881
- Depreciation +€10,946
up €10,946 (+54.4%), from €20,115 to €31,061
- Taxes -€9,219
down €9,219 (-98.1%), from €9,396 to €178
- Staff costs -€7,030
down €7,030 (-6.5%), from €108,382 to €101,352
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.
Result 2024
€21,159
Gross operating margin
-€22,917
Staff costs
+€7,030
Depreciation
-€10,946
Other operating charges
+€50
Other operating items
+€301
Financial income
+€106
Financial charges
-€865
Taxes
+€9,219
Deferred taxes and other
+€474
Result 2025
€3,612
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€113,255
Investment
-€130,280
Financing
+€14,109
Cash 2024
€6,600
From operations (derived)
+€113,255
Net result for the year
+€3,612
Depreciation
+€31,061
Stocks and contracts
+€42,257
Receivables within one year
+€30,928
Deferred charges and accrued income
-€747
Provisions
-€1,007
Trade debts
+€5,795
Tax, wage and social debts
+€1,220
Accrued charges and deferred income
+€137
Investment (derived)
-€130,280
Investment in fixed assets (net)
-€130,280
Financing
+€14,109
Debts after one year
+€25,549
Current portion of long-term debt
+€10,023
Short-term financial debts
-€21,463
Cash 2025
€3,685
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,008 | €492,874 | +€23,866 | +5.1% |
| Fixed assets | 21/28 | €247,880 | €347,099 | +€99,219 | +40.0% |
| Tangible fixed assets | 22/27 | €247,731 | €346,949 | +€99,219 | +40.1% |
| Land and buildings | 22 | €234,513 | €290,381 | +€55,868 | +23.8% |
| Plant, machinery and equipment | 23 | €10,701 | €11,500 | +€799 | +7.5% |
| Furniture and vehicles | 24 | €2,516 | €45,069 | +€42,553 | +1,691% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €221,127 | €145,774 | -€75,353 | -34.1% |
| Stocks and contracts in progress | 3 | €170,377 | €128,120 | -€42,257 | -24.8% |
| Stocks | 30/36 | €170,377 | €128,120 | -€42,257 | -24.8% |
| Amounts receivable within one year | 40/41 | €39,736 | €8,808 | -€30,928 | -77.8% |
| Trade receivables | 40 | €39,736 | €8,808 | -€30,928 | -77.8% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,600 | €3,685 | -€2,915 | -44.2% |
| Deferred charges and accrued income | 490/1 | €4,414 | €5,161 | +€747 | +16.9% |
| Total equity and liabilities | 10/49 | €469,008 | €492,874 | +€23,866 | +5.1% |
| Equity | 10/15 | €252,069 | €255,681 | +€3,612 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,263 | €5,241 | -€3,022 | -36.6% |
| Tax-exempt reserves | 132 | €5,660 | €2,638 | -€3,022 | -53.4% |
| Distributable reserves | 133 | €2,603 | €2,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,214 | €231,848 | +€6,635 | +2.9% |
| Provisions and deferred taxes | 16 | €1,887 | €879 | -€1,007 | -53.4% |
| Deferred taxes | 168 | €1,887 | €879 | -€1,007 | -53.4% |
| Amounts payable | 17/49 | €215,052 | €236,313 | +€21,261 | +9.9% |
| Amounts payable after more than one year | 17 | €144,079 | €169,629 | +€25,549 | +17.7% |
| Financial debts | 170/4 | €144,079 | €169,629 | +€25,549 | +17.7% |
| Amounts payable within one year | 42/48 | €70,973 | €66,548 | -€4,425 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €8,396 | €18,419 | +€10,023 | +119% |
| Financial debts | 43 | €21,463 | €0 | -€21,463 | -100% |
| Credit institutions | 430/8 | €21,463 | €0 | -€21,463 | -100% |
| Trade debts | 44 | €19,135 | €24,930 | +€5,795 | +30.3% |
| Suppliers | 440/4 | €19,135 | €24,930 | +€5,795 | +30.3% |
| Taxes, remuneration and social security | 45 | €21,884 | €23,104 | +€1,220 | +5.6% |
| Taxes | 450/3 | €13,806 | €14,527 | +€722 | +5.2% |
| Remuneration and social security | 454/9 | €8,079 | €8,577 | +€498 | +6.2% |
| Other amounts payable | 47/48 | €94 | €94 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €137 | +€137 | |
| Non-recurring operating income | 76A | €5,445 | €4,994 | -€451 | -8.3% |
| Remuneration, social security and pensions | 62 | €108,382 | €101,352 | -€7,030 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,115 | €31,061 | +€10,946 | +54.4% |
| Other operating charges | 640/8 | €6,608 | €6,558 | -€50 | -0.8% |
| Non-recurring operating charges | 66A | €301 | - | -€301 | |
| Gross operating margin | 9900 | €174,798 | €151,881 | -€22,917 | -13.1% |
| Operating profit (loss) | 9901 | €39,391 | €12,910 | -€26,481 | -67.2% |
| Financial income | 75/76B | €360 | €466 | +€106 | +29.5% |
| Recurring financial income | 75 | €360 | €466 | +€106 | +29.5% |
| Financial charges | 65/66B | €9,728 | €10,593 | +€865 | +8.9% |
| Recurring financial charges | 65 | €9,728 | €10,593 | +€865 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €30,022 | €2,782 | -€27,240 | -90.7% |
| Transfer from deferred taxes | 780 | €533 | €1,007 | +€474 | +89.0% |
| Income taxes | 67/77 | €9,396 | €178 | -€9,219 | -98.1% |
| Profit (loss) for the period | 9904 | €21,159 | €3,612 | -€17,547 | -82.9% |
| Transfer from tax-exempt reserves | 789 | €1,599 | €3,022 | +€1,423 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,758 | €6,635 | -€16,124 | -70.8% |
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.