J.A.D.S. IMMO: 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.
J.A.D.S. IMMO
Largest movements
- Tangible fixed assets -€61,072
down €61,072 (-4.0%), from €1.5m to €1.5m
of which Land and buildings: -€45,900
- Cash +€60,190
up €60,190 (+57.1%), from €105,324 to €165,514
mainly Depreciation (+€83,907) and Net result for the year (+€23,941)
- Debts after one year -€53,290
down €53,290 (-4.4%), from €1.2m to €1.1m
- Profit (loss) carried forward +€23,941
up €23,941 (+27.9%), from €85,800 to €109,741
- Accrued charges and deferred income +€19,149
new in 2025: €19,149
- Gross operating margin +€17,369
up €17,369 (+12.2%), from €142,910 to €160,279
- Depreciation +€12,072
up €12,072 (+16.8%), from €71,834 to €83,907
- Financial charges +€8,847
up €8,847 (+33.2%), from €26,641 to €35,488
- Taxes +€5,025
up €5,025 (+202%), from €2,490 to €7,515
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 | €1,657,212 | €1,651,273 | -€5,939 | -0.4% |
| Fixed assets | 21/28 | €1,536,743 | €1,475,672 | -€61,072 | -4.0% |
| Tangible fixed assets | 22/27 | €1,520,093 | €1,459,022 | -€61,072 | -4.0% |
| Land and buildings | 22 | €1,340,092 | €1,294,193 | -€45,900 | -3.4% |
| Plant, machinery and equipment | 23 | €38,369 | €35,055 | -€3,314 | -8.6% |
| Furniture and vehicles | 24 | €84,318 | €63,394 | -€20,925 | -24.8% |
| Other tangible fixed assets | 26 | €57,314 | €66,380 | +€9,067 | +15.8% |
| Financial fixed assets | 28 | €16,650 | €16,650 | = | 0.0% |
| Current assets | 29/58 | €120,468 | €175,601 | +€55,133 | +45.8% |
| Amounts receivable within one year | 40/41 | €7,864 | €6,594 | -€1,270 | -16.2% |
| Trade receivables | 40 | €354 | €4,109 | +€3,755 | +1,059% |
| Other amounts receivable | 41 | €7,510 | €2,485 | -€5,025 | -66.9% |
| Cash at bank and in hand | 54/58 | €105,324 | €165,514 | +€60,190 | +57.1% |
| Deferred charges and accrued income | 490/1 | €7,280 | €3,493 | -€3,787 | -52.0% |
| Total equity and liabilities | 10/49 | €1,657,212 | €1,651,273 | -€5,939 | -0.4% |
| Equity | 10/15 | €89,800 | €113,741 | +€23,941 | +26.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,800 | €109,741 | +€23,941 | +27.9% |
| Amounts payable | 17/49 | €1,567,412 | €1,537,531 | -€29,880 | -1.9% |
| Amounts payable after more than one year | 17 | €1,201,016 | €1,147,726 | -€53,290 | -4.4% |
| Financial debts | 170/4 | €1,201,016 | €1,147,726 | -€53,290 | -4.4% |
| Amounts payable within one year | 42/48 | €366,396 | €370,657 | +€4,261 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €66,459 | €68,281 | +€1,822 | +2.7% |
| Trade debts | 44 | €17,169 | €19,638 | +€2,469 | +14.4% |
| Suppliers | 440/4 | €17,169 | €19,638 | +€2,469 | +14.4% |
| Other amounts payable | 47/48 | €282,767 | €282,737 | -€30 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €19,149 | +€19,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,834 | €83,907 | +€12,072 | +16.8% |
| Other operating charges | 640/8 | €10,158 | €9,429 | -€729 | -7.2% |
| Gross operating margin | 9900 | €142,910 | €160,279 | +€17,369 | +12.2% |
| Operating profit (loss) | 9901 | €60,918 | €66,944 | +€6,026 | +9.9% |
| Financial income | 75/76B | €1 | €1 | -€0 | -2.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -2.9% |
| Financial charges | 65/66B | €26,641 | €35,488 | +€8,847 | +33.2% |
| Recurring financial charges | 65 | €26,641 | €35,488 | +€8,847 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €34,278 | €31,457 | -€2,821 | -8.2% |
| Income taxes | 67/77 | €2,490 | €7,515 | +€5,025 | +202% |
| Profit (loss) for the period | 9904 | €31,788 | €23,941 | -€7,846 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,788 | €23,941 | -€7,846 | -24.7% |
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 30 October 2026 via checked.be.