JA.DE.VA.: 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.
JA.DE.VA.
Largest movements
- Cash -€61,514
down €61,514 (-37.5%), from €163,963 to €102,449
mainly Contributions, distributions and other (-€137,967) and Debts after one year (-€131,741)
- Receivables within one year -€49,570
down €49,570 (-18.0%), from €274,891 to €225,320
of which Trade receivables: -€50,256
- Deferred charges and accrued income -€46,469
down €46,469 (-99.1%), from €46,887 to €418
- Debts after one year -€131,741
down €131,741 (-17.0%), from €775,616 to €643,875
- Other debts +€97,955
up €97,955 (+101%), from €96,972 to €194,927
- Trade debts -€79,350
down €79,350 (-69.8%), from €113,666 to €34,316
- Reserves -€34,326
down €34,326 (-3.0%), from €1.1m to €1.1m
- Gross operating margin +€25,167
up €25,167 (+10.9%), from €230,684 to €255,852
- Taxes +€14,173
up €14,173 (+39.2%), from €36,174 to €50,347
- Other operating charges -€10,785
down €10,785 (-19.9%), from €54,311 to €43,526
- Financial charges -€10,677
down €10,677 (-24.7%), from €43,310 to €32,633
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 | €2,369,457 | €2,207,035 | -€162,422 | -6.9% |
| Fixed assets | 21/28 | €455,154 | €435,661 | -€19,494 | -4.3% |
| Tangible fixed assets | 22/27 | €437,543 | €418,049 | -€19,494 | -4.5% |
| Land and buildings | 22 | €399,610 | €384,043 | -€15,567 | -3.9% |
| Furniture and vehicles | 24 | €23,449 | €20,022 | -€3,427 | -14.6% |
| Other tangible fixed assets | 26 | €14,484 | €13,984 | -€500 | -3.5% |
| Financial fixed assets | 28 | €17,612 | €17,612 | = | 0.0% |
| Current assets | 29/58 | €1,914,302 | €1,771,374 | -€142,928 | -7.5% |
| Stocks and contracts in progress | 3 | €1,428,562 | €1,443,187 | +€14,625 | +1.0% |
| Stocks | 30/36 | €1,428,562 | €1,443,187 | +€14,625 | +1.0% |
| Amounts receivable within one year | 40/41 | €274,891 | €225,320 | -€49,570 | -18.0% |
| Trade receivables | 40 | €265,684 | €215,428 | -€50,256 | -18.9% |
| Other amounts receivable | 41 | €9,207 | €9,893 | +€686 | +7.4% |
| Cash at bank and in hand | 54/58 | €163,963 | €102,449 | -€61,514 | -37.5% |
| Deferred charges and accrued income | 490/1 | €46,887 | €418 | -€46,469 | -99.1% |
| Total equity and liabilities | 10/49 | €2,369,457 | €2,207,035 | -€162,422 | -6.9% |
| Equity | 10/15 | €1,152,790 | €1,118,464 | -€34,326 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,132,790 | €1,098,464 | -€34,326 | -3.0% |
| Distributable reserves | 133 | €1,132,790 | €1,098,464 | -€34,326 | -3.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,216,666 | €1,088,571 | -€128,096 | -10.5% |
| Amounts payable after more than one year | 17 | €775,616 | €643,875 | -€131,741 | -17.0% |
| Financial debts | 170/4 | €775,616 | €643,875 | -€131,741 | -17.0% |
| Amounts payable within one year | 42/48 | €441,050 | €444,696 | +€3,645 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €148,943 | €131,741 | -€17,202 | -11.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €113,666 | €34,316 | -€79,350 | -69.8% |
| Suppliers | 440/4 | €113,666 | €34,316 | -€79,350 | -69.8% |
| Advances received on contracts in progress | 46 | €18,873 | €18,873 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,595 | €64,838 | +€2,243 | +3.6% |
| Taxes | 450/3 | €58,988 | €61,202 | +€2,214 | +3.8% |
| Remuneration and social security | 454/9 | €3,608 | €3,636 | +€28 | +0.8% |
| Other amounts payable | 47/48 | €96,972 | €194,927 | +€97,955 | +101% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,879 | €26,982 | +€103 | +0.4% |
| Other operating charges | 640/8 | €54,311 | €43,526 | -€10,785 | -19.9% |
| Gross operating margin | 9900 | €230,684 | €255,852 | +€25,167 | +10.9% |
| Operating profit (loss) | 9901 | €149,494 | €185,344 | +€35,850 | +24.0% |
| Financial income | 75/76B | €3,170 | €1,277 | -€1,893 | -59.7% |
| Recurring financial income | 75 | €3,170 | €1,277 | -€1,893 | -59.7% |
| Financial charges | 65/66B | €43,310 | €32,633 | -€10,677 | -24.7% |
| Recurring financial charges | 65 | €43,310 | €32,633 | -€10,677 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €109,354 | €153,988 | +€44,634 | +40.8% |
| Income taxes | 67/77 | €36,174 | €50,347 | +€14,173 | +39.2% |
| Profit (loss) for the period | 9904 | €73,180 | €103,641 | +€30,461 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,180 | €103,641 | +€30,461 | +41.6% |
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.