JAD SERVICES: 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.
JAD SERVICES
Largest movements
- Stocks and contracts -€140,869
down €140,869 (-63.0%), from €223,704 to €82,835
- Receivables within one year -€119,014
down €119,014 (-45.8%), from €259,646 to €140,631
of which Trade receivables: -€121,648
- Cash -€25,182
down €25,182 (-87.3%), from €28,858 to €3,676
mainly Trade debts (-€148,431) and Current portion of long-term debt (-€77,605)
- Trade debts -€148,431
down €148,431 (-75.5%), from €196,506 to €48,075
- Current portion of long-term debt -€77,605
down €77,605 (-52.8%), from €147,000 to €69,395
- Other debts -€44,446
down €44,446 (-98.5%), from €45,142 to €696
- Profit (loss) carried forward -€12,378
down €12,378 (-14.6%), from €84,584 to €72,205
- Turnover +€1.4m
new in 2025: €1.4m
- Purchases and services +€158,594
up €158,594 (+13.8%), from €1.1m to €1.3m
- Staff costs +€39,436
up €39,436 (+362.9%), from €10,868 to €50,304
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.
Cash bridge derived
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 | €512,207 | €229,118 | -€283,089 | -55.3% |
| Fixed assets | 21/28 | - | €1,445 | +€1,445 | |
| Tangible fixed assets | 22/27 | - | €1,445 | +€1,445 | |
| Furniture and vehicles | 24 | - | €1,445 | +€1,445 | |
| Current assets | 29/58 | €512,207 | €227,673 | -€284,534 | -55.6% |
| Stocks and contracts in progress | 3 | €223,704 | €82,835 | -€140,869 | -63.0% |
| Stocks | 30/36 | €223,704 | €82,835 | -€140,869 | -63.0% |
| Amounts receivable within one year | 40/41 | €259,646 | €140,631 | -€119,014 | -45.8% |
| Trade receivables | 40 | €259,646 | €137,997 | -€121,648 | -46.9% |
| Other amounts receivable | 41 | - | €2,634 | +€2,634 | |
| Cash at bank and in hand | 54/58 | €28,858 | €3,676 | -€25,182 | -87.3% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €512,207 | €229,118 | -€283,089 | -55.3% |
| Equity | 10/15 | €104,495 | €92,116 | -€12,378 | -11.8% |
| Contributions | 10/11 | €19,911 | €19,911 | = | 0.0% |
| Capital | 10 | €19,911 | - | -€19,911 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €89 | - | -€89 | |
| Contributions outside capital | 11 | - | €19,911 | +€19,911 | |
| Other | 1109/19 | - | €19,911 | +€19,911 | |
| Profit (loss) carried forward | 14 | €84,584 | €72,205 | -€12,378 | -14.6% |
| Amounts payable | 17/49 | €407,713 | €137,002 | -€270,711 | -66.4% |
| Amounts payable within one year | 42/48 | €407,713 | €137,002 | -€270,711 | -66.4% |
| Current portion of amounts payable after more than one year | 42 | €147,000 | €69,395 | -€77,605 | -52.8% |
| Trade debts | 44 | €196,506 | €48,075 | -€148,431 | -75.5% |
| Suppliers | 440/4 | €196,506 | €48,075 | -€148,431 | -75.5% |
| Taxes, remuneration and social security | 45 | €19,065 | €18,836 | -€229 | -1.2% |
| Taxes | 450/3 | €5,074 | €4,712 | -€362 | -7.1% |
| Remuneration and social security | 454/9 | €13,991 | €14,124 | +€133 | +0.9% |
| Other amounts payable | 47/48 | €45,142 | €696 | -€44,446 | -98.5% |
| Turnover | 70 | - | €1,359,547 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,145,361 | €1,303,955 | +€158,594 | +13.8% |
| Remuneration, social security and pensions | 62 | €10,868 | €50,304 | +€39,436 | +362.9% |
| Other operating charges | 640/8 | €184 | €692 | +€507 | +275.6% |
| Gross operating margin | 9900 | €46,298 | €59,209 | +€12,911 | +27.9% |
| Operating profit (loss) | 9901 | €35,246 | €8,214 | -€27,032 | -76.7% |
| Financial charges | 65/66B | €157 | €70 | -€87 | -55.4% |
| Recurring financial charges | 65 | €157 | €70 | -€87 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €35,089 | €8,144 | -€26,945 | -76.8% |
| Income taxes | 67/77 | €7,348 | - | -€7,348 | |
| Profit (loss) for the period | 9904 | €27,740 | €8,144 | -€19,597 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,740 | €8,144 | -€19,597 | -70.6% |
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 9 October 2026 via checked.be.