JADA ARTS: 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
JADA ARTS
NACE 47.791, Retail sale of antiques
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,132
2024 · €22,098-€30,230
Equity
€1.1m
2024 · €1.1m-€8,133
Cash
€91,494
2024 · €81,364+€10,130
Balance sheet total
€2.7m
2024 · €2.5m+€162,098
Largest movements
Assets
- Stocks and contracts +€183,804
up €183,804 (+7.7%), from €2.4m to €2.6m
of which Stocks: +€171,304
- Receivables within one year -€32,607
down €32,607 (-64.5%), from €50,537 to €17,930
of which Trade receivables: -€27,121
Equity and liabilities
- Other debts +€179,341
up €179,341 (+13.9%), from €1.3m to €1.5m
Income statement
- Gross operating margin -€29,166
down €29,166 (-39.6%), from €73,717 to €44,551
- Taxes -€13,872
down €13,872, from €7,232 to -€6,640
- Financial charges +€9,192
up €9,192 (+21.2%), from €43,281 to €52,473
- Other operating charges +€4,282
up €4,282 (+92.7%), from €4,620 to €8,902
- Financial income -€1,378
down €1,378 (-34.6%), from €3,983 to €2,605
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
€22,098
Gross operating margin
-€29,166
Depreciation
-€84
Other operating charges
-€4,282
Financial income
-€1,378
Financial charges
-€9,192
Taxes
+€13,872
Result 2025
-€8,132
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.
From operations
+€16,648
Investment
-€1,127
Financing
-€5,391
Cash 2024
€81,364
From operations (derived)
+€16,648
Net result for the year
-€8,132
Depreciation
+€553
Stocks and contracts
-€183,804
Receivables within one year
+€32,607
Deferred charges and accrued income
-€197
Trade debts
-€18,022
Tax, wage and social debts
+€2,000
Other debts
+€179,341
Accrued charges and deferred income
+€12,302
Investment (derived)
-€1,127
Investment in fixed assets (net)
-€1,085
Current investments
-€42
Financing
-€5,391
Debts after one year
-€1
Current portion of long-term debt
-€5,389
Contributions, distributions and other
-€1
Cash 2025
€91,494
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,543,061 | €2,705,159 | +€162,098 | +6.4% |
| Fixed assets | 21/28 | €1,057 | €1,589 | +€532 | +50.3% |
| Tangible fixed assets | 22/27 | €1,057 | €1,589 | +€532 | +50.3% |
| Plant, machinery and equipment | 23 | €734 | €487 | -€247 | -33.7% |
| Furniture and vehicles | 24 | €323 | €1,102 | +€779 | +241.2% |
| Current assets | 29/58 | €2,542,004 | €2,703,570 | +€161,566 | +6.4% |
| Stocks and contracts in progress | 3 | €2,399,749 | €2,583,553 | +€183,804 | +7.7% |
| Stocks | 30/36 | €2,317,249 | €2,488,553 | +€171,304 | +7.4% |
| Contracts in progress | 37 | €82,500 | €95,000 | +€12,500 | +15.2% |
| Amounts receivable within one year | 40/41 | €50,537 | €17,930 | -€32,607 | -64.5% |
| Trade receivables | 40 | €39,675 | €12,554 | -€27,121 | -68.4% |
| Other amounts receivable | 41 | €10,862 | €5,376 | -€5,486 | -50.5% |
| Current investments | 50/53 | €5,051 | €5,093 | +€42 | +0.8% |
| Cash at bank and in hand | 54/58 | €81,364 | €91,494 | +€10,130 | +12.5% |
| Deferred charges and accrued income | 490/1 | €5,303 | €5,500 | +€197 | +3.7% |
| Total equity and liabilities | 10/49 | €2,543,061 | €2,705,159 | +€162,098 | +6.4% |
| Equity | 10/15 | €1,069,496 | €1,061,363 | -€8,133 | -0.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €994,496 | €994,495 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €986,996 | €986,995 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,132 | -€8,132 | |
| Amounts payable | 17/49 | €1,473,565 | €1,643,796 | +€170,231 | +11.6% |
| Amounts payable after more than one year | 17 | €114,596 | €114,595 | -€1 | 0.0% |
| Financial debts | 170/4 | €114,596 | €114,595 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €1,319,658 | €1,477,588 | +€157,930 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €5,389 | - | -€5,389 | |
| Trade debts | 44 | €23,230 | €5,208 | -€18,022 | -77.6% |
| Suppliers | 440/4 | €23,230 | €5,208 | -€18,022 | -77.6% |
| Taxes, remuneration and social security | 45 | - | €2,000 | +€2,000 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,291,039 | €1,470,380 | +€179,341 | +13.9% |
| Accrued charges and deferred income | 492/3 | €39,311 | €51,613 | +€12,302 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469 | €553 | +€84 | +17.9% |
| Other operating charges | 640/8 | €4,620 | €8,902 | +€4,282 | +92.7% |
| Gross operating margin | 9900 | €73,717 | €44,551 | -€29,166 | -39.6% |
| Operating profit (loss) | 9901 | €68,628 | €35,096 | -€33,532 | -48.9% |
| Financial income | 75/76B | €3,983 | €2,605 | -€1,378 | -34.6% |
| Recurring financial income | 75 | €3,983 | €2,605 | -€1,378 | -34.6% |
| Financial charges | 65/66B | €43,281 | €52,473 | +€9,192 | +21.2% |
| Recurring financial charges | 65 | €43,281 | €52,473 | +€9,192 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €29,330 | -€14,772 | -€44,102 | |
| Income taxes | 67/77 | €7,232 | -€6,640 | -€13,872 | |
| Profit (loss) for the period | 9904 | €22,098 | -€8,132 | -€30,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,098 | -€8,132 | -€30,230 |
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 10 October 2026 via checked.be.