JADE: 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.
JADE
Largest movements
- Receivables within one year +€281,340
up €281,340 (+483%), from €58,250 to €339,590
- Financial fixed assets +€165,628
up €165,628 (+21.1%), from €784,904 to €950,532
- Cash -€158,642
down €158,642 (-67.3%), from €235,602 to €76,961
mainly Receivables within one year (-€281,340) and Investment in fixed assets (net) (-€165,628)
- Other debts +€359,971
up €359,971 (+11.0%), from €3.3m to €3.6m
- Profit (loss) carried forward -€71,025
down €71,025 (-3.1%), from -€2.3m to -€2.4m
- Financial income -€14,453
down €14,453 (-34.9%), from €41,397 to €26,944
- Financial charges +€2,888
up €2,888 (+3.1%), from €94,126 to €97,014
- Gross operating margin +€2,363
up €2,363 (+97.3%), from -€2,429 to -€66
- Purchases and services -€2,363
down €2,363 (-97.3%), from €2,429 to €66
- Other operating charges -€78
down €78 (-8.1%), from €968 to €889
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 | €1,078,756 | €1,367,082 | +€288,326 | +26.7% |
| Fixed assets | 21/28 | €784,904 | €950,532 | +€165,628 | +21.1% |
| Financial fixed assets | 28 | €784,904 | €950,532 | +€165,628 | +21.1% |
| Current assets | 29/58 | €293,852 | €416,550 | +€122,698 | +41.8% |
| Amounts receivable within one year | 40/41 | €58,250 | €339,590 | +€281,340 | +483% |
| Other amounts receivable | 41 | €58,250 | €339,590 | +€281,340 | +483% |
| Cash at bank and in hand | 54/58 | €235,602 | €76,961 | -€158,642 | -67.3% |
| Total equity and liabilities | 10/49 | €1,078,756 | €1,367,082 | +€288,326 | +26.7% |
| Equity | 10/15 | -€2,202,388 | -€2,273,413 | -€71,025 | -3.2% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,289,151 | -€2,360,176 | -€71,025 | -3.1% |
| Amounts payable | 17/49 | €3,281,144 | €3,640,495 | +€359,351 | +11.0% |
| Amounts payable within one year | 42/48 | €3,280,024 | €3,639,995 | +€359,971 | +11.0% |
| Other amounts payable | 47/48 | €3,280,024 | €3,639,995 | +€359,971 | +11.0% |
| Accrued charges and deferred income | 492/3 | €1,120 | €500 | -€620 | -55.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,429 | €66 | -€2,363 | -97.3% |
| Other operating charges | 640/8 | €968 | €889 | -€78 | -8.1% |
| Gross operating margin | 9900 | -€2,429 | -€66 | +€2,363 | +97.3% |
| Operating profit (loss) | 9901 | -€3,396 | -€955 | +€2,441 | +71.9% |
| Financial income | 75/76B | €41,397 | €26,944 | -€14,453 | -34.9% |
| Recurring financial income | 75 | €41,397 | €26,944 | -€14,453 | -34.9% |
| Financial charges | 65/66B | €94,126 | €97,014 | +€2,888 | +3.1% |
| Recurring financial charges | 65 | €94,126 | €97,014 | +€2,888 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,125 | -€71,025 | -€14,900 | -26.5% |
| Profit (loss) for the period | 9904 | -€56,125 | -€71,025 | -€14,900 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,125 | -€71,025 | -€14,900 | -26.5% |
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.