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
- Current investments -€240,000
down €240,000 (-100.0%), from €240,000 to €0
- Cash +€225,176
up €225,176 (+421.9%), from €53,374 to €278,550
mainly Current investments (+€240,000) and Net result for the year (+€72,279)
- Receivables within one year +€96,994
up €96,994 (+194.4%), from €49,883 to €146,878
of which Other amounts receivable: +€102,603
- Tangible fixed assets -€34,995
down €34,995 (-7.2%), from €483,255 to €448,261
of which Land and buildings: -€18,292
- Reserves +€72,279
up €72,279 (+9.8%), from €739,215 to €811,494
of which Distributable reserves: +€72,279
- Debts after one year -€20,616
down €20,616 (-49.3%), from €41,794 to €21,178
of which Financial debts: -€21,166
- Gross operating margin -€60,733
down €60,733 (-29.4%), from €206,683 to €145,951
- Taxes -€20,682
down €20,682 (-41.6%), from €49,665 to €28,983
- Depreciation +€9,142
up €9,142 (+26.1%), from €35,015 to €44,158
- Other operating charges -€3,759
down €3,759 (-64.5%), from €5,831 to €2,072
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 | €829,291 | €875,361 | +€46,071 | +5.6% |
| Fixed assets | 21/28 | €483,255 | €448,261 | -€34,995 | -7.2% |
| Tangible fixed assets | 22/27 | €483,255 | €448,261 | -€34,995 | -7.2% |
| Land and buildings | 22 | €424,096 | €405,804 | -€18,292 | -4.3% |
| Plant, machinery and equipment | 23 | €2,023 | €1,169 | -€854 | -42.2% |
| Furniture and vehicles | 24 | €57,136 | €41,288 | -€15,848 | -27.7% |
| Current assets | 29/58 | €346,035 | €427,100 | +€81,065 | +23.4% |
| Amounts receivable within one year | 40/41 | €49,883 | €146,878 | +€96,994 | +194.4% |
| Trade receivables | 40 | €35,626 | €30,017 | -€5,609 | -15.7% |
| Other amounts receivable | 41 | €14,257 | €116,861 | +€102,603 | +719.7% |
| Current investments | 50/53 | €240,000 | €0 | -€240,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,374 | €278,550 | +€225,176 | +421.9% |
| Deferred charges and accrued income | 490/1 | €2,778 | €1,673 | -€1,105 | -39.8% |
| Total equity and liabilities | 10/49 | €829,291 | €875,361 | +€46,071 | +5.6% |
| Equity | 10/15 | €749,215 | €821,494 | +€72,279 | +9.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €739,215 | €811,494 | +€72,279 | +9.8% |
| Tax-exempt reserves | 132 | €32,573 | €32,573 | = | 0.0% |
| Distributable reserves | 133 | €706,642 | €778,921 | +€72,279 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,075 | €53,867 | -€26,208 | -32.7% |
| Amounts payable after more than one year | 17 | €41,794 | €21,178 | -€20,616 | -49.3% |
| Financial debts | 170/4 | €40,869 | €19,703 | -€21,166 | -51.8% |
| Other amounts payable | 178/9 | €925 | €1,475 | +€550 | +59.5% |
| Amounts payable within one year | 42/48 | €38,281 | €32,689 | -€5,592 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €21,737 | €21,166 | -€571 | -2.6% |
| Trade debts | 44 | €219 | €0 | -€219 | -100.0% |
| Suppliers | 440/4 | €219 | €0 | -€219 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,847 | €11,523 | +€1,676 | +17.0% |
| Taxes | 450/3 | €9,847 | €11,523 | +€1,676 | +17.0% |
| Other amounts payable | 47/48 | €6,478 | €0 | -€6,478 | -100.0% |
| Remuneration, social security and pensions | 62 | €117 | €0 | -€117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,015 | €44,158 | +€9,142 | +26.1% |
| Other operating charges | 640/8 | €5,831 | €2,072 | -€3,759 | -64.5% |
| Gross operating margin | 9900 | €206,683 | €145,951 | -€60,733 | -29.4% |
| Operating profit (loss) | 9901 | €165,721 | €99,721 | -€66,000 | -39.8% |
| Financial income | 75/76B | €2,140 | €3,619 | +€1,479 | +69.1% |
| Recurring financial income | 75 | €2,140 | €3,619 | +€1,479 | +69.1% |
| Financial charges | 65/66B | €2,787 | €2,079 | -€708 | -25.4% |
| Recurring financial charges | 65 | €2,787 | €2,079 | -€708 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €165,074 | €101,261 | -€63,813 | -38.7% |
| Income taxes | 67/77 | €49,665 | €28,983 | -€20,682 | -41.6% |
| Profit (loss) for the period | 9904 | €115,410 | €72,279 | -€43,131 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,410 | €72,279 | -€43,131 | -37.4% |
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 11 October 2026 via checked.be.