JADE: what changed
JADE
Largest movements
- Cash +€507,738
up €507,738 (+583%), from €87,104 to €594,843
mainly Tax, wage and social debts (+€412,253) and Net result for the year (+€287,106)
- Stocks and contracts -€94,492
down €94,492 (-4.2%), from €2.3m to €2.2m
- Receivables within one year +€93,316
up €93,316 (+7.7%), from €1.2m to €1.3m
of which Other amounts receivable: +€235,925
- Tangible fixed assets -€66,045
down €66,045 (-13.3%), from €497,711 to €431,667
of which Leasing and similar rights: -€51,664
- Tax, wage and social debts +€412,253
up €412,253 (+247%), from €166,988 to €579,241
of which Taxes: +€393,428
- Reserves +€287,106
up €287,106 (+73.5%), from €390,596 to €677,702
of which Distributable reserves: +€287,106
- Other debts -€251,857
down €251,857 (-68.6%), from €366,997 to €115,140
- Short-term financial debts -€217,455
down €217,455 (-35.1%), from €618,653 to €401,199
of which Credit institutions: -€190,602
- Trade debts +€206,215
up €206,215 (+17.6%), from €1.2m to €1.4m
- Gross operating margin +€512,908
up €512,908 (+57.4%), from €894,194 to €1.4m
- Staff costs +€193,064
up €193,064 (+33.9%), from €570,266 to €763,330
- Taxes +€89,781
up €89,781 (+384%), from €23,355 to €113,137
- Depreciation +€42,162
up €42,162 (+34.5%), from €122,325 to €164,487
- Financial charges -€24,787
down €24,787 (-29.1%), from €85,143 to €60,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,287,440 | €4,681,052 | +€393,612 | +9.2% |
| Fixed assets | 21/28 | €662,742 | €564,324 | -€98,418 | -14.9% |
| Intangible fixed assets | 21 | €163,030 | €130,657 | -€32,373 | -19.9% |
| Tangible fixed assets | 22/27 | €497,711 | €431,667 | -€66,045 | -13.3% |
| Plant, machinery and equipment | 23 | €66,628 | €59,459 | -€7,169 | -10.8% |
| Furniture and vehicles | 24 | €46,854 | €39,642 | -€7,212 | -15.4% |
| Leasing and similar rights | 25 | €384,230 | €332,566 | -€51,664 | -13.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €3,624,698 | €4,116,728 | +€492,030 | +13.6% |
| Stocks and contracts in progress | 3 | €2,263,197 | €2,168,705 | -€94,492 | -4.2% |
| Stocks | 30/36 | €2,263,197 | €2,168,705 | -€94,492 | -4.2% |
| Amounts receivable within one year | 40/41 | €1,210,716 | €1,304,032 | +€93,316 | +7.7% |
| Trade receivables | 40 | €1,073,341 | €930,732 | -€142,609 | -13.3% |
| Other amounts receivable | 41 | €137,375 | €373,300 | +€235,925 | +172% |
| Cash at bank and in hand | 54/58 | €87,104 | €594,843 | +€507,738 | +583% |
| Deferred charges and accrued income | 490/1 | €63,681 | €49,148 | -€14,533 | -22.8% |
| Total equity and liabilities | 10/49 | €4,287,440 | €4,681,052 | +€393,612 | +9.2% |
| Equity | 10/15 | €452,096 | €739,202 | +€287,106 | +63.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €390,596 | €677,702 | +€287,106 | +73.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,193 | €13,193 | = | 0.0% |
| Distributable reserves | 133 | €371,253 | €658,359 | +€287,106 | +77.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,835,344 | €3,941,850 | +€106,506 | +2.8% |
| Amounts payable after more than one year | 17 | €283,595 | €169,474 | -€114,121 | -40.2% |
| Financial debts | 170/4 | €282,495 | €168,374 | -€114,121 | -40.4% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,477,116 | €2,649,696 | +€172,581 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €153,164 | €176,588 | +€23,424 | +15.3% |
| Financial debts | 43 | €618,653 | €401,199 | -€217,455 | -35.1% |
| Credit institutions | 430/8 | €591,801 | €401,199 | -€190,602 | -32.2% |
| Other loans | 439 | €26,853 | €0 | -€26,853 | -100% |
| Trade debts | 44 | €1,170,228 | €1,376,442 | +€206,215 | +17.6% |
| Suppliers | 440/4 | €1,170,228 | €1,376,442 | +€206,215 | +17.6% |
| Advances received on contracts in progress | 46 | €1,086 | €1,086 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €166,988 | €579,241 | +€412,253 | +247% |
| Taxes | 450/3 | €80,597 | €474,025 | +€393,428 | +488% |
| Remuneration and social security | 454/9 | €86,391 | €105,216 | +€18,825 | +21.8% |
| Other amounts payable | 47/48 | €366,997 | €115,140 | -€251,857 | -68.6% |
| Accrued charges and deferred income | 492/3 | €1,074,634 | €1,122,680 | +€48,046 | +4.5% |
| Remuneration, social security and pensions | 62 | €570,266 | €763,330 | +€193,064 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,325 | €164,487 | +€42,162 | +34.5% |
| Other operating charges | 640/8 | €25,140 | €18,779 | -€6,361 | -25.3% |
| Gross operating margin | 9900 | €894,194 | €1,407,103 | +€512,908 | +57.4% |
| Operating profit (loss) | 9901 | €176,464 | €460,507 | +€284,043 | +161% |
| Financial income | 75/76B | €12,921 | €93 | -€12,829 | -99.3% |
| Recurring financial income | 75 | €2,306 | €93 | -€2,214 | -96.0% |
| Non-recurring financial income | 76B | €10,615 | €0 | -€10,615 | -100% |
| Financial charges | 65/66B | €85,143 | €60,357 | -€24,787 | -29.1% |
| Recurring financial charges | 65 | €85,143 | €60,357 | -€24,787 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €104,242 | €400,243 | +€296,001 | +284% |
| Income taxes | 67/77 | €23,355 | €113,137 | +€89,781 | +384% |
| Profit (loss) for the period | 9904 | €80,886 | €287,106 | +€206,220 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €80,886 | €287,106 | +€206,220 | +255% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.