JADE: what changed
Two fiscal 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
- Cash +€73,733
up €73,733 (+639.9%), from €11,523 to €85,256
mainly Stocks and contracts (+€64,726) and Depreciation (+€59,852)
- Stocks and contracts -€64,726
down €64,726 (-22.5%), from €288,286 to €223,560
- Tangible fixed assets -€38,783
down €38,783 (-5.2%), from €743,180 to €704,398
of which Land and buildings: -€39,000
- Intangible fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year +€17,191
up €17,191 (+25.7%), from €66,981 to €84,172
of which Other amounts receivable: +€22,042
- Other debts -€59,097
down €59,097 (-92.5%), from €63,906 to €4,809
- Reserves +€12,360
up €12,360 (+5.0%), from €245,595 to €257,955
- Gross operating margin -€57,919
down €57,919 (-29.2%), from €198,029 to €140,110
- Staff costs -€15,215
down €15,215 (-55.4%), from €27,471 to €12,256
- Taxes -€14,551
down €14,551 (-70.8%), from €20,563 to €6,012
- Financial charges +€10,316
up €10,316 (+31.1%), from €33,206 to €43,522
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 | €1,137,204 | €1,104,662 | -€32,543 | -2.9% |
| Fixed assets | 21/28 | €763,580 | €704,798 | -€58,783 | -7.7% |
| Intangible fixed assets | 21 | €20,000 | - | -€20,000 | |
| Tangible fixed assets | 22/27 | €743,180 | €704,398 | -€38,783 | -5.2% |
| Land and buildings | 22 | €741,895 | €702,896 | -€39,000 | -5.3% |
| Furniture and vehicles | 24 | €1,285 | €1,502 | +€217 | +16.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €373,624 | €399,864 | +€26,240 | +7.0% |
| Stocks and contracts in progress | 3 | €288,286 | €223,560 | -€64,726 | -22.5% |
| Stocks | 30/36 | €288,286 | €223,560 | -€64,726 | -22.5% |
| Amounts receivable within one year | 40/41 | €66,981 | €84,172 | +€17,191 | +25.7% |
| Trade receivables | 40 | €62,789 | €57,938 | -€4,851 | -7.7% |
| Other amounts receivable | 41 | €4,191 | €26,233 | +€22,042 | +525.9% |
| Cash at bank and in hand | 54/58 | €11,523 | €85,256 | +€73,733 | +639.9% |
| Deferred charges and accrued income | 490/1 | €6,835 | €6,876 | +€41 | +0.6% |
| Total equity and liabilities | 10/49 | €1,137,204 | €1,104,662 | -€32,543 | -2.9% |
| Equity | 10/15 | €264,195 | €276,555 | +€12,360 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,595 | €257,955 | +€12,360 | +5.0% |
| Distributable reserves | 133 | €245,595 | €257,955 | +€12,360 | +5.0% |
| Amounts payable | 17/49 | €873,009 | €828,106 | -€44,903 | -5.1% |
| Amounts payable after more than one year | 17 | €691,930 | €701,810 | +€9,879 | +1.4% |
| Financial debts | 170/4 | €691,930 | €701,810 | +€9,879 | +1.4% |
| Amounts payable within one year | 42/48 | €167,716 | €105,792 | -€61,924 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €39,610 | €40,321 | +€711 | +1.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €18,332 | €16,711 | -€1,621 | -8.8% |
| Suppliers | 440/4 | €18,332 | €16,711 | -€1,621 | -8.8% |
| Taxes, remuneration and social security | 45 | €20,868 | €18,951 | -€1,917 | -9.2% |
| Taxes | 450/3 | €13,969 | €18,521 | +€4,551 | +32.6% |
| Remuneration and social security | 454/9 | €6,899 | €431 | -€6,468 | -93.8% |
| Other amounts payable | 47/48 | €63,906 | €4,809 | -€59,097 | -92.5% |
| Accrued charges and deferred income | 492/3 | €13,363 | €20,505 | +€7,143 | +53.5% |
| Non-recurring operating income | 76A | €3,156 | - | -€3,156 | |
| Remuneration, social security and pensions | 62 | €27,471 | €12,256 | -€15,215 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,264 | €59,852 | +€588 | +1.0% |
| Other operating charges | 640/8 | €8,457 | €7,091 | -€1,366 | -16.2% |
| Gross operating margin | 9900 | €198,029 | €140,110 | -€57,919 | -29.2% |
| Operating profit (loss) | 9901 | €102,838 | €60,912 | -€41,926 | -40.8% |
| Financial income | 75/76B | €1,149 | €982 | -€167 | -14.5% |
| Recurring financial income | 75 | €1,149 | €982 | -€167 | -14.5% |
| Financial charges | 65/66B | €33,206 | €43,522 | +€10,316 | +31.1% |
| Recurring financial charges | 65 | €33,206 | €43,522 | +€10,316 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €70,781 | €18,371 | -€52,409 | -74.0% |
| Income taxes | 67/77 | €20,563 | €6,012 | -€14,551 | -70.8% |
| Profit (loss) for the period | 9904 | €50,218 | €12,360 | -€37,858 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,218 | €12,360 | -€37,858 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.