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
- Cash -€1,943
down €1,943 (-6.2%), from €31,153 to €29,211
mainly Net result for the year (-€2,148) and Receivables within one year (-€475)
- Receivables within one year +€475
up €475 (+108%), from €439 to €914
of which Trade receivables: +€288
- Profit (loss) carried forward -€2,148
down €2,148 (-43.2%), from -€4,974 to -€7,121
- Gross operating margin +€583
up €583 (+24.2%), from -€2,411 to -€1,828
- Other operating charges -€316
down €316 (-83.6%), from €378 to €62
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 | €32,557 | €30,697 | -€1,860 | -5.7% |
| Fixed assets | 21/28 | €760 | €573 | -€187 | -24.6% |
| Tangible fixed assets | 22/27 | €745 | €558 | -€187 | -25.1% |
| Plant, machinery and equipment | 23 | €745 | €558 | -€187 | -25.1% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €31,797 | €30,124 | -€1,673 | -5.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €439 | €914 | +€475 | +108% |
| Trade receivables | 40 | - | €288 | +€288 | |
| Other amounts receivable | 41 | €439 | €626 | +€188 | +42.8% |
| Cash at bank and in hand | 54/58 | €31,153 | €29,211 | -€1,943 | -6.2% |
| Deferred charges and accrued income | 490/1 | €206 | €0 | -€206 | -100% |
| Total equity and liabilities | 10/49 | €32,557 | €30,697 | -€1,860 | -5.7% |
| Equity | 10/15 | €11,894 | €9,747 | -€2,148 | -18.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,868 | €10,868 | = | 0.0% |
| Distributable reserves | 133 | €10,868 | €10,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,974 | -€7,121 | -€2,148 | -43.2% |
| Amounts payable | 17/49 | €20,663 | €20,950 | +€287 | +1.4% |
| Amounts payable within one year | 42/48 | €20,663 | €20,950 | +€287 | +1.4% |
| Trade debts | 44 | €57 | €104 | +€47 | +82.4% |
| Suppliers | 440/4 | €57 | €104 | +€47 | +82.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,606 | €20,846 | +€240 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €187 | = | 0.0% |
| Other operating charges | 640/8 | €378 | €62 | -€316 | -83.6% |
| Gross operating margin | 9900 | -€2,411 | -€1,828 | +€583 | +24.2% |
| Operating profit (loss) | 9901 | -€2,976 | -€2,077 | +€899 | +30.2% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,045 | -€2,148 | +€898 | +29.5% |
| Profit (loss) for the period | 9904 | -€3,045 | -€2,148 | +€898 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,045 | -€2,148 | +€898 | +29.5% |
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 17 October 2026 via checked.be.