JADE GROUP: 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 GROUP
Largest movements
- Stocks and contracts +€201,371
up €201,371 (+31.8%), from €632,365 to €833,736
- Tangible fixed assets -€142,867
down €142,867 (-25.0%), from €571,073 to €428,206
- Receivables within one year +€50,522
up €50,522 (+313%), from €16,150 to €66,672
of which Other amounts receivable: +€66,672
- Reserves +€239,144
new in 2025: €239,144
- Debts after one year -€177,907
down €177,907 (-17.9%), from €996,667 to €818,760
of which Other amounts payable: -€139,665
- Provisions +€79,715
new in 2025: €79,715
- Profit (loss) carried forward -€62,434
down €62,434 (-22.1%), from -€281,954 to -€344,388
- Tax, wage and social debts +€19,070
new in 2025: €19,070
- Gross operating margin +€192,556
up €192,556 (+124%), from €154,671 to €347,227
- Financial charges +€48,848
up €48,848 (+292%), from €16,742 to €65,590
of which Non-recurring financial charges: +€25,000
- Write-downs -€17,200
no longer reported in 2025 (was €17,200)
- Financial income +€15,124
up €15,124 (+15,433%), from €98 to €15,222
of which Financial income: +€15,124
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 | €1,233,462 | €1,336,752 | +€103,290 | +8.4% |
| Fixed assets | 21/28 | €571,073 | €428,206 | -€142,867 | -25.0% |
| Tangible fixed assets | 22/27 | €571,073 | €428,206 | -€142,867 | -25.0% |
| Land and buildings | 22 | €571,073 | €428,206 | -€142,867 | -25.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €662,389 | €908,546 | +€246,157 | +37.2% |
| Stocks and contracts in progress | 3 | €632,365 | €833,736 | +€201,371 | +31.8% |
| Contracts in progress | 37 | €632,365 | €833,736 | +€201,371 | +31.8% |
| Amounts receivable within one year | 40/41 | €16,150 | €66,672 | +€50,522 | +313% |
| Trade receivables | 40 | €16,150 | - | -€16,150 | |
| Other amounts receivable | 41 | - | €66,672 | +€66,672 | |
| Cash at bank and in hand | 54/58 | €13,874 | €8,138 | -€5,736 | -41.3% |
| Total equity and liabilities | 10/49 | €1,233,462 | €1,336,752 | +€103,290 | +8.4% |
| Equity | 10/15 | €185,546 | €362,256 | +€176,710 | +95.2% |
| Contributions | 10/11 | €467,500 | €467,500 | = | 0.0% |
| Capital | 10 | €467,500 | €467,500 | = | 0.0% |
| Issued capital | 100 | €467,500 | €467,500 | = | 0.0% |
| Reserves | 13 | - | €239,144 | +€239,144 | |
| Tax-exempt reserves | 132 | - | €239,144 | +€239,144 | |
| Profit (loss) carried forward | 14 | -€281,954 | -€344,388 | -€62,434 | -22.1% |
| Provisions and deferred taxes | 16 | - | €79,715 | +€79,715 | |
| Deferred taxes | 168 | - | €79,715 | +€79,715 | |
| Amounts payable | 17/49 | €1,047,916 | €894,781 | -€153,135 | -14.6% |
| Amounts payable after more than one year | 17 | €996,667 | €818,760 | -€177,907 | -17.9% |
| Financial debts | 170/4 | €351,506 | €313,264 | -€38,242 | -10.9% |
| Other amounts payable | 178/9 | €645,161 | €505,496 | -€139,665 | -21.6% |
| Amounts payable within one year | 42/48 | €51,249 | €76,021 | +€24,772 | +48.3% |
| Financial debts | 43 | €38,366 | €38,366 | = | 0.0% |
| Credit institutions | 430/8 | €38,366 | €38,366 | = | 0.0% |
| Trade debts | 44 | €10,283 | €15,985 | +€5,702 | +55.5% |
| Suppliers | 440/4 | €10,283 | €15,985 | +€5,702 | +55.5% |
| Taxes, remuneration and social security | 45 | - | €19,070 | +€19,070 | |
| Taxes | 450/3 | - | €19,070 | +€19,070 | |
| Other amounts payable | 47/48 | €2,600 | €2,600 | = | 0.0% |
| Non-recurring operating income | 76A | €831 | €318,859 | +€318,028 | +38,271% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,602 | €26,832 | -€1,770 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,583 | €31,726 | -€857 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,200 | - | -€17,200 | |
| Other operating charges | 640/8 | €8,873 | €8,708 | -€165 | -1.9% |
| Gross operating margin | 9900 | €154,671 | €347,227 | +€192,556 | +124% |
| Operating profit (loss) | 9901 | €96,015 | €306,793 | +€210,778 | +220% |
| Financial income | 75/76B | €98 | €15,222 | +€15,124 | +15,433% |
| Recurring financial income | 75 | €98 | €15,222 | +€15,124 | +15,433% |
| Non-recurring financial income | 76B | €98 | €15,222 | +€15,124 | +15,433% |
| Financial charges | 65/66B | €16,742 | €65,590 | +€48,848 | +292% |
| Recurring financial charges | 65 | €16,742 | €40,590 | +€23,848 | +142% |
| Non-recurring financial charges | 66B | - | €25,000 | +€25,000 | |
| Profit (loss) for the period before taxes | 9903 | €79,371 | €256,425 | +€177,054 | +223% |
| Transfer to deferred taxes | 680 | - | €79,715 | +€79,715 | |
| Profit (loss) for the period | 9904 | €79,371 | €176,710 | +€97,339 | +123% |
| Transfer to tax-exempt reserves | 689 | - | €239,144 | +€239,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,371 | -€62,434 | -€141,805 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.