JADEAU: 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.
JADEAU
Largest movements
- Tangible fixed assets -€19,157
down €19,157 (-7.0%), from €275,537 to €256,380
of which Other tangible fixed assets: -€10,567
- Cash -€4,202
down €4,202 (-48.5%), from €8,669 to €4,468
mainly Debts after one year (-€15,672) and Other debts (-€8,868)
- Debts after one year -€15,672
down €15,672 (-22.6%), from €69,276 to €53,604
- Other debts -€8,868
down €8,868 (-4.0%), from €220,057 to €211,189
- Profit (loss) carried forward +€3,062
up €3,062 (+2.5%), from -€120,165 to -€117,103
- Staff costs -€22,487
down €22,487 (-100%), from €22,487 to €0
- Gross operating margin -€19,295
down €19,295 (-43.9%), from €43,936 to €24,641
- Depreciation -€2,349
down €2,349 (-10.6%), from €22,170 to €19,821
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 | €289,502 | €265,964 | -€23,538 | -8.1% |
| Fixed assets | 21/28 | €275,853 | €256,505 | -€19,348 | -7.0% |
| Intangible fixed assets | 21 | €317 | €126 | -€191 | -60.3% |
| Tangible fixed assets | 22/27 | €275,537 | €256,380 | -€19,157 | -7.0% |
| Plant, machinery and equipment | 23 | €43,899 | €36,902 | -€6,997 | -15.9% |
| Furniture and vehicles | 24 | €10,193 | €8,600 | -€1,593 | -15.6% |
| Other tangible fixed assets | 26 | €221,445 | €210,878 | -€10,567 | -4.8% |
| Current assets | 29/58 | €13,649 | €9,459 | -€4,190 | -30.7% |
| Stocks and contracts in progress | 3 | €4,979 | €4,858 | -€121 | -2.4% |
| Stocks | 30/36 | €4,979 | €4,858 | -€121 | -2.4% |
| Cash at bank and in hand | 54/58 | €8,669 | €4,468 | -€4,202 | -48.5% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €289,502 | €265,964 | -€23,538 | -8.1% |
| Equity | 10/15 | -€20,165 | -€17,103 | +€3,062 | +15.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,165 | -€117,103 | +€3,062 | +2.5% |
| Amounts payable | 17/49 | €309,667 | €283,067 | -€26,599 | -8.6% |
| Amounts payable after more than one year | 17 | €69,276 | €53,604 | -€15,672 | -22.6% |
| Financial debts | 170/4 | €69,276 | €53,604 | -€15,672 | -22.6% |
| Amounts payable within one year | 42/48 | €240,391 | €229,463 | -€10,928 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €15,487 | €15,672 | +€185 | +1.2% |
| Trade debts | 44 | €1,038 | €379 | -€659 | -63.5% |
| Suppliers | 440/4 | €1,038 | €379 | -€659 | -63.5% |
| Taxes, remuneration and social security | 45 | €3,809 | €2,223 | -€1,586 | -41.6% |
| Taxes | 450/3 | €2,602 | €2,223 | -€379 | -14.6% |
| Remuneration and social security | 454/9 | €1,206 | - | -€1,206 | |
| Other amounts payable | 47/48 | €220,057 | €211,189 | -€8,868 | -4.0% |
| Remuneration, social security and pensions | 62 | €22,487 | €0 | -€22,487 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,170 | €19,821 | -€2,349 | -10.6% |
| Other operating charges | 640/8 | €232 | €238 | +€6 | +2.6% |
| Gross operating margin | 9900 | €43,936 | €24,641 | -€19,295 | -43.9% |
| Operating profit (loss) | 9901 | -€953 | €4,582 | +€5,535 | |
| Financial income | 75/76B | €15 | €39 | +€24 | +153% |
| Recurring financial income | 75 | €15 | €39 | +€24 | +153% |
| Non-recurring financial income | 76B | €15 | €39 | +€24 | +153% |
| Financial charges | 65/66B | €1,758 | €1,559 | -€199 | -11.3% |
| Recurring financial charges | 65 | €1,758 | €1,559 | -€199 | -11.3% |
| Non-recurring financial charges | 66B | €1,758 | €1,559 | -€199 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,696 | €3,062 | +€5,758 | |
| Profit (loss) for the period | 9904 | -€2,696 | €3,062 | +€5,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,696 | €3,062 | +€5,758 |
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 15 October 2026 via checked.be.