JADECO: 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.
What changed
JADECO
NACE 70.100, Activities of head offices
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€314,336
2023 · -€6,450-€307,885
Equity
€4.5m
2023 · €4.8m-€314,336
Cash
€60,027
2023 · €10,412+€49,614
Balance sheet total
€5.5m
2023 · €6.1m-€668,429
Largest movements
Assets
- Receivables within one year -€509,731
down €509,731 (-42.8%), from €1.2m to €680,014
of which Trade receivables: -€577,759
- Financial fixed assets -€295,500
down €295,500 (-7.2%), from €4.1m to €3.8m
- Current investments +€126,000
new in 2024: €126,000
Equity and liabilities
- Other debts -€342,171
down €342,171 (-54.7%), from €625,516 to €283,345
- Reserves -€200,748
down €200,748 (-34.8%), from €576,192 to €375,444
of which Distributable reserves: -€167,108
- Profit (loss) carried forward -€113,588
new in 2024: -€113,588
Income statement
- Financial charges +€295,461
up €295,461 (+83766.5%), from €353 to €295,814
- Write-downs +€62,436
up €62,436, from -€62,436 to €0
- Other operating charges -€58,341
down €58,341 (-93.3%), from €62,536 to €4,195
- Gross operating margin -€17,987
down €17,987 (-20.3%), from €88,396 to €70,410
- Depreciation -€9,712
down €9,712 (-13.1%), from €74,030 to €64,319
From the 2023 result to the 2024 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.
Result 2023
-€6,450
Gross operating margin
-€17,987
Staff costs
-€1,202
Depreciation
+€9,712
Write-downs
-€62,436
Other operating charges
+€58,341
Financial income
-€5
Financial charges
-€295,461
Taxes
-€6
Deferred taxes and other
+€1,159
Result 2024
-€314,336
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€91,964
Investment
+€143,994
Financing
-€2,416
Cash 2023
€10,412
From operations (derived)
-€91,964
Net result for the year
-€314,336
Depreciation
+€64,319
Receivables within one year
+€509,731
Provisions
-€11,214
Trade debts
-€1,252
Tax, wage and social debts
+€2,958
Other debts
-€342,171
Investment (derived)
+€143,994
Investment in fixed assets (net)
+€269,994
Current investments
-€126,000
Financing
-€2,416
Short-term financial debts
-€2,416
Cash 2024
€60,027
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,120,768 | €5,452,338 | -€668,429 | -10.9% |
| Fixed assets | 21/28 | €4,920,611 | €4,586,298 | -€334,313 | -6.8% |
| Tangible fixed assets | 22/27 | €813,396 | €774,584 | -€38,813 | -4.8% |
| Land and buildings | 22 | €792,471 | €738,207 | -€54,264 | -6.8% |
| Furniture and vehicles | 24 | €20,926 | €36,377 | +€15,451 | +73.8% |
| Financial fixed assets | 28 | €4,107,215 | €3,811,715 | -€295,500 | -7.2% |
| Current assets | 29/58 | €1,200,157 | €866,040 | -€334,117 | -27.8% |
| Amounts receivable within one year | 40/41 | €1,189,745 | €680,014 | -€509,731 | -42.8% |
| Trade receivables | 40 | €907,710 | €329,952 | -€577,759 | -63.7% |
| Other amounts receivable | 41 | €282,034 | €350,062 | +€68,028 | +24.1% |
| Current investments | 50/53 | - | €126,000 | +€126,000 | |
| Cash at bank and in hand | 54/58 | €10,412 | €60,027 | +€49,614 | +476.5% |
| Total equity and liabilities | 10/49 | €6,120,768 | €5,452,338 | -€668,429 | -10.9% |
| Equity | 10/15 | €4,788,692 | €4,474,356 | -€314,336 | -6.6% |
| Contributions | 10/11 | €4,212,500 | €4,212,500 | = | 0.0% |
| Reserves | 13 | €576,192 | €375,444 | -€200,748 | -34.8% |
| Tax-exempt reserves | 132 | €409,084 | €375,444 | -€33,641 | -8.2% |
| Distributable reserves | 133 | €167,108 | €0 | -€167,108 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€113,588 | -€113,588 | |
| Provisions and deferred taxes | 16 | €251,361 | €240,148 | -€11,214 | -4.5% |
| Provisions for liabilities and charges | 160/5 | €115,000 | €115,000 | = | 0.0% |
| Environmental obligations | 163 | €115,000 | €115,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €136,361 | €125,148 | -€11,214 | -8.2% |
| Amounts payable | 17/49 | €1,080,714 | €737,834 | -€342,880 | -31.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,042,076 | €699,196 | -€342,880 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,092 | €2,676 | -€2,416 | -47.4% |
| Other loans | 439 | €5,092 | €2,676 | -€2,416 | -47.4% |
| Trade debts | 44 | €367,728 | €366,476 | -€1,252 | -0.3% |
| Suppliers | 440/4 | €367,728 | €366,476 | -€1,252 | -0.3% |
| Advances received on contracts in progress | 46 | €4,208 | €4,208 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,532 | €42,490 | +€2,958 | +7.5% |
| Taxes | 450/3 | €28,590 | €25,530 | -€3,060 | -10.7% |
| Remuneration and social security | 454/9 | €10,943 | €16,961 | +€6,018 | +55.0% |
| Other amounts payable | 47/48 | €625,516 | €283,345 | -€342,171 | -54.7% |
| Accrued charges and deferred income | 492/3 | €38,638 | €38,638 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,574 | +€2,574 | |
| Remuneration, social security and pensions | 62 | €24,344 | €25,546 | +€1,202 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,030 | €64,319 | -€9,712 | -13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€62,436 | €0 | +€62,436 | |
| Other operating charges | 640/8 | €62,536 | €4,195 | -€58,341 | -93.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,396 | €70,410 | -€17,987 | -20.3% |
| Operating profit (loss) | 9901 | -€10,077 | -€23,649 | -€13,572 | -134.7% |
| Financial income | 75/76B | €6 | €1 | -€5 | -90.3% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -90.3% |
| Financial charges | 65/66B | €353 | €295,814 | +€295,461 | +83766.5% |
| Recurring financial charges | 65 | €353 | €295,814 | +€295,461 | +83766.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,425 | -€319,463 | -€309,038 | -2964.5% |
| Transfer from deferred taxes | 780 | €10,054 | €11,214 | +€1,159 | +11.5% |
| Income taxes | 67/77 | €6,080 | €6,087 | +€6 | +0.1% |
| Profit (loss) for the period | 9904 | -€6,450 | -€314,336 | -€307,885 | -4773.2% |
| Transfer from tax-exempt reserves | 789 | €30,163 | €33,641 | +€3,477 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,713 | -€280,695 | -€304,408 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.