JADEX: 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.
JADEX
Largest movements
- Tangible fixed assets +€347,498
up €347,498 (+215.0%), from €161,631 to €509,129
of which Land and buildings: +€348,656
- Revaluation surpluses +€356,818
new in 2025: €356,818
- Reserves +€8,182
new in 2025: €8,182
- Profit (loss) carried forward -€7,184
down €7,184 (-3.7%), from -€192,414 to -€199,598
- Debts after one year -€6,830
down €6,830 (-1.9%), from €362,915 to €356,085
- Depreciation +€8,181
up €8,181 (+87.8%), from €9,321 to €17,502
- Gross operating margin +€3,651
up €3,651 (+17.9%), from €20,365 to €24,016
- Financial charges -€342
down €342 (-2.8%), from €12,118 to €11,776
- Other operating charges -€329
down €329 (-14.6%), from €2,251 to €1,922
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 | €276,338 | €629,546 | +€353,208 | +127.8% |
| Fixed assets | 21/28 | €161,631 | €509,129 | +€347,498 | +215.0% |
| Tangible fixed assets | 22/27 | €161,631 | €509,129 | +€347,498 | +215.0% |
| Land and buildings | 22 | €152,676 | €501,332 | +€348,656 | +228.4% |
| Furniture and vehicles | 24 | €1,178 | €884 | -€294 | -25.0% |
| Other tangible fixed assets | 26 | €7,777 | €6,913 | -€864 | -11.1% |
| Current assets | 29/58 | €114,707 | €120,417 | +€5,710 | +5.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,186 | €16,419 | +€6,233 | +61.2% |
| Other amounts receivable | 41 | €10,186 | €16,419 | +€6,233 | +61.2% |
| Cash at bank and in hand | 54/58 | €4,521 | €3,998 | -€523 | -11.6% |
| Total equity and liabilities | 10/49 | €276,338 | €629,546 | +€353,208 | +127.8% |
| Equity | 10/15 | -€130,414 | €227,402 | +€357,816 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €356,818 | +€356,818 | |
| Reserves | 13 | - | €8,182 | +€8,182 | |
| Distributable reserves | 133 | - | €8,182 | +€8,182 | |
| Profit (loss) carried forward | 14 | -€192,414 | -€199,598 | -€7,184 | -3.7% |
| Amounts payable | 17/49 | €406,752 | €402,144 | -€4,608 | -1.1% |
| Amounts payable after more than one year | 17 | €362,915 | €356,085 | -€6,830 | -1.9% |
| Financial debts | 170/4 | €362,915 | €356,085 | -€6,830 | -1.9% |
| Amounts payable within one year | 42/48 | €43,837 | €46,059 | +€2,222 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,527 | €6,830 | +€2,303 | +50.9% |
| Trade debts | 44 | €82 | - | -€82 | |
| Suppliers | 440/4 | €82 | - | -€82 | |
| Other amounts payable | 47/48 | €39,228 | €39,229 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,321 | €17,502 | +€8,181 | +87.8% |
| Other operating charges | 640/8 | €2,251 | €1,922 | -€329 | -14.6% |
| Gross operating margin | 9900 | €20,365 | €24,016 | +€3,651 | +17.9% |
| Operating profit (loss) | 9901 | €8,793 | €4,592 | -€4,201 | -47.8% |
| Financial charges | 65/66B | €12,118 | €11,776 | -€342 | -2.8% |
| Recurring financial charges | 65 | €12,118 | €11,776 | -€342 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,325 | -€7,184 | -€3,859 | -116.1% |
| Profit (loss) for the period | 9904 | -€3,325 | -€7,184 | -€3,859 | -116.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,325 | -€7,184 | -€3,859 | -116.1% |
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 11 October 2026 via checked.be.