JADHER: 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.
JADHER
Largest movements
- Cash +€38,683
up €38,683 (+12.1%), from €318,608 to €357,291
mainly Net result for the year (+€71,812) and Depreciation (+€24,235)
- Receivables within one year +€23,497
up €23,497 (+1823.4%), from €1,289 to €24,786
- Tangible fixed assets -€20,260
down €20,260 (-4.2%), from €478,230 to €457,970
of which Land and buildings: -€13,138
- Reserves +€70,000
up €70,000 (+21.7%), from €322,500 to €392,500
of which Distributable reserves: +€70,000
- Current portion of long-term debt -€28,364
down €28,364 (-65.7%), from €43,142 to €14,778
- Debts after one year -€14,778
no longer reported in 2025 (was €14,778)
- Gross operating margin +€5,709
up €5,709 (+3.2%), from €176,036 to €181,746
- Other operating charges +€2,816
up €2,816 (+69.9%), from €4,031 to €6,847
- Financial charges -€2,452
down €2,452 (-18.0%), from €13,588 to €11,136
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 | €800,417 | €842,473 | +€42,056 | +5.3% |
| Fixed assets | 21/28 | €479,483 | €459,222 | -€20,260 | -4.2% |
| Tangible fixed assets | 22/27 | €478,230 | €457,970 | -€20,260 | -4.2% |
| Land and buildings | 22 | €434,124 | €420,986 | -€13,138 | -3.0% |
| Furniture and vehicles | 24 | €44,106 | €36,983 | -€7,123 | -16.1% |
| Financial fixed assets | 28 | €1,252 | €1,252 | = | 0.0% |
| Current assets | 29/58 | €320,934 | €383,251 | +€62,317 | +19.4% |
| Amounts receivable within one year | 40/41 | €1,289 | €24,786 | +€23,497 | +1823.4% |
| Trade receivables | 40 | €1,289 | €24,786 | +€23,497 | +1823.4% |
| Cash at bank and in hand | 54/58 | €318,608 | €357,291 | +€38,683 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,174 | +€136 | +13.1% |
| Total equity and liabilities | 10/49 | €800,417 | €842,473 | +€42,056 | +5.3% |
| Equity | 10/15 | €575,164 | €646,976 | +€71,812 | +12.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €322,500 | €392,500 | +€70,000 | +21.7% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €310,000 | €380,000 | +€70,000 | +22.6% |
| Profit (loss) carried forward | 14 | €127,664 | €129,476 | +€1,812 | +1.4% |
| Amounts payable | 17/49 | €225,253 | €195,497 | -€29,756 | -13.2% |
| Amounts payable after more than one year | 17 | €14,778 | - | -€14,778 | |
| Financial debts | 170/4 | €14,778 | - | -€14,778 | |
| Amounts payable within one year | 42/48 | €210,475 | €195,486 | -€14,989 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €43,142 | €14,778 | -€28,364 | -65.7% |
| Trade debts | 44 | €2,580 | €2,415 | -€165 | -6.4% |
| Suppliers | 440/4 | €2,580 | €2,415 | -€165 | -6.4% |
| Taxes, remuneration and social security | 45 | €30,592 | €36,752 | +€6,161 | +20.1% |
| Taxes | 450/3 | €23,674 | €24,717 | +€1,043 | +4.4% |
| Remuneration and social security | 454/9 | €6,917 | €12,035 | +€5,118 | +74.0% |
| Other amounts payable | 47/48 | €134,161 | €141,541 | +€7,380 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €31,315 | €32,547 | +€1,232 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,373 | €24,235 | +€862 | +3.7% |
| Other operating charges | 640/8 | €4,031 | €6,847 | +€2,816 | +69.9% |
| Gross operating margin | 9900 | €176,036 | €181,746 | +€5,709 | +3.2% |
| Operating profit (loss) | 9901 | €117,317 | €118,116 | +€799 | +0.7% |
| Financial income | 75/76B | €212 | €1 | -€210 | -99.3% |
| Recurring financial income | 75 | €212 | €1 | -€210 | -99.3% |
| Financial charges | 65/66B | €13,588 | €11,136 | -€2,452 | -18.0% |
| Recurring financial charges | 65 | €13,588 | €11,136 | -€2,452 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €103,941 | €106,982 | +€3,041 | +2.9% |
| Income taxes | 67/77 | €33,504 | €35,170 | +€1,666 | +5.0% |
| Profit (loss) for the period | 9904 | €70,437 | €71,812 | +€1,375 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,437 | €71,812 | +€1,375 | +2.0% |
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 9 October 2026 via checked.be.