JADI: 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.
JADI
Largest movements
- Receivables within one year +€501,658
up €501,658 (+189.2%), from €265,202 to €766,860
of which Other amounts receivable: +€499,923
- Tangible fixed assets -€29,414
down €29,414 (-47.5%), from €61,973 to €32,558
- Reserves +€833,279
up €833,279 (+136.3%), from €611,418 to €1.4m
of which Distributable reserves: +€833,279
- Other debts -€352,593
down €352,593 (-41.8%), from €843,471 to €490,878
- Gross operating margin -€1,298
down €1,298 (-1.5%), from €87,818 to €86,520
- Depreciation +€1,126
up €1,126 (+3.0%), from €37,546 to €38,672
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 | €1,879,962 | €2,361,077 | +€481,115 | +25.6% |
| Fixed assets | 21/28 | €1,524,598 | €1,495,184 | -€29,414 | -1.9% |
| Tangible fixed assets | 22/27 | €61,973 | €32,558 | -€29,414 | -47.5% |
| Furniture and vehicles | 24 | €61,973 | €32,558 | -€29,414 | -47.5% |
| Financial fixed assets | 28 | €1,462,626 | €1,462,626 | = | 0.0% |
| Current assets | 29/58 | €355,364 | €865,893 | +€510,529 | +143.7% |
| Stocks and contracts in progress | 3 | - | €6,458 | +€6,458 | |
| Stocks | 30/36 | - | €6,458 | +€6,458 | |
| Amounts receivable within one year | 40/41 | €265,202 | €766,860 | +€501,658 | +189.2% |
| Trade receivables | 40 | €15,125 | €16,860 | +€1,735 | +11.5% |
| Other amounts receivable | 41 | €250,077 | €750,000 | +€499,923 | +199.9% |
| Cash at bank and in hand | 54/58 | €89,683 | €91,919 | +€2,236 | +2.5% |
| Deferred charges and accrued income | 490/1 | €478 | €655 | +€177 | +37.0% |
| Total equity and liabilities | 10/49 | €1,879,962 | €2,361,077 | +€481,115 | +25.6% |
| Equity | 10/15 | €1,024,903 | €1,858,182 | +€833,279 | +81.3% |
| 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% |
| Reserves | 13 | €611,418 | €1,444,698 | +€833,279 | +136.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €605,218 | €1,438,498 | +€833,279 | +137.7% |
| Profit (loss) carried forward | 14 | €351,485 | €351,485 | = | 0.0% |
| Amounts payable | 17/49 | €855,059 | €502,894 | -€352,164 | -41.2% |
| Amounts payable within one year | 42/48 | €854,266 | €502,069 | -€352,197 | -41.2% |
| Trade debts | 44 | €1,859 | €3,386 | +€1,526 | +82.1% |
| Suppliers | 440/4 | €1,859 | €3,386 | +€1,526 | +82.1% |
| Taxes, remuneration and social security | 45 | €8,935 | €7,805 | -€1,130 | -12.6% |
| Taxes | 450/3 | €8,935 | €7,805 | -€1,130 | -12.6% |
| Other amounts payable | 47/48 | €843,471 | €490,878 | -€352,593 | -41.8% |
| Accrued charges and deferred income | 492/3 | €793 | €825 | +€32 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,546 | €38,672 | +€1,126 | +3.0% |
| Other operating charges | 640/8 | €1,797 | €1,871 | +€75 | +4.2% |
| Non-recurring operating charges | 66A | - | €87 | +€87 | |
| Gross operating margin | 9900 | €87,818 | €86,520 | -€1,298 | -1.5% |
| Operating profit (loss) | 9901 | €48,476 | €45,890 | -€2,586 | -5.3% |
| Financial income | 75/76B | €799,920 | €799,920 | = | 0.0% |
| Recurring financial income | 75 | €799,920 | €799,920 | = | 0.0% |
| Financial charges | 65/66B | €111 | €131 | +€20 | +18.2% |
| Recurring financial charges | 65 | €111 | €131 | +€20 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €848,285 | €845,679 | -€2,606 | -0.3% |
| Income taxes | 67/77 | €12,933 | €12,400 | -€533 | -4.1% |
| Profit (loss) for the period | 9904 | €835,352 | €833,279 | -€2,073 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €835,352 | €833,279 | -€2,073 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.