JADI: 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.
JADI
Largest movements
- Cash -€84,702
down €84,702 (-14.3%), from €592,009 to €507,307
mainly Contributions, distributions and other (-€150,000) and Stocks and contracts (-€82,719)
- Stocks and contracts +€82,719
up €82,719 (+16.5%), from €501,272 to €583,991
- Receivables within one year +€53,833
up €53,833 (+17.7%), from €304,306 to €358,138
of which Other amounts receivable: +€27,000
- Tangible fixed assets -€26,461
down €26,461 (-10.8%), from €244,259 to €217,798
- Advances received +€81,137
up €81,137 (+37.1%), from €218,888 to €300,025
- Trade debts -€58,383
down €58,383 (-18.2%), from €321,363 to €262,979
- Profit (loss) carried forward +€38,318
up €38,318 (+5.1%), from €750,675 to €788,993
- Tax, wage and social debts -€25,180
down €25,180 (-20.2%), from €124,913 to €99,733
of which Taxes: -€42,825
- Staff costs +€70,018
up €70,018 (+17.9%), from €392,018 to €462,037
- Gross operating margin -€51,412
down €51,412 (-6.7%), from €770,755 to €719,343
- Taxes -€42,267
down €42,267 (-36.5%), from €115,818 to €73,551
- Financial income -€10,641
down €10,641 (-12.9%), from €82,490 to €71,849
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 | €1,676,657 | €1,694,407 | +€17,749 | +1.1% |
| Fixed assets | 21/28 | €263,174 | €231,420 | -€31,753 | -12.1% |
| Intangible fixed assets | 21 | €15,876 | €10,584 | -€5,292 | -33.3% |
| Tangible fixed assets | 22/27 | €244,259 | €217,798 | -€26,461 | -10.8% |
| Land and buildings | 22 | €213,298 | €202,341 | -€10,957 | -5.1% |
| Plant, machinery and equipment | 23 | €6,899 | €4,415 | -€2,484 | -36.0% |
| Furniture and vehicles | 24 | €23,112 | €11,042 | -€12,070 | -52.2% |
| Other tangible fixed assets | 26 | €950 | - | -€950 | |
| Financial fixed assets | 28 | €3,038 | €3,038 | = | 0.0% |
| Current assets | 29/58 | €1,413,484 | €1,462,986 | +€49,503 | +3.5% |
| Stocks and contracts in progress | 3 | €501,272 | €583,991 | +€82,719 | +16.5% |
| Stocks | 30/36 | €501,272 | €583,991 | +€82,719 | +16.5% |
| Amounts receivable within one year | 40/41 | €304,306 | €358,138 | +€53,833 | +17.7% |
| Trade receivables | 40 | €304,306 | €331,138 | +€26,833 | +8.8% |
| Other amounts receivable | 41 | - | €27,000 | +€27,000 | |
| Cash at bank and in hand | 54/58 | €592,009 | €507,307 | -€84,702 | -14.3% |
| Deferred charges and accrued income | 490/1 | €15,897 | €13,550 | -€2,347 | -14.8% |
| Total equity and liabilities | 10/49 | €1,676,657 | €1,694,407 | +€17,749 | +1.1% |
| Equity | 10/15 | €771,158 | €809,476 | +€38,318 | +5.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,934 | €1,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,934 | - | -€1,934 | |
| Reserves not available under the articles | 1311 | €1,934 | - | -€1,934 | |
| Distributable reserves | 133 | - | €1,934 | +€1,934 | |
| Profit (loss) carried forward | 14 | €750,675 | €788,993 | +€38,318 | +5.1% |
| Amounts payable | 17/49 | €905,499 | €884,930 | -€20,569 | -2.3% |
| Amounts payable after more than one year | 17 | €21,693 | €7,838 | -€13,856 | -63.9% |
| Financial debts | 170/4 | €21,693 | €7,838 | -€13,856 | -63.9% |
| Amounts payable within one year | 42/48 | €883,806 | €877,093 | -€6,713 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €68,642 | €64,355 | -€4,287 | -6.2% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €321,363 | €262,979 | -€58,383 | -18.2% |
| Suppliers | 440/4 | €321,363 | €262,979 | -€58,383 | -18.2% |
| Advances received on contracts in progress | 46 | €218,888 | €300,025 | +€81,137 | +37.1% |
| Taxes, remuneration and social security | 45 | €124,913 | €99,733 | -€25,180 | -20.2% |
| Taxes | 450/3 | €86,535 | €43,710 | -€42,825 | -49.5% |
| Remuneration and social security | 454/9 | €38,377 | €56,022 | +€17,645 | +46.0% |
| Non-recurring operating income | 76A | €0 | €39,074 | +€39,074 | +130,246,100% |
| Remuneration, social security and pensions | 62 | €392,018 | €462,037 | +€70,018 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,639 | €33,895 | -€3,744 | -9.9% |
| Other operating charges | 640/8 | €6,505 | €6,690 | +€185 | +2.8% |
| Non-recurring operating charges | 66A | €1 | €4,297 | +€4,296 | +322,971% |
| Gross operating margin | 9900 | €770,755 | €719,343 | -€51,412 | -6.7% |
| Operating profit (loss) | 9901 | €334,591 | €212,424 | -€122,167 | -36.5% |
| Financial income | 75/76B | €82,490 | €71,849 | -€10,641 | -12.9% |
| Recurring financial income | 75 | €82,490 | €71,849 | -€10,641 | -12.9% |
| Financial charges | 65/66B | €20,516 | €22,404 | +€1,889 | +9.2% |
| Recurring financial charges | 65 | €20,516 | €22,404 | +€1,889 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €396,566 | €261,869 | -€134,697 | -34.0% |
| Income taxes | 67/77 | €115,818 | €73,551 | -€42,267 | -36.5% |
| Profit (loss) for the period | 9904 | €280,748 | €188,318 | -€92,430 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €280,748 | €188,318 | -€92,430 | -32.9% |
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 13 October 2026 via checked.be.