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
- Cash +€287,864
up €287,864 (+208.8%), from €137,834 to €425,698
mainly Other debts (+€245,521) and Depreciation (+€86,155)
- Tangible fixed assets -€75,114
down €75,114 (-11.4%), from €658,995 to €583,882
of which Land and buildings: -€82,634
- Receivables within one year -€33,228
down €33,228 (-72.9%), from €45,593 to €12,366
of which Other amounts receivable: -€27,460
- Deferred charges and accrued income +€13,450
up €13,450 (+124.2%), from €10,830 to €24,281
- Other debts +€245,521
up €245,521 (+284.8%), from €86,215 to €331,736
- Accrued charges and deferred income +€70,978
up €70,978, from €0 to €70,978
- Debts after one year -€64,998
down €64,998 (-18.9%), from €343,711 to €278,712
- Profit (loss) carried forward -€43,245
down €43,245 (-17.1%), from €252,977 to €209,731
- Trade debts -€11,329
down €11,329 (-40.9%), from €27,730 to €16,401
- Gross operating margin -€171,242
down €171,242 (-43.7%), from €391,546 to €220,304
- Other operating charges -€100,550
down €100,550 (-58.1%), from €172,933 to €72,383
- Taxes -€14,669
down €14,669 (-71.1%), from €20,640 to €5,972
- Financial charges -€4,453
down €4,453 (-9.1%), from €48,760 to €44,307
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 | €853,253 | €1,046,226 | +€192,973 | +22.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €658,995 | €583,882 | -€75,114 | -11.4% |
| Tangible fixed assets | 22/27 | €658,995 | €583,882 | -€75,114 | -11.4% |
| Land and buildings | 22 | €644,963 | €562,329 | -€82,634 | -12.8% |
| Plant, machinery and equipment | 23 | €3,920 | €4,910 | +€990 | +25.2% |
| Furniture and vehicles | 24 | €10,112 | €16,642 | +€6,530 | +64.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €194,257 | €462,344 | +€268,087 | +138.0% |
| Amounts receivable within one year | 40/41 | €45,593 | €12,366 | -€33,228 | -72.9% |
| Trade receivables | 40 | €14,134 | €8,366 | -€5,768 | -40.8% |
| Other amounts receivable | 41 | €31,460 | €4,000 | -€27,460 | -87.3% |
| Cash at bank and in hand | 54/58 | €137,834 | €425,698 | +€287,864 | +208.8% |
| Deferred charges and accrued income | 490/1 | €10,830 | €24,281 | +€13,450 | +124.2% |
| Total equity and liabilities | 10/49 | €853,253 | €1,046,226 | +€192,973 | +22.6% |
| Equity | 10/15 | €321,177 | €277,931 | -€43,245 | -13.5% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,977 | €209,731 | -€43,245 | -17.1% |
| Amounts payable | 17/49 | €532,076 | €768,295 | +€236,219 | +44.4% |
| Amounts payable after more than one year | 17 | €343,711 | €278,712 | -€64,998 | -18.9% |
| Financial debts | 170/4 | €343,711 | €278,712 | -€64,998 | -18.9% |
| Amounts payable within one year | 42/48 | €188,366 | €418,605 | +€230,239 | +122.2% |
| Current portion of amounts payable after more than one year | 42 | €63,766 | €64,998 | +€1,233 | +1.9% |
| Financial debts | 43 | €3,585 | €0 | -€3,585 | -100.0% |
| Credit institutions | 430/8 | €3,585 | €0 | -€3,585 | -100.0% |
| Trade debts | 44 | €27,730 | €16,401 | -€11,329 | -40.9% |
| Suppliers | 440/4 | €27,730 | €16,401 | -€11,329 | -40.9% |
| Advances received on contracts in progress | 46 | €5,469 | €5,469 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,600 | €0 | -€1,600 | -100.0% |
| Taxes | 450/3 | €1,600 | €0 | -€1,600 | -100.0% |
| Other amounts payable | 47/48 | €86,215 | €331,736 | +€245,521 | +284.8% |
| Accrued charges and deferred income | 492/3 | €0 | €70,978 | +€70,978 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,141 | €86,155 | +€1,015 | +1.2% |
| Other operating charges | 640/8 | €172,933 | €72,383 | -€100,550 | -58.1% |
| Gross operating margin | 9900 | €391,546 | €220,304 | -€171,242 | -43.7% |
| Operating profit (loss) | 9901 | €133,473 | €61,765 | -€71,707 | -53.7% |
| Financial income | 75/76B | €18 | €4 | -€14 | -78.5% |
| Recurring financial income | 75 | €18 | €4 | -€14 | -78.5% |
| Financial charges | 65/66B | €48,760 | €44,307 | -€4,453 | -9.1% |
| Recurring financial charges | 65 | €48,760 | €44,307 | -€4,453 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €84,731 | €17,462 | -€67,269 | -79.4% |
| Income taxes | 67/77 | €20,640 | €5,972 | -€14,669 | -71.1% |
| Profit (loss) for the period | 9904 | €64,090 | €11,490 | -€52,600 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,090 | €11,490 | -€52,600 | -82.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.