JADIR: 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.
What changed
JADIR
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€190,395
2024 · -€3,155+€193,550
Equity
€3.8m
2024 · €2.2m+€1.6m
Cash
€262,596
2024 · €235,382+€27,214
Balance sheet total
€4.8m
2024 · €3.5m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+45.4%), from €3.0m to €4.4m
of which Land and buildings: +€1.4m
- Current investments -€94,145
down €94,145 (-43.0%), from €219,145 to €125,000
Equity and liabilities
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Other debts -€200,290
down €200,290 (-56.0%), from €357,716 to €157,426
- Reserves +€190,395
up €190,395 (+8.9%), from €2.1m to €2.3m
of which Distributable reserves: +€109,994
- Debts after one year -€80,109
down €80,109 (-20.5%), from €390,064 to €309,955
of which Financial debts: -€76,624
Income statement
- Gross operating margin +€260,349
up €260,349 (+95.2%), from €273,459 to €533,808
- Taxes +€21,003
up €21,003 (+67.2%), from €31,256 to €52,259
- Depreciation +€16,233
up €16,233 (+9.6%), from €169,799 to €186,032
- Other operating charges +€15,721
up €15,721 (+54.3%), from €28,970 to €44,691
- Staff costs -€12,899
down €12,899 (-28.7%), from €44,916 to €32,017
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.
Result 2024
-€3,155
Gross operating margin
+€260,349
Staff costs
+€12,899
Depreciation
-€16,233
Other operating charges
-€15,721
Financial income
+€10,490
Financial charges
+€11,991
Taxes
-€21,003
Deferred taxes and other
-€49,222
Result 2025
€190,395
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.
From operations
+€192,127
Investment
-€1.5m
Financing
+€1.3m
Cash 2024
€235,382
From operations (derived)
+€192,127
Net result for the year
+€190,395
Depreciation
+€186,032
Receivables within one year
+€83
Deferred charges and accrued income
-€7,244
Provisions
+€26,800
Trade debts
-€12,242
Tax, wage and social debts
-€6,296
Other debts
-€200,290
Accrued charges and deferred income
+€14,890
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.6m
Current investments
+€94,145
Financing
+€1.3m
Debts after one year
-€80,109
Current portion of long-term debt
+€613
Contributions, distributions and other
+€1.4m
Cash 2025
€262,596
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,493,399 | €4,804,161 | +€1.3m | +37.5% |
| Fixed assets | 21/28 | €3,016,638 | €4,387,170 | +€1.4m | +45.4% |
| Tangible fixed assets | 22/27 | €3,016,516 | €4,387,047 | +€1.4m | +45.4% |
| Land and buildings | 22 | €3,016,516 | €4,375,245 | +€1.4m | +45.0% |
| Furniture and vehicles | 24 | - | €11,803 | +€11,803 | |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €476,761 | €416,991 | -€59,770 | -12.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83 | - | -€83 | |
| Other amounts receivable | 41 | €83 | - | -€83 | |
| Current investments | 50/53 | €219,145 | €125,000 | -€94,145 | -43.0% |
| Cash at bank and in hand | 54/58 | €235,382 | €262,596 | +€27,214 | +11.6% |
| Deferred charges and accrued income | 490/1 | €7,151 | €14,395 | +€7,244 | +101.3% |
| Total equity and liabilities | 10/49 | €3,493,399 | €4,804,161 | +€1.3m | +37.5% |
| Equity | 10/15 | €2,203,495 | €3,770,890 | +€1.6m | +71.1% |
| 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 | - | €1,377,000 | +€1.4m | |
| Reserves | 13 | €2,141,495 | €2,331,890 | +€190,395 | +8.9% |
| Non-distributable reserves | 130/1 | €27,268 | €27,268 | = | 0.0% |
| Legal reserve | 130 | €27,268 | €27,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,110,739 | €1,191,140 | +€80,401 | +7.2% |
| Distributable reserves | 133 | €1,003,488 | €1,113,482 | +€109,994 | +11.0% |
| Provisions and deferred taxes | 16 | €370,246 | €397,047 | +€26,800 | +7.2% |
| Deferred taxes | 168 | €370,246 | €397,047 | +€26,800 | +7.2% |
| Amounts payable | 17/49 | €919,658 | €636,225 | -€283,434 | -30.8% |
| Amounts payable after more than one year | 17 | €390,064 | €309,955 | -€80,109 | -20.5% |
| Financial debts | 170/4 | €386,579 | €309,955 | -€76,624 | -19.8% |
| Other amounts payable | 178/9 | €3,485 | - | -€3,485 | |
| Amounts payable within one year | 42/48 | €500,884 | €282,669 | -€218,215 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €76,011 | €76,624 | +€613 | +0.8% |
| Trade debts | 44 | €39,435 | €27,193 | -€12,242 | -31.0% |
| Suppliers | 440/4 | €39,435 | €27,193 | -€12,242 | -31.0% |
| Taxes, remuneration and social security | 45 | €27,722 | €21,426 | -€6,296 | -22.7% |
| Taxes | 450/3 | €14,346 | €11,921 | -€2,425 | -16.9% |
| Remuneration and social security | 454/9 | €13,376 | €9,505 | -€3,871 | -28.9% |
| Other amounts payable | 47/48 | €357,716 | €157,426 | -€200,290 | -56.0% |
| Accrued charges and deferred income | 492/3 | €28,711 | €43,601 | +€14,890 | +51.9% |
| Non-recurring operating income | 76A | €10,383 | €199,502 | +€189,119 | +1821.4% |
| Remuneration, social security and pensions | 62 | €44,916 | €32,017 | -€12,899 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,799 | €186,032 | +€16,233 | +9.6% |
| Other operating charges | 640/8 | €28,970 | €44,691 | +€15,721 | +54.3% |
| Gross operating margin | 9900 | €273,459 | €533,808 | +€260,349 | +95.2% |
| Operating profit (loss) | 9901 | €29,775 | €271,069 | +€241,294 | +810.4% |
| Financial income | 75/76B | €2,221 | €12,711 | +€10,490 | +472.2% |
| Recurring financial income | 75 | €2,221 | €12,711 | +€10,490 | +472.2% |
| Financial charges | 65/66B | €26,317 | €14,326 | -€11,991 | -45.6% |
| Recurring financial charges | 65 | €26,317 | €14,326 | -€11,991 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €5,679 | €269,454 | +€263,775 | +4644.9% |
| Transfer from deferred taxes | 780 | €22,421 | €22,566 | +€145 | +0.6% |
| Transfer to deferred taxes | 680 | - | €49,366 | +€49,366 | |
| Income taxes | 67/77 | €31,256 | €52,259 | +€21,003 | +67.2% |
| Profit (loss) for the period | 9904 | -€3,155 | €190,395 | +€193,550 | |
| Transfer from tax-exempt reserves | 789 | €67,264 | €67,698 | +€434 | +0.6% |
| Transfer to tax-exempt reserves | 689 | - | €148,099 | +€148,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,109 | €109,994 | +€45,885 | +71.6% |
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 3 October 2026 via checked.be.