JADITION: 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.
JADITION
Largest movements
- Receivables after one year -€181,826
down €181,826 (-44.7%), from €407,032 to €225,206
of which Trade receivables: -€202,707
- Cash +€130,649
up €130,649 (+41.9%), from €312,175 to €442,824
mainly Receivables after one year (+€181,826) and Net result for the year (+€77,198)
- Other debts -€54,486
down €54,486 (-23.6%), from €230,637 to €176,151
- Tax, wage and social debts -€33,627
down €33,627 (-55.5%), from €60,557 to €26,930
of which Taxes: -€35,608
- Accrued charges and deferred income +€30,573
up €30,573 (+4055.9%), from €754 to €31,327
- Reserves +€28,000
up €28,000 (+5.4%), from €522,700 to €550,700
of which Distributable reserves: +€28,000
- Trade debts -€25,706
down €25,706 (-29.9%), from €86,038 to €60,332
- Depreciation +€14,815
up €14,815 (+37.2%), from €39,798 to €54,613
- Gross operating margin -€10,678
down €10,678 (-3.1%), from €348,464 to €337,786
- Financial charges +€10,113
up €10,113 (+539.1%), from €1,876 to €11,989
- Taxes -€10,016
down €10,016 (-23.6%), from €42,520 to €32,504
- Staff costs -€6,066
down €6,066 (-3.6%), from €166,264 to €160,198
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 | €940,235 | €881,251 | -€58,983 | -6.3% |
| Fixed assets | 21/28 | €215,122 | €207,681 | -€7,440 | -3.5% |
| Tangible fixed assets | 22/27 | €214,862 | €207,421 | -€7,440 | -3.5% |
| Land and buildings | 22 | €124,227 | €118,749 | -€5,478 | -4.4% |
| Plant, machinery and equipment | 23 | €12,611 | €12,264 | -€347 | -2.7% |
| Furniture and vehicles | 24 | €78,024 | €76,409 | -€1,615 | -2.1% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €725,113 | €673,570 | -€51,543 | -7.1% |
| Amounts receivable after more than one year | 29 | €407,032 | €225,206 | -€181,826 | -44.7% |
| Trade receivables | 290 | €407,032 | €204,324 | -€202,707 | -49.8% |
| Other amounts receivable | 291 | - | €20,881 | +€20,881 | |
| Cash at bank and in hand | 54/58 | €312,175 | €442,824 | +€130,649 | +41.9% |
| Deferred charges and accrued income | 490/1 | €5,906 | €5,540 | -€366 | -6.2% |
| Total equity and liabilities | 10/49 | €940,235 | €881,251 | -€58,983 | -6.3% |
| Equity | 10/15 | €556,314 | €586,512 | +€30,198 | +5.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €522,700 | €550,700 | +€28,000 | +5.4% |
| Tax-exempt reserves | 132 | €6,800 | €6,800 | = | 0.0% |
| Distributable reserves | 133 | €515,900 | €543,900 | +€28,000 | +5.4% |
| Profit (loss) carried forward | 14 | €14,614 | €16,812 | +€2,198 | +15.0% |
| Amounts payable | 17/49 | €383,921 | €294,740 | -€89,181 | -23.2% |
| Amounts payable within one year | 42/48 | €383,167 | €263,413 | -€119,754 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €5,936 | - | -€5,936 | |
| Trade debts | 44 | €86,038 | €60,332 | -€25,706 | -29.9% |
| Suppliers | 440/4 | €86,038 | €60,332 | -€25,706 | -29.9% |
| Taxes, remuneration and social security | 45 | €60,557 | €26,930 | -€33,627 | -55.5% |
| Taxes | 450/3 | €43,108 | €7,500 | -€35,608 | -82.6% |
| Remuneration and social security | 454/9 | €17,448 | €19,430 | +€1,981 | +11.4% |
| Other amounts payable | 47/48 | €230,637 | €176,151 | -€54,486 | -23.6% |
| Accrued charges and deferred income | 492/3 | €754 | €31,327 | +€30,573 | +4055.9% |
| Remuneration, social security and pensions | 62 | €166,264 | €160,198 | -€6,066 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,798 | €54,613 | +€14,815 | +37.2% |
| Other operating charges | 640/8 | €2,128 | €3,314 | +€1,186 | +55.7% |
| Gross operating margin | 9900 | €348,464 | €337,786 | -€10,678 | -3.1% |
| Operating profit (loss) | 9901 | €140,274 | €119,661 | -€20,613 | -14.7% |
| Financial income | 75/76B | €1,219 | €2,030 | +€811 | +66.6% |
| Recurring financial income | 75 | €1,219 | €2,030 | +€811 | +66.6% |
| Financial charges | 65/66B | €1,876 | €11,989 | +€10,113 | +539.1% |
| Recurring financial charges | 65 | €1,876 | €11,989 | +€10,113 | +539.1% |
| Profit (loss) for the period before taxes | 9903 | €139,616 | €109,702 | -€29,914 | -21.4% |
| Income taxes | 67/77 | €42,520 | €32,504 | -€10,016 | -23.6% |
| Profit (loss) for the period | 9904 | €97,096 | €77,198 | -€19,898 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,096 | €77,198 | -€19,898 | -20.5% |
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.