JADO: 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.
JADO
Largest movements
- Cash +€70,129
up €70,129 (+371.6%), from €18,872 to €89,001
mainly Trade debts (+€139,402) and Net result for the year (+€63,017)
- Current investments +€65,000
up €65,000 (+24.1%), from €269,999 to €334,999
- Receivables within one year +€27,140
up €27,140 (+32.3%), from €84,058 to €111,198
of which Other amounts receivable: +€21,043
- Tangible fixed assets -€7,288
down €7,288 (-27.5%), from €26,455 to €19,167
- Trade debts +€139,402
up €139,402 (+223.5%), from €62,384 to €201,786
- Reserves +€31,098
up €31,098 (+12.2%), from €254,211 to €285,309
of which Tax-exempt reserves: +€42,100
- Other debts -€6,630
down €6,630 (-13.2%), from €50,227 to €43,597
- Tax, wage and social debts -€6,304
down €6,304 (-48.8%), from €12,905 to €6,601
of which Remuneration and social security: -€5,239
- Gross operating margin -€11,703
down €11,703 (-7.5%), from €155,803 to €144,100
- Financial income -€6,026
down €6,026 (-30.3%), from €19,869 to €13,843
- Taxes -€4,477
down €4,477 (-15.7%), from €28,549 to €24,072
- Staff costs -€3,340
down €3,340 (-5.2%), from €64,779 to €61,439
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 | €400,551 | €556,012 | +€155,461 | +38.8% |
| Fixed assets | 21/28 | €26,455 | €19,167 | -€7,288 | -27.5% |
| Tangible fixed assets | 22/27 | €26,455 | €19,167 | -€7,288 | -27.5% |
| Furniture and vehicles | 24 | €26,455 | €19,167 | -€7,288 | -27.5% |
| Current assets | 29/58 | €374,096 | €536,845 | +€162,749 | +43.5% |
| Amounts receivable within one year | 40/41 | €84,058 | €111,198 | +€27,140 | +32.3% |
| Trade receivables | 40 | €71,050 | €77,147 | +€6,097 | +8.6% |
| Other amounts receivable | 41 | €13,008 | €34,051 | +€21,043 | +161.8% |
| Current investments | 50/53 | €269,999 | €334,999 | +€65,000 | +24.1% |
| Cash at bank and in hand | 54/58 | €18,872 | €89,001 | +€70,129 | +371.6% |
| Deferred charges and accrued income | 490/1 | €1,167 | €1,647 | +€480 | +41.1% |
| Total equity and liabilities | 10/49 | €400,551 | €556,012 | +€155,461 | +38.8% |
| Equity | 10/15 | €272,811 | €303,909 | +€31,098 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €254,211 | €285,309 | +€31,098 | +12.2% |
| Tax-exempt reserves | 132 | €42,100 | €84,200 | +€42,100 | +100.0% |
| Distributable reserves | 133 | €212,111 | €201,109 | -€11,002 | -5.2% |
| Amounts payable | 17/49 | €127,740 | €252,103 | +€124,363 | +97.4% |
| Amounts payable within one year | 42/48 | €126,064 | €252,103 | +€126,039 | +100.0% |
| Financial debts | 43 | €548 | €119 | -€429 | -78.3% |
| Credit institutions | 430/8 | €548 | €119 | -€429 | -78.3% |
| Trade debts | 44 | €62,384 | €201,786 | +€139,402 | +223.5% |
| Suppliers | 440/4 | €62,384 | €201,786 | +€139,402 | +223.5% |
| Taxes, remuneration and social security | 45 | €12,905 | €6,601 | -€6,304 | -48.8% |
| Taxes | 450/3 | €1,065 | - | -€1,065 | |
| Remuneration and social security | 454/9 | €11,840 | €6,601 | -€5,239 | -44.2% |
| Other amounts payable | 47/48 | €50,227 | €43,597 | -€6,630 | -13.2% |
| Accrued charges and deferred income | 492/3 | €1,676 | - | -€1,676 | |
| Remuneration, social security and pensions | 62 | €64,779 | €61,439 | -€3,340 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,288 | €7,288 | = | 0.0% |
| Other operating charges | 640/8 | €1,034 | €1,216 | +€182 | +17.6% |
| Non-recurring operating charges | 66A | €6,329 | - | -€6,329 | |
| Gross operating margin | 9900 | €155,803 | €144,100 | -€11,703 | -7.5% |
| Operating profit (loss) | 9901 | €76,373 | €74,157 | -€2,216 | -2.9% |
| Financial income | 75/76B | €19,869 | €13,843 | -€6,026 | -30.3% |
| Recurring financial income | 75 | €19,869 | €13,843 | -€6,026 | -30.3% |
| Financial charges | 65/66B | €1,810 | €911 | -€899 | -49.7% |
| Recurring financial charges | 65 | €1,810 | €911 | -€899 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €94,432 | €87,089 | -€7,343 | -7.8% |
| Income taxes | 67/77 | €28,549 | €24,072 | -€4,477 | -15.7% |
| Profit (loss) for the period | 9904 | €65,883 | €63,017 | -€2,866 | -4.4% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,783 | €20,917 | -€2,866 | -12.1% |
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 8 October 2026 via checked.be.