JADOR: 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.
JADOR
Largest movements
- Tangible fixed assets -€135,397
down €135,397 (-4.1%), from €3.3m to €3.1m
- Receivables within one year +€119,111
up €119,111 (+268%), from €44,453 to €163,565
of which Trade receivables: +€118,951
- Cash +€44,715
up €44,715 (+513%), from €8,721 to €53,436
mainly Net result for the year (+€166,789) and Depreciation (+€135,397)
- Reserves +€166,789
up €166,789 (+9.3%), from €1.8m to €2.0m
of which Distributable reserves: +€166,789
- Debts after one year -€143,032
down €143,032 (-21.8%), from €655,377 to €512,345
of which Financial debts: -€141,982
- Gross operating margin +€143,628
up €143,628 (+40.2%), from €357,580 to €501,208
- Taxes +€40,354
up €40,354 (+99.3%), from €40,637 to €80,990
- Other operating charges +€13,565
up €13,565 (+21.0%), from €64,503 to €78,068
- Depreciation -€10,924
down €10,924 (-7.5%), from €146,322 to €135,397
- Write-downs +€5,466
up €5,466 (+84.3%), from -€6,481 to -€1,015
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,326,423 | €3,361,678 | +€35,255 | +1.1% |
| Fixed assets | 21/28 | €3,266,620 | €3,131,223 | -€135,397 | -4.1% |
| Tangible fixed assets | 22/27 | €3,266,620 | €3,131,223 | -€135,397 | -4.1% |
| Land and buildings | 22 | €3,266,620 | €3,131,223 | -€135,397 | -4.1% |
| Current assets | 29/58 | €59,804 | €230,456 | +€170,652 | +285% |
| Amounts receivable within one year | 40/41 | €44,453 | €163,565 | +€119,111 | +268% |
| Trade receivables | 40 | €23,762 | €142,712 | +€118,951 | +501% |
| Other amounts receivable | 41 | €20,692 | €20,852 | +€161 | +0.8% |
| Cash at bank and in hand | 54/58 | €8,721 | €53,436 | +€44,715 | +513% |
| Deferred charges and accrued income | 490/1 | €6,630 | €13,455 | +€6,825 | +103% |
| Total equity and liabilities | 10/49 | €3,326,423 | €3,361,678 | +€35,255 | +1.1% |
| Equity | 10/15 | €1,858,970 | €2,025,759 | +€166,789 | +9.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,783,962 | €1,950,750 | +€166,789 | +9.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,776,462 | €1,943,250 | +€166,789 | +9.4% |
| Profit (loss) carried forward | 14 | €8 | €8 | = | 0.0% |
| Amounts payable | 17/49 | €1,467,454 | €1,335,920 | -€131,534 | -9.0% |
| Amounts payable after more than one year | 17 | €655,377 | €512,345 | -€143,032 | -21.8% |
| Financial debts | 170/4 | €617,947 | €475,965 | -€141,982 | -23.0% |
| Other amounts payable | 178/9 | €37,430 | €36,380 | -€1,050 | -2.8% |
| Amounts payable within one year | 42/48 | €744,619 | €753,312 | +€8,693 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €155,143 | €139,390 | -€15,753 | -10.2% |
| Trade debts | 44 | €13,873 | €15,951 | +€2,077 | +15.0% |
| Suppliers | 440/4 | €13,873 | €15,951 | +€2,077 | +15.0% |
| Taxes, remuneration and social security | 45 | €55,637 | €84,024 | +€28,388 | +51.0% |
| Taxes | 450/3 | €55,637 | €84,024 | +€28,388 | +51.0% |
| Other amounts payable | 47/48 | €519,965 | €513,947 | -€6,019 | -1.2% |
| Accrued charges and deferred income | 492/3 | €67,458 | €70,263 | +€2,805 | +4.2% |
| Non-recurring operating income | 76A | €1,725 | - | -€1,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,322 | €135,397 | -€10,924 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,481 | -€1,015 | +€5,466 | +84.3% |
| Other operating charges | 640/8 | €64,503 | €78,068 | +€13,565 | +21.0% |
| Non-recurring operating charges | 66A | €895 | - | -€895 | |
| Gross operating margin | 9900 | €357,580 | €501,208 | +€143,628 | +40.2% |
| Operating profit (loss) | 9901 | €152,341 | €288,758 | +€136,417 | +89.5% |
| Financial income | 75/76B | €145 | €0 | -€145 | -99.7% |
| Recurring financial income | 75 | €145 | €0 | -€145 | -99.7% |
| Financial charges | 65/66B | €45,054 | €40,979 | -€4,075 | -9.0% |
| Recurring financial charges | 65 | €45,054 | €40,979 | -€4,075 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €107,433 | €247,779 | +€140,347 | +131% |
| Income taxes | 67/77 | €40,637 | €80,990 | +€40,354 | +99.3% |
| Profit (loss) for the period | 9904 | €66,796 | €166,789 | +€99,993 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €66,796 | €166,789 | +€99,993 | +150% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.