JADOREX: 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.
JADOREX
Largest movements
- Cash -€82,427
down €82,427 (-83.0%), from €99,309 to €16,881
mainly Other debts (-€49,920) and Receivables within one year (-€34,492)
- Receivables within one year +€34,492
up €34,492 (+28.7%), from €120,104 to €154,597
of which Other amounts receivable: +€23,722
- Deferred charges and accrued income +€26,537
up €26,537 (+363.5%), from €7,300 to €33,837
- Tangible fixed assets +€25,872
up €25,872 (+6.3%), from €412,861 to €438,733
of which Other tangible fixed assets: +€27,060
- Stocks and contracts -€8,390
down €8,390 (-20.1%), from €41,660 to €33,270
- Trade debts +€54,122
up €54,122 (+729.0%), from €7,424 to €61,546
- Other debts -€49,920
down €49,920 (-15.4%), from €323,715 to €273,795
- Accrued charges and deferred income -€24,934
down €24,934 (-34.7%), from €71,893 to €46,959
- Reserves +€12,246
up €12,246 (+2.5%), from €492,031 to €504,276
of which Distributable reserves: +€12,246
- Tax, wage and social debts +€7,018
up €7,018 (+44.7%), from €15,699 to €22,717
- Gross operating margin -€103,652
down €103,652 (-61.2%), from €169,282 to €65,630
- Taxes +€23,569
up €23,569 (+173.2%), from €13,604 to €37,173
- Other operating charges -€3,039
down €3,039 (-33.2%), from €9,149 to €6,110
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 | €681,534 | €677,617 | -€3,917 | -0.6% |
| Fixed assets | 21/28 | €413,161 | €439,033 | +€25,872 | +6.3% |
| Tangible fixed assets | 22/27 | €412,861 | €438,733 | +€25,872 | +6.3% |
| Land and buildings | 22 | €358,301 | €358,301 | = | 0.0% |
| Furniture and vehicles | 24 | €1,250 | €62 | -€1,188 | -95.1% |
| Other tangible fixed assets | 26 | €53,309 | €80,369 | +€27,060 | +50.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €268,373 | €238,584 | -€29,788 | -11.1% |
| Stocks and contracts in progress | 3 | €41,660 | €33,270 | -€8,390 | -20.1% |
| Stocks | 30/36 | €41,660 | €33,270 | -€8,390 | -20.1% |
| Amounts receivable within one year | 40/41 | €120,104 | €154,597 | +€34,492 | +28.7% |
| Trade receivables | 40 | €101,772 | €112,543 | +€10,771 | +10.6% |
| Other amounts receivable | 41 | €18,332 | €42,054 | +€23,722 | +129.4% |
| Cash at bank and in hand | 54/58 | €99,309 | €16,881 | -€82,427 | -83.0% |
| Deferred charges and accrued income | 490/1 | €7,300 | €33,837 | +€26,537 | +363.5% |
| Total equity and liabilities | 10/49 | €681,534 | €677,617 | -€3,917 | -0.6% |
| Equity | 10/15 | €260,353 | €272,599 | +€12,246 | +4.7% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €492,031 | €504,276 | +€12,246 | +2.5% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €477,157 | €489,403 | +€12,246 | +2.6% |
| Profit (loss) carried forward | 14 | -€380,414 | -€380,414 | = | 0.0% |
| Amounts payable | 17/49 | €421,181 | €405,018 | -€16,162 | -3.8% |
| Amounts payable after more than one year | 17 | €2,450 | - | -€2,450 | |
| Other amounts payable | 178/9 | €2,450 | - | -€2,450 | |
| Amounts payable within one year | 42/48 | €346,838 | €358,059 | +€11,221 | +3.2% |
| Trade debts | 44 | €7,424 | €61,546 | +€54,122 | +729.0% |
| Suppliers | 440/4 | €7,424 | €61,546 | +€54,122 | +729.0% |
| Taxes, remuneration and social security | 45 | €15,699 | €22,717 | +€7,018 | +44.7% |
| Taxes | 450/3 | €15,699 | €22,717 | +€7,018 | +44.7% |
| Other amounts payable | 47/48 | €323,715 | €273,795 | -€49,920 | -15.4% |
| Accrued charges and deferred income | 492/3 | €71,893 | €46,959 | -€24,934 | -34.7% |
| Non-recurring operating income | 76A | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €1,188 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,390 | €8,390 | = | 0.0% |
| Other operating charges | 640/8 | €9,149 | €6,110 | -€3,039 | -33.2% |
| Gross operating margin | 9900 | €169,282 | €65,630 | -€103,652 | -61.2% |
| Operating profit (loss) | 9901 | €150,555 | €49,942 | -€100,613 | -66.8% |
| Financial income | 75/76B | €11 | €308 | +€297 | +2624.3% |
| Recurring financial income | 75 | €11 | €308 | +€297 | +2624.3% |
| Financial charges | 65/66B | €920 | €831 | -€89 | -9.7% |
| Recurring financial charges | 65 | €920 | €831 | -€89 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €149,646 | €49,419 | -€100,227 | -67.0% |
| Income taxes | 67/77 | €13,604 | €37,173 | +€23,569 | +173.2% |
| Profit (loss) for the period | 9904 | €136,042 | €12,246 | -€123,796 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,042 | €12,246 | -€123,796 | -91.0% |
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 9 October 2026 via checked.be.