JADOUL: 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.
JADOUL
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-76.3%), from €1.8m to €427,256
of which Trade receivables: -€1.7m
- Tangible fixed assets -€55,854
down €55,854 (-2.4%), from €2.4m to €2.3m
of which Land and buildings: -€48,380
- Cash -€50,819
down €50,819 (-76.1%), from €66,816 to €15,998
mainly Debts after one year (-€1.6m) and Tax, wage and social debts (-€28,483)
- Debts after one year -€1.6m
down €1.6m (-38.6%), from €4.3m to €2.6m
of which Other amounts payable: -€1.4m
- Profit (loss) carried forward +€136,301
up €136,301 (+10.0%), from -€1.4m to -€1.2m
- Current portion of long-term debt +€62,892
up €62,892 (+72.8%), from €86,335 to €149,228
- Gross operating margin -€861,178
down €861,178 (-69.7%), from €1.2m to €373,781
- Staff costs -€475,933
down €475,933 (-97.0%), from €490,475 to €14,542
- Write-downs -€30,000
new in 2025: -€30,000
- Other operating charges +€28,863
up €28,863 (+1,569%), from €1,839 to €30,703
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.
Derived cash bridge
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 | €4,428,091 | €2,940,864 | -€1.5m | -33.6% |
| Fixed assets | 21/28 | €2,414,812 | €2,326,808 | -€88,004 | -3.6% |
| Tangible fixed assets | 22/27 | €2,356,602 | €2,300,749 | -€55,854 | -2.4% |
| Land and buildings | 22 | €2,310,197 | €2,261,817 | -€48,380 | -2.1% |
| Plant, machinery and equipment | 23 | €18,304 | €19,071 | +€767 | +4.2% |
| Furniture and vehicles | 24 | €28,101 | €19,861 | -€8,240 | -29.3% |
| Financial fixed assets | 28 | €58,210 | €26,060 | -€32,150 | -55.2% |
| Current assets | 29/58 | €2,013,279 | €614,056 | -€1.4m | -69.5% |
| Stocks and contracts in progress | 3 | €134,825 | €163,090 | +€28,264 | +21.0% |
| Stocks | 30/36 | €134,825 | €163,090 | +€28,264 | +21.0% |
| Amounts receivable within one year | 40/41 | €1,799,520 | €427,256 | -€1.4m | -76.3% |
| Trade receivables | 40 | €1,795,414 | €141,135 | -€1.7m | -92.1% |
| Other amounts receivable | 41 | €4,106 | €286,121 | +€282,015 | +6,869% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,816 | €15,998 | -€50,819 | -76.1% |
| Deferred charges and accrued income | 490/1 | €12,117 | €7,711 | -€4,405 | -36.4% |
| Total equity and liabilities | 10/49 | €4,428,091 | €2,940,864 | -€1.5m | -33.6% |
| Equity | 10/15 | -€47,950 | €77,936 | +€125,887 | |
| Contributions | 10/11 | €417,614 | €417,614 | = | 0.0% |
| Revaluation surpluses | 12 | €701,679 | €701,679 | = | 0.0% |
| Reserves | 13 | €98,777 | €98,777 | = | 0.0% |
| Distributable reserves | 133 | €98,777 | €98,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,365,711 | -€1,229,410 | +€136,301 | +10.0% |
| Investment grants | 15 | €99,690 | €89,276 | -€10,414 | -10.4% |
| Amounts payable | 17/49 | €4,476,042 | €2,862,928 | -€1.6m | -36.0% |
| Amounts payable after more than one year | 17 | €4,264,657 | €2,617,955 | -€1.6m | -38.6% |
| Financial debts | 170/4 | €804,857 | €606,008 | -€198,848 | -24.7% |
| Other amounts payable | 178/9 | €3,459,800 | €2,011,947 | -€1.4m | -41.8% |
| Amounts payable within one year | 42/48 | €186,036 | €221,729 | +€35,694 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €86,335 | €149,228 | +€62,892 | +72.8% |
| Trade debts | 44 | €47,439 | €47,702 | +€264 | +0.6% |
| Suppliers | 440/4 | €47,439 | €47,702 | +€264 | +0.6% |
| Advances received on contracts in progress | 46 | €11,477 | €12,664 | +€1,187 | +10.3% |
| Taxes, remuneration and social security | 45 | €40,618 | €12,135 | -€28,483 | -70.1% |
| Taxes | 450/3 | €40,618 | €12,135 | -€28,483 | -70.1% |
| Other amounts payable | 47/48 | €166 | - | -€166 | |
| Accrued charges and deferred income | 492/3 | €25,349 | €23,243 | -€2,105 | -8.3% |
| Non-recurring operating income | 76A | €811,655 | €120,000 | -€691,655 | -85.2% |
| Remuneration, social security and pensions | 62 | €490,475 | €14,542 | -€475,933 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,770 | €96,379 | +€609 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,000 | -€30,000 | |
| Other operating charges | 640/8 | €1,839 | €30,703 | +€28,863 | +1,569% |
| Gross operating margin | 9900 | €1,234,959 | €373,781 | -€861,178 | -69.7% |
| Operating profit (loss) | 9901 | €646,874 | €262,157 | -€384,717 | -59.5% |
| Financial income | 75/76B | €11,310 | €10,974 | -€336 | -3.0% |
| Recurring financial income | 75 | €11,310 | €10,974 | -€336 | -3.0% |
| Financial charges | 65/66B | €145,394 | €136,583 | -€8,810 | -6.1% |
| Recurring financial charges | 65 | €145,394 | €109,433 | -€35,960 | -24.7% |
| Non-recurring financial charges | 66B | - | €27,150 | +€27,150 | |
| Profit (loss) for the period before taxes | 9903 | €512,791 | €136,548 | -€376,243 | -73.4% |
| Income taxes | 67/77 | €321 | €247 | -€73 | -22.8% |
| Profit (loss) for the period | 9904 | €512,470 | €136,301 | -€376,170 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €512,470 | €136,301 | -€376,170 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.