JADRE: 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.
JADRE
Largest movements
- Receivables after one year +€65,000
up €65,000 (+30.2%), from €215,000 to €280,000
- Receivables within one year -€44,197
down €44,197 (-38.4%), from €115,145 to €70,948
of which Other amounts receivable: -€45,802
- Cash -€17,664
down €17,664 (-90.0%), from €19,632 to €1,967
mainly Receivables after one year (-€65,000) and Tax, wage and social debts (-€4,309)
- Deferred charges and accrued income +€4,152
up €4,152 (+790.9%), from €525 to €4,677
- Profit (loss) carried forward +€7,651
up €7,651 (+3.8%), from €200,732 to €208,383
- Tax, wage and social debts -€4,309
down €4,309 (-45.1%), from €9,549 to €5,240
- Gross operating margin -€5,267
down €5,267 (-39.7%), from €13,267 to €8,000
- Taxes -€1,167
down €1,167 (-22.2%), from €5,259 to €4,092
- Depreciation -€892
down €892 (-81.6%), from €1,094 to €202
- Other operating charges -€862
down €862 (-68.3%), from €1,262 to €400
- Financial income -€290
down €290 (-5.8%), from €4,974 to €4,684
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 | €350,528 | €357,617 | +€7,088 | +2.0% |
| Fixed assets | 21/28 | €227 | €25 | -€202 | -89.1% |
| Tangible fixed assets | 22/27 | €202 | €0 | -€202 | -100.0% |
| Furniture and vehicles | 24 | €202 | €0 | -€202 | -100.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €350,302 | €357,592 | +€7,290 | +2.1% |
| Amounts receivable after more than one year | 29 | €215,000 | €280,000 | +€65,000 | +30.2% |
| Other amounts receivable | 291 | €215,000 | €280,000 | +€65,000 | +30.2% |
| Amounts receivable within one year | 40/41 | €115,145 | €70,948 | -€44,197 | -38.4% |
| Trade receivables | 40 | €15,563 | €17,168 | +€1,605 | +10.3% |
| Other amounts receivable | 41 | €99,582 | €53,780 | -€45,802 | -46.0% |
| Cash at bank and in hand | 54/58 | €19,632 | €1,967 | -€17,664 | -90.0% |
| Deferred charges and accrued income | 490/1 | €525 | €4,677 | +€4,152 | +790.9% |
| Total equity and liabilities | 10/49 | €350,528 | €357,617 | +€7,088 | +2.0% |
| Equity | 10/15 | €276,031 | €283,682 | +€7,651 | +2.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €13,326 | €13,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,128 | €7,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,732 | €208,383 | +€7,651 | +3.8% |
| Amounts payable | 17/49 | €74,498 | €73,935 | -€563 | -0.8% |
| Amounts payable within one year | 42/48 | €72,530 | €71,968 | -€563 | -0.8% |
| Financial debts | 43 | - | €2,392 | +€2,392 | |
| Credit institutions | 430/8 | - | €2,392 | +€2,392 | |
| Trade debts | 44 | €62,981 | €64,335 | +€1,354 | +2.1% |
| Suppliers | 440/4 | €62,981 | €64,335 | +€1,354 | +2.1% |
| Taxes, remuneration and social security | 45 | €9,549 | €5,240 | -€4,309 | -45.1% |
| Taxes | 450/3 | €9,549 | €5,240 | -€4,309 | -45.1% |
| Accrued charges and deferred income | 492/3 | €1,967 | €1,967 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,094 | €202 | -€892 | -81.6% |
| Other operating charges | 640/8 | €1,262 | €400 | -€862 | -68.3% |
| Gross operating margin | 9900 | €13,267 | €8,000 | -€5,267 | -39.7% |
| Operating profit (loss) | 9901 | €10,911 | €7,398 | -€3,513 | -32.2% |
| Financial income | 75/76B | €4,974 | €4,684 | -€290 | -5.8% |
| Recurring financial income | 75 | €4,974 | €4,684 | -€290 | -5.8% |
| Financial charges | 65/66B | €96 | €339 | +€243 | +253.8% |
| Recurring financial charges | 65 | €96 | €339 | +€243 | +253.8% |
| Profit (loss) for the period before taxes | 9903 | €15,789 | €11,743 | -€4,046 | -25.6% |
| Income taxes | 67/77 | €5,259 | €4,092 | -€1,167 | -22.2% |
| Profit (loss) for the period | 9904 | €10,530 | €7,651 | -€2,879 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,530 | €7,651 | -€2,879 | -27.3% |
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 4 October 2026 via checked.be.