JADWAYS: 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.
JADWAYS
Largest movements
- Tangible fixed assets +€13,126
up €13,126 (+154%), from €8,512 to €21,638
of which Furniture and vehicles: +€11,135
- Receivables within one year -€4,373
down €4,373 (-14.0%), from €31,145 to €26,772
of which Trade receivables: -€6,117
- Reserves +€9,140
up €9,140 (+80.6%), from €11,333 to €20,473
of which Distributable reserves: +€9,140
- Trade debts -€1,600
down €1,600 (-22.4%), from €7,154 to €5,554
- Accrued charges and deferred income +€1,590
up €1,590 (+14.5%), from €10,954 to €12,544
- Gross operating margin +€4,023
up €4,023 (+25.9%), from €15,539 to €19,561
- Depreciation +€1,062
up €1,062 (+38.7%), from €2,745 to €3,806
- Financial charges -€226
down €226 (-15.8%), from €1,433 to €1,207
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 | €46,855 | €55,998 | +€9,143 | +19.5% |
| Fixed assets | 21/28 | €9,512 | €22,638 | +€13,126 | +138% |
| Tangible fixed assets | 22/27 | €8,512 | €21,638 | +€13,126 | +154% |
| Plant, machinery and equipment | 23 | €1,729 | €4,217 | +€2,487 | +144% |
| Furniture and vehicles | 24 | €4,671 | €15,806 | +€11,135 | +238% |
| Other tangible fixed assets | 26 | €2,112 | €1,615 | -€497 | -23.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €37,344 | €33,360 | -€3,984 | -10.7% |
| Amounts receivable within one year | 40/41 | €31,145 | €26,772 | -€4,373 | -14.0% |
| Trade receivables | 40 | €21,658 | €15,541 | -€6,117 | -28.2% |
| Other amounts receivable | 41 | €9,488 | €11,231 | +€1,743 | +18.4% |
| Cash at bank and in hand | 54/58 | €5,444 | €5,651 | +€208 | +3.8% |
| Deferred charges and accrued income | 490/1 | €755 | €937 | +€182 | +24.1% |
| Total equity and liabilities | 10/49 | €46,855 | €55,998 | +€9,143 | +19.5% |
| Equity | 10/15 | €17,533 | €26,673 | +€9,140 | +52.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,333 | €20,473 | +€9,140 | +80.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,473 | €18,613 | +€9,140 | +96.5% |
| Amounts payable | 17/49 | €29,323 | €29,325 | +€3 | 0.0% |
| Amounts payable within one year | 42/48 | €18,368 | €16,781 | -€1,587 | -8.6% |
| Trade debts | 44 | €7,154 | €5,554 | -€1,600 | -22.4% |
| Suppliers | 440/4 | €7,154 | €5,554 | -€1,600 | -22.4% |
| Taxes, remuneration and social security | 45 | €11,214 | €11,227 | +€12 | +0.1% |
| Taxes | 450/3 | €11,214 | €11,227 | +€12 | +0.1% |
| Accrued charges and deferred income | 492/3 | €10,954 | €12,544 | +€1,590 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €3,806 | +€1,062 | +38.7% |
| Other operating charges | 640/8 | €671 | €813 | +€142 | +21.2% |
| Non-recurring operating charges | 66A | €436 | €1,663 | +€1,227 | +281% |
| Gross operating margin | 9900 | €15,539 | €19,561 | +€4,023 | +25.9% |
| Operating profit (loss) | 9901 | €11,687 | €13,279 | +€1,592 | +13.6% |
| Financial income | 75/76B | €479 | €554 | +€75 | +15.7% |
| Recurring financial income | 75 | €479 | €554 | +€75 | +15.7% |
| Financial charges | 65/66B | €1,433 | €1,207 | -€226 | -15.8% |
| Recurring financial charges | 65 | €1,433 | €1,207 | -€226 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €10,733 | €12,625 | +€1,893 | +17.6% |
| Income taxes | 67/77 | €3,300 | €3,485 | +€185 | +5.6% |
| Profit (loss) for the period | 9904 | €7,433 | €9,140 | +€1,707 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,433 | €9,140 | +€1,707 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.