JEDASCO: 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.
JEDASCO
Largest movements
- Tangible fixed assets +€171,138
up €171,138 (+47.9%), from €357,007 to €528,145
of which Land and buildings: +€171,350
- Cash +€121,358
up €121,358 (+300.7%), from €40,365 to €161,723
mainly Other debts (+€156,378) and Net result for the year (+€105,218)
- Receivables within one year +€10,574
up €10,574 (+25.0%), from €42,311 to €52,885
of which Other amounts receivable: +€5,501
- Other debts +€156,378
up €156,378 (+301.8%), from €51,817 to €208,194
- Reserves +€105,200
up €105,200 (+123.6%), from €85,080 to €190,280
- Short-term financial debts +€24,986
new in 2025: €24,986
- Tax, wage and social debts +€19,063
up €19,063 (+228.0%), from €8,360 to €27,423
of which Taxes: +€21,482
- Debts after one year -€16,777
down €16,777 (-6.3%), from €265,598 to €248,822
- Gross operating margin +€121,524
up €121,524 (+231.7%), from €52,458 to €173,982
- Taxes +€41,726
up €41,726 (+499.2%), from €8,359 to €50,085
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 | €465,183 | €761,979 | +€296,797 | +63.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €374,507 | €545,645 | +€171,138 | +45.7% |
| Tangible fixed assets | 22/27 | €357,007 | €528,145 | +€171,138 | +47.9% |
| Land and buildings | 22 | €355,981 | €527,331 | +€171,350 | +48.1% |
| Plant, machinery and equipment | 23 | €1,026 | €814 | -€211 | -20.6% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €90,676 | €216,334 | +€125,658 | +138.6% |
| Amounts receivable within one year | 40/41 | €42,311 | €52,885 | +€10,574 | +25.0% |
| Trade receivables | 40 | €36,070 | €41,143 | +€5,073 | +14.1% |
| Other amounts receivable | 41 | €6,241 | €11,742 | +€5,501 | +88.1% |
| Cash at bank and in hand | 54/58 | €40,365 | €161,723 | +€121,358 | +300.7% |
| Deferred charges and accrued income | 490/1 | €8,000 | €1,727 | -€6,273 | -78.4% |
| Total equity and liabilities | 10/49 | €465,183 | €761,979 | +€296,797 | +63.8% |
| Equity | 10/15 | €95,080 | €200,298 | +€105,218 | +110.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €85,080 | €190,280 | +€105,200 | +123.6% |
| Distributable reserves | 133 | €85,080 | €190,280 | +€105,200 | +123.6% |
| Profit (loss) carried forward | 14 | - | €18 | +€18 | |
| Amounts payable | 17/49 | €370,103 | €561,681 | +€191,579 | +51.8% |
| Amounts payable after more than one year | 17 | €265,598 | €248,822 | -€16,777 | -6.3% |
| Financial debts | 170/4 | €265,598 | €248,822 | -€16,777 | -6.3% |
| Amounts payable within one year | 42/48 | €104,504 | €312,860 | +€208,356 | +199.4% |
| Current portion of amounts payable after more than one year | 42 | €16,470 | €16,777 | +€307 | +1.9% |
| Financial debts | 43 | - | €24,986 | +€24,986 | |
| Credit institutions | 430/8 | - | €24,986 | +€24,986 | |
| Trade debts | 44 | €27,858 | €35,479 | +€7,621 | +27.4% |
| Suppliers | 440/4 | €27,858 | €35,479 | +€7,621 | +27.4% |
| Taxes, remuneration and social security | 45 | €8,360 | €27,423 | +€19,063 | +228.0% |
| Taxes | 450/3 | €5,941 | €27,423 | +€21,482 | +361.6% |
| Remuneration and social security | 454/9 | €2,419 | - | -€2,419 | |
| Other amounts payable | 47/48 | €51,817 | €208,194 | +€156,378 | +301.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,431 | €11,473 | +€42 | +0.4% |
| Other operating charges | 640/8 | €3,645 | €3,463 | -€182 | -5.0% |
| Gross operating margin | 9900 | €52,458 | €173,982 | +€121,524 | +231.7% |
| Operating profit (loss) | 9901 | €37,382 | €159,046 | +€121,664 | +325.5% |
| Financial income | 75/76B | €379 | €1,838 | +€1,459 | +384.4% |
| Recurring financial income | 75 | €379 | €1,838 | +€1,459 | +384.4% |
| Financial charges | 65/66B | €5,602 | €5,581 | -€22 | -0.4% |
| Recurring financial charges | 65 | €5,602 | €5,581 | -€22 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €32,159 | €155,303 | +€123,144 | +382.9% |
| Income taxes | 67/77 | €8,359 | €50,085 | +€41,726 | +499.2% |
| Profit (loss) for the period | 9904 | €23,800 | €105,218 | +€81,418 | +342.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,800 | €105,218 | +€81,418 | +342.1% |
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 7 October 2026 via checked.be.