SCADE & JADE: 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.
SCADE & JADE
Largest movements
- Financial fixed assets +€2.1m
up €2.1m (+12,482%), from €16,700 to €2.1m
- Receivables after one year -€2.1m
down €2.1m (-100%), from €2.1m to €0
- Cash +€261,829
up €261,829 (+152%), from €172,744 to €434,573
mainly Receivables after one year (+€2.1m) and Net result for the year (+€239,519)
- Reserves +€239,519
up €239,519 (+38.9%), from €615,605 to €855,124
of which Distributable reserves: +€239,519
- Tax, wage and social debts +€28,294
new in 2025: €28,294
- Financial income +€115,872
up €115,872 (+74.3%), from €156,027 to €271,900
- Taxes +€28,404
new in 2025: €28,404
- Gross operating margin +€5,316
up €5,316 (+66.9%), from -€7,944 to -€2,628
- Other operating charges +€549
up €549 (+87.4%), from €628 to €1,177
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 | €2,291,318 | €2,559,131 | +€267,814 | +11.7% |
| Fixed assets | 21/28 | €16,700 | €2,101,251 | +€2.1m | +12,482% |
| Financial fixed assets | 28 | €16,700 | €2,101,251 | +€2.1m | +12,482% |
| Current assets | 29/58 | €2,274,618 | €457,881 | -€1.8m | -79.9% |
| Amounts receivable after more than one year | 29 | €2,084,551 | €0 | -€2.1m | -100% |
| Trade receivables | 290 | €2,084,551 | €0 | -€2.1m | -100% |
| Amounts receivable within one year | 40/41 | €17,323 | €23,308 | +€5,985 | +34.6% |
| Other amounts receivable | 41 | €17,323 | €23,308 | +€5,985 | +34.6% |
| Cash at bank and in hand | 54/58 | €172,744 | €434,573 | +€261,829 | +152% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,291,318 | €2,559,131 | +€267,814 | +11.7% |
| Equity | 10/15 | €2,291,318 | €2,530,837 | +€239,519 | +10.5% |
| Contributions | 10/11 | €1,675,713 | €1,675,713 | = | 0.0% |
| Reserves | 13 | €615,605 | €855,124 | +€239,519 | +38.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €613,605 | €853,124 | +€239,519 | +39.0% |
| Amounts payable | 17/49 | €0 | €28,294 | +€28,294 | |
| Amounts payable within one year | 42/48 | €0 | €28,294 | +€28,294 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €28,294 | +€28,294 | |
| Taxes | 450/3 | - | €28,294 | +€28,294 | |
| Other operating charges | 640/8 | €628 | €1,177 | +€549 | +87.4% |
| Gross operating margin | 9900 | -€7,944 | -€2,628 | +€5,316 | +66.9% |
| Operating profit (loss) | 9901 | -€8,572 | -€3,805 | +€4,767 | +55.6% |
| Financial income | 75/76B | €156,027 | €271,900 | +€115,872 | +74.3% |
| Recurring financial income | 75 | €156,027 | €271,900 | +€115,872 | +74.3% |
| Financial charges | 65/66B | €153 | €171 | +€17 | +11.4% |
| Recurring financial charges | 65 | €153 | €171 | +€17 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €147,302 | €267,924 | +€120,622 | +81.9% |
| Income taxes | 67/77 | - | €28,404 | +€28,404 | |
| Profit (loss) for the period | 9904 | €147,302 | €239,519 | +€92,217 | +62.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €147,302 | €239,519 | +€92,217 | +62.6% |
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 19 October 2026 via checked.be.