JAD: 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.
JAD
Largest movements
- Tangible fixed assets -€10,272
down €10,272 (-34.1%), from €30,124 to €19,852
- Cash -€8,936
down €8,936 (-95.4%), from €9,365 to €429
mainly Net result for the year (-€21,767) and Receivables within one year (-€850)
- Receivables within one year +€850
up €850 (+298%), from €286 to €1,135
- Profit (loss) carried forward -€21,767
down €21,767 (-10.1%), from -€216,496 to -€238,263
- Debts after one year +€4,321
up €4,321 (+1.8%), from €236,084 to €240,405
- Trade debts -€513
down €513 (-37.9%), from €1,353 to €841
- Gross operating margin -€6,277
down €6,277 (-140%), from -€4,471 to -€10,747
- Financial charges -€1,000
down €1,000 (-61.7%), from €1,621 to €621
- Other operating charges -€981
down €981 (-88.5%), from €1,108 to €127
- Depreciation +€500
up €500 (+5.1%), from €9,772 to €10,272
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 | €39,948 | €21,590 | -€18,358 | -46.0% |
| Fixed assets | 21/28 | €30,297 | €20,025 | -€10,272 | -33.9% |
| Tangible fixed assets | 22/27 | €30,124 | €19,852 | -€10,272 | -34.1% |
| Furniture and vehicles | 24 | €30,124 | €19,852 | -€10,272 | -34.1% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €9,651 | €1,565 | -€8,086 | -83.8% |
| Amounts receivable within one year | 40/41 | €286 | €1,135 | +€850 | +298% |
| Other amounts receivable | 41 | €286 | €1,135 | +€850 | +298% |
| Cash at bank and in hand | 54/58 | €9,365 | €429 | -€8,936 | -95.4% |
| Total equity and liabilities | 10/49 | €39,948 | €21,590 | -€18,358 | -46.0% |
| Equity | 10/15 | -€197,889 | -€219,656 | -€21,767 | -11.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15 | €15 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15 | €15 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15 | €15 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,496 | -€238,263 | -€21,767 | -10.1% |
| Amounts payable | 17/49 | €237,837 | €241,246 | +€3,409 | +1.4% |
| Amounts payable after more than one year | 17 | €236,084 | €240,405 | +€4,321 | +1.8% |
| Other amounts payable | 178/9 | €236,084 | €240,405 | +€4,321 | +1.8% |
| Amounts payable within one year | 42/48 | €1,753 | €841 | -€912 | -52.0% |
| Trade debts | 44 | €1,353 | €841 | -€513 | -37.9% |
| Suppliers | 440/4 | €1,353 | €841 | -€513 | -37.9% |
| Other amounts payable | 47/48 | €399 | - | -€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,772 | €10,272 | +€500 | +5.1% |
| Other operating charges | 640/8 | €1,108 | €127 | -€981 | -88.5% |
| Non-recurring operating charges | 66A | €2,253 | - | -€2,253 | |
| Gross operating margin | 9900 | -€4,471 | -€10,747 | -€6,277 | -140% |
| Operating profit (loss) | 9901 | -€17,604 | -€21,146 | -€3,542 | -20.1% |
| Financial charges | 65/66B | €1,621 | €621 | -€1,000 | -61.7% |
| Recurring financial charges | 65 | €1,621 | €621 | -€1,000 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,225 | -€21,767 | -€2,542 | -13.2% |
| Profit (loss) for the period | 9904 | -€19,225 | -€21,767 | -€2,542 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,225 | -€21,767 | -€2,542 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.