HOLDING JEPAX: 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.
What changed
HOLDING JEPAX
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€681,485
2023 · €695,273-€13,787
Equity
€4.4m
2023 · €4.2m+€184,780
Cash
€39,981
2023 · €66,356-€26,376
Balance sheet total
€4.4m
2023 · €4.4m-€475
Largest movements
Assets
- Current investments +€241,325
up €241,325 (+26.9%), from €898,026 to €1.1m
- Receivables after one year -€227,436
down €227,436 (-22.5%), from €1.0m to €781,255
Equity and liabilities
- Profit (loss) carried forward +€681,485
up €681,485 (+98.0%), from €695,273 to €1.4m
- Reserves -€496,705
down €496,705 (-30.1%), from €1.7m to €1.2m
- Other debts -€183,749
down €183,749 (-100.0%), from €183,749 to €0
Income statement
- Financial charges +€86,332
up €86,332, from -€85,894 to €439
- Financial income +€61,994
up €61,994 (+9.2%), from €673,706 to €735,700
From the 2023 result to the 2024 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.
Result 2023
€695,273
Depreciation
-€176
Other operating charges
+€427
Other operating items
+€8,662
Financial income
+€61,994
Financial charges
-€86,332
Taxes
+€1,638
Result 2024
€681,485
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€712,707
Investment
-€242,377
Financing
-€496,705
Cash 2023
€66,356
From operations (derived)
+€712,707
Net result for the year
+€681,485
Depreciation
+€19,318
Receivables after one year
+€227,436
Receivables within one year
-€27,448
Deferred charges and accrued income
-€2,828
Trade debts
-€1,506
Other debts
-€183,749
Investment (derived)
-€242,377
Investment in fixed assets (net)
-€1,053
Current investments
-€241,325
Financing
-€496,705
Contributions, distributions and other
-€496,705
Cash 2024
€39,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,374,386 | €4,373,911 | -€475 | 0.0% |
| Fixed assets | 21/28 | €2,068,968 | €2,050,703 | -€18,265 | -0.9% |
| Tangible fixed assets | 22/27 | €615,556 | €597,291 | -€18,265 | -3.0% |
| Land and buildings | 22 | €615,556 | €597,291 | -€18,265 | -3.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,453,412 | €1,453,412 | = | 0.0% |
| Affiliated companies | 280/1 | €1,453,412 | €1,453,412 | = | 0.0% |
| Participating interests | 280 | €1,453,412 | €1,453,412 | = | 0.0% |
| Current assets | 29/58 | €2,305,418 | €2,323,208 | +€17,790 | +0.8% |
| Amounts receivable after more than one year | 29 | €1,008,691 | €781,255 | -€227,436 | -22.5% |
| Other amounts receivable | 291 | €1,008,691 | €781,255 | -€227,436 | -22.5% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Property held for sale | 35 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,572 | €289,020 | +€27,448 | +10.5% |
| Other amounts receivable | 41 | €261,572 | €289,020 | +€27,448 | +10.5% |
| Current investments | 50/53 | €898,026 | €1,139,350 | +€241,325 | +26.9% |
| Other investments | 51/53 | €898,026 | €1,139,350 | +€241,325 | +26.9% |
| Cash at bank and in hand | 54/58 | €66,356 | €39,981 | -€26,376 | -39.7% |
| Deferred charges and accrued income | 490/1 | €68,274 | €71,102 | +€2,828 | +4.1% |
| Total equity and liabilities | 10/49 | €4,374,386 | €4,373,911 | -€475 | 0.0% |
| Equity | 10/15 | €4,185,619 | €4,370,399 | +€184,780 | +4.4% |
| Contributions | 10/11 | €1,838,730 | €1,838,730 | = | 0.0% |
| Reserves | 13 | €1,651,616 | €1,154,911 | -€496,705 | -30.1% |
| Distributable reserves | 133 | €1,651,616 | €1,154,911 | -€496,705 | -30.1% |
| Profit (loss) carried forward | 14 | €695,273 | €1,376,758 | +€681,485 | +98.0% |
| Amounts payable | 17/49 | €188,767 | €3,512 | -€185,255 | -98.1% |
| Amounts payable within one year | 42/48 | €188,767 | €3,512 | -€185,255 | -98.1% |
| Trade debts | 44 | €5,018 | €3,512 | -€1,506 | -30.0% |
| Suppliers | 440/4 | €5,018 | €3,512 | -€1,506 | -30.0% |
| Other amounts payable | 47/48 | €183,749 | €0 | -€183,749 | -100.0% |
| Operating income | 70/76A | €28,059 | €34,081 | +€6,023 | +21.5% |
| Other operating income | 74 | €28,059 | €34,081 | +€6,023 | +21.5% |
| Operating charges | 60/66A | €90,748 | €87,857 | -€2,891 | -3.2% |
| Services and other goods | 61 | €67,590 | €64,951 | -€2,639 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,141 | €19,318 | +€176 | +0.9% |
| Other operating charges | 640/8 | €4,016 | €3,589 | -€427 | -10.6% |
| Operating profit (loss) | 9901 | -€62,689 | -€53,776 | +€8,913 | +14.2% |
| Financial income | 75/76B | €673,706 | €735,700 | +€61,994 | +9.2% |
| Recurring financial income | 75 | €673,706 | €735,700 | +€61,994 | +9.2% |
| Income from financial fixed assets | 750 | €535,917 | €570,524 | +€34,607 | +6.5% |
| Income from current assets | 751 | €78,195 | €90,235 | +€12,040 | +15.4% |
| Other financial income | 752/9 | €59,595 | €74,942 | +€15,347 | +25.8% |
| Financial charges | 65/66B | -€85,894 | €439 | +€86,332 | |
| Recurring financial charges | 65 | -€85,894 | €439 | +€86,332 | |
| Debt charges | 650 | €4,221 | €2,113 | -€2,107 | -49.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€175,659 | -€5,946 | +€169,712 | +96.6% |
| Other financial charges | 652/9 | €85,544 | €4,272 | -€81,273 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €696,911 | €681,485 | -€15,425 | -2.2% |
| Income taxes | 67/77 | €1,638 | €0 | -€1,638 | -100% |
| Taxes | 670/3 | €1,638 | €0 | -€1,638 | -100% |
| Profit (loss) for the period | 9904 | €695,273 | €681,485 | -€13,787 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €695,273 | €681,485 | -€13,787 | -2.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.