J.E. INVEST: 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
J.E. INVEST
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,197
2024 · €4,157+€72,040
Equity
€289,586
2024 · €213,389+€76,197
Cash
€16,671
2024 · €40,597-€23,926
Balance sheet total
€1.6m
2024 · €1.5m+€96,466
Largest movements
Assets
- Receivables within one year +€115,761
up €115,761 (+50.9%), from €227,212 to €342,973
of which Trade receivables: +€130,454
- Cash -€23,926
down €23,926 (-58.9%), from €40,597 to €16,671
mainly Receivables within one year (-€115,761) and Investment in fixed assets (net) (-€77,318)
Equity and liabilities
- Reserves +€76,197
up €76,197 (+39.4%), from €193,389 to €269,586
of which Distributable reserves: +€76,197
Income statement
- Gross operating margin +€93,024
up €93,024 (+24.3%), from €383,349 to €476,373
- Taxes +€19,589
up €19,589 (+160%), from €12,240 to €31,829
- Staff costs +€6,998
up €6,998 (+2.8%), from €249,289 to €256,287
- Other operating charges -€6,847
down €6,847 (-30.6%), from €22,386 to €15,539
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.
Result 2024
€4,157
Gross operating margin
+€93,024
Staff costs
-€6,998
Depreciation
-€1,671
Other operating charges
+€6,847
Other operating items
+€790
Financial income
-€2,411
Financial charges
+€2,047
Taxes
-€19,589
Result 2025
€76,197
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€45,283
Investment
-€77,318
Financing
+€8,109
Cash 2024
€40,597
From operations (derived)
+€45,283
Net result for the year
+€76,197
Depreciation
+€78,970
Receivables within one year
-€115,761
Deferred charges and accrued income
-€6,284
Trade debts
-€6,863
Tax, wage and social debts
+€14,709
Other debts
+€4,207
Accrued charges and deferred income
+€106
Investment (derived)
-€77,318
Investment in fixed assets (net)
-€77,318
Financing
+€8,109
Debts after one year
+€3,816
Current portion of long-term debt
+€4,293
Cash 2025
€16,671
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,518,224 | €1,614,690 | +€96,466 | +6.4% |
| Fixed assets | 21/28 | €1,238,652 | €1,237,000 | -€1,652 | -0.1% |
| Tangible fixed assets | 22/27 | €1,160,652 | €1,159,000 | -€1,652 | -0.1% |
| Land and buildings | 22 | €1,143,568 | €1,150,900 | +€7,333 | +0.6% |
| Plant, machinery and equipment | 23 | €1,575 | €937 | -€638 | -40.5% |
| Furniture and vehicles | 24 | €15,510 | €7,163 | -€8,347 | -53.8% |
| Financial fixed assets | 28 | €78,000 | €78,000 | = | 0.0% |
| Current assets | 29/58 | €279,572 | €377,690 | +€98,118 | +35.1% |
| Amounts receivable within one year | 40/41 | €227,212 | €342,973 | +€115,761 | +50.9% |
| Trade receivables | 40 | €84,484 | €214,937 | +€130,454 | +154% |
| Other amounts receivable | 41 | €142,729 | €128,036 | -€14,693 | -10.3% |
| Cash at bank and in hand | 54/58 | €40,597 | €16,671 | -€23,926 | -58.9% |
| Deferred charges and accrued income | 490/1 | €11,762 | €18,046 | +€6,284 | +53.4% |
| Total equity and liabilities | 10/49 | €1,518,224 | €1,614,690 | +€96,466 | +6.4% |
| Equity | 10/15 | €213,389 | €289,586 | +€76,197 | +35.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €193,389 | €269,586 | +€76,197 | +39.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,270 | €10,270 | = | 0.0% |
| Distributable reserves | 133 | €181,119 | €257,316 | +€76,197 | +42.1% |
| Amounts payable | 17/49 | €1,304,835 | €1,325,104 | +€20,269 | +1.6% |
| Amounts payable after more than one year | 17 | €397,610 | €401,426 | +€3,816 | +1.0% |
| Financial debts | 170/4 | €397,610 | €401,426 | +€3,816 | +1.0% |
| Amounts payable within one year | 42/48 | €907,224 | €923,571 | +€16,347 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €53,550 | €57,843 | +€4,293 | +8.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €34,685 | €27,823 | -€6,863 | -19.8% |
| Suppliers | 440/4 | €34,685 | €27,823 | -€6,863 | -19.8% |
| Taxes, remuneration and social security | 45 | €60,562 | €75,271 | +€14,709 | +24.3% |
| Taxes | 450/3 | €21,167 | €28,486 | +€7,319 | +34.6% |
| Remuneration and social security | 454/9 | €39,395 | €46,785 | +€7,391 | +18.8% |
| Other amounts payable | 47/48 | €758,428 | €762,635 | +€4,207 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | €106 | +€106 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €249,289 | €256,287 | +€6,998 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,299 | €78,970 | +€1,671 | +2.2% |
| Other operating charges | 640/8 | €22,386 | €15,539 | -€6,847 | -30.6% |
| Non-recurring operating charges | 66A | €790 | - | -€790 | |
| Gross operating margin | 9900 | €383,349 | €476,373 | +€93,024 | +24.3% |
| Operating profit (loss) | 9901 | €33,585 | €125,577 | +€91,992 | +274% |
| Financial income | 75/76B | €2,413 | €2 | -€2,411 | -99.9% |
| Recurring financial income | 75 | €2,413 | €2 | -€2,411 | -99.9% |
| Financial charges | 65/66B | €19,601 | €17,554 | -€2,047 | -10.4% |
| Recurring financial charges | 65 | €19,601 | €17,554 | -€2,047 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €16,397 | €108,026 | +€91,629 | +559% |
| Income taxes | 67/77 | €12,240 | €31,829 | +€19,589 | +160% |
| Profit (loss) for the period | 9904 | €4,157 | €76,197 | +€72,040 | +1,733% |
| Profit (loss) for the period to be appropriated | 9905 | €4,157 | €76,197 | +€72,040 | +1,733% |
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 21 October 2026 via checked.be.