J² INVEST: what changed
What changed
J² INVEST
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€9,606
2024 · €510+€9,096
Equity
€185,698
2024 · €176,092+€9,606
Cash
€265
2024 · €382-€117
Balance sheet total
€1.7m
2024 · €1.8m-€110,575
Largest movements
Assets
- Receivables after one year -€50,750
down €50,750 (-20.9%), from €243,212 to €192,462
- Tangible fixed assets -€49,027
down €49,027 (-3.1%), from €1.6m to €1.5m
Equity and liabilities
- Trade debts -€109,889
down €109,889 (-87.7%), from €125,252 to €15,363
- Debts after one year -€48,082
down €48,082 (-3.3%), from €1.5m to €1.4m
of which Financial debts: -€77,901
- Other debts +€31,967
up €31,967, from €0 to €31,967
Income statement
- Gross operating margin +€6,549
up €6,549 (+5.6%), from €116,836 to €123,385
- Other operating charges -€4,853
down €4,853 (-57.4%), from €8,456 to €3,603
- Taxes +€4,568
up €4,568 (+12,293%), from €37 to €4,605
- Financial charges -€4,136
down €4,136 (-7.9%), from €52,450 to €48,314
- Depreciation +€1,696
up €1,696 (+3.1%), from €55,563 to €57,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€510
Gross operating margin
+€6,549
Depreciation
-€1,696
Other operating charges
+€4,853
Financial income
-€178
Financial charges
+€4,136
Taxes
-€4,568
Result 2025
€9,606
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€52,612
Investment
-€8,233
Financing
-€44,496
Cash 2024
€382
From operations (derived)
+€52,612
Net result for the year
+€9,606
Depreciation
+€57,260
Receivables after one year
+€50,750
Receivables within one year
+€10,731
Deferred charges and accrued income
-€50
Trade debts
-€109,889
Tax, wage and social debts
+€2,238
Other debts
+€31,967
Investment (derived)
-€8,233
Investment in fixed assets (net)
-€8,233
Financing
-€44,496
Debts after one year
-€48,082
Current portion of long-term debt
+€3,212
Short-term financial debts
+€373
Cash 2025
€265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,844,602 | €1,734,027 | -€110,575 | -6.0% |
| Fixed assets | 21/28 | €1,565,869 | €1,516,841 | -€49,027 | -3.1% |
| Tangible fixed assets | 22/27 | €1,565,869 | €1,516,841 | -€49,027 | -3.1% |
| Land and buildings | 22 | €1,565,869 | €1,516,841 | -€49,027 | -3.1% |
| Current assets | 29/58 | €278,733 | €217,186 | -€61,548 | -22.1% |
| Amounts receivable after more than one year | 29 | €243,212 | €192,462 | -€50,750 | -20.9% |
| Other amounts receivable | 291 | €243,212 | €192,462 | -€50,750 | -20.9% |
| Amounts receivable within one year | 40/41 | €31,575 | €20,844 | -€10,731 | -34.0% |
| Trade receivables | 40 | €17,124 | €17,869 | +€745 | +4.4% |
| Other amounts receivable | 41 | €14,451 | €2,975 | -€11,476 | -79.4% |
| Cash at bank and in hand | 54/58 | €382 | €265 | -€117 | -30.6% |
| Deferred charges and accrued income | 490/1 | €3,565 | €3,615 | +€50 | +1.4% |
| Total equity and liabilities | 10/49 | €1,844,602 | €1,734,027 | -€110,575 | -6.0% |
| Equity | 10/15 | €176,092 | €185,698 | +€9,606 | +5.5% |
| Contributions | 10/11 | €3,992 | €3,992 | = | 0.0% |
| Reserves | 13 | €171,916 | €181,706 | +€9,790 | +5.7% |
| Distributable reserves | 133 | €171,916 | €181,706 | +€9,790 | +5.7% |
| Profit (loss) carried forward | 14 | €184 | €0 | -€184 | -100% |
| Amounts payable | 17/49 | €1,668,510 | €1,548,329 | -€120,180 | -7.2% |
| Amounts payable after more than one year | 17 | €1,451,923 | €1,403,841 | -€48,082 | -3.3% |
| Financial debts | 170/4 | €1,133,700 | €1,055,800 | -€77,901 | -6.9% |
| Other amounts payable | 178/9 | €318,222 | €348,042 | +€29,819 | +9.4% |
| Amounts payable within one year | 42/48 | €207,353 | €135,255 | -€72,099 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €74,688 | €77,901 | +€3,212 | +4.3% |
| Financial debts | 43 | €3,636 | €4,009 | +€373 | +10.3% |
| Credit institutions | 430/8 | €3,636 | €4,009 | +€373 | +10.3% |
| Trade debts | 44 | €125,252 | €15,363 | -€109,889 | -87.7% |
| Suppliers | 440/4 | €125,252 | €15,363 | -€109,889 | -87.7% |
| Taxes, remuneration and social security | 45 | €3,777 | €6,015 | +€2,238 | +59.3% |
| Taxes | 450/3 | €3,777 | €6,015 | +€2,238 | +59.3% |
| Other amounts payable | 47/48 | €0 | €31,967 | +€31,967 | |
| Accrued charges and deferred income | 492/3 | €9,234 | €9,234 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,563 | €57,260 | +€1,696 | +3.1% |
| Other operating charges | 640/8 | €8,456 | €3,603 | -€4,853 | -57.4% |
| Gross operating margin | 9900 | €116,836 | €123,385 | +€6,549 | +5.6% |
| Operating profit (loss) | 9901 | €52,817 | €62,523 | +€9,706 | +18.4% |
| Financial income | 75/76B | €180 | €2 | -€178 | -98.7% |
| Recurring financial income | 75 | €180 | €2 | -€178 | -98.7% |
| Financial charges | 65/66B | €52,450 | €48,314 | -€4,136 | -7.9% |
| Recurring financial charges | 65 | €52,450 | €48,314 | -€4,136 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €547 | €14,211 | +€13,664 | +2,498% |
| Income taxes | 67/77 | €37 | €4,605 | +€4,568 | +12,293% |
| Profit (loss) for the period | 9904 | €510 | €9,606 | +€9,096 | +1,784% |
| Profit (loss) for the period to be appropriated | 9905 | €510 | €9,606 | +€9,096 | +1,784% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.