J-Invest: what changed
What changed
J-Invest
NACE 47.722, Retail trade
filed annual accounts (NBB)
Net result for the year
-€17,454
2023 · €25,750-€43,205
Equity
€8,692
2023 · €26,146-€17,454
Cash
€1,966
2023 · -+€1,966
Balance sheet total
€421,242
2023 · €547,785-€126,543
Largest movements
Assets
- Receivables within one year -€72,992
down €72,992 (-59.1%), from €123,495 to €50,503
- Stocks and contracts -€28,197
down €28,197 (-10.5%), from €267,792 to €239,594
- Tangible fixed assets -€20,541
down €20,541 (-16.9%), from €121,236 to €100,695
of which Land and buildings: -€17,508
Equity and liabilities
- Debts after one year -€42,108
down €42,108 (-49.6%), from €84,863 to €42,755
- Tax, wage and social debts -€28,786
down €28,786 (-30.0%), from €95,876 to €67,090
of which Taxes: -€20,483
- Profit (loss) carried forward -€17,454
down €17,454 (-87.9%), from -€19,854 to -€37,308
- Trade debts -€13,005
down €13,005 (-14.4%), from €90,584 to €77,580
- Other debts -€11,841
down €11,841 (-20.3%), from €58,419 to €46,578
Income statement
- Other operating charges +€37,571
up €37,571 (+1,795%), from €2,093 to €39,664
- Staff costs -€23,540
down €23,540 (-45.0%), from €52,340 to €28,800
- Financial charges +€19,158
up €19,158 (+198%), from €9,676 to €28,834
- Gross operating margin -€9,554
down €9,554 (-8.4%), from €114,374 to €104,820
Change in the result, 2023 to 2024
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 2023
€25,750
Gross operating margin
-€9,554
Staff costs
+€23,540
Depreciation
+€513
Other operating charges
-€37,571
Financial income
-€371
Financial charges
-€19,158
Taxes
-€603
Result 2024
-€17,454
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€57,422
Investment
€0
Financing
-€55,456
Cash 2023
€0
From operations (derived)
+€57,422
Net result for the year
-€17,454
Depreciation
+€26,015
Stocks and contracts
+€28,197
Receivables within one year
+€72,992
Deferred charges and accrued income
+€1,304
Trade debts
-€13,005
Tax, wage and social debts
-€28,786
Other debts
-€11,841
Financing
-€55,456
Debts after one year
-€42,108
Current portion of long-term debt
-€10,350
Short-term financial debts
-€2,998
Cash 2024
€1,966
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,785 | €421,242 | -€126,543 | -23.1% |
| Fixed assets | 21/28 | €154,434 | €128,419 | -€26,015 | -16.8% |
| Intangible fixed assets | 21 | €33,198 | €27,724 | -€5,474 | -16.5% |
| Tangible fixed assets | 22/27 | €121,236 | €100,695 | -€20,541 | -16.9% |
| Land and buildings | 22 | €113,258 | €95,750 | -€17,508 | -15.5% |
| Plant, machinery and equipment | 23 | €2,340 | €400 | -€1,940 | -82.9% |
| Furniture and vehicles | 24 | €5,638 | €4,544 | -€1,093 | -19.4% |
| Current assets | 29/58 | €393,351 | €292,823 | -€100,528 | -25.6% |
| Stocks and contracts in progress | 3 | €267,792 | €239,594 | -€28,197 | -10.5% |
| Stocks | 30/36 | €267,792 | €239,594 | -€28,197 | -10.5% |
| Amounts receivable within one year | 40/41 | €123,495 | €50,503 | -€72,992 | -59.1% |
| Trade receivables | 40 | €123,495 | €50,503 | -€72,992 | -59.1% |
| Cash at bank and in hand | 54/58 | - | €1,966 | +€1,966 | |
| Deferred charges and accrued income | 490/1 | €2,064 | €760 | -€1,304 | -63.2% |
| Total equity and liabilities | 10/49 | €547,785 | €421,242 | -€126,543 | -23.1% |
| Equity | 10/15 | €26,146 | €8,692 | -€17,454 | -66.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,854 | -€37,308 | -€17,454 | -87.9% |
| Amounts payable | 17/49 | €521,639 | €412,550 | -€109,089 | -20.9% |
| Amounts payable after more than one year | 17 | €84,863 | €42,755 | -€42,108 | -49.6% |
| Financial debts | 170/4 | €84,863 | €42,755 | -€42,108 | -49.6% |
| Amounts payable within one year | 42/48 | €436,776 | €369,795 | -€66,981 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €48,898 | €38,548 | -€10,350 | -21.2% |
| Financial debts | 43 | €142,998 | €140,000 | -€2,998 | -2.1% |
| Credit institutions | 430/8 | €2,998 | - | -€2,998 | |
| Other loans | 439 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €90,584 | €77,580 | -€13,005 | -14.4% |
| Suppliers | 440/4 | €90,584 | €77,580 | -€13,005 | -14.4% |
| Taxes, remuneration and social security | 45 | €95,876 | €67,090 | -€28,786 | -30.0% |
| Taxes | 450/3 | €75,283 | €54,800 | -€20,483 | -27.2% |
| Remuneration and social security | 454/9 | €20,594 | €12,290 | -€8,303 | -40.3% |
| Other amounts payable | 47/48 | €58,419 | €46,578 | -€11,841 | -20.3% |
| Remuneration, social security and pensions | 62 | €52,340 | €28,800 | -€23,540 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,529 | €26,015 | -€513 | -1.9% |
| Other operating charges | 640/8 | €2,093 | €39,664 | +€37,571 | +1,795% |
| Gross operating margin | 9900 | €114,374 | €104,820 | -€9,554 | -8.4% |
| Operating profit (loss) | 9901 | €33,412 | €10,340 | -€23,072 | -69.1% |
| Financial income | 75/76B | €2,014 | €1,643 | -€371 | -18.4% |
| Recurring financial income | 75 | €2,014 | €1,643 | -€371 | -18.4% |
| Financial charges | 65/66B | €9,676 | €28,834 | +€19,158 | +198% |
| Recurring financial charges | 65 | €9,676 | €28,834 | +€19,158 | +198% |
| Profit (loss) for the period before taxes | 9903 | €25,750 | -€16,851 | -€42,601 | |
| Income taxes | 67/77 | - | €603 | +€603 | |
| Profit (loss) for the period | 9904 | €25,750 | -€17,454 | -€43,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,750 | -€17,454 | -€43,205 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.