J.P.D.: what changed
What changed
J.P.D.
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€64,794
2024 · €150,439-€85,644
Equity
€688,407
2024 · €623,612+€64,794
Cash
€608,373
2024 · €399,819+€208,554
Balance sheet total
€707,113
2024 · €654,482+€52,631
Largest movements
Assets
- Cash +€208,554
up €208,554 (+52.2%), from €399,819 to €608,373
mainly Investment in fixed assets (net) (+€149,051) and Net result for the year (+€64,794)
- Tangible fixed assets -€152,986
down €152,986 (-64.5%), from €237,222 to €84,235
of which Land and buildings: -€137,134
- Deferred charges and accrued income -€8,717
down €8,717 (-89.7%), from €9,720 to €1,003
Equity and liabilities
- Reserves +€64,794
up €64,794 (+16.3%), from €396,594 to €461,388
of which Distributable reserves: +€65,528
- Tax, wage and social debts -€12,365
down €12,365 (-99.7%), from €12,404 to €39
Income statement
- Gross operating margin -€110,849
down €110,849 (-53.3%), from €208,083 to €97,233
- Other operating charges -€10,198
down €10,198 (-84.3%), from €12,098 to €1,899
- Depreciation -€8,945
down €8,945 (-67.9%), from €13,180 to €4,235
- Taxes -€4,851
down €4,851 (-14.0%), from €34,612 to €29,761
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
€150,439
Gross operating margin
-€110,849
Depreciation
+€8,945
Other operating charges
+€10,198
Financial income
+€1,423
Financial charges
-€212
Taxes
+€4,851
Result 2025
€64,794
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
+€59,503
Investment
+€149,051
Financing
€0
Cash 2024
€399,819
From operations (derived)
+€59,503
Net result for the year
+€64,794
Depreciation
+€4,235
Receivables within one year
-€6,081
Deferred charges and accrued income
+€8,717
Smaller working-capital items
-€181
Trade debts
+€382
Tax, wage and social debts
-€12,365
Investment (derived)
+€149,051
Investment in fixed assets (net)
+€149,051
Cash 2025
€608,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,482 | €707,113 | +€52,631 | +8.0% |
| Fixed assets | 21/28 | €237,522 | €84,235 | -€153,286 | -64.5% |
| Tangible fixed assets | 22/27 | €237,222 | €84,235 | -€152,986 | -64.5% |
| Land and buildings | 22 | €219,355 | €82,221 | -€137,134 | -62.5% |
| Plant, machinery and equipment | 23 | €2,914 | €2,015 | -€899 | -30.9% |
| Furniture and vehicles | 24 | €11 | €0 | -€11 | -100% |
| Other tangible fixed assets | 26 | €14,942 | €0 | -€14,942 | -100% |
| Financial fixed assets | 28 | €300 | €0 | -€300 | -100% |
| Current assets | 29/58 | €416,960 | €622,878 | +€205,918 | +49.4% |
| Amounts receivable within one year | 40/41 | €7,421 | €13,503 | +€6,081 | +81.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,421 | €13,503 | +€6,081 | +81.9% |
| Cash at bank and in hand | 54/58 | €399,819 | €608,373 | +€208,554 | +52.2% |
| Deferred charges and accrued income | 490/1 | €9,720 | €1,003 | -€8,717 | -89.7% |
| Total equity and liabilities | 10/49 | €654,482 | €707,113 | +€52,631 | +8.0% |
| Equity | 10/15 | €623,612 | €688,407 | +€64,794 | +10.4% |
| Contributions | 10/11 | €227,018 | €227,018 | = | 0.0% |
| Reserves | 13 | €396,594 | €461,388 | +€64,794 | +16.3% |
| Tax-exempt reserves | 132 | €3,518 | €2,785 | -€733 | -20.8% |
| Distributable reserves | 133 | €393,076 | €458,604 | +€65,528 | +16.7% |
| Provisions and deferred taxes | 16 | €7,556 | €7,312 | -€244 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €6,384 | €6,384 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,384 | €6,384 | = | 0.0% |
| Deferred taxes | 168 | €1,173 | €928 | -€244 | -20.8% |
| Amounts payable | 17/49 | €23,313 | €11,395 | -€11,919 | -51.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,313 | €11,395 | -€11,919 | -51.1% |
| Trade debts | 44 | €10,501 | €10,884 | +€382 | +3.6% |
| Suppliers | 440/4 | €10,501 | €10,884 | +€382 | +3.6% |
| Taxes, remuneration and social security | 45 | €12,404 | €39 | -€12,365 | -99.7% |
| Taxes | 450/3 | €12,404 | €39 | -€12,365 | -99.7% |
| Other amounts payable | 47/48 | €408 | €472 | +€64 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,180 | €4,235 | -€8,945 | -67.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €12,098 | €1,899 | -€10,198 | -84.3% |
| Gross operating margin | 9900 | €208,083 | €97,233 | -€110,849 | -53.3% |
| Operating profit (loss) | 9901 | €182,805 | €91,099 | -€91,706 | -50.2% |
| Financial income | 75/76B | €2,061 | €3,483 | +€1,423 | +69.0% |
| Recurring financial income | 75 | €2,061 | €3,483 | +€1,423 | +69.0% |
| Financial charges | 65/66B | €59 | €271 | +€212 | +360% |
| Recurring financial charges | 65 | €59 | €271 | +€212 | +360% |
| Profit (loss) for the period before taxes | 9903 | €184,806 | €94,311 | -€90,496 | -49.0% |
| Transfer from deferred taxes | 780 | €244 | €244 | = | 0.0% |
| Income taxes | 67/77 | €34,612 | €29,761 | -€4,851 | -14.0% |
| Profit (loss) for the period | 9904 | €150,439 | €64,794 | -€85,644 | -56.9% |
| Transfer from tax-exempt reserves | 789 | €733 | €733 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,172 | €65,528 | -€85,644 | -56.7% |
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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 8 November 2026 via checked.be.