J.P.F.: what changed
What changed
J.P.F.
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
€131,718
2024 · €33,622+€98,096
Equity
€4.2m
2024 · €4.0m+€131,718
Cash
€59,184
2024 · €117,105-€57,921
Balance sheet total
€5.9m
2024 · €5.5m+€478,451
Largest movements
Assets
- Tangible fixed assets +€534,131
up €534,131 (+10.3%), from €5.2m to €5.7m
of which Land and buildings: +€535,129
Equity and liabilities
- Other debts +€334,070
up €334,070 (+29.8%), from €1.1m to €1.5m
- Profit (loss) carried forward +€139,000
up €139,000 (+15.4%), from €900,000 to €1.0m
Income statement
- Gross operating margin +€232,873
up €232,873 (+136%), from €171,843 to €404,716
- Depreciation +€95,521
up €95,521 (+86.6%), from €110,332 to €205,854
- Taxes +€21,400
new in 2025: €21,400
- Financial charges +€11,762
up €11,762 (+79.6%), from €14,771 to €26,534
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
€33,622
Gross operating margin
+€232,873
Depreciation
-€95,521
Other operating charges
+€2,081
Financial income
+€632
Financial charges
-€11,762
Taxes
-€21,400
Deferred taxes and other
-€8,807
Result 2025
€131,718
raises the resultlowers the resultnot broken down further in the accounts
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
+€682,064
Investment
-€739,984
Financing
€0
Cash 2024
€117,105
From operations (derived)
+€682,064
Net result for the year
+€131,718
Depreciation
+€205,854
Receivables within one year
-€2,241
Provisions
-€2,577
Trade debts
+€3,841
Tax, wage and social debts
+€21,400
Other debts
+€334,070
Accrued charges and deferred income
-€10,000
Investment (derived)
-€739,984
Investment in fixed assets (net)
-€739,984
Cash 2025
€59,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,459,658 | €5,938,109 | +€478,451 | +8.8% |
| Formation expenses | 20 | €2,828 | €2,828 | = | 0.0% |
| Fixed assets | 21/28 | €5,171,384 | €5,705,515 | +€534,131 | +10.3% |
| Tangible fixed assets | 22/27 | €5,166,384 | €5,700,515 | +€534,131 | +10.3% |
| Land and buildings | 22 | €5,161,899 | €5,697,027 | +€535,129 | +10.4% |
| Furniture and vehicles | 24 | €4,486 | €3,488 | -€998 | -22.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €285,445 | €229,766 | -€55,680 | -19.5% |
| Amounts receivable within one year | 40/41 | €168,341 | €170,582 | +€2,241 | +1.3% |
| Trade receivables | 40 | €272 | €399 | +€128 | +47.0% |
| Other amounts receivable | 41 | €168,069 | €170,183 | +€2,113 | +1.3% |
| Cash at bank and in hand | 54/58 | €117,105 | €59,184 | -€57,921 | -49.5% |
| Total equity and liabilities | 10/49 | €5,459,658 | €5,938,109 | +€478,451 | +8.8% |
| Equity | 10/15 | €4,034,960 | €4,166,677 | +€131,718 | +3.3% |
| Contributions | 10/11 | €2,017,800 | €2,017,800 | = | 0.0% |
| Capital | 10 | €2,017,800 | €2,017,800 | = | 0.0% |
| Issued capital | 100 | €2,017,800 | €2,017,800 | = | 0.0% |
| Reserves | 13 | €1,117,160 | €1,109,877 | -€7,283 | -0.7% |
| Non-distributable reserves | 130/1 | €201,780 | €201,780 | = | 0.0% |
| Legal reserve | 130 | €201,780 | €201,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €877,217 | €869,486 | -€7,731 | -0.9% |
| Distributable reserves | 133 | €38,162 | €38,611 | +€449 | +1.2% |
| Profit (loss) carried forward | 14 | €900,000 | €1,039,000 | +€139,000 | +15.4% |
| Provisions and deferred taxes | 16 | €292,406 | €289,829 | -€2,577 | -0.9% |
| Deferred taxes | 168 | €292,406 | €289,829 | -€2,577 | -0.9% |
| Amounts payable | 17/49 | €1,132,292 | €1,481,603 | +€349,311 | +30.8% |
| Amounts payable within one year | 42/48 | €1,122,292 | €1,481,603 | +€359,311 | +32.0% |
| Trade debts | 44 | €90 | €3,931 | +€3,841 | +4,268% |
| Suppliers | 440/4 | €90 | €3,931 | +€3,841 | +4,268% |
| Taxes, remuneration and social security | 45 | - | €21,400 | +€21,400 | |
| Taxes | 450/3 | - | €21,400 | +€21,400 | |
| Other amounts payable | 47/48 | €1,122,202 | €1,456,272 | +€334,070 | +29.8% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100% |
| Non-recurring operating income | 76A | €0 | €278,049 | +€278,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,332 | €205,854 | +€95,521 | +86.6% |
| Other operating charges | 640/8 | €28,055 | €25,974 | -€2,081 | -7.4% |
| Gross operating margin | 9900 | €171,843 | €404,716 | +€232,873 | +136% |
| Operating profit (loss) | 9901 | €33,456 | €172,889 | +€139,433 | +417% |
| Financial income | 75/76B | €3,553 | €4,185 | +€632 | +17.8% |
| Recurring financial income | 75 | €3,553 | €4,185 | +€632 | +17.8% |
| Financial charges | 65/66B | €14,771 | €26,534 | +€11,762 | +79.6% |
| Recurring financial charges | 65 | €14,771 | €26,534 | +€11,762 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €22,238 | €150,540 | +€128,303 | +577% |
| Transfer from deferred taxes | 780 | €11,384 | €72,089 | +€60,705 | +533% |
| Transfer to deferred taxes | 680 | €0 | €69,512 | +€69,512 | |
| Income taxes | 67/77 | - | €21,400 | +€21,400 | |
| Profit (loss) for the period | 9904 | €33,622 | €131,718 | +€98,096 | +292% |
| Transfer from tax-exempt reserves | 789 | €34,152 | €216,268 | +€182,116 | +533% |
| Transfer to tax-exempt reserves | 689 | €0 | €208,537 | +€208,537 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,774 | €139,449 | +€71,675 | +106% |
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 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.