Jafrabel: 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
Jafrabel
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,394
2024 · €12,885+€37,508
Equity
€965,953
2024 · €1.0m-€55,906
Cash
€17,396
2024 · €38,529-€21,134
Balance sheet total
€2.1m
2024 · €2.0m+€155,309
Largest movements
Assets
- Receivables within one year +€253,162
up €253,162, from €0 to €253,162
of which Other amounts receivable: +€252,000
- Tangible fixed assets -€86,335
down €86,335 (-4.4%), from €1.9m to €1.9m
Equity and liabilities
- Other debts +€154,204
up €154,204 (+3,139%), from €4,912 to €159,116
- Short-term financial debts +€135,000
new in 2025: €135,000
- Debts after one year -€78,272
down €78,272 (-10.2%), from €765,130 to €686,857
of which Financial debts: -€78,172
- Reserves -€56,953
down €56,953 (-7.2%), from €791,711 to €734,758
of which Distributable reserves: -€36,300
Income statement
- Gross operating margin +€47,817
up €47,817 (+29.1%), from €164,470 to €212,287
- Taxes +€37,936
up €37,936 (+274%), from €13,844 to €51,780
- Depreciation -€23,358
down €23,358 (-25.1%), from €92,899 to €69,541
- Financial charges -€2,853
down €2,853 (-8.4%), from €34,047 to €31,194
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
€12,885
Gross operating margin
+€47,817
Depreciation
+€23,358
Other operating charges
-€798
Financial income
+€66
Financial charges
+€2,853
Taxes
-€37,936
Deferred taxes and other
+€2,149
Result 2025
€50,394
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
+€10,579
Investment
+€16,793
Financing
-€48,506
Cash 2024
€38,529
From operations (derived)
+€10,579
Net result for the year
+€50,394
Depreciation
+€69,541
Receivables within one year
-€253,162
Deferred charges and accrued income
-€9,616
Provisions
-€6,871
Trade debts
+€528
Tax, wage and social debts
+€14,417
Other debts
+€154,204
Accrued charges and deferred income
-€8,857
Investment (derived)
+€16,793
Investment in fixed assets (net)
+€16,793
Financing
-€48,506
Debts after one year
-€78,272
Current portion of long-term debt
+€1,066
Short-term financial debts
+€135,000
Contributions, distributions and other
-€106,300
Cash 2025
€17,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,993,273 | €2,148,582 | +€155,309 | +7.8% |
| Fixed assets | 21/28 | €1,948,330 | €1,861,996 | -€86,335 | -4.4% |
| Tangible fixed assets | 22/27 | €1,948,330 | €1,861,996 | -€86,335 | -4.4% |
| Land and buildings | 22 | €1,948,330 | €1,861,996 | -€86,335 | -4.4% |
| Current assets | 29/58 | €44,942 | €286,586 | +€241,644 | +538% |
| Amounts receivable within one year | 40/41 | €0 | €253,162 | +€253,162 | |
| Trade receivables | 40 | €0 | €1,162 | +€1,162 | |
| Other amounts receivable | 41 | €0 | €252,000 | +€252,000 | |
| Cash at bank and in hand | 54/58 | €38,529 | €17,396 | -€21,134 | -54.9% |
| Deferred charges and accrued income | 490/1 | €6,413 | €16,029 | +€9,616 | +150% |
| Total equity and liabilities | 10/49 | €1,993,273 | €2,148,582 | +€155,309 | +7.8% |
| Equity | 10/15 | €1,021,859 | €965,953 | -€55,906 | -5.5% |
| Contributions | 10/11 | €203,606 | €203,606 | = | 0.0% |
| Reserves | 13 | €791,711 | €734,758 | -€56,953 | -7.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €285,487 | €264,834 | -€20,653 | -7.2% |
| Distributable reserves | 133 | €506,225 | €469,925 | -€36,300 | -7.2% |
| Profit (loss) carried forward | 14 | €26,542 | €27,588 | +€1,046 | +3.9% |
| Provisions and deferred taxes | 16 | €95,162 | €88,291 | -€6,871 | -7.2% |
| Deferred taxes | 168 | €95,162 | €88,291 | -€6,871 | -7.2% |
| Amounts payable | 17/49 | €876,251 | €1,094,338 | +€218,086 | +24.9% |
| Amounts payable after more than one year | 17 | €765,130 | €686,857 | -€78,272 | -10.2% |
| Financial debts | 170/4 | €764,910 | €686,737 | -€78,172 | -10.2% |
| Other amounts payable | 178/9 | €220 | €120 | -€100 | -45.5% |
| Amounts payable within one year | 42/48 | €98,357 | €403,572 | +€305,215 | +310% |
| Current portion of amounts payable after more than one year | 42 | €77,106 | €78,172 | +€1,066 | +1.4% |
| Financial debts | 43 | - | €135,000 | +€135,000 | |
| Credit institutions | 430/8 | - | €135,000 | +€135,000 | |
| Trade debts | 44 | €959 | €1,488 | +€528 | +55.0% |
| Suppliers | 440/4 | €959 | €1,488 | +€528 | +55.0% |
| Taxes, remuneration and social security | 45 | €15,379 | €29,797 | +€14,417 | +93.7% |
| Taxes | 450/3 | €15,379 | €29,797 | +€14,417 | +93.7% |
| Other amounts payable | 47/48 | €4,912 | €159,116 | +€154,204 | +3,139% |
| Accrued charges and deferred income | 492/3 | €12,764 | €3,908 | -€8,857 | -69.4% |
| Non-recurring operating income | 76A | €30,464 | €65,497 | +€35,033 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,899 | €69,541 | -€23,358 | -25.1% |
| Other operating charges | 640/8 | €15,517 | €16,315 | +€798 | +5.1% |
| Gross operating margin | 9900 | €164,470 | €212,287 | +€47,817 | +29.1% |
| Operating profit (loss) | 9901 | €56,054 | €126,430 | +€70,376 | +126% |
| Financial income | 75/76B | €1 | €66 | +€66 | +10,454% |
| Recurring financial income | 75 | €1 | €66 | +€66 | +10,454% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €34,047 | €31,194 | -€2,853 | -8.4% |
| Recurring financial charges | 65 | €34,047 | €31,194 | -€2,853 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €22,007 | €95,303 | +€73,296 | +333% |
| Transfer from deferred taxes | 780 | €4,722 | €6,871 | +€2,149 | +45.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €13,844 | €51,780 | +€37,936 | +274% |
| Profit (loss) for the period | 9904 | €12,885 | €50,394 | +€37,508 | +291% |
| Transfer from tax-exempt reserves | 789 | €14,166 | €20,653 | +€6,487 | +45.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €27,051 | €71,046 | +€43,995 | +163% |
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 16 October 2026 via checked.be.