JANINVEST: 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
JANINVEST
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,293
2024 · €17,155+€2,138
Equity
€2.1m
2024 · €2.1m+€19,293
Cash
€15,518
2024 · €4,402+€11,116
Balance sheet total
€2.1m
2024 · €2.1m+€14,475
Largest movements
Assets
- Receivables after one year +€36,000
up €36,000 (+4.1%), from €874,000 to €910,000
- Tangible fixed assets -€33,783
down €33,783 (-2.8%), from €1.2m to €1.2m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€2,707
up €2,707 (+9.5%), from €28,507 to €31,214
- Taxes +€1,967
up €1,967 (+37.4%), from €5,260 to €7,227
- Financial income +€1,317
up €1,317 (+3.8%), from €34,799 to €36,116
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
€17,155
Gross operating margin
+€2,707
Depreciation
+€0
Other operating charges
-€28
Financial income
+€1,317
Financial charges
+€110
Taxes
-€1,967
Result 2025
€19,293
raises the resultlowers the result
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
+€17,478
Investment
€0
Financing
-€6,361
Cash 2024
€4,402
From operations (derived)
+€17,478
Net result for the year
+€19,293
Depreciation
+€33,783
Receivables after one year
-€36,000
Receivables within one year
-€1,028
Deferred charges and accrued income
-€114
Trade debts
-€443
Tax, wage and social debts
+€1,967
Other debts
+€20
Financing
-€6,361
Debts after one year
-€6,483
Current portion of long-term debt
+€122
Cash 2025
€15,518
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,120,336 | €2,134,812 | +€14,475 | +0.7% |
| Fixed assets | 21/28 | €1,212,898 | €1,179,115 | -€33,783 | -2.8% |
| Tangible fixed assets | 22/27 | €1,212,898 | €1,179,115 | -€33,783 | -2.8% |
| Land and buildings | 22 | €1,212,898 | €1,179,115 | -€33,783 | -2.8% |
| Current assets | 29/58 | €907,438 | €955,697 | +€48,258 | +5.3% |
| Amounts receivable after more than one year | 29 | €874,000 | €910,000 | +€36,000 | +4.1% |
| Other amounts receivable | 291 | €874,000 | €910,000 | +€36,000 | +4.1% |
| Amounts receivable within one year | 40/41 | €26,197 | €27,225 | +€1,028 | +3.9% |
| Other amounts receivable | 41 | €26,197 | €27,225 | +€1,028 | +3.9% |
| Cash at bank and in hand | 54/58 | €4,402 | €15,518 | +€11,116 | +253% |
| Deferred charges and accrued income | 490/1 | €2,839 | €2,954 | +€114 | +4.0% |
| Total equity and liabilities | 10/49 | €2,120,336 | €2,134,812 | +€14,475 | +0.7% |
| Equity | 10/15 | €2,098,064 | €2,117,357 | +€19,293 | +0.9% |
| Contributions | 10/11 | €2,025,250 | €2,025,250 | = | 0.0% |
| Capital | 10 | €2,025,250 | €2,025,250 | = | 0.0% |
| Issued capital | 100 | €2,025,250 | €2,025,250 | = | 0.0% |
| Reserves | 13 | €72,814 | €92,107 | +€19,293 | +26.5% |
| Non-distributable reserves | 130/1 | €5,524 | €6,488 | +€965 | +17.5% |
| Legal reserve | 130 | €5,524 | €6,488 | +€965 | +17.5% |
| Distributable reserves | 133 | €67,291 | €85,619 | +€18,328 | +27.2% |
| Amounts payable | 17/49 | €22,272 | €17,454 | -€4,818 | -21.6% |
| Amounts payable after more than one year | 17 | €8,672 | €2,189 | -€6,483 | -74.8% |
| Financial debts | 170/4 | €8,672 | €2,189 | -€6,483 | -74.8% |
| Amounts payable within one year | 42/48 | €13,600 | €15,265 | +€1,666 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €6,361 | €6,483 | +€122 | +1.9% |
| Trade debts | 44 | €1,904 | €1,460 | -€443 | -23.3% |
| Suppliers | 440/4 | €1,904 | €1,460 | -€443 | -23.3% |
| Taxes, remuneration and social security | 45 | €5,260 | €7,227 | +€1,967 | +37.4% |
| Taxes | 450/3 | €5,260 | €7,227 | +€1,967 | +37.4% |
| Other amounts payable | 47/48 | €75 | €95 | +€20 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,783 | €33,783 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,583 | €6,611 | +€28 | +0.4% |
| Gross operating margin | 9900 | €28,507 | €31,214 | +€2,707 | +9.5% |
| Operating profit (loss) | 9901 | -€11,858 | -€9,180 | +€2,678 | +22.6% |
| Financial income | 75/76B | €34,799 | €36,116 | +€1,317 | +3.8% |
| Recurring financial income | 75 | €34,799 | €36,116 | +€1,317 | +3.8% |
| Financial charges | 65/66B | €527 | €416 | -€110 | -20.9% |
| Recurring financial charges | 65 | €527 | €416 | -€110 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €22,414 | €26,520 | +€4,105 | +18.3% |
| Income taxes | 67/77 | €5,260 | €7,227 | +€1,967 | +37.4% |
| Profit (loss) for the period | 9904 | €17,155 | €19,293 | +€2,138 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,155 | €19,293 | +€2,138 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.