JAZI: what changed
What changed
JAZI
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€68,433
2024 · €88,755-€20,322
Equity
€393,602
2024 · €325,169+€68,433
Cash
€36,462
2024 · €8,729+€27,733
Balance sheet total
€613,473
2024 · €585,425+€28,048
Largest movements
Assets
- Tangible fixed assets -€33,243
down €33,243 (-9.2%), from €360,660 to €327,417
of which Land and buildings: -€21,682
- Receivables within one year +€32,380
up €32,380 (+15.1%), from €213,811 to €246,190
of which Other amounts receivable: +€32,758
- Cash +€27,733
up €27,733 (+318%), from €8,729 to €36,462
mainly Net result for the year (+€68,433) and Depreciation (+€34,411)
Equity and liabilities
- Reserves +€68,339
up €68,339 (+22.3%), from €306,134 to €374,473
of which Distributable reserves: +€75,600
- Debts after one year -€16,724
down €16,724 (-9.5%), from €175,688 to €158,964
- Tax, wage and social debts -€13,257
down €13,257 (-96.3%), from €13,764 to €507
of which Taxes: -€12,464
Income statement
- Gross operating margin -€23,540
down €23,540 (-14.0%), from €168,499 to €144,960
- Taxes -€2,504
down €2,504 (-7.6%), from €33,025 to €30,521
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
€88,755
Gross operating margin
-€23,540
Staff costs
+€1,354
Depreciation
-€389
Other operating charges
-€1,197
Financial income
+€106
Financial charges
+€840
Taxes
+€2,504
Result 2025
€68,433
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
+€47,243
Investment
-€2,168
Financing
-€17,342
Cash 2024
€8,729
From operations (derived)
+€47,243
Net result for the year
+€68,433
Depreciation
+€34,411
Receivables within one year
-€32,380
Deferred charges and accrued income
-€179
Provisions
-€2,420
Trade debts
-€1,308
Tax, wage and social debts
-€13,257
Other debts
-€6,045
Accrued charges and deferred income
-€14
Investment (derived)
-€2,168
Investment in fixed assets (net)
-€1,168
Current investments
-€1,000
Financing
-€17,342
Debts after one year
-€16,724
Current portion of long-term debt
-€618
Cash 2025
€36,462
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,425 | €613,473 | +€28,048 | +4.8% |
| Fixed assets | 21/28 | €360,660 | €327,417 | -€33,243 | -9.2% |
| Tangible fixed assets | 22/27 | €360,660 | €327,417 | -€33,243 | -9.2% |
| Land and buildings | 22 | €312,638 | €290,956 | -€21,682 | -6.9% |
| Plant, machinery and equipment | 23 | €5,371 | €4,503 | -€868 | -16.2% |
| Furniture and vehicles | 24 | - | €779 | +€779 | |
| Leasing and similar rights | 25 | €42,651 | €31,179 | -€11,472 | -26.9% |
| Current assets | 29/58 | €224,765 | €286,056 | +€61,292 | +27.3% |
| Amounts receivable within one year | 40/41 | €213,811 | €246,190 | +€32,380 | +15.1% |
| Trade receivables | 40 | €1,378 | €1,000 | -€378 | -27.4% |
| Other amounts receivable | 41 | €212,433 | €245,191 | +€32,758 | +15.4% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €8,729 | €36,462 | +€27,733 | +318% |
| Deferred charges and accrued income | 490/1 | €2,225 | €2,404 | +€179 | +8.0% |
| Total equity and liabilities | 10/49 | €585,425 | €613,473 | +€28,048 | +4.8% |
| Equity | 10/15 | €325,169 | €393,602 | +€68,433 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €306,134 | €374,473 | +€68,339 | +22.3% |
| Non-distributable reserves | 130/1 | €8,430 | €8,430 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,430 | €8,430 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,704 | €97,443 | -€7,261 | -6.9% |
| Distributable reserves | 133 | €193,000 | €268,600 | +€75,600 | +39.2% |
| Profit (loss) carried forward | 14 | €435 | €529 | +€94 | +21.6% |
| Provisions and deferred taxes | 16 | €34,901 | €32,481 | -€2,420 | -6.9% |
| Deferred taxes | 168 | €34,901 | €32,481 | -€2,420 | -6.9% |
| Amounts payable | 17/49 | €225,354 | €187,390 | -€37,964 | -16.8% |
| Amounts payable after more than one year | 17 | €175,688 | €158,964 | -€16,724 | -9.5% |
| Financial debts | 170/4 | €175,688 | €158,964 | -€16,724 | -9.5% |
| Amounts payable within one year | 42/48 | €49,437 | €28,210 | -€21,227 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €18,117 | €17,499 | -€618 | -3.4% |
| Trade debts | 44 | €1,511 | €204 | -€1,308 | -86.5% |
| Suppliers | 440/4 | €1,511 | €204 | -€1,308 | -86.5% |
| Taxes, remuneration and social security | 45 | €13,764 | €507 | -€13,257 | -96.3% |
| Taxes | 450/3 | €12,971 | €507 | -€12,464 | -96.1% |
| Remuneration and social security | 454/9 | €793 | - | -€793 | |
| Other amounts payable | 47/48 | €16,045 | €10,000 | -€6,045 | -37.7% |
| Accrued charges and deferred income | 492/3 | €229 | €215 | -€14 | -5.9% |
| Remuneration, social security and pensions | 62 | €2,961 | €1,606 | -€1,354 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,022 | €34,411 | +€389 | +1.1% |
| Other operating charges | 640/8 | €6,990 | €8,187 | +€1,197 | +17.1% |
| Gross operating margin | 9900 | €168,499 | €144,960 | -€23,540 | -14.0% |
| Operating profit (loss) | 9901 | €124,527 | €100,755 | -€23,772 | -19.1% |
| Financial income | 75/76B | €152 | €258 | +€106 | +69.7% |
| Recurring financial income | 75 | €152 | €258 | +€106 | +69.7% |
| Financial charges | 65/66B | €5,320 | €4,480 | -€840 | -15.8% |
| Recurring financial charges | 65 | €5,320 | €4,480 | -€840 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €119,360 | €96,534 | -€22,826 | -19.1% |
| Transfer from deferred taxes | 780 | €2,420 | €2,420 | = | 0.0% |
| Income taxes | 67/77 | €33,025 | €30,521 | -€2,504 | -7.6% |
| Profit (loss) for the period | 9904 | €88,755 | €68,433 | -€20,322 | -22.9% |
| Transfer from tax-exempt reserves | 789 | €7,261 | €7,261 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,016 | €75,694 | -€20,322 | -21.2% |
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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 2 November 2026 via checked.be.