JDF Invest: what changed
What changed
JDF Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€432,832
2024 · €416,534+€16,297
Equity
€1.1m
2024 · €1.2m-€81,508
Cash
€301,071
2024 · €44,821+€256,250
Balance sheet total
€4.4m
2024 · €4.2m+€142,649
Largest movements
Assets
- Cash +€256,250
up €256,250 (+572%), from €44,821 to €301,071
mainly Net result for the year (+€432,832) and Other debts (+€383,914)
- Tangible fixed assets -€155,362
down €155,362 (-4.4%), from €3.5m to €3.3m
Equity and liabilities
- Other debts +€383,914
up €383,914 (+231%), from €166,036 to €549,950
- Debts after one year -€262,898
down €262,898 (-10.4%), from €2.5m to €2.3m
of which Financial debts: -€262,898
- Short-term financial debts +€101,774
up €101,774, from €0 to €101,774
- Reserves -€81,508
down €81,508 (-7.0%), from €1.2m to €1.1m
of which Distributable reserves: -€81,508
Income statement
- Gross operating margin +€68,923
up €68,923 (+11.3%), from €611,126 to €680,049
- Financial income -€32,920
down €32,920 (-19.0%), from €172,820 to €139,900
- Taxes +€31,986
up €31,986 (+27.3%), from €117,180 to €149,166
- Depreciation -€11,974
down €11,974 (-7.2%), from €167,336 to €155,362
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
€416,534
Gross operating margin
+€68,923
Depreciation
+€11,974
Other operating charges
+€159
Financial income
-€32,920
Financial charges
+€147
Taxes
-€31,986
Result 2025
€432,832
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
+€907,085
Investment
€0
Financing
-€650,835
Cash 2024
€44,821
From operations (derived)
+€907,085
Net result for the year
+€432,832
Depreciation
+€155,362
Receivables within one year
-€37,359
Deferred charges and accrued income
-€4,402
Trade debts
-€29,156
Tax, wage and social debts
-€4,977
Other debts
+€383,914
Accrued charges and deferred income
+€10,870
Financing
-€650,835
Debts after one year
-€262,898
Current portion of long-term debt
+€24,630
Short-term financial debts
+€101,774
Contributions, distributions and other
-€514,340
Cash 2025
€301,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,237,542 | €4,380,191 | +€142,649 | +3.4% |
| Fixed assets | 21/28 | €4,190,565 | €4,035,203 | -€155,362 | -3.7% |
| Tangible fixed assets | 22/27 | €3,491,432 | €3,336,070 | -€155,362 | -4.4% |
| Land and buildings | 22 | €3,491,432 | €3,336,070 | -€155,362 | -4.4% |
| Financial fixed assets | 28 | €699,133 | €699,133 | = | 0.0% |
| Current assets | 29/58 | €46,977 | €344,988 | +€298,011 | +634% |
| Amounts receivable within one year | 40/41 | €0 | €37,359 | +€37,359 | |
| Trade receivables | 40 | €0 | €4,013 | +€4,013 | |
| Other amounts receivable | 41 | - | €33,345 | +€33,345 | |
| Cash at bank and in hand | 54/58 | €44,821 | €301,071 | +€256,250 | +572% |
| Deferred charges and accrued income | 490/1 | €2,156 | €6,558 | +€4,402 | +204% |
| Total equity and liabilities | 10/49 | €4,237,542 | €4,380,191 | +€142,649 | +3.4% |
| Equity | 10/15 | €1,217,503 | €1,135,995 | -€81,508 | -6.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €1,162,503 | €1,080,995 | -€81,508 | -7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,162,503 | €1,080,995 | -€81,508 | -7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,020,039 | €3,244,195 | +€224,156 | +7.4% |
| Amounts payable after more than one year | 17 | €2,536,947 | €2,274,049 | -€262,898 | -10.4% |
| Financial debts | 170/4 | €2,532,285 | €2,269,386 | -€262,898 | -10.4% |
| Other amounts payable | 178/9 | €4,662 | €4,662 | = | 0.0% |
| Amounts payable within one year | 42/48 | €468,838 | €945,022 | +€476,185 | +102% |
| Current portion of amounts payable after more than one year | 42 | €245,719 | €270,349 | +€24,630 | +10.0% |
| Financial debts | 43 | €0 | €101,774 | +€101,774 | |
| Credit institutions | 430/8 | €0 | €101,774 | +€101,774 | |
| Trade debts | 44 | €41,183 | €12,027 | -€29,156 | -70.8% |
| Suppliers | 440/4 | €41,183 | €12,027 | -€29,156 | -70.8% |
| Taxes, remuneration and social security | 45 | €15,900 | €10,923 | -€4,977 | -31.3% |
| Taxes | 450/3 | €15,900 | €10,923 | -€4,977 | -31.3% |
| Other amounts payable | 47/48 | €166,036 | €549,950 | +€383,914 | +231% |
| Accrued charges and deferred income | 492/3 | €14,254 | €25,124 | +€10,870 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,336 | €155,362 | -€11,974 | -7.2% |
| Other operating charges | 640/8 | €24,059 | €23,900 | -€159 | -0.7% |
| Gross operating margin | 9900 | €611,126 | €680,049 | +€68,923 | +11.3% |
| Operating profit (loss) | 9901 | €419,731 | €500,788 | +€81,056 | +19.3% |
| Financial income | 75/76B | €172,820 | €139,900 | -€32,920 | -19.0% |
| Recurring financial income | 75 | €172,820 | €139,900 | -€32,920 | -19.0% |
| Financial charges | 65/66B | €58,837 | €58,690 | -€147 | -0.2% |
| Recurring financial charges | 65 | €58,837 | €58,690 | -€147 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €533,715 | €581,998 | +€48,283 | +9.0% |
| Income taxes | 67/77 | €117,180 | €149,166 | +€31,986 | +27.3% |
| Profit (loss) for the period | 9904 | €416,534 | €432,832 | +€16,297 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €416,534 | €432,832 | +€16,297 | +3.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.