JeQu-invest: 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.
JeQu-invest
Largest movements
- Tangible fixed assets -€123,419
down €123,419 (-87.2%), from €141,554 to €18,136
of which Land and buildings: -€113,000
- Deferred charges and accrued income +€85,692
up €85,692 (+526%), from €16,296 to €101,988
- Receivables within one year -€55,926
down €55,926 (-35.7%), from €156,626 to €100,700
of which Trade receivables: -€41,218
- Cash +€26,543
up €26,543 (+35.3%), from €75,158 to €101,701
mainly Investment in fixed assets (net) (+€113,000) and Receivables within one year (+€55,926)
- Debts after one year -€117,897
down €117,897 (-23.0%), from €513,033 to €395,137
- Reserves +€38,290
up €38,290 (+24.0%), from €159,695 to €197,985
- Gross operating margin +€124,179
up €124,179 (+625%), from €19,860 to €144,039
- Taxes +€18,469
up €18,469 (+6,276%), from €294 to €18,763
- Financial charges +€17,703
up €17,703 (+117%), from €15,094 to €32,796
of which Financial charges: +€17,753
- Write-downs +€8,271
new in 2025: €8,271
- Other operating charges -€7,279
down €7,279 (-74.4%), from €9,789 to €2,510
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,635 | €837,525 | -€67,110 | -7.4% |
| Fixed assets | 21/28 | €656,554 | €533,136 | -€123,419 | -18.8% |
| Tangible fixed assets | 22/27 | €141,554 | €18,136 | -€123,419 | -87.2% |
| Land and buildings | 22 | €113,000 | €0 | -€113,000 | -100% |
| Furniture and vehicles | 24 | €20,673 | €11,355 | -€9,318 | -45.1% |
| Other tangible fixed assets | 26 | €7,881 | €6,781 | -€1,100 | -14.0% |
| Financial fixed assets | 28 | €515,000 | €515,000 | = | 0.0% |
| Current assets | 29/58 | €248,081 | €304,389 | +€56,308 | +22.7% |
| Amounts receivable within one year | 40/41 | €156,626 | €100,700 | -€55,926 | -35.7% |
| Trade receivables | 40 | €128,338 | €87,120 | -€41,218 | -32.1% |
| Other amounts receivable | 41 | €28,288 | €13,580 | -€14,708 | -52.0% |
| Cash at bank and in hand | 54/58 | €75,158 | €101,701 | +€26,543 | +35.3% |
| Deferred charges and accrued income | 490/1 | €16,296 | €101,988 | +€85,692 | +526% |
| Total equity and liabilities | 10/49 | €904,635 | €837,525 | -€67,110 | -7.4% |
| Equity | 10/15 | €165,895 | €204,185 | +€38,290 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,695 | €197,985 | +€38,290 | +24.0% |
| Distributable reserves | 133 | €159,695 | €197,985 | +€38,290 | +24.0% |
| Amounts payable | 17/49 | €738,740 | €633,340 | -€105,400 | -14.3% |
| Amounts payable after more than one year | 17 | €513,033 | €395,137 | -€117,897 | -23.0% |
| Financial debts | 170/4 | €513,033 | €395,137 | -€117,897 | -23.0% |
| Amounts payable within one year | 42/48 | €217,381 | €224,150 | +€6,769 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €81,677 | €73,516 | -€8,161 | -10.0% |
| Trade debts | 44 | €1,703 | €87 | -€1,616 | -94.9% |
| Suppliers | 440/4 | €1,703 | €87 | -€1,616 | -94.9% |
| Taxes, remuneration and social security | 45 | €6,906 | €14,649 | +€7,743 | +112% |
| Taxes | 450/3 | €6,906 | €14,649 | +€7,743 | +112% |
| Other amounts payable | 47/48 | €127,094 | €135,898 | +€8,804 | +6.9% |
| Accrued charges and deferred income | 492/3 | €8,326 | €14,054 | +€5,728 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,294 | €10,419 | -€876 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,271 | +€8,271 | |
| Other operating charges | 640/8 | €9,789 | €2,510 | -€7,279 | -74.4% |
| Non-recurring operating charges | 66A | - | €33,000 | +€33,000 | |
| Gross operating margin | 9900 | €19,860 | €144,039 | +€124,179 | +625% |
| Operating profit (loss) | 9901 | -€1,223 | €89,839 | +€91,062 | |
| Financial income | 75/76B | €6 | €10 | +€4 | +57.0% |
| Recurring financial income | 75 | €6 | €10 | +€4 | +57.0% |
| Financial charges | 65/66B | €15,094 | €32,796 | +€17,703 | +117% |
| Recurring financial charges | 65 | €15,044 | €32,796 | +€17,753 | +118% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€16,310 | €57,053 | +€73,363 | |
| Income taxes | 67/77 | €294 | €18,763 | +€18,469 | +6,276% |
| Profit (loss) for the period | 9904 | -€16,604 | €38,290 | +€54,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,604 | €38,290 | +€54,894 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.