Jes Vastgoed: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Jes Vastgoed
Largest movements
- Tangible fixed assets +€745,684
up €745,684 (+120%), from €621,376 to €1.4m
of which Land and buildings: +€909,987
- Cash +€168,007
up €168,007 (+4,877%), from €3,445 to €171,452
mainly Debts after one year (+€536,896) and Net result for the year (+€419,162)
- Receivables within one year +€48,092
up €48,092 (+218%), from €22,025 to €70,118
of which Trade receivables: +€35,297
- Debts after one year +€536,896
up €536,896 (+161%), from €333,635 to €870,531
- Reserves +€413,171
up €413,171 (+336%), from €122,963 to €536,134
of which Tax-exempt reserves: +€283,825
- Provisions +€94,608
new in 2025: €94,608
- Short-term financial debts -€54,413
down €54,413 (-100%), from €54,413 to €0
- Tax, wage and social debts +€45,434
up €45,434 (+149%), from €30,578 to €76,012
of which Taxes: +€33,999
- Gross operating margin +€562,912
up €562,912 (+201%), from €279,894 to €842,805
- Taxes +€59,847
up €59,847 (+3,487%), from €1,716 to €61,564
- Staff costs -€22,784
down €22,784 (-10.3%), from €220,773 to €197,990
- Financial charges +€17,716
up €17,716 (+109%), from €16,323 to €34,039
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,132 | €1,619,153 | +€959,020 | +145% |
| Fixed assets | 21/28 | €628,216 | €1,373,900 | +€745,684 | +119% |
| Tangible fixed assets | 22/27 | €621,376 | €1,367,060 | +€745,684 | +120% |
| Land and buildings | 22 | €427,742 | €1,337,730 | +€909,987 | +213% |
| Plant, machinery and equipment | 23 | €558 | €5,229 | +€4,671 | +837% |
| Furniture and vehicles | 24 | €26,313 | €24,102 | -€2,211 | -8.4% |
| Other tangible fixed assets | 26 | €166,764 | €0 | -€166,764 | -100% |
| Financial fixed assets | 28 | €6,840 | €6,840 | = | 0.0% |
| Current assets | 29/58 | €31,916 | €245,253 | +€213,337 | +668% |
| Amounts receivable within one year | 40/41 | €22,025 | €70,118 | +€48,092 | +218% |
| Trade receivables | 40 | €8,516 | €43,813 | +€35,297 | +414% |
| Other amounts receivable | 41 | €13,510 | €26,305 | +€12,795 | +94.7% |
| Cash at bank and in hand | 54/58 | €3,445 | €171,452 | +€168,007 | +4,877% |
| Deferred charges and accrued income | 490/1 | €6,446 | €3,683 | -€2,763 | -42.9% |
| Total equity and liabilities | 10/49 | €660,132 | €1,619,153 | +€959,020 | +145% |
| Equity | 10/15 | €129,371 | €548,534 | +€419,162 | +324% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,963 | €536,134 | +€413,171 | +336% |
| Tax-exempt reserves | 132 | - | €283,825 | +€283,825 | |
| Distributable reserves | 133 | €122,963 | €252,309 | +€129,346 | +105% |
| Profit (loss) carried forward | 14 | -€5,991 | €0 | +€5,991 | |
| Provisions and deferred taxes | 16 | - | €94,608 | +€94,608 | |
| Deferred taxes | 168 | - | €94,608 | +€94,608 | |
| Amounts payable | 17/49 | €530,761 | €976,011 | +€445,250 | +83.9% |
| Amounts payable after more than one year | 17 | €333,635 | €870,531 | +€536,896 | +161% |
| Financial debts | 170/4 | €333,635 | €870,531 | +€536,896 | +161% |
| Amounts payable within one year | 42/48 | €197,126 | €105,480 | -€91,647 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €56,829 | €28,845 | -€27,984 | -49.2% |
| Financial debts | 43 | €54,413 | €0 | -€54,413 | -100% |
| Credit institutions | 430/8 | €54,413 | €0 | -€54,413 | -100% |
| Trade debts | 44 | €23,300 | €623 | -€22,678 | -97.3% |
| Suppliers | 440/4 | €23,300 | €623 | -€22,678 | -97.3% |
| Taxes, remuneration and social security | 45 | €30,578 | €76,012 | +€45,434 | +149% |
| Taxes | 450/3 | €27,030 | €61,029 | +€33,999 | +126% |
| Remuneration and social security | 454/9 | €3,549 | €14,983 | +€11,434 | +322% |
| Other amounts payable | 47/48 | €32,006 | €0 | -€32,006 | -100% |
| Remuneration, social security and pensions | 62 | €220,773 | €197,990 | -€22,784 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,682 | €30,524 | -€7,158 | -19.0% |
| Other operating charges | 640/8 | €9,391 | €5,005 | -€4,386 | -46.7% |
| Gross operating margin | 9900 | €279,894 | €842,805 | +€562,912 | +201% |
| Operating profit (loss) | 9901 | €12,048 | €609,287 | +€597,238 | +4,957% |
| Financial income | 75/76B | €0 | €87 | +€87 | +145,017% |
| Recurring financial income | 75 | €0 | €87 | +€87 | +145,017% |
| Financial charges | 65/66B | €16,323 | €34,039 | +€17,716 | +109% |
| Recurring financial charges | 65 | €16,323 | €34,039 | +€17,716 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€4,275 | €575,335 | +€579,609 | |
| Transfer from deferred taxes | 780 | - | €1,037 | +€1,037 | |
| Transfer to deferred taxes | 680 | - | €95,646 | +€95,646 | |
| Income taxes | 67/77 | €1,716 | €61,564 | +€59,847 | +3,487% |
| Profit (loss) for the period | 9904 | -€5,991 | €419,162 | +€425,154 | |
| Transfer from tax-exempt reserves | 789 | - | €3,112 | +€3,112 | |
| Transfer to tax-exempt reserves | 689 | - | €286,937 | +€286,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,991 | €135,338 | +€141,329 |
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 1 November 2026 via checked.be.