JH Invest: what changed
What changed
JH Invest
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€106,018
2024 · -€560,586+€454,568
Equity
€1.5m
2024 · €1.7m-€106,018
Cash
€79,084
2024 · €79,903-€819
Balance sheet total
€8.8m
2024 · €7.9m+€881,827
Largest movements
Assets
- Tangible fixed assets +€949,623
up €949,623 (+12.4%), from €7.7m to €8.6m
of which Land and buildings: +€952,772
Equity and liabilities
- Debts after one year +€896,718
up €896,718 (+14.9%), from €6.0m to €6.9m
- Profit (loss) carried forward -€104,610
new in 2025: -€104,610
Income statement
- Depreciation -€387,444
down €387,444 (-54.9%), from €706,357 to €318,912
- Gross operating margin +€198,750
up €198,750 (+89.6%), from €221,871 to €420,621
- Financial charges +€120,793
up €120,793 (+261%), from €46,360 to €167,153
- Other operating charges +€9,898
up €9,898 (+29.3%), from €33,825 to €43,723
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
-€560,586
Gross operating margin
+€198,750
Depreciation
+€387,444
Other operating charges
-€9,898
Financial income
-€935
Financial charges
-€120,793
Result 2025
-€106,018
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
+€344,108
Investment
-€1.3m
Financing
+€923,608
Cash 2024
€79,903
From operations (derived)
+€344,108
Net result for the year
-€106,018
Depreciation
+€318,912
Receivables after one year
+€66,597
Smaller working-capital items
-€196
Trade debts
+€7,338
Other debts
+€82,416
Accrued charges and deferred income
-€24,942
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€923,608
Debts after one year
+€896,718
Current portion of long-term debt
+€26,890
Cash 2025
€79,084
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,910,125 | €8,791,952 | +€881,827 | +11.1% |
| Fixed assets | 21/28 | €7,665,377 | €8,614,999 | +€949,623 | +12.4% |
| Tangible fixed assets | 22/27 | €7,665,377 | €8,614,999 | +€949,623 | +12.4% |
| Land and buildings | 22 | €7,653,212 | €8,605,984 | +€952,772 | +12.4% |
| Plant, machinery and equipment | 23 | €7,894 | €5,745 | -€2,149 | -27.2% |
| Furniture and vehicles | 24 | €4,270 | €3,270 | -€1,000 | -23.4% |
| Current assets | 29/58 | €244,749 | €176,953 | -€67,796 | -27.7% |
| Amounts receivable after more than one year | 29 | €154,948 | €88,350 | -€66,597 | -43.0% |
| Other amounts receivable | 291 | €154,948 | €88,350 | -€66,597 | -43.0% |
| Amounts receivable within one year | 40/41 | €9,898 | €9,519 | -€379 | -3.8% |
| Trade receivables | 40 | €194 | €194 | = | 0.0% |
| Other amounts receivable | 41 | €9,704 | €9,325 | -€379 | -3.9% |
| Cash at bank and in hand | 54/58 | €79,903 | €79,084 | -€819 | -1.0% |
| Total equity and liabilities | 10/49 | €7,910,125 | €8,791,952 | +€881,827 | +11.1% |
| Equity | 10/15 | €1,654,271 | €1,548,253 | -€106,018 | -6.4% |
| Contributions | 10/11 | €1,525,000 | €1,525,000 | = | 0.0% |
| Reserves | 13 | €129,271 | €127,864 | -€1,407 | -1.1% |
| Tax-exempt reserves | 132 | €22,591 | €21,184 | -€1,407 | -6.2% |
| Distributable reserves | 133 | €106,680 | €106,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€104,610 | -€104,610 | |
| Provisions and deferred taxes | 16 | €4,731 | €4,156 | -€575 | -12.2% |
| Deferred taxes | 168 | €4,731 | €4,156 | -€575 | -12.2% |
| Amounts payable | 17/49 | €6,251,123 | €7,239,543 | +€988,420 | +15.8% |
| Amounts payable after more than one year | 17 | €6,005,803 | €6,902,521 | +€896,718 | +14.9% |
| Financial debts | 170/4 | €6,005,803 | €6,902,521 | +€896,718 | +14.9% |
| Amounts payable within one year | 42/48 | €199,288 | €315,932 | +€116,644 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €192,537 | €219,427 | +€26,890 | +14.0% |
| Trade debts | 44 | €2,216 | €9,554 | +€7,338 | +331% |
| Suppliers | 440/4 | €2,216 | €9,554 | +€7,338 | +331% |
| Other amounts payable | 47/48 | €4,535 | €86,951 | +€82,416 | +1,817% |
| Accrued charges and deferred income | 492/3 | €46,032 | €21,090 | -€24,942 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706,357 | €318,912 | -€387,444 | -54.9% |
| Other operating charges | 640/8 | €33,825 | €43,723 | +€9,898 | +29.3% |
| Gross operating margin | 9900 | €221,871 | €420,621 | +€198,750 | +89.6% |
| Operating profit (loss) | 9901 | -€518,311 | €57,985 | +€576,296 | |
| Financial income | 75/76B | €3,511 | €2,576 | -€935 | -26.6% |
| Recurring financial income | 75 | €3,511 | €2,576 | -€935 | -26.6% |
| Financial charges | 65/66B | €46,360 | €167,153 | +€120,793 | +261% |
| Recurring financial charges | 65 | €46,360 | €167,153 | +€120,793 | +261% |
| Profit (loss) for the period before taxes | 9903 | -€561,161 | -€106,593 | +€454,568 | +81.0% |
| Transfer from deferred taxes | 780 | €575 | €575 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€560,586 | -€106,018 | +€454,568 | +81.1% |
| Transfer from tax-exempt reserves | 789 | €1,407 | €1,407 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€559,179 | -€104,610 | +€454,568 | +81.3% |
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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 8 November 2026 via checked.be.