JINVESCO: 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.
JINVESCO
Largest movements
- Tangible fixed assets +€51,253
up €51,253 (+19.1%), from €269,028 to €320,281
of which Furniture and vehicles: +€64,539
- Receivables within one year +€14,611
up €14,611 (+34.5%), from €42,394 to €57,005
of which Trade receivables: +€15,328
- Other debts +€101,910
up €101,910 (+150%), from €67,852 to €169,761
- Debts after one year -€30,774
down €30,774 (-19.6%), from €157,147 to €126,373
- Reserves +€16,100
up €16,100 (+2.0%), from €815,550 to €831,650
- Tax, wage and social debts -€12,674
down €12,674 (-35.8%), from €35,418 to €22,744
- Financial charges -€6,518
down €6,518 (-41.0%), from €15,889 to €9,371
- Depreciation -€4,509
down €4,509 (-23.1%), from €19,495 to €14,987
- Other operating charges -€3,530
down €3,530 (-37.5%), from €9,408 to €5,878
- Taxes +€3,245
up €3,245 (+10.0%), from €32,613 to €35,858
- Financial income -€1,476
down €1,476 (-23.9%), from €6,183 to €4,708
of which Non-recurring financial income: -€3,547
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 | €1,151,626 | €1,215,175 | +€63,549 | +5.5% |
| Fixed assets | 21/28 | €1,097,160 | €1,148,413 | +€51,253 | +4.7% |
| Tangible fixed assets | 22/27 | €269,028 | €320,281 | +€51,253 | +19.1% |
| Land and buildings | 22 | €216,644 | €207,044 | -€9,600 | -4.4% |
| Furniture and vehicles | 24 | €17,471 | €82,010 | +€64,539 | +369% |
| Other tangible fixed assets | 26 | €34,913 | €31,227 | -€3,686 | -10.6% |
| Financial fixed assets | 28 | €828,132 | €828,132 | = | 0.0% |
| Current assets | 29/58 | €54,466 | €66,762 | +€12,296 | +22.6% |
| Amounts receivable within one year | 40/41 | €42,394 | €57,005 | +€14,611 | +34.5% |
| Trade receivables | 40 | €41,296 | €56,624 | +€15,328 | +37.1% |
| Other amounts receivable | 41 | €1,098 | €381 | -€716 | -65.3% |
| Cash at bank and in hand | 54/58 | €10,879 | €6,986 | -€3,893 | -35.8% |
| Deferred charges and accrued income | 490/1 | €1,193 | €2,771 | +€1,578 | +132% |
| Total equity and liabilities | 10/49 | €1,151,626 | €1,215,175 | +€63,549 | +5.5% |
| Equity | 10/15 | €847,266 | €863,393 | +€16,127 | +1.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €815,550 | €831,650 | +€16,100 | +2.0% |
| Distributable reserves | 133 | €815,550 | €831,650 | +€16,100 | +2.0% |
| Profit (loss) carried forward | 14 | €9,716 | €9,743 | +€27 | +0.3% |
| Amounts payable | 17/49 | €304,359 | €351,782 | +€47,423 | +15.6% |
| Amounts payable after more than one year | 17 | €157,147 | €126,373 | -€30,774 | -19.6% |
| Financial debts | 170/4 | €157,147 | €126,373 | -€30,774 | -19.6% |
| Amounts payable within one year | 42/48 | €139,719 | €223,109 | +€83,390 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €36,450 | €30,604 | -€5,846 | -16.0% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €35,418 | €22,744 | -€12,674 | -35.8% |
| Taxes | 450/3 | €35,418 | €22,744 | -€12,674 | -35.8% |
| Other amounts payable | 47/48 | €67,852 | €169,761 | +€101,910 | +150% |
| Accrued charges and deferred income | 492/3 | €7,494 | €2,300 | -€5,194 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,495 | €14,987 | -€4,509 | -23.1% |
| Other operating charges | 640/8 | €9,408 | €5,878 | -€3,530 | -37.5% |
| Non-recurring operating charges | 66A | - | €2,769 | +€2,769 | |
| Gross operating margin | 9900 | €135,103 | €135,582 | +€479 | +0.4% |
| Operating profit (loss) | 9901 | €106,200 | €111,948 | +€5,748 | +5.4% |
| Financial income | 75/76B | €6,183 | €4,708 | -€1,476 | -23.9% |
| Recurring financial income | 75 | €2,636 | €4,708 | +€2,071 | +78.6% |
| Non-recurring financial income | 76B | €3,547 | - | -€3,547 | |
| Financial charges | 65/66B | €15,889 | €9,371 | -€6,518 | -41.0% |
| Recurring financial charges | 65 | €15,889 | €9,371 | -€6,518 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €96,494 | €107,285 | +€10,790 | +11.2% |
| Income taxes | 67/77 | €32,613 | €35,858 | +€3,245 | +10.0% |
| Profit (loss) for the period | 9904 | €63,882 | €71,427 | +€7,545 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,882 | €71,427 | +€7,545 | +11.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.