JIPATRIM: 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.
What changed
JIPATRIM
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€43,504
2024 · -€112,044+€68,540
Equity
€3.7m
2024 · €3.7m-€12,352
Cash
€12,091
2024 · €29,012-€16,921
Balance sheet total
€3.9m
2024 · €4.0m-€121,417
Largest movements
Assets
- Current investments -€275,000
down €275,000 (-89.6%), from €307,000 to €32,000
- Receivables within one year +€251,435
up €251,435 (+9.8%), from €2.6m to €2.8m
of which Other amounts receivable: +€261,479
- Tangible fixed assets -€79,313
down €79,313 (-7.9%), from €1.0m to €922,558
of which Land and buildings: -€97,749
Equity and liabilities
- Provisions -€67,953
down €67,953 (-33.8%), from €201,196 to €133,242
Income statement
- Gross operating margin +€28,911
up €28,911 (+826%), from €3,500 to €32,412
- Depreciation -€17,874
down €17,874 (-14.2%), from €126,149 to €108,275
- Financial income -€12,620
down €12,620 (-84.9%), from €14,869 to €2,249
- Financial charges -€12,095
down €12,095 (-98.6%), from €12,262 to €166
- Other operating charges +€1,097
up €1,097 (+20.4%), from €5,388 to €6,484
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.
Result 2024
-€112,044
Gross operating margin
+€28,911
Depreciation
+€17,874
Other operating charges
-€1,097
Other operating items
+€8,824
Financial income
-€12,620
Financial charges
+€12,095
Taxes
-€41
Deferred taxes and other
+€14,593
Result 2025
-€43,504
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€295,031
Investment
+€246,958
Financing
+€31,152
Cash 2024
€29,012
From operations (derived)
-€295,031
Net result for the year
-€43,504
Depreciation
+€108,275
Receivables within one year
-€251,435
Deferred charges and accrued income
+€698
Provisions
-€67,953
Trade debts
-€12,422
Tax, wage and social debts
+€373
Advances received
-€6,000
Other debts
-€23,062
Investment (derived)
+€246,958
Investment in fixed assets (net)
-€28,042
Current investments
+€275,000
Financing
+€31,152
Contributions, distributions and other
+€31,152
Cash 2025
€12,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,977,100 | €3,855,684 | -€121,417 | -3.1% |
| Fixed assets | 21/28 | €1,002,791 | €922,558 | -€80,233 | -8.0% |
| Tangible fixed assets | 22/27 | €1,001,871 | €922,558 | -€79,313 | -7.9% |
| Land and buildings | 22 | €990,670 | €892,921 | -€97,749 | -9.9% |
| Plant, machinery and equipment | 23 | €248 | - | -€248 | |
| Furniture and vehicles | 24 | €448 | - | -€448 | |
| Other tangible fixed assets | 26 | €10,506 | €29,638 | +€19,132 | +182% |
| Financial fixed assets | 28 | €920 | - | -€920 | |
| Current assets | 29/58 | €2,974,309 | €2,933,125 | -€41,184 | -1.4% |
| Stocks and contracts in progress | 3 | €61,931 | €61,931 | = | 0.0% |
| Stocks | 30/36 | €61,931 | €61,931 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,574,197 | €2,825,631 | +€251,435 | +9.8% |
| Trade receivables | 40 | €24,299 | €14,255 | -€10,044 | -41.3% |
| Other amounts receivable | 41 | €2,549,897 | €2,811,377 | +€261,479 | +10.3% |
| Current investments | 50/53 | €307,000 | €32,000 | -€275,000 | -89.6% |
| Cash at bank and in hand | 54/58 | €29,012 | €12,091 | -€16,921 | -58.3% |
| Deferred charges and accrued income | 490/1 | €2,170 | €1,472 | -€698 | -32.2% |
| Total equity and liabilities | 10/49 | €3,977,100 | €3,855,684 | -€121,417 | -3.1% |
| Equity | 10/15 | €3,700,200 | €3,687,848 | -€12,352 | -0.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €3,630,226 | €3,617,874 | -€12,352 | -0.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €466,778 | €391,551 | -€75,227 | -16.1% |
| Distributable reserves | 133 | €3,157,251 | €3,220,126 | +€62,875 | +2.0% |
| Provisions and deferred taxes | 16 | €201,196 | €133,242 | -€67,953 | -33.8% |
| Deferred taxes | 168 | €201,196 | €133,242 | -€67,953 | -33.8% |
| Amounts payable | 17/49 | €75,705 | €34,594 | -€41,111 | -54.3% |
| Amounts payable within one year | 42/48 | €75,705 | €34,594 | -€41,111 | -54.3% |
| Trade debts | 44 | €13,066 | €644 | -€12,422 | -95.1% |
| Suppliers | 440/4 | €13,066 | €644 | -€12,422 | -95.1% |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | €0 | €373 | +€373 | |
| Taxes | 450/3 | €0 | €373 | +€373 | |
| Other amounts payable | 47/48 | €56,639 | €33,577 | -€23,062 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,149 | €108,275 | -€17,874 | -14.2% |
| Other operating charges | 640/8 | €5,388 | €6,484 | +€1,097 | +20.4% |
| Non-recurring operating charges | 66A | €8,824 | - | -€8,824 | |
| Gross operating margin | 9900 | €3,500 | €32,412 | +€28,911 | +826% |
| Operating profit (loss) | 9901 | -€136,860 | -€82,347 | +€54,513 | +39.8% |
| Financial income | 75/76B | €14,869 | €2,249 | -€12,620 | -84.9% |
| Recurring financial income | 75 | €14,869 | €2,249 | -€12,620 | -84.9% |
| Financial charges | 65/66B | €12,262 | €166 | -€12,095 | -98.6% |
| Recurring financial charges | 65 | €12,262 | €166 | -€12,095 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€134,252 | -€80,264 | +€53,988 | +40.2% |
| Transfer from deferred taxes | 780 | €22,208 | €36,801 | +€14,593 | +65.7% |
| Income taxes | 67/77 | €0 | €41 | +€41 | |
| Profit (loss) for the period | 9904 | -€112,044 | -€43,504 | +€68,540 | +61.2% |
| Transfer from tax-exempt reserves | 789 | €49,091 | €106,379 | +€57,288 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,953 | €62,875 | +€125,828 |
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 25 October 2026 via checked.be.