Jonahold: 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
Jonahold
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €452,098+€1.4m
Equity
€4.6m
2024 · €5.6m-€1.1m
Cash
€148,327
2024 · €497,275-€348,948
Balance sheet total
€11.7m
2024 · €12.1m-€373,335
Largest movements
Assets
- Cash -€348,948
down €348,948 (-70.2%), from €497,275 to €148,327
mainly Contributions, distributions and other (-€2.9m) and Debts after one year (-€750,000)
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+45.4%), from €2.9m to €4.2m
- Reserves -€1.1m
down €1.1m (-19.8%), from €5.6m to €4.5m
- Debts after one year -€750,000
down €750,000 (-21.7%), from €3.5m to €2.7m
- Accrued charges and deferred income +€137,855
up €137,855 (+507%), from €27,169 to €165,023
Income statement
- Financial income +€1.6m
up €1.6m (+411%), from €396,589 to €2.0m
- Financial charges +€229,681
up €229,681 (+86.2%), from €266,471 to €496,152
- Services and other goods +€68,303
up €68,303 (+46.3%), from €147,623 to €215,926
- Taxes -€39,866
down €39,866 (-87.3%), from €45,678 to €5,812
of which Taxes: -€84,016
- Other operating income -€17,914
down €17,914 (-74.9%), from €23,912 to €5,998
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
€452,098
Turnover
+€8,375
Other operating income
-€17,914
Services and other goods
-€68,303
Staff costs
+€2,324
Depreciation
+€348
Other operating charges
+€1,990
Other operating items
+€36,652
Financial income
+€1.6m
Financial charges
-€229,681
Taxes
+€39,866
Result 2025
€1.9m
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
+€3.3m
Investment
+€2,997
Financing
-€3.7m
Cash 2024
€497,275
From operations (derived)
+€3.3m
Net result for the year
+€1.9m
Depreciation
+€931
Receivables within one year
+€6,292
Deferred charges and accrued income
+€14,167
Trade debts
+€17,070
Tax, wage and social debts
-€11,571
Other debts
+€1.3m
Accrued charges and deferred income
+€137,855
Investment (derived)
+€2,997
Investment in fixed assets (net)
+€2,997
Financing
-€3.7m
Debts after one year
-€750,000
Contributions, distributions and other
-€2.9m
Cash 2025
€148,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,054,508 | €11,681,173 | -€373,335 | -3.1% |
| Fixed assets | 21/28 | €11,112,767 | €11,108,839 | -€3,928 | 0.0% |
| Tangible fixed assets | 22/27 | €7,888 | €3,960 | -€3,928 | -49.8% |
| Plant, machinery and equipment | 23 | €6,894 | €3,246 | -€3,647 | -52.9% |
| Furniture and vehicles | 24 | €994 | €713 | -€281 | -28.3% |
| Financial fixed assets | 28 | €11,104,879 | €11,104,879 | = | 0.0% |
| Affiliated companies | 280/1 | €11,104,879 | €11,104,879 | = | 0.0% |
| Participating interests | 280 | €11,104,879 | €11,104,879 | = | 0.0% |
| Current assets | 29/58 | €941,741 | €572,334 | -€369,407 | -39.2% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,107 | €171,815 | -€6,292 | -3.5% |
| Trade receivables | 40 | €1,037 | €1,815 | +€778 | +75.0% |
| Other amounts receivable | 41 | €177,070 | €170,000 | -€7,070 | -4.0% |
| Cash at bank and in hand | 54/58 | €497,275 | €148,327 | -€348,948 | -70.2% |
| Deferred charges and accrued income | 490/1 | €16,359 | €2,192 | -€14,167 | -86.6% |
| Total equity and liabilities | 10/49 | €12,054,508 | €11,681,173 | -€373,335 | -3.1% |
| Equity | 10/15 | €5,634,839 | €4,561,076 | -€1.1m | -19.1% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €5,625,421 | €4,511,660 | -€1.1m | -19.8% |
| Distributable reserves | 133 | €5,625,421 | €4,511,660 | -€1.1m | -19.8% |
| Profit (loss) carried forward | 14 | €9,359 | €49,356 | +€39,997 | +427% |
| Amounts payable | 17/49 | €6,419,668 | €7,120,096 | +€700,428 | +10.9% |
| Amounts payable after more than one year | 17 | €3,450,000 | €2,700,000 | -€750,000 | -21.7% |
| Financial debts | 170/4 | €3,450,000 | €2,700,000 | -€750,000 | -21.7% |
| Other loans | 174 | €3,450,000 | €2,700,000 | -€750,000 | -21.7% |
| Amounts payable within one year | 42/48 | €2,942,500 | €4,255,073 | +€1.3m | +44.6% |
| Trade debts | 44 | €4,834 | €21,904 | +€17,070 | +353% |
| Suppliers | 440/4 | €4,834 | €21,904 | +€17,070 | +353% |
| Taxes, remuneration and social security | 45 | €59,977 | €48,406 | -€11,571 | -19.3% |
| Taxes | 450/3 | €37,306 | €28,820 | -€8,486 | -22.7% |
| Remuneration and social security | 454/9 | €22,671 | €19,586 | -€3,085 | -13.6% |
| Other amounts payable | 47/48 | €2,877,688 | €4,184,763 | +€1.3m | +45.4% |
| Accrued charges and deferred income | 492/3 | €27,169 | €165,023 | +€137,855 | +507% |
| Operating income | 70/76A | €729,787 | €756,900 | +€27,113 | +3.7% |
| Turnover | 70 | €705,875 | €714,250 | +€8,375 | +1.2% |
| Other operating income | 74 | €23,912 | €5,998 | -€17,914 | -74.9% |
| Non-recurring operating income | 76A | - | €36,652 | +€36,652 | |
| Operating charges | 60/66A | €362,129 | €425,770 | +€63,640 | +17.6% |
| Services and other goods | 61 | €147,623 | €215,926 | +€68,303 | +46.3% |
| Remuneration, social security and pensions | 62 | €210,142 | €207,817 | -€2,324 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €931 | -€348 | -27.2% |
| Other operating charges | 640/8 | €3,085 | €1,096 | -€1,990 | -64.5% |
| Operating profit (loss) | 9901 | €367,658 | €331,131 | -€36,527 | -9.9% |
| Financial income | 75/76B | €396,589 | €2,028,343 | +€1.6m | +411% |
| Recurring financial income | 75 | €396,589 | €2,028,343 | +€1.6m | +411% |
| Income from financial fixed assets | 750 | €349,995 | €1,974,984 | +€1.6m | +464% |
| Income from current assets | 751 | €46,210 | €53,353 | +€7,143 | +15.5% |
| Other financial income | 752/9 | €384 | €6 | -€378 | -98.4% |
| Financial charges | 65/66B | €266,471 | €496,152 | +€229,681 | +86.2% |
| Recurring financial charges | 65 | €266,471 | €496,152 | +€229,681 | +86.2% |
| Debt charges | 650 | €265,739 | €495,360 | +€229,621 | +86.4% |
| Other financial charges | 652/9 | €732 | €792 | +€60 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €497,776 | €1,863,321 | +€1.4m | +274% |
| Income taxes | 67/77 | €45,678 | €5,812 | -€39,866 | -87.3% |
| Taxes | 670/3 | €89,828 | €5,812 | -€84,016 | -93.5% |
| Tax adjustments and reversals of tax provisions | 77 | €44,150 | - | -€44,150 | |
| Profit (loss) for the period | 9904 | €452,098 | €1,857,509 | +€1.4m | +311% |
| Profit (loss) for the period to be appropriated | 9905 | €452,098 | €1,857,509 | +€1.4m | +311% |
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 20 October 2026 via checked.be.