JONELINVEST: 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
JONELINVEST
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.1m
2024 · €841,066+€4.3m
Equity
€131.2m
2024 · €126.0m+€5.1m
Cash
€58,958
2024 · €1,860+€57,098
Balance sheet total
€214.9m
2024 · €202.0m+€12.9m
Largest movements
Assets
- Financial fixed assets +€8.0m
up €8.0m (+4.5%), from €176.6m to €184.6m
of which Companies linked by participating interests: +€6.3m
- Receivables within one year +€2.6m
up €2.6m (+62.8%), from €4.2m to €6.9m
of which Other amounts receivable: +€2.6m
Equity and liabilities
- Debts after one year +€22.1m
up €22.1m (+83.6%), from €26.4m to €48.5m
- Other debts -€21.8m
down €21.8m (-62.4%), from €35.0m to €13.1m
- Current portion of long-term debt +€7.6m
up €7.6m (+53.4%), from €14.3m to €21.9m
- Profit (loss) carried forward +€5.1m
up €5.1m (+4.5%), from €115.5m to €120.7m
Income statement
- Financial charges -€5.6m
down €5.6m (-83.1%), from €6.7m to €1.1m
of which Non-recurring financial charges: -€5.5m
- Financial income -€2.0m
down €2.0m (-28.8%), from €6.8m to €4.8m
- Taxes +€123,210
up €123,210 (+33.7%), from €365,268 to €488,479
- Depreciation -€44,611
down €44,611 (-7.8%), from €574,108 to €529,497
- Services and other goods +€35,019
up €35,019 (+7.6%), from €463,050 to €498,069
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
€841,066
Turnover
-€2,291
Other operating income
-€11,858
Services and other goods
-€35,019
Staff costs
-€888
Depreciation
+€44,611
Other operating charges
-€629
Other operating items
+€840,147
Financial income
-€2.0m
Financial charges
+€5.6m
Taxes
-€123,210
Result 2025
€5.1m
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
-€21.0m
Investment
-€8.7m
Financing
+€29.7m
Cash 2024
€1,860
From operations (derived)
-€21.0m
Net result for the year
+€5.1m
Depreciation
+€529,497
Receivables after one year
-€2.0m
Receivables within one year
-€2.6m
Deferred charges and accrued income
-€131,100
Smaller working-capital items
+€40,773
Tax, wage and social debts
-€136,501
Other debts
-€21.8m
Investment (derived)
-€8.7m
Investment in fixed assets (net)
-€8.7m
Financing
+€29.7m
Debts after one year
+€22.1m
Current portion of long-term debt
+€7.6m
Cash 2025
€58,958
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,000,386 | €214,948,682 | +€12.9m | +6.4% |
| Fixed assets | 21/28 | €192,040,521 | €200,169,346 | +€8.1m | +4.2% |
| Tangible fixed assets | 22/27 | €15,447,905 | €15,580,115 | +€132,210 | +0.9% |
| Land and buildings | 22 | €12,224,759 | €11,539,770 | -€684,989 | -5.6% |
| Plant, machinery and equipment | 23 | €34,140 | €30,039 | -€4,101 | -12.0% |
| Furniture and vehicles | 24 | €39,503 | €30,803 | -€8,700 | -22.0% |
| Other tangible fixed assets | 26 | €3,149,503 | €3,979,503 | +€830,000 | +26.4% |
| Financial fixed assets | 28 | €176,592,616 | €184,589,231 | +€8.0m | +4.5% |
| Affiliated companies | 280/1 | €39,383,936 | €40,332,455 | +€948,519 | +2.4% |
| Participating interests | 280 | €34,903,936 | €34,903,785 | -€150 | 0.0% |
| Amounts receivable | 281 | €4,480,000 | €5,428,669 | +€948,669 | +21.2% |
| Companies linked by participating interests | 282/3 | €95,944,558 | €102,194,558 | +€6.3m | +6.5% |
| Participating interests | 282 | €95,944,558 | €102,194,558 | +€6.3m | +6.5% |
| Other financial fixed assets | 284/8 | €41,264,122 | €42,062,218 | +€798,096 | +1.9% |
| Shares | 284 | €40,614,122 | €41,737,218 | +€1.1m | +2.8% |
| Amounts receivable and cash guarantees | 285/8 | €650,000 | €325,000 | -€325,000 | -50.0% |
| Current assets | 29/58 | €9,959,865 | €14,779,336 | +€4.8m | +48.4% |
| Amounts receivable after more than one year | 29 | - | €1,982,474 | +€2.0m | |
| Other amounts receivable | 291 | - | €1,982,474 | +€2.0m | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,214,570 | €6,863,369 | +€2.6m | +62.8% |
| Trade receivables | 40 | €422,489 | €446,126 | +€23,637 | +5.6% |
| Other amounts receivable | 41 | €3,792,082 | €6,417,244 | +€2.6m | +69.2% |
| Current investments | 50/53 | €5,698,013 | €5,698,013 | = | 0.0% |
| Other investments | 51/53 | €5,698,013 | €5,698,013 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,860 | €58,958 | +€57,098 | +3,070% |
| Deferred charges and accrued income | 490/1 | €45,422 | €176,522 | +€131,100 | +289% |
| Total equity and liabilities | 10/49 | €202,000,386 | €214,948,682 | +€12.9m | +6.4% |
| Equity | 10/15 | €126,015,546 | €131,162,620 | +€5.1m | +4.1% |
| Contributions | 10/11 | €9,492,000 | €9,492,000 | = | 0.0% |
| Capital | 10 | €9,492,000 | €9,492,000 | = | 0.0% |
| Issued capital | 100 | €9,492,000 | €9,492,000 | = | 0.0% |
| Reserves | 13 | €993,377 | €993,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €949,200 | €949,200 | = | 0.0% |
| Legal reserve | 130 | €949,200 | €949,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €44,177 | €44,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,530,169 | €120,677,243 | +€5.1m | +4.5% |
| Amounts payable | 17/49 | €75,984,839 | €83,786,061 | +€7.8m | +10.3% |
| Amounts payable after more than one year | 17 | €26,428,571 | €48,527,360 | +€22.1m | +83.6% |
| Financial debts | 170/4 | €26,428,571 | €48,527,360 | +€22.1m | +83.6% |
| Credit institutions | 173 | €26,428,571 | €48,527,360 | +€22.1m | +83.6% |
| Amounts payable within one year | 42/48 | €49,469,187 | €35,139,620 | -€14.3m | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €14,285,814 | €21,920,753 | +€7.6m | +53.4% |
| Trade debts | 44 | €9,044 | €17,817 | +€8,773 | +97.0% |
| Suppliers | 440/4 | €9,044 | €17,817 | +€8,773 | +97.0% |
| Taxes, remuneration and social security | 45 | €206,435 | €69,934 | -€136,501 | -66.1% |
| Taxes | 450/3 | €203,878 | €67,377 | -€136,501 | -67.0% |
| Remuneration and social security | 454/9 | €2,558 | €2,558 | = | 0.0% |
| Other amounts payable | 47/48 | €34,967,894 | €13,131,116 | -€21.8m | -62.4% |
| Accrued charges and deferred income | 492/3 | €87,081 | €119,081 | +€32,000 | +36.7% |
| Operating income | 70/76A | €2,182,734 | €3,008,732 | +€825,998 | +37.8% |
| Turnover | 70 | €1,991,248 | €1,988,957 | -€2,291 | -0.1% |
| Other operating income | 74 | €191,486 | €179,629 | -€11,858 | -6.2% |
| Non-recurring operating income | 76A | - | €840,147 | +€840,147 | |
| Operating charges | 60/66A | €1,093,127 | €1,085,052 | -€8,076 | -0.7% |
| Services and other goods | 61 | €463,050 | €498,069 | +€35,019 | +7.6% |
| Remuneration, social security and pensions | 62 | €20,080 | €20,968 | +€888 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574,108 | €529,497 | -€44,611 | -7.8% |
| Other operating charges | 640/8 | €35,889 | €36,517 | +€629 | +1.8% |
| Operating profit (loss) | 9901 | €1,089,607 | €1,923,681 | +€834,074 | +76.5% |
| Financial income | 75/76B | €6,802,007 | €4,841,296 | -€2.0m | -28.8% |
| Recurring financial income | 75 | €6,802,007 | €4,841,296 | -€2.0m | -28.8% |
| Income from financial fixed assets | 750 | €6,432,433 | €4,713,133 | -€1.7m | -26.7% |
| Income from current assets | 751 | €351,876 | €123,048 | -€228,828 | -65.0% |
| Other financial income | 752/9 | €17,698 | €5,115 | -€12,582 | -71.1% |
| Financial charges | 65/66B | €6,685,280 | €1,129,424 | -€5.6m | -83.1% |
| Recurring financial charges | 65 | €1,181,305 | €1,129,277 | -€52,027 | -4.4% |
| Debt charges | 650 | €676,648 | €1,115,233 | +€438,585 | +64.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €500,000 | €0 | -€500,000 | -100% |
| Other financial charges | 652/9 | €4,657 | €14,045 | +€9,388 | +202% |
| Non-recurring financial charges | 66B | €5,503,975 | €146 | -€5.5m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,206,334 | €5,635,553 | +€4.4m | +367% |
| Income taxes | 67/77 | €365,268 | €488,479 | +€123,210 | +33.7% |
| Taxes | 670/3 | €365,268 | €488,479 | +€123,210 | +33.7% |
| Profit (loss) for the period | 9904 | €841,066 | €5,147,074 | +€4.3m | +512% |
| Transfer from tax-exempt reserves | 789 | €505,200 | €0 | -€505,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,346,266 | €5,147,074 | +€3.8m | +282% |
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 23 October 2026 via checked.be.