JOSADIS: 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
JOSADIS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,203
2024 · €567,956-€553,753
Equity
€1.3m
2024 · €4.1m-€2.9m
Cash
-
not filed
Balance sheet total
€72.4m
2024 · €34.0m+€38.4m
Largest movements
Assets
- Financial fixed assets +€38.2m
up €38.2m (+194%), from €19.6m to €57.8m
of which Affiliated companies: +€33.1m
Equity and liabilities
- Other debts +€43.2m
up €43.2m (+711%), from €6.1m to €49.3m
- Debts after one year -€1.6m
down €1.6m (-8.5%), from €19.2m to €17.6m
- Profit (loss) carried forward -€1.6m
down €1.6m (-95.4%), from €1.7m to €76,990
- Reserves -€1.2m
down €1.2m (-52.1%), from €2.4m to €1.1m
of which Distributable reserves: -€1.2m
Income statement
- Financial charges +€788,681
up €788,681 (+110%), from €717,968 to €1.5m
of which Non-recurring financial charges: +€660,296
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
€567,956
Depreciation
-€39,531
Write-downs
-€58,662
Other operating charges
-€5,283
Other operating items
+€184,900
Financial income
+€35,729
Financial charges
-€788,681
Taxes
+€117,775
Result 2025
€14,203
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,965,800 | €72,387,964 | +€38.4m | +113% |
| Fixed assets | 21/28 | €33,625,151 | €71,917,957 | +€38.3m | +114% |
| Intangible fixed assets | 21 | €50,998 | €0 | -€50,998 | -100% |
| Tangible fixed assets | 22/27 | €13,933,359 | €14,076,290 | +€142,931 | +1.0% |
| Land and buildings | 22 | €12,412,218 | €12,589,032 | +€176,814 | +1.4% |
| Plant, machinery and equipment | 23 | €84,628 | €85,225 | +€597 | +0.7% |
| Furniture and vehicles | 24 | €393 | €314 | -€80 | -20.3% |
| Leasing and similar rights | 25 | €1,022,177 | €913,782 | -€108,395 | -10.6% |
| Other tangible fixed assets | 26 | €335,667 | €335,667 | = | 0.0% |
| Assets under construction and advance payments | 27 | €78,276 | €152,271 | +€73,995 | +94.5% |
| Financial fixed assets | 28 | €19,640,794 | €57,841,667 | +€38.2m | +194% |
| Affiliated companies | 280/1 | €19,600,542 | €52,652,628 | +€33.1m | +169% |
| Participating interests | 280 | €19,600,542 | €52,652,628 | +€33.1m | +169% |
| Other financial fixed assets | 284/8 | €40,253 | €5,189,038 | +€5.1m | +12,791% |
| Shares | 284 | €32,527 | €5,181,312 | +€5.1m | +15,829% |
| Amounts receivable and cash guarantees | 285/8 | €7,726 | €7,726 | = | 0.0% |
| Current assets | 29/58 | €340,649 | €470,007 | +€129,358 | +38.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €200,300 | €283,581 | +€83,281 | +41.6% |
| Trade receivables | 40 | €131,556 | €17,262 | -€114,293 | -86.9% |
| Other amounts receivable | 41 | €68,744 | €266,318 | +€197,574 | +287% |
| Deferred charges and accrued income | 490/1 | €140,349 | €186,426 | +€46,077 | +32.8% |
| Total equity and liabilities | 10/49 | €33,965,800 | €72,387,964 | +€38.4m | +113% |
| Equity | 10/15 | €4,143,393 | €1,284,528 | -€2.9m | -69.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,392,516 | €1,145,538 | -€1.2m | -52.1% |
| Non-distributable reserves | 130/1 | €7,287 | €7,287 | = | 0.0% |
| Legal reserve | 130 | €7,287 | €7,287 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,201,038 | €1,138,251 | -€62,788 | -5.2% |
| Distributable reserves | 133 | €1,184,190 | €0 | -€1.2m | -100% |
| Profit (loss) carried forward | 14 | €1,688,878 | €76,990 | -€1.6m | -95.4% |
| Provisions and deferred taxes | 16 | €300,709 | €279,780 | -€20,929 | -7.0% |
| Deferred taxes | 168 | €300,709 | €279,780 | -€20,929 | -7.0% |
| Amounts payable | 17/49 | €29,521,698 | €70,823,655 | +€41.3m | +140% |
| Amounts payable after more than one year | 17 | €19,203,514 | €17,565,231 | -€1.6m | -8.5% |
| Financial debts | 170/4 | €19,203,514 | €17,565,231 | -€1.6m | -8.5% |
| Leasing and similar obligations | 172 | €114,161 | €0 | -€114,161 | -100% |
| Credit institutions | 173 | €17,139,353 | €15,615,231 | -€1.5m | -8.9% |
| Other loans | 174 | €1,950,000 | €1,950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,260,006 | €52,318,692 | +€43.1m | +465% |
| Current portion of amounts payable after more than one year | 42 | €2,616,404 | €2,455,550 | -€160,855 | -6.1% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €162,848 | €167,327 | +€4,479 | +2.8% |
| Suppliers | 440/4 | €162,848 | €167,327 | +€4,479 | +2.8% |
| Taxes, remuneration and social security | 45 | €8,373 | €45,753 | +€37,379 | +446% |
| Taxes | 450/3 | €8,373 | €45,753 | +€37,379 | +446% |
| Other amounts payable | 47/48 | €6,072,380 | €49,250,062 | +€43.2m | +711% |
| Accrued charges and deferred income | 492/3 | €1,058,177 | €939,732 | -€118,445 | -11.2% |
| Operating income | 70/76A | €2,767,856 | €2,869,519 | +€101,664 | +3.7% |
| Other operating income | 74 | €2,683,423 | €2,676,626 | -€6,797 | -0.3% |
| Non-recurring operating income | 76A | €84,432 | €192,893 | +€108,461 | +128% |
| Operating charges | 60/66A | €1,312,159 | €1,332,399 | +€20,239 | +1.5% |
| Services and other goods | 61 | €303,929 | €220,693 | -€83,236 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834,271 | €873,802 | +€39,531 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,662 | €0 | +€58,662 | |
| Other operating charges | 640/8 | €232,621 | €237,904 | +€5,283 | +2.3% |
| Operating profit (loss) | 9901 | €1,455,696 | €1,537,120 | +€81,424 | +5.6% |
| Financial income | 75/76B | €955 | €36,684 | +€35,729 | +3,741% |
| Recurring financial income | 75 | €955 | €2,246 | +€1,291 | +135% |
| Income from current assets | 751 | €955 | €2,246 | +€1,291 | +135% |
| Non-recurring financial income | 76B | - | €34,438 | +€34,438 | |
| Financial charges | 65/66B | €717,968 | €1,506,648 | +€788,681 | +110% |
| Recurring financial charges | 65 | €717,968 | €846,353 | +€128,385 | +17.9% |
| Debt charges | 650 | €695,620 | €840,835 | +€145,214 | +20.9% |
| Other financial charges | 652/9 | €22,347 | €5,518 | -€16,829 | -75.3% |
| Non-recurring financial charges | 66B | - | €660,296 | +€660,296 | |
| Profit (loss) for the period before taxes | 9903 | €738,684 | €67,156 | -€671,527 | -90.9% |
| Transfer from deferred taxes | 780 | €20,929 | €20,929 | -€0 | 0.0% |
| Income taxes | 67/77 | €191,657 | €73,883 | -€117,775 | -61.5% |
| Taxes | 670/3 | €191,657 | €73,883 | -€117,775 | -61.5% |
| Profit (loss) for the period | 9904 | €567,956 | €14,203 | -€553,753 | -97.5% |
| Transfer from tax-exempt reserves | 789 | €62,788 | €62,788 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €298,910 | €0 | -€298,910 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €331,833 | €76,990 | -€254,843 | -76.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.