JOTI: 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
JOTI
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
€148,203
2024 · €102,939+€45,264
Equity
€1.6m
2024 · €1.5m+€148,203
Cash
€8,571
2024 · €12,057-€3,486
Balance sheet total
€2.8m
2024 · €3.0m-€165,422
Largest movements
Assets
- Tangible fixed assets -€185,745
down €185,745 (-6.9%), from €2.7m to €2.5m
Equity and liabilities
- Debts after one year -€302,822
down €302,822 (-28.3%), from €1.1m to €765,657
- Reserves +€148,203
up €148,203 (+10.1%), from €1.5m to €1.6m
of which Distributable reserves: +€166,296
Income statement
- Financial income +€37,567
up €37,567, from €0 to €37,567
- Financial charges -€10,490
down €10,490 (-18.2%), from €57,748 to €47,259
- Taxes +€8,812
up €8,812 (+15.7%), from €56,282 to €65,094
- Gross operating margin +€5,997
up €5,997 (+1.6%), from €380,690 to €386,687
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
€102,939
Gross operating margin
+€5,997
Depreciation
-€379
Other operating charges
+€402
Financial income
+€37,567
Financial charges
+€10,490
Taxes
-€8,812
Result 2025
€148,203
raises the resultlowers the result
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
+€274,310
Investment
+€13,982
Financing
-€291,778
Cash 2024
€12,057
From operations (derived)
+€274,310
Net result for the year
+€148,203
Depreciation
+€171,763
Receivables within one year
-€23,809
Provisions
-€9,316
Trade debts
-€28,866
Tax, wage and social debts
+€5,265
Other debts
+€11,070
Investment (derived)
+€13,982
Investment in fixed assets (net)
+€13,982
Financing
-€291,778
Debts after one year
-€302,822
Current portion of long-term debt
+€11,044
Cash 2025
€8,571
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,968,739 | €2,803,317 | -€165,422 | -5.6% |
| Fixed assets | 21/28 | €2,925,990 | €2,740,245 | -€185,745 | -6.3% |
| Tangible fixed assets | 22/27 | €2,680,990 | €2,495,245 | -€185,745 | -6.9% |
| Land and buildings | 22 | €2,680,990 | €2,495,245 | -€185,745 | -6.9% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €42,749 | €63,072 | +€20,323 | +47.5% |
| Amounts receivable within one year | 40/41 | €30,692 | €54,501 | +€23,809 | +77.6% |
| Trade receivables | 40 | €16,974 | €16,934 | -€40 | -0.2% |
| Other amounts receivable | 41 | €13,718 | €37,567 | +€23,849 | +174% |
| Cash at bank and in hand | 54/58 | €12,057 | €8,571 | -€3,486 | -28.9% |
| Total equity and liabilities | 10/49 | €2,968,739 | €2,803,317 | -€165,422 | -5.6% |
| Equity | 10/15 | €1,490,516 | €1,638,719 | +€148,203 | +9.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,471,966 | €1,620,169 | +€148,203 | +10.1% |
| Tax-exempt reserves | 132 | €126,650 | €108,557 | -€18,093 | -14.3% |
| Distributable reserves | 133 | €1,345,316 | €1,511,612 | +€166,296 | +12.4% |
| Provisions and deferred taxes | 16 | €65,215 | €55,898 | -€9,316 | -14.3% |
| Deferred taxes | 168 | €65,215 | €55,898 | -€9,316 | -14.3% |
| Amounts payable | 17/49 | €1,413,008 | €1,108,700 | -€304,308 | -21.5% |
| Amounts payable after more than one year | 17 | €1,068,480 | €765,657 | -€302,822 | -28.3% |
| Financial debts | 170/4 | €1,068,480 | €765,657 | -€302,822 | -28.3% |
| Amounts payable within one year | 42/48 | €344,529 | €343,042 | -€1,486 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €291,778 | €302,822 | +€11,044 | +3.8% |
| Trade debts | 44 | €34,376 | €5,510 | -€28,866 | -84.0% |
| Suppliers | 440/4 | €34,376 | €5,510 | -€28,866 | -84.0% |
| Taxes, remuneration and social security | 45 | €18,374 | €23,640 | +€5,265 | +28.7% |
| Taxes | 450/3 | €18,374 | €23,640 | +€5,265 | +28.7% |
| Other amounts payable | 47/48 | €0 | €11,070 | +€11,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,383 | €171,763 | +€379 | +0.2% |
| Other operating charges | 640/8 | €1,654 | €1,253 | -€402 | -24.3% |
| Gross operating margin | 9900 | €380,690 | €386,687 | +€5,997 | +1.6% |
| Operating profit (loss) | 9901 | €207,652 | €213,672 | +€6,020 | +2.9% |
| Financial income | 75/76B | €0 | €37,567 | +€37,567 | |
| Recurring financial income | 75 | €0 | €37,567 | +€37,567 | |
| Financial charges | 65/66B | €57,748 | €47,259 | -€10,490 | -18.2% |
| Recurring financial charges | 65 | €57,748 | €47,259 | -€10,490 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €149,904 | €203,980 | +€54,076 | +36.1% |
| Transfer from deferred taxes | 780 | €9,316 | €9,316 | = | 0.0% |
| Income taxes | 67/77 | €56,282 | €65,094 | +€8,812 | +15.7% |
| Profit (loss) for the period | 9904 | €102,939 | €148,203 | +€45,264 | +44.0% |
| Transfer from tax-exempt reserves | 789 | €18,093 | €18,093 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,032 | €166,296 | +€45,264 | +37.4% |
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 17 October 2026 via checked.be.