JP INVEST: 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
JP INVEST
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
€574,791
2024 · €509,229+€65,562
Equity
€11.9m
2024 · €11.4m+€574,791
Cash
€411,530
2024 · €466,320-€54,790
Balance sheet total
€15.3m
2024 · €15.7m-€392,815
Largest movements
Assets
- Receivables after one year -€540,378
down €540,378 (-8.8%), from €6.1m to €5.6m
Equity and liabilities
- Debts after one year -€830,000
down €830,000 (-20.2%), from €4.1m to €3.3m
- Reserves +€568,741
up €568,741 (+6.9%), from €8.2m to €8.8m
of which Distributable reserves: +€540,000
Income statement
- Financial charges -€76,020
down €76,020 (-37.0%), from €205,703 to €129,683
- Financial income +€23,539
up €23,539 (+7.7%), from €307,100 to €330,639
- Staff costs +€15,026
up €15,026 (+9.9%), from €152,381 to €167,407
- Gross operating margin -€12,865
down €12,865 (-1.1%), from €1.2m to €1.2m
- Depreciation -€12,158
down €12,158 (-5.5%), from €222,608 to €210,450
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
€509,229
Gross operating margin
-€12,865
Staff costs
-€15,026
Depreciation
+€12,158
Other operating charges
-€8,601
Financial income
+€23,539
Financial charges
+€76,020
Taxes
-€9,663
Result 2025
€574,791
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
+€1.0m
Investment
-€249,857
Financing
-€830,000
Cash 2024
€466,320
From operations (derived)
+€1.0m
Net result for the year
+€574,791
Depreciation
+€210,450
Receivables after one year
+€540,378
Receivables within one year
-€22,160
Deferred charges and accrued income
-€140,786
Trade debts
-€14,159
Tax, wage and social debts
-€269
Accrued charges and deferred income
-€123,178
Investment (derived)
-€249,857
Investment in fixed assets (net)
-€249,857
Financing
-€830,000
Debts after one year
-€830,000
Cash 2025
€411,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,654,349 | €15,261,534 | -€392,815 | -2.5% |
| Fixed assets | 21/28 | €8,318,071 | €8,357,478 | +€39,407 | +0.5% |
| Tangible fixed assets | 22/27 | €7,063,071 | €7,107,478 | +€44,407 | +0.6% |
| Land and buildings | 22 | €6,939,844 | €6,866,727 | -€73,117 | -1.1% |
| Plant, machinery and equipment | 23 | - | €6,742 | +€6,742 | |
| Furniture and vehicles | 24 | €123,227 | €234,009 | +€110,782 | +89.9% |
| Financial fixed assets | 28 | €1,255,000 | €1,250,000 | -€5,000 | -0.4% |
| Current assets | 29/58 | €7,336,278 | €6,904,056 | -€432,222 | -5.9% |
| Amounts receivable after more than one year | 29 | €6,119,286 | €5,578,908 | -€540,378 | -8.8% |
| Other amounts receivable | 291 | €6,119,286 | €5,578,908 | -€540,378 | -8.8% |
| Amounts receivable within one year | 40/41 | €703,239 | €725,399 | +€22,160 | +3.2% |
| Trade receivables | 40 | €173,839 | €173,037 | -€802 | -0.5% |
| Other amounts receivable | 41 | €529,400 | €552,362 | +€22,962 | +4.3% |
| Cash at bank and in hand | 54/58 | €466,320 | €411,530 | -€54,790 | -11.7% |
| Deferred charges and accrued income | 490/1 | €47,433 | €188,219 | +€140,786 | +297% |
| Total equity and liabilities | 10/49 | €15,654,349 | €15,261,534 | -€392,815 | -2.5% |
| Equity | 10/15 | €11,354,093 | €11,928,884 | +€574,791 | +5.1% |
| Contributions | 10/11 | €2,832,070 | €2,832,070 | = | 0.0% |
| Capital | 10 | €2,821,974 | €2,821,974 | = | 0.0% |
| Issued capital | 100 | €2,821,974 | €2,821,974 | = | 0.0% |
| Contributions outside capital | 11 | €10,096 | €10,096 | = | 0.0% |
| Share premium | 1100/10 | €10,096 | €10,096 | = | 0.0% |
| Revaluation surpluses | 12 | €230,643 | €230,643 | = | 0.0% |
| Reserves | 13 | €8,198,221 | €8,766,962 | +€568,741 | +6.9% |
| Non-distributable reserves | 130/1 | €100,553 | €129,294 | +€28,741 | +28.6% |
| Legal reserve | 130 | €100,553 | €129,294 | +€28,741 | +28.6% |
| Tax-exempt reserves | 132 | €842,000 | €842,000 | = | 0.0% |
| Distributable reserves | 133 | €7,255,668 | €7,795,668 | +€540,000 | +7.4% |
| Profit (loss) carried forward | 14 | €93,159 | €99,209 | +€6,050 | +6.5% |
| Amounts payable | 17/49 | €4,300,256 | €3,332,650 | -€967,606 | -22.5% |
| Amounts payable after more than one year | 17 | €4,100,000 | €3,270,000 | -€830,000 | -20.2% |
| Financial debts | 170/4 | €4,100,000 | €3,270,000 | -€830,000 | -20.2% |
| Amounts payable within one year | 42/48 | €64,019 | €49,591 | -€14,428 | -22.5% |
| Trade debts | 44 | €32,257 | €18,098 | -€14,159 | -43.9% |
| Suppliers | 440/4 | €32,257 | €18,098 | -€14,159 | -43.9% |
| Taxes, remuneration and social security | 45 | €31,762 | €31,493 | -€269 | -0.8% |
| Taxes | 450/3 | €2,158 | €2,232 | +€74 | +3.4% |
| Remuneration and social security | 454/9 | €29,604 | €29,261 | -€343 | -1.2% |
| Accrued charges and deferred income | 492/3 | €136,237 | €13,059 | -€123,178 | -90.4% |
| Remuneration, social security and pensions | 62 | €152,381 | €167,407 | +€15,026 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,608 | €210,450 | -€12,158 | -5.5% |
| Other operating charges | 640/8 | €202,012 | €210,613 | +€8,601 | +4.3% |
| Gross operating margin | 9900 | €1,169,498 | €1,156,633 | -€12,865 | -1.1% |
| Operating profit (loss) | 9901 | €592,497 | €568,163 | -€24,334 | -4.1% |
| Financial income | 75/76B | €307,100 | €330,639 | +€23,539 | +7.7% |
| Recurring financial income | 75 | €307,100 | €330,639 | +€23,539 | +7.7% |
| Financial charges | 65/66B | €205,703 | €129,683 | -€76,020 | -37.0% |
| Recurring financial charges | 65 | €205,703 | €129,683 | -€76,020 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €693,894 | €769,119 | +€75,225 | +10.8% |
| Income taxes | 67/77 | €184,665 | €194,328 | +€9,663 | +5.2% |
| Profit (loss) for the period | 9904 | €509,229 | €574,791 | +€65,562 | +12.9% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €210,500 | +€174,900 | +491% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €210,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €334,329 | €574,791 | +€240,462 | +71.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.