JUL'INVEST: what changed
What changed
JUL'INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€6,173
2024 · -€14,441+€8,268
Equity
-€102,508
2024 · -€96,335-€6,173
Cash
€3,573
2024 · €2,021+€1,552
Balance sheet total
€1.6m
2024 · €1.6m-€26,539
Largest movements
Assets
- Tangible fixed assets -€38,731
down €38,731 (-2.4%), from €1.6m to €1.6m
Equity and liabilities
- Debts after one year -€48,298
down €48,298 (-2.9%), from €1.6m to €1.6m
of which Financial debts: -€48,298
- Other debts +€43,236
up €43,236 (+217%), from €19,903 to €63,139
Income statement
- Gross operating margin +€20,356
up €20,356 (+33.4%), from €60,904 to €81,260
- Staff costs +€10,374
new in 2025: €10,374
- Depreciation +€1,257
up €1,257 (+2.4%), from €51,540 to €52,798
- Other operating charges +€1,076
up €1,076 (+12.6%), from €8,545 to €9,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€14,441
Gross operating margin
+€20,356
Staff costs
-€10,374
Depreciation
-€1,257
Other operating charges
-€1,076
Financial charges
+€620
Result 2025
-€6,173
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,470
Investment
-€14,429
Financing
-€47,488
Cash 2024
€2,021
From operations (derived)
+€63,470
Net result for the year
-€6,173
Depreciation
+€52,798
Receivables within one year
-€8,544
Deferred charges and accrued income
-€1,733
Trade debts
-€15,147
Other debts
+€43,236
Accrued charges and deferred income
-€968
Investment (derived)
-€14,429
Investment in fixed assets (net)
-€14,429
Financing
-€47,488
Debts after one year
-€48,298
Current portion of long-term debt
+€810
Cash 2025
€3,573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,634,679 | €1,608,140 | -€26,539 | -1.6% |
| Fixed assets | 21/28 | €1,632,658 | €1,594,290 | -€38,368 | -2.4% |
| Tangible fixed assets | 22/27 | €1,632,658 | €1,593,927 | -€38,731 | -2.4% |
| Land and buildings | 22 | €1,632,658 | €1,593,927 | -€38,731 | -2.4% |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €2,021 | €13,850 | +€11,829 | +585% |
| Amounts receivable within one year | 40/41 | - | €8,544 | +€8,544 | |
| Trade receivables | 40 | - | €5,115 | +€5,115 | |
| Other amounts receivable | 41 | - | €3,428 | +€3,428 | |
| Cash at bank and in hand | 54/58 | €2,021 | €3,573 | +€1,552 | +76.8% |
| Deferred charges and accrued income | 490/1 | - | €1,733 | +€1,733 | |
| Total equity and liabilities | 10/49 | €1,634,679 | €1,608,140 | -€26,539 | -1.6% |
| Equity | 10/15 | -€96,335 | -€102,508 | -€6,173 | -6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,335 | -€112,508 | -€6,173 | -5.8% |
| Amounts payable | 17/49 | €1,731,014 | €1,710,648 | -€20,366 | -1.2% |
| Amounts payable after more than one year | 17 | €1,643,323 | €1,595,025 | -€48,298 | -2.9% |
| Financial debts | 170/4 | €792,123 | €743,825 | -€48,298 | -6.1% |
| Other amounts payable | 178/9 | €851,200 | €851,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,724 | €115,624 | +€28,900 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €47,488 | €48,298 | +€810 | +1.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,333 | €4,186 | -€15,147 | -78.3% |
| Suppliers | 440/4 | €19,333 | €4,186 | -€15,147 | -78.3% |
| Other amounts payable | 47/48 | €19,903 | €63,139 | +€43,236 | +217% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100% |
| Remuneration, social security and pensions | 62 | - | €10,374 | +€10,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,540 | €52,798 | +€1,257 | +2.4% |
| Other operating charges | 640/8 | €8,545 | €9,622 | +€1,076 | +12.6% |
| Gross operating margin | 9900 | €60,904 | €81,260 | +€20,356 | +33.4% |
| Operating profit (loss) | 9901 | €819 | €8,467 | +€7,648 | +934% |
| Financial charges | 65/66B | €15,260 | €14,640 | -€620 | -4.1% |
| Recurring financial charges | 65 | €15,260 | €14,640 | -€620 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,441 | -€6,173 | +€8,268 | +57.3% |
| Profit (loss) for the period | 9904 | -€14,441 | -€6,173 | +€8,268 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,441 | -€6,173 | +€8,268 | +57.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.