JUSTINVEST: what changed
What changed
JUSTINVEST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€202,847
2024 · €251,990-€49,143
Equity
€2.5m
2024 · €2.3m+€202,847
Cash
€3.3m
2024 · €3.1m+€175,685
Balance sheet total
€84.2m
2024 · €93.4m-€9.2m
Largest movements
Assets
- Receivables after one year -€10.5m
down €10.5m (-13.3%), from €78.9m to €68.4m
- Receivables within one year +€1.2m
up €1.2m (+11.5%), from €10.6m to €11.8m
of which Trade receivables: +€674,870
Equity and liabilities
- Debts after one year -€10.5m
down €10.5m (-13.3%), from €78.9m to €68.4m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€251,990
Other operating charges
-€7,098
Other operating items
-€43,109
Financial income
-€531,109
Financial charges
+€514,495
Taxes
+€17,677
Result 2025
€202,847
raises the resultlowers the resultnot broken down further in the accounts
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
+€10.1m
Investment
€0
Financing
-€9.9m
Cash 2024
€3.1m
From operations (derived)
+€10.1m
Net result for the year
+€202,847
Receivables after one year
+€10.5m
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€89,906
Trade debts
+€5,001
Tax, wage and social debts
+€646,058
Accrued charges and deferred income
-€81,580
Financing
-€9.9m
Debts after one year
-€10.5m
Current portion of long-term debt
+€532,420
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,382,180 | €84,221,229 | -€9.2m | -9.8% |
| Current assets | 29/58 | €93,382,180 | €84,221,229 | -€9.2m | -9.8% |
| Amounts receivable after more than one year | 29 | €78,903,776 | €68,437,465 | -€10.5m | -13.3% |
| Other amounts receivable | 291 | €78,903,776 | €68,437,465 | -€10.5m | -13.3% |
| Amounts receivable within one year | 40/41 | €10,589,073 | €11,808,654 | +€1.2m | +11.5% |
| Trade receivables | 40 | €655,214 | €1,330,084 | +€674,870 | +103% |
| Other amounts receivable | 41 | €9,933,860 | €10,478,570 | +€544,710 | +5.5% |
| Cash at bank and in hand | 54/58 | €3,085,307 | €3,260,993 | +€175,685 | +5.7% |
| Deferred charges and accrued income | 490/1 | €804,024 | €714,118 | -€89,906 | -11.2% |
| Total equity and liabilities | 10/49 | €93,382,180 | €84,221,229 | -€9.2m | -9.8% |
| Equity | 10/15 | €2,299,093 | €2,501,940 | +€202,847 | +8.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,134,093 | €2,336,940 | +€202,847 | +9.5% |
| Provisions and deferred taxes | 16 | €684,513 | €684,513 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €684,513 | €684,513 | = | 0.0% |
| Other liabilities and charges | 164/5 | €684,513 | €684,513 | = | 0.0% |
| Amounts payable | 17/49 | €90,398,574 | €81,034,776 | -€9.4m | -10.4% |
| Amounts payable after more than one year | 17 | €78,899,143 | €68,433,447 | -€10.5m | -13.3% |
| Financial debts | 170/4 | €78,899,143 | €68,433,447 | -€10.5m | -13.3% |
| Credit institutions | 173 | €78,899,143 | €68,433,447 | -€10.5m | -13.3% |
| Amounts payable within one year | 42/48 | €10,617,674 | €11,801,152 | +€1.2m | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,933,276 | €10,465,696 | +€532,420 | +5.4% |
| Trade debts | 44 | €372 | €5,372 | +€5,001 | +1,346% |
| Suppliers | 440/4 | €372 | €5,372 | +€5,001 | +1,346% |
| Taxes, remuneration and social security | 45 | €684,026 | €1,330,084 | +€646,058 | +94.4% |
| Taxes | 450/3 | €684,026 | €1,330,084 | +€646,058 | +94.4% |
| Accrued charges and deferred income | 492/3 | €881,758 | €800,177 | -€81,580 | -9.3% |
| Operating income | 70/76A | €1,181,858 | €1,172,825 | -€9,033 | -0.8% |
| Other operating income | 74 | €1,181,858 | €1,172,825 | -€9,033 | -0.8% |
| Operating charges | 60/66A | €1,005,539 | €1,046,713 | +€41,174 | +4.1% |
| Services and other goods | 61 | €337,647 | €371,723 | +€34,076 | +10.1% |
| Other operating charges | 640/8 | €667,892 | €674,990 | +€7,098 | +1.1% |
| Operating profit (loss) | 9901 | €176,319 | €126,112 | -€50,207 | -28.5% |
| Financial income | 75/76B | €5,158,310 | €4,627,201 | -€531,109 | -10.3% |
| Recurring financial income | 75 | €5,158,310 | €4,627,201 | -€531,109 | -10.3% |
| Income from current assets | 751 | €5,158,310 | €4,627,201 | -€531,109 | -10.3% |
| Financial charges | 65/66B | €4,997,221 | €4,482,726 | -€514,495 | -10.3% |
| Recurring financial charges | 65 | €4,997,221 | €4,482,726 | -€514,495 | -10.3% |
| Debt charges | 650 | €4,996,986 | €4,482,488 | -€514,498 | -10.3% |
| Other financial charges | 652/9 | €235 | €238 | +€3 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €337,408 | €270,588 | -€66,820 | -19.8% |
| Income taxes | 67/77 | €85,418 | €67,741 | -€17,677 | -20.7% |
| Taxes | 670/3 | €85,418 | €67,741 | -€17,677 | -20.7% |
| Profit (loss) for the period | 9904 | €251,990 | €202,847 | -€49,143 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €251,990 | €202,847 | -€49,143 | -19.5% |
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 3 November 2026 via checked.be.