GJ IMMO: what changed
Two fiscal 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.
GJ IMMO
Largest movements
- Tangible fixed assets -€42,147
down €42,147 (-3.4%), from €1.2m to €1.2m
of which Land and buildings: -€30,651
- Receivables within one year -€21,413
down €21,413 (-72.5%), from €29,518 to €8,104
of which Other amounts receivable: -€15,756
- Cash +€15,821
up €15,821 (+295.8%), from €5,350 to €21,171
mainly Debts after one year (+€97,998) and Depreciation (+€46,181)
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year +€97,998
up €97,998 (+8.9%), from €1.1m to €1.2m
- Gross operating margin +€51,400
up €51,400 (+86.5%), from €59,434 to €110,834
- Depreciation +€21,927
up €21,927 (+90.4%), from €24,254 to €46,181
- Financial charges +€18,871
up €18,871 (+56.8%), from €33,229 to €52,100
- Other operating charges +€10,284
new in 2025: €10,284
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,259,039 | €1,224,844 | -€34,195 | -2.7% |
| Fixed assets | 21/28 | €1,224,066 | €1,181,919 | -€42,147 | -3.4% |
| Tangible fixed assets | 22/27 | €1,224,066 | €1,181,919 | -€42,147 | -3.4% |
| Land and buildings | 22 | €1,164,995 | €1,134,345 | -€30,651 | -2.6% |
| Furniture and vehicles | 24 | €52,370 | €41,964 | -€10,406 | -19.9% |
| Other tangible fixed assets | 26 | €6,700 | €5,611 | -€1,090 | -16.3% |
| Current assets | 29/58 | €34,973 | €42,925 | +€7,952 | +22.7% |
| Amounts receivable after more than one year | 29 | - | €12,546 | +€12,546 | |
| Other amounts receivable | 291 | - | €12,546 | +€12,546 | |
| Amounts receivable within one year | 40/41 | €29,518 | €8,104 | -€21,413 | -72.5% |
| Trade receivables | 40 | €13,265 | €7,608 | -€5,657 | -42.6% |
| Other amounts receivable | 41 | €16,253 | €496 | -€15,756 | -96.9% |
| Cash at bank and in hand | 54/58 | €5,350 | €21,171 | +€15,821 | +295.8% |
| Deferred charges and accrued income | 490/1 | €106 | €1,104 | +€998 | +939.6% |
| Total equity and liabilities | 10/49 | €1,259,039 | €1,224,844 | -€34,195 | -2.7% |
| Equity | 10/15 | -€158,432 | -€156,126 | +€2,306 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,432 | -€161,126 | +€2,306 | +1.4% |
| Amounts payable | 17/49 | €1,417,471 | €1,380,970 | -€36,501 | -2.6% |
| Amounts payable after more than one year | 17 | €1,107,267 | €1,205,265 | +€97,998 | +8.9% |
| Financial debts | 170/4 | €1,107,267 | €1,205,265 | +€97,998 | +8.9% |
| Amounts payable within one year | 42/48 | €303,064 | €166,224 | -€136,840 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €39,513 | €46,673 | +€7,160 | +18.1% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Other amounts payable | 47/48 | €113,551 | €119,551 | +€6,000 | +5.3% |
| Accrued charges and deferred income | 492/3 | €7,140 | €9,481 | +€2,341 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,254 | €46,181 | +€21,927 | +90.4% |
| Other operating charges | 640/8 | - | €10,284 | +€10,284 | |
| Non-recurring operating charges | 66A | €165,383 | - | -€165,383 | |
| Gross operating margin | 9900 | €59,434 | €110,834 | +€51,400 | +86.5% |
| Operating profit (loss) | 9901 | -€130,204 | €54,369 | +€184,573 | |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €33,229 | €52,100 | +€18,871 | +56.8% |
| Recurring financial charges | 65 | €33,229 | €52,100 | +€18,871 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€163,432 | €2,306 | +€165,738 | |
| Profit (loss) for the period | 9904 | -€163,432 | €2,306 | +€165,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€163,432 | €2,306 | +€165,738 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.