IMMO EJA: 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.
IMMO EJA
Largest movements
- Receivables within one year +€33,644
up €33,644 (+27.6%), from €121,908 to €155,552
- Cash +€32,183
up €32,183 (+153.9%), from €20,917 to €53,099
mainly Net result for the year (+€59,621) and Depreciation (+€16,712)
- Tangible fixed assets -€16,712
down €16,712 (-16.5%), from €101,555 to €84,843
- Reserves +€59,621
up €59,621 (+37.9%), from €157,107 to €216,729
of which Distributable reserves: +€59,621
- Debts after one year -€13,761
down €13,761 (-25.1%), from €54,901 to €41,140
- Gross operating margin +€3,847
up €3,847 (+4.1%), from €93,604 to €97,451
- Taxes +€1,001
up €1,001 (+5.3%), from €18,873 to €19,874
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 | €246,062 | €293,495 | +€47,433 | +19.3% |
| Fixed assets | 21/28 | €101,555 | €84,843 | -€16,712 | -16.5% |
| Tangible fixed assets | 22/27 | €101,555 | €84,843 | -€16,712 | -16.5% |
| Land and buildings | 22 | €101,555 | €84,843 | -€16,712 | -16.5% |
| Current assets | 29/58 | €144,506 | €208,652 | +€64,145 | +44.4% |
| Amounts receivable within one year | 40/41 | €121,908 | €155,552 | +€33,644 | +27.6% |
| Other amounts receivable | 41 | €121,908 | €155,552 | +€33,644 | +27.6% |
| Cash at bank and in hand | 54/58 | €20,917 | €53,099 | +€32,183 | +153.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €0 | -€1,682 | -100.0% |
| Total equity and liabilities | 10/49 | €246,062 | €293,495 | +€47,433 | +19.3% |
| Equity | 10/15 | €175,699 | €235,321 | +€59,621 | +33.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €157,107 | €216,729 | +€59,621 | +37.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,918 | €34,918 | = | 0.0% |
| Distributable reserves | 133 | €120,330 | €179,951 | +€59,621 | +49.5% |
| Amounts payable | 17/49 | €70,362 | €58,174 | -€12,188 | -17.3% |
| Amounts payable after more than one year | 17 | €54,901 | €41,140 | -€13,761 | -25.1% |
| Financial debts | 170/4 | €54,901 | €41,140 | -€13,761 | -25.1% |
| Amounts payable within one year | 42/48 | €15,461 | €17,034 | +€1,573 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €13,589 | €13,761 | +€172 | +1.3% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €1,873 | €2,874 | +€1,001 | +53.5% |
| Taxes | 450/3 | €1,873 | €2,874 | +€1,001 | +53.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,712 | €16,712 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €93,604 | €97,451 | +€3,847 | +4.1% |
| Operating profit (loss) | 9901 | €76,504 | €80,339 | +€3,835 | +5.0% |
| Financial charges | 65/66B | €1,014 | €844 | -€170 | -16.8% |
| Recurring financial charges | 65 | €1,014 | €844 | -€170 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €75,490 | €79,495 | +€4,005 | +5.3% |
| Income taxes | 67/77 | €18,873 | €19,874 | +€1,001 | +5.3% |
| Profit (loss) for the period | 9904 | €56,618 | €59,621 | +€3,004 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,618 | €59,621 | +€3,004 | +5.3% |
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 9 October 2026 via checked.be.