Immo H. JASPERS: 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 H. JASPERS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+16.5%), from €7.2m to €8.4m
of which Assets under construction and advance payments: +€1.3m
- Other debts +€1.2m
up €1.2m (+17.4%), from €7.2m to €8.4m
- Debts after one year -€127,527
down €127,527 (-21.0%), from €607,739 to €480,212
- Other operating charges -€301,770
down €301,770 (-94.0%), from €321,188 to €19,418
- Gross operating margin +€66,083
up €66,083 (+44.1%), from €149,759 to €215,842
- Depreciation -€34,642
down €34,642 (-22.4%), from €154,751 to €120,108
- Financial charges -€9,813
down €9,813 (-27.4%), from €35,863 to €26,050
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 | €7,796,967 | €8,972,234 | +€1.2m | +15.1% |
| Fixed assets | 21/28 | €7,238,253 | €8,431,921 | +€1.2m | +16.5% |
| Tangible fixed assets | 22/27 | €7,238,253 | €8,431,921 | +€1.2m | +16.5% |
| Land and buildings | 22 | €5,438,437 | €5,330,846 | -€107,591 | -2.0% |
| Furniture and vehicles | 24 | €9,860 | €8,343 | -€1,517 | -15.4% |
| Assets under construction and advance payments | 27 | €1,789,956 | €3,092,732 | +€1.3m | +72.8% |
| Current assets | 29/58 | €558,714 | €540,313 | -€18,401 | -3.3% |
| Stocks and contracts in progress | 3 | €539,252 | €539,252 | = | 0.0% |
| Stocks | 30/36 | €539,252 | €539,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,461 | €0 | -€17,461 | -100.0% |
| Trade receivables | 40 | €17,461 | €0 | -€17,461 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,001 | €1,061 | -€940 | -47.0% |
| Total equity and liabilities | 10/49 | €7,796,967 | €8,972,234 | +€1.2m | +15.1% |
| Equity | 10/15 | -€128,965 | -€63,295 | +€65,669 | +50.9% |
| Contributions | 10/11 | €532,031 | €532,031 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€660,995 | -€595,326 | +€65,669 | +9.9% |
| Amounts payable | 17/49 | €7,925,932 | €9,035,529 | +€1.1m | +14.0% |
| Amounts payable after more than one year | 17 | €607,739 | €480,212 | -€127,527 | -21.0% |
| Financial debts | 170/4 | €607,739 | €480,212 | -€127,527 | -21.0% |
| Amounts payable within one year | 42/48 | €7,318,192 | €8,555,317 | +€1.2m | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €134,616 | €127,527 | -€7,089 | -5.3% |
| Financial debts | 43 | €1,958 | - | -€1,958 | |
| Credit institutions | 430/8 | €1,958 | - | -€1,958 | |
| Trade debts | 44 | €16,778 | €18,211 | +€1,433 | +8.5% |
| Suppliers | 440/4 | €16,778 | €18,211 | +€1,433 | +8.5% |
| Other amounts payable | 47/48 | €7,164,840 | €8,409,578 | +€1.2m | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,751 | €120,108 | -€34,642 | -22.4% |
| Other operating charges | 640/8 | €321,188 | €19,418 | -€301,770 | -94.0% |
| Gross operating margin | 9900 | €149,759 | €215,842 | +€66,083 | +44.1% |
| Operating profit (loss) | 9901 | -€326,180 | €76,316 | +€402,496 | |
| Financial income | 75/76B | €15 | €24 | +€9 | +60.2% |
| Recurring financial income | 75 | €15 | €24 | +€9 | +60.2% |
| Financial charges | 65/66B | €35,863 | €26,050 | -€9,813 | -27.4% |
| Recurring financial charges | 65 | €35,863 | €26,050 | -€9,813 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€362,027 | €50,290 | +€412,317 | |
| Profit (loss) for the period | 9904 | -€362,027 | €50,290 | +€412,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€362,027 | €50,290 | +€412,317 |
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 11 October 2026 via checked.be.