IMMO J.D.S.E.: 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.
IMMO J.D.S.E.
Largest movements
- Tangible fixed assets +€16,165
up €16,165 (+4.3%), from €379,315 to €395,480
of which Furniture and vehicles: +€32,516
- Cash -€7,908
down €7,908 (-61.2%), from €12,926 to €5,018
mainly Investment in fixed assets (net) (-€38,659) and Net result for the year (-€2,637)
- Debts after one year +€5,475
up €5,475 (+1.7%), from €322,778 to €328,254
of which Financial debts: +€4,275
- Current portion of long-term debt +€5,340
up €5,340 (+31.6%), from €16,885 to €22,225
- Gross operating margin -€13,154
down €13,154 (-29.1%), from €45,234 to €32,080
- Taxes -€4,807
down €4,807 (-98.4%), from €4,886 to €79
- Depreciation +€4,229
up €4,229 (+23.2%), from €18,266 to €22,494
- Financial charges +€819
up €819 (+10.2%), from €8,052 to €8,872
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 | €392,240 | €400,497 | +€8,257 | +2.1% |
| Fixed assets | 21/28 | €379,315 | €395,480 | +€16,165 | +4.3% |
| Tangible fixed assets | 22/27 | €379,315 | €395,480 | +€16,165 | +4.3% |
| Land and buildings | 22 | €359,729 | €343,378 | -€16,351 | -4.5% |
| Furniture and vehicles | 24 | €19,586 | €52,102 | +€32,516 | +166.0% |
| Current assets | 29/58 | €12,926 | €5,018 | -€7,908 | -61.2% |
| Cash at bank and in hand | 54/58 | €12,926 | €5,018 | -€7,908 | -61.2% |
| Total equity and liabilities | 10/49 | €392,240 | €400,497 | +€8,257 | +2.1% |
| Equity | 10/15 | €36,079 | €33,442 | -€2,637 | -7.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,079 | €18,442 | -€2,637 | -12.5% |
| Amounts payable | 17/49 | €356,161 | €367,056 | +€10,894 | +3.1% |
| Amounts payable after more than one year | 17 | €322,778 | €328,254 | +€5,475 | +1.7% |
| Financial debts | 170/4 | €322,178 | €326,454 | +€4,275 | +1.3% |
| Other amounts payable | 178/9 | €600 | €1,800 | +€1,200 | +200.0% |
| Amounts payable within one year | 42/48 | €33,383 | €38,802 | +€5,419 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €16,885 | €22,225 | +€5,340 | +31.6% |
| Taxes, remuneration and social security | 45 | €4,184 | €4,263 | +€79 | +1.9% |
| Taxes | 450/3 | €4,184 | €4,263 | +€79 | +1.9% |
| Other amounts payable | 47/48 | €12,314 | €12,314 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,266 | €22,494 | +€4,229 | +23.2% |
| Other operating charges | 640/8 | €3,562 | €3,272 | -€289 | -8.1% |
| Gross operating margin | 9900 | €45,234 | €32,080 | -€13,154 | -29.1% |
| Operating profit (loss) | 9901 | €23,406 | €6,313 | -€17,093 | -73.0% |
| Financial charges | 65/66B | €8,052 | €8,872 | +€819 | +10.2% |
| Recurring financial charges | 65 | €8,052 | €8,872 | +€819 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €15,354 | -€2,558 | -€17,912 | |
| Income taxes | 67/77 | €4,886 | €79 | -€4,807 | -98.4% |
| Profit (loss) for the period | 9904 | €10,468 | -€2,637 | -€13,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,468 | -€2,637 | -€13,106 |
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 3 October 2026 via checked.be.