IMMO J & L: 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 & L
Largest movements
- Cash +€1.2m
up €1.2m (+4365.1%), from €27,543 to €1.2m
mainly Investment in fixed assets (net) (+€640,444) and Net result for the year (+€502,645)
- Tangible fixed assets -€657,519
down €657,519 (-74.7%), from €879,883 to €222,364
of which Land and buildings: -€657,271
- Reserves +€441,429
up €441,429 (+63.6%), from €694,256 to €1.1m
of which Tax-exempt reserves: +€256,012
- Other debts +€177,344
up €177,344 (+1401.3%), from €12,656 to €190,000
- Revaluation surpluses -€137,143
down €137,143 (-100.0%), from €137,143 to €0
- Profit (loss) carried forward -€128,783
down €128,783 (-100.0%), from €128,783 to €0
- Tax, wage and social debts +€102,168
new in 2025: €102,168
- Gross operating margin +€657,863
up €657,863 (+947.9%), from €69,402 to €727,264
- Taxes +€105,937
up €105,937 (+669.1%), from €15,832 to €121,768
- Depreciation -€19,393
down €19,393 (-53.2%), from €36,468 to €17,075
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 | €1,334,202 | €1,869,313 | +€535,112 | +40.1% |
| Fixed assets | 21/28 | €879,883 | €222,364 | -€657,519 | -74.7% |
| Tangible fixed assets | 22/27 | €879,883 | €222,364 | -€657,519 | -74.7% |
| Land and buildings | 22 | €879,634 | €222,364 | -€657,271 | -74.7% |
| Furniture and vehicles | 24 | €248 | €0 | -€248 | -100.0% |
| Current assets | 29/58 | €454,319 | €1,646,950 | +€1.2m | +262.5% |
| Amounts receivable within one year | 40/41 | €419,912 | €415,683 | -€4,230 | -1.0% |
| Other amounts receivable | 41 | €419,912 | €415,683 | -€4,230 | -1.0% |
| Cash at bank and in hand | 54/58 | €27,543 | €1,229,831 | +€1.2m | +4365.1% |
| Deferred charges and accrued income | 490/1 | €6,864 | €1,436 | -€5,428 | -79.1% |
| Total equity and liabilities | 10/49 | €1,334,202 | €1,869,313 | +€535,112 | +40.1% |
| Equity | 10/15 | €1,225,380 | €1,400,882 | +€175,503 | +14.3% |
| Contributions | 10/11 | €265,197 | €265,197 | = | 0.0% |
| Capital | 10 | €265,197 | €265,197 | = | 0.0% |
| Issued capital | 100 | €265,197 | €265,197 | = | 0.0% |
| Revaluation surpluses | 12 | €137,143 | €0 | -€137,143 | -100.0% |
| Reserves | 13 | €694,256 | €1,135,685 | +€441,429 | +63.6% |
| Non-distributable reserves | 130/1 | €56,520 | €56,520 | = | 0.0% |
| Legal reserve | 130 | €56,520 | €56,520 | = | 0.0% |
| Tax-exempt reserves | 132 | €270,936 | €526,948 | +€256,012 | +94.5% |
| Distributable reserves | 133 | €366,800 | €552,217 | +€185,417 | +50.5% |
| Profit (loss) carried forward | 14 | €128,783 | €0 | -€128,783 | -100.0% |
| Provisions and deferred taxes | 16 | €90,312 | €175,649 | +€85,337 | +94.5% |
| Deferred taxes | 168 | €90,312 | €175,649 | +€85,337 | +94.5% |
| Amounts payable | 17/49 | €18,510 | €292,782 | +€274,272 | +1481.8% |
| Amounts payable after more than one year | 17 | €4,095 | €0 | -€4,095 | -100.0% |
| Other amounts payable | 178/9 | €4,095 | €0 | -€4,095 | -100.0% |
| Amounts payable within one year | 42/48 | €12,915 | €292,782 | +€279,867 | +2167.0% |
| Trade debts | 44 | €259 | €614 | +€354 | +136.6% |
| Suppliers | 440/4 | €259 | €614 | +€354 | +136.6% |
| Taxes, remuneration and social security | 45 | - | €102,168 | +€102,168 | |
| Taxes | 450/3 | - | €102,168 | +€102,168 | |
| Other amounts payable | 47/48 | €12,656 | €190,000 | +€177,344 | +1401.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Non-recurring operating income | 76A | €11,080 | €716,699 | +€705,619 | +6368.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,468 | €17,075 | -€19,393 | -53.2% |
| Other operating charges | 640/8 | €11,985 | €12,315 | +€330 | +2.8% |
| Gross operating margin | 9900 | €69,402 | €727,264 | +€657,863 | +947.9% |
| Operating profit (loss) | 9901 | €20,949 | €697,874 | +€676,925 | +3231.3% |
| Financial income | 75/76B | €8,423 | €12,237 | +€3,814 | +45.3% |
| Recurring financial income | 75 | €8,423 | €12,237 | +€3,814 | +45.3% |
| Financial charges | 65/66B | €74 | €360 | +€286 | +387.1% |
| Recurring financial charges | 65 | €74 | €45 | -€29 | -39.1% |
| Non-recurring financial charges | 66B | - | €315 | +€315 | |
| Profit (loss) for the period before taxes | 9903 | €29,298 | €709,751 | +€680,453 | +2322.5% |
| Transfer from deferred taxes | 780 | €5,022 | €88,302 | +€83,279 | +1658.2% |
| Transfer to deferred taxes | 680 | - | €173,639 | +€173,639 | |
| Income taxes | 67/77 | €15,832 | €121,768 | +€105,937 | +669.1% |
| Profit (loss) for the period | 9904 | €18,488 | €502,645 | +€484,157 | +2618.7% |
| Transfer from tax-exempt reserves | 789 | €15,067 | €264,905 | +€249,838 | +1658.2% |
| Transfer to tax-exempt reserves | 689 | - | €520,917 | +€520,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,555 | €246,634 | +€213,078 | +635.0% |
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 4 October 2026 via checked.be.