IMMO J.M.: 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.M.
Largest movements
- Receivables within one year -€157,065
down €157,065 (-58.7%), from €267,493 to €110,427
of which Trade receivables: -€147,588
- Tangible fixed assets -€36,591
down €36,591 (-8.8%), from €417,685 to €381,094
- Stocks and contracts -€28,600
down €28,600 (-2.3%), from €1.2m to €1.2m
of which Stocks: -€35,000
- Cash +€23,206
up €23,206 (+664.2%), from €3,494 to €26,700
mainly Receivables within one year (+€157,065) and Investment in fixed assets (net) (+€34,091)
- Revaluation surpluses -€110,000
down €110,000 (-100.0%), from €110,000 to €0
- Debts after one year -€83,542
down €83,542 (-5.0%), from €1.7m to €1.6m
- Other debts -€33,964
down €33,964 (-41.0%), from €82,837 to €48,873
- Financial charges +€3,338
up €3,338 (+132.7%), from €2,515 to €5,853
- Other operating charges -€3,170
down €3,170 (-30.8%), from €10,292 to €7,121
- Gross operating margin -€1,274
down €1,274 (-6.8%), from €18,659 to €17,385
- Taxes -€848
down €848 (-100.0%), from €848 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,262,805 | €2,069,071 | -€193,734 | -8.6% |
| Fixed assets | 21/28 | €417,685 | €383,594 | -€34,091 | -8.2% |
| Tangible fixed assets | 22/27 | €417,685 | €381,094 | -€36,591 | -8.8% |
| Land and buildings | 22 | €417,685 | €381,094 | -€36,591 | -8.8% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €1,845,120 | €1,685,477 | -€159,643 | -8.7% |
| Amounts receivable after more than one year | 29 | €335,000 | €335,000 | = | 0.0% |
| Trade receivables | 290 | €335,000 | €335,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,239,103 | €1,210,503 | -€28,600 | -2.3% |
| Stocks | 30/36 | €433,203 | €398,203 | -€35,000 | -8.1% |
| Contracts in progress | 37 | €805,900 | €812,300 | +€6,400 | +0.8% |
| Amounts receivable within one year | 40/41 | €267,493 | €110,427 | -€157,065 | -58.7% |
| Trade receivables | 40 | €246,515 | €98,927 | -€147,588 | -59.9% |
| Other amounts receivable | 41 | €20,978 | €11,501 | -€9,477 | -45.2% |
| Cash at bank and in hand | 54/58 | €3,494 | €26,700 | +€23,206 | +664.2% |
| Deferred charges and accrued income | 490/1 | €30 | €2,846 | +€2,816 | +9247.9% |
| Total equity and liabilities | 10/49 | €2,262,805 | €2,069,071 | -€193,734 | -8.6% |
| Equity | 10/15 | €223,584 | €117,995 | -€105,589 | -47.2% |
| Contributions | 10/11 | €45,860 | €45,860 | = | 0.0% |
| Outside capital | 11 | €45,860 | €45,860 | = | 0.0% |
| Other | 1109/19 | €45,860 | €45,860 | = | 0.0% |
| Revaluation surpluses | 12 | €110,000 | €0 | -€110,000 | -100.0% |
| Reserves | 13 | €67,723 | €72,135 | +€4,411 | +6.5% |
| Non-distributable reserves | 130/1 | €4,586 | €4,586 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,586 | €4,586 | = | 0.0% |
| Distributable reserves | 133 | €63,137 | €67,548 | +€4,411 | +7.0% |
| Amounts payable | 17/49 | €2,039,221 | €1,951,076 | -€88,145 | -4.3% |
| Amounts payable after more than one year | 17 | €1,671,583 | €1,588,041 | -€83,542 | -5.0% |
| Financial debts | 170/4 | €1,671,583 | €1,588,041 | -€83,542 | -5.0% |
| Amounts payable within one year | 42/48 | €367,638 | €363,035 | -€4,603 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €1,442 | €7,841 | +€6,398 | +443.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €91,668 | €102,587 | +€10,920 | +11.9% |
| Suppliers | 440/4 | €91,668 | €102,587 | +€10,920 | +11.9% |
| Advances received on contracts in progress | 46 | €181,893 | €189,637 | +€7,744 | +4.3% |
| Taxes, remuneration and social security | 45 | €9,797 | €14,096 | +€4,299 | +43.9% |
| Taxes | 450/3 | €9,797 | €14,096 | +€4,299 | +43.9% |
| Other amounts payable | 47/48 | €82,837 | €48,873 | -€33,964 | -41.0% |
| Non-recurring operating income | 76A | - | €63,966 | +€63,966 | |
| Other operating charges | 640/8 | €10,292 | €7,121 | -€3,170 | -30.8% |
| Gross operating margin | 9900 | €18,659 | €17,385 | -€1,274 | -6.8% |
| Operating profit (loss) | 9901 | €8,367 | €10,263 | +€1,896 | +22.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,515 | €5,853 | +€3,338 | +132.7% |
| Recurring financial charges | 65 | €2,515 | €5,853 | +€3,338 | +132.7% |
| Profit (loss) for the period before taxes | 9903 | €5,852 | €4,411 | -€1,441 | -24.6% |
| Income taxes | 67/77 | €848 | €0 | -€848 | -100.0% |
| Profit (loss) for the period | 9904 | €5,004 | €4,411 | -€593 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,004 | €4,411 | -€593 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.