IMMO - J.M.C.: 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 - J.M.C.
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+142%), from €1.4m to €3.3m
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets +€323,537
up €323,537 (+9.0%), from €3.6m to €3.9m
of which Land and buildings: +€323,404
- Receivables within one year -€142,909
down €142,909 (-9.9%), from €1.4m to €1.3m
of which Other amounts receivable: -€206,714
- Cash +€119,603
up €119,603 (+36.0%), from €332,163 to €451,766
mainly Debts after one year (+€2.9m) and Depreciation (+€248,052)
- Debts after one year +€2.9m
up €2.9m (+103%), from €2.8m to €5.6m
of which Financial debts: +€2.9m
- Purchases and services -€249,685
down €249,685 (-38.4%), from €649,439 to €399,754
- Turnover -€178,687
down €178,687 (-17.7%), from €1.0m to €829,823
- Gross operating margin +€70,998
up €70,998 (+19.8%), from €359,071 to €430,068
- Financial income +€67,479
up €67,479 (+81.7%), from €82,565 to €150,043
of which Non-recurring financial income: +€91,317
- Other operating charges -€38,650
down €38,650 (-20.7%), from €186,293 to €147,642
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.
Derived cash bridge
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 | €6,732,888 | €9,489,195 | +€2.8m | +40.9% |
| Fixed assets | 21/28 | €3,581,177 | €3,904,714 | +€323,537 | +9.0% |
| Tangible fixed assets | 22/27 | €3,581,177 | €3,904,714 | +€323,537 | +9.0% |
| Land and buildings | 22 | €3,579,696 | €3,903,100 | +€323,404 | +9.0% |
| Plant, machinery and equipment | 23 | €191 | €41 | -€150 | -78.6% |
| Furniture and vehicles | 24 | €1,291 | €1,573 | +€283 | +21.9% |
| Current assets | 29/58 | €3,151,710 | €5,584,481 | +€2.4m | +77.2% |
| Stocks and contracts in progress | 3 | €1,372,853 | €3,328,829 | +€2.0m | +142% |
| Stocks | 30/36 | €1,372,853 | €3,328,829 | +€2.0m | +142% |
| Amounts receivable within one year | 40/41 | €1,445,388 | €1,302,480 | -€142,909 | -9.9% |
| Trade receivables | 40 | €676,237 | €740,043 | +€63,805 | +9.4% |
| Other amounts receivable | 41 | €769,151 | €562,437 | -€206,714 | -26.9% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €332,163 | €451,766 | +€119,603 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,306 | €1,405 | +€99 | +7.6% |
| Total equity and liabilities | 10/49 | €6,732,888 | €9,489,195 | +€2.8m | +40.9% |
| Equity | 10/15 | €2,890,089 | €2,857,145 | -€32,944 | -1.1% |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Capital | 10 | €395,000 | €395,000 | = | 0.0% |
| Issued capital | 100 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €2,642,180 | €2,552,524 | -€89,656 | -3.4% |
| Non-distributable reserves | 130/1 | €52,848 | €52,848 | = | 0.0% |
| Legal reserve | 130 | €39,500 | €39,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €13,348 | +€13,348 | |
| Other | 1319 | €13,348 | - | -€13,348 | |
| Tax-exempt reserves | 132 | €1,817,073 | €1,727,417 | -€89,656 | -4.9% |
| Distributable reserves | 133 | €772,259 | €772,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,091 | -€90,379 | +€56,712 | +38.6% |
| Provisions and deferred taxes | 16 | €535,431 | €506,209 | -€29,222 | -5.5% |
| Deferred taxes | 168 | €535,431 | €506,209 | -€29,222 | -5.5% |
| Amounts payable | 17/49 | €3,307,368 | €6,125,841 | +€2.8m | +85.2% |
| Amounts payable after more than one year | 17 | €2,782,099 | €5,646,663 | +€2.9m | +103% |
| Financial debts | 170/4 | €2,702,092 | €5,564,018 | +€2.9m | +106% |
| Other amounts payable | 178/9 | €80,008 | €82,645 | +€2,638 | +3.3% |
| Amounts payable within one year | 42/48 | €525,269 | €479,177 | -€46,091 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €296,781 | €296,781 | = | 0.0% |
| Trade debts | 44 | €205,391 | €151,907 | -€53,484 | -26.0% |
| Suppliers | 440/4 | €205,391 | €151,907 | -€53,484 | -26.0% |
| Taxes, remuneration and social security | 45 | €10,290 | €11,920 | +€1,630 | +15.8% |
| Taxes | 450/3 | €1,585 | €2,045 | +€459 | +29.0% |
| Remuneration and social security | 454/9 | €8,705 | €9,876 | +€1,170 | +13.4% |
| Other amounts payable | 47/48 | €12,806 | €18,569 | +€5,763 | +45.0% |
| Turnover | 70 | €1,008,510 | €829,823 | -€178,687 | -17.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €649,439 | €399,754 | -€249,685 | -38.4% |
| Remuneration, social security and pensions | 62 | €65,266 | €80,776 | +€15,511 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,661 | €248,052 | +€23,390 | +10.4% |
| Other operating charges | 640/8 | €186,293 | €147,642 | -€38,650 | -20.7% |
| Gross operating margin | 9900 | €359,071 | €430,068 | +€70,998 | +19.8% |
| Operating profit (loss) | 9901 | -€117,149 | -€46,402 | +€70,747 | +60.4% |
| Financial income | 75/76B | €82,565 | €150,043 | +€67,479 | +81.7% |
| Recurring financial income | 75 | €42,560 | €18,721 | -€23,838 | -56.0% |
| Non-recurring financial income | 76B | €40,005 | €131,322 | +€91,317 | +228% |
| Financial charges | 65/66B | €132,054 | €165,807 | +€33,754 | +25.6% |
| Recurring financial charges | 65 | €132,054 | €165,807 | +€33,754 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€166,638 | -€62,166 | +€104,473 | +62.7% |
| Income taxes | 67/77 | €11,266 | - | -€11,266 | |
| Profit (loss) for the period | 9904 | -€177,905 | -€62,166 | +€115,739 | +65.1% |
| Transfer from tax-exempt reserves | 789 | €106,775 | €118,878 | +€12,103 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,130 | €56,712 | +€127,842 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.