IMMO J.P.: 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.P.
Largest movements
- Tangible fixed assets -€87,784
down €87,784 (-7.5%), from €1.2m to €1.1m
of which Land and buildings: -€86,878
- Cash +€20,287
up €20,287 (+3.8%), from €537,427 to €557,714
mainly Depreciation (+€106,054) and Tax, wage and social debts (+€6,193)
- Reserves -€39,691
down €39,691 (-7.1%), from €555,318 to €515,627
of which Tax-exempt reserves: -€39,691
- Provisions -€18,867
down €18,867 (-8.9%), from €211,698 to €192,831
- Taxes -€88,389
down €88,389 (-93.4%), from €94,626 to €6,237
- Depreciation -€7,839
down €7,839 (-6.9%), from €113,893 to €106,054
- Gross operating margin -€3,267
down €3,267 (-3.6%), from €91,268 to €88,001
- Other operating charges +€1,964
up €1,964 (+12.9%), from €15,259 to €17,223
- Financial charges -€1,132
down €1,132 (-54.2%), from €2,089 to €957
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 | €1,718,567 | €1,650,857 | -€67,710 | -3.9% |
| Fixed assets | 21/28 | €1,175,789 | €1,088,005 | -€87,784 | -7.5% |
| Tangible fixed assets | 22/27 | €1,175,789 | €1,088,005 | -€87,784 | -7.5% |
| Land and buildings | 22 | €1,172,518 | €1,085,640 | -€86,878 | -7.4% |
| Plant, machinery and equipment | 23 | €2,826 | €2,215 | -€611 | -21.6% |
| Furniture and vehicles | 24 | €445 | €150 | -€295 | -66.2% |
| Current assets | 29/58 | €542,778 | €562,852 | +€20,074 | +3.7% |
| Amounts receivable within one year | 40/41 | €9 | €8 | -€1 | -11.1% |
| Trade receivables | 40 | €9 | €8 | -€1 | -11.1% |
| Cash at bank and in hand | 54/58 | €537,427 | €557,714 | +€20,287 | +3.8% |
| Deferred charges and accrued income | 490/1 | €5,342 | €5,130 | -€212 | -4.0% |
| Total equity and liabilities | 10/49 | €1,718,567 | €1,650,857 | -€67,710 | -3.9% |
| Equity | 10/15 | €1,305,226 | €1,281,772 | -€23,454 | -1.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €555,318 | €515,627 | -€39,691 | -7.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €466,346 | €426,655 | -€39,691 | -8.5% |
| Distributable reserves | 133 | €78,972 | €78,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649,909 | €666,145 | +€16,236 | +2.5% |
| Provisions and deferred taxes | 16 | €211,698 | €192,831 | -€18,867 | -8.9% |
| Deferred taxes | 168 | €211,698 | €192,831 | -€18,867 | -8.9% |
| Amounts payable | 17/49 | €201,643 | €176,254 | -€25,389 | -12.6% |
| Amounts payable after more than one year | 17 | €12,705 | - | -€12,705 | |
| Financial debts | 170/4 | €12,705 | - | -€12,705 | |
| Amounts payable within one year | 42/48 | €187,407 | €174,357 | -€13,050 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €29,851 | €12,705 | -€17,146 | -57.4% |
| Trade debts | 44 | €5,776 | €5,760 | -€17 | -0.3% |
| Suppliers | 440/4 | €5,776 | €5,760 | -€17 | -0.3% |
| Taxes, remuneration and social security | 45 | €94,414 | €100,606 | +€6,193 | +6.6% |
| Taxes | 450/3 | €94,414 | €100,606 | +€6,193 | +6.6% |
| Other amounts payable | 47/48 | €57,366 | €55,286 | -€2,080 | -3.6% |
| Accrued charges and deferred income | 492/3 | €1,531 | €1,898 | +€367 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,893 | €106,054 | -€7,839 | -6.9% |
| Other operating charges | 640/8 | €15,259 | €17,223 | +€1,964 | +12.9% |
| Gross operating margin | 9900 | €91,268 | €88,001 | -€3,267 | -3.6% |
| Operating profit (loss) | 9901 | -€37,885 | -€35,277 | +€2,608 | +6.9% |
| Financial income | 75/76B | €727 | €150 | -€577 | -79.4% |
| Recurring financial income | 75 | €727 | €150 | -€577 | -79.4% |
| Financial charges | 65/66B | €2,089 | €957 | -€1,132 | -54.2% |
| Recurring financial charges | 65 | €2,089 | €957 | -€1,132 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,247 | -€36,084 | +€3,163 | +8.1% |
| Transfer from deferred taxes | 780 | €115,606 | €18,867 | -€96,739 | -83.7% |
| Income taxes | 67/77 | €94,626 | €6,237 | -€88,389 | -93.4% |
| Profit (loss) for the period | 9904 | -€18,267 | -€23,454 | -€5,187 | -28.4% |
| Transfer from tax-exempt reserves | 789 | €269,994 | €39,691 | -€230,303 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €251,727 | €16,236 | -€235,491 | -93.6% |
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 16 October 2026 via checked.be.