IMMO J.V.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.V.C.
Largest movements
- Cash -€461,445
down €461,445 (-32.9%), from €1.4m to €942,624
mainly Receivables within one year (-€379,066) and Debts after one year (-€80,000)
- Receivables within one year +€379,066
up €379,066 (+13,401%), from €2,829 to €381,894
of which Other amounts receivable: +€302,918
- Debts after one year -€80,000
down €80,000 (-37.5%), from €213,333 to €133,333
- Other debts +€77,250
up €77,250, from €0 to €77,250
- Reserves -€59,865
down €59,865 (-2.0%), from €2.9m to €2.9m
of which Distributable reserves: -€58,500
- Gross operating margin +€78,765
up €78,765 (+385%), from €20,445 to €99,210
- Depreciation -€13,766
down €13,766 (-17.3%), from €79,662 to €65,896
- Other operating charges -€5,178
down €5,178 (-29.9%), from €17,289 to €12,111
- Financial charges -€1,028
down €1,028 (-19.4%), from €5,302 to €4,274
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 | €4,800,455 | €4,746,913 | -€53,542 | -1.1% |
| Fixed assets | 21/28 | €3,384,550 | €3,376,398 | -€8,152 | -0.2% |
| Tangible fixed assets | 22/27 | €3,384,550 | €3,376,398 | -€8,152 | -0.2% |
| Land and buildings | 22 | €3,215,453 | €3,263,653 | +€48,200 | +1.5% |
| Plant, machinery and equipment | 23 | €32,800 | €7,800 | -€25,000 | -76.2% |
| Furniture and vehicles | 24 | €136,297 | €104,945 | -€31,352 | -23.0% |
| Current assets | 29/58 | €1,415,905 | €1,370,515 | -€45,390 | -3.2% |
| Stocks and contracts in progress | 3 | - | €36,712 | +€36,712 | |
| Stocks | 30/36 | - | €36,712 | +€36,712 | |
| Amounts receivable within one year | 40/41 | €2,829 | €381,894 | +€379,066 | +13,401% |
| Trade receivables | 40 | €737 | €76,885 | +€76,148 | +10,334% |
| Other amounts receivable | 41 | €2,092 | €305,009 | +€302,918 | +14,482% |
| Cash at bank and in hand | 54/58 | €1,404,068 | €942,624 | -€461,445 | -32.9% |
| Deferred charges and accrued income | 490/1 | €9,008 | €9,284 | +€276 | +3.1% |
| Total equity and liabilities | 10/49 | €4,800,455 | €4,746,913 | -€53,542 | -1.1% |
| Equity | 10/15 | €4,436,976 | €4,377,111 | -€59,865 | -1.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €2,936,976 | €2,877,111 | -€59,865 | -2.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,400 | €56,035 | -€1,365 | -2.4% |
| Distributable reserves | 133 | €2,729,576 | €2,671,076 | -€58,500 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €16,159 | €15,704 | -€455 | -2.8% |
| Deferred taxes | 168 | €16,159 | €15,704 | -€455 | -2.8% |
| Amounts payable | 17/49 | €347,321 | €354,099 | +€6,778 | +2.0% |
| Amounts payable after more than one year | 17 | €213,333 | €133,333 | -€80,000 | -37.5% |
| Financial debts | 170/4 | €213,333 | €133,333 | -€80,000 | -37.5% |
| Amounts payable within one year | 42/48 | €130,990 | €204,216 | +€73,226 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €34,344 | €42,745 | +€8,401 | +24.5% |
| Suppliers | 440/4 | €34,344 | €42,745 | +€8,401 | +24.5% |
| Taxes, remuneration and social security | 45 | €16,646 | €4,221 | -€12,425 | -74.6% |
| Taxes | 450/3 | €16,646 | €4,221 | -€12,425 | -74.6% |
| Other amounts payable | 47/48 | €0 | €77,250 | +€77,250 | |
| Accrued charges and deferred income | 492/3 | €2,999 | €16,550 | +€13,551 | +452% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,662 | €65,896 | -€13,766 | -17.3% |
| Other operating charges | 640/8 | €17,289 | €12,111 | -€5,178 | -29.9% |
| Gross operating margin | 9900 | €20,445 | €99,210 | +€78,765 | +385% |
| Operating profit (loss) | 9901 | -€76,506 | €21,204 | +€97,710 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €5,302 | €4,274 | -€1,028 | -19.4% |
| Recurring financial charges | 65 | €5,302 | €4,274 | -€1,028 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€81,803 | €16,930 | +€98,733 | |
| Transfer from deferred taxes | 780 | €302 | €455 | +€153 | +50.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €932 | €0 | -€932 | -100% |
| Profit (loss) for the period | 9904 | -€82,432 | €17,385 | +€99,817 | |
| Transfer from tax-exempt reserves | 789 | €907 | €1,365 | +€458 | +50.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,525 | €18,750 | +€100,275 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.