IMMO JACK BART: 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 JACK BART
Largest movements
- Stocks and contracts -€443,085
down €443,085 (-100.0%), from €443,085 to €0
- Tangible fixed assets +€209,169
up €209,169 (+18.7%), from €1.1m to €1.3m
of which Land and buildings: +€246,062
- Receivables within one year +€75,273
up €75,273 (+118.6%), from €63,471 to €138,744
of which Trade receivables: +€53,030
- Cash +€28,351
up €28,351 (+270.1%), from €10,496 to €38,847
mainly Stocks and contracts (+€443,085) and Depreciation (+€118,468)
- Profit (loss) carried forward -€240,790
down €240,790 (-15.4%), from -€1.6m to -€1.8m
- Other debts +€42,008
up €42,008 (+3.4%), from €1.2m to €1.3m
- Trade debts +€31,879
up €31,879 (+138.5%), from €23,023 to €54,901
- Debts after one year +€27,153
up €27,153 (+2.0%), from €1.3m to €1.4m
- Gross operating margin +€107,727
up €107,727 (+75.4%), from -€142,850 to -€35,124
- Other operating charges -€54,528
down €54,528 (-69.4%), from €78,620 to €24,092
- Financial charges +€33,883
up €33,883 (+116.9%), from €28,985 to €62,868
- Depreciation +€28,121
up €28,121 (+31.1%), from €90,348 to €118,468
- Staff costs -€2,037
down €2,037 (-100.0%), from €2,037 to €0
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 | €1,633,185 | €1,509,453 | -€123,733 | -7.6% |
| Fixed assets | 21/28 | €1,116,134 | €1,325,303 | +€209,169 | +18.7% |
| Tangible fixed assets | 22/27 | €1,116,134 | €1,325,303 | +€209,169 | +18.7% |
| Land and buildings | 22 | €898,605 | €1,144,667 | +€246,062 | +27.4% |
| Plant, machinery and equipment | 23 | €4,458 | €2,103 | -€2,355 | -52.8% |
| Furniture and vehicles | 24 | €206,921 | €176,015 | -€30,906 | -14.9% |
| Other tangible fixed assets | 26 | €6,149 | €2,518 | -€3,631 | -59.1% |
| Current assets | 29/58 | €517,051 | €184,149 | -€332,902 | -64.4% |
| Stocks and contracts in progress | 3 | €443,085 | €0 | -€443,085 | -100.0% |
| Stocks | 30/36 | €443,085 | €0 | -€443,085 | -100.0% |
| Amounts receivable within one year | 40/41 | €63,471 | €138,744 | +€75,273 | +118.6% |
| Trade receivables | 40 | €43,850 | €96,880 | +€53,030 | +120.9% |
| Other amounts receivable | 41 | €19,621 | €41,864 | +€22,244 | +113.4% |
| Cash at bank and in hand | 54/58 | €10,496 | €38,847 | +€28,351 | +270.1% |
| Deferred charges and accrued income | 490/1 | - | €6,558 | +€6,558 | |
| Total equity and liabilities | 10/49 | €1,633,185 | €1,509,453 | -€123,733 | -7.6% |
| Equity | 10/15 | -€1,009,789 | -€1,250,579 | -€240,790 | -23.8% |
| Contributions | 10/11 | €556,141 | €556,141 | = | 0.0% |
| Outside capital | 11 | €556,141 | €556,141 | = | 0.0% |
| Share premium | 1100/10 | €556,141 | - | -€556,141 | |
| Other | 1109/19 | - | €556,141 | +€556,141 | |
| Profit (loss) carried forward | 14 | -€1,565,930 | -€1,806,719 | -€240,790 | -15.4% |
| Amounts payable | 17/49 | €2,642,974 | €2,760,032 | +€117,057 | +4.4% |
| Amounts payable after more than one year | 17 | €1,334,754 | €1,361,907 | +€27,153 | +2.0% |
| Financial debts | 170/4 | €1,334,754 | €1,361,907 | +€27,153 | +2.0% |
| Amounts payable within one year | 42/48 | €1,308,220 | €1,393,044 | +€84,824 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €40,401 | €51,464 | +€11,063 | +27.4% |
| Trade debts | 44 | €23,023 | €54,901 | +€31,879 | +138.5% |
| Suppliers | 440/4 | €23,023 | €54,901 | +€31,879 | +138.5% |
| Taxes, remuneration and social security | 45 | €5,924 | €5,798 | -€126 | -2.1% |
| Taxes | 450/3 | €5,924 | €5,798 | -€126 | -2.1% |
| Other amounts payable | 47/48 | €1,238,873 | €1,280,881 | +€42,008 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €5,080 | +€5,080 | |
| Non-recurring operating income | 76A | - | €768 | +€768 | |
| Remuneration, social security and pensions | 62 | €2,037 | €0 | -€2,037 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,348 | €118,468 | +€28,121 | +31.1% |
| Other operating charges | 640/8 | €78,620 | €24,092 | -€54,528 | -69.4% |
| Gross operating margin | 9900 | -€142,850 | -€35,124 | +€107,727 | +75.4% |
| Operating profit (loss) | 9901 | -€313,855 | -€177,684 | +€136,171 | +43.4% |
| Financial income | 75/76B | €0 | €410 | +€410 | +4099800.0% |
| Recurring financial income | 75 | €0 | €410 | +€410 | +4099800.0% |
| Financial charges | 65/66B | €28,985 | €62,868 | +€33,883 | +116.9% |
| Recurring financial charges | 65 | €28,985 | €62,868 | +€33,883 | +116.9% |
| Profit (loss) for the period before taxes | 9903 | -€342,840 | -€240,142 | +€102,698 | +30.0% |
| Income taxes | 67/77 | €2,367 | €648 | -€1,719 | -72.6% |
| Profit (loss) for the period | 9904 | -€345,207 | -€240,790 | +€104,418 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€345,207 | -€240,790 | +€104,418 | +30.2% |
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 5 October 2026 via checked.be.