IMMO - JACO: 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 - JACO
Largest movements
- Cash +€7.5m
up €7.5m (+56876.7%), from €13,176 to €7.5m
mainly Net result for the year (+€6.0m) and Investment in fixed assets (net) (+€5.3m)
- Tangible fixed assets -€5.5m
down €5.5m (-51.0%), from €10.8m to €5.3m
of which Land and buildings: -€5.5m
- Profit (loss) carried forward +€5.7m
up €5.7m, from -€5.3m to €407,857
- Revaluation surpluses -€3.9m
down €3.9m (-58.6%), from €6.7m to €2.8m
- Reserves +€301,732
up €301,732 (+1452.9%), from €20,768 to €322,500
- Gross operating margin +€6.7m
up €6.7m, from -€151,365 to €6.6m
- Taxes +€402,796
new in 2025: €402,796
- Depreciation -€102,465
down €102,465 (-34.5%), from €296,844 to €194,379
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 | €10,796,613 | €12,862,164 | +€2.1m | +19.1% |
| Fixed assets | 21/28 | €10,778,029 | €5,276,672 | -€5.5m | -51.0% |
| Tangible fixed assets | 22/27 | €10,778,029 | €5,276,672 | -€5.5m | -51.0% |
| Land and buildings | 22 | €10,775,565 | €5,275,596 | -€5.5m | -51.0% |
| Furniture and vehicles | 24 | €2,464 | €1,076 | -€1,388 | -56.3% |
| Current assets | 29/58 | €18,584 | €7,585,492 | +€7.6m | +40717.3% |
| Amounts receivable within one year | 40/41 | - | €67,204 | +€67,204 | |
| Other amounts receivable | 41 | - | €67,204 | +€67,204 | |
| Cash at bank and in hand | 54/58 | €13,176 | €7,507,249 | +€7.5m | +56876.7% |
| Deferred charges and accrued income | 490/1 | €5,408 | €11,039 | +€5,631 | +104.1% |
| Total equity and liabilities | 10/49 | €10,796,613 | €12,862,164 | +€2.1m | +19.1% |
| Equity | 10/15 | €4,683,970 | €6,723,879 | +€2.0m | +43.6% |
| Contributions | 10/11 | €3,225,000 | €3,225,000 | = | 0.0% |
| Capital | 10 | €3,225,000 | €3,225,000 | = | 0.0% |
| Issued capital | 100 | €3,225,000 | €3,225,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,694,873 | €2,768,522 | -€3.9m | -58.6% |
| Reserves | 13 | €20,768 | €322,500 | +€301,732 | +1452.9% |
| Non-distributable reserves | 130/1 | €20,768 | €322,500 | +€301,732 | +1452.9% |
| Legal reserve | 130 | €20,768 | €322,500 | +€301,732 | +1452.9% |
| Profit (loss) carried forward | 14 | -€5,256,671 | €407,857 | +€5.7m | |
| Amounts payable | 17/49 | €6,112,643 | €6,138,285 | +€25,642 | +0.4% |
| Amounts payable within one year | 42/48 | €6,100,925 | €6,134,113 | +€33,188 | +0.5% |
| Trade debts | 44 | €62,202 | €13,840 | -€48,362 | -77.7% |
| Suppliers | 440/4 | €62,202 | €13,840 | -€48,362 | -77.7% |
| Other amounts payable | 47/48 | €6,038,723 | €6,120,273 | +€81,550 | +1.4% |
| Accrued charges and deferred income | 492/3 | €11,718 | €4,172 | -€7,546 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,844 | €194,379 | -€102,465 | -34.5% |
| Other operating charges | 640/8 | €32,586 | €4,613 | -€27,973 | -85.8% |
| Gross operating margin | 9900 | -€151,365 | €6,568,351 | +€6.7m | |
| Operating profit (loss) | 9901 | -€480,795 | €6,369,359 | +€6.9m | |
| Financial charges | 65/66B | €348 | €303 | -€45 | -12.9% |
| Recurring financial charges | 65 | €348 | €303 | -€45 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€481,143 | €6,369,056 | +€6.9m | |
| Income taxes | 67/77 | - | €402,796 | +€402,796 | |
| Profit (loss) for the period | 9904 | -€481,143 | €5,966,260 | +€6.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€481,143 | €5,966,260 | +€6.4m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.