IMMO-JAMBES: 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-JAMBES
Largest movements
- Tangible fixed assets -€38,232
down €38,232 (-3.5%), from €1.1m to €1.0m
of which Land and buildings: -€44,772
- Current investments +€30,809
up €30,809 (+7.8%), from €397,054 to €427,863
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€69,511
down €69,511 (-68.8%), from €101,054 to €31,543
- Taxes -€14,099
down €14,099 (-76.0%), from €18,549 to €4,450
- Financial income +€13,818
up €13,818 (+104%), from €13,306 to €27,124
- Financial charges -€3,157
down €3,157 (-75.6%), from €4,175 to €1,018
- Write-downs +€2,815
new in 2025: €2,815
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 | €1,752,245 | €1,734,837 | -€17,408 | -1.0% |
| Fixed assets | 21/28 | €1,094,595 | €1,056,363 | -€38,232 | -3.5% |
| Tangible fixed assets | 22/27 | €1,078,858 | €1,040,626 | -€38,232 | -3.5% |
| Land and buildings | 22 | €1,078,858 | €1,034,086 | -€44,772 | -4.1% |
| Furniture and vehicles | 24 | - | €1,332 | +€1,332 | |
| Assets under construction and advance payments | 27 | - | €5,208 | +€5,208 | |
| Financial fixed assets | 28 | €15,737 | €15,737 | = | 0.0% |
| Current assets | 29/58 | €657,650 | €678,474 | +€20,824 | +3.2% |
| Amounts receivable within one year | 40/41 | €1,941 | €12,418 | +€10,477 | +540% |
| Trade receivables | 40 | €1,941 | €12,418 | +€10,477 | +540% |
| Current investments | 50/53 | €397,054 | €427,863 | +€30,809 | +7.8% |
| Cash at bank and in hand | 54/58 | €253,093 | €236,676 | -€16,417 | -6.5% |
| Deferred charges and accrued income | 490/1 | €5,562 | €1,517 | -€4,045 | -72.7% |
| Total equity and liabilities | 10/49 | €1,752,245 | €1,734,837 | -€17,408 | -1.0% |
| Equity | 10/15 | €1,649,671 | €1,639,466 | -€10,205 | -0.6% |
| Contributions | 10/11 | €868,000 | €868,000 | = | 0.0% |
| Capital | 10 | €868,000 | €868,000 | = | 0.0% |
| Issued capital | 100 | €868,000 | €868,000 | = | 0.0% |
| Reserves | 13 | €333,597 | €321,649 | -€11,948 | -3.6% |
| Non-distributable reserves | 130/1 | €86,800 | €86,800 | = | 0.0% |
| Legal reserve | 130 | €86,800 | €86,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €246,797 | €234,849 | -€11,948 | -4.8% |
| Profit (loss) carried forward | 14 | €448,074 | €449,817 | +€1,743 | +0.4% |
| Provisions and deferred taxes | 16 | €88,898 | €84,916 | -€3,982 | -4.5% |
| Deferred taxes | 168 | €88,898 | €84,916 | -€3,982 | -4.5% |
| Amounts payable | 17/49 | €13,676 | €10,455 | -€3,221 | -23.6% |
| Amounts payable within one year | 42/48 | €13,676 | €10,455 | -€3,221 | -23.6% |
| Trade debts | 44 | €7,676 | €10,455 | +€2,779 | +36.2% |
| Suppliers | 440/4 | €7,676 | €10,455 | +€2,779 | +36.2% |
| Taxes, remuneration and social security | 45 | €6,000 | - | -€6,000 | |
| Taxes | 450/3 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,305 | €48,749 | +€444 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,815 | +€2,815 | |
| Other operating charges | 640/8 | €15,340 | €15,822 | +€482 | +3.1% |
| Gross operating margin | 9900 | €101,054 | €31,543 | -€69,511 | -68.8% |
| Operating profit (loss) | 9901 | €37,409 | -€35,843 | -€73,252 | |
| Financial income | 75/76B | €13,306 | €27,124 | +€13,818 | +104% |
| Recurring financial income | 75 | €13,306 | €27,124 | +€13,818 | +104% |
| Financial charges | 65/66B | €4,175 | €1,018 | -€3,157 | -75.6% |
| Recurring financial charges | 65 | €4,175 | €1,018 | -€3,157 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €46,540 | -€9,737 | -€56,277 | |
| Transfer from deferred taxes | 780 | €3,982 | €3,982 | = | 0.0% |
| Income taxes | 67/77 | €18,549 | €4,450 | -€14,099 | -76.0% |
| Profit (loss) for the period | 9904 | €31,973 | -€10,205 | -€42,178 | |
| Transfer from tax-exempt reserves | 789 | €11,947 | €11,948 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,920 | €1,743 | -€42,177 | -96.0% |
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 18 October 2026 via checked.be.