IMMO JB: 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 JB
Largest movements
- Receivables within one year +€138,488
up €138,488 (+4493.1%), from €3,082 to €141,570
- Financial fixed assets -€87,811
down €87,811 (-47.6%), from €184,486 to €96,675
- Tangible fixed assets -€19,291
down €19,291 (-1.5%), from €1.3m to €1.3m
of which Plant, machinery and equipment: -€13,217
- Reserves +€31,533
up €31,533 (+4.1%), from €773,494 to €805,027
of which Distributable reserves: +€30,000
- Debts after one year -€23,078
down €23,078 (-7.1%), from €326,472 to €303,394
of which Financial debts: -€23,078
- Other debts +€20,000
new in 2025: €20,000
- Financial income +€52,017
up €52,017 (+25681.0%), from €203 to €52,219
of which Non-recurring financial income: +€52,189
- Gross operating margin +€18,213
up €18,213 (+52.5%), from €34,723 to €52,936
- Depreciation +€10,908
up €10,908 (+32.4%), from €33,644 to €44,552
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 | €1,494,172 | €1,515,528 | +€21,356 | +1.4% |
| Fixed assets | 21/28 | €1,462,293 | €1,355,190 | -€107,103 | -7.3% |
| Tangible fixed assets | 22/27 | €1,277,807 | €1,258,515 | -€19,291 | -1.5% |
| Land and buildings | 22 | €1,224,939 | €1,218,864 | -€6,074 | -0.5% |
| Plant, machinery and equipment | 23 | €52,868 | €39,651 | -€13,217 | -25.0% |
| Financial fixed assets | 28 | €184,486 | €96,675 | -€87,811 | -47.6% |
| Current assets | 29/58 | €31,879 | €160,337 | +€128,459 | +403.0% |
| Amounts receivable within one year | 40/41 | €3,082 | €141,570 | +€138,488 | +4493.1% |
| Other amounts receivable | 41 | €3,082 | €141,570 | +€138,488 | +4493.1% |
| Current investments | 50/53 | €8,097 | €3,699 | -€4,398 | -54.3% |
| Cash at bank and in hand | 54/58 | €18,597 | €12,742 | -€5,856 | -31.5% |
| Deferred charges and accrued income | 490/1 | €2,103 | €2,327 | +€224 | +10.7% |
| Total equity and liabilities | 10/49 | €1,494,172 | €1,515,528 | +€21,356 | +1.4% |
| Equity | 10/15 | €1,127,312 | €1,157,968 | +€30,656 | +2.7% |
| Contributions | 10/11 | €350,500 | €350,500 | = | 0.0% |
| Reserves | 13 | €773,494 | €805,027 | +€31,533 | +4.1% |
| Non-distributable reserves | 130/1 | €17,550 | €19,083 | +€1,533 | +8.7% |
| Reserves not available under the articles | 1311 | €17,550 | €19,083 | +€1,533 | +8.7% |
| Distributable reserves | 133 | €755,944 | €785,944 | +€30,000 | +4.0% |
| Profit (loss) carried forward | 14 | €3,318 | €2,441 | -€877 | -26.4% |
| Amounts payable | 17/49 | €366,860 | €357,560 | -€9,300 | -2.5% |
| Amounts payable after more than one year | 17 | €326,472 | €303,394 | -€23,078 | -7.1% |
| Financial debts | 170/4 | €176,472 | €153,394 | -€23,078 | -13.1% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,285 | €43,116 | +€13,831 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €17,317 | €23,078 | +€5,761 | +33.3% |
| Trade debts | 44 | €11,969 | €38 | -€11,931 | -99.7% |
| Suppliers | 440/4 | €11,969 | €38 | -€11,931 | -99.7% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €11,103 | €11,050 | -€52 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,644 | €44,552 | +€10,908 | +32.4% |
| Other operating charges | 640/8 | €11,944 | €12,320 | +€376 | +3.1% |
| Gross operating margin | 9900 | €34,723 | €52,936 | +€18,213 | +52.5% |
| Operating profit (loss) | 9901 | -€10,865 | -€3,937 | +€6,928 | +63.8% |
| Financial income | 75/76B | €203 | €52,219 | +€52,017 | +25681.0% |
| Recurring financial income | 75 | €203 | €31 | -€172 | -84.9% |
| Non-recurring financial income | 76B | - | €52,189 | +€52,189 | |
| Financial charges | 65/66B | €17,895 | €17,627 | -€268 | -1.5% |
| Recurring financial charges | 65 | €17,895 | €17,627 | -€268 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,557 | €30,656 | +€59,213 | |
| Profit (loss) for the period | 9904 | -€28,557 | €30,656 | +€59,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,557 | €30,656 | +€59,213 |
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 6 October 2026 via checked.be.