Immo JB43: 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 JB43
Largest movements
- Tangible fixed assets -€19,411
down €19,411 (-2.7%), from €723,071 to €703,660
- Cash +€12,082
up €12,082 (+118.5%), from €10,196 to €22,278
mainly Depreciation (+€19,619) and Net result for the year (+€12,938)
- Debts after one year -€18,440
down €18,440 (-2.6%), from €701,849 to €683,409
- Profit (loss) carried forward +€12,938
up €12,938, from -€10,793 to €2,145
- Gross operating margin +€9,659
up €9,659 (+29.5%), from €32,779 to €42,437
- Taxes +€846
new in 2025: €846
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 | €738,017 | €732,426 | -€5,592 | -0.8% |
| Formation expenses | 20 | €291 | €83 | -€208 | -71.4% |
| Fixed assets | 21/28 | €723,071 | €703,660 | -€19,411 | -2.7% |
| Tangible fixed assets | 22/27 | €723,071 | €703,660 | -€19,411 | -2.7% |
| Land and buildings | 22 | €723,071 | €703,660 | -€19,411 | -2.7% |
| Current assets | 29/58 | €14,655 | €28,682 | +€14,028 | +95.7% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €10,196 | €22,278 | +€12,082 | +118.5% |
| Deferred charges and accrued income | 490/1 | €4,459 | €3,905 | -€554 | -12.4% |
| Total equity and liabilities | 10/49 | €738,017 | €732,426 | -€5,592 | -0.8% |
| Equity | 10/15 | €14,207 | €27,145 | +€12,938 | +91.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,793 | €2,145 | +€12,938 | |
| Amounts payable | 17/49 | €723,811 | €705,281 | -€18,530 | -2.6% |
| Amounts payable after more than one year | 17 | €701,849 | €683,409 | -€18,440 | -2.6% |
| Financial debts | 170/4 | €701,849 | €683,409 | -€18,440 | -2.6% |
| Amounts payable within one year | 42/48 | €21,096 | €20,805 | -€291 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €18,204 | €18,440 | +€236 | +1.3% |
| Trade debts | 44 | €2,594 | €1,176 | -€1,418 | -54.7% |
| Suppliers | 440/4 | €2,594 | €1,176 | -€1,418 | -54.7% |
| Taxes, remuneration and social security | 45 | €298 | €1,189 | +€891 | +299.5% |
| Taxes | 450/3 | €298 | €1,189 | +€891 | +299.5% |
| Accrued charges and deferred income | 492/3 | €866 | €1,067 | +€201 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,619 | €19,619 | = | 0.0% |
| Other operating charges | 640/8 | €2,032 | €2,096 | +€64 | +3.1% |
| Gross operating margin | 9900 | €32,779 | €42,437 | +€9,659 | +29.5% |
| Operating profit (loss) | 9901 | €11,127 | €20,722 | +€9,595 | +86.2% |
| Financial charges | 65/66B | €7,110 | €6,938 | -€172 | -2.4% |
| Recurring financial charges | 65 | €7,110 | €6,938 | -€172 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €4,017 | €13,784 | +€9,766 | +243.1% |
| Income taxes | 67/77 | - | €846 | +€846 | |
| Profit (loss) for the period | 9904 | €4,017 | €12,938 | +€8,921 | +222.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,017 | €12,938 | +€8,921 | +222.1% |
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 4 October 2026 via checked.be.