IMMO JC: 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 JC
Largest movements
- Tangible fixed assets +€640,609
up €640,609 (+26.2%), from €2.4m to €3.1m
of which Land and buildings: +€643,850
- Cash -€151,408
down €151,408 (-78.3%), from €193,288 to €41,880
mainly Investment in fixed assets (net) (-€740,780) and Trade debts (-€431,246)
- Receivables within one year -€53,077
down €53,077 (-20.9%), from €254,246 to €201,169
of which Trade receivables: -€98,559
- Debts after one year +€938,053
up €938,053 (+129.3%), from €725,586 to €1.7m
of which Financial debts: +€921,283
- Trade debts -€431,246
down €431,246 (-57.2%), from €753,907 to €322,661
- Accrued charges and deferred income -€120,000
no longer reported in 2026 (was €120,000)
- Other debts +€104,853
up €104,853 (+12.9%), from €810,015 to €914,868
- Profit (loss) carried forward -€79,352
down €79,352 (-51.9%), from €152,921 to €73,568
- Turnover +€134,469
up €134,469 (+11.0%), from €1.2m to €1.4m
- Purchases and services +€115,339
up €115,339 (+31.6%), from €365,513 to €480,852
- Other operating charges +€81,223
up €81,223 (+117.1%), from €69,334 to €150,557
- Staff costs +€33,455
up €33,455 (+5.3%), from €625,872 to €659,327
- Financial charges +€32,630
up €32,630 (+327.8%), from €9,955 to €42,585
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,397,358 | €3,833,482 | +€436,125 | +12.8% |
| Fixed assets | 21/28 | €2,949,824 | €3,590,433 | +€640,609 | +21.7% |
| Intangible fixed assets | 21 | €500,000 | €500,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,449,624 | €3,090,233 | +€640,609 | +26.2% |
| Land and buildings | 22 | €2,423,331 | €3,067,181 | +€643,850 | +26.6% |
| Furniture and vehicles | 24 | €14,733 | €12,965 | -€1,768 | -12.0% |
| Other tangible fixed assets | 26 | €11,560 | €10,087 | -€1,472 | -12.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €447,534 | €243,049 | -€204,485 | -45.7% |
| Amounts receivable within one year | 40/41 | €254,246 | €201,169 | -€53,077 | -20.9% |
| Trade receivables | 40 | €183,246 | €84,686 | -€98,559 | -53.8% |
| Other amounts receivable | 41 | €71,000 | €116,483 | +€45,483 | +64.1% |
| Cash at bank and in hand | 54/58 | €193,288 | €41,880 | -€151,408 | -78.3% |
| Total equity and liabilities | 10/49 | €3,397,358 | €3,833,482 | +€436,125 | +12.8% |
| Equity | 10/15 | €814,825 | €735,473 | -€79,352 | -9.7% |
| Contributions | 10/11 | €518,550 | €518,550 | = | 0.0% |
| Capital | 10 | €518,550 | €518,550 | = | 0.0% |
| Issued capital | 100 | €518,550 | €518,550 | = | 0.0% |
| Reserves | 13 | €143,354 | €143,354 | = | 0.0% |
| Distributable reserves | 133 | €143,354 | €143,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,921 | €73,568 | -€79,352 | -51.9% |
| Amounts payable | 17/49 | €2,582,533 | €3,098,009 | +€515,477 | +20.0% |
| Amounts payable after more than one year | 17 | €725,586 | €1,663,639 | +€938,053 | +129.3% |
| Financial debts | 170/4 | €708,866 | €1,630,149 | +€921,283 | +130.0% |
| Other amounts payable | 178/9 | €16,720 | €33,490 | +€16,770 | +100.3% |
| Amounts payable within one year | 42/48 | €1,736,947 | €1,434,370 | -€302,576 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €89,339 | €137,467 | +€48,128 | +53.9% |
| Trade debts | 44 | €753,907 | €322,661 | -€431,246 | -57.2% |
| Suppliers | 440/4 | €753,907 | €322,661 | -€431,246 | -57.2% |
| Taxes, remuneration and social security | 45 | €83,686 | €59,375 | -€24,311 | -29.1% |
| Taxes | 450/3 | €41,578 | €17,397 | -€24,181 | -58.2% |
| Remuneration and social security | 454/9 | €42,108 | €41,978 | -€130 | -0.3% |
| Other amounts payable | 47/48 | €810,015 | €914,868 | +€104,853 | +12.9% |
| Accrued charges and deferred income | 492/3 | €120,000 | - | -€120,000 | |
| Turnover | 70 | €1,220,561 | €1,355,030 | +€134,469 | +11.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €365,513 | €480,852 | +€115,339 | +31.6% |
| Remuneration, social security and pensions | 62 | €625,872 | €659,327 | +€33,455 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,922 | €100,170 | +€19,249 | +23.8% |
| Other operating charges | 640/8 | €69,334 | €150,557 | +€81,223 | +117.1% |
| Gross operating margin | 9900 | €855,047 | €874,178 | +€19,130 | +2.2% |
| Operating profit (loss) | 9901 | €78,919 | -€35,877 | -€114,796 | |
| Financial income | 75/76B | €716 | €199 | -€517 | -72.2% |
| Recurring financial income | 75 | €716 | €199 | -€517 | -72.2% |
| Financial charges | 65/66B | €9,955 | €42,585 | +€32,630 | +327.8% |
| Recurring financial charges | 65 | €9,955 | €42,585 | +€32,630 | +327.8% |
| Profit (loss) for the period before taxes | 9903 | €69,680 | -€78,263 | -€147,943 | |
| Income taxes | 67/77 | €23,084 | €1,089 | -€21,995 | -95.3% |
| Profit (loss) for the period | 9904 | €46,596 | -€79,352 | -€125,948 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,596 | -€79,352 | -€125,948 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.