IMMO JCVD: 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 JCVD
Largest movements
- Cash -€11,063
down €11,063 (-76.4%), from €14,473 to €3,409
mainly Debts after one year (-€24,520) and Deferred charges and accrued income (-€396)
- Tangible fixed assets -€9,696
down €9,696 (-3.0%), from €327,528 to €317,832
- Debts after one year -€24,520
down €24,520 (-8.4%), from €293,618 to €269,098
of which Other amounts payable: -€78,600
- Financial charges -€388
down €388 (-4.2%), from €9,176 to €8,788
- Gross operating margin -€357
down €357 (-1.7%), from €21,334 to €20,977
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 | €342,350 | €321,987 | -€20,363 | -5.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €327,528 | €317,832 | -€9,696 | -3.0% |
| Tangible fixed assets | 22/27 | €327,528 | €317,832 | -€9,696 | -3.0% |
| Land and buildings | 22 | €327,528 | €317,832 | -€9,696 | -3.0% |
| Current assets | 29/58 | €14,822 | €4,155 | -€10,668 | -72.0% |
| Amounts receivable within one year | 40/41 | €1 | - | -€1 | |
| Trade receivables | 40 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €14,473 | €3,409 | -€11,063 | -76.4% |
| Deferred charges and accrued income | 490/1 | €349 | €745 | +€396 | +113.5% |
| Total equity and liabilities | 10/49 | €342,350 | €321,987 | -€20,363 | -5.9% |
| Equity | 10/15 | €25,121 | €25,670 | +€549 | +2.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,879 | -€4,330 | +€549 | +11.3% |
| Amounts payable | 17/49 | €317,229 | €296,317 | -€20,913 | -6.6% |
| Amounts payable after more than one year | 17 | €293,618 | €269,098 | -€24,520 | -8.4% |
| Financial debts | 170/4 | €198,518 | €252,598 | +€54,080 | +27.2% |
| Other amounts payable | 178/9 | €95,100 | €16,500 | -€78,600 | -82.6% |
| Amounts payable within one year | 42/48 | €16,717 | €17,711 | +€994 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €14,107 | €14,520 | +€413 | +2.9% |
| Trade debts | 44 | - | €581 | +€581 | |
| Suppliers | 440/4 | - | €581 | +€581 | |
| Other amounts payable | 47/48 | €2,610 | €2,610 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,895 | €9,508 | +€2,613 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €9,696 | = | 0.0% |
| Other operating charges | 640/8 | €1,884 | €1,943 | +€59 | +3.1% |
| Gross operating margin | 9900 | €21,334 | €20,977 | -€357 | -1.7% |
| Operating profit (loss) | 9901 | €9,753 | €9,338 | -€416 | -4.3% |
| Financial charges | 65/66B | €9,176 | €8,788 | -€388 | -4.2% |
| Recurring financial charges | 65 | €9,176 | €8,788 | -€388 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €577 | €549 | -€28 | -4.8% |
| Profit (loss) for the period | 9904 | €577 | €549 | -€28 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €577 | €549 | -€28 | -4.8% |
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 11 October 2026 via checked.be.