IMMO JDS: 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 JDS
Largest movements
- Tangible fixed assets -€48,257
down €48,257 (-7.0%), from €689,392 to €641,135
of which Land and buildings: -€46,255
- Profit (loss) carried forward -€58,382
down €58,382 (-7.4%), from -€787,972 to -€846,354
- Revaluation surpluses -€21,625
down €21,625 (-4.9%), from €439,707 to €418,082
- Reserves +€21,625
up €21,625 (+7.2%), from €301,124 to €322,749
of which Distributable reserves: +€21,625
- Gross operating margin -€2,676
down €2,676 (-61.4%), from -€4,359 to -€7,035
- Other operating charges +€112
up €112 (+3.1%), from €3,636 to €3,748
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 | €833,401 | €778,521 | -€54,880 | -6.6% |
| Fixed assets | 21/28 | €694,350 | €646,093 | -€48,257 | -6.9% |
| Tangible fixed assets | 22/27 | €689,392 | €641,135 | -€48,257 | -7.0% |
| Land and buildings | 22 | €672,327 | €626,072 | -€46,255 | -6.9% |
| Plant, machinery and equipment | 23 | €17,065 | €15,064 | -€2,002 | -11.7% |
| Financial fixed assets | 28 | €4,958 | €4,958 | = | 0.0% |
| Current assets | 29/58 | €139,051 | €132,428 | -€6,623 | -4.8% |
| Amounts receivable within one year | 40/41 | €491 | €215 | -€276 | -56.2% |
| Other amounts receivable | 41 | €491 | €215 | -€276 | -56.2% |
| Cash at bank and in hand | 54/58 | €138,093 | €131,728 | -€6,366 | -4.6% |
| Deferred charges and accrued income | 490/1 | €467 | €485 | +€19 | +4.0% |
| Total equity and liabilities | 10/49 | €833,401 | €778,521 | -€54,880 | -6.6% |
| Equity | 10/15 | €510,619 | €452,237 | -€58,382 | -11.4% |
| Contributions | 10/11 | €557,760 | €557,760 | = | 0.0% |
| Capital | 10 | €557,760 | €557,760 | = | 0.0% |
| Issued capital | 100 | €557,760 | €557,760 | = | 0.0% |
| Revaluation surpluses | 12 | €439,707 | €418,082 | -€21,625 | -4.9% |
| Reserves | 13 | €301,124 | €322,749 | +€21,625 | +7.2% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €281,124 | €302,749 | +€21,625 | +7.7% |
| Profit (loss) carried forward | 14 | -€787,972 | -€846,354 | -€58,382 | -7.4% |
| Amounts payable | 17/49 | €322,782 | €326,284 | +€3,502 | +1.1% |
| Amounts payable within one year | 42/48 | €322,782 | €326,284 | +€3,502 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,899 | €5,899 | = | 0.0% |
| Trade debts | 44 | €4,937 | €4,645 | -€292 | -5.9% |
| Suppliers | 440/4 | €4,937 | €4,645 | -€292 | -5.9% |
| Other amounts payable | 47/48 | €311,946 | €315,741 | +€3,794 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,200 | €48,257 | +€57 | +0.1% |
| Other operating charges | 640/8 | €3,636 | €3,748 | +€112 | +3.1% |
| Gross operating margin | 9900 | -€4,359 | -€7,035 | -€2,676 | -61.4% |
| Operating profit (loss) | 9901 | -€56,195 | -€59,040 | -€2,845 | -5.1% |
| Financial income | 75/76B | €767 | €718 | -€49 | -6.4% |
| Recurring financial income | 75 | €767 | €718 | -€49 | -6.4% |
| Financial charges | 65/66B | €82 | €60 | -€22 | -27.0% |
| Recurring financial charges | 65 | €82 | €60 | -€22 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,511 | -€58,382 | -€2,872 | -5.2% |
| Profit (loss) for the period | 9904 | -€55,511 | -€58,382 | -€2,872 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,511 | -€58,382 | -€2,872 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.