IMMO JEMM: 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 JEMM
Largest movements
- Tangible fixed assets -€23,592
down €23,592 (-4.6%), from €513,198 to €489,606
of which Land and buildings: -€20,293
- Receivables within one year +€20,000
up €20,000 (+916.1%), from €2,183 to €22,183
of which Trade receivables: +€20,000
- Cash +€9,926
up €9,926 (+5.9%), from €169,512 to €179,438
mainly Net result for the year (+€25,612) and Depreciation (+€20,473)
- Profit (loss) carried forward +€34,796
up €34,796 (+74.3%), from €46,850 to €81,646
- Other debts -€27,809
down €27,809 (-35.1%), from €79,282 to €51,474
- Tax, wage and social debts +€12,722
new in 2025: €12,722
- Reserves -€9,184
down €9,184 (-2.5%), from €370,909 to €361,726
of which Tax-exempt reserves: -€9,184
- Taxes -€25,117
down €25,117 (-66.4%), from €37,839 to €12,722
- Gross operating margin +€24,149
up €24,149 (+65.5%), from €36,858 to €61,007
- Depreciation -€2,304
down €2,304 (-10.1%), from €22,777 to €20,473
- Financial income -€902
no longer reported in 2025 (was €902)
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 | €684,892 | €691,591 | +€6,699 | +1.0% |
| Fixed assets | 21/28 | €513,198 | €489,606 | -€23,592 | -4.6% |
| Tangible fixed assets | 22/27 | €513,198 | €489,606 | -€23,592 | -4.6% |
| Land and buildings | 22 | €509,179 | €488,886 | -€20,293 | -4.0% |
| Furniture and vehicles | 24 | €4,018 | €720 | -€3,298 | -82.1% |
| Current assets | 29/58 | €171,695 | €201,985 | +€30,290 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,183 | €22,183 | +€20,000 | +916.1% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €2,183 | €2,183 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169,512 | €179,438 | +€9,926 | +5.9% |
| Deferred charges and accrued income | 490/1 | - | €364 | +€364 | |
| Total equity and liabilities | 10/49 | €684,892 | €691,591 | +€6,699 | +1.0% |
| Equity | 10/15 | €482,332 | €507,945 | +€25,612 | +5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,573 | €2,573 | = | 0.0% |
| Reserves | 13 | €370,909 | €361,726 | -€9,184 | -2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €360,723 | €351,539 | -€9,184 | -2.5% |
| Distributable reserves | 133 | €3,987 | €3,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,850 | €81,646 | +€34,796 | +74.3% |
| Provisions and deferred taxes | 16 | €120,241 | €117,180 | -€3,061 | -2.5% |
| Deferred taxes | 168 | €120,241 | €117,180 | -€3,061 | -2.5% |
| Amounts payable | 17/49 | €82,319 | €66,466 | -€15,853 | -19.3% |
| Amounts payable within one year | 42/48 | €79,569 | €66,466 | -€13,103 | -16.5% |
| Trade debts | 44 | €287 | €2,270 | +€1,984 | +691.3% |
| Suppliers | 440/4 | €287 | €2,270 | +€1,984 | +691.3% |
| Taxes, remuneration and social security | 45 | - | €12,722 | +€12,722 | |
| Taxes | 450/3 | - | €12,722 | +€12,722 | |
| Other amounts payable | 47/48 | €79,282 | €51,474 | -€27,809 | -35.1% |
| Accrued charges and deferred income | 492/3 | €2,750 | - | -€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,777 | €20,473 | -€2,304 | -10.1% |
| Other operating charges | 640/8 | €5,558 | €5,212 | -€346 | -6.2% |
| Gross operating margin | 9900 | €36,858 | €61,007 | +€24,149 | +65.5% |
| Operating profit (loss) | 9901 | €8,523 | €35,322 | +€26,799 | +314.4% |
| Financial income | 75/76B | €902 | - | -€902 | |
| Recurring financial income | 75 | €902 | - | -€902 | |
| Financial charges | 65/66B | €317 | €48 | -€269 | -84.9% |
| Recurring financial charges | 65 | €317 | €48 | -€269 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €9,107 | €35,274 | +€26,166 | +287.3% |
| Transfer from deferred taxes | 780 | €49,956 | €3,061 | -€46,894 | -93.9% |
| Income taxes | 67/77 | €37,839 | €12,722 | -€25,117 | -66.4% |
| Profit (loss) for the period | 9904 | €21,224 | €25,612 | +€4,389 | +20.7% |
| Transfer from tax-exempt reserves | 789 | €149,583 | €9,184 | -€140,399 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,807 | €34,796 | -€136,011 | -79.6% |
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 10 October 2026 via checked.be.