IMMO JENA: 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 JENA
Largest movements
- Stocks and contracts -€527,329
down €527,329 (-40.3%), from €1.3m to €782,387
of which Stocks: -€317,108
- Tangible fixed assets +€298,034
up €298,034 (+84507.8%), from €353 to €298,386
of which Land and buildings: +€282,609
- Debts after one year -€177,577
down €177,577 (-29.2%), from €607,280 to €429,702
of which Other amounts payable: -€399,224
- Short-term financial debts -€77,226
down €77,226 (-14.6%), from €528,903 to €451,677
- Profit (loss) carried forward +€38,693
up €38,693 (+34.6%), from -€111,671 to -€72,978
- Accrued charges and deferred income -€21,823
no longer reported in 2025 (was €21,823)
- Trade debts -€13,916
down €13,916 (-53.8%), from €25,884 to €11,967
- Gross operating margin +€48,777
up €48,777 (+69.3%), from €70,353 to €119,131
- Write-downs +€30,026
up €30,026, from -€27,863 to €2,163
- Financial charges -€25,114
down €25,114 (-36.6%), from €68,662 to €43,548
- Other operating charges -€16,581
down €16,581 (-40.6%), from €40,881 to €24,300
- Depreciation +€9,556
up €9,556 (+832.9%), from €1,147 to €10,704
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 | €1,383,802 | €1,141,669 | -€242,133 | -17.5% |
| Fixed assets | 21/28 | €353 | €298,386 | +€298,034 | +84507.8% |
| Tangible fixed assets | 22/27 | €353 | €298,386 | +€298,034 | +84507.8% |
| Land and buildings | 22 | - | €282,609 | +€282,609 | |
| Furniture and vehicles | 24 | €353 | €15,777 | +€15,424 | +4373.6% |
| Current assets | 29/58 | €1,383,449 | €843,283 | -€540,167 | -39.0% |
| Stocks and contracts in progress | 3 | €1,309,717 | €782,387 | -€527,329 | -40.3% |
| Stocks | 30/36 | €1,099,496 | €782,387 | -€317,108 | -28.8% |
| Contracts in progress | 37 | €210,221 | - | -€210,221 | |
| Amounts receivable within one year | 40/41 | €68,361 | €56,747 | -€11,614 | -17.0% |
| Trade receivables | 40 | €22,477 | €28,147 | +€5,670 | +25.2% |
| Other amounts receivable | 41 | €45,884 | €28,600 | -€17,284 | -37.7% |
| Cash at bank and in hand | 54/58 | €4,594 | €3,202 | -€1,392 | -30.3% |
| Deferred charges and accrued income | 490/1 | €778 | €947 | +€169 | +21.8% |
| Total equity and liabilities | 10/49 | €1,383,802 | €1,141,669 | -€242,133 | -17.5% |
| Equity | 10/15 | €9,329 | €48,022 | +€38,693 | +414.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,671 | -€72,978 | +€38,693 | +34.6% |
| Amounts payable | 17/49 | €1,374,473 | €1,093,646 | -€280,826 | -20.4% |
| Amounts payable after more than one year | 17 | €607,280 | €429,702 | -€177,577 | -29.2% |
| Financial debts | 170/4 | €88,625 | €310,272 | +€221,647 | +250.1% |
| Other amounts payable | 178/9 | €518,655 | €119,431 | -€399,224 | -77.0% |
| Amounts payable within one year | 42/48 | €745,370 | €663,944 | -€81,426 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €4,113 | €13,150 | +€9,036 | +219.7% |
| Financial debts | 43 | €528,903 | €451,677 | -€77,226 | -14.6% |
| Credit institutions | 430/8 | €528,903 | €451,677 | -€77,226 | -14.6% |
| Trade debts | 44 | €25,884 | €11,967 | -€13,916 | -53.8% |
| Suppliers | 440/4 | €25,884 | €11,967 | -€13,916 | -53.8% |
| Taxes, remuneration and social security | 45 | €8,054 | - | -€8,054 | |
| Taxes | 450/3 | €8,054 | - | -€8,054 | |
| Other amounts payable | 47/48 | €178,416 | €187,150 | +€8,734 | +4.9% |
| Accrued charges and deferred income | 492/3 | €21,823 | - | -€21,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,147 | €10,704 | +€9,556 | +832.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,863 | €2,163 | +€30,026 | |
| Other operating charges | 640/8 | €40,881 | €24,300 | -€16,581 | -40.6% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €70,353 | €119,131 | +€48,777 | +69.3% |
| Operating profit (loss) | 9901 | €56,188 | €81,611 | +€25,423 | +45.2% |
| Financial income | 75/76B | €37 | €630 | +€593 | +1613.1% |
| Recurring financial income | 75 | €37 | €630 | +€593 | +1613.1% |
| Financial charges | 65/66B | €68,662 | €43,548 | -€25,114 | -36.6% |
| Recurring financial charges | 65 | €68,662 | €43,548 | -€25,114 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,438 | €38,693 | +€51,131 | |
| Income taxes | 67/77 | €983 | - | -€983 | |
| Profit (loss) for the period | 9904 | -€13,420 | €38,693 | +€52,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,420 | €38,693 | +€52,114 |
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 8 October 2026 via checked.be.