IMMO JEPHI: 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 JEPHI
Largest movements
- Stocks and contracts -€786,332
down €786,332 (-68.4%), from €1.1m to €363,474
- Cash +€25,106
up €25,106 (+76.1%), from €32,974 to €58,080
mainly Stocks and contracts (+€786,332) and Depreciation (+€12,533)
- Other debts -€609,950
down €609,950 (-44.6%), from €1.4m to €757,894
- Profit (loss) carried forward -€133,030
down €133,030 (-73.7%), from -€180,535 to -€313,565
- Financial charges +€15,120
up €15,120 (+33.5%), from €45,090 to €60,210
- Gross operating margin -€7,423
down €7,423 (-15.2%), from -€48,924 to -€56,347
- Depreciation +€1,341
up €1,341 (+12.0%), from €11,192 to €12,533
- Other operating charges -€1,051
down €1,051 (-21.1%), from €4,990 to €3,939
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.
Derived cash bridge
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 | €1,234,681 | €487,734 | -€746,948 | -60.5% |
| Formation expenses | 20 | €570 | €290 | -€280 | -49.1% |
| Fixed assets | 21/28 | €45,225 | €50,579 | +€5,354 | +11.8% |
| Tangible fixed assets | 22/27 | €45,178 | €50,532 | +€5,354 | +11.9% |
| Plant, machinery and equipment | 23 | €10,834 | €9,914 | -€920 | -8.5% |
| Furniture and vehicles | 24 | €34,344 | €40,618 | +€6,274 | +18.3% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €1,188,887 | €436,865 | -€752,022 | -63.3% |
| Stocks and contracts in progress | 3 | €1,149,805 | €363,474 | -€786,332 | -68.4% |
| Stocks | 30/36 | €1,149,805 | €363,474 | -€786,332 | -68.4% |
| Amounts receivable within one year | 40/41 | €3,370 | €12,487 | +€9,118 | +271% |
| Trade receivables | 40 | - | €8,826 | +€8,826 | |
| Other amounts receivable | 41 | €3,370 | €3,661 | +€292 | +8.7% |
| Cash at bank and in hand | 54/58 | €32,974 | €58,080 | +€25,106 | +76.1% |
| Deferred charges and accrued income | 490/1 | €2,738 | €2,824 | +€87 | +3.2% |
| Total equity and liabilities | 10/49 | €1,234,681 | €487,734 | -€746,948 | -60.5% |
| Equity | 10/15 | -€180,035 | -€313,065 | -€133,030 | -73.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,535 | -€313,565 | -€133,030 | -73.7% |
| Amounts payable | 17/49 | €1,414,716 | €800,798 | -€613,918 | -43.4% |
| Amounts payable within one year | 42/48 | €1,414,716 | €800,798 | -€613,918 | -43.4% |
| Trade debts | 44 | €46,460 | €42,905 | -€3,555 | -7.7% |
| Suppliers | 440/4 | €46,460 | €42,905 | -€3,555 | -7.7% |
| Taxes, remuneration and social security | 45 | €412 | - | -€412 | |
| Taxes | 450/3 | €326 | - | -€326 | |
| Remuneration and social security | 454/9 | €86 | - | -€86 | |
| Other amounts payable | 47/48 | €1,367,844 | €757,894 | -€609,950 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,192 | €12,533 | +€1,341 | +12.0% |
| Other operating charges | 640/8 | €4,990 | €3,939 | -€1,051 | -21.1% |
| Gross operating margin | 9900 | -€48,924 | -€56,347 | -€7,423 | -15.2% |
| Operating profit (loss) | 9901 | -€65,107 | -€72,820 | -€7,713 | -11.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45,090 | €60,210 | +€15,120 | +33.5% |
| Recurring financial charges | 65 | €45,090 | €60,210 | +€15,120 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€110,197 | -€133,030 | -€22,833 | -20.7% |
| Income taxes | 67/77 | €252 | - | -€252 | |
| Profit (loss) for the period | 9904 | -€110,449 | -€133,030 | -€22,581 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,449 | -€133,030 | -€22,581 | -20.4% |
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 18 October 2026 via checked.be.