IMMO JERAL: 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.
What changed
IMMO JERAL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,210
2024 · -€10,334-€21,876
Equity
€1.3m
2024 · €1.3m-€32,210
Cash
€3,612
2024 · -+€3,612
Balance sheet total
€1.6m
2024 · €1.5m+€19,470
Largest movements
Assets
- Tangible fixed assets +€16,737
up €16,737 (+1.1%), from €1.5m to €1.6m
of which Land and buildings: +€16,943
Equity and liabilities
- Other debts +€60,893
up €60,893 (+32.5%), from €187,433 to €248,326
- Profit (loss) carried forward -€32,210
down €32,210 (-211%), from -€15,262 to -€47,472
Income statement
- Gross operating margin -€21,265
down €21,265 (-51.9%), from €41,013 to €19,748
- Other operating charges +€522
up €522 (+3.1%), from €16,634 to €17,155
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.
Result 2024
-€10,334
Gross operating margin
-€21,265
Depreciation
-€127
Other operating charges
-€522
Financial income
+€25
Financial charges
+€93
Taxes
-€81
Result 2025
-€32,210
raises the resultlowers the result
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.
From operations
+€59,994
Investment
-€48,790
Financing
-€7,592
Cash 2024
€0
From operations (derived)
+€59,994
Net result for the year
-€32,210
Depreciation
+€32,053
Deferred charges and accrued income
+€879
Trade debts
-€910
Tax, wage and social debts
+€72
Other debts
+€60,893
Accrued charges and deferred income
-€784
Investment (derived)
-€48,790
Investment in fixed assets (net)
-€48,790
Financing
-€7,592
Debts after one year
-€7,414
Current portion of long-term debt
+€243
Short-term financial debts
-€420
Cash 2025
€3,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,544,807 | €1,564,276 | +€19,470 | +1.3% |
| Fixed assets | 21/28 | €1,543,380 | €1,560,117 | +€16,737 | +1.1% |
| Tangible fixed assets | 22/27 | €1,543,380 | €1,560,117 | +€16,737 | +1.1% |
| Land and buildings | 22 | €1,542,917 | €1,559,860 | +€16,943 | +1.1% |
| Furniture and vehicles | 24 | €463 | €257 | -€206 | -44.5% |
| Current assets | 29/58 | €1,427 | €4,160 | +€2,733 | +192% |
| Cash at bank and in hand | 54/58 | - | €3,612 | +€3,612 | |
| Deferred charges and accrued income | 490/1 | €1,427 | €547 | -€879 | -61.6% |
| Total equity and liabilities | 10/49 | €1,544,807 | €1,564,276 | +€19,470 | +1.3% |
| Equity | 10/15 | €1,293,254 | €1,261,044 | -€32,210 | -2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,207,648 | €1,207,648 | = | 0.0% |
| Reserves | 13 | €869 | €869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €869 | €869 | = | 0.0% |
| Reserves not available under the articles | 1311 | €869 | €869 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,262 | -€47,472 | -€32,210 | -211% |
| Amounts payable | 17/49 | €251,552 | €303,232 | +€51,680 | +20.5% |
| Amounts payable after more than one year | 17 | €51,526 | €44,111 | -€7,414 | -14.4% |
| Financial debts | 170/4 | €50,172 | €42,757 | -€7,414 | -14.8% |
| Other amounts payable | 178/9 | €1,354 | €1,354 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,536 | €256,414 | +€59,878 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €7,171 | €7,414 | +€243 | +3.4% |
| Financial debts | 43 | €420 | - | -€420 | |
| Credit institutions | 430/8 | €420 | - | -€420 | |
| Trade debts | 44 | €1,396 | €487 | -€910 | -65.2% |
| Suppliers | 440/4 | €1,396 | €487 | -€910 | -65.2% |
| Taxes, remuneration and social security | 45 | €115 | €187 | +€72 | +62.5% |
| Taxes | 450/3 | €115 | €187 | +€72 | +62.5% |
| Other amounts payable | 47/48 | €187,433 | €248,326 | +€60,893 | +32.5% |
| Accrued charges and deferred income | 492/3 | €3,491 | €2,707 | -€784 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,926 | €32,053 | +€127 | +0.4% |
| Other operating charges | 640/8 | €16,634 | €17,155 | +€522 | +3.1% |
| Gross operating margin | 9900 | €41,013 | €19,748 | -€21,265 | -51.9% |
| Operating profit (loss) | 9901 | -€7,547 | -€29,461 | -€21,914 | -290% |
| Financial income | 75/76B | €15 | €41 | +€25 | +165% |
| Recurring financial income | 75 | €15 | €41 | +€25 | +165% |
| Financial charges | 65/66B | €2,743 | €2,650 | -€93 | -3.4% |
| Recurring financial charges | 65 | €2,743 | €2,650 | -€93 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,274 | -€32,070 | -€21,795 | -212% |
| Income taxes | 67/77 | €59 | €140 | +€81 | +136% |
| Profit (loss) for the period | 9904 | -€10,334 | -€32,210 | -€21,876 | -212% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,334 | -€32,210 | -€21,876 | -212% |
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 22 October 2026 via checked.be.