IMMO JORMAN: 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 JORMAN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,433
2024 · €19,011-€14,578
Equity
€370,737
2024 · €366,304+€4,433
Cash
€1,531
2024 · €1,876-€345
Balance sheet total
€675,896
2024 · €741,781-€65,885
Largest movements
Assets
- Tangible fixed assets -€46,929
down €46,929 (-6.7%), from €702,624 to €655,695
- Receivables within one year -€16,623
down €16,623 (-52.1%), from €31,918 to €15,295
Equity and liabilities
- Debts after one year -€53,756
down €53,756 (-18.6%), from €289,689 to €235,933
- Trade debts -€10,078
down €10,078 (-94.8%), from €10,635 to €557
Income statement
- Gross operating margin -€19,405
down €19,405 (-21.8%), from €88,965 to €69,560
- Depreciation -€3,298
down €3,298 (-6.3%), from €52,727 to €49,429
- Taxes -€1,496
down €1,496 (-59.7%), from €2,508 to €1,012
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
€19,011
Gross operating margin
-€19,405
Depreciation
+€3,298
Other operating charges
+€540
Financial charges
-€507
Taxes
+€1,496
Result 2025
€4,433
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.
From operations
+€58,957
Investment
-€2,500
Financing
-€56,802
Cash 2024
€1,876
From operations (derived)
+€58,957
Net result for the year
+€4,433
Depreciation
+€49,429
Receivables within one year
+€16,623
Deferred charges and accrued income
+€1,989
Trade debts
-€10,078
Tax, wage and social debts
-€3,710
Other debts
+€273
Investment (derived)
-€2,500
Investment in fixed assets (net)
-€2,500
Financing
-€56,802
Debts after one year
-€53,756
Current portion of long-term debt
-€3,046
Cash 2025
€1,531
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,781 | €675,896 | -€65,885 | -8.9% |
| Fixed assets | 21/28 | €702,624 | €655,695 | -€46,929 | -6.7% |
| Tangible fixed assets | 22/27 | €702,624 | €655,695 | -€46,929 | -6.7% |
| Land and buildings | 22 | €600,469 | €581,171 | -€19,298 | -3.2% |
| Plant, machinery and equipment | 23 | €27,780 | €22,122 | -€5,658 | -20.4% |
| Furniture and vehicles | 24 | €74,375 | €52,403 | -€21,972 | -29.5% |
| Current assets | 29/58 | €39,157 | €20,200 | -€18,957 | -48.4% |
| Stocks and contracts in progress | 3 | €2,143 | €2,143 | = | 0.0% |
| Stocks | 30/36 | €2,143 | €2,143 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,918 | €15,295 | -€16,623 | -52.1% |
| Trade receivables | 40 | €31,918 | €15,295 | -€16,623 | -52.1% |
| Cash at bank and in hand | 54/58 | €1,876 | €1,531 | -€345 | -18.4% |
| Deferred charges and accrued income | 490/1 | €3,220 | €1,231 | -€1,989 | -61.8% |
| Total equity and liabilities | 10/49 | €741,781 | €675,896 | -€65,885 | -8.9% |
| Equity | 10/15 | €366,304 | €370,737 | +€4,433 | +1.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €357,628 | €362,061 | +€4,433 | +1.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €337,019 | €341,452 | +€4,433 | +1.3% |
| Amounts payable | 17/49 | €375,476 | €305,159 | -€70,318 | -18.7% |
| Amounts payable after more than one year | 17 | €289,689 | €235,933 | -€53,756 | -18.6% |
| Financial debts | 170/4 | €289,689 | €235,933 | -€53,756 | -18.6% |
| Amounts payable within one year | 42/48 | €85,787 | €69,226 | -€16,562 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €56,802 | €53,756 | -€3,046 | -5.4% |
| Trade debts | 44 | €10,635 | €557 | -€10,078 | -94.8% |
| Suppliers | 440/4 | €10,635 | €557 | -€10,078 | -94.8% |
| Taxes, remuneration and social security | 45 | €13,151 | €9,441 | -€3,710 | -28.2% |
| Taxes | 450/3 | €11,351 | €9,441 | -€1,910 | -16.8% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | €5,199 | €5,472 | +€273 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,727 | €49,429 | -€3,298 | -6.3% |
| Other operating charges | 640/8 | €6,440 | €5,900 | -€540 | -8.4% |
| Gross operating margin | 9900 | €88,965 | €69,560 | -€19,405 | -21.8% |
| Operating profit (loss) | 9901 | €29,799 | €14,232 | -€15,567 | -52.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,281 | €8,788 | +€507 | +6.1% |
| Recurring financial charges | 65 | €8,281 | €8,788 | +€507 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €21,518 | €5,444 | -€16,074 | -74.7% |
| Income taxes | 67/77 | €2,508 | €1,012 | -€1,496 | -59.7% |
| Profit (loss) for the period | 9904 | €19,011 | €4,433 | -€14,578 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,011 | €4,433 | -€14,578 | -76.7% |
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.