IMMO JOSAR: 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 JOSAR
Largest movements
- Receivables within one year -€32,680
down €32,680 (-57.7%), from €56,624 to €23,944
of which Other amounts receivable: -€32,287
- Tangible fixed assets -€17,399
down €17,399 (-2.6%), from €679,245 to €661,846
of which Land and buildings: -€22,858
- Contributions -€103,000
down €103,000 (-18.9%), from €543,750 to €440,750
- Other debts +€70,139
up €70,139 (+61.4%), from €114,188 to €184,326
- Debts after one year -€16,653
down €16,653 (-20.7%), from €80,491 to €63,837
- Profit (loss) carried forward -€10,647
down €10,647 (-19.5%), from -€54,532 to -€65,179
- Gross operating margin +€58,367
up €58,367, from -€21,062 to €37,305
- Depreciation +€9,090
up €9,090 (+32.4%), from €28,032 to €37,122
- Financial income -€4,293
down €4,293 (-99.4%), from €4,318 to €25
- Other operating charges +€1,713
up €1,713 (+39.8%), from €4,308 to €6,021
- Financial charges -€1,479
down €1,479 (-27.1%), from €5,449 to €3,970
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 | €890,133 | €835,759 | -€54,374 | -6.1% |
| Fixed assets | 21/28 | €701,547 | €684,147 | -€17,399 | -2.5% |
| Tangible fixed assets | 22/27 | €679,245 | €661,846 | -€17,399 | -2.6% |
| Land and buildings | 22 | €575,261 | €552,404 | -€22,858 | -4.0% |
| Plant, machinery and equipment | 23 | €98,961 | €88,600 | -€10,361 | -10.5% |
| Furniture and vehicles | 24 | €5,023 | €20,842 | +€15,819 | +315% |
| Financial fixed assets | 28 | €22,302 | €22,302 | = | 0.0% |
| Current assets | 29/58 | €188,586 | €151,612 | -€36,974 | -19.6% |
| Amounts receivable within one year | 40/41 | €56,624 | €23,944 | -€32,680 | -57.7% |
| Trade receivables | 40 | €779 | €386 | -€393 | -50.4% |
| Other amounts receivable | 41 | €55,845 | €23,558 | -€32,287 | -57.8% |
| Cash at bank and in hand | 54/58 | €131,551 | €127,668 | -€3,883 | -3.0% |
| Deferred charges and accrued income | 490/1 | €411 | - | -€411 | |
| Total equity and liabilities | 10/49 | €890,133 | €835,759 | -€54,374 | -6.1% |
| Equity | 10/15 | €676,822 | €563,175 | -€113,647 | -16.8% |
| Contributions | 10/11 | €543,750 | €440,750 | -€103,000 | -18.9% |
| Reserves | 13 | €187,604 | €187,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,084 | €6,854 | -€116,230 | -94.4% |
| Reserves not available under the articles | 1311 | €123,084 | €6,854 | -€116,230 | -94.4% |
| Tax-exempt reserves | 132 | €5,019 | €5,019 | = | 0.0% |
| Distributable reserves | 133 | €59,501 | €175,732 | +€116,230 | +195% |
| Profit (loss) carried forward | 14 | -€54,532 | -€65,179 | -€10,647 | -19.5% |
| Amounts payable | 17/49 | €213,311 | €272,584 | +€59,273 | +27.8% |
| Amounts payable after more than one year | 17 | €80,491 | €63,837 | -€16,653 | -20.7% |
| Financial debts | 170/4 | €80,491 | €63,837 | -€16,653 | -20.7% |
| Amounts payable within one year | 42/48 | €132,820 | €208,747 | +€75,926 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €16,653 | €16,653 | = | 0.0% |
| Trade debts | 44 | €1,979 | €129 | -€1,851 | -93.5% |
| Suppliers | 440/4 | €1,979 | €129 | -€1,851 | -93.5% |
| Taxes, remuneration and social security | 45 | - | €7,638 | +€7,638 | |
| Taxes | 450/3 | - | €7,638 | +€7,638 | |
| Other amounts payable | 47/48 | €114,188 | €184,326 | +€70,139 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,032 | €37,122 | +€9,090 | +32.4% |
| Other operating charges | 640/8 | €4,308 | €6,021 | +€1,713 | +39.8% |
| Gross operating margin | 9900 | -€21,062 | €37,305 | +€58,367 | |
| Operating profit (loss) | 9901 | -€53,402 | -€5,838 | +€47,564 | +89.1% |
| Financial income | 75/76B | €4,318 | €25 | -€4,293 | -99.4% |
| Recurring financial income | 75 | €4,318 | €25 | -€4,293 | -99.4% |
| Financial charges | 65/66B | €5,449 | €3,970 | -€1,479 | -27.1% |
| Recurring financial charges | 65 | €5,449 | €3,970 | -€1,479 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€54,532 | -€9,782 | +€44,750 | +82.1% |
| Income taxes | 67/77 | - | €864 | +€864 | |
| Profit (loss) for the period | 9904 | -€54,532 | -€10,647 | +€43,885 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,532 | -€10,647 | +€43,885 | +80.5% |
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.