IMMO JSBJ: 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 JSBJ
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+46.1%), from €2.2m to €3.3m
- Receivables after one year +€180,000
new in 2025: €180,000
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Debts after one year +€1.1m
up €1.1m (+69.4%), from €1.6m to €2.8m
- Current portion of long-term debt -€144,318
down €144,318 (-37.4%), from €385,584 to €241,266
- Profit (loss) carried forward +€41,721
up €41,721 (+46.0%), from €90,766 to €132,487
- Accrued charges and deferred income +€35,383
up €35,383 (+2,305%), from €1,535 to €36,918
- Depreciation +€48,192
up €48,192 (+46.4%), from €103,787 to €151,979
- Gross operating margin +€36,354
up €36,354 (+13.5%), from €269,275 to €305,629
- Financial charges +€23,032
up €23,032 (+39.7%), from €58,037 to €81,069
- Taxes -€9,342
down €9,342 (-39.0%), from €23,982 to €14,640
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 | €2,433,571 | €3,516,370 | +€1.1m | +44.5% |
| Fixed assets | 21/28 | €2,248,550 | €3,285,863 | +€1.0m | +46.1% |
| Tangible fixed assets | 22/27 | €2,248,550 | €3,285,863 | +€1.0m | +46.1% |
| Land and buildings | 22 | €2,248,550 | €3,285,863 | +€1.0m | +46.1% |
| Current assets | 29/58 | €185,021 | €230,507 | +€45,485 | +24.6% |
| Amounts receivable after more than one year | 29 | - | €180,000 | +€180,000 | |
| Other amounts receivable | 291 | - | €180,000 | +€180,000 | |
| Amounts receivable within one year | 40/41 | €7,335 | €16,156 | +€8,821 | +120% |
| Other amounts receivable | 41 | €7,335 | €16,156 | +€8,821 | +120% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €2,019 | €29,610 | +€27,591 | +1,366% |
| Deferred charges and accrued income | 490/1 | €667 | €4,740 | +€4,073 | +611% |
| Total equity and liabilities | 10/49 | €2,433,571 | €3,516,370 | +€1.1m | +44.5% |
| Equity | 10/15 | €397,216 | €441,137 | +€43,921 | +11.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €6,450 | €8,650 | +€2,200 | +34.1% |
| Non-distributable reserves | 130/1 | €6,450 | €8,650 | +€2,200 | +34.1% |
| Legal reserve | 130 | €6,450 | €8,650 | +€2,200 | +34.1% |
| Profit (loss) carried forward | 14 | €90,766 | €132,487 | +€41,721 | +46.0% |
| Amounts payable | 17/49 | €2,036,355 | €3,075,233 | +€1.0m | +51.0% |
| Amounts payable after more than one year | 17 | €1,645,991 | €2,787,995 | +€1.1m | +69.4% |
| Financial debts | 170/4 | €1,645,991 | €2,787,995 | +€1.1m | +69.4% |
| Amounts payable within one year | 42/48 | €388,829 | €250,320 | -€138,509 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €385,584 | €241,266 | -€144,318 | -37.4% |
| Trade debts | 44 | €3,245 | €9,054 | +€5,809 | +179% |
| Suppliers | 440/4 | €3,245 | €9,054 | +€5,809 | +179% |
| Accrued charges and deferred income | 492/3 | €1,535 | €36,918 | +€35,383 | +2,305% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,787 | €151,979 | +€48,192 | +46.4% |
| Other operating charges | 640/8 | €15,914 | €16,322 | +€408 | +2.6% |
| Non-recurring operating charges | 66A | - | €1,454 | +€1,454 | |
| Gross operating margin | 9900 | €269,275 | €305,629 | +€36,354 | +13.5% |
| Operating profit (loss) | 9901 | €149,573 | €135,875 | -€13,699 | -9.2% |
| Financial income | 75/76B | €4,390 | €3,755 | -€635 | -14.5% |
| Recurring financial income | 75 | €4,390 | €3,755 | -€635 | -14.5% |
| Financial charges | 65/66B | €58,037 | €81,069 | +€23,032 | +39.7% |
| Recurring financial charges | 65 | €58,037 | €81,069 | +€23,032 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €95,927 | €58,561 | -€37,366 | -39.0% |
| Income taxes | 67/77 | €23,982 | €14,640 | -€9,342 | -39.0% |
| Profit (loss) for the period | 9904 | €71,945 | €43,921 | -€28,025 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,945 | €43,921 | -€28,025 | -39.0% |
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 25 October 2026 via checked.be.