IMMO JTC: what changed
Two fiscal 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 JTC
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,510
2024 · -€96,389+€102,898
Equity
-€219,136
2024 · -€225,646+€6,510
Cash
€20,029
2024 · €8,574+€11,455
Balance sheet total
€2.6m
2024 · €2.7m-€91,668
Largest movements
Assets
- Tangible fixed assets -€103,147
down €103,147 (-3.9%), from €2.6m to €2.5m
of which Assets under construction and advance payments: -€316,535
Equity and liabilities
- Debts after one year -€149,226
down €149,226 (-7.4%), from €2.0m to €1.9m
Income statement
- Gross operating margin +€104,678
up €104,678 (+63.9%), from €163,846 to €268,524
- Depreciation +€4,219
up €4,219 (+3.0%), from €139,718 to €143,937
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
-€96,389
Gross operating margin
+€104,678
Depreciation
-€4,219
Other operating charges
+€1,059
Financial income
+€44
Financial charges
+€1,337
Result 2025
€6,510
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
+€177,495
Investment
-€40,790
Financing
-€125,249
Cash 2024
€8,574
From operations (derived)
+€177,495
Net result for the year
+€6,510
Depreciation
+€143,937
Receivables within one year
-€23
Provisions
-€2,150
Trade debts
-€2,531
Tax, wage and social debts
+€4,753
Other debts
+€27,000
Investment (derived)
-€40,790
Investment in fixed assets (net)
-€40,790
Financing
-€125,249
Debts after one year
-€149,226
Current portion of long-term debt
+€23,977
Cash 2025
€20,029
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,708,997 | €2,617,329 | -€91,668 | -3.4% |
| Fixed assets | 21/28 | €2,647,924 | €2,544,777 | -€103,147 | -3.9% |
| Tangible fixed assets | 22/27 | €2,647,924 | €2,544,777 | -€103,147 | -3.9% |
| Land and buildings | 22 | €691,904 | €1,026,995 | +€335,091 | +48.4% |
| Leasing and similar rights | 25 | €1,639,485 | €1,517,782 | -€121,703 | -7.4% |
| Assets under construction and advance payments | 27 | €316,535 | €0 | -€316,535 | -100.0% |
| Current assets | 29/58 | €61,074 | €72,552 | +€11,478 | +18.8% |
| Amounts receivable within one year | 40/41 | €52,500 | €52,523 | +€23 | 0.0% |
| Trade receivables | 40 | €52,500 | €52,500 | = | 0.0% |
| Other amounts receivable | 41 | - | €23 | +€23 | |
| Cash at bank and in hand | 54/58 | €8,574 | €20,029 | +€11,455 | +133.6% |
| Total equity and liabilities | 10/49 | €2,708,997 | €2,617,329 | -€91,668 | -3.4% |
| Equity | 10/15 | -€225,646 | -€219,136 | +€6,510 | +2.9% |
| Contributions | 10/11 | €8,546 | €8,546 | = | 0.0% |
| Reserves | 13 | €314,277 | €307,226 | -€7,051 | -2.2% |
| Non-distributable reserves | 130/1 | €855 | €855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €855 | €855 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,667 | €84,616 | -€7,051 | -7.7% |
| Distributable reserves | 133 | €221,755 | €221,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€548,469 | -€534,908 | +€13,561 | +2.5% |
| Provisions and deferred taxes | 16 | €27,956 | €25,805 | -€2,150 | -7.7% |
| Deferred taxes | 168 | €27,956 | €25,805 | -€2,150 | -7.7% |
| Amounts payable | 17/49 | €2,906,688 | €2,810,660 | -€96,028 | -3.3% |
| Amounts payable after more than one year | 17 | €2,025,973 | €1,876,747 | -€149,226 | -7.4% |
| Financial debts | 170/4 | €2,025,973 | €1,876,747 | -€149,226 | -7.4% |
| Amounts payable within one year | 42/48 | €880,715 | €933,914 | +€53,198 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €125,249 | €149,226 | +€23,977 | +19.1% |
| Trade debts | 44 | €49,215 | €46,684 | -€2,531 | -5.1% |
| Suppliers | 440/4 | €49,215 | €46,684 | -€2,531 | -5.1% |
| Taxes, remuneration and social security | 45 | €2,388 | €7,141 | +€4,753 | +199.0% |
| Taxes | 450/3 | €2,388 | €7,141 | +€4,753 | +199.0% |
| Other amounts payable | 47/48 | €703,862 | €730,862 | +€27,000 | +3.8% |
| Non-recurring operating income | 76A | €12,950 | €0 | -€12,950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,718 | €143,937 | +€4,219 | +3.0% |
| Other operating charges | 640/8 | €13,573 | €12,514 | -€1,059 | -7.8% |
| Gross operating margin | 9900 | €163,846 | €268,524 | +€104,678 | +63.9% |
| Operating profit (loss) | 9901 | €10,555 | €112,073 | +€101,518 | +961.8% |
| Financial income | 75/76B | €1 | €45 | +€44 | +3662.5% |
| Recurring financial income | 75 | €1 | €45 | +€44 | +3662.5% |
| Financial charges | 65/66B | €109,095 | €107,759 | -€1,337 | -1.2% |
| Recurring financial charges | 65 | €109,095 | €107,759 | -€1,337 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€98,539 | €4,359 | +€102,898 | |
| Transfer from deferred taxes | 780 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€96,389 | €6,510 | +€102,898 | |
| Transfer from tax-exempt reserves | 789 | €7,051 | €7,051 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,337 | €13,561 | +€102,898 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.