IMMOJEFO: 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
IMMOJEFO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,280
2024 · -€18,739+€46,019
Equity
€696,003
2024 · €668,723+€27,280
Cash
€15,683
2024 · €14,321+€1,361
Balance sheet total
€2.6m
2024 · €2.2m+€361,121
Largest movements
Assets
- Stocks and contracts +€367,076
up €367,076 (+195.4%), from €187,874 to €554,949
Equity and liabilities
- Debts after one year +€310,814
up €310,814 (+23.8%), from €1.3m to €1.6m
- Profit (loss) carried forward +€33,880
up €33,880 (+6.8%), from €497,182 to €531,062
Income statement
- Depreciation -€67,143
down €67,143 (-42.3%), from €158,891 to €91,749
- Financial charges +€27,351
up €27,351 (+75.4%), from €36,272 to €63,622
- Gross operating margin +€11,661
up €11,661 (+5.8%), from €199,987 to €211,648
- Other operating charges +€5,434
up €5,434 (+20.5%), from €26,501 to €31,935
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
-€18,739
Gross operating margin
+€11,661
Depreciation
+€67,143
Other operating charges
-€5,434
Financial charges
-€27,351
Result 2025
€27,280
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
-€231,114
Investment
-€87,817
Financing
+€320,293
Cash 2024
€14,321
From operations (derived)
-€231,114
Net result for the year
+€27,280
Depreciation
+€91,749
Stocks and contracts
-€367,076
Receivables within one year
+€2,284
Deferred charges and accrued income
+€1,101
Provisions
-€2,938
Trade debts
-€6,742
Other debts
+€21,500
Accrued charges and deferred income
+€1,729
Investment (derived)
-€87,817
Investment in fixed assets (net)
-€87,817
Financing
+€320,293
Debts after one year
+€310,814
Current portion of long-term debt
+€9,479
Cash 2025
€15,683
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,210,924 | €2,572,044 | +€361,121 | +16.3% |
| Fixed assets | 21/28 | €1,932,599 | €1,928,668 | -€3,931 | -0.2% |
| Tangible fixed assets | 22/27 | €1,932,599 | €1,928,668 | -€3,931 | -0.2% |
| Land and buildings | 22 | €1,932,599 | €1,920,428 | -€12,171 | -0.6% |
| Other tangible fixed assets | 26 | - | €8,239 | +€8,239 | |
| Current assets | 29/58 | €278,324 | €643,377 | +€365,052 | +131.2% |
| Stocks and contracts in progress | 3 | €187,874 | €554,949 | +€367,076 | +195.4% |
| Contracts in progress | 37 | €187,874 | €554,949 | +€367,076 | +195.4% |
| Amounts receivable within one year | 40/41 | €68,029 | €65,746 | -€2,284 | -3.4% |
| Trade receivables | 40 | €2,018 | €10,697 | +€8,679 | +430.1% |
| Other amounts receivable | 41 | €66,011 | €55,049 | -€10,963 | -16.6% |
| Cash at bank and in hand | 54/58 | €14,321 | €15,683 | +€1,361 | +9.5% |
| Deferred charges and accrued income | 490/1 | €8,100 | €6,999 | -€1,101 | -13.6% |
| Total equity and liabilities | 10/49 | €2,210,924 | €2,572,044 | +€361,121 | +16.3% |
| Equity | 10/15 | €668,723 | €696,003 | +€27,280 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €65,542 | €58,942 | -€6,600 | -10.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,745 | €26,145 | -€6,600 | -20.2% |
| Distributable reserves | 133 | €26,597 | €26,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €497,182 | €531,062 | +€33,880 | +6.8% |
| Provisions and deferred taxes | 16 | €16,078 | €13,139 | -€2,938 | -18.3% |
| Deferred taxes | 168 | €16,078 | €13,139 | -€2,938 | -18.3% |
| Amounts payable | 17/49 | €1,526,122 | €1,862,902 | +€336,779 | +22.1% |
| Amounts payable after more than one year | 17 | €1,307,904 | €1,618,718 | +€310,814 | +23.8% |
| Financial debts | 170/4 | €1,307,904 | €1,618,718 | +€310,814 | +23.8% |
| Amounts payable within one year | 42/48 | €216,743 | €240,980 | +€24,237 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €150,462 | €159,941 | +€9,479 | +6.3% |
| Trade debts | 44 | €14,581 | €7,839 | -€6,742 | -46.2% |
| Suppliers | 440/4 | €14,581 | €7,839 | -€6,742 | -46.2% |
| Other amounts payable | 47/48 | €51,700 | €73,200 | +€21,500 | +41.6% |
| Accrued charges and deferred income | 492/3 | €1,475 | €3,204 | +€1,729 | +117.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,891 | €91,749 | -€67,143 | -42.3% |
| Other operating charges | 640/8 | €26,501 | €31,935 | +€5,434 | +20.5% |
| Gross operating margin | 9900 | €199,987 | €211,648 | +€11,661 | +5.8% |
| Operating profit (loss) | 9901 | €14,594 | €87,964 | +€73,369 | +502.7% |
| Financial charges | 65/66B | €36,272 | €63,622 | +€27,351 | +75.4% |
| Recurring financial charges | 65 | €36,272 | €63,622 | +€27,351 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,677 | €24,342 | +€46,019 | |
| Transfer from deferred taxes | 780 | €2,938 | €2,938 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€18,739 | €27,280 | +€46,019 | |
| Transfer from tax-exempt reserves | 789 | €6,600 | €6,600 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,139 | €33,880 | +€46,019 |
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 11 October 2026 via checked.be.