IMMOJEMAX: 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.
IMMOJEMAX
Largest movements
- Tangible fixed assets -€13,566
down €13,566 (-4.2%), from €321,469 to €307,903
of which Land and buildings: -€10,622
- Cash +€5,259
up €5,259 (+32.0%), from €16,417 to €21,677
mainly Depreciation (+€14,526) and Net result for the year (+€8,591)
- Debts after one year -€16,275
down €16,275 (-6.2%), from €260,849 to €244,573
- Profit (loss) carried forward +€8,591
up €8,591 (+32.5%), from €26,456 to €35,047
- Gross operating margin -€4,901
down €4,901 (-10.9%), from €44,818 to €39,917
- Depreciation -€3,076
down €3,076 (-17.5%), from €17,602 to €14,526
- Financial charges -€2,004
down €2,004 (-12.9%), from €15,561 to €13,557
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 | €384,934 | €373,566 | -€11,367 | -3.0% |
| Formation expenses | 20 | €33,000 | €32,041 | -€959 | -2.9% |
| Fixed assets | 21/28 | €327,579 | €314,013 | -€13,566 | -4.1% |
| Tangible fixed assets | 22/27 | €321,469 | €307,903 | -€13,566 | -4.2% |
| Land and buildings | 22 | €308,852 | €298,230 | -€10,622 | -3.4% |
| Plant, machinery and equipment | 23 | €491 | €167 | -€325 | -66.1% |
| Furniture and vehicles | 24 | €12,126 | €9,506 | -€2,620 | -21.6% |
| Financial fixed assets | 28 | €6,110 | €6,110 | = | 0.0% |
| Current assets | 29/58 | €24,354 | €27,513 | +€3,159 | +13.0% |
| Amounts receivable within one year | 40/41 | €7,394 | €5,298 | -€2,096 | -28.4% |
| Trade receivables | 40 | €4,840 | €430 | -€4,410 | -91.1% |
| Other amounts receivable | 41 | €2,554 | €4,867 | +€2,314 | +90.6% |
| Cash at bank and in hand | 54/58 | €16,417 | €21,677 | +€5,259 | +32.0% |
| Deferred charges and accrued income | 490/1 | €543 | €538 | -€5 | -0.8% |
| Total equity and liabilities | 10/49 | €384,934 | €373,566 | -€11,367 | -3.0% |
| Equity | 10/15 | €95,023 | €103,614 | +€8,591 | +9.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €18,567 | €18,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,567 | €13,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,456 | €35,047 | +€8,591 | +32.5% |
| Amounts payable | 17/49 | €289,910 | €269,952 | -€19,958 | -6.9% |
| Amounts payable after more than one year | 17 | €260,849 | €244,573 | -€16,275 | -6.2% |
| Financial debts | 170/4 | €260,849 | €244,573 | -€16,275 | -6.2% |
| Amounts payable within one year | 42/48 | €29,062 | €25,379 | -€3,683 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €17,631 | €17,352 | -€279 | -1.6% |
| Trade debts | 44 | €7,455 | €3,844 | -€3,612 | -48.4% |
| Suppliers | 440/4 | €7,455 | €3,844 | -€3,612 | -48.4% |
| Taxes, remuneration and social security | 45 | €3,926 | €4,133 | +€207 | +5.3% |
| Taxes | 450/3 | €2,454 | €2,646 | +€193 | +7.9% |
| Remuneration and social security | 454/9 | €1,472 | €1,486 | +€14 | +1.0% |
| Other amounts payable | 47/48 | €50 | €50 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,602 | €14,526 | -€3,076 | -17.5% |
| Other operating charges | 640/8 | €509 | €594 | +€86 | +16.8% |
| Gross operating margin | 9900 | €44,818 | €39,917 | -€4,901 | -10.9% |
| Operating profit (loss) | 9901 | €26,707 | €24,797 | -€1,910 | -7.2% |
| Financial income | 75/76B | €51 | €59 | +€8 | +16.0% |
| Recurring financial income | 75 | €51 | €59 | +€8 | +16.0% |
| Financial charges | 65/66B | €15,561 | €13,557 | -€2,004 | -12.9% |
| Recurring financial charges | 65 | €15,561 | €13,557 | -€2,004 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €11,198 | €11,299 | +€102 | +0.9% |
| Income taxes | 67/77 | €2,461 | €2,708 | +€247 | +10.0% |
| Profit (loss) for the period | 9904 | €8,736 | €8,591 | -€145 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,736 | €8,591 | -€145 | -1.7% |
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 21 October 2026 via checked.be.