J and G IMMO: 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
J and G IMMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,139
2024 · €29,903-€48,042
Equity
€1.0m
2024 · €1.0m-€18,139
Cash
€4,516
2024 · €14,650-€10,134
Balance sheet total
€1.3m
2024 · €1.1m+€228,331
Largest movements
Assets
- Tangible fixed assets +€234,640
up €234,640 (+21.5%), from €1.1m to €1.3m
of which Land and buildings: +€248,858
Equity and liabilities
- Debts after one year +€140,892
new in 2025: €140,892
- Other debts +€103,271
up €103,271 (+345%), from €29,940 to €133,211
- Profit (loss) carried forward -€15,271
down €15,271, from €7,804 to -€7,468
Income statement
- Gross operating margin -€61,740
down €61,740 (-59.1%), from €104,448 to €42,707
- Depreciation +€2,217
up €2,217 (+3.9%), from €56,520 to €58,738
- Financial charges -€1,633
down €1,633 (-37.1%), from €4,405 to €2,772
- Financial income -€1,076
down €1,076 (-97.6%), from €1,103 to €26
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
€29,903
Gross operating margin
-€61,740
Depreciation
-€2,217
Other operating charges
-€3
Financial income
-€1,076
Financial charges
+€1,633
Taxes
-€44
Deferred taxes and other
+€15,406
Result 2025
-€18,139
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€134,922
Investment
-€293,377
Financing
+€148,322
Cash 2024
€14,650
From operations (derived)
+€134,922
Net result for the year
-€18,139
Depreciation
+€58,738
Receivables within one year
-€3,825
Provisions
-€956
Trade debts
-€1,047
Tax, wage and social debts
-€3,120
Other debts
+€103,271
Investment (derived)
-€293,377
Investment in fixed assets (net)
-€293,377
Financing
+€148,322
Debts after one year
+€140,892
Current portion of long-term debt
+€7,831
Short-term financial debts
-€401
Cash 2025
€4,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,104,648 | €1,332,978 | +€228,331 | +20.7% |
| Fixed assets | 21/28 | €1,089,846 | €1,324,486 | +€234,640 | +21.5% |
| Tangible fixed assets | 22/27 | €1,089,846 | €1,324,486 | +€234,640 | +21.5% |
| Land and buildings | 22 | €1,039,002 | €1,287,859 | +€248,858 | +24.0% |
| Plant, machinery and equipment | 23 | €6,344 | €5,951 | -€393 | -6.2% |
| Furniture and vehicles | 24 | €44,500 | €30,675 | -€13,825 | -31.1% |
| Current assets | 29/58 | €14,802 | €8,493 | -€6,309 | -42.6% |
| Amounts receivable within one year | 40/41 | €152 | €3,977 | +€3,825 | +2,509% |
| Other amounts receivable | 41 | €152 | €3,977 | +€3,825 | +2,509% |
| Cash at bank and in hand | 54/58 | €14,650 | €4,516 | -€10,134 | -69.2% |
| Total equity and liabilities | 10/49 | €1,104,648 | €1,332,978 | +€228,331 | +20.7% |
| Equity | 10/15 | €1,030,826 | €1,012,687 | -€18,139 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,004,422 | €1,001,554 | -€2,868 | -0.3% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €21,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €117,562 | €114,694 | -€2,868 | -2.4% |
| Distributable reserves | 133 | €865,000 | €865,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,804 | -€7,468 | -€15,271 | |
| Provisions and deferred taxes | 16 | €38,378 | €37,422 | -€956 | -2.5% |
| Deferred taxes | 168 | €38,378 | €37,422 | -€956 | -2.5% |
| Amounts payable | 17/49 | €35,444 | €282,870 | +€247,426 | +698% |
| Amounts payable after more than one year | 17 | - | €140,892 | +€140,892 | |
| Financial debts | 170/4 | - | €140,892 | +€140,892 | |
| Amounts payable within one year | 42/48 | €35,444 | €141,978 | +€106,534 | +301% |
| Current portion of amounts payable after more than one year | 42 | - | €7,831 | +€7,831 | |
| Financial debts | 43 | €436 | €35 | -€401 | -92.0% |
| Credit institutions | 430/8 | €436 | €35 | -€401 | -92.0% |
| Trade debts | 44 | €1,729 | €682 | -€1,047 | -60.6% |
| Suppliers | 440/4 | €1,729 | €682 | -€1,047 | -60.6% |
| Taxes, remuneration and social security | 45 | €3,339 | €219 | -€3,120 | -93.5% |
| Taxes | 450/3 | €3,339 | €219 | -€3,120 | -93.5% |
| Other amounts payable | 47/48 | €29,940 | €133,211 | +€103,271 | +345% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,520 | €58,738 | +€2,217 | +3.9% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Gross operating margin | 9900 | €104,448 | €42,707 | -€61,740 | -59.1% |
| Operating profit (loss) | 9901 | €47,830 | -€16,131 | -€63,961 | |
| Financial income | 75/76B | €1,103 | €26 | -€1,076 | -97.6% |
| Recurring financial income | 75 | €1,103 | €26 | -€1,076 | -97.6% |
| Financial charges | 65/66B | €4,405 | €2,772 | -€1,633 | -37.1% |
| Recurring financial charges | 65 | €4,405 | €2,772 | -€1,633 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €44,527 | -€18,877 | -€63,404 | |
| Transfer from deferred taxes | 780 | €956 | €956 | = | 0.0% |
| Transfer to deferred taxes | 680 | €15,406 | €0 | -€15,406 | -100% |
| Income taxes | 67/77 | €175 | €219 | +€44 | +25.1% |
| Profit (loss) for the period | 9904 | €29,903 | -€18,139 | -€48,042 | |
| Transfer from tax-exempt reserves | 789 | €2,868 | €2,868 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €46,217 | €0 | -€46,217 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,447 | -€15,271 | -€1,825 | -13.6% |
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 28 October 2026 via checked.be.