J&BE Immo: 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
J&BE Immo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€61,704
2024 · €192,973-€131,269
Equity
€2.5m
2024 · €2.5m+€61,704
Cash
€796,943
2024 · €874,569-€77,626
Balance sheet total
€6.1m
2024 · €6.4m-€298,263
Largest movements
Assets
- Tangible fixed assets -€242,482
down €242,482 (-5.9%), from €4.1m to €3.9m
of which Leasing and similar rights: -€197,247
- Cash -€77,626
down €77,626 (-8.9%), from €874,569 to €796,943
mainly Debts after one year (-€243,659) and Tax, wage and social debts (-€69,138)
Equity and liabilities
- Debts after one year -€243,659
down €243,659 (-8.6%), from €2.8m to €2.6m
- Reserves +€86,711
up €86,711 (+5.9%), from €1.5m to €1.6m
of which Tax-exempt reserves: +€86,711
- Tax, wage and social debts -€69,138
down €69,138 (-84.4%), from €81,871 to €12,733
Income statement
- Turnover -€341,795
no longer reported in 2025 (was €341,795)
- Gross operating margin +€325,572
new in 2025: €325,572
- Other operating income -€172,808
no longer reported in 2025 (was €172,808)
- Services and other goods -€50,919
no longer reported in 2025 (was €50,919)
- Depreciation +€35,853
up €35,853 (+17.4%), from €206,629 to €242,482
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
€192,973
Turnover
-€341,795
Other operating income
-€172,808
Services and other goods
+€50,919
Depreciation
-€35,853
Other operating charges
+€11,153
Other operating items
+€325,572
Financial income
+€162
Financial charges
+€2,838
Taxes
+€28,542
Result 2025
€61,704
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
+€163,582
Investment
€0
Financing
-€241,208
Cash 2024
€874,569
From operations (derived)
+€163,582
Net result for the year
+€61,704
Depreciation
+€242,482
Receivables within one year
-€48,641
Deferred charges and accrued income
+€26,796
Provisions
-€27,230
Trade debts
-€6,529
Tax, wage and social debts
-€69,138
Accrued charges and deferred income
-€15,863
Financing
-€241,208
Debts after one year
-€243,659
Current portion of long-term debt
+€2,452
Cash 2025
€796,943
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,435,128 | €6,136,865 | -€298,263 | -4.6% |
| Fixed assets | 21/28 | €4,144,317 | €3,901,835 | -€242,482 | -5.9% |
| Tangible fixed assets | 22/27 | €4,144,317 | €3,901,835 | -€242,482 | -5.9% |
| Plant, machinery and equipment | 23 | €109 | - | -€109 | |
| Furniture and vehicles | 24 | €11,567 | €5,811 | -€5,755 | -49.8% |
| Leasing and similar rights | 25 | €3,362,540 | €3,165,293 | -€197,247 | -5.9% |
| Other tangible fixed assets | 26 | €770,101 | €730,730 | -€39,371 | -5.1% |
| Current assets | 29/58 | €2,290,811 | €2,235,030 | -€55,781 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,356,312 | €1,404,953 | +€48,641 | +3.6% |
| Trade receivables | 40 | €36,425 | €35,518 | -€907 | -2.5% |
| Other amounts receivable | 41 | €1,319,887 | €1,369,435 | +€49,548 | +3.8% |
| Cash at bank and in hand | 54/58 | €874,569 | €796,943 | -€77,626 | -8.9% |
| Deferred charges and accrued income | 490/1 | €59,930 | €33,134 | -€26,796 | -44.7% |
| Total equity and liabilities | 10/49 | €6,435,128 | €6,136,865 | -€298,263 | -4.6% |
| Equity | 10/15 | €2,480,473 | €2,542,178 | +€61,704 | +2.5% |
| Contributions | 10/11 | €712,810 | €712,810 | = | 0.0% |
| Capital | 10 | €712,810 | €712,810 | = | 0.0% |
| Issued capital | 100 | €712,810 | €712,810 | = | 0.0% |
| Reserves | 13 | €1,467,922 | €1,554,633 | +€86,711 | +5.9% |
| Non-distributable reserves | 130/1 | €79,201 | €79,201 | = | 0.0% |
| Legal reserve | 130 | €79,201 | €79,201 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,388,721 | €1,475,431 | +€86,711 | +6.2% |
| Profit (loss) carried forward | 14 | €299,741 | €274,735 | -€25,006 | -8.3% |
| Provisions and deferred taxes | 16 | €462,907 | €435,677 | -€27,230 | -5.9% |
| Deferred taxes | 168 | €462,907 | €435,677 | -€27,230 | -5.9% |
| Amounts payable | 17/49 | €3,491,748 | €3,159,010 | -€332,737 | -9.5% |
| Amounts payable after more than one year | 17 | €2,820,712 | €2,577,052 | -€243,659 | -8.6% |
| Financial debts | 170/4 | €2,820,712 | €2,577,052 | -€243,659 | -8.6% |
| Leasing and similar obligations | 172 | €2,820,712 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €335,738 | €262,523 | -€73,215 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €241,208 | €243,659 | +€2,452 | +1.0% |
| Trade debts | 44 | €12,660 | €6,131 | -€6,529 | -51.6% |
| Suppliers | 440/4 | €12,660 | €6,131 | -€6,529 | -51.6% |
| Taxes, remuneration and social security | 45 | €81,871 | €12,733 | -€69,138 | -84.4% |
| Taxes | 450/3 | €81,871 | €12,733 | -€69,138 | -84.4% |
| Accrued charges and deferred income | 492/3 | €335,298 | €319,435 | -€15,863 | -4.7% |
| Operating income | 70/76A | €514,603 | - | -€514,603 | |
| Turnover | 70 | €341,795 | - | -€341,795 | |
| Other operating income | 74 | €172,808 | - | -€172,808 | |
| Operating charges | 60/66A | €270,063 | - | -€270,063 | |
| Services and other goods | 61 | €50,919 | - | -€50,919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,629 | €242,482 | +€35,853 | +17.4% |
| Other operating charges | 640/8 | €12,514 | €1,361 | -€11,153 | -89.1% |
| Gross operating margin | 9900 | - | €325,572 | +€325,572 | |
| Operating profit (loss) | 9901 | €244,540 | €81,729 | -€162,811 | -66.6% |
| Financial income | 75/76B | €54,796 | €54,959 | +€162 | +0.3% |
| Recurring financial income | 75 | €54,796 | €54,959 | +€162 | +0.3% |
| Income from current assets | 751 | €54,796 | - | -€54,796 | |
| Financial charges | 65/66B | €35,907 | €33,069 | -€2,838 | -7.9% |
| Recurring financial charges | 65 | €35,561 | €33,069 | -€2,493 | -7.0% |
| Debt charges | 650 | €32,234 | - | -€32,234 | |
| Other financial charges | 652/9 | €3,328 | - | -€3,328 | |
| Non-recurring financial charges | 66B | €345 | - | -€345 | |
| Profit (loss) for the period before taxes | 9903 | €263,430 | €103,619 | -€159,811 | -60.7% |
| Transfer from deferred taxes | 780 | €27,230 | €27,230 | = | 0.0% |
| Income taxes | 67/77 | €97,687 | €69,145 | -€28,542 | -29.2% |
| Taxes | 670/3 | €97,687 | - | -€97,687 | |
| Profit (loss) for the period | 9904 | €192,973 | €61,704 | -€131,269 | -68.0% |
| Transfer from tax-exempt reserves | 789 | €81,689 | €81,689 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €274,663 | -€25,006 | -€299,669 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.