J.C. 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.
J.C. IMMO
Largest movements
- Receivables within one year +€14,978
new in 2025: €14,978
- Tangible fixed assets -€11,540
down €11,540 (-7.4%), from €156,086 to €144,546
of which Land and buildings: -€9,420
- Cash -€7,274
down €7,274 (-40.4%), from €18,019 to €10,745
mainly Receivables within one year (-€14,978) and Current portion of long-term debt (-€4,834)
- Current portion of long-term debt -€4,834
no longer reported in 2025 (was €4,834)
- Other operating charges +€3,319
up €3,319 (+146.1%), from €2,272 to €5,591
- Gross operating margin +€742
up €742 (+3.9%), from €18,985 to €19,727
- Taxes +€553
up €553 (+36.5%), from €1,513 to €2,066
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,105 | €170,269 | -€3,836 | -2.2% |
| Fixed assets | 21/28 | €156,086 | €144,546 | -€11,540 | -7.4% |
| Tangible fixed assets | 22/27 | €156,086 | €144,546 | -€11,540 | -7.4% |
| Land and buildings | 22 | €145,486 | €136,066 | -€9,420 | -6.5% |
| Plant, machinery and equipment | 23 | €10,600 | €8,480 | -€2,120 | -20.0% |
| Current assets | 29/58 | €18,019 | €25,723 | +€7,704 | +42.8% |
| Amounts receivable within one year | 40/41 | - | €14,978 | +€14,978 | |
| Other amounts receivable | 41 | - | €14,978 | +€14,978 | |
| Cash at bank and in hand | 54/58 | €18,019 | €10,745 | -€7,274 | -40.4% |
| Total equity and liabilities | 10/49 | €174,105 | €170,269 | -€3,836 | -2.2% |
| Equity | 10/15 | €94,526 | €96,161 | +€1,635 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,584 | €76,818 | +€1,234 | +1.6% |
| Tax-exempt reserves | 132 | €55,300 | €52,534 | -€2,766 | -5.0% |
| Distributable reserves | 133 | €20,284 | €24,284 | +€4,000 | +19.7% |
| Profit (loss) carried forward | 14 | €342 | €743 | +€401 | +117.3% |
| Provisions and deferred taxes | 16 | €23,700 | €22,515 | -€1,185 | -5.0% |
| Deferred taxes | 168 | €23,700 | €22,515 | -€1,185 | -5.0% |
| Amounts payable | 17/49 | €55,879 | €51,593 | -€4,286 | -7.7% |
| Amounts payable within one year | 42/48 | €55,879 | €51,593 | -€4,286 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €4,834 | - | -€4,834 | |
| Trade debts | 44 | - | €917 | +€917 | |
| Suppliers | 440/4 | - | €917 | +€917 | |
| Taxes, remuneration and social security | 45 | €4,929 | €3,623 | -€1,306 | -26.5% |
| Taxes | 450/3 | €4,929 | €3,623 | -€1,306 | -26.5% |
| Other amounts payable | 47/48 | €46,116 | €47,053 | +€937 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,541 | €11,541 | = | 0.0% |
| Other operating charges | 640/8 | €2,272 | €5,591 | +€3,319 | +146.1% |
| Gross operating margin | 9900 | €18,985 | €19,727 | +€742 | +3.9% |
| Operating profit (loss) | 9901 | €5,172 | €2,595 | -€2,577 | -49.8% |
| Financial income | 75/76B | €1 | €144 | +€143 | +14300.0% |
| Recurring financial income | 75 | €1 | €144 | +€143 | +14300.0% |
| Financial charges | 65/66B | €318 | €224 | -€94 | -29.6% |
| Recurring financial charges | 65 | €318 | €224 | -€94 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €4,855 | €2,515 | -€2,340 | -48.2% |
| Transfer from deferred taxes | 780 | - | €1,185 | +€1,185 | |
| Income taxes | 67/77 | €1,513 | €2,066 | +€553 | +36.5% |
| Profit (loss) for the period | 9904 | €3,342 | €1,634 | -€1,708 | -51.1% |
| Transfer from tax-exempt reserves | 789 | - | €2,767 | +€2,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,342 | €4,401 | +€1,059 | +31.7% |
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 8 October 2026 via checked.be.