J.F.M. IMMO: what changed
J.F.M. IMMO
Largest movements
- Cash +€28,620
up €28,620 (+37.8%), from €75,773 to €104,393
mainly Depreciation (+€31,289) and Net result for the year (+€14,781)
- Tangible fixed assets -€24,617
down €24,617 (-5.5%), from €451,480 to €426,862
of which Land and buildings: -€24,509
- Profit (loss) carried forward +€14,781
up €14,781 (+11.5%), from €128,336 to €143,116
- Debts after one year -€8,750
down €8,750 (-34.2%), from €25,563 to €16,813
- Other operating charges -€4,711
down €4,711 (-64.3%), from €7,326 to €2,615
- Gross operating margin -€4,453
down €4,453 (-7.9%), from €56,204 to €51,751
- Depreciation +€2,926
up €2,926 (+10.3%), from €28,363 to €31,289
- Taxes -€1,520
down €1,520 (-29.3%), from €5,186 to €3,666
- Financial income +€1,395
up €1,395 (+465%), from €300 to €1,695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,206 | €534,232 | +€4,026 | +0.8% |
| Fixed assets | 21/28 | €451,480 | €426,862 | -€24,617 | -5.5% |
| Tangible fixed assets | 22/27 | €451,480 | €426,862 | -€24,617 | -5.5% |
| Land and buildings | 22 | €451,372 | €426,862 | -€24,509 | -5.4% |
| Plant, machinery and equipment | 23 | €108 | - | -€108 | |
| Current assets | 29/58 | €78,726 | €107,369 | +€28,643 | +36.4% |
| Cash at bank and in hand | 54/58 | €75,773 | €104,393 | +€28,620 | +37.8% |
| Deferred charges and accrued income | 490/1 | €2,954 | €2,977 | +€23 | +0.8% |
| Total equity and liabilities | 10/49 | €530,206 | €534,232 | +€4,026 | +0.8% |
| Equity | 10/15 | €316,536 | €331,316 | +€14,781 | +4.7% |
| 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% |
| Reserves | 13 | €126,200 | €126,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,336 | €143,116 | +€14,781 | +11.5% |
| Amounts payable | 17/49 | €213,670 | €202,915 | -€10,755 | -5.0% |
| Amounts payable after more than one year | 17 | €25,563 | €16,813 | -€8,750 | -34.2% |
| Financial debts | 170/4 | €25,563 | €16,813 | -€8,750 | -34.2% |
| Amounts payable within one year | 42/48 | €188,107 | €186,102 | -€2,005 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €10,956 | €8,750 | -€2,205 | -20.1% |
| Trade debts | 44 | €1,599 | €1,697 | +€98 | +6.1% |
| Suppliers | 440/4 | €1,599 | €1,697 | +€98 | +6.1% |
| Other amounts payable | 47/48 | €175,552 | €175,655 | +€102 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,363 | €31,289 | +€2,926 | +10.3% |
| Other operating charges | 640/8 | €7,326 | €2,615 | -€4,711 | -64.3% |
| Gross operating margin | 9900 | €56,204 | €51,751 | -€4,453 | -7.9% |
| Operating profit (loss) | 9901 | €20,515 | €17,846 | -€2,669 | -13.0% |
| Financial income | 75/76B | €300 | €1,695 | +€1,395 | +465% |
| Recurring financial income | 75 | €300 | €1,695 | +€1,395 | +465% |
| Financial charges | 65/66B | €1,077 | €1,095 | +€18 | +1.7% |
| Recurring financial charges | 65 | €1,077 | €1,095 | +€18 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €19,738 | €18,446 | -€1,292 | -6.5% |
| Income taxes | 67/77 | €5,186 | €3,666 | -€1,520 | -29.3% |
| Profit (loss) for the period | 9904 | €14,552 | €14,781 | +€228 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,552 | €14,781 | +€228 | +1.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.