J-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.
J-IMMO
Largest movements
- Current investments -€268,653
no longer reported in 2025 (was €268,653)
- Debts after one year -€313,234
down €313,234 (-57.4%), from €545,722 to €232,488
- Short-term financial debts +€58,291
new in 2025: €58,291
- Profit (loss) carried forward -€13,590
down €13,590 (-28.8%), from -€47,179 to -€60,769
- Gross operating margin -€44,776
down €44,776, from €44,043 to -€732
- Financial charges -€19,556
down €19,556 (-62.8%), from €31,134 to €11,578
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €864,225 | €595,375 | -€268,850 | -31.1% |
| Fixed assets | 21/28 | €595,375 | €595,375 | = | 0.0% |
| Tangible fixed assets | 22/27 | €595,375 | €595,375 | = | 0.0% |
| Other tangible fixed assets | 26 | €595,375 | €595,375 | = | 0.0% |
| Current assets | 29/58 | €268,850 | - | -€268,850 | |
| Amounts receivable within one year | 40/41 | €197 | - | -€197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Current investments | 50/53 | €268,653 | - | -€268,653 | |
| Total equity and liabilities | 10/49 | €864,225 | €595,375 | -€268,850 | -31.1% |
| Equity | 10/15 | €315,708 | €302,118 | -€13,590 | -4.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €301,387 | €301,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,457 | €1,457 | = | 0.0% |
| Legal reserve | 130 | €1,457 | €1,457 | = | 0.0% |
| Distributable reserves | 133 | €299,930 | €299,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,179 | -€60,769 | -€13,590 | -28.8% |
| Amounts payable | 17/49 | €548,518 | €293,257 | -€255,261 | -46.5% |
| Amounts payable after more than one year | 17 | €545,722 | €232,488 | -€313,234 | -57.4% |
| Financial debts | 170/4 | €545,722 | €232,488 | -€313,234 | -57.4% |
| Amounts payable within one year | 42/48 | €2,749 | €60,723 | +€57,973 | +2108.6% |
| Financial debts | 43 | - | €58,291 | +€58,291 | |
| Credit institutions | 430/8 | - | €58,291 | +€58,291 | |
| Trade debts | 44 | €708 | €732 | +€24 | +3.4% |
| Suppliers | 440/4 | €708 | €732 | +€24 | +3.4% |
| Other amounts payable | 47/48 | €2,042 | €1,700 | -€342 | -16.7% |
| Accrued charges and deferred income | 492/3 | €46 | €46 | = | 0.0% |
| Non-recurring operating income | 76A | €7,657 | - | -€7,657 | |
| Other operating charges | 640/8 | €1,108 | €1,487 | +€379 | +34.2% |
| Gross operating margin | 9900 | €44,043 | -€732 | -€44,776 | |
| Operating profit (loss) | 9901 | €42,935 | -€2,219 | -€45,155 | |
| Financial income | 75/76B | €154 | €208 | +€54 | +35.1% |
| Recurring financial income | 75 | €154 | €208 | +€54 | +35.1% |
| Financial charges | 65/66B | €31,134 | €11,578 | -€19,556 | -62.8% |
| Recurring financial charges | 65 | €31,134 | €11,578 | -€19,556 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €11,955 | -€13,590 | -€25,545 | |
| Profit (loss) for the period | 9904 | €11,955 | -€13,590 | -€25,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,955 | -€13,590 | -€25,545 |
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 11 October 2026 via checked.be.