J.L.M. 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.L.M. IMMO
Largest movements
- Cash +€158,026
up €158,026 (+33.3%), from €474,099 to €632,124
mainly Net result for the year (+€367,032) and Depreciation (+€152,038)
- Receivables within one year -€49,797
down €49,797 (-90.8%), from €54,817 to €5,019
of which Trade receivables: -€52,908
- Reserves +€367,032
up €367,032 (+15.8%), from €2.3m to €2.7m
of which Distributable reserves: +€367,032
- Debts after one year -€165,147
down €165,147 (-10.2%), from €1.6m to €1.4m
- Current portion of long-term debt -€82,334
down €82,334 (-33.3%), from €247,481 to €165,147
- Financial income +€19,674
up €19,674 (+98372450.0%), from €0 to €19,675
- Gross operating margin +€17,056
up €17,056 (+2.5%), from €670,041 to €687,097
- Depreciation +€13,147
up €13,147 (+9.5%), from €138,890 to €152,038
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 | €4,368,093 | €4,479,750 | +€111,657 | +2.6% |
| Fixed assets | 21/28 | €3,336,870 | €3,336,932 | +€62 | 0.0% |
| Tangible fixed assets | 22/27 | €3,336,870 | €3,336,804 | -€66 | 0.0% |
| Land and buildings | 22 | €3,336,870 | €3,271,778 | -€65,092 | -2.0% |
| Furniture and vehicles | 24 | - | €65,026 | +€65,026 | |
| Financial fixed assets | 28 | - | €129 | +€129 | |
| Current assets | 29/58 | €1,031,223 | €1,142,818 | +€111,595 | +10.8% |
| Amounts receivable within one year | 40/41 | €54,817 | €5,019 | -€49,797 | -90.8% |
| Trade receivables | 40 | €52,908 | - | -€52,908 | |
| Other amounts receivable | 41 | €1,909 | €5,019 | +€3,111 | +163.0% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €474,099 | €632,124 | +€158,026 | +33.3% |
| Deferred charges and accrued income | 490/1 | €2,308 | €5,674 | +€3,367 | +145.9% |
| Total equity and liabilities | 10/49 | €4,368,093 | €4,479,750 | +€111,657 | +2.6% |
| Equity | 10/15 | €2,438,705 | €2,805,736 | +€367,032 | +15.1% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €2,327,153 | €2,694,184 | +€367,032 | +15.8% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €2,315,997 | €2,683,029 | +€367,032 | +15.8% |
| Amounts payable | 17/49 | €1,929,388 | €1,674,014 | -€255,374 | -13.2% |
| Amounts payable after more than one year | 17 | €1,613,335 | €1,448,188 | -€165,147 | -10.2% |
| Financial debts | 170/4 | €1,613,335 | €1,448,188 | -€165,147 | -10.2% |
| Amounts payable within one year | 42/48 | €279,507 | €189,143 | -€90,364 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €247,481 | €165,147 | -€82,334 | -33.3% |
| Trade debts | 44 | €8,867 | €1,558 | -€7,308 | -82.4% |
| Suppliers | 440/4 | €8,867 | €1,558 | -€7,308 | -82.4% |
| Advances received on contracts in progress | 46 | €9,479 | €8,912 | -€568 | -6.0% |
| Taxes, remuneration and social security | 45 | €11,049 | €8,856 | -€2,193 | -19.9% |
| Taxes | 450/3 | €11,049 | €5,830 | -€5,220 | -47.2% |
| Remuneration and social security | 454/9 | - | €3,027 | +€3,027 | |
| Other amounts payable | 47/48 | €2,631 | €4,669 | +€2,039 | +77.5% |
| Accrued charges and deferred income | 492/3 | €36,546 | €36,683 | +€137 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,890 | €152,038 | +€13,147 | +9.5% |
| Other operating charges | 640/8 | €56,975 | €58,378 | +€1,404 | +2.5% |
| Gross operating margin | 9900 | €670,041 | €687,097 | +€17,056 | +2.5% |
| Operating profit (loss) | 9901 | €474,176 | €476,681 | +€2,505 | +0.5% |
| Financial income | 75/76B | €0 | €19,675 | +€19,674 | +98372450.0% |
| Recurring financial income | 75 | €0 | €19,675 | +€19,674 | +98372450.0% |
| Financial charges | 65/66B | €7,743 | €5,475 | -€2,268 | -29.3% |
| Recurring financial charges | 65 | €7,743 | €5,475 | -€2,268 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €466,433 | €490,881 | +€24,448 | +5.2% |
| Income taxes | 67/77 | €117,267 | €123,849 | +€6,582 | +5.6% |
| Profit (loss) for the period | 9904 | €349,166 | €367,032 | +€17,865 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €349,166 | €367,032 | +€17,865 | +5.1% |
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 12 October 2026 via checked.be.