J.M. 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.M. IMMO
Largest movements
- Receivables within one year +€33,805
up €33,805 (+38.5%), from €87,891 to €121,696
of which Trade receivables: +€19,008
- Other debts -€26,787
down €26,787 (-5.3%), from €504,743 to €477,956
- Profit (loss) carried forward +€25,781
up €25,781 (+26.2%), from -€98,339 to -€72,558
- Trade debts +€24,940
up €24,940 (+93.8%), from €26,577 to €51,518
- Gross operating margin +€37,052
up €37,052 (+107.4%), from €34,509 to €71,561
- Financial charges +€10,418
up €10,418 (+99.7%), from €10,447 to €20,865
- Other operating charges +€4,224
up €4,224 (+219.6%), from €1,924 to €6,148
- Depreciation +€1,374
up €1,374 (+7.9%), from €17,412 to €18,786
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 | €624,071 | €648,005 | +€23,934 | +3.8% |
| Fixed assets | 21/28 | €528,825 | €523,959 | -€4,866 | -0.9% |
| Tangible fixed assets | 22/27 | €528,825 | €523,959 | -€4,866 | -0.9% |
| Land and buildings | 22 | €528,825 | €523,008 | -€5,817 | -1.1% |
| Plant, machinery and equipment | 23 | - | €951 | +€951 | |
| Current assets | 29/58 | €95,247 | €124,046 | +€28,800 | +30.2% |
| Amounts receivable within one year | 40/41 | €87,891 | €121,696 | +€33,805 | +38.5% |
| Trade receivables | 40 | €74,763 | €93,771 | +€19,008 | +25.4% |
| Other amounts receivable | 41 | €13,128 | €27,925 | +€14,796 | +112.7% |
| Cash at bank and in hand | 54/58 | €7,355 | €2,129 | -€5,226 | -71.1% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €624,071 | €648,005 | +€23,934 | +3.8% |
| Equity | 10/15 | -€88,339 | -€62,558 | +€25,781 | +29.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,339 | -€72,558 | +€25,781 | +26.2% |
| Amounts payable | 17/49 | €712,410 | €710,564 | -€1,847 | -0.3% |
| Amounts payable within one year | 42/48 | €712,410 | €710,564 | -€1,847 | -0.3% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €26,577 | €51,518 | +€24,940 | +93.8% |
| Suppliers | 440/4 | €26,577 | €51,518 | +€24,940 | +93.8% |
| Taxes, remuneration and social security | 45 | €6,090 | €6,090 | = | 0.0% |
| Taxes | 450/3 | €6,090 | €6,090 | = | 0.0% |
| Other amounts payable | 47/48 | €504,743 | €477,956 | -€26,787 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,412 | €18,786 | +€1,374 | +7.9% |
| Other operating charges | 640/8 | €1,924 | €6,148 | +€4,224 | +219.6% |
| Gross operating margin | 9900 | €34,509 | €71,561 | +€37,052 | +107.4% |
| Operating profit (loss) | 9901 | €15,173 | €46,627 | +€31,454 | +207.3% |
| Financial income | 75/76B | €63 | €19 | -€44 | -69.7% |
| Recurring financial income | 75 | €63 | €19 | -€44 | -69.7% |
| Financial charges | 65/66B | €10,447 | €20,865 | +€10,418 | +99.7% |
| Recurring financial charges | 65 | €10,447 | €20,865 | +€10,418 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €4,789 | €25,781 | +€20,992 | +438.3% |
| Profit (loss) for the period | 9904 | €4,789 | €25,781 | +€20,992 | +438.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,789 | €25,781 | +€20,992 | +438.3% |
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.