J.P. - 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.P. - IMMO
Largest movements
- Stocks and contracts +€396,229
up €396,229 (+37.1%), from €1.1m to €1.5m
- Cash -€132,835
down €132,835 (-95.7%), from €138,757 to €5,921
mainly Stocks and contracts (-€396,229) and Net result for the year (-€194,293)
- Tangible fixed assets -€76,059
down €76,059 (-12.7%), from €597,754 to €521,695
of which Land and buildings: -€65,185
- Receivables within one year +€72,450
up €72,450 (+366.7%), from €19,758 to €92,208
of which Trade receivables: +€78,994
- Trade debts +€253,039
up €253,039 (+22.1%), from €1.1m to €1.4m
- Reserves +€207,381
up €207,381 (+111.2%), from €186,463 to €393,844
of which Tax-exempt reserves: +€207,381
- Profit (loss) carried forward -€171,249
down €171,249 (-27.3%), from -€627,047 to -€798,296
- Other debts -€26,479
down €26,479 (-3.1%), from €865,880 to €839,401
- Gross operating margin -€55,219
down €55,219, from €8,135 to -€47,084
- Staff costs +€27,040
up €27,040 (+74.4%), from €36,336 to €63,376
- Depreciation +€2,260
up €2,260 (+2.8%), from €80,796 to €83,056
- Other operating charges +€1,270
up €1,270 (+11.8%), from €10,793 to €12,062
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 | €1,825,468 | €2,085,141 | +€259,673 | +14.2% |
| Fixed assets | 21/28 | €597,754 | €521,695 | -€76,059 | -12.7% |
| Tangible fixed assets | 22/27 | €597,754 | €521,695 | -€76,059 | -12.7% |
| Land and buildings | 22 | €521,284 | €456,099 | -€65,185 | -12.5% |
| Plant, machinery and equipment | 23 | €60,497 | €53,744 | -€6,753 | -11.2% |
| Furniture and vehicles | 24 | €15,973 | €11,852 | -€4,121 | -25.8% |
| Current assets | 29/58 | €1,227,714 | €1,563,446 | +€335,731 | +27.3% |
| Stocks and contracts in progress | 3 | €1,069,054 | €1,465,284 | +€396,229 | +37.1% |
| Stocks | 30/36 | €1,069,054 | €1,465,284 | +€396,229 | +37.1% |
| Amounts receivable within one year | 40/41 | €19,758 | €92,208 | +€72,450 | +366.7% |
| Trade receivables | 40 | €8,940 | €87,934 | +€78,994 | +883.6% |
| Other amounts receivable | 41 | €10,818 | €4,274 | -€6,544 | -60.5% |
| Cash at bank and in hand | 54/58 | €138,757 | €5,921 | -€132,835 | -95.7% |
| Deferred charges and accrued income | 490/1 | €145 | €32 | -€113 | -77.9% |
| Total equity and liabilities | 10/49 | €1,825,468 | €2,085,141 | +€259,673 | +14.2% |
| Equity | 10/15 | -€273,256 | -€237,124 | +€36,132 | +13.2% |
| Contributions | 10/11 | €167,328 | €167,328 | = | 0.0% |
| Capital | 10 | €167,328 | €167,328 | = | 0.0% |
| Issued capital | 100 | €167,328 | €167,328 | = | 0.0% |
| Reserves | 13 | €186,463 | €393,844 | +€207,381 | +111.2% |
| Non-distributable reserves | 130/1 | €16,733 | €16,733 | = | 0.0% |
| Legal reserve | 130 | €16,733 | €16,733 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,310 | €368,690 | +€207,381 | +128.6% |
| Distributable reserves | 133 | €8,421 | €8,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€627,047 | -€798,296 | -€171,249 | -27.3% |
| Provisions and deferred taxes | 16 | €83,062 | €71,196 | -€11,866 | -14.3% |
| Deferred taxes | 168 | €83,062 | €71,196 | -€11,866 | -14.3% |
| Amounts payable | 17/49 | €2,015,663 | €2,251,069 | +€235,407 | +11.7% |
| Amounts payable within one year | 42/48 | €2,015,663 | €2,251,069 | +€235,407 | +11.7% |
| Trade debts | 44 | €1,142,626 | €1,395,666 | +€253,039 | +22.1% |
| Suppliers | 440/4 | €1,142,626 | €1,395,666 | +€253,039 | +22.1% |
| Taxes, remuneration and social security | 45 | €7,156 | €16,002 | +€8,846 | +123.6% |
| Taxes | 450/3 | - | €1,098 | +€1,098 | |
| Remuneration and social security | 454/9 | €7,156 | €14,904 | +€7,748 | +108.3% |
| Other amounts payable | 47/48 | €865,880 | €839,401 | -€26,479 | -3.1% |
| Remuneration, social security and pensions | 62 | €36,336 | €63,376 | +€27,040 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,796 | €83,056 | +€2,260 | +2.8% |
| Other operating charges | 640/8 | €10,793 | €12,062 | +€1,270 | +11.8% |
| Gross operating margin | 9900 | €8,135 | -€47,084 | -€55,219 | |
| Operating profit (loss) | 9901 | -€119,789 | -€205,578 | -€85,788 | -71.6% |
| Financial charges | 65/66B | €66 | €375 | +€308 | +466.7% |
| Recurring financial charges | 65 | €66 | €375 | +€308 | +466.7% |
| Profit (loss) for the period before taxes | 9903 | -€119,856 | -€205,952 | -€86,097 | -71.8% |
| Transfer from deferred taxes | 780 | €11,866 | €11,866 | = | 0.0% |
| Income taxes | 67/77 | - | €207 | +€207 | |
| Profit (loss) for the period | 9904 | -€107,990 | -€194,293 | -€86,303 | -79.9% |
| Transfer from tax-exempt reserves | 789 | €23,044 | €23,044 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,945 | -€171,249 | -€86,303 | -101.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.