J.R. 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.R. IMMO
Largest movements
- Tangible fixed assets -€19,694
down €19,694 (-4.5%), from €434,933 to €415,239
- Receivables within one year +€16,080
up €16,080 (+33.0%), from €48,767 to €64,847
- Cash -€9,180
down €9,180 (-68.1%), from €13,472 to €4,292
mainly Receivables within one year (-€16,080) and Debts after one year (-€13,676)
- Receivables after one year -€9,174
down €9,174 (-12.1%), from €75,554 to €66,381
- Debts after one year -€13,676
down €13,676 (-32.2%), from €42,458 to €28,782
- Financial income +€7,274
up €7,274 (+156%), from €4,660 to €11,934
- Gross operating margin -€2,855
down €2,855 (-19.2%), from €14,836 to €11,981
- Taxes +€1,207
up €1,207 (+42.6%), from €2,833 to €4,039
- Financial charges -€365
down €365 (-14.7%), from €2,479 to €2,114
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.
Derived cash bridge
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 | €630,716 | €612,520 | -€18,196 | -2.9% |
| Fixed assets | 21/28 | €434,933 | €415,239 | -€19,694 | -4.5% |
| Tangible fixed assets | 22/27 | €434,933 | €415,239 | -€19,694 | -4.5% |
| Land and buildings | 22 | €434,933 | €415,239 | -€19,694 | -4.5% |
| Current assets | 29/58 | €195,783 | €197,282 | +€1,498 | +0.8% |
| Amounts receivable after more than one year | 29 | €75,554 | €66,381 | -€9,174 | -12.1% |
| Trade receivables | 290 | €75,554 | €66,381 | -€9,174 | -12.1% |
| Amounts receivable within one year | 40/41 | €48,767 | €64,847 | +€16,080 | +33.0% |
| Other amounts receivable | 41 | €48,767 | €64,847 | +€16,080 | +33.0% |
| Current investments | 50/53 | €57,990 | €61,762 | +€3,772 | +6.5% |
| Cash at bank and in hand | 54/58 | €13,472 | €4,292 | -€9,180 | -68.1% |
| Total equity and liabilities | 10/49 | €630,716 | €612,520 | -€18,196 | -2.9% |
| Equity | 10/15 | €496,501 | €496,267 | -€234 | 0.0% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €321,501 | €321,267 | -€234 | -0.1% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,600 | €192,308 | -€11,292 | -5.5% |
| Distributable reserves | 133 | €100,401 | €111,460 | +€11,059 | +11.0% |
| Provisions and deferred taxes | 16 | €67,867 | €64,103 | -€3,764 | -5.5% |
| Deferred taxes | 168 | €67,867 | €64,103 | -€3,764 | -5.5% |
| Amounts payable | 17/49 | €66,349 | €52,150 | -€14,198 | -21.4% |
| Amounts payable after more than one year | 17 | €42,458 | €28,782 | -€13,676 | -32.2% |
| Financial debts | 170/4 | €42,458 | €28,782 | -€13,676 | -32.2% |
| Amounts payable within one year | 42/48 | €18,739 | €21,527 | +€2,789 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €13,220 | €13,676 | +€456 | +3.4% |
| Trade debts | 44 | - | €207 | +€207 | |
| Suppliers | 440/4 | - | €207 | +€207 | |
| Taxes, remuneration and social security | 45 | €5,519 | €7,645 | +€2,126 | +38.5% |
| Taxes | 450/3 | €5,519 | €7,645 | +€2,126 | +38.5% |
| Accrued charges and deferred income | 492/3 | €5,152 | €1,841 | -€3,311 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,694 | €19,694 | = | 0.0% |
| Other operating charges | 640/8 | €1,984 | €2,065 | +€80 | +4.1% |
| Gross operating margin | 9900 | €14,836 | €11,981 | -€2,855 | -19.2% |
| Operating profit (loss) | 9901 | -€6,842 | -€9,778 | -€2,936 | -42.9% |
| Financial income | 75/76B | €4,660 | €11,934 | +€7,274 | +156% |
| Recurring financial income | 75 | €4,660 | €11,934 | +€7,274 | +156% |
| Financial charges | 65/66B | €2,479 | €2,114 | -€365 | -14.7% |
| Recurring financial charges | 65 | €2,479 | €2,114 | -€365 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,661 | €42 | +€4,703 | |
| Transfer from deferred taxes | 780 | €3,764 | €3,764 | = | 0.0% |
| Income taxes | 67/77 | €2,833 | €4,039 | +€1,207 | +42.6% |
| Profit (loss) for the period | 9904 | -€3,730 | -€234 | +€3,496 | +93.7% |
| Transfer from tax-exempt reserves | 789 | €11,292 | €11,292 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,562 | €11,059 | +€3,496 | +46.2% |
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 21 October 2026 via checked.be.