J&S 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&S Immo
Largest movements
- Tangible fixed assets -€581,519
down €581,519 (-45.6%), from €1.3m to €692,594
of which Land and buildings: -€580,920
- Receivables within one year +€221,117
up €221,117 (+27.7%), from €797,990 to €1.0m
of which Other amounts receivable: +€216,064
- Cash +€201,064
up €201,064 (+9,990%), from €2,013 to €203,076
mainly Investment in fixed assets (net) (+€563,880) and Net result for the year (+€154,100)
- Debts after one year -€302,024
down €302,024 (-10.2%), from €3.0m to €2.7m
- Profit (loss) carried forward +€154,100
up €154,100 (+19.2%), from -€802,115 to -€648,016
- Current portion of long-term debt -€25,371
down €25,371 (-100%), from €25,371 to €0
- Gross operating margin +€108,054
up €108,054 (+86.3%), from €125,202 to €233,256
- Financial charges +€31,245
up €31,245 (+81.7%), from €38,248 to €69,492
- Depreciation -€15,476
down €15,476 (-46.1%), from €33,555 to €18,079
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 | €2,224,774 | €2,065,000 | -€159,774 | -7.2% |
| Formation expenses | 20 | €1,282 | €842 | -€440 | -34.3% |
| Fixed assets | 21/28 | €1,423,367 | €841,848 | -€581,519 | -40.9% |
| Tangible fixed assets | 22/27 | €1,274,112 | €692,594 | -€581,519 | -45.6% |
| Land and buildings | 22 | €1,273,514 | €692,594 | -€580,920 | -45.6% |
| Plant, machinery and equipment | 23 | €599 | €0 | -€599 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €149,254 | €149,254 | = | 0.0% |
| Current assets | 29/58 | €800,126 | €1,222,310 | +€422,184 | +52.8% |
| Amounts receivable within one year | 40/41 | €797,990 | €1,019,107 | +€221,117 | +27.7% |
| Trade receivables | 40 | €116,484 | €121,537 | +€5,053 | +4.3% |
| Other amounts receivable | 41 | €681,506 | €897,570 | +€216,064 | +31.7% |
| Cash at bank and in hand | 54/58 | €2,013 | €203,076 | +€201,064 | +9,990% |
| Deferred charges and accrued income | 490/1 | €123 | €127 | +€4 | +3.1% |
| Total equity and liabilities | 10/49 | €2,224,774 | €2,065,000 | -€159,774 | -7.2% |
| Equity | 10/15 | -€795,915 | -€641,816 | +€154,100 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€802,115 | -€648,016 | +€154,100 | +19.2% |
| Amounts payable | 17/49 | €3,020,690 | €2,706,816 | -€313,874 | -10.4% |
| Amounts payable after more than one year | 17 | €2,972,739 | €2,670,715 | -€302,024 | -10.2% |
| Financial debts | 170/4 | €2,972,739 | €2,670,715 | -€302,024 | -10.2% |
| Amounts payable within one year | 42/48 | €35,304 | €7,251 | -€28,054 | -79.5% |
| Current portion of amounts payable after more than one year | 42 | €25,371 | €0 | -€25,371 | -100% |
| Trade debts | 44 | €6,436 | €0 | -€6,436 | -100% |
| Suppliers | 440/4 | €6,436 | €0 | -€6,436 | -100% |
| Taxes, remuneration and social security | 45 | €105 | €0 | -€105 | -100% |
| Taxes | 450/3 | €105 | €0 | -€105 | -100% |
| Other amounts payable | 47/48 | €3,393 | €7,251 | +€3,858 | +114% |
| Accrued charges and deferred income | 492/3 | €12,646 | €28,850 | +€16,204 | +128% |
| Non-recurring operating income | 76A | €111,585 | €232,649 | +€121,064 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,555 | €18,079 | -€15,476 | -46.1% |
| Other operating charges | 640/8 | €8,410 | €6,846 | -€1,564 | -18.6% |
| Gross operating margin | 9900 | €125,202 | €233,256 | +€108,054 | +86.3% |
| Operating profit (loss) | 9901 | €83,237 | €208,331 | +€125,094 | +150% |
| Financial income | 75/76B | €12,964 | €15,261 | +€2,297 | +17.7% |
| Recurring financial income | 75 | €12,964 | €15,261 | +€2,297 | +17.7% |
| Financial charges | 65/66B | €38,248 | €69,492 | +€31,245 | +81.7% |
| Recurring financial charges | 65 | €38,248 | €69,492 | +€31,245 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €57,954 | €154,100 | +€96,146 | +166% |
| Profit (loss) for the period | 9904 | €57,954 | €154,100 | +€96,146 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €57,954 | €154,100 | +€96,146 | +166% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.