J-Wheels 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-Wheels Immo
Largest movements
- Cash -€169,148
down €169,148 (-70.2%), from €240,953 to €71,805
mainly Receivables within one year (-€152,228) and Other debts (-€50,000)
- Receivables within one year +€152,228
up €152,228 (+1,364%), from €11,161 to €163,390
of which Other amounts receivable: +€150,967
- Tangible fixed assets +€29,350
up €29,350 (+25.7%), from €114,137 to €143,487
of which Land and buildings: +€23,642
- Profit (loss) carried forward +€66,787
no longer reported in 2025 (was -€66,787)
- Other debts -€50,000
down €50,000 (-89.7%), from €55,754 to €5,754
- Reserves -€25,267
down €25,267 (-8.5%), from €296,513 to €271,246
of which Distributable reserves: -€25,267
- Debts after one year +€16,301
new in 2025: €16,301
- Current portion of long-term debt +€4,420
new in 2025: €4,420
- Taxes +€8,500
new in 2025: €8,500
- Depreciation +€4,177
up €4,177 (+123%), from €3,392 to €7,568
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 | €367,093 | €379,541 | +€12,448 | +3.4% |
| Fixed assets | 21/28 | €114,531 | €143,882 | +€29,350 | +25.6% |
| Tangible fixed assets | 22/27 | €114,137 | €143,487 | +€29,350 | +25.7% |
| Land and buildings | 22 | €110,038 | €133,680 | +€23,642 | +21.5% |
| Plant, machinery and equipment | 23 | €4,099 | €9,807 | +€5,708 | +139% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €252,562 | €235,659 | -€16,903 | -6.7% |
| Amounts receivable within one year | 40/41 | €11,161 | €163,390 | +€152,228 | +1,364% |
| Trade receivables | 40 | €10,628 | €11,890 | +€1,261 | +11.9% |
| Other amounts receivable | 41 | €533 | €151,500 | +€150,967 | +28,326% |
| Cash at bank and in hand | 54/58 | €240,953 | €71,805 | -€169,148 | -70.2% |
| Deferred charges and accrued income | 490/1 | €448 | €465 | +€17 | +3.8% |
| Total equity and liabilities | 10/49 | €367,093 | €379,541 | +€12,448 | +3.4% |
| Equity | 10/15 | €306,622 | €348,142 | +€41,520 | +13.5% |
| Contributions | 10/11 | €76,896 | €76,896 | = | 0.0% |
| Reserves | 13 | €296,513 | €271,246 | -€25,267 | -8.5% |
| Tax-exempt reserves | 132 | €2,867 | €2,867 | = | 0.0% |
| Distributable reserves | 133 | €293,646 | €268,379 | -€25,267 | -8.6% |
| Profit (loss) carried forward | 14 | -€66,787 | - | +€66,787 | |
| Amounts payable | 17/49 | €60,471 | €31,398 | -€29,072 | -48.1% |
| Amounts payable after more than one year | 17 | - | €16,301 | +€16,301 | |
| Financial debts | 170/4 | - | €16,301 | +€16,301 | |
| Amounts payable within one year | 42/48 | €60,471 | €15,098 | -€45,373 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,420 | +€4,420 | |
| Trade debts | 44 | €4,717 | €4,893 | +€176 | +3.7% |
| Suppliers | 440/4 | €4,717 | €4,893 | +€176 | +3.7% |
| Taxes, remuneration and social security | 45 | - | €31 | +€31 | |
| Taxes | 450/3 | - | €31 | +€31 | |
| Other amounts payable | 47/48 | €55,754 | €5,754 | -€50,000 | -89.7% |
| Non-recurring operating income | 76A | €1,240 | - | -€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,392 | €7,568 | +€4,177 | +123% |
| Other operating charges | 640/8 | €8,313 | €8,645 | +€332 | +4.0% |
| Gross operating margin | 9900 | €66,519 | €67,065 | +€545 | +0.8% |
| Operating profit (loss) | 9901 | €54,815 | €50,852 | -€3,963 | -7.2% |
| Financial charges | 65/66B | €248 | €832 | +€584 | +235% |
| Recurring financial charges | 65 | €248 | €832 | +€584 | +235% |
| Profit (loss) for the period before taxes | 9903 | €54,566 | €50,020 | -€4,546 | -8.3% |
| Income taxes | 67/77 | - | €8,500 | +€8,500 | |
| Profit (loss) for the period | 9904 | €54,566 | €41,520 | -€13,046 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,566 | €41,520 | -€13,046 | -23.9% |
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 17 October 2026 via checked.be.