J3 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.
J3 IMMO
Largest movements
- Tangible fixed assets +€177,224
up €177,224 (+77.3%), from €229,140 to €406,364
of which Land and buildings: +€173,347
- Cash -€80,699
down €80,699 (-81.9%), from €98,519 to €17,819
mainly Investment in fixed assets (net) (-€177,224) and Net result for the year (-€21,156)
- Other debts +€56,934
up €56,934 (+221.8%), from €25,668 to €82,602
- Debts after one year +€32,679
up €32,679 (+11.5%), from €285,000 to €317,679
- Profit (loss) carried forward -€21,156
down €21,156 (-162.6%), from -€13,009 to -€34,166
- Trade debts +€15,747
up €15,747, from €0 to €15,747
- Current portion of long-term debt +€12,321
new in 2025: €12,321
- Financial charges +€8,751
up €8,751 (+187.3%), from €4,672 to €13,423
- Gross operating margin +€1,225
up €1,225 (+17.6%), from -€6,970 to -€5,745
- Other operating charges +€621
up €621 (+45.4%), from €1,368 to €1,988
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 | €327,658 | €424,183 | +€96,525 | +29.5% |
| Fixed assets | 21/28 | €229,140 | €406,364 | +€177,224 | +77.3% |
| Tangible fixed assets | 22/27 | €229,140 | €406,364 | +€177,224 | +77.3% |
| Land and buildings | 22 | €229,140 | €402,487 | +€173,347 | +75.7% |
| Furniture and vehicles | 24 | - | €3,877 | +€3,877 | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €98,519 | €17,819 | -€80,699 | -81.9% |
| Cash at bank and in hand | 54/58 | €98,519 | €17,819 | -€80,699 | -81.9% |
| Total equity and liabilities | 10/49 | €327,658 | €424,183 | +€96,525 | +29.5% |
| Equity | 10/15 | €16,991 | -€4,166 | -€21,156 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,009 | -€34,166 | -€21,156 | -162.6% |
| Amounts payable | 17/49 | €310,668 | €428,349 | +€117,681 | +37.9% |
| Amounts payable after more than one year | 17 | €285,000 | €317,679 | +€32,679 | +11.5% |
| Financial debts | 170/4 | €285,000 | €317,679 | +€32,679 | +11.5% |
| Amounts payable within one year | 42/48 | €25,668 | €110,670 | +€85,002 | +331.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,321 | +€12,321 | |
| Trade debts | 44 | €0 | €15,747 | +€15,747 | |
| Suppliers | 440/4 | €0 | €15,747 | +€15,747 | |
| Other amounts payable | 47/48 | €25,668 | €82,602 | +€56,934 | +221.8% |
| Other operating charges | 640/8 | €1,368 | €1,988 | +€621 | +45.4% |
| Gross operating margin | 9900 | -€6,970 | -€5,745 | +€1,225 | +17.6% |
| Operating profit (loss) | 9901 | -€8,337 | -€7,734 | +€604 | +7.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,672 | €13,423 | +€8,751 | +187.3% |
| Recurring financial charges | 65 | €4,672 | €13,423 | +€8,751 | +187.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,009 | -€21,156 | -€8,147 | -62.6% |
| Profit (loss) for the period | 9904 | -€13,009 | -€21,156 | -€8,147 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,009 | -€21,156 | -€8,147 | -62.6% |
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 3 October 2026 via checked.be.