JADOULLE-MUNTERS IMMO: what changed
What changed
JADOULLE-MUNTERS IMMO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€30,213
2024 · €39,312-€9,100
Equity
€501,029
2024 · €470,816+€30,213
Cash
€17,025
2024 · €71,365-€54,340
Balance sheet total
€2.5m
2024 · €2.6m-€123,943
Largest movements
Assets
- Tangible fixed assets -€93,623
down €93,623 (-3.7%), from €2.5m to €2.5m
of which Land and buildings: -€48,584
- Cash -€54,340
down €54,340 (-76.1%), from €71,365 to €17,025
mainly Other debts (-€150,969) and Debts after one year (-€39,377)
Equity and liabilities
- Other debts -€150,969
down €150,969 (-10.9%), from €1.4m to €1.2m
- Debts after one year -€39,377
down €39,377 (-6.2%), from €632,199 to €592,822
- Profit (loss) carried forward +€34,931
up €34,931 (+37.9%), from -€92,055 to -€57,124
- Trade debts +€31,819
up €31,819 (+86.0%), from €36,996 to €68,815
Income statement
- Taxes +€32,751
up €32,751 (+7,568%), from €433 to €33,184
- Gross operating margin -€30,487
down €30,487 (-16.5%), from €184,519 to €154,032
- Other operating charges -€30,335
down €30,335 (-56.9%), from €53,317 to €22,983
- Depreciation -€29,905
down €29,905 (-37.2%), from €80,301 to €50,396
- Financial charges -€8,974
down €8,974 (-62.8%), from €14,286 to €5,312
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€39,312
Gross operating margin
-€30,487
Depreciation
+€29,905
Other operating charges
+€30,335
Other operating items
-€14,122
Financial income
-€876
Financial charges
+€8,974
Taxes
-€32,751
Deferred taxes and other
-€77
Result 2025
€30,213
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€58,642
Investment
+€43,227
Financing
-€38,925
Cash 2024
€71,365
From operations (derived)
-€58,642
Net result for the year
+€30,213
Depreciation
+€50,396
Receivables within one year
-€24,649
Deferred charges and accrued income
+€628
Provisions
-€1,573
Trade debts
+€31,819
Tax, wage and social debts
+€5,492
Other debts
-€150,969
Investment (derived)
+€43,227
Investment in fixed assets (net)
+€43,227
Financing
-€38,925
Debts after one year
-€39,377
Current portion of long-term debt
+€452
Cash 2025
€17,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,648,222 | €2,524,279 | -€123,943 | -4.7% |
| Fixed assets | 21/28 | €2,543,726 | €2,450,102 | -€93,623 | -3.7% |
| Tangible fixed assets | 22/27 | €2,543,726 | €2,450,102 | -€93,623 | -3.7% |
| Land and buildings | 22 | €1,774,583 | €1,726,000 | -€48,584 | -2.7% |
| Plant, machinery and equipment | 23 | €1,331 | €1,270 | -€61 | -4.5% |
| Furniture and vehicles | 24 | €85,209 | €40,229 | -€44,979 | -52.8% |
| Other tangible fixed assets | 26 | €682,603 | €682,603 | = | 0.0% |
| Current assets | 29/58 | €104,496 | €74,177 | -€30,319 | -29.0% |
| Amounts receivable within one year | 40/41 | €24,348 | €48,997 | +€24,649 | +101% |
| Trade receivables | 40 | €8,862 | €25,957 | +€17,094 | +193% |
| Other amounts receivable | 41 | €15,486 | €23,041 | +€7,555 | +48.8% |
| Cash at bank and in hand | 54/58 | €71,365 | €17,025 | -€54,340 | -76.1% |
| Deferred charges and accrued income | 490/1 | €8,783 | €8,155 | -€628 | -7.2% |
| Total equity and liabilities | 10/49 | €2,648,222 | €2,524,279 | -€123,943 | -4.7% |
| Equity | 10/15 | €470,816 | €501,029 | +€30,213 | +6.4% |
| Contributions | 10/11 | €157,747 | €157,747 | = | 0.0% |
| Capital | 10 | €157,747 | €157,747 | = | 0.0% |
| Issued capital | 100 | €157,747 | €157,747 | = | 0.0% |
| Reserves | 13 | €405,124 | €400,406 | -€4,718 | -1.2% |
| Non-distributable reserves | 130/1 | €8,987 | €8,987 | = | 0.0% |
| Legal reserve | 130 | €8,987 | €8,987 | = | 0.0% |
| Tax-exempt reserves | 132 | €208,004 | €203,285 | -€4,718 | -2.3% |
| Distributable reserves | 133 | €188,133 | €188,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,055 | -€57,124 | +€34,931 | +37.9% |
| Provisions and deferred taxes | 16 | €83,201 | €81,628 | -€1,573 | -1.9% |
| Deferred taxes | 168 | €83,201 | €81,628 | -€1,573 | -1.9% |
| Amounts payable | 17/49 | €2,094,204 | €1,941,622 | -€152,582 | -7.3% |
| Amounts payable after more than one year | 17 | €632,199 | €592,822 | -€39,377 | -6.2% |
| Financial debts | 170/4 | €632,199 | €592,822 | -€39,377 | -6.2% |
| Amounts payable within one year | 42/48 | €1,462,005 | €1,348,800 | -€113,205 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €38,925 | €39,377 | +€452 | +1.2% |
| Trade debts | 44 | €36,996 | €68,815 | +€31,819 | +86.0% |
| Suppliers | 440/4 | €36,996 | €68,815 | +€31,819 | +86.0% |
| Taxes, remuneration and social security | 45 | €1,868 | €7,361 | +€5,492 | +294% |
| Taxes | 450/3 | €1,868 | €7,361 | +€5,492 | +294% |
| Other amounts payable | 47/48 | €1,384,216 | €1,233,247 | -€150,969 | -10.9% |
| Non-recurring operating income | 76A | €24,500 | €5,926 | -€18,575 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,301 | €50,396 | -€29,905 | -37.2% |
| Other operating charges | 640/8 | €53,317 | €22,983 | -€30,335 | -56.9% |
| Non-recurring operating charges | 66A | - | €14,122 | +€14,122 | |
| Gross operating margin | 9900 | €184,519 | €154,032 | -€30,487 | -16.5% |
| Operating profit (loss) | 9901 | €50,901 | €66,532 | +€15,631 | +30.7% |
| Financial income | 75/76B | €1,480 | €605 | -€876 | -59.2% |
| Recurring financial income | 75 | €1,480 | €605 | -€876 | -59.2% |
| Financial charges | 65/66B | €14,286 | €5,312 | -€8,974 | -62.8% |
| Recurring financial charges | 65 | €14,286 | €5,312 | -€8,974 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €38,095 | €61,824 | +€23,729 | +62.3% |
| Transfer from deferred taxes | 780 | €1,650 | €1,573 | -€77 | -4.7% |
| Income taxes | 67/77 | €433 | €33,184 | +€32,751 | +7,568% |
| Profit (loss) for the period | 9904 | €39,312 | €30,213 | -€9,100 | -23.1% |
| Transfer from tax-exempt reserves | 789 | €3,350 | €4,718 | +€1,368 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,662 | €34,931 | -€7,731 | -18.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.