JAFI-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.
JAFI-IMMO
Largest movements
- Receivables after one year +€33,581
up €33,581 (+34.1%), from €98,500 to €132,081
- Cash +€20,450
up €20,450 (+32.3%), from €63,384 to €83,834
mainly Net result for the year (+€23,724) and Depreciation (+€15,607)
- Tangible fixed assets -€15,607
down €15,607 (-3.4%), from €456,036 to €440,429
of which Land and buildings: -€15,411
- Receivables within one year -€14,500
down €14,500 (-50.5%), from €28,730 to €14,231
- Reserves +€23,724
up €23,724 (+22.9%), from €103,568 to €127,292
of which Distributable reserves: +€23,724
- Financial income +€6,327
up €6,327 (+80.0%), from €7,904 to €14,231
- Gross operating margin +€1,362
up €1,362 (+4.8%), from €28,588 to €29,950
- Depreciation -€625
down €625 (-3.9%), from €16,232 to €15,607
- Other operating charges +€400
up €400 (+9.4%), from €4,236 to €4,636
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 | €649,250 | €673,192 | +€23,942 | +3.7% |
| Fixed assets | 21/28 | €456,036 | €440,429 | -€15,607 | -3.4% |
| Tangible fixed assets | 22/27 | €456,036 | €440,429 | -€15,607 | -3.4% |
| Land and buildings | 22 | €454,325 | €438,914 | -€15,411 | -3.4% |
| Plant, machinery and equipment | 23 | €1,711 | €1,515 | -€196 | -11.4% |
| Current assets | 29/58 | €193,214 | €232,763 | +€39,549 | +20.5% |
| Amounts receivable after more than one year | 29 | €98,500 | €132,081 | +€33,581 | +34.1% |
| Other amounts receivable | 291 | €98,500 | €132,081 | +€33,581 | +34.1% |
| Amounts receivable within one year | 40/41 | €28,730 | €14,231 | -€14,500 | -50.5% |
| Other amounts receivable | 41 | €28,730 | €14,231 | -€14,500 | -50.5% |
| Cash at bank and in hand | 54/58 | €63,384 | €83,834 | +€20,450 | +32.3% |
| Deferred charges and accrued income | 490/1 | €2,600 | €2,617 | +€18 | +0.7% |
| Total equity and liabilities | 10/49 | €649,250 | €673,192 | +€23,942 | +3.7% |
| Equity | 10/15 | €638,568 | €662,292 | +€23,724 | +3.7% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Reserves | 13 | €103,568 | €127,292 | +€23,724 | +22.9% |
| Non-distributable reserves | 130/1 | €53,500 | €53,500 | = | 0.0% |
| Legal reserve | 130 | €53,500 | €53,500 | = | 0.0% |
| Distributable reserves | 133 | €50,068 | €73,792 | +€23,724 | +47.4% |
| Amounts payable | 17/49 | €10,682 | €10,900 | +€218 | +2.0% |
| Accrued charges and deferred income | 492/3 | €10,682 | €10,900 | +€218 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,232 | €15,607 | -€625 | -3.9% |
| Other operating charges | 640/8 | €4,236 | €4,636 | +€400 | +9.4% |
| Gross operating margin | 9900 | €28,588 | €29,950 | +€1,362 | +4.8% |
| Operating profit (loss) | 9901 | €8,120 | €9,707 | +€1,587 | +19.5% |
| Financial income | 75/76B | €7,904 | €14,231 | +€6,327 | +80.0% |
| Recurring financial income | 75 | €7,904 | €14,231 | +€6,327 | +80.0% |
| Financial charges | 65/66B | €222 | €214 | -€8 | -3.6% |
| Recurring financial charges | 65 | €222 | €214 | -€8 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €15,802 | €23,724 | +€7,922 | +50.1% |
| Profit (loss) for the period | 9904 | €15,802 | €23,724 | +€7,922 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,802 | €23,724 | +€7,922 | +50.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.