JAGECA-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.
JAGECA-IMMO
Largest movements
- Tangible fixed assets +€178,361
up €178,361 (+15.4%), from €1.2m to €1.3m
of which Land and buildings: +€196,911
- Cash -€88,367
down €88,367 (-77.9%), from €113,452 to €25,086
mainly Investment in fixed assets (net) (-€253,151) and Other debts (-€109,099)
- Debts after one year +€189,625
up €189,625 (+19.0%), from €998,789 to €1.2m
- Other debts -€109,099
down €109,099 (-48.9%), from €222,973 to €113,874
- Profit (loss) carried forward +€19,459
up €19,459 (+27.7%), from -€70,259 to -€50,800
- Trade debts -€16,611
down €16,611 (-92.0%), from €18,064 to €1,453
- Gross operating margin +€33,283
up €33,283 (+34.1%), from €97,562 to €130,845
- Depreciation +€13,621
up €13,621 (+22.4%), from €60,920 to €74,540
- Financial charges +€9,607
up €9,607 (+43.8%), from €21,923 to €31,530
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 | €1,273,964 | €1,363,851 | +€89,887 | +7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,159,889 | €1,338,500 | +€178,611 | +15.4% |
| Tangible fixed assets | 22/27 | €1,159,889 | €1,338,250 | +€178,361 | +15.4% |
| Land and buildings | 22 | €1,087,947 | €1,284,859 | +€196,911 | +18.1% |
| Furniture and vehicles | 24 | €71,942 | €53,391 | -€18,550 | -25.8% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €114,075 | €25,351 | -€88,724 | -77.8% |
| Amounts receivable within one year | 40/41 | - | €73 | +€73 | |
| Trade receivables | 40 | - | €73 | +€73 | |
| Cash at bank and in hand | 54/58 | €113,452 | €25,086 | -€88,367 | -77.9% |
| Deferred charges and accrued income | 490/1 | €622 | €192 | -€430 | -69.1% |
| Total equity and liabilities | 10/49 | €1,273,964 | €1,363,851 | +€89,887 | +7.1% |
| Equity | 10/15 | -€51,659 | -€32,200 | +€19,459 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,259 | -€50,800 | +€19,459 | +27.7% |
| Amounts payable | 17/49 | €1,325,623 | €1,396,051 | +€70,428 | +5.3% |
| Amounts payable after more than one year | 17 | €998,789 | €1,188,414 | +€189,625 | +19.0% |
| Financial debts | 170/4 | €998,789 | €1,188,414 | +€189,625 | +19.0% |
| Amounts payable within one year | 42/48 | €317,628 | €198,616 | -€119,012 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €76,591 | €83,289 | +€6,698 | +8.7% |
| Trade debts | 44 | €18,064 | €1,453 | -€16,611 | -92.0% |
| Suppliers | 440/4 | €18,064 | €1,453 | -€16,611 | -92.0% |
| Other amounts payable | 47/48 | €222,973 | €113,874 | -€109,099 | -48.9% |
| Accrued charges and deferred income | 492/3 | €9,206 | €9,021 | -€185 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,920 | €74,540 | +€13,621 | +22.4% |
| Other operating charges | 640/8 | €5,221 | €5,315 | +€94 | +1.8% |
| Gross operating margin | 9900 | €97,562 | €130,845 | +€33,283 | +34.1% |
| Operating profit (loss) | 9901 | €31,422 | €50,989 | +€19,568 | +62.3% |
| Financial charges | 65/66B | €21,923 | €31,530 | +€9,607 | +43.8% |
| Recurring financial charges | 65 | €21,923 | €31,530 | +€9,607 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €9,498 | €19,459 | +€9,961 | +105% |
| Profit (loss) for the period | 9904 | €9,498 | €19,459 | +€9,961 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €9,498 | €19,459 | +€9,961 | +105% |
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 16 October 2026 via checked.be.