JAMES REALTY: 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.
JAMES REALTY
Largest movements
- Receivables within one year -€224,718
down €224,718 (-85.2%), from €263,623 to €38,905
of which Trade receivables: -€198,186
- Cash +€140,395
up €140,395 (+94.9%), from €147,941 to €288,335
mainly Receivables within one year (+€224,718) and Other debts (+€109,253)
- Tangible fixed assets +€16,202
up €16,202 (+26.2%), from €61,897 to €78,099
of which Other tangible fixed assets: +€17,195
- Other debts +€109,253
up €109,253 (+177.3%), from €61,615 to €170,869
- Reserves -€84,319
down €84,319 (-20.1%), from €418,558 to €334,239
- Tax, wage and social debts -€46,370
down €46,370 (-92.6%), from €50,101 to €3,731
of which Taxes: -€45,445
- Trade debts -€37,664
down €37,664 (-42.1%), from €89,415 to €51,751
- Gross operating margin +€105,651
up €105,651 (+235.3%), from €44,904 to €150,555
- Taxes +€30,985
up €30,985 (+368.8%), from €8,402 to €39,387
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 | €642,042 | €585,632 | -€56,410 | -8.8% |
| Fixed assets | 21/28 | €75,947 | €97,849 | +€21,902 | +28.8% |
| Tangible fixed assets | 22/27 | €61,897 | €78,099 | +€16,202 | +26.2% |
| Plant, machinery and equipment | 23 | €5,659 | €5,119 | -€540 | -9.5% |
| Furniture and vehicles | 24 | €30,012 | €29,559 | -€453 | -1.5% |
| Other tangible fixed assets | 26 | €26,226 | €43,420 | +€17,195 | +65.6% |
| Financial fixed assets | 28 | €14,050 | €19,750 | +€5,700 | +40.6% |
| Current assets | 29/58 | €566,095 | €487,783 | -€78,312 | -13.8% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €263,623 | €38,905 | -€224,718 | -85.2% |
| Trade receivables | 40 | €209,953 | €11,767 | -€198,186 | -94.4% |
| Other amounts receivable | 41 | €53,670 | €27,138 | -€26,532 | -49.4% |
| Cash at bank and in hand | 54/58 | €147,941 | €288,335 | +€140,395 | +94.9% |
| Deferred charges and accrued income | 490/1 | €14,531 | €20,542 | +€6,011 | +41.4% |
| Total equity and liabilities | 10/49 | €642,042 | €585,632 | -€56,410 | -8.8% |
| Equity | 10/15 | €437,158 | €352,839 | -€84,319 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €418,558 | €334,239 | -€84,319 | -20.1% |
| Distributable reserves | 133 | €418,558 | €334,239 | -€84,319 | -20.1% |
| Amounts payable | 17/49 | €204,884 | €232,794 | +€27,910 | +13.6% |
| Amounts payable after more than one year | 17 | €2,131 | €436 | -€1,696 | -79.6% |
| Financial debts | 170/4 | €2,131 | €436 | -€1,696 | -79.6% |
| Amounts payable within one year | 42/48 | €202,753 | €232,289 | +€29,536 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €1,622 | €1,696 | +€74 | +4.6% |
| Financial debts | 43 | - | €4,243 | +€4,243 | |
| Credit institutions | 430/8 | - | €4,243 | +€4,243 | |
| Trade debts | 44 | €89,415 | €51,751 | -€37,664 | -42.1% |
| Suppliers | 440/4 | €89,415 | €51,751 | -€37,664 | -42.1% |
| Taxes, remuneration and social security | 45 | €50,101 | €3,731 | -€46,370 | -92.6% |
| Taxes | 450/3 | €46,164 | €719 | -€45,445 | -98.4% |
| Remuneration and social security | 454/9 | €3,937 | €3,012 | -€925 | -23.5% |
| Other amounts payable | 47/48 | €61,615 | €170,869 | +€109,253 | +177.3% |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Remuneration, social security and pensions | 62 | €20,614 | €21,158 | +€544 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,545 | €13,436 | +€891 | +7.1% |
| Other operating charges | 640/8 | €2,224 | €1,358 | -€866 | -38.9% |
| Gross operating margin | 9900 | €44,904 | €150,555 | +€105,651 | +235.3% |
| Operating profit (loss) | 9901 | €9,521 | €114,603 | +€105,082 | +1103.7% |
| Financial income | 75/76B | €4,767 | €4,237 | -€529 | -11.1% |
| Recurring financial income | 75 | €4,767 | €4,237 | -€529 | -11.1% |
| Financial charges | 65/66B | €1,359 | €1,730 | +€371 | +27.3% |
| Recurring financial charges | 65 | €1,359 | €1,730 | +€371 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €12,928 | €117,110 | +€104,182 | +805.9% |
| Income taxes | 67/77 | €8,402 | €39,387 | +€30,985 | +368.8% |
| Profit (loss) for the period | 9904 | €4,526 | €77,723 | +€73,197 | +1617.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,526 | €77,723 | +€73,197 | +1617.1% |
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 8 October 2026 via checked.be.