JATIMMO: 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.
JATIMMO
Largest movements
- Stocks and contracts +€2.9m
up €2.9m (+26.6%), from €11.0m to €14.0m
- Cash -€622,103
down €622,103 (-55.0%), from €1.1m to €509,776
mainly Stocks and contracts (-€2.9m) and Short-term financial debts (-€1.8m)
- Accrued charges and deferred income +€3.6m
up €3.6m (+163%), from €2.2m to €5.8m
- Short-term financial debts -€1.8m
no longer reported in 2025 (was €1.8m)
- Debts after one year +€1.0m
up €1.0m (+12.0%), from €8.3m to €9.3m
- Profit (loss) carried forward -€470,664
down €470,664 (-112%), from -€420,114 to -€890,777
- Trade debts -€212,381
down €212,381 (-49.0%), from €433,532 to €221,151
- Financial charges -€106,970
down €106,970 (-45.3%), from €235,999 to €129,030
- Gross operating margin +€72,679
up €72,679 (+24.7%), from -€294,596 to -€221,917
- Other operating charges -€55,523
down €55,523 (-94.6%), from €58,669 to €3,145
- Financial income +€34,313
up €34,313 (+115%), from €29,916 to €64,229
of which Non-recurring financial income: +€26,988
- Depreciation -€20,394
down €20,394 (-37.0%), from €55,058 to €34,664
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 | €12,405,142 | €14,800,540 | +€2.4m | +19.3% |
| Fixed assets | 21/28 | €182,158 | €141,137 | -€41,021 | -22.5% |
| Tangible fixed assets | 22/27 | €181,908 | €140,812 | -€41,096 | -22.6% |
| Plant, machinery and equipment | 23 | €154,704 | €133,480 | -€21,224 | -13.7% |
| Furniture and vehicles | 24 | €27,204 | €7,332 | -€19,872 | -73.0% |
| Financial fixed assets | 28 | €250 | €325 | +€75 | +30.0% |
| Current assets | 29/58 | €12,222,984 | €14,659,403 | +€2.4m | +19.9% |
| Stocks and contracts in progress | 3 | €11,043,375 | €13,981,167 | +€2.9m | +26.6% |
| Stocks | 30/36 | €11,043,375 | €13,981,167 | +€2.9m | +26.6% |
| Amounts receivable within one year | 40/41 | €12,729 | €133,461 | +€120,731 | +948% |
| Trade receivables | 40 | - | €9,001 | +€9,001 | |
| Other amounts receivable | 41 | €12,729 | €124,460 | +€111,730 | +878% |
| Cash at bank and in hand | 54/58 | €1,131,879 | €509,776 | -€622,103 | -55.0% |
| Deferred charges and accrued income | 490/1 | €35,000 | €35,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,405,142 | €14,800,540 | +€2.4m | +19.3% |
| Equity | 10/15 | -€399,654 | -€870,317 | -€470,664 | -118% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€420,114 | -€890,777 | -€470,664 | -112% |
| Amounts payable | 17/49 | €12,804,796 | €15,670,858 | +€2.9m | +22.4% |
| Amounts payable after more than one year | 17 | €8,335,000 | €9,335,000 | +€1.0m | +12.0% |
| Financial debts | 170/4 | €8,335,000 | €9,335,000 | +€1.0m | +12.0% |
| Amounts payable within one year | 42/48 | €2,268,315 | €549,365 | -€1.7m | -75.8% |
| Current portion of amounts payable after more than one year | 42 | - | €32,504 | +€32,504 | |
| Financial debts | 43 | €1,833,487 | - | -€1.8m | |
| Credit institutions | 430/8 | €1,833,487 | - | -€1.8m | |
| Trade debts | 44 | €433,532 | €221,151 | -€212,381 | -49.0% |
| Suppliers | 440/4 | €433,532 | €221,151 | -€212,381 | -49.0% |
| Taxes, remuneration and social security | 45 | - | €82,286 | +€82,286 | |
| Taxes | 450/3 | - | €82,286 | +€82,286 | |
| Other amounts payable | 47/48 | €1,296 | €213,424 | +€212,128 | +16,363% |
| Accrued charges and deferred income | 492/3 | €2,201,480 | €5,786,492 | +€3.6m | +163% |
| Remuneration, social security and pensions | 62 | €110,884 | €120,099 | +€9,214 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,058 | €34,664 | -€20,394 | -37.0% |
| Other operating charges | 640/8 | €58,669 | €3,145 | -€55,523 | -94.6% |
| Non-recurring operating charges | 66A | €34,817 | €25,498 | -€9,320 | -26.8% |
| Gross operating margin | 9900 | -€294,596 | -€221,917 | +€72,679 | +24.7% |
| Operating profit (loss) | 9901 | -€554,024 | -€405,323 | +€148,701 | +26.8% |
| Financial income | 75/76B | €29,916 | €64,229 | +€34,313 | +115% |
| Recurring financial income | 75 | €29,916 | €37,241 | +€7,325 | +24.5% |
| Non-recurring financial income | 76B | - | €26,988 | +€26,988 | |
| Financial charges | 65/66B | €235,999 | €129,030 | -€106,970 | -45.3% |
| Recurring financial charges | 65 | €235,999 | €129,030 | -€106,970 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€760,108 | -€470,123 | +€289,984 | +38.2% |
| Income taxes | 67/77 | €335 | €540 | +€205 | +61.3% |
| Profit (loss) for the period | 9904 | -€760,442 | -€470,664 | +€289,779 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€760,442 | -€470,664 | +€289,779 | +38.1% |
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 18 October 2026 via checked.be.