JBL 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.
JBL IMMO
Largest movements
- Tangible fixed assets -€55,134
down €55,134 (-7.4%), from €740,055 to €684,922
of which Land and buildings: -€52,543
- Cash +€49,453
up €49,453 (+693.6%), from €7,130 to €56,583
mainly Other debts (+€100,423) and Depreciation (+€58,276)
- Other debts +€100,423
up €100,423 (+33.5%), from €300,057 to €400,480
- Debts after one year -€73,018
down €73,018 (-67.8%), from €107,739 to €34,721
- Profit (loss) carried forward -€26,419
down €26,419 (-11.3%), from €234,662 to €208,243
- Gross operating margin +€11,366
up €11,366 (+49.7%), from €22,878 to €34,244
- Other operating charges -€6,290
down €6,290 (-55.8%), from €11,262 to €4,973
- Financial charges -€1,634
down €1,634 (-30.2%), from €5,403 to €3,769
- Write-downs +€1,004
no longer reported in 2025 (was -€1,004)
- Financial income -€477
down €477 (-89.7%), from €532 to €55
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 | €961,106 | €961,062 | -€44 | 0.0% |
| Formation expenses | 20 | €275 | €58 | -€216 | -78.8% |
| Fixed assets | 21/28 | €923,703 | €868,569 | -€55,134 | -6.0% |
| Tangible fixed assets | 22/27 | €740,055 | €684,922 | -€55,134 | -7.4% |
| Land and buildings | 22 | €729,941 | €677,398 | -€52,543 | -7.2% |
| Plant, machinery and equipment | 23 | €1,301 | €973 | -€328 | -25.2% |
| Furniture and vehicles | 24 | €6,374 | €4,111 | -€2,262 | -35.5% |
| Other tangible fixed assets | 26 | €2,440 | €2,440 | = | 0.0% |
| Financial fixed assets | 28 | €183,647 | €183,647 | = | 0.0% |
| Current assets | 29/58 | €37,129 | €92,435 | +€55,306 | +149.0% |
| Amounts receivable within one year | 40/41 | €27,589 | €33,338 | +€5,749 | +20.8% |
| Trade receivables | 40 | €1,632 | €967 | -€664 | -40.7% |
| Other amounts receivable | 41 | €25,957 | €32,370 | +€6,413 | +24.7% |
| Cash at bank and in hand | 54/58 | €7,130 | €56,583 | +€49,453 | +693.6% |
| Deferred charges and accrued income | 490/1 | €2,410 | €2,514 | +€105 | +4.3% |
| Total equity and liabilities | 10/49 | €961,106 | €961,062 | -€44 | 0.0% |
| Equity | 10/15 | €438,675 | €407,257 | -€31,418 | -7.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €183,563 | €178,563 | -€4,999 | -2.7% |
| Tax-exempt reserves | 132 | €113,563 | €108,563 | -€4,999 | -4.4% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,662 | €208,243 | -€26,419 | -11.3% |
| Provisions and deferred taxes | 16 | €39,959 | €38,658 | -€1,300 | -3.3% |
| Deferred taxes | 168 | €39,959 | €38,658 | -€1,300 | -3.3% |
| Amounts payable | 17/49 | €482,472 | €515,146 | +€32,675 | +6.8% |
| Amounts payable after more than one year | 17 | €107,739 | €34,721 | -€73,018 | -67.8% |
| Financial debts | 170/4 | €107,739 | €34,721 | -€73,018 | -67.8% |
| Amounts payable within one year | 42/48 | €374,733 | €480,184 | +€105,451 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €71,296 | €77,459 | +€6,163 | +8.6% |
| Trade debts | 44 | €3,347 | €2,246 | -€1,102 | -32.9% |
| Suppliers | 440/4 | €3,347 | €2,246 | -€1,102 | -32.9% |
| Taxes, remuneration and social security | 45 | €33 | - | -€33 | |
| Taxes | 450/3 | €33 | - | -€33 | |
| Other amounts payable | 47/48 | €300,057 | €400,480 | +€100,423 | +33.5% |
| Accrued charges and deferred income | 492/3 | €0 | €241 | +€241 | +1204600.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,113 | €58,276 | +€163 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,004 | - | +€1,004 | |
| Other operating charges | 640/8 | €11,262 | €4,973 | -€6,290 | -55.8% |
| Gross operating margin | 9900 | €22,878 | €34,244 | +€11,366 | +49.7% |
| Operating profit (loss) | 9901 | -€45,493 | -€29,005 | +€16,489 | +36.2% |
| Financial income | 75/76B | €532 | €55 | -€477 | -89.7% |
| Recurring financial income | 75 | €532 | €55 | -€477 | -89.7% |
| Financial charges | 65/66B | €5,403 | €3,769 | -€1,634 | -30.2% |
| Recurring financial charges | 65 | €5,403 | €3,769 | -€1,634 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,363 | -€32,718 | +€17,645 | +35.0% |
| Transfer from deferred taxes | 780 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€49,063 | -€31,418 | +€17,645 | +36.0% |
| Transfer from tax-exempt reserves | 789 | €4,999 | €4,999 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,064 | -€26,419 | +€17,645 | +40.0% |
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 4 October 2026 via checked.be.