JCV 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.
What changed
JCV IMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,686
2024 · -€12,675+€4,988
Equity
€873,271
2024 · €880,957-€7,686
Cash
€4,675
2024 · €2,449+€2,226
Balance sheet total
€3.0m
2024 · €2.3m+€667,281
Largest movements
Assets
- Tangible fixed assets +€891,855
up €891,855 (+57.9%), from €1.5m to €2.4m
of which Land and buildings: +€904,538
- Stocks and contracts -€197,443
down €197,443 (-60.8%), from €324,886 to €127,443
Equity and liabilities
- Trade debts +€399,858
up €399,858 (+988%), from €40,463 to €440,322
- Other debts +€371,098
up €371,098 (+278%), from €133,532 to €504,630
- Debts after one year -€117,575
down €117,575 (-19.4%), from €605,757 to €488,181
- Reserves -€32,669
down €32,669 (-3.3%), from €986,907 to €954,238
Income statement
- Gross operating margin +€109,024
up €109,024 (+71.2%), from €153,229 to €262,253
- Other operating charges +€91,033
up €91,033 (+179%), from €50,893 to €141,926
- Depreciation +€9,227
up €9,227 (+12.1%), from €76,403 to €85,629
- Financial charges +€7,405
up €7,405 (+16.5%), from €44,756 to €52,161
- Financial income -€7,357
down €7,357 (-84.0%), from €8,756 to €1,399
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.
Result 2024
-€12,675
Gross operating margin
+€109,024
Depreciation
-€9,227
Other operating charges
-€91,033
Financial income
-€7,357
Financial charges
-€7,405
Taxes
+€6,962
Deferred taxes and other
+€4,024
Result 2025
-€7,686
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€948,943
Financing
-€123,905
Cash 2024
€2,449
From operations (derived)
+€1.1m
Net result for the year
-€7,686
Depreciation
+€85,629
Stocks and contracts
+€197,443
Receivables within one year
+€816
Provisions
-€10,890
Trade debts
+€399,858
Tax, wage and social debts
+€23,985
Other debts
+€371,098
Accrued charges and deferred income
+€14,820
Investment (derived)
-€948,943
Investment in fixed assets (net)
-€948,943
Financing
-€123,905
Debts after one year
-€117,575
Current portion of long-term debt
+€1,217
Short-term financial debts
-€7,546
Contributions, distributions and other
-€0
Cash 2025
€4,675
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,298,192 | €2,965,473 | +€667,281 | +29.0% |
| Fixed assets | 21/28 | €1,569,122 | €2,432,436 | +€863,314 | +55.0% |
| Intangible fixed assets | 21 | €28,541 | €0 | -€28,541 | -100% |
| Tangible fixed assets | 22/27 | €1,540,581 | €2,432,436 | +€891,855 | +57.9% |
| Land and buildings | 22 | €1,365,085 | €2,269,623 | +€904,538 | +66.3% |
| Furniture and vehicles | 24 | €50,289 | €37,607 | -€12,683 | -25.2% |
| Other tangible fixed assets | 26 | €125,206 | €125,206 | = | 0.0% |
| Current assets | 29/58 | €729,070 | €533,038 | -€196,033 | -26.9% |
| Stocks and contracts in progress | 3 | €324,886 | €127,443 | -€197,443 | -60.8% |
| Stocks | 30/36 | €324,886 | €127,443 | -€197,443 | -60.8% |
| Amounts receivable within one year | 40/41 | €401,735 | €400,919 | -€816 | -0.2% |
| Trade receivables | 40 | €45,833 | €0 | -€45,833 | -100% |
| Other amounts receivable | 41 | €355,902 | €400,919 | +€45,018 | +12.6% |
| Cash at bank and in hand | 54/58 | €2,449 | €4,675 | +€2,226 | +90.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,298,192 | €2,965,473 | +€667,281 | +29.0% |
| Equity | 10/15 | €880,957 | €873,271 | -€7,686 | -0.9% |
| Contributions | 10/11 | €15,496 | €15,496 | = | 0.0% |
| Reserves | 13 | €986,907 | €954,238 | -€32,669 | -3.3% |
| Tax-exempt reserves | 132 | €986,907 | €954,238 | -€32,669 | -3.3% |
| Profit (loss) carried forward | 14 | -€121,446 | -€96,464 | +€24,982 | +20.6% |
| Provisions and deferred taxes | 16 | €409,090 | €398,200 | -€10,890 | -2.7% |
| Deferred taxes | 168 | €409,090 | €398,200 | -€10,890 | -2.7% |
| Amounts payable | 17/49 | €1,008,145 | €1,694,002 | +€685,857 | +68.0% |
| Amounts payable after more than one year | 17 | €605,757 | €488,181 | -€117,575 | -19.4% |
| Financial debts | 170/4 | €605,757 | €488,181 | -€117,575 | -19.4% |
| Amounts payable within one year | 42/48 | €356,371 | €1,144,983 | +€788,612 | +221% |
| Current portion of amounts payable after more than one year | 42 | €10,186 | €11,402 | +€1,217 | +11.9% |
| Financial debts | 43 | €150,083 | €142,536 | -€7,546 | -5.0% |
| Credit institutions | 430/8 | €150,083 | €142,536 | -€7,546 | -5.0% |
| Trade debts | 44 | €40,463 | €440,322 | +€399,858 | +988% |
| Suppliers | 440/4 | €40,463 | €440,322 | +€399,858 | +988% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,108 | €46,094 | +€23,985 | +108% |
| Taxes | 450/3 | €22,108 | €46,094 | +€23,985 | +108% |
| Other amounts payable | 47/48 | €133,532 | €504,630 | +€371,098 | +278% |
| Accrued charges and deferred income | 492/3 | €46,017 | €60,837 | +€14,820 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,403 | €85,629 | +€9,227 | +12.1% |
| Other operating charges | 640/8 | €50,893 | €141,926 | +€91,033 | +179% |
| Gross operating margin | 9900 | €153,229 | €262,253 | +€109,024 | +71.2% |
| Operating profit (loss) | 9901 | €25,933 | €34,698 | +€8,764 | +33.8% |
| Financial income | 75/76B | €8,756 | €1,399 | -€7,357 | -84.0% |
| Recurring financial income | 75 | €8,756 | €1,399 | -€7,357 | -84.0% |
| Financial charges | 65/66B | €44,756 | €52,161 | +€7,405 | +16.5% |
| Recurring financial charges | 65 | €44,756 | €52,161 | +€7,405 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,067 | -€16,065 | -€5,997 | -59.6% |
| Transfer from deferred taxes | 780 | €6,866 | €10,890 | +€4,024 | +58.6% |
| Income taxes | 67/77 | €9,473 | €2,511 | -€6,962 | -73.5% |
| Profit (loss) for the period | 9904 | -€12,675 | -€7,686 | +€4,988 | +39.4% |
| Transfer from tax-exempt reserves | 789 | €20,598 | €32,669 | +€12,071 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,923 | €24,982 | +€17,060 | +215% |
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 19 October 2026 via checked.be.