JD NOTIMMO: 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.
JD NOTIMMO
Largest movements
- Tangible fixed assets -€20,193
down €20,193 (-5.3%), from €379,420 to €359,227
of which Land and buildings: -€18,048
- Cash +€18,591
up €18,591 (+212.0%), from €8,770 to €27,361
mainly Depreciation (+€20,193) and Net result for the year (+€15,828)
- Debts after one year -€16,904
down €16,904 (-8.6%), from €195,448 to €178,543
- Profit (loss) carried forward +€14,106
no longer reported in 2025 (was -€14,106)
- Gross operating margin +€6,188
up €6,188 (+18.8%), from €32,831 to €39,019
- Depreciation +€563
up €563 (+2.9%), from €19,630 to €20,193
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 | €389,554 | €388,670 | -€884 | -0.2% |
| Fixed assets | 21/28 | €379,420 | €359,227 | -€20,193 | -5.3% |
| Tangible fixed assets | 22/27 | €379,420 | €359,227 | -€20,193 | -5.3% |
| Land and buildings | 22 | €362,464 | €344,415 | -€18,048 | -5.0% |
| Plant, machinery and equipment | 23 | €16,956 | €14,812 | -€2,145 | -12.6% |
| Current assets | 29/58 | €10,134 | €29,443 | +€19,309 | +190.5% |
| Amounts receivable within one year | 40/41 | €1,364 | €1,309 | -€54 | -4.0% |
| Trade receivables | 40 | €1,009 | €1,009 | = | 0.0% |
| Other amounts receivable | 41 | €354 | €300 | -€54 | -15.3% |
| Cash at bank and in hand | 54/58 | €8,770 | €27,361 | +€18,591 | +212.0% |
| Deferred charges and accrued income | 490/1 | - | €773 | +€773 | |
| Total equity and liabilities | 10/49 | €389,554 | €388,670 | -€884 | -0.2% |
| Equity | 10/15 | -€11,606 | €4,222 | +€15,828 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €1,722 | +€1,722 | |
| Distributable reserves | 133 | - | €1,722 | +€1,722 | |
| Profit (loss) carried forward | 14 | -€14,106 | - | +€14,106 | |
| Amounts payable | 17/49 | €401,160 | €384,448 | -€16,712 | -4.2% |
| Amounts payable after more than one year | 17 | €195,448 | €178,543 | -€16,904 | -8.6% |
| Financial debts | 170/4 | €195,448 | €178,543 | -€16,904 | -8.6% |
| Amounts payable within one year | 42/48 | €205,712 | €205,904 | +€192 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €16,712 | €16,904 | +€192 | +1.2% |
| Other amounts payable | 47/48 | €189,000 | €189,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,630 | €20,193 | +€563 | +2.9% |
| Other operating charges | 640/8 | €50 | €400 | +€350 | +699.5% |
| Gross operating margin | 9900 | €32,831 | €39,019 | +€6,188 | +18.8% |
| Operating profit (loss) | 9901 | €13,151 | €18,427 | +€5,276 | +40.1% |
| Financial charges | 65/66B | €2,789 | €2,598 | -€190 | -6.8% |
| Recurring financial charges | 65 | €2,789 | €2,598 | -€190 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €10,363 | €15,828 | +€5,466 | +52.7% |
| Profit (loss) for the period | 9904 | €10,363 | €15,828 | +€5,466 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,363 | €15,828 | +€5,466 | +52.7% |
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 5 October 2026 via checked.be.