JECK - 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.
JECK - IMMO
Largest movements
- Receivables within one year -€175,222
down €175,222 (-73.2%), from €239,486 to €64,264
of which Trade receivables: -€112,822
- Current investments +€99,051
up €99,051 (+7588.2%), from €1,305 to €100,357
- Cash -€22,563
down €22,563 (-78.7%), from €28,687 to €6,124
mainly Investment in fixed assets (net) (-€113,127) and Current investments (-€99,051)
- Tangible fixed assets +€18,470
up €18,470 (+3.2%), from €571,292 to €589,762
of which Furniture and vehicles: +€76,935
- Short-term financial debts -€69,976
down €69,976 (-100.0%), from €70,000 to €24
- Other debts -€18,508
down €18,508 (-9.5%), from €194,284 to €175,776
- Reserves +€17,678
up €17,678 (+4.4%), from €404,874 to €422,552
of which Distributable reserves: +€17,678
- Accrued charges and deferred income +€14,932
up €14,932 (+87.7%), from €17,034 to €31,965
- Depreciation +€28,303
up €28,303 (+42.7%), from €66,354 to €94,657
- Financial income +€5,293
up €5,293 (+166.4%), from €3,181 to €8,473
- Gross operating margin -€4,208
down €4,208 (-1.9%), from €225,409 to €221,201
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 | €846,504 | €769,116 | -€77,388 | -9.1% |
| Fixed assets | 21/28 | €571,292 | €589,762 | +€18,470 | +3.2% |
| Tangible fixed assets | 22/27 | €571,292 | €589,762 | +€18,470 | +3.2% |
| Land and buildings | 22 | €548,310 | €489,090 | -€59,220 | -10.8% |
| Plant, machinery and equipment | 23 | €7,898 | €8,654 | +€756 | +9.6% |
| Furniture and vehicles | 24 | €15,083 | €92,018 | +€76,935 | +510.1% |
| Current assets | 29/58 | €275,213 | €179,354 | -€95,859 | -34.8% |
| Amounts receivable within one year | 40/41 | €239,486 | €64,264 | -€175,222 | -73.2% |
| Trade receivables | 40 | €176,951 | €64,129 | -€112,822 | -63.8% |
| Other amounts receivable | 41 | €62,535 | €135 | -€62,400 | -99.8% |
| Current investments | 50/53 | €1,305 | €100,357 | +€99,051 | +7588.2% |
| Cash at bank and in hand | 54/58 | €28,687 | €6,124 | -€22,563 | -78.7% |
| Deferred charges and accrued income | 490/1 | €5,734 | €8,609 | +€2,875 | +50.1% |
| Total equity and liabilities | 10/49 | €846,504 | €769,116 | -€77,388 | -9.1% |
| Equity | 10/15 | €510,356 | €520,535 | +€10,179 | +2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €404,874 | €422,552 | +€17,678 | +4.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €252 | €252 | = | 0.0% |
| Distributable reserves | 133 | €398,472 | €416,150 | +€17,678 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €43,982 | €36,483 | -€7,498 | -17.0% |
| Provisions and deferred taxes | 16 | €14,661 | €12,161 | -€2,499 | -17.0% |
| Deferred taxes | 168 | €14,661 | €12,161 | -€2,499 | -17.0% |
| Amounts payable | 17/49 | €321,488 | €236,420 | -€85,068 | -26.5% |
| Amounts payable within one year | 42/48 | €304,454 | €204,454 | -€100,000 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €70,000 | €24 | -€69,976 | -100.0% |
| Credit institutions | 430/8 | €70,000 | €24 | -€69,976 | -100.0% |
| Trade debts | 44 | €15,991 | €12,802 | -€3,189 | -19.9% |
| Suppliers | 440/4 | €15,991 | €12,802 | -€3,189 | -19.9% |
| Taxes, remuneration and social security | 45 | €24,179 | €15,852 | -€8,327 | -34.4% |
| Taxes | 450/3 | €24,179 | €15,852 | -€8,327 | -34.4% |
| Other amounts payable | 47/48 | €194,284 | €175,776 | -€18,508 | -9.5% |
| Accrued charges and deferred income | 492/3 | €17,034 | €31,965 | +€14,932 | +87.7% |
| Non-recurring operating income | 76A | €21,900 | €0 | -€21,900 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,354 | €94,657 | +€28,303 | +42.7% |
| Other operating charges | 640/8 | €12,926 | €13,133 | +€207 | +1.6% |
| Gross operating margin | 9900 | €225,409 | €221,201 | -€4,208 | -1.9% |
| Operating profit (loss) | 9901 | €146,130 | €113,412 | -€32,718 | -22.4% |
| Financial income | 75/76B | €3,181 | €8,473 | +€5,293 | +166.4% |
| Recurring financial income | 75 | €3,181 | €8,473 | +€5,293 | +166.4% |
| Financial charges | 65/66B | €15,296 | €15,046 | -€250 | -1.6% |
| Recurring financial charges | 65 | €15,296 | €15,046 | -€250 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €134,014 | €106,839 | -€27,175 | -20.3% |
| Transfer from deferred taxes | 780 | €939 | €2,499 | +€1,560 | +166.1% |
| Income taxes | 67/77 | €31,422 | €31,680 | +€258 | +0.8% |
| Profit (loss) for the period | 9904 | €103,532 | €77,659 | -€25,874 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,532 | €77,659 | -€25,874 | -25.0% |
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 11 October 2026 via checked.be.