JESA 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.
JESA IMMO
Largest movements
- Tangible fixed assets -€18,832
down €18,832 (-5.0%), from €373,463 to €354,631
- Cash +€7,219
up €7,219 (+404%), from €1,785 to €9,005
mainly Depreciation (+€18,832) and Net result for the year (+€4,449)
- Debts after one year -€14,192
down €14,192 (-35.1%), from €40,442 to €26,250
- Profit (loss) carried forward +€4,449
up €4,449 (+4.6%), from -€95,784 to -€91,336
- Other debts -€4,306
down €4,306 (-7.8%), from €55,299 to €50,994
- Financial income -€5,182
no longer reported in 2025 (was €5,182)
of which Non-recurring financial income: -€5,182
- Gross operating margin +€1,707
up €1,707 (+6.0%), from €28,274 to €29,982
- Financial charges -€643
down €643 (-21.4%), from €2,998 to €2,355
- Depreciation +€460
up €460 (+2.5%), from €18,372 to €18,832
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 | €376,039 | €364,286 | -€11,753 | -3.1% |
| Fixed assets | 21/28 | €373,463 | €354,631 | -€18,832 | -5.0% |
| Tangible fixed assets | 22/27 | €373,463 | €354,631 | -€18,832 | -5.0% |
| Land and buildings | 22 | €373,463 | €354,631 | -€18,832 | -5.0% |
| Current assets | 29/58 | €2,576 | €9,655 | +€7,079 | +275% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,785 | €9,005 | +€7,219 | +404% |
| Deferred charges and accrued income | 490/1 | €790 | €650 | -€140 | -17.8% |
| Total equity and liabilities | 10/49 | €376,039 | €364,286 | -€11,753 | -3.1% |
| Equity | 10/15 | €254,216 | €258,664 | +€4,449 | +1.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,784 | -€91,336 | +€4,449 | +4.6% |
| Amounts payable | 17/49 | €121,823 | €105,621 | -€16,202 | -13.3% |
| Amounts payable after more than one year | 17 | €40,442 | €26,250 | -€14,192 | -35.1% |
| Financial debts | 170/4 | €40,442 | €26,250 | -€14,192 | -35.1% |
| Amounts payable within one year | 42/48 | €79,881 | €77,471 | -€2,409 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €13,633 | €14,192 | +€559 | +4.1% |
| Trade debts | 44 | €10,948 | €8,559 | -€2,389 | -21.8% |
| Suppliers | 440/4 | €10,948 | €8,559 | -€2,389 | -21.8% |
| Taxes, remuneration and social security | 45 | - | €3,726 | +€3,726 | |
| Taxes | 450/3 | - | €3,726 | +€3,726 | |
| Other amounts payable | 47/48 | €55,299 | €50,994 | -€4,306 | -7.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,900 | +€400 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,372 | €18,832 | +€460 | +2.5% |
| Other operating charges | 640/8 | €4,220 | €4,346 | +€126 | +3.0% |
| Gross operating margin | 9900 | €28,274 | €29,982 | +€1,707 | +6.0% |
| Operating profit (loss) | 9901 | €5,682 | €6,804 | +€1,122 | +19.7% |
| Financial income | 75/76B | €5,182 | - | -€5,182 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €5,182 | - | -€5,182 | |
| Financial charges | 65/66B | €2,998 | €2,355 | -€643 | -21.4% |
| Recurring financial charges | 65 | €2,998 | €2,355 | -€643 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €7,866 | €4,449 | -€3,417 | -43.4% |
| Profit (loss) for the period | 9904 | €7,866 | €4,449 | -€3,417 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,866 | €4,449 | -€3,417 | -43.4% |
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 26 October 2026 via checked.be.