JM&C 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.
JM&C IMMO
Largest movements
- Tangible fixed assets +€216,114
up €216,114 (+103.8%), from €208,211 to €424,326
- Cash -€82,668
down €82,668 (-43.3%), from €190,782 to €108,114
mainly Investment in fixed assets (net) (-€252,094) and Trade debts (-€2,531)
- Receivables within one year -€22,045
down €22,045 (-89.4%), from €24,656 to €2,611
- Other debts +€82,483
up €82,483 (+9064.0%), from €910 to €83,393
- Reserves +€26,828
up €26,828 (+12.7%), from €211,977 to €238,805
of which Distributable reserves: +€33,641
- Depreciation +€10,678
up €10,678 (+42.2%), from €25,301 to €35,979
- Gross operating margin +€6,450
up €6,450 (+9.1%), from €71,013 to €77,463
- Financial income -€3,156
down €3,156 (-64.0%), from €4,930 to €1,774
- Financial charges +€2,944
up €2,944 (+19069.2%), from €15 to €2,960
- Taxes -€1,385
down €1,385 (-8.1%), from €17,126 to €15,741
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 | €430,152 | €535,050 | +€104,899 | +24.4% |
| Fixed assets | 21/28 | €208,211 | €424,326 | +€216,114 | +103.8% |
| Tangible fixed assets | 22/27 | €208,211 | €424,326 | +€216,114 | +103.8% |
| Land and buildings | 22 | €208,211 | €424,326 | +€216,114 | +103.8% |
| Current assets | 29/58 | €221,940 | €110,724 | -€111,216 | -50.1% |
| Amounts receivable after more than one year | 29 | €2,086 | - | -€2,086 | |
| Other amounts receivable | 291 | €2,086 | - | -€2,086 | |
| Amounts receivable within one year | 40/41 | €24,656 | €2,611 | -€22,045 | -89.4% |
| Other amounts receivable | 41 | €24,656 | €2,611 | -€22,045 | -89.4% |
| Cash at bank and in hand | 54/58 | €190,782 | €108,114 | -€82,668 | -43.3% |
| Deferred charges and accrued income | 490/1 | €4,416 | - | -€4,416 | |
| Total equity and liabilities | 10/49 | €430,152 | €535,050 | +€104,899 | +24.4% |
| Equity | 10/15 | €360,124 | €386,951 | +€26,828 | +7.4% |
| Contributions | 10/11 | €10,230 | €10,230 | = | 0.0% |
| Reserves | 13 | €211,977 | €238,805 | +€26,828 | +12.7% |
| Tax-exempt reserves | 132 | €144,688 | €137,875 | -€6,813 | -4.7% |
| Distributable reserves | 133 | €67,290 | €100,930 | +€33,641 | +50.0% |
| Profit (loss) carried forward | 14 | €137,917 | €137,917 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,843 | €48,572 | -€2,271 | -4.5% |
| Deferred taxes | 168 | €50,843 | €48,572 | -€2,271 | -4.5% |
| Amounts payable | 17/49 | €19,185 | €99,526 | +€80,342 | +418.8% |
| Amounts payable within one year | 42/48 | €19,185 | €99,526 | +€80,342 | +418.8% |
| Trade debts | 44 | €2,541 | €10 | -€2,531 | -99.6% |
| Suppliers | 440/4 | €2,541 | €10 | -€2,531 | -99.6% |
| Taxes, remuneration and social security | 45 | €15,734 | €16,124 | +€390 | +2.5% |
| Taxes | 450/3 | €15,734 | €16,124 | +€390 | +2.5% |
| Other amounts payable | 47/48 | €910 | €83,393 | +€82,483 | +9064.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,301 | €35,979 | +€10,678 | +42.2% |
| Gross operating margin | 9900 | €71,013 | €77,463 | +€6,450 | +9.1% |
| Operating profit (loss) | 9901 | €45,712 | €41,484 | -€4,228 | -9.3% |
| Financial income | 75/76B | €4,930 | €1,774 | -€3,156 | -64.0% |
| Recurring financial income | 75 | €4,930 | €1,774 | -€3,156 | -64.0% |
| Financial charges | 65/66B | €15 | €2,960 | +€2,944 | +19069.2% |
| Recurring financial charges | 65 | €15 | €2,960 | +€2,944 | +19069.2% |
| Profit (loss) for the period before taxes | 9903 | €50,626 | €40,298 | -€10,328 | -20.4% |
| Transfer from deferred taxes | 780 | €777 | €2,271 | +€1,494 | +192.2% |
| Income taxes | 67/77 | €17,126 | €15,741 | -€1,385 | -8.1% |
| Profit (loss) for the period | 9904 | €34,277 | €26,828 | -€7,450 | -21.7% |
| Transfer from tax-exempt reserves | 789 | €2,332 | €6,813 | +€4,481 | +192.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,609 | €33,641 | -€2,969 | -8.1% |
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 9 October 2026 via checked.be.