JM IMMO: 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.
JM IMMO
Largest movements
- Stocks and contracts +€29,250
up €29,250 (+41.1%), from €71,224 to €100,474
- Tangible fixed assets +€3,055
up €3,055 (+1.9%), from €158,757 to €161,812
of which Other tangible fixed assets: +€6,625
- Other debts +€60,584
up €60,584 (+61.4%), from €98,712 to €159,296
- Debts after one year -€15,971
down €15,971 (-14.0%), from €113,692 to €97,721
of which Financial debts: -€16,546
- Profit (loss) carried forward -€11,106
down €11,106 (-81.5%), from -€13,629 to -€24,736
- Gross operating margin +€9,902
up €9,902, from -€868 to €9,034
- Depreciation +€1,788
up €1,788 (+17.2%), from €10,365 to €12,153
- Other operating charges -€1,096
down €1,096 (-30.3%), from €3,615 to €2,519
- Financial charges -€274
down €274 (-4.9%), from €5,588 to €5,314
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 | €238,427 | €270,856 | +€32,429 | +13.6% |
| Fixed assets | 21/28 | €158,757 | €161,812 | +€3,055 | +1.9% |
| Tangible fixed assets | 22/27 | €158,757 | €161,812 | +€3,055 | +1.9% |
| Land and buildings | 22 | €117,237 | €113,667 | -€3,570 | -3.0% |
| Other tangible fixed assets | 26 | €41,520 | €48,145 | +€6,625 | +16.0% |
| Current assets | 29/58 | €79,670 | €109,044 | +€29,374 | +36.9% |
| Stocks and contracts in progress | 3 | €71,224 | €100,474 | +€29,250 | +41.1% |
| Stocks | 30/36 | €71,224 | €100,474 | +€29,250 | +41.1% |
| Amounts receivable within one year | 40/41 | €3,961 | €3,961 | = | 0.0% |
| Trade receivables | 40 | €3,961 | €3,961 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,532 | €3,436 | +€904 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,952 | €1,172 | -€780 | -40.0% |
| Total equity and liabilities | 10/49 | €238,427 | €270,856 | +€32,429 | +13.6% |
| Equity | 10/15 | €6,831 | -€4,276 | -€11,106 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,629 | -€24,736 | -€11,106 | -81.5% |
| Amounts payable | 17/49 | €231,596 | €275,132 | +€43,535 | +18.8% |
| Amounts payable after more than one year | 17 | €113,692 | €97,721 | -€15,971 | -14.0% |
| Financial debts | 170/4 | €113,692 | €97,146 | -€16,546 | -14.6% |
| Other amounts payable | 178/9 | - | €575 | +€575 | |
| Amounts payable within one year | 42/48 | €117,904 | €176,890 | +€58,986 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €15,969 | €16,546 | +€577 | +3.6% |
| Trade debts | 44 | €946 | €675 | -€271 | -28.6% |
| Suppliers | 440/4 | €946 | €675 | -€271 | -28.6% |
| Taxes, remuneration and social security | 45 | €2,277 | €373 | -€1,904 | -83.6% |
| Taxes | 450/3 | €2,277 | €373 | -€1,904 | -83.6% |
| Other amounts payable | 47/48 | €98,712 | €159,296 | +€60,584 | +61.4% |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,365 | €12,153 | +€1,788 | +17.2% |
| Other operating charges | 640/8 | €3,615 | €2,519 | -€1,096 | -30.3% |
| Gross operating margin | 9900 | -€868 | €9,034 | +€9,902 | |
| Operating profit (loss) | 9901 | -€14,848 | -€5,638 | +€9,210 | +62.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,588 | €5,314 | -€274 | -4.9% |
| Recurring financial charges | 65 | €5,588 | €5,314 | -€274 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,436 | -€10,952 | +€9,484 | +46.4% |
| Income taxes | 67/77 | €218 | €155 | -€64 | -29.2% |
| Profit (loss) for the period | 9904 | -€20,654 | -€11,106 | +€9,548 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,654 | -€11,106 | +€9,548 | +46.2% |
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 3 October 2026 via checked.be.