JMJ-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.
JMJ-IMMO
Largest movements
- Tangible fixed assets +€267,889
up €267,889 (+83.3%), from €321,414 to €589,303
of which Assets under construction and advance payments: +€267,889
- Cash +€16,757
up €16,757 (+165.5%), from €10,126 to €26,883
mainly Debts after one year (+€279,766) and Current portion of long-term debt (+€19,113)
- Debts after one year +€279,766
up €279,766 (+93.4%), from €299,526 to €579,292
- Profit (loss) carried forward -€31,496
down €31,496 (-48.7%), from -€64,687 to -€96,183
- Current portion of long-term debt +€19,113
up €19,113 (+1706.5%), from €1,120 to €20,233
- Trade debts +€17,484
up €17,484 (+297.5%), from €5,876 to €23,360
- Other operating charges -€33,324
down €33,324 (-98.8%), from €33,724 to €400
- Gross operating margin +€7,109
up €7,109 (+66.9%), from -€10,626 to -€3,517
- Depreciation +€4,398
up €4,398 (+121.5%), from €3,621 to €8,019
- Financial charges +€2,682
up €2,682 (+15.7%), from €17,053 to €19,735
- Financial income -€162
down €162 (-48.1%), from €337 to €175
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 | €332,748 | €616,990 | +€284,242 | +85.4% |
| Fixed assets | 21/28 | €321,414 | €589,303 | +€267,889 | +83.3% |
| Tangible fixed assets | 22/27 | €321,414 | €589,303 | +€267,889 | +83.3% |
| Land and buildings | 22 | €217,250 | €217,250 | = | 0.0% |
| Assets under construction and advance payments | 27 | €104,164 | €372,053 | +€267,889 | +257.2% |
| Current assets | 29/58 | €11,334 | €27,687 | +€16,353 | +144.3% |
| Amounts receivable within one year | 40/41 | €732 | - | -€732 | |
| Other amounts receivable | 41 | €732 | - | -€732 | |
| Cash at bank and in hand | 54/58 | €10,126 | €26,883 | +€16,757 | +165.5% |
| Deferred charges and accrued income | 490/1 | €476 | €804 | +€328 | +68.9% |
| Total equity and liabilities | 10/49 | €332,748 | €616,990 | +€284,242 | +85.4% |
| Equity | 10/15 | €20,313 | -€11,183 | -€31,496 | |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,687 | -€96,183 | -€31,496 | -48.7% |
| Amounts payable | 17/49 | €312,435 | €628,173 | +€315,738 | +101.1% |
| Amounts payable after more than one year | 17 | €299,526 | €579,292 | +€279,766 | +93.4% |
| Financial debts | 170/4 | €299,526 | €579,292 | +€279,766 | +93.4% |
| Amounts payable within one year | 42/48 | €12,909 | €48,881 | +€35,972 | +278.7% |
| Current portion of amounts payable after more than one year | 42 | €1,120 | €20,233 | +€19,113 | +1706.5% |
| Trade debts | 44 | €5,876 | €23,360 | +€17,484 | +297.5% |
| Suppliers | 440/4 | €5,876 | €23,360 | +€17,484 | +297.5% |
| Other amounts payable | 47/48 | €5,913 | €5,288 | -€625 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,621 | €8,019 | +€4,398 | +121.5% |
| Other operating charges | 640/8 | €33,724 | €400 | -€33,324 | -98.8% |
| Gross operating margin | 9900 | -€10,626 | -€3,517 | +€7,109 | +66.9% |
| Operating profit (loss) | 9901 | -€47,971 | -€11,936 | +€36,035 | +75.1% |
| Financial income | 75/76B | €337 | €175 | -€162 | -48.1% |
| Recurring financial income | 75 | €337 | €175 | -€162 | -48.1% |
| Financial charges | 65/66B | €17,053 | €19,735 | +€2,682 | +15.7% |
| Recurring financial charges | 65 | €17,053 | €19,735 | +€2,682 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,687 | -€31,496 | +€33,191 | +51.3% |
| Profit (loss) for the period | 9904 | -€64,687 | -€31,496 | +€33,191 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,687 | -€31,496 | +€33,191 | +51.3% |
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.