JRC 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.
JRC IMMO
Largest movements
- Receivables within one year -€24,989
down €24,989 (-74.5%), from €33,542 to €8,552
of which Trade receivables: -€30,458
- Tangible fixed assets -€14,674
down €14,674 (-42.4%), from €34,592 to €19,917
of which Furniture and vehicles: -€14,002
- Cash -€12,066
down €12,066 (-15.2%), from €79,515 to €67,449
mainly Contributions, distributions and other (-€46,076) and Debts after one year (-€13,011)
- Deferred charges and accrued income +€3,031
new in 2025: €3,031
- Reserves -€43,977
down €43,977 (-46.1%), from €95,461 to €51,485
- Debts after one year -€13,011
down €13,011 (-69.9%), from €18,614 to €5,603
- Trade debts +€6,945
up €6,945 (+137.3%), from €5,059 to €12,003
- Tax, wage and social debts -€1,871
down €1,871 (-21.6%), from €8,681 to €6,810
of which Taxes: -€3,163
- Accrued charges and deferred income +€1,629
up €1,629 (+125.0%), from €1,303 to €2,933
- Gross operating margin -€54,310
down €54,310 (-63.3%), from €85,747 to €31,437
- Taxes -€18,241
down €18,241 (-92.6%), from €19,689 to €1,448
- Other operating charges +€9,523
up €9,523 (+1281.3%), from €743 to €10,267
- Depreciation +€5,624
up €5,624 (+62.1%), from €9,051 to €14,674
- Staff costs -€3,191
down €3,191 (-60.7%), from €5,255 to €2,064
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 | €147,648 | €98,950 | -€48,699 | -33.0% |
| Fixed assets | 21/28 | €34,592 | €19,917 | -€14,674 | -42.4% |
| Tangible fixed assets | 22/27 | €34,592 | €19,917 | -€14,674 | -42.4% |
| Plant, machinery and equipment | 23 | €963 | €291 | -€672 | -69.8% |
| Furniture and vehicles | 24 | €33,629 | €19,626 | -€14,002 | -41.6% |
| Current assets | 29/58 | €113,056 | €79,032 | -€34,024 | -30.1% |
| Amounts receivable within one year | 40/41 | €33,542 | €8,552 | -€24,989 | -74.5% |
| Trade receivables | 40 | €30,458 | - | -€30,458 | |
| Other amounts receivable | 41 | €3,083 | €8,552 | +€5,469 | +177.4% |
| Cash at bank and in hand | 54/58 | €79,515 | €67,449 | -€12,066 | -15.2% |
| Deferred charges and accrued income | 490/1 | - | €3,031 | +€3,031 | |
| Total equity and liabilities | 10/49 | €147,648 | €98,950 | -€48,699 | -33.0% |
| Equity | 10/15 | €101,461 | €57,485 | -€43,977 | -43.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €95,461 | €51,485 | -€43,977 | -46.1% |
| Distributable reserves | 133 | €95,461 | €51,485 | -€43,977 | -46.1% |
| Amounts payable | 17/49 | €46,187 | €41,465 | -€4,722 | -10.2% |
| Amounts payable after more than one year | 17 | €18,614 | €5,603 | -€13,011 | -69.9% |
| Financial debts | 170/4 | €18,614 | €5,603 | -€13,011 | -69.9% |
| Amounts payable within one year | 42/48 | €26,269 | €32,929 | +€6,660 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €12,420 | €13,011 | +€592 | +4.8% |
| Trade debts | 44 | €5,059 | €12,003 | +€6,945 | +137.3% |
| Suppliers | 440/4 | €5,059 | €12,003 | +€6,945 | +137.3% |
| Taxes, remuneration and social security | 45 | €8,681 | €6,810 | -€1,871 | -21.6% |
| Taxes | 450/3 | €8,681 | €5,518 | -€3,163 | -36.4% |
| Remuneration and social security | 454/9 | - | €1,292 | +€1,292 | |
| Other amounts payable | 47/48 | €110 | €1,105 | +€994 | +903.1% |
| Accrued charges and deferred income | 492/3 | €1,303 | €2,933 | +€1,629 | +125.0% |
| Remuneration, social security and pensions | 62 | €5,255 | €2,064 | -€3,191 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €14,674 | +€5,624 | +62.1% |
| Other operating charges | 640/8 | €743 | €10,267 | +€9,523 | +1281.3% |
| Gross operating margin | 9900 | €85,747 | €31,437 | -€54,310 | -63.3% |
| Operating profit (loss) | 9901 | €70,698 | €4,432 | -€66,266 | -93.7% |
| Financial income | 75/76B | €9 | €366 | +€356 | +3808.7% |
| Recurring financial income | 75 | €9 | €366 | +€356 | +3808.7% |
| Financial charges | 65/66B | €1,633 | €1,251 | -€382 | -23.4% |
| Recurring financial charges | 65 | €1,633 | €1,251 | -€382 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €69,074 | €3,547 | -€65,527 | -94.9% |
| Income taxes | 67/77 | €19,689 | €1,448 | -€18,241 | -92.6% |
| Profit (loss) for the period | 9904 | €49,386 | €2,099 | -€47,286 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,386 | €2,099 | -€47,286 | -95.7% |
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 8 October 2026 via checked.be.