JRS 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.
JRS Immo
Largest movements
- Cash -€95,912
down €95,912 (-73.7%), from €130,188 to €34,276
mainly Investment in fixed assets (net) (-€100,180) and Debts after one year (-€67,554)
- Tangible fixed assets +€81,007
up €81,007 (+7.2%), from €1.1m to €1.2m
- Debts after one year -€67,554
down €67,554 (-6.9%), from €978,501 to €910,947
- Profit (loss) carried forward +€26,217
up €26,217 (+16.0%), from -€163,365 to -€137,147
- Current portion of long-term debt +€13,467
up €13,467 (+32.1%), from €41,977 to €55,444
- Trade debts +€12,698
new in 2025: €12,698
- Gross operating margin +€22,666
up €22,666 (+41.1%), from €55,201 to €77,866
- Depreciation +€3,351
up €3,351 (+21.2%), from €15,823 to €19,173
- Other operating charges -€1,230
down €1,230 (-56.3%), from €2,185 to €955
- Financial charges -€1,076
down €1,076 (-3.3%), from €32,597 to €31,521
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 | €1,257,114 | €1,241,942 | -€15,172 | -1.2% |
| Fixed assets | 21/28 | €1,125,519 | €1,206,525 | +€81,007 | +7.2% |
| Tangible fixed assets | 22/27 | €1,123,519 | €1,204,525 | +€81,007 | +7.2% |
| Land and buildings | 22 | €1,123,519 | €1,204,525 | +€81,007 | +7.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €131,595 | €35,417 | -€96,178 | -73.1% |
| Amounts receivable within one year | 40/41 | €685 | - | -€685 | |
| Trade receivables | 40 | €685 | - | -€685 | |
| Cash at bank and in hand | 54/58 | €130,188 | €34,276 | -€95,912 | -73.7% |
| Deferred charges and accrued income | 490/1 | €722 | €1,141 | +€419 | +58.0% |
| Total equity and liabilities | 10/49 | €1,257,114 | €1,241,942 | -€15,172 | -1.2% |
| Equity | 10/15 | €236,635 | €262,853 | +€26,217 | +11.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,365 | -€137,147 | +€26,217 | +16.0% |
| Amounts payable | 17/49 | €1,020,479 | €979,090 | -€41,389 | -4.1% |
| Amounts payable after more than one year | 17 | €978,501 | €910,947 | -€67,554 | -6.9% |
| Financial debts | 170/4 | €978,501 | €910,947 | -€67,554 | -6.9% |
| Amounts payable within one year | 42/48 | €41,977 | €68,142 | +€26,165 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €41,977 | €55,444 | +€13,467 | +32.1% |
| Trade debts | 44 | - | €12,698 | +€12,698 | |
| Suppliers | 440/4 | - | €12,698 | +€12,698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,823 | €19,173 | +€3,351 | +21.2% |
| Other operating charges | 640/8 | €2,185 | €955 | -€1,230 | -56.3% |
| Gross operating margin | 9900 | €55,201 | €77,866 | +€22,666 | +41.1% |
| Operating profit (loss) | 9901 | €37,193 | €57,739 | +€20,546 | +55.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €32,597 | €31,521 | -€1,076 | -3.3% |
| Recurring financial charges | 65 | €32,597 | €31,521 | -€1,076 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €4,596 | €26,217 | +€21,621 | +470% |
| Profit (loss) for the period | 9904 | €4,596 | €26,217 | +€21,621 | +470% |
| Profit (loss) for the period to be appropriated | 9905 | €4,596 | €26,217 | +€21,621 | +470% |
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 13 October 2026 via checked.be.