JT 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.
JT IMMO
Largest movements
- Receivables within one year +€300,591
new in 2025: €300,591
of which Other amounts receivable: +€257,356
- Cash -€91,866
down €91,866 (-30.8%), from €298,297 to €206,431
mainly Receivables within one year (-€300,591) and Other debts (-€288,446)
- Stocks and contracts -€79,104
down €79,104 (-1.4%), from €5.8m to €5.7m
- Short-term financial debts +€314,831
up €314,831 (+7.0%), from €4.5m to €4.8m
- Other debts -€288,446
down €288,446 (-28.9%), from €998,130 to €709,683
- Reserves +€96,000
up €96,000 (+23.5%), from €408,150 to €504,150
of which Distributable reserves: +€96,000
- Trade debts +€79,738
up €79,738 (+3623.5%), from €2,201 to €81,939
- Gross operating margin -€275,468
down €275,468 (-47.2%), from €583,005 to €307,537
- Financial charges -€102,145
down €102,145 (-34.5%), from €296,065 to €193,920
- Provisions -€100,000
down €100,000, from €80,000 to -€20,000
- Financial income +€9,615
up €9,615 (+87411.9%), from €11 to €9,626
- Other operating charges -€7,125
down €7,125 (-55.4%), from €12,870 to €5,745
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 | €6,101,301 | €6,230,922 | +€129,621 | +2.1% |
| Current assets | 29/58 | €6,101,301 | €6,230,922 | +€129,621 | +2.1% |
| Stocks and contracts in progress | 3 | €5,803,004 | €5,723,900 | -€79,104 | -1.4% |
| Stocks | 30/36 | €5,803,004 | €5,723,900 | -€79,104 | -1.4% |
| Amounts receivable within one year | 40/41 | - | €300,591 | +€300,591 | |
| Trade receivables | 40 | - | €43,235 | +€43,235 | |
| Other amounts receivable | 41 | - | €257,356 | +€257,356 | |
| Cash at bank and in hand | 54/58 | €298,297 | €206,431 | -€91,866 | -30.8% |
| Total equity and liabilities | 10/49 | €6,101,301 | €6,230,922 | +€129,621 | +2.1% |
| Equity | 10/15 | €469,940 | €566,497 | +€96,557 | +20.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €408,150 | €504,150 | +€96,000 | +23.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €402,000 | €498,000 | +€96,000 | +23.9% |
| Profit (loss) carried forward | 14 | €290 | €847 | +€557 | +192.0% |
| Provisions and deferred taxes | 16 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Other liabilities and charges | 164/5 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Amounts payable | 17/49 | €5,551,361 | €5,604,424 | +€53,064 | +1.0% |
| Amounts payable after more than one year | 17 | €7,435 | €1,425 | -€6,010 | -80.8% |
| Other amounts payable | 178/9 | €7,435 | €1,425 | -€6,010 | -80.8% |
| Amounts payable within one year | 42/48 | €5,482,728 | €5,594,772 | +€112,043 | +2.0% |
| Financial debts | 43 | €4,468,320 | €4,783,150 | +€314,831 | +7.0% |
| Credit institutions | 430/8 | €4,468,320 | €4,783,150 | +€314,831 | +7.0% |
| Trade debts | 44 | €2,201 | €81,939 | +€79,738 | +3623.5% |
| Suppliers | 440/4 | €2,201 | €81,939 | +€79,738 | +3623.5% |
| Taxes, remuneration and social security | 45 | €14,078 | €19,999 | +€5,921 | +42.1% |
| Taxes | 450/3 | €14,078 | €19,999 | +€5,921 | +42.1% |
| Other amounts payable | 47/48 | €998,130 | €709,683 | -€288,446 | -28.9% |
| Accrued charges and deferred income | 492/3 | €61,197 | €8,228 | -€52,970 | -86.6% |
| Remuneration, social security and pensions | 62 | -€126 | - | +€126 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,000 | -€20,000 | -€100,000 | |
| Other operating charges | 640/8 | €12,870 | €5,745 | -€7,125 | -55.4% |
| Gross operating margin | 9900 | €583,005 | €307,537 | -€275,468 | -47.2% |
| Operating profit (loss) | 9901 | €490,261 | €321,792 | -€168,469 | -34.4% |
| Financial income | 75/76B | €11 | €9,626 | +€9,615 | +87411.9% |
| Recurring financial income | 75 | €11 | €9,626 | +€9,615 | +87411.9% |
| Financial charges | 65/66B | €296,065 | €193,920 | -€102,145 | -34.5% |
| Recurring financial charges | 65 | €296,065 | €193,920 | -€102,145 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €194,207 | €137,498 | -€56,709 | -29.2% |
| Income taxes | 67/77 | €43,460 | €40,941 | -€2,519 | -5.8% |
| Profit (loss) for the period | 9904 | €150,747 | €96,557 | -€54,190 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,747 | €96,557 | -€54,190 | -35.9% |
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 12 October 2026 via checked.be.