JV 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.
JV IMMO
Largest movements
- Cash +€117,489
up €117,489 (+118.4%), from €99,209 to €216,698
mainly Net result for the year (+€82,822) and Receivables within one year (+€20,098)
- Receivables within one year -€20,098
down €20,098 (-44.6%), from €45,098 to €25,000
of which Trade receivables: -€20,098
- Tangible fixed assets -€5,769
down €5,769 (-37.5%), from €15,383 to €9,615
- Profit (loss) carried forward +€82,822
up €82,822 (+82.3%), from €100,683 to €183,505
- Tax, wage and social debts +€8,073
up €8,073 (+27.4%), from €29,466 to €37,540
of which Taxes: +€10,073
- Trade debts +€4,978
up €4,978 (+188.7%), from €2,638 to €7,616
- Debts after one year -€4,197
down €4,197 (-34.0%), from €12,330 to €8,133
- Gross operating margin +€40,275
up €40,275 (+54.5%), from €73,957 to €114,231
- Taxes +€8,105
up €8,105 (+50.9%), from €15,936 to €24,041
- Other operating charges +€1,412
up €1,412 (+874.7%), from €161 to €1,573
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,690 | €251,312 | +€91,622 | +57.4% |
| Fixed assets | 21/28 | €15,383 | €9,615 | -€5,769 | -37.5% |
| Tangible fixed assets | 22/27 | €15,383 | €9,615 | -€5,769 | -37.5% |
| Furniture and vehicles | 24 | €15,383 | €9,615 | -€5,769 | -37.5% |
| Current assets | 29/58 | €144,307 | €241,698 | +€97,391 | +67.5% |
| Amounts receivable within one year | 40/41 | €45,098 | €25,000 | -€20,098 | -44.6% |
| Trade receivables | 40 | €20,098 | - | -€20,098 | |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,209 | €216,698 | +€117,489 | +118.4% |
| Total equity and liabilities | 10/49 | €159,690 | €251,312 | +€91,622 | +57.4% |
| Equity | 10/15 | €110,683 | €193,505 | +€82,822 | +74.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,683 | €183,505 | +€82,822 | +82.3% |
| Amounts payable | 17/49 | €49,007 | €57,807 | +€8,800 | +18.0% |
| Amounts payable after more than one year | 17 | €12,330 | €8,133 | -€4,197 | -34.0% |
| Financial debts | 170/4 | €12,330 | €8,133 | -€4,197 | -34.0% |
| Amounts payable within one year | 42/48 | €36,677 | €49,674 | +€12,997 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €4,037 | €4,197 | +€160 | +4.0% |
| Trade debts | 44 | €2,638 | €7,616 | +€4,978 | +188.7% |
| Suppliers | 440/4 | €2,638 | €7,616 | +€4,978 | +188.7% |
| Taxes, remuneration and social security | 45 | €29,466 | €37,540 | +€8,073 | +27.4% |
| Taxes | 450/3 | €27,466 | €37,540 | +€10,073 | +36.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €536 | €321 | -€214 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,769 | €5,769 | = | 0.0% |
| Other operating charges | 640/8 | €161 | €1,573 | +€1,412 | +874.7% |
| Gross operating margin | 9900 | €73,957 | €114,231 | +€40,275 | +54.5% |
| Operating profit (loss) | 9901 | €68,026 | €106,889 | +€38,863 | +57.1% |
| Financial income | 75/76B | €0 | €657 | +€657 | +160253.7% |
| Recurring financial income | 75 | €0 | €657 | +€657 | +160253.7% |
| Financial charges | 65/66B | €585 | €684 | +€99 | +16.9% |
| Recurring financial charges | 65 | €585 | €684 | +€99 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €67,442 | €106,863 | +€39,421 | +58.5% |
| Income taxes | 67/77 | €15,936 | €24,041 | +€8,105 | +50.9% |
| Profit (loss) for the period | 9904 | €51,506 | €82,822 | +€31,316 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,506 | €82,822 | +€31,316 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.