M.J.S. 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.
M.J.S. IMMO
Largest movements
- Tangible fixed assets +€44,702
up €44,702 (+9.3%), from €478,710 to €523,412
- Cash -€44,484
down €44,484 (-45.5%), from €97,865 to €53,381
mainly Investment in fixed assets (net) (-€80,992) and Net result for the year (-€56,717)
- Other debts +€95,976
up €95,976 (+1,002%), from €9,577 to €105,552
- Reserves -€42,775
down €42,775 (-97.9%), from €43,678 to €903
of which Tax-exempt reserves: -€42,775
- Debts after one year -€37,673
down €37,673 (-9.8%), from €384,617 to €346,944
of which Financial debts: -€37,673
- Provisions -€14,258
no longer reported in 2025 (was €14,258)
- Profit (loss) carried forward -€13,943
down €13,943 (-94.4%), from -€14,769 to -€28,712
- Depreciation +€3,260
up €3,260 (+9.9%), from €33,030 to €36,290
- Gross operating margin -€2,463
down €2,463 (-234%), from -€1,051 to -€3,514
- Financial charges +€2,219
up €2,219 (+13.8%), from €16,051 to €18,270
- Other operating charges +€393
up €393 (+3.1%), from €12,509 to €12,901
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 | €576,575 | €576,793 | +€218 | 0.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €478,710 | €523,412 | +€44,702 | +9.3% |
| Tangible fixed assets | 22/27 | €478,710 | €523,412 | +€44,702 | +9.3% |
| Land and buildings | 22 | €478,710 | €523,412 | +€44,702 | +9.3% |
| Current assets | 29/58 | €97,865 | €53,381 | -€44,484 | -45.5% |
| Cash at bank and in hand | 54/58 | €97,865 | €53,381 | -€44,484 | -45.5% |
| Total equity and liabilities | 10/49 | €576,575 | €576,793 | +€218 | 0.0% |
| Equity | 10/15 | €130,909 | €74,192 | -€56,717 | -43.3% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €43,678 | €903 | -€42,775 | -97.9% |
| Non-distributable reserves | 130/1 | €903 | €903 | = | 0.0% |
| Reserves not available under the articles | 1311 | €903 | €903 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,775 | - | -€42,775 | |
| Profit (loss) carried forward | 14 | -€14,769 | -€28,712 | -€13,943 | -94.4% |
| Provisions and deferred taxes | 16 | €14,258 | - | -€14,258 | |
| Deferred taxes | 168 | €14,258 | - | -€14,258 | |
| Amounts payable | 17/49 | €431,408 | €502,601 | +€71,194 | +16.5% |
| Amounts payable after more than one year | 17 | €384,617 | €346,944 | -€37,673 | -9.8% |
| Financial debts | 170/4 | €384,617 | €346,944 | -€37,673 | -9.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,791 | €155,658 | +€108,867 | +233% |
| Current portion of amounts payable after more than one year | 42 | €36,343 | €37,673 | +€1,330 | +3.7% |
| Trade debts | 44 | €871 | €11,370 | +€10,499 | +1,205% |
| Suppliers | 440/4 | €871 | €11,370 | +€10,499 | +1,205% |
| Taxes, remuneration and social security | 45 | - | €1,063 | +€1,063 | |
| Taxes | 450/3 | - | €1,063 | +€1,063 | |
| Other amounts payable | 47/48 | €9,577 | €105,552 | +€95,976 | +1,002% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,030 | €36,290 | +€3,260 | +9.9% |
| Other operating charges | 640/8 | €12,509 | €12,901 | +€393 | +3.1% |
| Gross operating margin | 9900 | -€1,051 | -€3,514 | -€2,463 | -234% |
| Operating profit (loss) | 9901 | -€46,590 | -€52,706 | -€6,116 | -13.1% |
| Financial charges | 65/66B | €16,051 | €18,270 | +€2,219 | +13.8% |
| Recurring financial charges | 65 | €16,051 | €18,270 | +€2,219 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€62,641 | -€70,976 | -€8,335 | -13.3% |
| Transfer from deferred taxes | 780 | €14,258 | €14,258 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€48,382 | -€56,717 | -€8,335 | -17.2% |
| Transfer from tax-exempt reserves | 789 | €42,775 | €42,775 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,607 | -€13,943 | -€8,335 | -149% |
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 19 October 2026 via checked.be.