N.J. 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.
N.J. Immo
Largest movements
- Cash -€89,305
down €89,305 (-100.0%), from €89,323 to €17
mainly Investment in fixed assets (net) (-€88,300) and Other debts (-€12,591)
- Tangible fixed assets +€76,023
up €76,023 (+18.1%), from €419,375 to €495,398
- Other debts -€12,591
down €12,591 (-63.4%), from €19,848 to €7,258
- Debts after one year -€10,948
down €10,948 (-2.5%), from €435,707 to €424,759
- Profit (loss) carried forward +€8,974
up €8,974 (+71.8%), from -€12,495 to -€3,521
- Financial income -€17,000
no longer reported in 2025 (was €17,000)
of which Financial income: -€17,000
- Gross operating margin +€16,176
up €16,176 (+186%), from €8,693 to €24,869
- Financial charges -€3,551
down €3,551 (-44.1%), from €8,052 to €4,501
- Depreciation +€2,676
up €2,676 (+27.9%), from €9,601 to €12,277
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 | €508,697 | €495,415 | -€13,282 | -2.6% |
| Fixed assets | 21/28 | €419,375 | €495,398 | +€76,023 | +18.1% |
| Tangible fixed assets | 22/27 | €419,375 | €495,398 | +€76,023 | +18.1% |
| Land and buildings | 22 | €419,375 | €495,398 | +€76,023 | +18.1% |
| Current assets | 29/58 | €89,323 | €17 | -€89,305 | -100.0% |
| Cash at bank and in hand | 54/58 | €89,323 | €17 | -€89,305 | -100.0% |
| Total equity and liabilities | 10/49 | €508,697 | €495,415 | -€13,282 | -2.6% |
| Equity | 10/15 | €42,505 | €51,479 | +€8,974 | +21.1% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,495 | -€3,521 | +€8,974 | +71.8% |
| Amounts payable | 17/49 | €466,192 | €443,936 | -€22,256 | -4.8% |
| Amounts payable after more than one year | 17 | €435,707 | €424,759 | -€10,948 | -2.5% |
| Financial debts | 170/4 | €435,707 | €424,759 | -€10,948 | -2.5% |
| Amounts payable within one year | 42/48 | €30,485 | €19,177 | -€11,308 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €10,619 | €10,948 | +€329 | +3.1% |
| Financial debts | 43 | - | €954 | +€954 | |
| Credit institutions | 430/8 | - | €954 | +€954 | |
| Trade debts | 44 | €17 | €17 | = | 0.0% |
| Suppliers | 440/4 | €17 | €17 | = | 0.0% |
| Other amounts payable | 47/48 | €19,848 | €7,258 | -€12,591 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,601 | €12,277 | +€2,676 | +27.9% |
| Gross operating margin | 9900 | €8,693 | €24,869 | +€16,176 | +186% |
| Operating profit (loss) | 9901 | -€909 | €12,592 | +€13,501 | |
| Financial income | 75/76B | €17,000 | - | -€17,000 | |
| Recurring financial income | 75 | €17,000 | - | -€17,000 | |
| Non-recurring financial income | 76B | €17,000 | - | -€17,000 | |
| Financial charges | 65/66B | €8,052 | €4,501 | -€3,551 | -44.1% |
| Recurring financial charges | 65 | €8,052 | €4,501 | -€3,551 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €8,039 | €8,091 | +€52 | +0.6% |
| Profit (loss) for the period | 9904 | €8,039 | €8,091 | +€52 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,039 | €8,091 | +€52 | +0.6% |
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 27 October 2026 via checked.be.