J-CONSTRUCT: 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.
J-CONSTRUCT
Largest movements
- Receivables within one year +€58,248
up €58,248 (+905%), from €6,438 to €64,686
of which Trade receivables: +€56,399
- Tangible fixed assets +€43,953
up €43,953 (+73.5%), from €59,828 to €103,780
of which Furniture and vehicles: +€91,103
- Stocks and contracts -€18,046
down €18,046 (-49.8%), from €36,254 to €18,208
of which Contracts in progress: -€18,895
- Deferred charges and accrued income +€5,107
up €5,107 (+1,683%), from €304 to €5,411
- Cash -€4,790
no longer reported in 2025 (was €4,790)
mainly Investment in fixed assets (net) (-€68,077) and Receivables within one year (-€58,248)
- Debts after one year +€45,199
up €45,199 (+127%), from €35,458 to €80,657
- Short-term financial debts +€14,483
new in 2025: €14,483
- Reserves +€7,844
up €7,844 (+22.5%), from €34,815 to €42,659
of which Distributable reserves: +€7,937
- Profit (loss) carried forward +€7,548
no longer reported in 2025 (was -€7,548)
- Tax, wage and social debts +€6,662
new in 2025: €6,662
of which Taxes: +€4,232
- Gross operating margin +€61,003
up €61,003 (+318%), from €19,203 to €80,205
- Staff costs +€29,928
up €29,928 (+10,912%), from €274 to €30,202
- Taxes +€5,201
up €5,201 (+979%), from €531 to €5,732
- Depreciation +€2,979
up €2,979 (+14.1%), from €21,145 to €24,124
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 | €112,114 | €196,585 | +€84,472 | +75.3% |
| Fixed assets | 21/28 | €64,328 | €108,280 | +€43,953 | +68.3% |
| Tangible fixed assets | 22/27 | €59,828 | €103,780 | +€43,953 | +73.5% |
| Plant, machinery and equipment | 23 | €7,546 | €6,077 | -€1,469 | -19.5% |
| Furniture and vehicles | 24 | €6,600 | €97,703 | +€91,103 | +1,380% |
| Leasing and similar rights | 25 | €44,841 | - | -€44,841 | |
| Other tangible fixed assets | 26 | €841 | - | -€841 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €47,786 | €88,305 | +€40,519 | +84.8% |
| Stocks and contracts in progress | 3 | €36,254 | €18,208 | -€18,046 | -49.8% |
| Stocks | 30/36 | €17,359 | €18,208 | +€849 | +4.9% |
| Contracts in progress | 37 | €18,895 | - | -€18,895 | |
| Amounts receivable within one year | 40/41 | €6,438 | €64,686 | +€58,248 | +905% |
| Trade receivables | 40 | €5,729 | €62,128 | +€56,399 | +985% |
| Other amounts receivable | 41 | €709 | €2,558 | +€1,849 | +261% |
| Cash at bank and in hand | 54/58 | €4,790 | - | -€4,790 | |
| Deferred charges and accrued income | 490/1 | €304 | €5,411 | +€5,107 | +1,683% |
| Total equity and liabilities | 10/49 | €112,114 | €196,585 | +€84,472 | +75.3% |
| Equity | 10/15 | €37,268 | €52,659 | +€15,392 | +41.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,815 | €42,659 | +€7,844 | +22.5% |
| Tax-exempt reserves | 132 | €93 | - | -€93 | |
| Distributable reserves | 133 | €34,722 | €42,659 | +€7,937 | +22.9% |
| Profit (loss) carried forward | 14 | -€7,548 | - | +€7,548 | |
| Amounts payable | 17/49 | €74,846 | €143,926 | +€69,080 | +92.3% |
| Amounts payable after more than one year | 17 | €35,458 | €80,657 | +€45,199 | +127% |
| Financial debts | 170/4 | €35,458 | €80,657 | +€45,199 | +127% |
| Amounts payable within one year | 42/48 | €39,388 | €63,269 | +€23,881 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €14,154 | €16,840 | +€2,687 | +19.0% |
| Financial debts | 43 | - | €14,483 | +€14,483 | |
| Credit institutions | 430/8 | - | €14,483 | +€14,483 | |
| Trade debts | 44 | €10,840 | €11,034 | +€194 | +1.8% |
| Suppliers | 440/4 | €10,840 | €11,034 | +€194 | +1.8% |
| Advances received on contracts in progress | 46 | €931 | - | -€931 | |
| Taxes, remuneration and social security | 45 | - | €6,662 | +€6,662 | |
| Taxes | 450/3 | - | €4,232 | +€4,232 | |
| Remuneration and social security | 454/9 | - | €2,430 | +€2,430 | |
| Other amounts payable | 47/48 | €13,463 | €14,249 | +€785 | +5.8% |
| Non-recurring operating income | 76A | - | €11,421 | +€11,421 | |
| Remuneration, social security and pensions | 62 | €274 | €30,202 | +€29,928 | +10,912% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,145 | €24,124 | +€2,979 | +14.1% |
| Other operating charges | 640/8 | €1,757 | €1,136 | -€621 | -35.4% |
| Gross operating margin | 9900 | €19,203 | €80,205 | +€61,003 | +318% |
| Operating profit (loss) | 9901 | -€3,974 | €24,744 | +€28,718 | |
| Financial income | 75/76B | €1 | €31 | +€30 | +4,805% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +4,805% |
| Financial charges | 65/66B | €3,457 | €3,651 | +€194 | +5.6% |
| Recurring financial charges | 65 | €3,457 | €3,651 | +€194 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,431 | €21,124 | +€28,554 | |
| Income taxes | 67/77 | €531 | €5,732 | +€5,201 | +979% |
| Profit (loss) for the period | 9904 | -€7,962 | €15,392 | +€23,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,962 | €15,392 | +€23,354 |
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 1 November 2026 via checked.be.