J.E.D. CONSTRUCTION: 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.
J.E.D. CONSTRUCTION
Largest movements
- Receivables within one year +€153,462
up €153,462 (+33.2%), from €462,298 to €615,761
of which Trade receivables: +€159,741
- Stocks and contracts -€56,880
down €56,880 (-19.1%), from €297,327 to €240,447
- Cash -€41,168
down €41,168 (-20.7%), from €198,751 to €157,582
mainly Receivables within one year (-€153,462) and Debts after one year (-€46,532)
- Tangible fixed assets -€37,865
down €37,865 (-15.0%), from €252,202 to €214,336
of which Leasing and similar rights: -€40,191
- Debts after one year -€46,532
down €46,532 (-24.1%), from €193,307 to €146,775
- Reserves +€45,988
up €45,988 (+19.6%), from €234,391 to €280,379
- Gross operating margin +€53,140
up €53,140 (+9.1%), from €581,907 to €635,047
- Taxes +€10,907
up €10,907 (+531.5%), from €2,052 to €12,959
- Staff costs +€8,989
up €8,989 (+1.8%), from €497,733 to €506,722
- Other operating charges -€8,591
down €8,591 (-52.8%), from €16,268 to €7,677
- Financial income -€6,930
down €6,930 (-91.5%), from €7,574 to €644
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 | €1,211,123 | €1,228,527 | +€17,404 | +1.4% |
| Fixed assets | 21/28 | €252,602 | €214,736 | -€37,865 | -15.0% |
| Tangible fixed assets | 22/27 | €252,202 | €214,336 | -€37,865 | -15.0% |
| Land and buildings | 22 | €100,210 | €96,153 | -€4,057 | -4.0% |
| Plant, machinery and equipment | 23 | €2,448 | €544 | -€1,904 | -77.8% |
| Furniture and vehicles | 24 | €6,174 | €14,461 | +€8,287 | +134.2% |
| Leasing and similar rights | 25 | €143,370 | €103,178 | -€40,191 | -28.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €958,521 | €1,013,790 | +€55,269 | +5.8% |
| Stocks and contracts in progress | 3 | €297,327 | €240,447 | -€56,880 | -19.1% |
| Contracts in progress | 37 | €297,327 | €240,447 | -€56,880 | -19.1% |
| Amounts receivable within one year | 40/41 | €462,298 | €615,761 | +€153,462 | +33.2% |
| Trade receivables | 40 | €450,018 | €609,759 | +€159,741 | +35.5% |
| Other amounts receivable | 41 | €12,281 | €6,002 | -€6,279 | -51.1% |
| Cash at bank and in hand | 54/58 | €198,751 | €157,582 | -€41,168 | -20.7% |
| Deferred charges and accrued income | 490/1 | €145 | - | -€145 | |
| Total equity and liabilities | 10/49 | €1,211,123 | €1,228,527 | +€17,404 | +1.4% |
| Equity | 10/15 | €240,591 | €286,579 | +€45,988 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €234,391 | €280,379 | +€45,988 | +19.6% |
| Distributable reserves | 133 | €234,391 | €280,379 | +€45,988 | +19.6% |
| Amounts payable | 17/49 | €970,532 | €941,947 | -€28,584 | -2.9% |
| Amounts payable after more than one year | 17 | €193,307 | €146,775 | -€46,532 | -24.1% |
| Financial debts | 170/4 | €193,307 | €146,775 | -€46,532 | -24.1% |
| Amounts payable within one year | 42/48 | €777,225 | €795,172 | +€17,948 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €145,508 | €146,532 | +€1,024 | +0.7% |
| Trade debts | 44 | €536,073 | €542,106 | +€6,032 | +1.1% |
| Suppliers | 440/4 | €536,073 | €542,106 | +€6,032 | +1.1% |
| Taxes, remuneration and social security | 45 | €67,383 | €77,913 | +€10,530 | +15.6% |
| Taxes | 450/3 | €21,242 | €26,614 | +€5,373 | +25.3% |
| Remuneration and social security | 454/9 | €46,142 | €51,299 | +€5,157 | +11.2% |
| Other amounts payable | 47/48 | €28,260 | €28,622 | +€362 | +1.3% |
| Non-recurring operating income | 76A | €616 | - | -€616 | |
| Remuneration, social security and pensions | 62 | €497,733 | €506,722 | +€8,989 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,862 | €49,503 | +€2,641 | +5.6% |
| Other operating charges | 640/8 | €16,268 | €7,677 | -€8,591 | -52.8% |
| Non-recurring operating charges | 66A | - | €996 | +€996 | |
| Gross operating margin | 9900 | €581,907 | €635,047 | +€53,140 | +9.1% |
| Operating profit (loss) | 9901 | €21,043 | €70,149 | +€49,106 | +233.4% |
| Financial income | 75/76B | €7,574 | €644 | -€6,930 | -91.5% |
| Recurring financial income | 75 | €7,574 | €644 | -€6,930 | -91.5% |
| Financial charges | 65/66B | €14,028 | €11,846 | -€2,182 | -15.6% |
| Recurring financial charges | 65 | €14,028 | €11,846 | -€2,182 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €14,590 | €58,948 | +€44,358 | +304.0% |
| Income taxes | 67/77 | €2,052 | €12,959 | +€10,907 | +531.5% |
| Profit (loss) for the period | 9904 | €12,537 | €45,988 | +€33,451 | +266.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,537 | €45,988 | +€33,451 | +266.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.