J&E Projects: 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&E Projects
Largest movements
- Stocks and contracts +€424,624
up €424,624 (+48.5%), from €875,807 to €1.3m
- Cash -€71,756
down €71,756 (-69.7%), from €102,903 to €31,148
mainly Stocks and contracts (-€424,624) and Trade debts (-€49,062)
- Short-term financial debts +€398,393
up €398,393 (+56.8%), from €701,607 to €1.1m
- Trade debts -€49,062
down €49,062 (-50.6%), from €96,977 to €47,915
- Financial income -€873
down €873 (-100%), from €873 to €0
- Gross operating margin +€236
up €236 (+6.5%), from -€3,636 to -€3,400
- Financial charges +€81
up €81 (+18.8%), from €430 to €511
- Other operating charges -€44
down €44 (-3.5%), from €1,255 to €1,211
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 | €986,215 | €1,335,193 | +€348,978 | +35.4% |
| Fixed assets | 21/28 | €305 | €305 | = | 0.0% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €985,910 | €1,334,888 | +€348,978 | +35.4% |
| Stocks and contracts in progress | 3 | €875,807 | €1,300,432 | +€424,624 | +48.5% |
| Stocks | 30/36 | €875,807 | €1,300,432 | +€424,624 | +48.5% |
| Amounts receivable within one year | 40/41 | €7,199 | €3,309 | -€3,890 | -54.0% |
| Trade receivables | 40 | €344 | €0 | -€344 | -100% |
| Other amounts receivable | 41 | €6,855 | €3,309 | -€3,546 | -51.7% |
| Cash at bank and in hand | 54/58 | €102,903 | €31,148 | -€71,756 | -69.7% |
| Total equity and liabilities | 10/49 | €986,215 | €1,335,193 | +€348,978 | +35.4% |
| Equity | 10/15 | €67,660 | €62,539 | -€5,122 | -7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,108 | €67,108 | = | 0.0% |
| Distributable reserves | 133 | €67,108 | €67,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,448 | -€9,569 | -€5,122 | -115% |
| Amounts payable | 17/49 | €918,555 | €1,272,654 | +€354,100 | +38.5% |
| Amounts payable within one year | 42/48 | €917,391 | €1,266,722 | +€349,331 | +38.1% |
| Financial debts | 43 | €701,607 | €1,100,000 | +€398,393 | +56.8% |
| Credit institutions | 430/8 | €701,607 | €1,100,000 | +€398,393 | +56.8% |
| Trade debts | 44 | €96,977 | €47,915 | -€49,062 | -50.6% |
| Suppliers | 440/4 | €96,977 | €47,915 | -€49,062 | -50.6% |
| Other amounts payable | 47/48 | €118,807 | €118,807 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,163 | €5,932 | +€4,769 | +410% |
| Other operating charges | 640/8 | €1,255 | €1,211 | -€44 | -3.5% |
| Gross operating margin | 9900 | -€3,636 | -€3,400 | +€236 | +6.5% |
| Operating profit (loss) | 9901 | -€4,890 | -€4,611 | +€279 | +5.7% |
| Financial income | 75/76B | €873 | €0 | -€873 | -100% |
| Recurring financial income | 75 | €873 | €0 | -€873 | -100% |
| Financial charges | 65/66B | €430 | €511 | +€81 | +18.8% |
| Recurring financial charges | 65 | €430 | €511 | +€81 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,448 | -€5,122 | -€674 | -15.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,448 | -€5,122 | -€674 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,448 | -€5,122 | -€674 | -15.2% |
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 25 October 2026 via checked.be.