J-L D. CONSTRUCT: 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-L D. CONSTRUCT
Largest movements
- Receivables within one year -€9,124
down €9,124 (-28.0%), from €32,601 to €23,477
of which Trade receivables: -€16,775
- Tangible fixed assets -€2,554
down €2,554 (-47.2%), from €5,408 to €2,854
of which Furniture and vehicles: -€1,634
- Short-term financial debts -€15,235
no longer reported in 2025 (was €15,235)
- Trade debts -€12,156
down €12,156 (-85.7%), from €14,176 to €2,021
- Profit (loss) carried forward +€9,986
up €9,986 (+34.8%), from -€28,678 to -€18,692
- Current portion of long-term debt +€6,907
new in 2025: €6,907
- Tax, wage and social debts -€2,145
down €2,145 (-53.4%), from €4,020 to €1,875
of which Remuneration and social security: -€2,250
- Gross operating margin +€18,775
up €18,775 (+2604.3%), from €721 to €19,496
- Staff costs -€10,643
down €10,643 (-89.7%), from €11,859 to €1,216
- Financial charges -€1,322
down €1,322 (-30.1%), from €4,394 to €3,072
- Other operating charges +€212
up €212 (+94.2%), from €225 to €436
- Depreciation +€199
up €199 (+8.5%), from €2,355 to €2,554
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 | €38,084 | €26,406 | -€11,679 | -30.7% |
| Fixed assets | 21/28 | €5,483 | €2,929 | -€2,554 | -46.6% |
| Tangible fixed assets | 22/27 | €5,408 | €2,854 | -€2,554 | -47.2% |
| Plant, machinery and equipment | 23 | €2,081 | €1,162 | -€920 | -44.2% |
| Furniture and vehicles | 24 | €3,326 | €1,692 | -€1,634 | -49.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €32,601 | €23,477 | -€9,124 | -28.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €32,601 | €23,477 | -€9,124 | -28.0% |
| Trade receivables | 40 | €16,775 | - | -€16,775 | |
| Other amounts receivable | 41 | €15,827 | €23,477 | +€7,650 | +48.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €38,084 | €26,406 | -€11,679 | -30.7% |
| Equity | 10/15 | €3,481 | €13,467 | +€9,986 | +286.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,959 | €25,959 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €23,459 | €23,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,678 | -€18,692 | +€9,986 | +34.8% |
| Amounts payable | 17/49 | €34,604 | €12,939 | -€21,665 | -62.6% |
| Amounts payable within one year | 42/48 | €33,852 | €12,739 | -€21,113 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,907 | +€6,907 | |
| Financial debts | 43 | €15,235 | - | -€15,235 | |
| Credit institutions | 430/8 | €15,235 | - | -€15,235 | |
| Trade debts | 44 | €14,176 | €2,021 | -€12,156 | -85.7% |
| Suppliers | 440/4 | €14,176 | €2,021 | -€12,156 | -85.7% |
| Taxes, remuneration and social security | 45 | €4,020 | €1,875 | -€2,145 | -53.4% |
| Taxes | 450/3 | €0 | €105 | +€105 | |
| Remuneration and social security | 454/9 | €4,020 | €1,770 | -€2,250 | -56.0% |
| Other amounts payable | 47/48 | €421 | €1,936 | +€1,516 | +360.3% |
| Accrued charges and deferred income | 492/3 | €751 | €200 | -€551 | -73.4% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,859 | €1,216 | -€10,643 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €2,554 | +€199 | +8.5% |
| Other operating charges | 640/8 | €225 | €436 | +€212 | +94.2% |
| Non-recurring operating charges | 66A | - | €2,232 | +€2,232 | |
| Gross operating margin | 9900 | €721 | €19,496 | +€18,775 | +2604.3% |
| Operating profit (loss) | 9901 | -€13,718 | €13,058 | +€26,776 | |
| Financial charges | 65/66B | €4,394 | €3,072 | -€1,322 | -30.1% |
| Recurring financial charges | 65 | €4,394 | €3,072 | -€1,322 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,112 | €9,986 | +€28,097 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,112 | €9,986 | +€28,097 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,112 | €9,986 | +€28,097 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.