J.P.W. 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.P.W. CONSTRUCT
Largest movements
- Receivables within one year -€10,462
down €10,462 (-35.5%), from €29,458 to €18,996
of which Trade receivables: -€16,862
- Tangible fixed assets -€9,635
down €9,635 (-50.4%), from €19,101 to €9,466
of which Leasing and similar rights: -€9,063
- Cash +€5,066
up €5,066 (+93.5%), from €5,419 to €10,485
mainly Receivables within one year (+€10,462) and Depreciation (+€9,635)
- Deferred charges and accrued income -€2,053
no longer reported in 2025 (was €2,053)
- Profit (loss) carried forward -€8,383
down €8,383 (-20.5%), from €40,806 to €32,423
- Trade debts -€5,403
down €5,403 (-33.6%), from €16,073 to €10,669
- Debts after one year -€4,801
down €4,801 (-35.1%), from €13,681 to €8,880
- Tax, wage and social debts +€1,074
up €1,074 (+9.6%), from €11,182 to €12,256
of which Remuneration and social security: +€2,000
- Turnover -€42,679
down €42,679 (-25.4%), from €168,140 to €125,461
- Purchases and services -€26,491
down €26,491 (-18.1%), from €146,331 to €119,840
- Gross operating margin -€15,905
down €15,905 (-70.3%), from €22,635 to €6,729
- Other operating charges +€2,356
up €2,356 (+159.2%), from €1,480 to €3,837
- Taxes -€2,144
no longer reported in 2025 (was €2,144)
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 | €89,654 | €72,569 | -€17,084 | -19.1% |
| Fixed assets | 21/28 | €19,198 | €9,563 | -€9,635 | -50.2% |
| Tangible fixed assets | 22/27 | €19,101 | €9,466 | -€9,635 | -50.4% |
| Furniture and vehicles | 24 | €998 | €425 | -€572 | -57.4% |
| Leasing and similar rights | 25 | €18,103 | €9,041 | -€9,063 | -50.1% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €70,456 | €63,006 | -€7,449 | -10.6% |
| Amounts receivable after more than one year | 29 | €33,525 | €33,525 | = | 0.0% |
| Trade receivables | 290 | €33,525 | €33,525 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,458 | €18,996 | -€10,462 | -35.5% |
| Trade receivables | 40 | €22,701 | €5,839 | -€16,862 | -74.3% |
| Other amounts receivable | 41 | €6,757 | €13,157 | +€6,400 | +94.7% |
| Cash at bank and in hand | 54/58 | €5,419 | €10,485 | +€5,066 | +93.5% |
| Deferred charges and accrued income | 490/1 | €2,053 | - | -€2,053 | |
| Total equity and liabilities | 10/49 | €89,654 | €72,569 | -€17,084 | -19.1% |
| Equity | 10/15 | €44,346 | €35,963 | -€8,383 | -18.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,540 | €1,540 | = | 0.0% |
| Distributable reserves | 133 | €1,540 | €1,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,806 | €32,423 | -€8,383 | -20.5% |
| Amounts payable | 17/49 | €45,308 | €36,606 | -€8,701 | -19.2% |
| Amounts payable after more than one year | 17 | €13,681 | €8,880 | -€4,801 | -35.1% |
| Financial debts | 170/4 | €13,681 | €8,880 | -€4,801 | -35.1% |
| Amounts payable within one year | 42/48 | €31,626 | €27,726 | -€3,900 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €4,372 | €4,801 | +€429 | +9.8% |
| Trade debts | 44 | €16,073 | €10,669 | -€5,403 | -33.6% |
| Suppliers | 440/4 | €16,073 | €10,669 | -€5,403 | -33.6% |
| Taxes, remuneration and social security | 45 | €11,182 | €12,256 | +€1,074 | +9.6% |
| Taxes | 450/3 | €11,182 | €10,256 | -€926 | -8.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Turnover | 70 | €168,140 | €125,461 | -€42,679 | -25.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €146,331 | €119,840 | -€26,491 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,844 | €9,635 | -€209 | -2.1% |
| Other operating charges | 640/8 | €1,480 | €3,837 | +€2,356 | +159.2% |
| Gross operating margin | 9900 | €22,635 | €6,729 | -€15,905 | -70.3% |
| Operating profit (loss) | 9901 | €11,310 | -€6,742 | -€18,052 | |
| Financial income | 75/76B | €3 | €153 | +€150 | +4849.2% |
| Recurring financial income | 75 | €3 | €153 | +€150 | +4849.2% |
| Financial charges | 65/66B | €2,462 | €1,794 | -€668 | -27.1% |
| Recurring financial charges | 65 | €2,462 | €1,794 | -€668 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €8,852 | -€8,383 | -€17,235 | |
| Income taxes | 67/77 | €2,144 | - | -€2,144 | |
| Profit (loss) for the period | 9904 | €6,708 | -€8,383 | -€15,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,708 | -€8,383 | -€15,091 |
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 5 October 2026 via checked.be.