JAW 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.
JAW CONSTRUCT
Largest movements
- Tangible fixed assets -€5,646
down €5,646 (-30.9%), from €18,300 to €12,653
- Cash -€1,932
down €1,932 (-3.1%), from €62,441 to €60,509
mainly Other debts (-€22,846) and Trade debts (-€7,323)
- Receivables within one year -€1,035
down €1,035 (-8.1%), from €12,849 to €11,814
of which Other amounts receivable: -€1,455
- Other debts -€22,846
down €22,846 (-93.2%), from €24,500 to €1,655
- Reserves +€21,436
up €21,436 (+59.2%), from €36,200 to €57,636
- Trade debts -€7,323
down €7,323 (-80.8%), from €9,063 to €1,739
- Debts after one year -€6,350
down €6,350 (-74.4%), from €8,529 to €2,179
- Tax, wage and social debts +€6,093
up €6,093 (+187.8%), from €3,245 to €9,337
of which Taxes: +€5,868
- Gross operating margin +€22,139
up €22,139 (+139.7%), from €15,842 to €37,981
- Taxes +€6,446
up €6,446 (+258.8%), from €2,491 to €8,937
- Other operating charges -€383
down €383 (-24.9%), from €1,538 to €1,155
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 | €93,813 | €85,096 | -€8,717 | -9.3% |
| Fixed assets | 21/28 | €18,300 | €12,653 | -€5,646 | -30.9% |
| Tangible fixed assets | 22/27 | €18,300 | €12,653 | -€5,646 | -30.9% |
| Furniture and vehicles | 24 | €18,300 | €12,653 | -€5,646 | -30.9% |
| Current assets | 29/58 | €75,514 | €72,443 | -€3,071 | -4.1% |
| Amounts receivable after more than one year | 29 | €75 | €75 | = | 0.0% |
| Other amounts receivable | 291 | €75 | €75 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,849 | €11,814 | -€1,035 | -8.1% |
| Trade receivables | 40 | €10,600 | €11,020 | +€420 | +4.0% |
| Other amounts receivable | 41 | €2,249 | €794 | -€1,455 | -64.7% |
| Cash at bank and in hand | 54/58 | €62,441 | €60,509 | -€1,932 | -3.1% |
| Deferred charges and accrued income | 490/1 | €149 | €45 | -€104 | -69.5% |
| Total equity and liabilities | 10/49 | €93,813 | €85,096 | -€8,717 | -9.3% |
| Equity | 10/15 | €42,400 | €63,836 | +€21,436 | +50.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,200 | €57,636 | +€21,436 | +59.2% |
| Distributable reserves | 133 | €36,200 | €57,636 | +€21,436 | +59.2% |
| Amounts payable | 17/49 | €51,413 | €21,260 | -€30,153 | -58.6% |
| Amounts payable after more than one year | 17 | €8,529 | €2,179 | -€6,350 | -74.4% |
| Financial debts | 170/4 | €8,529 | €2,179 | -€6,350 | -74.4% |
| Amounts payable within one year | 42/48 | €42,885 | €19,081 | -€23,804 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | €6,350 | +€273 | +4.5% |
| Trade debts | 44 | €9,063 | €1,739 | -€7,323 | -80.8% |
| Suppliers | 440/4 | €9,063 | €1,739 | -€7,323 | -80.8% |
| Taxes, remuneration and social security | 45 | €3,245 | €9,337 | +€6,093 | +187.8% |
| Taxes | 450/3 | - | €5,868 | +€5,868 | |
| Remuneration and social security | 454/9 | €3,245 | €3,470 | +€225 | +6.9% |
| Other amounts payable | 47/48 | €24,500 | €1,655 | -€22,846 | -93.2% |
| Non-recurring operating income | 76A | - | €5,275 | +€5,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,646 | €5,646 | = | 0.0% |
| Other operating charges | 640/8 | €1,538 | €1,155 | -€383 | -24.9% |
| Gross operating margin | 9900 | €15,842 | €37,981 | +€22,139 | +139.7% |
| Operating profit (loss) | 9901 | €8,658 | €31,180 | +€22,522 | +260.1% |
| Financial income | 75/76B | €159 | €16 | -€143 | -90.2% |
| Recurring financial income | 75 | €159 | €16 | -€143 | -90.2% |
| Financial charges | 65/66B | €1,163 | €823 | -€340 | -29.3% |
| Recurring financial charges | 65 | €1,163 | €823 | -€340 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €7,654 | €30,373 | +€22,719 | +296.8% |
| Income taxes | 67/77 | €2,491 | €8,937 | +€6,446 | +258.8% |
| Profit (loss) for the period | 9904 | €5,163 | €21,436 | +€16,272 | +315.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,163 | €21,436 | +€16,272 | +315.2% |
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.