JAY 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.
What changed
JAY CONSTRUCT
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,655
2024 · -€57,837+€54,182
Equity
€86,201
2024 · €89,856-€3,655
Cash
€82,400
2024 · €79,411+€2,989
Balance sheet total
€930,888
2024 · €981,148-€50,260
Largest movements
Assets
- Stocks and contracts -€22,734
down €22,734 (-2.9%), from €783,683 to €760,949
- Tangible fixed assets -€13,029
down €13,029 (-18.3%), from €71,025 to €57,996
- Receivables within one year -€11,525
down €11,525 (-39.2%), from €29,365 to €17,840
of which Trade receivables: -€11,521
Equity and liabilities
- Debts after one year -€24,000
down €24,000 (-8.7%), from €275,000 to €251,000
- Other debts -€23,781
down €23,781 (-13.5%), from €175,517 to €151,736
Income statement
- Gross operating margin +€77,489
up €77,489 (+25.2%), from €307,466 to €384,955
- Staff costs +€20,675
up €20,675 (+6.5%), from €317,280 to €337,954
- Other operating charges +€5,759
up €5,759 (+219.3%), from €2,626 to €8,385
- Financial charges -€5,066
down €5,066 (-19.2%), from €26,416 to €21,350
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.
Result 2024
-€57,837
Gross operating margin
+€77,489
Staff costs
-€20,675
Depreciation
-€2,533
Other operating charges
-€5,759
Financial income
+€596
Financial charges
+€5,066
Taxes
-€2
Result 2025
-€3,655
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.
From operations
+€40,593
Investment
-€7,723
Financing
-€29,880
Cash 2024
€79,411
From operations (derived)
+€40,593
Net result for the year
-€3,655
Depreciation
+€22,044
Stocks and contracts
+€22,734
Receivables within one year
+€11,525
Deferred charges and accrued income
+€4,670
Trade debts
+€9,479
Tax, wage and social debts
+€2,804
Advances received
-€3,018
Other debts
-€23,781
Accrued charges and deferred income
-€2,207
Investment (derived)
-€7,723
Investment in fixed assets (net)
-€7,723
Financing
-€29,880
Debts after one year
-€24,000
Current portion of long-term debt
-€5,880
Cash 2025
€82,400
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €981,148 | €930,888 | -€50,260 | -5.1% |
| Fixed assets | 21/28 | €77,528 | €63,208 | -€14,320 | -18.5% |
| Intangible fixed assets | 21 | €6,343 | €5,052 | -€1,291 | -20.4% |
| Tangible fixed assets | 22/27 | €71,025 | €57,996 | -€13,029 | -18.3% |
| Plant, machinery and equipment | 23 | €6,269 | €3,968 | -€2,301 | -36.7% |
| Furniture and vehicles | 24 | €23,397 | €17,345 | -€6,052 | -25.9% |
| Other tangible fixed assets | 26 | €41,359 | €36,683 | -€4,676 | -11.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €903,619 | €867,680 | -€35,939 | -4.0% |
| Stocks and contracts in progress | 3 | €783,683 | €760,949 | -€22,734 | -2.9% |
| Stocks | 30/36 | €783,683 | €760,949 | -€22,734 | -2.9% |
| Amounts receivable within one year | 40/41 | €29,365 | €17,840 | -€11,525 | -39.2% |
| Trade receivables | 40 | €29,361 | €17,840 | -€11,521 | -39.2% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €79,411 | €82,400 | +€2,989 | +3.8% |
| Deferred charges and accrued income | 490/1 | €11,160 | €6,491 | -€4,670 | -41.8% |
| Total equity and liabilities | 10/49 | €981,148 | €930,888 | -€50,260 | -5.1% |
| Equity | 10/15 | €89,856 | €86,201 | -€3,655 | -4.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,856 | €31,201 | -€3,655 | -10.5% |
| Amounts payable | 17/49 | €891,291 | €844,687 | -€46,604 | -5.2% |
| Amounts payable after more than one year | 17 | €275,000 | €251,000 | -€24,000 | -8.7% |
| Financial debts | 170/4 | €275,000 | €251,000 | -€24,000 | -8.7% |
| Amounts payable within one year | 42/48 | €604,032 | €583,635 | -€20,397 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €5,880 | €0 | -€5,880 | -100.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €215,374 | €224,852 | +€9,479 | +4.4% |
| Suppliers | 440/4 | €215,374 | €224,852 | +€9,479 | +4.4% |
| Advances received on contracts in progress | 46 | €24,967 | €21,948 | -€3,018 | -12.1% |
| Taxes, remuneration and social security | 45 | €57,294 | €60,098 | +€2,804 | +4.9% |
| Taxes | 450/3 | €6,525 | €12,249 | +€5,724 | +87.7% |
| Remuneration and social security | 454/9 | €50,769 | €47,849 | -€2,920 | -5.8% |
| Other amounts payable | 47/48 | €175,517 | €151,736 | -€23,781 | -13.5% |
| Accrued charges and deferred income | 492/3 | €12,259 | €10,052 | -€2,207 | -18.0% |
| Remuneration, social security and pensions | 62 | €317,280 | €337,954 | +€20,675 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,511 | €22,044 | +€2,533 | +13.0% |
| Other operating charges | 640/8 | €2,626 | €8,385 | +€5,759 | +219.3% |
| Gross operating margin | 9900 | €307,466 | €384,955 | +€77,489 | +25.2% |
| Operating profit (loss) | 9901 | -€31,951 | €16,571 | +€48,522 | |
| Financial income | 75/76B | €704 | €1,300 | +€596 | +84.6% |
| Recurring financial income | 75 | €704 | €1,300 | +€596 | +84.6% |
| Financial charges | 65/66B | €26,416 | €21,350 | -€5,066 | -19.2% |
| Recurring financial charges | 65 | €26,416 | €21,350 | -€5,066 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€57,663 | -€3,479 | +€54,183 | +94.0% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.1% |
| Profit (loss) for the period | 9904 | -€57,837 | -€3,655 | +€54,182 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,837 | -€3,655 | +€54,182 | +93.7% |
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 6 October 2026 via checked.be.