JBconstruct: 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.
JBconstruct
Largest movements
- Cash +€174,217
up €174,217 (+211.2%), from €82,471 to €256,688
mainly Trade debts (+€116,721) and Net result for the year (+€109,426)
- Receivables within one year +€133,256
up €133,256 (+1156.5%), from €11,522 to €144,778
of which Trade receivables: +€133,256
- Tangible fixed assets +€37,278
up €37,278 (+174.3%), from €21,383 to €58,661
of which Furniture and vehicles: +€28,063
- Trade debts +€116,721
up €116,721 (+7508.7%), from €1,554 to €118,276
- Reserves +€109,426
up €109,426 (+139.3%), from €78,540 to €187,966
- Accrued charges and deferred income +€71,667
new in 2025: €71,667
- Tax, wage and social debts +€46,472
up €46,472 (+255.9%), from €18,158 to €64,630
of which Taxes: +€46,547
- Gross operating margin +€109,627
up €109,627 (+176.5%), from €62,125 to €171,751
- Taxes +€28,016
up €28,016 (+139.8%), from €20,045 to €48,061
- Depreciation +€8,736
up €8,736 (+380.9%), from €2,293 to €11,029
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 | €118,705 | €463,476 | +€344,771 | +290.4% |
| Formation expenses | 20 | €421 | €224 | -€196 | -46.7% |
| Fixed assets | 21/28 | €21,383 | €58,796 | +€37,413 | +175.0% |
| Tangible fixed assets | 22/27 | €21,383 | €58,661 | +€37,278 | +174.3% |
| Plant, machinery and equipment | 23 | €2,676 | €13,377 | +€10,701 | +399.8% |
| Furniture and vehicles | 24 | €9,492 | €37,555 | +€28,063 | +295.6% |
| Leasing and similar rights | 25 | €9,215 | €7,729 | -€1,486 | -16.1% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €96,901 | €404,455 | +€307,555 | +317.4% |
| Amounts receivable within one year | 40/41 | €11,522 | €144,778 | +€133,256 | +1156.5% |
| Trade receivables | 40 | €11,192 | €144,448 | +€133,256 | +1190.6% |
| Other amounts receivable | 41 | €330 | €330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,471 | €256,688 | +€174,217 | +211.2% |
| Deferred charges and accrued income | 490/1 | €2,908 | €2,990 | +€82 | +2.8% |
| Total equity and liabilities | 10/49 | €118,705 | €463,476 | +€344,771 | +290.4% |
| Equity | 10/15 | €83,540 | €192,966 | +€109,426 | +131.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,540 | €187,966 | +€109,426 | +139.3% |
| Distributable reserves | 133 | €78,540 | €187,966 | +€109,426 | +139.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,166 | €270,511 | +€235,345 | +669.2% |
| Amounts payable after more than one year | 17 | €8,058 | €6,703 | -€1,355 | -16.8% |
| Financial debts | 170/4 | €8,058 | €6,703 | -€1,355 | -16.8% |
| Amounts payable within one year | 42/48 | €27,108 | €192,141 | +€165,033 | +608.8% |
| Current portion of amounts payable after more than one year | 42 | €1,300 | €1,355 | +€55 | +4.2% |
| Trade debts | 44 | €1,554 | €118,276 | +€116,721 | +7508.7% |
| Suppliers | 440/4 | €1,554 | €118,276 | +€116,721 | +7508.7% |
| Taxes, remuneration and social security | 45 | €18,158 | €64,630 | +€46,472 | +255.9% |
| Taxes | 450/3 | €15,651 | €62,199 | +€46,547 | +297.4% |
| Remuneration and social security | 454/9 | €2,507 | €2,431 | -€76 | -3.0% |
| Other amounts payable | 47/48 | €6,096 | €7,881 | +€1,785 | +29.3% |
| Accrued charges and deferred income | 492/3 | - | €71,667 | +€71,667 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,293 | €11,029 | +€8,736 | +380.9% |
| Other operating charges | 640/8 | €703 | €2,154 | +€1,451 | +206.3% |
| Non-recurring operating charges | 66A | €79 | €0 | -€79 | -100.0% |
| Gross operating margin | 9900 | €62,125 | €171,751 | +€109,627 | +176.5% |
| Operating profit (loss) | 9901 | €59,049 | €158,568 | +€99,519 | +168.5% |
| Financial income | 75/76B | €203 | €581 | +€378 | +186.5% |
| Recurring financial income | 75 | €203 | €581 | +€378 | +186.5% |
| Financial charges | 65/66B | €916 | €1,661 | +€745 | +81.4% |
| Recurring financial charges | 65 | €916 | €1,661 | +€745 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €58,336 | €157,487 | +€99,152 | +170.0% |
| Income taxes | 67/77 | €20,045 | €48,061 | +€28,016 | +139.8% |
| Profit (loss) for the period | 9904 | €38,290 | €109,426 | +€71,136 | +185.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,290 | €109,426 | +€71,136 | +185.8% |
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 9 October 2026 via checked.be.