JBK PROJECTBOUW: what changed
Two financial 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.
JBK PROJECTBOUW
Largest movements
- Stocks and contracts +€975,241
up €975,241 (+105.1%), from €928,307 to €1.9m
of which Stocks: +€975,241
- Receivables within one year -€480,941
down €480,941 (-81.5%), from €590,178 to €109,238
of which Trade receivables: -€483,994
- Cash +€315,666
up €315,666 (+12124.1%), from €2,604 to €318,269
mainly Receivables within one year (+€480,941) and Advances received (+€315,935)
- Advances received +€315,935
up €315,935 (+151.5%), from €208,590 to €524,525
- Trade debts +€267,331
up €267,331 (+194.2%), from €137,623 to €404,954
- Debts after one year +€243,538
up €243,538 (+21.5%), from €1.1m to €1.4m
- Gross operating margin +€50,204
up €50,204 (+26.9%), from €186,698 to €236,902
- Financial charges +€49,265
up €49,265 (+68.8%), from €71,650 to €120,914
- Other operating charges +€3,087
up €3,087 (+53.8%), from €5,742 to €8,829
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 | €3,260,633 | €4,046,828 | +€786,195 | +24.1% |
| Fixed assets | 21/28 | €1,732,123 | €1,710,940 | -€21,184 | -1.2% |
| Intangible fixed assets | 21 | €5,114 | €3,965 | -€1,149 | -22.5% |
| Tangible fixed assets | 22/27 | €126,840 | €106,805 | -€20,035 | -15.8% |
| Land and buildings | 22 | €80,740 | €71,821 | -€8,918 | -11.0% |
| Plant, machinery and equipment | 23 | - | €2,976 | +€2,976 | |
| Furniture and vehicles | 24 | €38,207 | €29,822 | -€8,385 | -21.9% |
| Leasing and similar rights | 25 | €6,353 | €1,323 | -€5,030 | -79.2% |
| Other tangible fixed assets | 26 | €1,540 | €862 | -€678 | -44.0% |
| Financial fixed assets | 28 | €1,600,170 | €1,600,170 | = | 0.0% |
| Current assets | 29/58 | €1,528,510 | €2,335,889 | +€807,379 | +52.8% |
| Stocks and contracts in progress | 3 | €928,307 | €1,903,548 | +€975,241 | +105.1% |
| Stocks | 30/36 | €928,307 | €1,903,548 | +€975,241 | +105.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €590,178 | €109,238 | -€480,941 | -81.5% |
| Trade receivables | 40 | €540,865 | €56,872 | -€483,994 | -89.5% |
| Other amounts receivable | 41 | €49,313 | €52,366 | +€3,053 | +6.2% |
| Cash at bank and in hand | 54/58 | €2,604 | €318,269 | +€315,666 | +12124.1% |
| Deferred charges and accrued income | 490/1 | €7,421 | €4,834 | -€2,587 | -34.9% |
| Total equity and liabilities | 10/49 | €3,260,633 | €4,046,828 | +€786,195 | +24.1% |
| Equity | 10/15 | €1,716,687 | €1,719,482 | +€2,795 | +0.2% |
| Contributions | 10/11 | €393,100 | €393,100 | = | 0.0% |
| Reserves | 13 | €1,323,587 | €1,326,382 | +€2,795 | +0.2% |
| Distributable reserves | 133 | €1,323,587 | €1,326,382 | +€2,795 | +0.2% |
| Amounts payable | 17/49 | €1,543,946 | €2,327,347 | +€783,400 | +50.7% |
| Amounts payable after more than one year | 17 | €1,132,325 | €1,375,862 | +€243,538 | +21.5% |
| Financial debts | 170/4 | €1,132,325 | €1,375,862 | +€243,538 | +21.5% |
| Amounts payable within one year | 42/48 | €411,243 | €951,484 | +€540,242 | +131.4% |
| Current portion of amounts payable after more than one year | 42 | €15,201 | €12,220 | -€2,982 | -19.6% |
| Trade debts | 44 | €137,623 | €404,954 | +€267,331 | +194.2% |
| Suppliers | 440/4 | €137,623 | €404,954 | +€267,331 | +194.2% |
| Advances received on contracts in progress | 46 | €208,590 | €524,525 | +€315,935 | +151.5% |
| Taxes, remuneration and social security | 45 | €49,828 | €9,785 | -€40,043 | -80.4% |
| Taxes | 450/3 | €44,889 | €7,155 | -€37,734 | -84.1% |
| Remuneration and social security | 454/9 | €4,939 | €2,630 | -€2,309 | -46.7% |
| Accrued charges and deferred income | 492/3 | €379 | €0 | -€379 | -100.0% |
| Remuneration, social security and pensions | 62 | €61,691 | €62,765 | +€1,073 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,770 | €33,684 | -€2,086 | -5.8% |
| Other operating charges | 640/8 | €5,742 | €8,829 | +€3,087 | +53.8% |
| Gross operating margin | 9900 | €186,698 | €236,902 | +€50,204 | +26.9% |
| Operating profit (loss) | 9901 | €83,495 | €131,624 | +€48,130 | +57.6% |
| Financial income | 75/76B | €635 | €507 | -€128 | -20.1% |
| Recurring financial income | 75 | €635 | €507 | -€128 | -20.1% |
| Financial charges | 65/66B | €71,650 | €120,914 | +€49,265 | +68.8% |
| Recurring financial charges | 65 | €71,650 | €120,914 | +€49,265 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €12,480 | €11,217 | -€1,262 | -10.1% |
| Income taxes | 67/77 | €9,212 | €8,423 | -€789 | -8.6% |
| Profit (loss) for the period | 9904 | €3,268 | €2,795 | -€473 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,268 | €2,795 | -€473 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.