JD 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.
JD CONSTRUCT
Largest movements
- Tangible fixed assets -€24,262
down €24,262 (-3.2%), from €759,782 to €735,520
of which Land and buildings: -€20,432
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Current portion of long-term debt +€42,209
up €42,209 (+90.8%), from €46,506 to €88,715
- Debts after one year -€42,208
down €42,208 (-9.0%), from €470,090 to €427,882
- Tax, wage and social debts +€22,518
up €22,518 (+47.0%), from €47,861 to €70,380
of which Taxes: +€24,386
- Other debts +€16,192
up €16,192 (+220.7%), from €7,337 to €23,529
- Gross operating margin -€45,065
down €45,065 (-23.8%), from €189,520 to €144,455
- Staff costs -€38,618
down €38,618 (-74.3%), from €51,961 to €13,343
- Depreciation +€7,200
up €7,200 (+16.3%), from €44,236 to €51,436
- Financial charges +€2,774
up €2,774 (+23.4%), from €11,857 to €14,631
- Financial income +€2,187
up €2,187 (+127.1%), from €1,721 to €3,908
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 | €824,752 | €812,966 | -€11,786 | -1.4% |
| Fixed assets | 21/28 | €759,987 | €735,725 | -€24,262 | -3.2% |
| Tangible fixed assets | 22/27 | €759,782 | €735,520 | -€24,262 | -3.2% |
| Land and buildings | 22 | €746,871 | €726,440 | -€20,432 | -2.7% |
| Plant, machinery and equipment | 23 | €1,054 | €2,402 | +€1,348 | +127.9% |
| Furniture and vehicles | 24 | €11,857 | €6,679 | -€5,178 | -43.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €64,765 | €77,241 | +€12,475 | +19.3% |
| Stocks and contracts in progress | 3 | €12,966 | €10,423 | -€2,544 | -19.6% |
| Stocks | 30/36 | €12,966 | €10,423 | -€2,544 | -19.6% |
| Amounts receivable within one year | 40/41 | €949 | €4,783 | +€3,834 | +404.0% |
| Trade receivables | 40 | €949 | €2,499 | +€1,550 | +163.3% |
| Other amounts receivable | 41 | - | €2,284 | +€2,284 | |
| Cash at bank and in hand | 54/58 | €50,850 | €58,448 | +€7,598 | +14.9% |
| Deferred charges and accrued income | 490/1 | - | €3,587 | +€3,587 | |
| Total equity and liabilities | 10/49 | €824,752 | €812,966 | -€11,786 | -1.4% |
| Equity | 10/15 | €157,680 | €165,224 | +€7,545 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,500 | €145,224 | +€7,724 | +5.6% |
| Distributable reserves | 133 | €137,500 | €145,224 | +€7,724 | +5.6% |
| Profit (loss) carried forward | 14 | €180 | - | -€180 | |
| Amounts payable | 17/49 | €667,072 | €647,742 | -€19,331 | -2.9% |
| Amounts payable after more than one year | 17 | €470,090 | €427,882 | -€42,208 | -9.0% |
| Financial debts | 170/4 | €470,090 | €427,882 | -€42,208 | -9.0% |
| Amounts payable within one year | 42/48 | €186,516 | €212,028 | +€25,512 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €46,506 | €88,715 | +€42,209 | +90.8% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €34,812 | €29,368 | -€5,444 | -15.6% |
| Suppliers | 440/4 | €34,812 | €29,368 | -€5,444 | -15.6% |
| Advances received on contracts in progress | 46 | - | €36 | +€36 | |
| Taxes, remuneration and social security | 45 | €47,861 | €70,380 | +€22,518 | +47.0% |
| Taxes | 450/3 | €45,994 | €70,380 | +€24,386 | +53.0% |
| Remuneration and social security | 454/9 | €1,867 | - | -€1,867 | |
| Other amounts payable | 47/48 | €7,337 | €23,529 | +€16,192 | +220.7% |
| Accrued charges and deferred income | 492/3 | €10,466 | €7,831 | -€2,635 | -25.2% |
| Remuneration, social security and pensions | 62 | €51,961 | €13,343 | -€38,618 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,236 | €51,436 | +€7,200 | +16.3% |
| Other operating charges | 640/8 | €1,858 | €694 | -€1,164 | -62.7% |
| Gross operating margin | 9900 | €189,520 | €144,455 | -€45,065 | -23.8% |
| Operating profit (loss) | 9901 | €91,465 | €78,983 | -€12,482 | -13.6% |
| Financial income | 75/76B | €1,721 | €3,908 | +€2,187 | +127.1% |
| Recurring financial income | 75 | €1,721 | €3,908 | +€2,187 | +127.1% |
| Financial charges | 65/66B | €11,857 | €14,631 | +€2,774 | +23.4% |
| Recurring financial charges | 65 | €11,857 | €14,631 | +€2,774 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €81,329 | €68,259 | -€13,069 | -16.1% |
| Income taxes | 67/77 | €18,828 | €17,185 | -€1,642 | -8.7% |
| Profit (loss) for the period | 9904 | €62,501 | €51,074 | -€11,427 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,501 | €51,074 | -€11,427 | -18.3% |
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 3 October 2026 via checked.be.