JdH 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.
JdH CONSTRUCT
Largest movements
- Receivables within one year -€21,629
down €21,629 (-52.9%), from €40,905 to €19,276
of which Trade receivables: -€22,770
- Cash -€8,798
down €8,798 (-49.7%), from €17,693 to €8,895
mainly Net result for the year (-€70,054) and Other debts (-€17,421)
- Tangible fixed assets -€7,634
down €7,634 (-33.0%), from €23,128 to €15,494
of which Furniture and vehicles: -€7,491
- Profit (loss) carried forward -€70,054
down €70,054 (-47.3%), from €148,207 to €78,153
- Short-term financial debts +€59,682
up €59,682 (+29.3%), from €203,805 to €263,487
- Other debts -€17,421
no longer reported in 2025 (was €17,421)
- Trade debts -€10,744
no longer reported in 2025 (was €10,744)
- Gross operating margin -€85,829
down €85,829, from €37,649 to -€48,180
- Financial charges +€9,217
up €9,217 (+290.3%), from €3,175 to €12,391
- Other operating charges -€3,562
down €3,562 (-89.9%), from €3,962 to €400
- Financial income +€805
up €805 (+1035.4%), from €78 to €883
- Taxes +€669
up €669 (+201.1%), from €333 to €1,002
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 | €401,480 | €363,434 | -€38,045 | -9.5% |
| Fixed assets | 21/28 | €23,378 | €15,744 | -€7,634 | -32.7% |
| Tangible fixed assets | 22/27 | €23,128 | €15,494 | -€7,634 | -33.0% |
| Plant, machinery and equipment | 23 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €22,985 | €15,494 | -€7,491 | -32.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €378,102 | €347,690 | -€30,411 | -8.0% |
| Stocks and contracts in progress | 3 | €319,200 | €319,200 | = | 0.0% |
| Stocks | 30/36 | €319,200 | €319,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,905 | €19,276 | -€21,629 | -52.9% |
| Trade receivables | 40 | €30,193 | €7,423 | -€22,770 | -75.4% |
| Other amounts receivable | 41 | €10,712 | €11,853 | +€1,141 | +10.7% |
| Cash at bank and in hand | 54/58 | €17,693 | €8,895 | -€8,798 | -49.7% |
| Deferred charges and accrued income | 490/1 | €304 | €319 | +€16 | +5.2% |
| Total equity and liabilities | 10/49 | €401,480 | €363,434 | -€38,045 | -9.5% |
| Equity | 10/15 | €168,667 | €98,613 | -€70,054 | -41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,207 | €78,153 | -€70,054 | -47.3% |
| Amounts payable | 17/49 | €232,813 | €264,821 | +€32,008 | +13.7% |
| Amounts payable within one year | 42/48 | €232,813 | €264,821 | +€32,008 | +13.7% |
| Financial debts | 43 | €203,805 | €263,487 | +€59,682 | +29.3% |
| Credit institutions | 430/8 | €203,805 | €263,487 | +€59,682 | +29.3% |
| Trade debts | 44 | €10,744 | - | -€10,744 | |
| Suppliers | 440/4 | €10,744 | - | -€10,744 | |
| Taxes, remuneration and social security | 45 | €843 | €1,335 | +€492 | +58.3% |
| Taxes | 450/3 | €843 | €1,335 | +€492 | +58.3% |
| Other amounts payable | 47/48 | €17,421 | - | -€17,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €8,679 | -€470 | -5.1% |
| Other operating charges | 640/8 | €3,962 | €400 | -€3,562 | -89.9% |
| Non-recurring operating charges | 66A | - | €284 | +€284 | |
| Gross operating margin | 9900 | €37,649 | -€48,180 | -€85,829 | |
| Operating profit (loss) | 9901 | €24,538 | -€57,543 | -€82,081 | |
| Financial income | 75/76B | €78 | €883 | +€805 | +1035.4% |
| Recurring financial income | 75 | €78 | €883 | +€805 | +1035.4% |
| Financial charges | 65/66B | €3,175 | €12,391 | +€9,217 | +290.3% |
| Recurring financial charges | 65 | €3,175 | €12,391 | +€9,217 | +290.3% |
| Profit (loss) for the period before taxes | 9903 | €21,441 | -€69,052 | -€90,493 | |
| Income taxes | 67/77 | €333 | €1,002 | +€669 | +201.1% |
| Profit (loss) for the period | 9904 | €21,109 | -€70,054 | -€91,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,109 | -€70,054 | -€91,162 |
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.