JE 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.
JE CONSTRUCT
Largest movements
- Receivables within one year +€47,689
up €47,689 (+160.1%), from €29,793 to €77,483
of which Trade receivables: +€47,689
- Cash -€31,404
down €31,404 (-95.0%), from €33,046 to €1,642
mainly Receivables within one year (-€47,689) and Debts after one year (-€21,091)
- Deferred charges and accrued income +€12,014
up €12,014 (+159.6%), from €7,529 to €19,543
- Current portion of long-term debt +€28,168
up €28,168 (+131.5%), from €21,418 to €49,585
- Trade debts +€23,068
up €23,068 (+130.4%), from €17,696 to €40,764
- Debts after one year -€21,091
down €21,091 (-13.5%), from €156,699 to €135,608
- Staff costs -€29,998
down €29,998 (-10.2%), from €294,410 to €264,412
- Gross operating margin -€19,722
down €19,722 (-6.2%), from €317,471 to €297,748
- Financial income +€4,081
up €4,081 (+6811.1%), from €60 to €4,141
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 | €361,569 | €387,828 | +€26,259 | +7.3% |
| Fixed assets | 21/28 | €291,200 | €289,160 | -€2,040 | -0.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €288,176 | €286,312 | -€1,864 | -0.6% |
| Land and buildings | 22 | €279,179 | €264,336 | -€14,843 | -5.3% |
| Plant, machinery and equipment | 23 | €8,129 | €4,610 | -€3,518 | -43.3% |
| Furniture and vehicles | 24 | €868 | €17,365 | +€16,497 | +1900.5% |
| Financial fixed assets | 28 | €3,024 | €2,848 | -€176 | -5.8% |
| Current assets | 29/58 | €70,369 | €98,668 | +€28,299 | +40.2% |
| Amounts receivable within one year | 40/41 | €29,793 | €77,483 | +€47,689 | +160.1% |
| Trade receivables | 40 | €22,522 | €70,211 | +€47,689 | +211.7% |
| Other amounts receivable | 41 | €7,272 | €7,272 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,046 | €1,642 | -€31,404 | -95.0% |
| Deferred charges and accrued income | 490/1 | €7,529 | €19,543 | +€12,014 | +159.6% |
| Total equity and liabilities | 10/49 | €361,569 | €387,828 | +€26,259 | +7.3% |
| Equity | 10/15 | €73,556 | €73,515 | -€41 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,327 | €118,327 | = | 0.0% |
| Distributable reserves | 133 | €118,327 | €118,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,971 | -€51,012 | -€41 | -0.1% |
| Amounts payable | 17/49 | €288,013 | €314,313 | +€26,300 | +9.1% |
| Amounts payable after more than one year | 17 | €156,699 | €135,608 | -€21,091 | -13.5% |
| Financial debts | 170/4 | €156,699 | €135,608 | -€21,091 | -13.5% |
| Amounts payable within one year | 42/48 | €128,753 | €176,181 | +€47,428 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €21,418 | €49,585 | +€28,168 | +131.5% |
| Financial debts | 43 | €10,308 | €10,308 | = | 0.0% |
| Other loans | 439 | €10,308 | €10,308 | = | 0.0% |
| Trade debts | 44 | €17,696 | €40,764 | +€23,068 | +130.4% |
| Suppliers | 440/4 | €17,696 | €40,764 | +€23,068 | +130.4% |
| Taxes, remuneration and social security | 45 | €39,820 | €38,572 | -€1,247 | -3.1% |
| Taxes | 450/3 | €13,496 | €16,852 | +€3,356 | +24.9% |
| Remuneration and social security | 454/9 | €26,324 | €21,721 | -€4,603 | -17.5% |
| Other amounts payable | 47/48 | €39,512 | €36,952 | -€2,560 | -6.5% |
| Accrued charges and deferred income | 492/3 | €2,561 | €2,524 | -€37 | -1.5% |
| Non-recurring operating income | 76A | €7,170 | €620 | -€6,550 | -91.4% |
| Remuneration, social security and pensions | 62 | €294,410 | €264,412 | -€29,998 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,608 | €22,210 | -€398 | -1.8% |
| Other operating charges | 640/8 | €4,652 | €4,392 | -€260 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €317,471 | €297,748 | -€19,722 | -6.2% |
| Operating profit (loss) | 9901 | -€4,199 | €6,735 | +€10,934 | |
| Financial income | 75/76B | €60 | €4,141 | +€4,081 | +6811.1% |
| Recurring financial income | 75 | €60 | €4,141 | +€4,081 | +6811.1% |
| Financial charges | 65/66B | €7,830 | €7,652 | -€178 | -2.3% |
| Recurring financial charges | 65 | €7,830 | €7,652 | -€178 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,970 | €3,224 | +€15,193 | |
| Income taxes | 67/77 | €550 | €3,265 | +€2,714 | +493.3% |
| Profit (loss) for the period | 9904 | -€12,520 | -€41 | +€12,479 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,520 | -€41 | +€12,479 | +99.7% |
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 30 September 2026 via checked.be.