JE Projects: 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.
JE Projects
Largest movements
- Cash +€95,026
up €95,026 (+95.7%), from €99,323 to €194,349
mainly Other debts (+€257,534) and Net result for the year (+€135,758)
- Receivables within one year -€46,119
down €46,119 (-51.2%), from €90,062 to €43,943
of which Trade receivables: -€66,953
- Other debts +€257,534
up €257,534 (+451%), from €57,082 to €314,617
- Reserves -€164,242
down €164,242 (-45.9%), from €357,832 to €193,590
- Debts after one year -€45,967
down €45,967 (-30.9%), from €148,599 to €102,632
- Staff costs -€19,696
no longer reported in 2025 (was €19,696)
- Gross operating margin +€8,048
up €8,048 (+4.1%), from €197,936 to €205,985
- Taxes +€5,628
up €5,628 (+12.9%), from €43,495 to €49,123
- Financial income -€5,330
no longer reported in 2025 (was €5,330)
of which Non-recurring financial income: -€5,329
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.
Derived cash bridge
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 | €645,355 | €692,353 | +€46,998 | +7.3% |
| Fixed assets | 21/28 | €445,471 | €446,062 | +€591 | +0.1% |
| Tangible fixed assets | 22/27 | €150,471 | €151,062 | +€591 | +0.4% |
| Land and buildings | 22 | €140,680 | €134,901 | -€5,779 | -4.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €7,304 | €10,154 | +€2,850 | +39.0% |
| Other tangible fixed assets | 26 | €2,487 | €6,007 | +€3,520 | +142% |
| Financial fixed assets | 28 | €295,000 | €295,000 | = | 0.0% |
| Current assets | 29/58 | €199,884 | €246,291 | +€46,407 | +23.2% |
| Amounts receivable within one year | 40/41 | €90,062 | €43,943 | -€46,119 | -51.2% |
| Trade receivables | 40 | €82,303 | €15,350 | -€66,953 | -81.3% |
| Other amounts receivable | 41 | €7,759 | €28,593 | +€20,834 | +269% |
| Cash at bank and in hand | 54/58 | €99,323 | €194,349 | +€95,026 | +95.7% |
| Deferred charges and accrued income | 490/1 | €10,499 | €8,000 | -€2,500 | -23.8% |
| Total equity and liabilities | 10/49 | €645,355 | €692,353 | +€46,998 | +7.3% |
| Equity | 10/15 | €376,432 | €212,190 | -€164,242 | -43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,832 | €193,590 | -€164,242 | -45.9% |
| Distributable reserves | 133 | €357,832 | €193,590 | -€164,242 | -45.9% |
| Amounts payable | 17/49 | €268,923 | €480,162 | +€211,240 | +78.6% |
| Amounts payable after more than one year | 17 | €148,599 | €102,632 | -€45,967 | -30.9% |
| Financial debts | 170/4 | €148,599 | €102,632 | -€45,967 | -30.9% |
| Amounts payable within one year | 42/48 | €120,292 | €377,530 | +€257,239 | +214% |
| Current portion of amounts payable after more than one year | 42 | €46,476 | €49,322 | +€2,846 | +6.1% |
| Trade debts | 44 | €3,221 | €6,212 | +€2,991 | +92.9% |
| Suppliers | 440/4 | €3,221 | €6,212 | +€2,991 | +92.9% |
| Taxes, remuneration and social security | 45 | €13,512 | €7,379 | -€6,133 | -45.4% |
| Taxes | 450/3 | €11,887 | €5,754 | -€6,133 | -51.6% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €57,082 | €314,617 | +€257,534 | +451% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Remuneration, social security and pensions | 62 | €19,696 | - | -€19,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,703 | €10,832 | +€1,129 | +11.6% |
| Other operating charges | 640/8 | €902 | €1,014 | +€112 | +12.4% |
| Gross operating margin | 9900 | €197,936 | €205,985 | +€8,048 | +4.1% |
| Operating profit (loss) | 9901 | €167,634 | €194,139 | +€26,504 | +15.8% |
| Financial income | 75/76B | €5,330 | - | -€5,330 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €5,329 | - | -€5,329 | |
| Financial charges | 65/66B | €10,107 | €9,257 | -€851 | -8.4% |
| Recurring financial charges | 65 | €10,107 | €9,257 | -€851 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €162,856 | €184,882 | +€22,025 | +13.5% |
| Income taxes | 67/77 | €43,495 | €49,123 | +€5,628 | +12.9% |
| Profit (loss) for the period | 9904 | €119,361 | €135,758 | +€16,397 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,361 | €135,758 | +€16,397 | +13.7% |
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 22 October 2026 via checked.be.