JES 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.
JES Construct
Largest movements
- Cash +€29,085
up €29,085 (+34.5%), from €84,204 to €113,289
mainly Net result for the year (+€34,573) and Receivables within one year (+€28,563)
- Receivables within one year -€28,563
down €28,563 (-39.4%), from €72,527 to €43,964
of which Trade receivables: -€31,692
- Deferred charges and accrued income +€8,917
up €8,917 (+97.4%), from €9,158 to €18,074
- Reserves +€34,573
up €34,573 (+59.0%), from €58,585 to €93,158
- Tax, wage and social debts -€14,391
down €14,391 (-54.1%), from €26,577 to €12,186
- Debts after one year -€7,990
down €7,990 (-11.1%), from €72,237 to €64,248
- Trade debts -€3,053
down €3,053 (-42.8%), from €7,133 to €4,080
- Gross operating margin -€4,829
down €4,829 (-7.6%), from €63,890 to €59,060
- Depreciation -€2,200
down €2,200 (-44.0%), from €5,003 to €2,803
- Taxes -€1,090
down €1,090 (-6.7%), from €16,347 to €15,257
- Other operating charges +€1,011
up €1,011 (+61.1%), from €1,656 to €2,667
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 | €178,514 | €188,067 | +€9,554 | +5.4% |
| Fixed assets | 21/28 | €12,625 | €12,741 | +€116 | +0.9% |
| Tangible fixed assets | 22/27 | €12,625 | €12,741 | +€116 | +0.9% |
| Plant, machinery and equipment | 23 | €2,611 | €4,004 | +€1,392 | +53.3% |
| Furniture and vehicles | 24 | €3,373 | €2,848 | -€525 | -15.6% |
| Other tangible fixed assets | 26 | €6,641 | €5,889 | -€752 | -11.3% |
| Current assets | 29/58 | €165,888 | €175,327 | +€9,438 | +5.7% |
| Amounts receivable within one year | 40/41 | €72,527 | €43,964 | -€28,563 | -39.4% |
| Trade receivables | 40 | €72,230 | €40,538 | -€31,692 | -43.9% |
| Other amounts receivable | 41 | €297 | €3,426 | +€3,129 | +1054.9% |
| Cash at bank and in hand | 54/58 | €84,204 | €113,289 | +€29,085 | +34.5% |
| Deferred charges and accrued income | 490/1 | €9,158 | €18,074 | +€8,917 | +97.4% |
| Total equity and liabilities | 10/49 | €178,514 | €188,067 | +€9,554 | +5.4% |
| Equity | 10/15 | €63,585 | €98,158 | +€34,573 | +54.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,585 | €93,158 | +€34,573 | +59.0% |
| Distributable reserves | 133 | €58,585 | €93,158 | +€34,573 | +59.0% |
| Amounts payable | 17/49 | €114,928 | €89,910 | -€25,019 | -21.8% |
| Amounts payable after more than one year | 17 | €72,237 | €64,248 | -€7,990 | -11.1% |
| Financial debts | 170/4 | €72,237 | €64,248 | -€7,990 | -11.1% |
| Amounts payable within one year | 42/48 | €41,591 | €24,562 | -€17,029 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €7,881 | €7,990 | +€109 | +1.4% |
| Trade debts | 44 | €7,133 | €4,080 | -€3,053 | -42.8% |
| Suppliers | 440/4 | €7,133 | €4,080 | -€3,053 | -42.8% |
| Taxes, remuneration and social security | 45 | €26,577 | €12,186 | -€14,391 | -54.1% |
| Taxes | 450/3 | €26,577 | €12,186 | -€14,391 | -54.1% |
| Other amounts payable | 47/48 | €0 | €306 | +€306 | |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,003 | €2,803 | -€2,200 | -44.0% |
| Other operating charges | 640/8 | €1,656 | €2,667 | +€1,011 | +61.1% |
| Gross operating margin | 9900 | €63,890 | €59,060 | -€4,829 | -7.6% |
| Operating profit (loss) | 9901 | €57,231 | €53,590 | -€3,641 | -6.4% |
| Financial income | 75/76B | €0 | €119 | +€119 | |
| Recurring financial income | 75 | €0 | €119 | +€119 | |
| Financial charges | 65/66B | €4,427 | €3,879 | -€548 | -12.4% |
| Recurring financial charges | 65 | €4,427 | €3,879 | -€548 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €52,804 | €49,830 | -€2,974 | -5.6% |
| Income taxes | 67/77 | €16,347 | €15,257 | -€1,090 | -6.7% |
| Profit (loss) for the period | 9904 | €36,457 | €34,573 | -€1,884 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,457 | €34,573 | -€1,884 | -5.2% |
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.