JF BUILD: 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.
JF BUILD
Largest movements
- Stocks and contracts +€513,977
up €513,977 (+263.0%), from €195,406 to €709,383
- Cash -€93,714
down €93,714 (-92.4%), from €101,420 to €7,706
mainly Stocks and contracts (-€513,977) and Trade debts (-€67,229)
- Receivables within one year +€47,073
up €47,073 (+57.1%), from €82,483 to €129,556
- Other debts +€467,392
up €467,392 (+361.4%), from €129,319 to €596,712
- Debts after one year +€71,411
up €71,411 (+38.1%), from €187,589 to €259,000
- Trade debts -€67,229
down €67,229 (-98.5%), from €68,276 to €1,047
- Profit (loss) carried forward -€10,471
down €10,471 (-66.0%), from -€15,876 to -€26,347
- Financial charges +€1,817
up €1,817 (+26.4%), from €6,895 to €8,712
- Other operating charges -€1,062
down €1,062 (-66.1%), from €1,605 to €544
- Gross operating margin +€770
up €770 (+38.8%), from -€1,985 to -€1,215
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 | €379,309 | €846,645 | +€467,336 | +123.2% |
| Current assets | 29/58 | €379,309 | €846,645 | +€467,336 | +123.2% |
| Stocks and contracts in progress | 3 | €195,406 | €709,383 | +€513,977 | +263.0% |
| Stocks | 30/36 | €195,406 | €709,383 | +€513,977 | +263.0% |
| Amounts receivable within one year | 40/41 | €82,483 | €129,556 | +€47,073 | +57.1% |
| Other amounts receivable | 41 | €82,483 | €129,556 | +€47,073 | +57.1% |
| Cash at bank and in hand | 54/58 | €101,420 | €7,706 | -€93,714 | -92.4% |
| Total equity and liabilities | 10/49 | €379,309 | €846,645 | +€467,336 | +123.2% |
| Equity | 10/15 | -€5,876 | -€16,347 | -€10,471 | -178.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,876 | -€26,347 | -€10,471 | -66.0% |
| Amounts payable | 17/49 | €385,185 | €862,992 | +€477,807 | +124.0% |
| Amounts payable after more than one year | 17 | €187,589 | €259,000 | +€71,411 | +38.1% |
| Financial debts | 170/4 | €187,589 | €259,000 | +€71,411 | +38.1% |
| Amounts payable within one year | 42/48 | €197,595 | €603,992 | +€406,396 | +205.7% |
| Trade debts | 44 | €68,276 | €1,047 | -€67,229 | -98.5% |
| Suppliers | 440/4 | €68,276 | €1,047 | -€67,229 | -98.5% |
| Taxes, remuneration and social security | 45 | - | €6,232 | +€6,232 | |
| Taxes | 450/3 | - | €6,232 | +€6,232 | |
| Other amounts payable | 47/48 | €129,319 | €596,712 | +€467,392 | +361.4% |
| Non-recurring operating income | 76A | €2,165 | €0 | -€2,165 | -100.0% |
| Other operating charges | 640/8 | €1,605 | €544 | -€1,062 | -66.1% |
| Gross operating margin | 9900 | -€1,985 | -€1,215 | +€770 | +38.8% |
| Operating profit (loss) | 9901 | -€3,591 | -€1,759 | +€1,831 | +51.0% |
| Financial charges | 65/66B | €6,895 | €8,712 | +€1,817 | +26.4% |
| Recurring financial charges | 65 | €6,895 | €8,712 | +€1,817 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,485 | -€10,471 | +€14 | +0.1% |
| Profit (loss) for the period | 9904 | -€10,485 | -€10,471 | +€14 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,485 | -€10,471 | +€14 | +0.1% |
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 1 October 2026 via checked.be.