JG-Construct: 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.
JG-Construct
Largest movements
- Cash -€30,897
down €30,897 (-34.0%), from €90,886 to €59,989
mainly Investment in fixed assets (net) (-€21,692) and Tax, wage and social debts (-€10,515)
- Receivables within one year +€3,475
up €3,475 (+8.6%), from €40,427 to €43,902
of which Trade receivables: +€6,907
- Tangible fixed assets +€2,985
up €2,985 (+11.5%), from €26,009 to €28,994
of which Furniture and vehicles: +€4,531
- Deferred charges and accrued income +€2,750
up €2,750 (+296.8%), from €926 to €3,676
- Tax, wage and social debts -€10,515
down €10,515 (-48.7%), from €21,601 to €11,086
of which Taxes: -€13,615
- Debts after one year +€9,933
up €9,933 (+1557.0%), from €638 to €10,571
- Profit (loss) carried forward -€8,601
down €8,601 (-29.8%), from €28,864 to €20,264
- Current portion of long-term debt -€6,974
down €6,974 (-91.6%), from €7,612 to €638
- Other debts -€3,158
down €3,158 (-96.7%), from €3,265 to €107
- Gross operating margin -€25,091
down €25,091 (-10.3%), from €244,230 to €219,139
- Taxes -€7,506
down €7,506 (-98.2%), from €7,647 to €141
- Staff costs +€4,381
up €4,381 (+2.2%), from €201,055 to €205,436
- Depreciation +€3,885
up €3,885 (+26.2%), from €14,822 to €18,707
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 | €158,549 | €136,861 | -€21,688 | -13.7% |
| Fixed assets | 21/28 | €26,309 | €29,294 | +€2,985 | +11.3% |
| Tangible fixed assets | 22/27 | €26,009 | €28,994 | +€2,985 | +11.5% |
| Plant, machinery and equipment | 23 | €3,388 | €1,841 | -€1,546 | -45.6% |
| Furniture and vehicles | 24 | €22,622 | €27,153 | +€4,531 | +20.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €132,239 | €107,567 | -€24,672 | -18.7% |
| Amounts receivable within one year | 40/41 | €40,427 | €43,902 | +€3,475 | +8.6% |
| Trade receivables | 40 | €21,117 | €28,024 | +€6,907 | +32.7% |
| Other amounts receivable | 41 | €19,311 | €15,878 | -€3,432 | -17.8% |
| Cash at bank and in hand | 54/58 | €90,886 | €59,989 | -€30,897 | -34.0% |
| Deferred charges and accrued income | 490/1 | €926 | €3,676 | +€2,750 | +296.8% |
| Total equity and liabilities | 10/49 | €158,549 | €136,861 | -€21,688 | -13.7% |
| Equity | 10/15 | €108,954 | €100,353 | -€8,601 | -7.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €73,789 | €73,789 | = | 0.0% |
| Distributable reserves | 133 | €73,789 | €73,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,864 | €20,264 | -€8,601 | -29.8% |
| Amounts payable | 17/49 | €49,595 | €36,508 | -€13,087 | -26.4% |
| Amounts payable after more than one year | 17 | €638 | €10,571 | +€9,933 | +1557.0% |
| Financial debts | 170/4 | €638 | €10,571 | +€9,933 | +1557.0% |
| Amounts payable within one year | 42/48 | €48,957 | €25,936 | -€23,020 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €7,612 | €638 | -€6,974 | -91.6% |
| Trade debts | 44 | €16,479 | €14,106 | -€2,374 | -14.4% |
| Suppliers | 440/4 | €16,479 | €14,106 | -€2,374 | -14.4% |
| Taxes, remuneration and social security | 45 | €21,601 | €11,086 | -€10,515 | -48.7% |
| Taxes | 450/3 | €21,567 | €7,952 | -€13,615 | -63.1% |
| Remuneration and social security | 454/9 | €34 | €3,133 | +€3,100 | +9197.5% |
| Other amounts payable | 47/48 | €3,265 | €107 | -€3,158 | -96.7% |
| Remuneration, social security and pensions | 62 | €201,055 | €205,436 | +€4,381 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,822 | €18,707 | +€3,885 | +26.2% |
| Other operating charges | 640/8 | €2,647 | €2,724 | +€78 | +2.9% |
| Gross operating margin | 9900 | €244,230 | €219,139 | -€25,091 | -10.3% |
| Operating profit (loss) | 9901 | €25,706 | -€7,729 | -€33,434 | |
| Financial income | 75/76B | €131 | €0 | -€131 | -100.0% |
| Recurring financial income | 75 | €131 | €0 | -€131 | -100.0% |
| Financial charges | 65/66B | €277 | €731 | +€454 | +163.9% |
| Recurring financial charges | 65 | €277 | €731 | +€454 | +163.9% |
| Profit (loss) for the period before taxes | 9903 | €25,560 | -€8,460 | -€34,020 | |
| Income taxes | 67/77 | €7,647 | €141 | -€7,506 | -98.2% |
| Profit (loss) for the period | 9904 | €17,913 | -€8,601 | -€26,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,913 | -€8,601 | -€26,514 |
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 11 October 2026 via checked.be.