JIVA-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.
JIVA-CONSTRUCT
Largest movements
- Tangible fixed assets -€85,682
down €85,682 (-8.3%), from €1.0m to €940,470
of which Land and buildings: -€62,259
- Receivables within one year +€27,265
up €27,265 (+38.6%), from €70,598 to €97,863
of which Trade receivables: +€27,480
- Cash -€17,705
down €17,705 (-7.4%), from €238,962 to €221,257
mainly Contributions, distributions and other (-€129,194) and Debts after one year (-€51,413)
- Other debts +€113,995
up €113,995 (+144%), from €79,374 to €193,369
- Reserves -€66,654
down €66,654 (-7.8%), from €850,827 to €784,173
of which Distributable reserves: -€66,654
- Debts after one year -€51,413
down €51,413 (-20.2%), from €254,595 to €203,182
- Current portion of long-term debt -€38,410
down €38,410 (-45.0%), from €85,314 to €46,904
- Trade debts -€21,947
down €21,947 (-89.6%), from €24,502 to €2,555
- Gross operating margin -€40,528
down €40,528 (-15.2%), from €267,149 to €226,621
- Taxes -€14,076
down €14,076 (-27.6%), from €51,025 to €36,949
- Depreciation +€3,742
up €3,742 (+3.8%), from €98,434 to €102,176
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 | €1,344,912 | €1,269,326 | -€75,586 | -5.6% |
| Fixed assets | 21/28 | €1,026,152 | €940,470 | -€85,682 | -8.3% |
| Tangible fixed assets | 22/27 | €1,026,152 | €940,470 | -€85,682 | -8.3% |
| Land and buildings | 22 | €934,357 | €872,098 | -€62,259 | -6.7% |
| Plant, machinery and equipment | 23 | €18,903 | €12,774 | -€6,129 | -32.4% |
| Furniture and vehicles | 24 | €72,892 | €55,598 | -€17,294 | -23.7% |
| Current assets | 29/58 | €318,760 | €328,855 | +€10,095 | +3.2% |
| Amounts receivable after more than one year | 29 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000 | €1,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,200 | €8,735 | +€535 | +6.5% |
| Stocks | 30/36 | €8,200 | €8,735 | +€535 | +6.5% |
| Amounts receivable within one year | 40/41 | €70,598 | €97,863 | +€27,265 | +38.6% |
| Trade receivables | 40 | €70,383 | €97,863 | +€27,480 | +39.0% |
| Other amounts receivable | 41 | €215 | - | -€215 | |
| Cash at bank and in hand | 54/58 | €238,962 | €221,257 | -€17,705 | -7.4% |
| Total equity and liabilities | 10/49 | €1,344,912 | €1,269,326 | -€75,586 | -5.6% |
| Equity | 10/15 | €870,827 | €804,173 | -€66,654 | -7.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €850,827 | €784,173 | -€66,654 | -7.8% |
| Tax-exempt reserves | 132 | €60,850 | €60,850 | = | 0.0% |
| Distributable reserves | 133 | €789,977 | €723,323 | -€66,654 | -8.4% |
| Amounts payable | 17/49 | €474,085 | €465,153 | -€8,932 | -1.9% |
| Amounts payable after more than one year | 17 | €254,595 | €203,182 | -€51,413 | -20.2% |
| Financial debts | 170/4 | €254,595 | €203,182 | -€51,413 | -20.2% |
| Amounts payable within one year | 42/48 | €219,490 | €261,971 | +€42,481 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €85,314 | €46,904 | -€38,410 | -45.0% |
| Trade debts | 44 | €24,502 | €2,555 | -€21,947 | -89.6% |
| Suppliers | 440/4 | €24,502 | €2,555 | -€21,947 | -89.6% |
| Taxes, remuneration and social security | 45 | €30,300 | €19,143 | -€11,157 | -36.8% |
| Taxes | 450/3 | €28,354 | €16,447 | -€11,907 | -42.0% |
| Remuneration and social security | 454/9 | €1,946 | €2,697 | +€751 | +38.6% |
| Other amounts payable | 47/48 | €79,374 | €193,369 | +€113,995 | +144% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,354 | -€166 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,434 | €102,176 | +€3,742 | +3.8% |
| Other operating charges | 640/8 | €9,197 | €9,454 | +€257 | +2.8% |
| Gross operating margin | 9900 | €267,149 | €226,621 | -€40,528 | -15.2% |
| Operating profit (loss) | 9901 | €157,998 | €113,638 | -€44,360 | -28.1% |
| Financial income | 75/76B | €1,804 | €2,509 | +€705 | +39.1% |
| Recurring financial income | 75 | €1,804 | €2,509 | +€705 | +39.1% |
| Financial charges | 65/66B | €15,619 | €16,657 | +€1,038 | +6.6% |
| Recurring financial charges | 65 | €15,619 | €16,657 | +€1,038 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €144,183 | €99,489 | -€44,694 | -31.0% |
| Income taxes | 67/77 | €51,025 | €36,949 | -€14,076 | -27.6% |
| Profit (loss) for the period | 9904 | €93,158 | €62,540 | -€30,618 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,158 | €62,540 | -€30,618 | -32.9% |
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 25 October 2026 via checked.be.