JLW CONSTRUCT: what changed
JLW CONSTRUCT
Largest movements
- Deferred charges and accrued income +€37,639
up €37,639 (+2,868%), from €1,312 to €38,951
- Receivables within one year -€30,550
down €30,550 (-47.9%), from €63,840 to €33,289
of which Trade receivables: -€40,058
- Cash +€15,736
up €15,736 (+263%), from €5,982 to €21,718
mainly Net result for the year (+€44,362) and Receivables within one year (+€30,550)
- Reserves +€40,000
up €40,000 (+118%), from €34,000 to €74,000
- Trade debts -€16,723
down €16,723 (-50.8%), from €32,934 to €16,211
- Other debts -€5,575
down €5,575 (-36.5%), from €15,276 to €9,701
- Profit (loss) carried forward +€3,529
up €3,529 (+58.9%), from €5,987 to €9,515
- Tax, wage and social debts +€2,561
up €2,561 (+13.2%), from €19,338 to €21,898
- Gross operating margin +€45,932
up €45,932 (+74.5%), from €61,692 to €107,624
- Staff costs +€14,173
new in 2025: €14,173
- Depreciation +€9,166
up €9,166 (+93.2%), from €9,831 to €18,997
- Financial charges +€9,137
up €9,137 (+816%), from €1,119 to €10,256
of which Financial charges: +€8,509
- Taxes +€4,654
up €4,654 (+33.0%), from €14,105 to €18,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,534 | €136,326 | +€23,792 | +21.1% |
| Fixed assets | 21/28 | €40,805 | €41,872 | +€1,067 | +2.6% |
| Tangible fixed assets | 22/27 | €40,805 | €41,872 | +€1,067 | +2.6% |
| Plant, machinery and equipment | 23 | €13,917 | €21,503 | +€7,585 | +54.5% |
| Furniture and vehicles | 24 | €26,888 | €20,369 | -€6,519 | -24.2% |
| Current assets | 29/58 | €71,728 | €94,454 | +€22,725 | +31.7% |
| Stocks and contracts in progress | 3 | €595 | €495 | -€100 | -16.8% |
| Stocks | 30/36 | €595 | €495 | -€100 | -16.8% |
| Amounts receivable within one year | 40/41 | €63,840 | €33,289 | -€30,550 | -47.9% |
| Trade receivables | 40 | €56,773 | €16,716 | -€40,058 | -70.6% |
| Other amounts receivable | 41 | €7,066 | €16,574 | +€9,507 | +135% |
| Cash at bank and in hand | 54/58 | €5,982 | €21,718 | +€15,736 | +263% |
| Deferred charges and accrued income | 490/1 | €1,312 | €38,951 | +€37,639 | +2,868% |
| Total equity and liabilities | 10/49 | €112,534 | €136,326 | +€23,792 | +21.1% |
| Equity | 10/15 | €44,987 | €88,515 | +€43,529 | +96.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €74,000 | +€40,000 | +118% |
| Distributable reserves | 133 | €34,000 | €74,000 | +€40,000 | +118% |
| Profit (loss) carried forward | 14 | €5,987 | €9,515 | +€3,529 | +58.9% |
| Amounts payable | 17/49 | €67,547 | €47,810 | -€19,737 | -29.2% |
| Amounts payable within one year | 42/48 | €67,547 | €47,810 | -€19,737 | -29.2% |
| Trade debts | 44 | €32,934 | €16,211 | -€16,723 | -50.8% |
| Suppliers | 440/4 | €32,934 | €16,211 | -€16,723 | -50.8% |
| Taxes, remuneration and social security | 45 | €19,338 | €21,898 | +€2,561 | +13.2% |
| Taxes | 450/3 | €19,338 | €21,898 | +€2,561 | +13.2% |
| Other amounts payable | 47/48 | €15,276 | €9,701 | -€5,575 | -36.5% |
| Remuneration, social security and pensions | 62 | - | €14,173 | +€14,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,831 | €18,997 | +€9,166 | +93.2% |
| Other operating charges | 640/8 | €4,733 | €1,105 | -€3,628 | -76.7% |
| Gross operating margin | 9900 | €61,692 | €107,624 | +€45,932 | +74.5% |
| Operating profit (loss) | 9901 | €47,128 | €73,349 | +€26,221 | +55.6% |
| Financial income | 75/76B | €70 | €27 | -€43 | -61.3% |
| Recurring financial income | 75 | €70 | €27 | -€43 | -61.3% |
| Financial charges | 65/66B | €1,119 | €10,256 | +€9,137 | +816% |
| Recurring financial charges | 65 | €1,119 | €9,628 | +€8,509 | +760% |
| Non-recurring financial charges | 66B | - | €628 | +€628 | |
| Profit (loss) for the period before taxes | 9903 | €46,079 | €63,121 | +€17,042 | +37.0% |
| Income taxes | 67/77 | €14,105 | €18,759 | +€4,654 | +33.0% |
| Profit (loss) for the period | 9904 | €31,974 | €44,362 | +€12,388 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,974 | €44,362 | +€12,388 | +38.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.