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Jml.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.

What changed

Jml.construct

BE 0797.045.040
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€23,523
2024 · €83,192-€106,715
Equity
€24,761
2024 · €88,284-€63,523
Cash
€23,938
2024 · €2,151+€21,787
Balance sheet total
€87,635
2024 · €110,816-€23,181

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income -€85,955

    down €85,955 (-99.5%), from €86,400 to €445

  • Receivables within one year +€24,650

    up €24,650 (+110.7%), from €22,265 to €46,915

    of which Other amounts receivable: +€27,856

  • Cash +€21,787

    up €21,787 (+1013.0%), from €2,151 to €23,938

    mainly Deferred charges and accrued income (+€85,955) and Other debts (+€40,000)

  • Tangible fixed assets +€16,337

    new in 2025: €16,337

Equity and liabilities
  • Profit (loss) carried forward -€63,523

    down €63,523 (-74.5%), from €85,284 to €21,761

  • Other debts +€40,000

    new in 2025: €40,000

Income statement
  • Gross operating margin -€120,407

    down €120,407, from €104,206 to -€16,201

  • Taxes -€20,957

    down €20,957 (-99.5%), from €21,064 to €107

  • Depreciation +€6,300

    new in 2025: €6,300

  • Other operating charges +€2,370

    up €2,370, from €0 to €2,370

  • Financial income +€1,954

    up €1,954 (+762.6%), from €256 to €2,210

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €83,192
Gross operating margin -€120,407
Depreciation -€6,300
Other operating charges -€2,370
Financial income +€1,954
Financial charges -€550
Taxes +€20,957
Result 2025 -€23,523

Cash bridge derived

cash 2024 to 2025

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.

From operations +€84,425
Investment -€22,637
Financing -€40,000
Cash 2024 €2,151
Net result for the year -€23,523
Depreciation +€6,300
Receivables within one year -€24,650
Deferred charges and accrued income +€85,955
Trade debts +€883
Tax, wage and social debts -€541
Other debts +€40,000
Investment in fixed assets (net) -€22,637
Contributions, distributions and other -€40,000
Cash 2025 €23,938
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €110,816 €87,635 -€23,181 -20.9%
Fixed assets 21/28 - €16,337 +€16,337
Tangible fixed assets 22/27 - €16,337 +€16,337
Furniture and vehicles 24 - €16,337 +€16,337
Current assets 29/58 €110,816 €71,298 -€39,518 -35.7%
Amounts receivable within one year 40/41 €22,265 €46,915 +€24,650 +110.7%
Trade receivables 40 €3,296 €90 -€3,206 -97.3%
Other amounts receivable 41 €18,969 €46,825 +€27,856 +146.9%
Cash at bank and in hand 54/58 €2,151 €23,938 +€21,787 +1013.0%
Deferred charges and accrued income 490/1 €86,400 €445 -€85,955 -99.5%
Total equity and liabilities 10/49 €110,816 €87,635 -€23,181 -20.9%
Equity 10/15 €88,284 €24,761 -€63,523 -72.0%
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 €85,284 €21,761 -€63,523 -74.5%
Amounts payable 17/49 €22,532 €62,875 +€40,342 +179.0%
Amounts payable within one year 42/48 €22,532 €62,875 +€40,342 +179.0%
Trade debts 44 €176 €1,059 +€883 +500.9%
Suppliers 440/4 €176 €1,059 +€883 +500.9%
Taxes, remuneration and social security 45 €22,356 €21,815 -€541 -2.4%
Taxes 450/3 €22,356 €21,815 -€541 -2.4%
Remuneration and social security 454/9 €0 - =
Other amounts payable 47/48 - €40,000 +€40,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €6,300 +€6,300
Other operating charges 640/8 €0 €2,370 +€2,370
Gross operating margin 9900 €104,206 -€16,201 -€120,407
Operating profit (loss) 9901 €104,206 -€24,870 -€129,077
Financial income 75/76B €256 €2,210 +€1,954 +762.6%
Recurring financial income 75 €256 €2,210 +€1,954 +762.6%
Financial charges 65/66B €206 €756 +€550 +267.2%
Recurring financial charges 65 €206 €756 +€550 +267.2%
Profit (loss) for the period before taxes 9903 €104,256 -€23,416 -€127,673
Income taxes 67/77 €21,064 €107 -€20,957 -99.5%
Profit (loss) for the period 9904 €83,192 -€23,523 -€106,715
Profit (loss) for the period to be appropriated 9905 €83,192 -€23,523 -€106,715

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 29 September 2026 via checked.be.