JN 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.
JN CONSTRUCT
Largest movements
- Cash -€16,098
down €16,098 (-31.0%), from €51,849 to €35,750
mainly Trade debts (-€12,821) and Tax, wage and social debts (-€6,106)
- Tangible fixed assets -€10,002
down €10,002 (-86.7%), from €11,536 to €1,534
of which Leasing and similar rights: -€6,146
- Receivables within one year +€1,557
up €1,557 (+6.0%), from €25,818 to €27,375
of which Trade receivables: +€2,252
- Deferred charges and accrued income -€1,119
down €1,119 (-89.7%), from €1,248 to €129
- Trade debts -€12,821
down €12,821 (-30.0%), from €42,760 to €29,939
- Tax, wage and social debts -€6,106
down €6,106 (-98.5%), from €6,197 to €91
- Debts after one year -€5,240
no longer reported in 2025 (was €5,240)
- Other debts -€2,964
down €2,964 (-12.1%), from €24,403 to €21,439
- Current portion of long-term debt +€1,453
up €1,453 (+38.4%), from €3,787 to €5,240
- Gross operating margin -€28,594
down €28,594 (-76.4%), from €37,446 to €8,852
- Taxes -€6,065
down €6,065 (-98.5%), from €6,156 to €91
- Depreciation -€1,694
down €1,694 (-19.2%), from €8,840 to €7,146
- Financial charges -€540
down €540 (-67.6%), from €798 to €259
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 | €90,451 | €64,788 | -€25,662 | -28.4% |
| Fixed assets | 21/28 | €11,536 | €1,534 | -€10,002 | -86.7% |
| Tangible fixed assets | 22/27 | €11,536 | €1,534 | -€10,002 | -86.7% |
| Plant, machinery and equipment | 23 | €807 | €157 | -€650 | -80.6% |
| Furniture and vehicles | 24 | €3,995 | €788 | -€3,207 | -80.3% |
| Leasing and similar rights | 25 | €6,735 | €589 | -€6,146 | -91.2% |
| Current assets | 29/58 | €78,914 | €63,254 | -€15,660 | -19.8% |
| Amounts receivable within one year | 40/41 | €25,818 | €27,375 | +€1,557 | +6.0% |
| Trade receivables | 40 | €23,878 | €26,130 | +€2,252 | +9.4% |
| Other amounts receivable | 41 | €1,940 | €1,245 | -€695 | -35.8% |
| Cash at bank and in hand | 54/58 | €51,849 | €35,750 | -€16,098 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,248 | €129 | -€1,119 | -89.7% |
| Total equity and liabilities | 10/49 | €90,451 | €64,788 | -€25,662 | -28.4% |
| Equity | 10/15 | €8,060 | €8,079 | +€19 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €19 | +€19 | |
| Amounts payable | 17/49 | €82,391 | €56,709 | -€25,682 | -31.2% |
| Amounts payable after more than one year | 17 | €5,240 | - | -€5,240 | |
| Financial debts | 170/4 | €5,240 | - | -€5,240 | |
| Amounts payable within one year | 42/48 | €77,147 | €56,709 | -€20,439 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €3,787 | €5,240 | +€1,453 | +38.4% |
| Trade debts | 44 | €42,760 | €29,939 | -€12,821 | -30.0% |
| Suppliers | 440/4 | €42,760 | €29,939 | -€12,821 | -30.0% |
| Taxes, remuneration and social security | 45 | €6,197 | €91 | -€6,106 | -98.5% |
| Taxes | 450/3 | €6,197 | €91 | -€6,106 | -98.5% |
| Other amounts payable | 47/48 | €24,403 | €21,439 | -€2,964 | -12.1% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €7,146 | -€1,694 | -19.2% |
| Other operating charges | 640/8 | €833 | €1,112 | +€279 | +33.5% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | €37,446 | €8,852 | -€28,594 | -76.4% |
| Operating profit (loss) | 9901 | €27,773 | €364 | -€27,410 | -98.7% |
| Financial income | 75/76B | €17 | €6 | -€12 | -67.5% |
| Recurring financial income | 75 | €17 | €6 | -€12 | -67.5% |
| Financial charges | 65/66B | €798 | €259 | -€540 | -67.6% |
| Recurring financial charges | 65 | €798 | €259 | -€540 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €26,992 | €110 | -€26,882 | -99.6% |
| Income taxes | 67/77 | €6,156 | €91 | -€6,065 | -98.5% |
| Profit (loss) for the period | 9904 | €20,836 | €19 | -€20,816 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,836 | €19 | -€20,816 | -99.9% |
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 28 September 2026 via checked.be.