JOEL CONSTRUCTIONS: 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.
JOEL CONSTRUCTIONS
Largest movements
- Cash +€20,202
up €20,202 (+13996.2%), from €144 to €20,346
mainly Other debts (+€19,627) and Tax, wage and social debts (+€12,015)
- Receivables within one year +€14,278
up €14,278 (+1689.5%), from €845 to €15,123
of which Trade receivables: +€15,111
- Tangible fixed assets +€1,757
new in 2025: €1,757
- Deferred charges and accrued income +€1,151
new in 2025: €1,151
- Stocks and contracts -€984
no longer reported in 2025 (was €984)
- Other debts +€19,627
up €19,627 (+577.8%), from €3,397 to €23,024
- Tax, wage and social debts +€12,015
up €12,015 (+29762.5%), from €40 to €12,055
- Profit (loss) carried forward +€5,190
no longer reported in 2025 (was -€5,190)
- Trade debts -€2,832
down €2,832 (-94.4%), from €3,001 to €169
- Reserves +€2,039
new in 2025: €2,039
- Gross operating margin +€16,635
up €16,635, from -€4,284 to €12,351
- Taxes +€3,913
new in 2025: €3,913
- Other operating charges +€450
new in 2025: €450
- Depreciation -€189
down €189 (-25.8%), from €734 to €545
- Staff costs +€143
new in 2025: €143
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 | €2,498 | €38,537 | +€36,039 | +1443.0% |
| Formation expenses | 20 | €525 | - | -€525 | |
| Fixed assets | 21/28 | - | €1,917 | +€1,917 | |
| Tangible fixed assets | 22/27 | - | €1,757 | +€1,757 | |
| Furniture and vehicles | 24 | - | €1,757 | +€1,757 | |
| Financial fixed assets | 28 | - | €160 | +€160 | |
| Current assets | 29/58 | €1,973 | €36,620 | +€34,647 | +1756.0% |
| Stocks and contracts in progress | 3 | €984 | - | -€984 | |
| Contracts in progress | 37 | €984 | - | -€984 | |
| Amounts receivable within one year | 40/41 | €845 | €15,123 | +€14,278 | +1689.5% |
| Trade receivables | 40 | - | €15,111 | +€15,111 | |
| Other amounts receivable | 41 | €845 | €12 | -€833 | -98.6% |
| Cash at bank and in hand | 54/58 | €144 | €20,346 | +€20,202 | +13996.2% |
| Deferred charges and accrued income | 490/1 | - | €1,151 | +€1,151 | |
| Total equity and liabilities | 10/49 | €2,498 | €38,537 | +€36,039 | +1443.0% |
| Equity | 10/15 | -€3,940 | €3,289 | +€7,229 | |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | - | €2,039 | +€2,039 | |
| Distributable reserves | 133 | - | €2,039 | +€2,039 | |
| Profit (loss) carried forward | 14 | -€5,190 | - | +€5,190 | |
| Amounts payable | 17/49 | €6,438 | €35,248 | +€28,810 | +447.5% |
| Amounts payable within one year | 42/48 | €6,438 | €35,248 | +€28,810 | +447.5% |
| Trade debts | 44 | €3,001 | €169 | -€2,832 | -94.4% |
| Suppliers | 440/4 | €3,001 | €169 | -€2,832 | -94.4% |
| Taxes, remuneration and social security | 45 | €40 | €12,055 | +€12,015 | +29762.5% |
| Taxes | 450/3 | €40 | €12,055 | +€12,015 | +29762.5% |
| Other amounts payable | 47/48 | €3,397 | €23,024 | +€19,627 | +577.8% |
| Remuneration, social security and pensions | 62 | - | €143 | +€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €734 | €545 | -€189 | -25.8% |
| Other operating charges | 640/8 | - | €450 | +€450 | |
| Gross operating margin | 9900 | -€4,284 | €12,351 | +€16,635 | |
| Operating profit (loss) | 9901 | -€5,018 | €11,212 | +€16,231 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €172 | €70 | -€102 | -59.1% |
| Recurring financial charges | 65 | €172 | €70 | -€102 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,190 | €11,142 | +€16,332 | |
| Income taxes | 67/77 | - | €3,913 | +€3,913 | |
| Profit (loss) for the period | 9904 | -€5,190 | €7,229 | +€12,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,190 | €7,229 | +€12,419 |
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 3 October 2026 via checked.be.