JOPA 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.
JOPA CONSTRUCT
Largest movements
- Receivables within one year -€39,041
down €39,041 (-70.6%), from €55,311 to €16,269
of which Trade receivables: -€41,618
- Tangible fixed assets +€2,682
new in 2025: €2,682
- Other debts -€39,364
no longer reported in 2025 (was €39,364)
- Reserves +€23,731
up €23,731 (+40.9%), from €58,025 to €81,756
of which Distributable reserves: +€23,731
- Trade debts -€17,802
down €17,802 (-93.2%), from €19,095 to €1,293
- Tax, wage and social debts -€2,232
down €2,232 (-57.3%), from €3,897 to €1,665
- Gross operating margin +€32,294
up €32,294 (+902%), from €3,581 to €35,876
- Taxes +€9,412
up €9,412 (+346%), from €2,723 to €12,135
- Financial income -€2,437
down €2,437 (-60.8%), from €4,011 to €1,574
- Depreciation +€1,265
new in 2025: €1,265
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 | €167,247 | €131,580 | -€35,667 | -21.3% |
| Fixed assets | 21/28 | - | €2,682 | +€2,682 | |
| Tangible fixed assets | 22/27 | - | €2,682 | +€2,682 | |
| Furniture and vehicles | 24 | - | €2,682 | +€2,682 | |
| Current assets | 29/58 | €167,247 | €128,898 | -€38,349 | -22.9% |
| Amounts receivable within one year | 40/41 | €55,311 | €16,269 | -€39,041 | -70.6% |
| Trade receivables | 40 | €41,618 | - | -€41,618 | |
| Other amounts receivable | 41 | €13,693 | €16,269 | +€2,576 | +18.8% |
| Cash at bank and in hand | 54/58 | €111,936 | €112,629 | +€692 | +0.6% |
| Total equity and liabilities | 10/49 | €167,247 | €131,580 | -€35,667 | -21.3% |
| Equity | 10/15 | €104,891 | €128,622 | +€23,731 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,025 | €81,756 | +€23,731 | +40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,165 | €79,896 | +€23,731 | +42.3% |
| Profit (loss) carried forward | 14 | €28,266 | €28,266 | = | 0.0% |
| Amounts payable | 17/49 | €62,355 | €2,957 | -€59,398 | -95.3% |
| Amounts payable within one year | 42/48 | €62,355 | €2,957 | -€59,398 | -95.3% |
| Trade debts | 44 | €19,095 | €1,293 | -€17,802 | -93.2% |
| Suppliers | 440/4 | €19,095 | €1,293 | -€17,802 | -93.2% |
| Taxes, remuneration and social security | 45 | €3,897 | €1,665 | -€2,232 | -57.3% |
| Taxes | 450/3 | €3,897 | €1,665 | -€2,232 | -57.3% |
| Other amounts payable | 47/48 | €39,364 | - | -€39,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,265 | +€1,265 | |
| Other operating charges | 640/8 | €38 | €66 | +€28 | +74.5% |
| Gross operating margin | 9900 | €3,581 | €35,876 | +€32,294 | +902% |
| Operating profit (loss) | 9901 | €3,544 | €34,545 | +€31,001 | +875% |
| Financial income | 75/76B | €4,011 | €1,574 | -€2,437 | -60.8% |
| Recurring financial income | 75 | €4,011 | €1,574 | -€2,437 | -60.8% |
| Financial charges | 65/66B | €123 | €253 | +€130 | +106% |
| Recurring financial charges | 65 | €123 | €253 | +€130 | +106% |
| Profit (loss) for the period before taxes | 9903 | €7,432 | €35,866 | +€28,434 | +383% |
| Income taxes | 67/77 | €2,723 | €12,135 | +€9,412 | +346% |
| Profit (loss) for the period | 9904 | €4,709 | €23,731 | +€19,022 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €4,709 | €23,731 | +€19,022 | +404% |
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 19 October 2026 via checked.be.