Jophi 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.
Jophi Construct
Largest movements
- Stocks and contracts -€144,411
down €144,411 (-22.6%), from €638,283 to €493,873
of which Stocks: -€104,411
- Receivables within one year -€29,249
down €29,249 (-34.0%), from €85,950 to €56,700
of which Trade receivables: -€27,173
- Cash +€17,828
up €17,828 (+227.6%), from €7,832 to €25,660
mainly Stocks and contracts (+€144,411) and Other debts (+€31,441)
- Short-term financial debts -€114,476
down €114,476 (-28.7%), from €398,979 to €284,503
- Reserves -€40,367
down €40,367 (-43.5%), from €92,791 to €52,424
of which Distributable reserves: -€40,367
- Other debts +€31,441
up €31,441 (+22.7%), from €138,258 to €169,699
- Tax, wage and social debts -€19,380
down €19,380 (-74.8%), from €25,915 to €6,535
of which Taxes: -€21,293
- Trade debts -€11,383
down €11,383 (-27.2%), from €41,777 to €30,394
- Gross operating margin -€88,517
down €88,517 (-88.8%), from €99,692 to €11,175
- Financial charges -€13,722
down €13,722 (-30.5%), from €45,040 to €31,318
- Financial income +€3,836
up €3,836 (+246.0%), from €1,559 to €5,396
- Other operating charges +€2,923
up €2,923 (+166.4%), from €1,756 to €4,679
- Staff costs -€2,095
down €2,095 (-12.2%), from €17,118 to €15,023
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 | €823,363 | €661,510 | -€161,853 | -19.7% |
| Fixed assets | 21/28 | €87,967 | €82,473 | -€5,494 | -6.2% |
| Tangible fixed assets | 22/27 | €87,967 | €82,473 | -€5,494 | -6.2% |
| Land and buildings | 22 | €86,500 | €81,750 | -€4,750 | -5.5% |
| Furniture and vehicles | 24 | €1,467 | €723 | -€744 | -50.7% |
| Current assets | 29/58 | €735,396 | €579,037 | -€156,359 | -21.3% |
| Stocks and contracts in progress | 3 | €638,283 | €493,873 | -€144,411 | -22.6% |
| Stocks | 30/36 | €498,283 | €393,873 | -€104,411 | -21.0% |
| Contracts in progress | 37 | €140,000 | €100,000 | -€40,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €85,950 | €56,700 | -€29,249 | -34.0% |
| Trade receivables | 40 | €80,050 | €52,877 | -€27,173 | -33.9% |
| Other amounts receivable | 41 | €5,900 | €3,824 | -€2,076 | -35.2% |
| Cash at bank and in hand | 54/58 | €7,832 | €25,660 | +€17,828 | +227.6% |
| Deferred charges and accrued income | 490/1 | €3,330 | €2,804 | -€526 | -15.8% |
| Total equity and liabilities | 10/49 | €823,363 | €661,510 | -€161,853 | -19.7% |
| Equity | 10/15 | €138,872 | €98,505 | -€40,367 | -29.1% |
| Contributions | 10/11 | €46,081 | €46,081 | = | 0.0% |
| Reserves | 13 | €92,791 | €52,424 | -€40,367 | -43.5% |
| Tax-exempt reserves | 132 | €289 | €289 | = | 0.0% |
| Distributable reserves | 133 | €92,502 | €52,135 | -€40,367 | -43.6% |
| Amounts payable | 17/49 | €684,491 | €563,005 | -€121,486 | -17.7% |
| Amounts payable after more than one year | 17 | €71,875 | €63,980 | -€7,894 | -11.0% |
| Financial debts | 170/4 | €71,875 | €63,980 | -€7,894 | -11.0% |
| Amounts payable within one year | 42/48 | €612,616 | €499,025 | -€113,592 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €7,687 | €7,894 | +€207 | +2.7% |
| Financial debts | 43 | €398,979 | €284,503 | -€114,476 | -28.7% |
| Credit institutions | 430/8 | €398,979 | €284,503 | -€114,476 | -28.7% |
| Trade debts | 44 | €41,777 | €30,394 | -€11,383 | -27.2% |
| Suppliers | 440/4 | €41,777 | €30,394 | -€11,383 | -27.2% |
| Taxes, remuneration and social security | 45 | €25,915 | €6,535 | -€19,380 | -74.8% |
| Taxes | 450/3 | €22,277 | €983 | -€21,293 | -95.6% |
| Remuneration and social security | 454/9 | €3,639 | €5,552 | +€1,913 | +52.6% |
| Other amounts payable | 47/48 | €138,258 | €169,699 | +€31,441 | +22.7% |
| Non-recurring operating income | 76A | - | €819 | +€819 | |
| Remuneration, social security and pensions | 62 | €17,118 | €15,023 | -€2,095 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,494 | €5,494 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,756 | €4,679 | +€2,923 | +166.4% |
| Non-recurring operating charges | 66A | - | €124 | +€124 | |
| Gross operating margin | 9900 | €99,692 | €11,175 | -€88,517 | -88.8% |
| Operating profit (loss) | 9901 | €75,323 | -€14,146 | -€89,469 | |
| Financial income | 75/76B | €1,559 | €5,396 | +€3,836 | +246.0% |
| Recurring financial income | 75 | €1,559 | €5,396 | +€3,836 | +246.0% |
| Financial charges | 65/66B | €45,040 | €31,318 | -€13,722 | -30.5% |
| Recurring financial charges | 65 | €45,040 | €31,318 | -€13,722 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €31,843 | -€40,068 | -€71,911 | |
| Income taxes | 67/77 | €235 | €299 | +€64 | +27.1% |
| Profit (loss) for the period | 9904 | €31,608 | -€40,367 | -€71,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,608 | -€40,367 | -€71,974 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.