JORGE 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.
JORGE CONSTRUCT
Largest movements
- Receivables within one year +€23,589
up €23,589 (+93.8%), from €25,156 to €48,744
of which Trade receivables: +€22,572
- Tangible fixed assets +€7,861
up €7,861 (+53.1%), from €14,819 to €22,680
of which Leasing and similar rights: +€11,240
- Stocks and contracts -€6,580
down €6,580 (-100.0%), from €6,580 to €0
- Deferred charges and accrued income +€3,291
up €3,291 (+11301.4%), from €29 to €3,320
- Cash +€2,994
up €2,994 (+117.5%), from €2,548 to €5,542
mainly Trade debts (+€51,882) and Stocks and contracts (+€6,580)
- Trade debts +€51,882
up €51,882 (+8777.6%), from €591 to €52,473
- Profit (loss) carried forward -€23,848
down €23,848 (-57.1%), from €41,754 to €17,906
- Tax, wage and social debts +€2,121
up €2,121 (+57.5%), from €3,686 to €5,807
of which Remuneration and social security: +€2,074
- Advances received +€1,000
up €1,000, from €0 to €1,000
- Gross operating margin -€40,241
down €40,241, from €29,481 to -€10,760
- Staff costs +€3,127
up €3,127, from €0 to €3,127
- Taxes -€2,486
down €2,486 (-67.4%), from €3,686 to €1,200
- Depreciation +€1,531
up €1,531 (+77.6%), from €1,973 to €3,504
- Financial charges -€731
down €731 (-34.4%), from €2,124 to €1,392
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 | €49,132 | €80,286 | +€31,154 | +63.4% |
| Fixed assets | 21/28 | €14,819 | €22,680 | +€7,861 | +53.1% |
| Tangible fixed assets | 22/27 | €14,819 | €22,680 | +€7,861 | +53.1% |
| Plant, machinery and equipment | 23 | €156 | €0 | -€156 | -100.0% |
| Furniture and vehicles | 24 | €14,663 | €11,440 | -€3,223 | -22.0% |
| Leasing and similar rights | 25 | - | €11,240 | +€11,240 | |
| Current assets | 29/58 | €34,313 | €57,606 | +€23,293 | +67.9% |
| Stocks and contracts in progress | 3 | €6,580 | €0 | -€6,580 | -100.0% |
| Stocks | 30/36 | €6,580 | €0 | -€6,580 | -100.0% |
| Amounts receivable within one year | 40/41 | €25,156 | €48,744 | +€23,589 | +93.8% |
| Trade receivables | 40 | €11,888 | €34,459 | +€22,572 | +189.9% |
| Other amounts receivable | 41 | €13,268 | €14,285 | +€1,017 | +7.7% |
| Cash at bank and in hand | 54/58 | €2,548 | €5,542 | +€2,994 | +117.5% |
| Deferred charges and accrued income | 490/1 | €29 | €3,320 | +€3,291 | +11301.4% |
| Total equity and liabilities | 10/49 | €49,132 | €80,286 | +€31,154 | +63.4% |
| Equity | 10/15 | €44,854 | €21,006 | -€23,848 | -53.2% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,754 | €17,906 | -€23,848 | -57.1% |
| Amounts payable | 17/49 | €4,277 | €59,280 | +€55,002 | +1285.9% |
| Amounts payable within one year | 42/48 | €4,277 | €59,280 | +€55,002 | +1285.9% |
| Trade debts | 44 | €591 | €52,473 | +€51,882 | +8777.6% |
| Suppliers | 440/4 | €591 | €52,473 | +€51,882 | +8777.6% |
| Advances received on contracts in progress | 46 | €0 | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €3,686 | €5,807 | +€2,121 | +57.5% |
| Taxes | 450/3 | €3,686 | €3,733 | +€46 | +1.3% |
| Remuneration and social security | 454/9 | €0 | €2,074 | +€2,074 | |
| Remuneration, social security and pensions | 62 | €0 | €3,127 | +€3,127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,973 | €3,504 | +€1,531 | +77.6% |
| Other operating charges | 640/8 | €977 | €1,026 | +€49 | +5.0% |
| Non-recurring operating charges | 66A | €2,414 | €3,136 | +€722 | +29.9% |
| Gross operating margin | 9900 | €29,481 | -€10,760 | -€40,241 | |
| Operating profit (loss) | 9901 | €24,117 | -€21,552 | -€45,669 | |
| Financial income | 75/76B | €166 | €296 | +€130 | +78.4% |
| Recurring financial income | 75 | €166 | €296 | +€130 | +78.4% |
| Financial charges | 65/66B | €2,124 | €1,392 | -€731 | -34.4% |
| Recurring financial charges | 65 | €2,124 | €1,392 | -€731 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €22,160 | -€22,648 | -€44,808 | |
| Income taxes | 67/77 | €3,686 | €1,200 | -€2,486 | -67.4% |
| Profit (loss) for the period | 9904 | €18,473 | -€23,848 | -€42,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,473 | -€23,848 | -€42,321 |
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 7 October 2026 via checked.be.