JORJ 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.
JORJ CONSTRUCT
Largest movements
- Receivables within one year +€80,294
up €80,294 (+48.9%), from €164,061 to €244,355
of which Trade receivables: +€75,809
- Cash +€58,877
up €58,877 (+502.7%), from €11,712 to €70,588
mainly Net result for the year (+€58,823) and Trade debts (+€54,986)
- Tangible fixed assets -€30,218
down €30,218 (-48.9%), from €61,851 to €31,632
of which Furniture and vehicles: -€29,859
- Deferred charges and accrued income +€18,528
up €18,528 (+92.1%), from €20,112 to €38,641
- Reserves +€58,823
up €58,823 (+58.9%), from €99,910 to €158,733
of which Distributable reserves: +€58,823
- Trade debts +€54,986
up €54,986 (+40.7%), from €134,996 to €189,983
- Accrued charges and deferred income +€34,947
new in 2025: €34,947
- Debts after one year -€11,794
no longer reported in 2025 (was €11,794)
- Current portion of long-term debt -€7,685
down €7,685 (-32.4%), from €23,717 to €16,032
- Gross operating margin +€43,273
up €43,273 (+33.9%), from €127,732 to €171,005
- Taxes +€17,966
up €17,966 (+181.1%), from €9,921 to €27,887
- Other operating charges -€10,087
down €10,087 (-87.7%), from €11,506 to €1,419
- Depreciation -€2,288
down €2,288 (-6.0%), from €38,247 to €35,959
- Financial income +€1,762
up €1,762 (+765.1%), from €230 to €1,992
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 | €355,953 | €487,365 | +€131,412 | +36.9% |
| Fixed assets | 21/28 | €61,851 | €33,652 | -€28,198 | -45.6% |
| Tangible fixed assets | 22/27 | €61,851 | €31,632 | -€30,218 | -48.9% |
| Plant, machinery and equipment | 23 | €5,253 | €4,894 | -€359 | -6.8% |
| Furniture and vehicles | 24 | €56,598 | €26,738 | -€29,859 | -52.8% |
| Financial fixed assets | 28 | - | €2,020 | +€2,020 | |
| Current assets | 29/58 | €294,103 | €453,713 | +€159,610 | +54.3% |
| Amounts receivable after more than one year | 29 | €98,218 | €100,129 | +€1,911 | +1.9% |
| Other amounts receivable | 291 | €98,218 | €100,129 | +€1,911 | +1.9% |
| Amounts receivable within one year | 40/41 | €164,061 | €244,355 | +€80,294 | +48.9% |
| Trade receivables | 40 | €154,066 | €229,875 | +€75,809 | +49.2% |
| Other amounts receivable | 41 | €9,995 | €14,480 | +€4,485 | +44.9% |
| Cash at bank and in hand | 54/58 | €11,712 | €70,588 | +€58,877 | +502.7% |
| Deferred charges and accrued income | 490/1 | €20,112 | €38,641 | +€18,528 | +92.1% |
| Total equity and liabilities | 10/49 | €355,953 | €487,365 | +€131,412 | +36.9% |
| Equity | 10/15 | €160,102 | €218,925 | +€58,823 | +36.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,910 | €158,733 | +€58,823 | +58.9% |
| 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 | €98,050 | €156,873 | +€58,823 | +60.0% |
| Profit (loss) carried forward | 14 | €53,992 | €53,992 | = | 0.0% |
| Amounts payable | 17/49 | €195,852 | €268,441 | +€72,589 | +37.1% |
| Amounts payable after more than one year | 17 | €11,794 | - | -€11,794 | |
| Financial debts | 170/4 | €11,794 | - | -€11,794 | |
| Amounts payable within one year | 42/48 | €184,058 | €233,494 | +€49,436 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €23,717 | €16,032 | -€7,685 | -32.4% |
| Financial debts | 43 | €60 | €1,377 | +€1,317 | +2194.4% |
| Credit institutions | 430/8 | €60 | €1,377 | +€1,317 | +2194.4% |
| Trade debts | 44 | €134,996 | €189,983 | +€54,986 | +40.7% |
| Suppliers | 440/4 | €134,996 | €189,983 | +€54,986 | +40.7% |
| Taxes, remuneration and social security | 45 | €24,358 | €24,306 | -€52 | -0.2% |
| Taxes | 450/3 | €7,110 | €19,057 | +€11,947 | +168.0% |
| Remuneration and social security | 454/9 | €17,248 | €5,249 | -€11,999 | -69.6% |
| Other amounts payable | 47/48 | €927 | €1,796 | +€869 | +93.7% |
| Accrued charges and deferred income | 492/3 | - | €34,947 | +€34,947 | |
| Remuneration, social security and pensions | 62 | €41,355 | €40,099 | -€1,256 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,247 | €35,959 | -€2,288 | -6.0% |
| Other operating charges | 640/8 | €11,506 | €1,419 | -€10,087 | -87.7% |
| Gross operating margin | 9900 | €127,732 | €171,005 | +€43,273 | +33.9% |
| Operating profit (loss) | 9901 | €36,624 | €93,528 | +€56,904 | +155.4% |
| Financial income | 75/76B | €230 | €1,992 | +€1,762 | +765.1% |
| Recurring financial income | 75 | €230 | €1,992 | +€1,762 | +765.1% |
| Financial charges | 65/66B | €7,183 | €8,811 | +€1,628 | +22.7% |
| Recurring financial charges | 65 | €7,183 | €8,811 | +€1,628 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €29,672 | €86,710 | +€57,038 | +192.2% |
| Income taxes | 67/77 | €9,921 | €27,887 | +€17,966 | +181.1% |
| Profit (loss) for the period | 9904 | €19,750 | €58,823 | +€39,073 | +197.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,750 | €58,823 | +€39,073 | +197.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.