JOSES 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.
What changed
JOSES CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€620,095
2024 · €603,471+€16,624
Equity
€1.9m
2024 · €1.3m+€620,095
Cash
€1.4m
2024 · €636,201+€795,150
Balance sheet total
€4.3m
2024 · €2.7m+€1.6m
Largest movements
Assets
- Receivables within one year +€844,883
up €844,883 (+43.1%), from €2.0m to €2.8m
of which Trade receivables: +€802,865
- Cash +€795,150
up €795,150 (+125%), from €636,201 to €1.4m
mainly Net result for the year (+€620,095) and Trade debts (+€613,088)
- Deferred charges and accrued income -€57,870
down €57,870 (-95.1%), from €60,856 to €2,985
Equity and liabilities
- Profit (loss) carried forward +€620,095
up €620,095 (+56.3%), from €1.1m to €1.7m
- Trade debts +€613,088
up €613,088 (+133%), from €461,820 to €1.1m
- Accrued charges and deferred income +€411,372
up €411,372 (+82.8%), from €496,858 to €908,230
- Other debts -€109,604
down €109,604 (-41.6%), from €263,582 to €153,978
Income statement
- Turnover +€12.0m
new in 2025: €12.0m
- Goods and materials +€7.4m
new in 2025: €7.4m
- Gross operating margin -€5.2m
no longer reported in 2025 (was €5.2m)
- Staff costs -€1.0m
down €1.0m (-23.5%), from €4.4m to €3.3m
- Services and other goods +€653,417
new in 2025: €653,417
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.
Result 2024
€603,471
Turnover
+€12.0m
Other operating income
+€208,658
Goods and materials
-€7.4m
Services and other goods
-€653,417
Staff costs
+€1.0m
Other operating charges
-€6,908
Other operating items
-€5.2m
Financial income
-€6
Financial charges
-€2,159
Taxes
-€1,888
Result 2025
€620,095
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€789,205
Investment
+€6,000
Financing
-€55
Cash 2024
€636,201
From operations (derived)
+€789,205
Net result for the year
+€620,095
Depreciation
+€2,460
Receivables within one year
-€844,883
Deferred charges and accrued income
+€57,870
Trade debts
+€613,088
Tax, wage and social debts
+€38,808
Other debts
-€109,604
Accrued charges and deferred income
+€411,372
Investment (derived)
+€6,000
Investment in fixed assets (net)
+€6,000
Financing
-€55
Short-term financial debts
-€55
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,714,386 | €4,288,089 | +€1.6m | +58.0% |
| Fixed assets | 21/28 | €56,137 | €47,677 | -€8,460 | -15.1% |
| Tangible fixed assets | 22/27 | €4,095 | €1,635 | -€2,460 | -60.1% |
| Furniture and vehicles | 24 | €4,095 | €1,635 | -€2,460 | -60.1% |
| Financial fixed assets | 28 | €52,041 | €46,041 | -€6,000 | -11.5% |
| Other financial fixed assets | 284/8 | - | €46,041 | +€46,041 | |
| Amounts receivable and cash guarantees | 285/8 | - | €46,041 | +€46,041 | |
| Current assets | 29/58 | €2,658,250 | €4,240,412 | +€1.6m | +59.5% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,961,193 | €2,806,076 | +€844,883 | +43.1% |
| Trade receivables | 40 | €1,957,592 | €2,760,457 | +€802,865 | +41.0% |
| Other amounts receivable | 41 | €3,601 | €45,619 | +€42,019 | +1,167% |
| Cash at bank and in hand | 54/58 | €636,201 | €1,431,351 | +€795,150 | +125% |
| Deferred charges and accrued income | 490/1 | €60,856 | €2,985 | -€57,870 | -95.1% |
| Total equity and liabilities | 10/49 | €2,714,386 | €4,288,089 | +€1.6m | +58.0% |
| Equity | 10/15 | €1,266,398 | €1,886,492 | +€620,095 | +49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,436 | €146,436 | = | 0.0% |
| Distributable reserves | 133 | €146,436 | €146,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,101,362 | €1,721,456 | +€620,095 | +56.3% |
| Amounts payable | 17/49 | €1,447,988 | €2,401,597 | +€953,608 | +65.9% |
| Amounts payable within one year | 42/48 | €951,130 | €1,493,367 | +€542,237 | +57.0% |
| Financial debts | 43 | €14,870 | €14,815 | -€55 | -0.4% |
| Credit institutions | 430/8 | €14,870 | €14,815 | -€55 | -0.4% |
| Trade debts | 44 | €461,820 | €1,074,908 | +€613,088 | +133% |
| Suppliers | 440/4 | €461,820 | €1,074,908 | +€613,088 | +133% |
| Taxes, remuneration and social security | 45 | €210,858 | €249,666 | +€38,808 | +18.4% |
| Taxes | 450/3 | €25,675 | €30,756 | +€5,081 | +19.8% |
| Remuneration and social security | 454/9 | €185,183 | €218,910 | +€33,726 | +18.2% |
| Other amounts payable | 47/48 | €263,582 | €153,978 | -€109,604 | -41.6% |
| Accrued charges and deferred income | 492/3 | €496,858 | €908,230 | +€411,372 | +82.8% |
| Operating income | 70/76A | - | €12,241,765 | +€12.2m | |
| Turnover | 70 | - | €12,033,107 | +€12.0m | |
| Other operating income | 74 | - | €208,658 | +€208,658 | |
| Operating charges | 60/66A | - | €11,372,997 | +€11.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €7,371,785 | +€7.4m | |
| Purchases | 600/8 | - | €7,371,785 | +€7.4m | |
| Services and other goods | 61 | - | €653,417 | +€653,417 | |
| Remuneration, social security and pensions | 62 | €4,361,018 | €3,335,625 | -€1.0m | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,460 | €2,460 | = | 0.0% |
| Other operating charges | 640/8 | €2,177 | €9,085 | +€6,908 | +317% |
| Non-recurring operating charges | 66A | €500 | €625 | +€125 | +25.0% |
| Gross operating margin | 9900 | €5,214,246 | - | -€5.2m | |
| Operating profit (loss) | 9901 | €848,091 | €868,768 | +€20,677 | +2.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €883 | €3,041 | +€2,159 | +245% |
| Recurring financial charges | 65 | €883 | €3,041 | +€2,159 | +245% |
| Debt charges | 650 | - | €2,578 | +€2,578 | |
| Other financial charges | 652/9 | - | €464 | +€464 | |
| Profit (loss) for the period before taxes | 9903 | €847,215 | €865,727 | +€18,512 | +2.2% |
| Income taxes | 67/77 | €243,744 | €245,633 | +€1,888 | +0.8% |
| Taxes | 670/3 | - | €247,625 | +€247,625 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,992 | +€1,992 | |
| Profit (loss) for the period | 9904 | €603,471 | €620,095 | +€16,624 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €603,471 | €620,095 | +€16,624 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.