JPD 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.
JPD Construct
Largest movements
- Cash +€20,517
up €20,517 (+11.5%), from €178,932 to €199,450
mainly Receivables within one year (+€12,632) and Net result for the year (+€10,710)
- Receivables within one year -€12,632
down €12,632 (-57.9%), from €21,823 to €9,191
of which Trade receivables: -€11,917
- Reserves +€10,710
up €10,710 (+5.9%), from €180,243 to €190,953
of which Distributable reserves: +€10,710
- Trade debts -€3,517
down €3,517 (-70.2%), from €5,012 to €1,495
- Gross operating margin -€21,992
down €21,992 (-51.4%), from €42,765 to €20,774
- Taxes -€5,847
down €5,847 (-51.5%), from €11,357 to €5,510
- Financial income +€770
up €770 (+92.6%), from €831 to €1,601
- Other operating charges +€433
up €433 (+56.1%), from €772 to €1,205
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 | €212,975 | €220,952 | +€7,977 | +3.7% |
| Fixed assets | 21/28 | €11,108 | €11,472 | +€364 | +3.3% |
| Tangible fixed assets | 22/27 | €11,108 | €11,472 | +€364 | +3.3% |
| Plant, machinery and equipment | 23 | €4,218 | €2,905 | -€1,313 | -31.1% |
| Furniture and vehicles | 24 | €6,890 | €8,567 | +€1,676 | +24.3% |
| Current assets | 29/58 | €201,867 | €209,481 | +€7,613 | +3.8% |
| Amounts receivable within one year | 40/41 | €21,823 | €9,191 | -€12,632 | -57.9% |
| Trade receivables | 40 | €20,828 | €8,911 | -€11,917 | -57.2% |
| Other amounts receivable | 41 | €995 | €280 | -€715 | -71.8% |
| Cash at bank and in hand | 54/58 | €178,932 | €199,450 | +€20,517 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,112 | €840 | -€272 | -24.5% |
| Total equity and liabilities | 10/49 | €212,975 | €220,952 | +€7,977 | +3.7% |
| Equity | 10/15 | €205,243 | €215,953 | +€10,710 | +5.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €180,243 | €190,953 | +€10,710 | +5.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €177,743 | €188,453 | +€10,710 | +6.0% |
| Amounts payable | 17/49 | €7,732 | €4,999 | -€2,733 | -35.3% |
| Amounts payable within one year | 42/48 | €6,369 | €3,977 | -€2,392 | -37.6% |
| Trade debts | 44 | €5,012 | €1,495 | -€3,517 | -70.2% |
| Suppliers | 440/4 | €5,012 | €1,495 | -€3,517 | -70.2% |
| Taxes, remuneration and social security | 45 | €1,357 | €2,482 | +€1,126 | +83.0% |
| Taxes | 450/3 | €1,357 | €2,482 | +€1,126 | +83.0% |
| Accrued charges and deferred income | 492/3 | €1,363 | €1,022 | -€341 | -25.0% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,708 | €4,902 | +€194 | +4.1% |
| Other operating charges | 640/8 | €772 | €1,205 | +€433 | +56.1% |
| Gross operating margin | 9900 | €42,765 | €20,774 | -€21,992 | -51.4% |
| Operating profit (loss) | 9901 | €37,286 | €14,667 | -€22,619 | -60.7% |
| Financial income | 75/76B | €831 | €1,601 | +€770 | +92.6% |
| Recurring financial income | 75 | €831 | €1,601 | +€770 | +92.6% |
| Financial charges | 65/66B | €139 | €49 | -€91 | -65.1% |
| Recurring financial charges | 65 | €139 | €49 | -€91 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €37,978 | €16,220 | -€21,758 | -57.3% |
| Income taxes | 67/77 | €11,357 | €5,510 | -€5,847 | -51.5% |
| Profit (loss) for the period | 9904 | €26,621 | €10,710 | -€15,911 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,621 | €10,710 | -€15,911 | -59.8% |
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 29 September 2026 via checked.be.