JPK 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.
JPK Construct
Largest movements
- Receivables within one year +€19,396
up €19,396 (+35.9%), from €54,023 to €73,419
of which Trade receivables: +€14,543
- Stocks and contracts +€16,247
new in 2025: €16,247
- Tangible fixed assets +€5,522
up €5,522 (+17.5%), from €31,526 to €37,048
of which Leasing and similar rights: +€15,458
- Cash -€5,171
no longer reported in 2025 (was €5,171)
mainly Receivables within one year (-€19,396) and Investment in fixed assets (net) (-€18,556)
- Trade debts +€27,792
up €27,792 (+84.9%), from €32,748 to €60,540
- Profit (loss) carried forward -€12,644
down €12,644 (-90.5%), from €13,975 to €1,331
- Short-term financial debts +€6,163
new in 2025: €6,163
- Other debts +€4,477
up €4,477 (+292.3%), from €1,532 to €6,009
- Tax, wage and social debts +€4,309
up €4,309 (+35.5%), from €12,127 to €16,436
of which Remuneration and social security: +€5,993
- Staff costs +€22,554
up €22,554 (+52.1%), from €43,323 to €65,877
- Gross operating margin -€10,949
down €10,949 (-12.2%), from €89,464 to €78,514
- Taxes -€9,463
down €9,463, from €7,588 to -€1,875
- Depreciation +€1,950
up €1,950 (+17.6%), from €11,085 to €13,034
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 | €91,233 | €127,019 | +€35,786 | +39.2% |
| Fixed assets | 21/28 | €31,831 | €37,353 | +€5,522 | +17.3% |
| Tangible fixed assets | 22/27 | €31,526 | €37,048 | +€5,522 | +17.5% |
| Plant, machinery and equipment | 23 | €3,246 | €2,933 | -€313 | -9.6% |
| Furniture and vehicles | 24 | €28,281 | €18,657 | -€9,624 | -34.0% |
| Leasing and similar rights | 25 | - | €15,458 | +€15,458 | |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €59,402 | €89,666 | +€30,264 | +50.9% |
| Stocks and contracts in progress | 3 | - | €16,247 | +€16,247 | |
| Contracts in progress | 37 | - | €16,247 | +€16,247 | |
| Amounts receivable within one year | 40/41 | €54,023 | €73,419 | +€19,396 | +35.9% |
| Trade receivables | 40 | €47,696 | €62,239 | +€14,543 | +30.5% |
| Other amounts receivable | 41 | €6,327 | €11,180 | +€4,853 | +76.7% |
| Cash at bank and in hand | 54/58 | €5,171 | - | -€5,171 | |
| Deferred charges and accrued income | 490/1 | €207 | - | -€207 | |
| Total equity and liabilities | 10/49 | €91,233 | €127,019 | +€35,786 | +39.2% |
| Equity | 10/15 | €15,975 | €3,331 | -€12,644 | -79.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,975 | €1,331 | -€12,644 | -90.5% |
| Amounts payable | 17/49 | €75,258 | €123,688 | +€48,431 | +64.4% |
| Amounts payable after more than one year | 17 | €22,156 | €25,285 | +€3,129 | +14.1% |
| Financial debts | 170/4 | €22,156 | €25,285 | +€3,129 | +14.1% |
| Amounts payable within one year | 42/48 | €53,102 | €98,403 | +€45,302 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €6,695 | €9,255 | +€2,560 | +38.2% |
| Financial debts | 43 | - | €6,163 | +€6,163 | |
| Credit institutions | 430/8 | - | €6,163 | +€6,163 | |
| Trade debts | 44 | €32,748 | €60,540 | +€27,792 | +84.9% |
| Suppliers | 440/4 | €32,748 | €60,540 | +€27,792 | +84.9% |
| Taxes, remuneration and social security | 45 | €12,127 | €16,436 | +€4,309 | +35.5% |
| Taxes | 450/3 | €9,183 | €7,499 | -€1,684 | -18.3% |
| Remuneration and social security | 454/9 | €2,944 | €8,937 | +€5,993 | +203.6% |
| Other amounts payable | 47/48 | €1,532 | €6,009 | +€4,477 | +292.3% |
| Remuneration, social security and pensions | 62 | €43,323 | €65,877 | +€22,554 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,085 | €13,034 | +€1,950 | +17.6% |
| Other operating charges | 640/8 | €727 | €1,199 | +€472 | +64.9% |
| Gross operating margin | 9900 | €89,464 | €78,514 | -€10,949 | -12.2% |
| Operating profit (loss) | 9901 | €34,329 | -€1,596 | -€35,925 | |
| Financial income | 75/76B | €414 | €1,049 | +€635 | +153.6% |
| Recurring financial income | 75 | €414 | €1,049 | +€635 | +153.6% |
| Financial charges | 65/66B | €3,874 | €3,972 | +€98 | +2.5% |
| Recurring financial charges | 65 | €3,874 | €3,972 | +€98 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €30,868 | -€4,520 | -€35,388 | |
| Income taxes | 67/77 | €7,588 | -€1,875 | -€9,463 | |
| Profit (loss) for the period | 9904 | €23,280 | -€2,644 | -€25,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,280 | -€2,644 | -€25,925 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.