JPL CONSTRUCTIONS: 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.
JPL CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€43,299
down €43,299 (-60.3%), from €71,842 to €28,542
of which Furniture and vehicles: -€40,476
- Receivables within one year -€14,939
down €14,939 (-5.4%), from €274,180 to €259,241
of which Trade receivables: -€19,461
- Current portion of long-term debt -€21,319
down €21,319 (-70.9%), from €30,073 to €8,754
- Short-term financial debts -€14,614
down €14,614 (-57.4%), from €25,448 to €10,834
- Trade debts -€12,979
down €12,979 (-11.4%), from €113,933 to €100,955
- Debts after one year -€8,754
down €8,754 (-26.3%), from €33,243 to €24,490
- Other debts -€7,011
down €7,011 (-10.2%), from €68,717 to €61,706
- Gross operating margin +€37,261
up €37,261 (+10.4%), from €357,669 to €394,930
- Staff costs +€13,088
up €13,088 (+4.2%), from €312,206 to €325,294
- Financial charges +€4,243
up €4,243 (+54.4%), from €7,807 to €12,050
- Depreciation +€4,207
up €4,207 (+10.8%), from €39,093 to €43,299
- Taxes +€4,039
up €4,039 (+1008.8%), from €400 to €4,439
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 | €627,810 | €567,741 | -€60,069 | -9.6% |
| Fixed assets | 21/28 | €73,302 | €30,002 | -€43,299 | -59.1% |
| Tangible fixed assets | 22/27 | €71,842 | €28,542 | -€43,299 | -60.3% |
| Plant, machinery and equipment | 23 | €3,263 | €439 | -€2,824 | -86.5% |
| Furniture and vehicles | 24 | €68,579 | €28,104 | -€40,476 | -59.0% |
| Financial fixed assets | 28 | €1,460 | €1,460 | = | 0.0% |
| Current assets | 29/58 | €554,508 | €537,739 | -€16,769 | -3.0% |
| Stocks and contracts in progress | 3 | €276,220 | €273,255 | -€2,965 | -1.1% |
| Stocks | 30/36 | €276,220 | €273,255 | -€2,965 | -1.1% |
| Amounts receivable within one year | 40/41 | €274,180 | €259,241 | -€14,939 | -5.4% |
| Trade receivables | 40 | €260,742 | €241,282 | -€19,461 | -7.5% |
| Other amounts receivable | 41 | €13,438 | €17,960 | +€4,522 | +33.6% |
| Cash at bank and in hand | 54/58 | €2,231 | €2,608 | +€377 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,635 | +€757 | +40.3% |
| Total equity and liabilities | 10/49 | €627,810 | €567,741 | -€60,069 | -9.6% |
| Equity | 10/15 | €208,068 | €209,049 | +€981 | +0.5% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €90,537 | €90,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,308 | €11,308 | = | 0.0% |
| Distributable reserves | 133 | €77,370 | €77,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,658 | €103,639 | +€981 | +1.0% |
| Amounts payable | 17/49 | €419,742 | €358,692 | -€61,049 | -14.5% |
| Amounts payable after more than one year | 17 | €33,243 | €24,490 | -€8,754 | -26.3% |
| Financial debts | 170/4 | €33,243 | €24,490 | -€8,754 | -26.3% |
| Amounts payable within one year | 42/48 | €386,498 | €334,203 | -€52,296 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €30,073 | €8,754 | -€21,319 | -70.9% |
| Financial debts | 43 | €25,448 | €10,834 | -€14,614 | -57.4% |
| Credit institutions | 430/8 | €25,448 | €10,834 | -€14,614 | -57.4% |
| Trade debts | 44 | €113,933 | €100,955 | -€12,979 | -11.4% |
| Suppliers | 440/4 | €113,933 | €100,955 | -€12,979 | -11.4% |
| Taxes, remuneration and social security | 45 | €148,327 | €151,955 | +€3,628 | +2.4% |
| Taxes | 450/3 | €76,502 | €51,211 | -€25,291 | -33.1% |
| Remuneration and social security | 454/9 | €71,825 | €100,744 | +€28,919 | +40.3% |
| Other amounts payable | 47/48 | €68,717 | €61,706 | -€7,011 | -10.2% |
| Remuneration, social security and pensions | 62 | €312,206 | €325,294 | +€13,088 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,093 | €43,299 | +€4,207 | +10.8% |
| Other operating charges | 640/8 | €5,248 | €8,954 | +€3,706 | +70.6% |
| Gross operating margin | 9900 | €357,669 | €394,930 | +€37,261 | +10.4% |
| Operating profit (loss) | 9901 | €1,124 | €17,383 | +€16,259 | +1447.1% |
| Financial income | 75/76B | €46 | €87 | +€41 | +89.3% |
| Recurring financial income | 75 | €46 | €87 | +€41 | +89.3% |
| Financial charges | 65/66B | €7,807 | €12,050 | +€4,243 | +54.4% |
| Recurring financial charges | 65 | €7,807 | €12,050 | +€4,243 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,637 | €5,420 | +€12,057 | |
| Income taxes | 67/77 | €400 | €4,439 | +€4,039 | +1008.8% |
| Profit (loss) for the period | 9904 | -€7,038 | €981 | +€8,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,038 | €981 | +€8,018 |
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.