JPM CONSTRUCTION: 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.
JPM CONSTRUCTION
Largest movements
- Receivables within one year +€43,208
up €43,208 (+63.8%), from €67,744 to €110,952
of which Trade receivables: +€41,160
- Tangible fixed assets -€28,960
down €28,960 (-27.5%), from €105,325 to €76,365
of which Leasing and similar rights: -€14,640
- Stocks and contracts -€23,750
no longer reported in 2025 (was €23,750)
- Cash +€6,935
up €6,935 (+123.2%), from €5,631 to €12,566
mainly Other debts (+€44,118) and Depreciation (+€35,256)
- Debts after one year -€78,012
down €78,012 (-81.2%), from €96,111 to €18,099
- Other debts +€44,118
up €44,118 (+3554.7%), from €1,241 to €45,359
- Profit (loss) carried forward +€19,201
up €19,201 (+35.3%), from €54,434 to €73,635
- Tax, wage and social debts +€10,493
up €10,493 (+196.6%), from €5,336 to €15,829
of which Taxes: +€9,793
- Accrued charges and deferred income +€3,605
up €3,605 (+15057.1%), from €24 to €3,629
- Gross operating margin +€27,651
up €27,651 (+66.6%), from €41,521 to €69,172
- Taxes +€4,527
up €4,527 (+1503.8%), from €301 to €4,828
- Financial charges -€1,073
down €1,073 (-17.6%), from €6,093 to €5,020
- Other operating charges +€1,033
up €1,033 (+26.8%), from €3,851 to €4,884
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 | €206,080 | €201,494 | -€4,585 | -2.2% |
| Fixed assets | 21/28 | €105,325 | €76,365 | -€28,960 | -27.5% |
| Tangible fixed assets | 22/27 | €105,325 | €76,365 | -€28,960 | -27.5% |
| Land and buildings | 22 | €13,853 | €13,354 | -€499 | -3.6% |
| Plant, machinery and equipment | 23 | €21,033 | €19,131 | -€1,902 | -9.0% |
| Furniture and vehicles | 24 | €29,313 | €17,394 | -€11,918 | -40.7% |
| Leasing and similar rights | 25 | €41,126 | €26,486 | -€14,640 | -35.6% |
| Current assets | 29/58 | €100,755 | €125,129 | +€24,375 | +24.2% |
| Stocks and contracts in progress | 3 | €23,750 | - | -€23,750 | |
| Contracts in progress | 37 | €23,750 | - | -€23,750 | |
| Amounts receivable within one year | 40/41 | €67,744 | €110,952 | +€43,208 | +63.8% |
| Trade receivables | 40 | €51,987 | €93,146 | +€41,160 | +79.2% |
| Other amounts receivable | 41 | €15,757 | €17,805 | +€2,048 | +13.0% |
| Cash at bank and in hand | 54/58 | €5,631 | €12,566 | +€6,935 | +123.2% |
| Deferred charges and accrued income | 490/1 | €3,630 | €1,612 | -€2,018 | -55.6% |
| Total equity and liabilities | 10/49 | €206,080 | €201,494 | -€4,585 | -2.2% |
| Equity | 10/15 | €56,934 | €76,135 | +€19,201 | +33.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,434 | €73,635 | +€19,201 | +35.3% |
| Amounts payable | 17/49 | €149,145 | €125,359 | -€23,786 | -15.9% |
| Amounts payable after more than one year | 17 | €96,111 | €18,099 | -€78,012 | -81.2% |
| Financial debts | 170/4 | €96,111 | €18,099 | -€78,012 | -81.2% |
| Amounts payable within one year | 42/48 | €53,011 | €103,631 | +€50,620 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €30,704 | €28,012 | -€2,692 | -8.8% |
| Financial debts | 43 | €545 | - | -€545 | |
| Credit institutions | 430/8 | €545 | - | -€545 | |
| Trade debts | 44 | €15,184 | €14,431 | -€753 | -5.0% |
| Suppliers | 440/4 | €15,184 | €14,431 | -€753 | -5.0% |
| Taxes, remuneration and social security | 45 | €5,336 | €15,829 | +€10,493 | +196.6% |
| Taxes | 450/3 | €1,736 | €11,529 | +€9,793 | +564.1% |
| Remuneration and social security | 454/9 | €3,600 | €4,300 | +€700 | +19.4% |
| Other amounts payable | 47/48 | €1,241 | €45,359 | +€44,118 | +3554.7% |
| Accrued charges and deferred income | 492/3 | €24 | €3,629 | +€3,605 | +15057.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,845 | €35,256 | -€589 | -1.6% |
| Other operating charges | 640/8 | €3,851 | €4,884 | +€1,033 | +26.8% |
| Gross operating margin | 9900 | €41,521 | €69,172 | +€27,651 | +66.6% |
| Operating profit (loss) | 9901 | €1,825 | €29,032 | +€27,206 | +1490.5% |
| Financial income | 75/76B | €50 | €18 | -€32 | -63.6% |
| Recurring financial income | 75 | €50 | €18 | -€32 | -63.6% |
| Financial charges | 65/66B | €6,093 | €5,020 | -€1,073 | -17.6% |
| Recurring financial charges | 65 | €6,093 | €5,020 | -€1,073 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,218 | €24,030 | +€28,248 | |
| Income taxes | 67/77 | €301 | €4,828 | +€4,527 | +1503.8% |
| Profit (loss) for the period | 9904 | -€4,519 | €19,201 | +€23,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,519 | €19,201 | +€23,720 |
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 6 October 2026 via checked.be.