JR BUILD: 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.
JR BUILD
Largest movements
- Stocks and contracts +€61,066
up €61,066 (+239%), from €25,500 to €86,566
- Receivables within one year -€49,797
down €49,797 (-11.6%), from €428,494 to €378,697
of which Trade receivables: -€51,321
- Cash +€8,479
new in 2025: €8,479
mainly Other debts (+€71,715) and Receivables within one year (+€49,797)
- Profit (loss) carried forward -€78,627
new in 2025: -€78,627
- Other debts +€71,715
up €71,715 (+42.0%), from €170,554 to €242,269
- Debts after one year +€42,500
new in 2025: €42,500
- Accrued charges and deferred income -€36,417
no longer reported in 2025 (was €36,417)
- Trade debts +€20,376
up €20,376 (+113%), from €17,956 to €38,332
- Gross operating margin +€12,310
up €12,310 (+20.1%), from -€61,340 to -€49,030
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,739 | €546,525 | +€17,787 | +3.4% |
| Fixed assets | 21/28 | €73,293 | €70,301 | -€2,992 | -4.1% |
| Tangible fixed assets | 22/27 | €73,293 | €70,301 | -€2,992 | -4.1% |
| Plant, machinery and equipment | 23 | €26,564 | €40,825 | +€14,261 | +53.7% |
| Furniture and vehicles | 24 | €46,729 | €29,476 | -€17,254 | -36.9% |
| Current assets | 29/58 | €455,446 | €476,225 | +€20,779 | +4.6% |
| Stocks and contracts in progress | 3 | €25,500 | €86,566 | +€61,066 | +239% |
| Stocks | 30/36 | €25,500 | €86,566 | +€61,066 | +239% |
| Amounts receivable within one year | 40/41 | €428,494 | €378,697 | -€49,797 | -11.6% |
| Trade receivables | 40 | €327,062 | €275,741 | -€51,321 | -15.7% |
| Other amounts receivable | 41 | €101,432 | €102,955 | +€1,523 | +1.5% |
| Cash at bank and in hand | 54/58 | - | €8,479 | +€8,479 | |
| Deferred charges and accrued income | 490/1 | €1,452 | €2,483 | +€1,031 | +71.1% |
| Total equity and liabilities | 10/49 | €528,739 | €546,525 | +€17,787 | +3.4% |
| Equity | 10/15 | €301,193 | €222,566 | -€78,627 | -26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €282,593 | €282,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,110 | €65,110 | = | 0.0% |
| Distributable reserves | 133 | €217,484 | €217,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€78,627 | -€78,627 | |
| Amounts payable | 17/49 | €227,545 | €323,959 | +€96,414 | +42.4% |
| Amounts payable after more than one year | 17 | - | €42,500 | +€42,500 | |
| Financial debts | 170/4 | - | €42,500 | +€42,500 | |
| Amounts payable within one year | 42/48 | €191,128 | €281,459 | +€90,331 | +47.3% |
| Trade debts | 44 | €17,956 | €38,332 | +€20,376 | +113% |
| Suppliers | 440/4 | €17,956 | €38,332 | +€20,376 | +113% |
| Taxes, remuneration and social security | 45 | €2,618 | €858 | -€1,760 | -67.2% |
| Taxes | 450/3 | €2,618 | €858 | -€1,760 | -67.2% |
| Other amounts payable | 47/48 | €170,554 | €242,269 | +€71,715 | +42.0% |
| Accrued charges and deferred income | 492/3 | €36,417 | - | -€36,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,548 | €24,959 | +€412 | +1.7% |
| Other operating charges | 640/8 | €465 | €1,009 | +€544 | +117% |
| Gross operating margin | 9900 | -€61,340 | -€49,030 | +€12,310 | +20.1% |
| Operating profit (loss) | 9901 | -€86,353 | -€74,998 | +€11,354 | +13.1% |
| Financial charges | 65/66B | €3,637 | €3,163 | -€474 | -13.0% |
| Recurring financial charges | 65 | €3,637 | €3,163 | -€474 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€89,990 | -€78,161 | +€11,829 | +13.1% |
| Income taxes | 67/77 | €447 | €466 | +€19 | +4.2% |
| Profit (loss) for the period | 9904 | -€90,437 | -€78,627 | +€11,810 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,437 | -€78,627 | +€11,810 | +13.1% |
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 23 October 2026 via checked.be.