JR PANEL BUILDING: 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 PANEL BUILDING
Largest movements
- Tangible fixed assets +€422,227
up €422,227 (+44.5%), from €949,657 to €1.4m
of which Land and buildings: +€374,322
- Stocks and contracts +€166,251
up €166,251 (+603%), from €27,574 to €193,825
of which Stocks: +€156,251
- Receivables within one year -€155,637
down €155,637 (-25.1%), from €619,592 to €463,955
of which Other amounts receivable: -€131,100
- Cash +€117,465
up €117,465 (+141%), from €83,554 to €201,019
mainly Net result for the year (+€555,506) and Debts after one year (+€176,297)
- Reserves +€505,506
up €505,506 (+108%), from €470,092 to €975,598
- Debts after one year +€176,297
up €176,297 (+25.7%), from €686,987 to €863,284
- Short-term financial debts -€115,236
no longer reported in 2025 (was €115,236)
- Current portion of long-term debt +€97,470
new in 2025: €97,470
- Trade debts -€92,676
down €92,676 (-32.2%), from €287,419 to €194,743
- Gross operating margin +€267,797
up €267,797 (+38.7%), from €691,933 to €959,730
- Depreciation +€64,701
up €64,701 (+189%), from €34,278 to €98,979
- Taxes +€36,148
up €36,148 (+25.4%), from €142,250 to €178,398
- Financial charges +€24,276
up €24,276 (+348%), from €6,978 to €31,254
- Staff costs +€24,240
up €24,240 (+33.8%), from €71,666 to €95,906
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 | €1,689,756 | €2,248,911 | +€559,156 | +33.1% |
| Fixed assets | 21/28 | €957,029 | €1,376,256 | +€419,227 | +43.8% |
| Intangible fixed assets | 21 | €7,373 | €4,373 | -€3,000 | -40.7% |
| Tangible fixed assets | 22/27 | €949,657 | €1,371,883 | +€422,227 | +44.5% |
| Land and buildings | 22 | €769,622 | €1,143,944 | +€374,322 | +48.6% |
| Plant, machinery and equipment | 23 | €18,722 | €85,347 | +€66,625 | +356% |
| Furniture and vehicles | 24 | €161,313 | €142,593 | -€18,720 | -11.6% |
| Current assets | 29/58 | €732,727 | €872,656 | +€139,929 | +19.1% |
| Stocks and contracts in progress | 3 | €27,574 | €193,825 | +€166,251 | +603% |
| Stocks | 30/36 | €27,574 | €183,825 | +€156,251 | +567% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €619,592 | €463,955 | -€155,637 | -25.1% |
| Trade receivables | 40 | €486,804 | €462,267 | -€24,537 | -5.0% |
| Other amounts receivable | 41 | €132,789 | €1,689 | -€131,100 | -98.7% |
| Cash at bank and in hand | 54/58 | €83,554 | €201,019 | +€117,465 | +141% |
| Deferred charges and accrued income | 490/1 | €2,007 | €13,857 | +€11,850 | +591% |
| Total equity and liabilities | 10/49 | €1,689,756 | €2,248,911 | +€559,156 | +33.1% |
| Equity | 10/15 | €472,092 | €977,598 | +€505,506 | +107% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €470,092 | €975,598 | +€505,506 | +108% |
| Distributable reserves | 133 | €470,092 | €975,598 | +€505,506 | +108% |
| Amounts payable | 17/49 | €1,217,664 | €1,271,313 | +€53,650 | +4.4% |
| Amounts payable after more than one year | 17 | €686,987 | €863,284 | +€176,297 | +25.7% |
| Financial debts | 170/4 | €686,987 | €863,284 | +€176,297 | +25.7% |
| Amounts payable within one year | 42/48 | €530,677 | €408,029 | -€122,648 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | - | €97,470 | +€97,470 | |
| Financial debts | 43 | €115,236 | - | -€115,236 | |
| Other loans | 439 | €115,236 | - | -€115,236 | |
| Trade debts | 44 | €287,419 | €194,743 | -€92,676 | -32.2% |
| Suppliers | 440/4 | €287,419 | €194,743 | -€92,676 | -32.2% |
| Taxes, remuneration and social security | 45 | €43,022 | €80,634 | +€37,612 | +87.4% |
| Taxes | 450/3 | €39,838 | €78,219 | +€38,381 | +96.3% |
| Remuneration and social security | 454/9 | €3,184 | €2,416 | -€769 | -24.1% |
| Other amounts payable | 47/48 | €85,000 | €35,182 | -€49,818 | -58.6% |
| Remuneration, social security and pensions | 62 | €71,666 | €95,906 | +€24,240 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,278 | €98,979 | +€64,701 | +189% |
| Other operating charges | 640/8 | €243 | €1,268 | +€1,025 | +422% |
| Gross operating margin | 9900 | €691,933 | €959,730 | +€267,797 | +38.7% |
| Operating profit (loss) | 9901 | €585,746 | €763,576 | +€177,830 | +30.4% |
| Financial income | 75/76B | €2,043 | €1,581 | -€462 | -22.6% |
| Recurring financial income | 75 | €2,043 | €1,581 | -€462 | -22.6% |
| Financial charges | 65/66B | €6,978 | €31,254 | +€24,276 | +348% |
| Recurring financial charges | 65 | €6,978 | €31,254 | +€24,276 | +348% |
| Profit (loss) for the period before taxes | 9903 | €580,811 | €733,904 | +€153,093 | +26.4% |
| Income taxes | 67/77 | €142,250 | €178,398 | +€36,148 | +25.4% |
| Profit (loss) for the period | 9904 | €438,561 | €555,506 | +€116,945 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €438,561 | €555,506 | +€116,945 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.