JRN-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.
JRN-CONSTRUCT
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+172.0%), from €731,123 to €2.0m
of which Contracts in progress: +€1.1m
- Receivables within one year +€346,168
up €346,168 (+11.6%), from €3.0m to €3.3m
of which Other amounts receivable: +€274,811
- Cash +€221,980
up €221,980 (+60.8%), from €365,170 to €587,149
mainly Short-term financial debts (+€1.0m) and Accrued charges and deferred income (+€756,633)
- Short-term financial debts +€1.0m
up €1.0m (+1610.1%), from €63,388 to €1.1m
- Accrued charges and deferred income +€756,633
up €756,633 (+298.2%), from €253,728 to €1.0m
- Other debts -€275,000
down €275,000 (-100.0%), from €275,000 to €0
- Trade debts +€248,213
up €248,213 (+11.5%), from €2.2m to €2.4m
- Reserves +€106,500
up €106,500 (+6.3%), from €1.7m to €1.8m
- Gross operating margin -€1.1m
down €1.1m (-31.2%), from €3.6m to €2.5m
- Taxes -€325,001
down €325,001 (-84.4%), from €384,895 to €59,893
- Staff costs +€217,371
up €217,371 (+12.0%), from €1.8m to €2.0m
- Other operating charges -€73,372
down €73,372 (-69.7%), from €105,258 to €31,885
- Financial income -€38,552
down €38,552 (-76.5%), from €50,386 to €11,834
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 | €4,967,868 | €6,800,637 | +€1.8m | +36.9% |
| Fixed assets | 21/28 | €806,881 | €784,375 | -€22,505 | -2.8% |
| Intangible fixed assets | 21 | €113,844 | €56,844 | -€57,000 | -50.1% |
| Tangible fixed assets | 22/27 | €667,181 | €701,676 | +€34,495 | +5.2% |
| Plant, machinery and equipment | 23 | €198,883 | €229,670 | +€30,787 | +15.5% |
| Furniture and vehicles | 24 | €123,888 | €81,448 | -€42,440 | -34.3% |
| Other tangible fixed assets | 26 | €344,410 | €390,558 | +€46,148 | +13.4% |
| Financial fixed assets | 28 | €25,855 | €25,855 | = | 0.0% |
| Current assets | 29/58 | €4,160,988 | €6,016,262 | +€1.9m | +44.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €731,123 | €1,988,759 | +€1.3m | +172.0% |
| Stocks | 30/36 | €425,307 | €617,586 | +€192,279 | +45.2% |
| Contracts in progress | 37 | €305,816 | €1,371,173 | +€1.1m | +348.4% |
| Amounts receivable within one year | 40/41 | €2,974,059 | €3,320,227 | +€346,168 | +11.6% |
| Trade receivables | 40 | €2,704,453 | €2,775,810 | +€71,357 | +2.6% |
| Other amounts receivable | 41 | €269,606 | €544,417 | +€274,811 | +101.9% |
| Cash at bank and in hand | 54/58 | €365,170 | €587,149 | +€221,980 | +60.8% |
| Deferred charges and accrued income | 490/1 | €90,635 | €120,127 | +€29,491 | +32.5% |
| Total equity and liabilities | 10/49 | €4,967,868 | €6,800,637 | +€1.8m | +36.9% |
| Equity | 10/15 | €1,865,338 | €1,956,567 | +€91,230 | +4.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,700,000 | €1,806,500 | +€106,500 | +6.3% |
| Distributable reserves | 133 | €1,700,000 | €1,806,500 | +€106,500 | +6.3% |
| Profit (loss) carried forward | 14 | €15,338 | €67 | -€15,270 | -99.6% |
| Amounts payable | 17/49 | €3,102,531 | €4,844,070 | +€1.7m | +56.1% |
| Amounts payable after more than one year | 17 | €43,864 | €24,921 | -€18,943 | -43.2% |
| Financial debts | 170/4 | €43,864 | €24,921 | -€18,943 | -43.2% |
| Amounts payable within one year | 42/48 | €2,804,939 | €3,808,787 | +€1.0m | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €18,101 | €18,943 | +€841 | +4.6% |
| Financial debts | 43 | €63,388 | €1,084,003 | +€1.0m | +1610.1% |
| Credit institutions | 430/8 | €63,388 | €1,084,003 | +€1.0m | +1610.1% |
| Trade debts | 44 | €2,151,712 | €2,399,925 | +€248,213 | +11.5% |
| Suppliers | 440/4 | €2,151,712 | €2,399,925 | +€248,213 | +11.5% |
| Taxes, remuneration and social security | 45 | €296,738 | €305,917 | +€9,179 | +3.1% |
| Taxes | 450/3 | €84,596 | €85,727 | +€1,131 | +1.3% |
| Remuneration and social security | 454/9 | €212,141 | €220,190 | +€8,048 | +3.8% |
| Other amounts payable | 47/48 | €275,000 | €0 | -€275,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €253,728 | €1,010,362 | +€756,633 | +298.2% |
| Non-recurring operating income | 76A | €856 | €0 | -€856 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,806,653 | €2,024,025 | +€217,371 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,169 | €207,102 | -€1,067 | -0.5% |
| Other operating charges | 640/8 | €105,258 | €31,885 | -€73,372 | -69.7% |
| Non-recurring operating charges | 66A | - | €6,836 | +€6,836 | |
| Gross operating margin | 9900 | €3,596,420 | €2,473,929 | -€1.1m | -31.2% |
| Operating profit (loss) | 9901 | €1,476,340 | €204,081 | -€1.3m | -86.2% |
| Financial income | 75/76B | €50,386 | €11,834 | -€38,552 | -76.5% |
| Recurring financial income | 75 | €50,386 | €11,834 | -€38,552 | -76.5% |
| Financial charges | 65/66B | €71,473 | €64,791 | -€6,682 | -9.3% |
| Recurring financial charges | 65 | €71,473 | €64,791 | -€6,682 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €1,455,253 | €151,123 | -€1.3m | -89.6% |
| Income taxes | 67/77 | €384,895 | €59,893 | -€325,001 | -84.4% |
| Profit (loss) for the period | 9904 | €1,070,358 | €91,230 | -€979,128 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,070,358 | €91,230 | -€979,128 | -91.5% |
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 10 October 2026 via checked.be.