JSZ 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.
JSZ CONSTRUCT
Largest movements
- Cash -€37,846
down €37,846 (-69.0%), from €54,857 to €17,011
mainly Investment in fixed assets (net) (-€31,737) and Net result for the year (-€26,987)
- Tangible fixed assets +€21,583
up €21,583 (+152.5%), from €14,155 to €35,738
of which Furniture and vehicles: +€21,144
- Receivables within one year -€1,064
down €1,064 (-3.1%), from €33,852 to €32,788
of which Other amounts receivable: -€10,876
- Profit (loss) carried forward -€26,987
down €26,987 (-64.6%), from €41,752 to €14,765
- Debts after one year +€11,089
new in 2025: €11,089
- Trade debts -€3,151
down €3,151 (-30.0%), from €10,495 to €7,344
- Current portion of long-term debt +€2,809
new in 2025: €2,809
- Tax, wage and social debts -€1,352
down €1,352 (-11.5%), from €11,799 to €10,447
- Gross operating margin -€57,543
down €57,543, from €42,328 to -€15,215
- Taxes -€10,447
no longer reported in 2025 (was €10,447)
- Depreciation +€3,119
up €3,119 (+44.3%), from €7,035 to €10,154
- Other operating charges -€2,224
down €2,224 (-71.1%), from €3,127 to €903
- Write-downs -€2,100
no longer reported in 2025 (was €2,100)
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 | €104,419 | €86,826 | -€17,593 | -16.8% |
| Fixed assets | 21/28 | €14,855 | €36,438 | +€21,583 | +145.3% |
| Tangible fixed assets | 22/27 | €14,155 | €35,738 | +€21,583 | +152.5% |
| Plant, machinery and equipment | 23 | €3,612 | €4,052 | +€440 | +12.2% |
| Furniture and vehicles | 24 | €10,542 | €31,686 | +€21,144 | +200.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €89,564 | €50,388 | -€39,176 | -43.7% |
| Amounts receivable within one year | 40/41 | €33,852 | €32,788 | -€1,064 | -3.1% |
| Trade receivables | 40 | €18,059 | €27,872 | +€9,813 | +54.3% |
| Other amounts receivable | 41 | €15,792 | €4,916 | -€10,876 | -68.9% |
| Cash at bank and in hand | 54/58 | €54,857 | €17,011 | -€37,846 | -69.0% |
| Deferred charges and accrued income | 490/1 | €856 | €589 | -€267 | -31.2% |
| Total equity and liabilities | 10/49 | €104,419 | €86,826 | -€17,593 | -16.8% |
| Equity | 10/15 | €82,125 | €55,137 | -€26,988 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,772 | €21,772 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,912 | €19,912 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €41,752 | €14,765 | -€26,987 | -64.6% |
| Amounts payable | 17/49 | €22,294 | €31,689 | +€9,395 | +42.1% |
| Amounts payable after more than one year | 17 | - | €11,089 | +€11,089 | |
| Financial debts | 170/4 | - | €11,089 | +€11,089 | |
| Amounts payable within one year | 42/48 | €22,294 | €20,600 | -€1,694 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,809 | +€2,809 | |
| Trade debts | 44 | €10,495 | €7,344 | -€3,151 | -30.0% |
| Suppliers | 440/4 | €10,495 | €7,344 | -€3,151 | -30.0% |
| Taxes, remuneration and social security | 45 | €11,799 | €10,447 | -€1,352 | -11.5% |
| Taxes | 450/3 | €11,799 | €10,447 | -€1,352 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,035 | €10,154 | +€3,119 | +44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,100 | - | -€2,100 | |
| Other operating charges | 640/8 | €3,127 | €903 | -€2,224 | -71.1% |
| Gross operating margin | 9900 | €42,328 | -€15,215 | -€57,543 | |
| Operating profit (loss) | 9901 | €30,066 | -€26,272 | -€56,338 | |
| Financial income | 75/76B | €823 | €96 | -€727 | -88.3% |
| Recurring financial income | 75 | €823 | €96 | -€727 | -88.3% |
| Financial charges | 65/66B | €529 | €811 | +€282 | +53.3% |
| Recurring financial charges | 65 | €529 | €811 | +€282 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €30,360 | -€26,987 | -€57,347 | |
| Income taxes | 67/77 | €10,447 | - | -€10,447 | |
| Profit (loss) for the period | 9904 | €19,912 | -€26,987 | -€46,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,912 | -€26,987 | -€46,899 |
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.