JTD-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.
JTD-Construct
Largest movements
- Stocks and contracts +€110,510
new in 2025: €110,510
- Cash +€11,481
up €11,481 (+47.8%), from €24,009 to €35,489
mainly Other debts (+€74,600) and Trade debts (+€57,995)
- Receivables within one year +€8,348
up €8,348 (+8.0%), from €104,775 to €113,123
of which Trade receivables: +€14,043
- Other debts +€74,600
new in 2025: €74,600
- Trade debts +€57,995
up €57,995 (+118%), from €49,346 to €107,341
- Tax, wage and social debts -€6,327
down €6,327 (-42.2%), from €14,986 to €8,659
of which Remuneration and social security: -€3,203
- Profit (loss) carried forward +€3,220
up €3,220 (+81.9%), from €3,934 to €7,155
- Staff costs +€67,337
up €67,337 (+35.7%), from €188,712 to €256,048
- Gross operating margin +€67,081
up €67,081 (+34.5%), from €194,650 to €261,731
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 | €131,277 | €260,766 | +€129,489 | +98.6% |
| Fixed assets | 21/28 | €2,493 | €1,643 | -€850 | -34.1% |
| Tangible fixed assets | 22/27 | €2,155 | €1,305 | -€850 | -39.4% |
| Plant, machinery and equipment | 23 | €2,155 | €1,305 | -€850 | -39.4% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €128,784 | €259,123 | +€130,339 | +101% |
| Stocks and contracts in progress | 3 | - | €110,510 | +€110,510 | |
| Contracts in progress | 37 | - | €110,510 | +€110,510 | |
| Amounts receivable within one year | 40/41 | €104,775 | €113,123 | +€8,348 | +8.0% |
| Trade receivables | 40 | €77,004 | €91,046 | +€14,043 | +18.2% |
| Other amounts receivable | 41 | €27,772 | €22,077 | -€5,695 | -20.5% |
| Cash at bank and in hand | 54/58 | €24,009 | €35,489 | +€11,481 | +47.8% |
| Total equity and liabilities | 10/49 | €131,277 | €260,766 | +€129,489 | +98.6% |
| Equity | 10/15 | €66,945 | €70,165 | +€3,220 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,010 | €53,010 | = | 0.0% |
| Distributable reserves | 133 | €53,010 | €53,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,934 | €7,155 | +€3,220 | +81.9% |
| Amounts payable | 17/49 | €64,332 | €190,601 | +€126,268 | +196% |
| Amounts payable within one year | 42/48 | €64,332 | €190,601 | +€126,268 | +196% |
| Trade debts | 44 | €49,346 | €107,341 | +€57,995 | +118% |
| Suppliers | 440/4 | €49,346 | €107,341 | +€57,995 | +118% |
| Taxes, remuneration and social security | 45 | €14,986 | €8,659 | -€6,327 | -42.2% |
| Taxes | 450/3 | €5,851 | €2,728 | -€3,123 | -53.4% |
| Remuneration and social security | 454/9 | €9,135 | €5,932 | -€3,203 | -35.1% |
| Other amounts payable | 47/48 | - | €74,600 | +€74,600 | |
| Remuneration, social security and pensions | 62 | €188,712 | €256,048 | +€67,337 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €850 | +€455 | +115% |
| Other operating charges | 640/8 | €175 | €400 | +€225 | +128% |
| Gross operating margin | 9900 | €194,650 | €261,731 | +€67,081 | +34.5% |
| Operating profit (loss) | 9901 | €5,368 | €4,432 | -€935 | -17.4% |
| Financial income | 75/76B | - | €651 | +€651 | |
| Recurring financial income | 75 | - | €651 | +€651 | |
| Financial charges | 65/66B | €181 | €137 | -€44 | -24.3% |
| Recurring financial charges | 65 | €181 | €137 | -€44 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €5,187 | €4,947 | -€240 | -4.6% |
| Income taxes | 67/77 | €1,252 | €1,726 | +€474 | +37.8% |
| Profit (loss) for the period | 9904 | €3,934 | €3,220 | -€714 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,934 | €3,220 | -€714 | -18.1% |
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 14 October 2026 via checked.be.