JV CONSTRUCT TEAM: 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.
JV CONSTRUCT TEAM
Largest movements
- Tangible fixed assets +€5,240
up €5,240 (+111%), from €4,731 to €9,971
of which Furniture and vehicles: +€5,240
- Cash +€3,952
up €3,952 (+1,460%), from €271 to €4,223
mainly Net result for the year (+€14,350) and Trade debts (+€6,469)
- Trade debts +€6,469
up €6,469 (+146%), from €4,425 to €10,894
- Tax, wage and social debts +€4,027
up €4,027 (+38.8%), from €10,376 to €14,403
- Short-term financial debts -€1,124
no longer reported in 2025 (was €1,124)
- Write-downs -€21,000
no longer reported in 2025 (was €21,000)
- Gross operating margin -€11,649
down €11,649 (-32.8%), from €35,498 to €23,849
- Taxes +€2,086
up €2,086 (+59.3%), from €3,514 to €5,600
- Depreciation +€1,346
up €1,346 (+90.4%), from €1,490 to €2,836
- Financial income +€664
up €664 (+92,260%), from €1 to €665
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 | €60,333 | €69,287 | +€8,954 | +14.8% |
| Fixed assets | 21/28 | €5,131 | €10,371 | +€5,240 | +102% |
| Tangible fixed assets | 22/27 | €4,731 | €9,971 | +€5,240 | +111% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,731 | €9,971 | +€5,240 | +111% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €55,202 | €58,916 | +€3,714 | +6.7% |
| Amounts receivable within one year | 40/41 | €54,931 | €54,693 | -€238 | -0.4% |
| Trade receivables | 40 | €54,076 | €39,481 | -€14,594 | -27.0% |
| Other amounts receivable | 41 | €856 | €15,212 | +€14,356 | +1,678% |
| Cash at bank and in hand | 54/58 | €271 | €4,223 | +€3,952 | +1,460% |
| Total equity and liabilities | 10/49 | €60,333 | €69,287 | +€8,954 | +14.8% |
| Equity | 10/15 | €44,140 | €43,990 | -€150 | -0.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,080 | €35,930 | -€150 | -0.4% |
| Amounts payable | 17/49 | €16,193 | €25,297 | +€9,104 | +56.2% |
| Amounts payable within one year | 42/48 | €16,193 | €25,297 | +€9,104 | +56.2% |
| Financial debts | 43 | €1,124 | - | -€1,124 | |
| Credit institutions | 430/8 | €1,124 | - | -€1,124 | |
| Trade debts | 44 | €4,425 | €10,894 | +€6,469 | +146% |
| Suppliers | 440/4 | €4,425 | €10,894 | +€6,469 | +146% |
| Taxes, remuneration and social security | 45 | €10,376 | €14,403 | +€4,027 | +38.8% |
| Taxes | 450/3 | €10,376 | €14,403 | +€4,027 | +38.8% |
| Other amounts payable | 47/48 | €269 | - | -€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,490 | €2,836 | +€1,346 | +90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,000 | - | -€21,000 | |
| Other operating charges | 640/8 | €854 | €969 | +€116 | +13.6% |
| Gross operating margin | 9900 | €35,498 | €23,849 | -€11,649 | -32.8% |
| Operating profit (loss) | 9901 | €12,155 | €20,044 | +€7,889 | +64.9% |
| Financial income | 75/76B | €1 | €665 | +€664 | +92,260% |
| Recurring financial income | 75 | €1 | €665 | +€664 | +92,260% |
| Financial charges | 65/66B | €440 | €760 | +€319 | +72.5% |
| Recurring financial charges | 65 | €440 | €760 | +€319 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €11,715 | €19,950 | +€8,234 | +70.3% |
| Income taxes | 67/77 | €3,514 | €5,600 | +€2,086 | +59.3% |
| Profit (loss) for the period | 9904 | €8,201 | €14,350 | +€6,149 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,201 | €14,350 | +€6,149 | +75.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.