JVG-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.
JVG-Construct
Largest movements
- Cash -€21,876
down €21,876 (-91.6%), from €23,890 to €2,014
mainly Investment in fixed assets (net) (-€50,594) and Debts after one year (-€16,918)
- Tangible fixed assets +€9,265
up €9,265 (+2.5%), from €369,374 to €378,639
of which Plant, machinery and equipment: +€36,520
- Deferred charges and accrued income -€4,640
down €4,640 (-90.7%), from €5,115 to €475
- Debts after one year -€16,918
down €16,918 (-6.6%), from €257,677 to €240,759
- Other debts -€16,806
down €16,806 (-17.0%), from €98,665 to €81,859
- Trade debts -€13,819
down €13,819 (-50.1%), from €27,595 to €13,776
- Tax, wage and social debts +€13,047
up €13,047 (+150%), from €8,721 to €21,767
- Reserves +€11,500
up €11,500 (+51.1%), from €22,500 to €34,000
- Gross operating margin -€32,951
down €32,951 (-32.2%), from €102,396 to €69,445
- Other operating charges -€30,586
down €30,586 (-92.1%), from €33,225 to €2,639
- Depreciation +€16,024
up €16,024 (+63.3%), from €25,305 to €41,329
- Staff costs -€6,790
no longer reported in 2025 (was €6,790)
- Taxes -€4,002
down €4,002 (-60.0%), from €6,671 to €2,668
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 | €445,925 | €425,811 | -€20,114 | -4.5% |
| Fixed assets | 21/28 | €369,434 | €378,699 | +€9,265 | +2.5% |
| Tangible fixed assets | 22/27 | €369,374 | €378,639 | +€9,265 | +2.5% |
| Land and buildings | 22 | €278,746 | €266,150 | -€12,596 | -4.5% |
| Plant, machinery and equipment | 23 | €36,614 | €73,134 | +€36,520 | +99.7% |
| Furniture and vehicles | 24 | €54,014 | €39,356 | -€14,659 | -27.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €76,490 | €47,111 | -€29,379 | -38.4% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €47,485 | €43,123 | -€4,363 | -9.2% |
| Trade receivables | 40 | €39,598 | €43,123 | +€3,525 | +8.9% |
| Other amounts receivable | 41 | €7,888 | - | -€7,888 | |
| Cash at bank and in hand | 54/58 | €23,890 | €2,014 | -€21,876 | -91.6% |
| Deferred charges and accrued income | 490/1 | €5,115 | €475 | -€4,640 | -90.7% |
| Total equity and liabilities | 10/49 | €445,925 | €425,811 | -€20,114 | -4.5% |
| Equity | 10/15 | €25,349 | €37,558 | +€12,209 | +48.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €34,000 | +€11,500 | +51.1% |
| Distributable reserves | 133 | €22,500 | €34,000 | +€11,500 | +51.1% |
| Profit (loss) carried forward | 14 | €849 | €1,558 | +€709 | +83.4% |
| Amounts payable | 17/49 | €420,575 | €388,253 | -€32,323 | -7.7% |
| Amounts payable after more than one year | 17 | €257,677 | €240,759 | -€16,918 | -6.6% |
| Financial debts | 170/4 | €257,677 | €240,759 | -€16,918 | -6.6% |
| Amounts payable within one year | 42/48 | €162,898 | €147,494 | -€15,404 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €27,918 | €30,091 | +€2,173 | +7.8% |
| Trade debts | 44 | €27,595 | €13,776 | -€13,819 | -50.1% |
| Suppliers | 440/4 | €27,595 | €13,776 | -€13,819 | -50.1% |
| Taxes, remuneration and social security | 45 | €8,721 | €21,767 | +€13,047 | +150% |
| Taxes | 450/3 | €8,721 | €21,767 | +€13,047 | +150% |
| Other amounts payable | 47/48 | €98,665 | €81,859 | -€16,806 | -17.0% |
| Non-recurring operating income | 76A | - | €16,258 | +€16,258 | |
| Remuneration, social security and pensions | 62 | €6,790 | - | -€6,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,305 | €41,329 | +€16,024 | +63.3% |
| Other operating charges | 640/8 | €33,225 | €2,639 | -€30,586 | -92.1% |
| Non-recurring operating charges | 66A | - | €240 | +€240 | |
| Gross operating margin | 9900 | €102,396 | €69,445 | -€32,951 | -32.2% |
| Operating profit (loss) | 9901 | €37,077 | €25,238 | -€11,839 | -31.9% |
| Financial income | 75/76B | €28 | €41 | +€14 | +49.0% |
| Recurring financial income | 75 | €28 | €41 | +€14 | +49.0% |
| Financial charges | 65/66B | €7,085 | €10,402 | +€3,317 | +46.8% |
| Recurring financial charges | 65 | €7,085 | €10,402 | +€3,317 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €30,020 | €14,877 | -€15,143 | -50.4% |
| Income taxes | 67/77 | €6,671 | €2,668 | -€4,002 | -60.0% |
| Profit (loss) for the period | 9904 | €23,349 | €12,209 | -€11,141 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,349 | €12,209 | -€11,141 | -47.7% |
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 19 October 2026 via checked.be.