JVK 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.
JVK Construct
Largest movements
- Tangible fixed assets +€419,784
up €419,784 (+34.2%), from €1.2m to €1.6m
of which Land and buildings: +€427,180
- Receivables within one year +€120,980
up €120,980 (+37.5%), from €322,917 to €443,897
of which Trade receivables: +€107,143
- Cash -€67,322
down €67,322 (-76.0%), from €88,637 to €21,316
mainly Investment in fixed assets (net) (-€620,525) and Receivables within one year (-€120,980)
- Debts after one year +€357,038
up €357,038 (+39.8%), from €898,073 to €1.3m
- Current portion of long-term debt +€68,356
up €68,356 (+53.1%), from €128,754 to €197,110
- Tax, wage and social debts +€47,018
up €47,018 (+91.8%), from €51,239 to €98,257
of which Taxes: +€46,366
- Other debts -€45,956
down €45,956 (-26.3%), from €174,756 to €128,800
- Reserves +€39,539
up €39,539 (+15.0%), from €262,889 to €302,429
- Gross operating margin +€112,138
up €112,138 (+33.7%), from €332,324 to €444,461
- Depreciation +€74,783
up €74,783 (+59.3%), from €126,138 to €200,921
- Financial charges +€26,818
up €26,818 (+66.2%), from €40,519 to €67,336
- Staff costs +€19,803
up €19,803 (+21.5%), from €92,098 to €111,901
- Other operating charges -€7,171
down €7,171 (-57.0%), from €12,571 to €5,401
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 | €1,640,469 | €2,132,181 | +€491,712 | +30.0% |
| Fixed assets | 21/28 | €1,226,605 | €1,646,209 | +€419,604 | +34.2% |
| Tangible fixed assets | 22/27 | €1,226,425 | €1,646,209 | +€419,784 | +34.2% |
| Land and buildings | 22 | €1,054,639 | €1,481,820 | +€427,180 | +40.5% |
| Plant, machinery and equipment | 23 | €132,225 | €116,753 | -€15,472 | -11.7% |
| Furniture and vehicles | 24 | €39,561 | €47,636 | +€8,075 | +20.4% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €413,864 | €485,972 | +€72,108 | +17.4% |
| Amounts receivable within one year | 40/41 | €322,917 | €443,897 | +€120,980 | +37.5% |
| Trade receivables | 40 | €318,010 | €425,152 | +€107,143 | +33.7% |
| Other amounts receivable | 41 | €4,907 | €18,745 | +€13,837 | +282% |
| Cash at bank and in hand | 54/58 | €88,637 | €21,316 | -€67,322 | -76.0% |
| Deferred charges and accrued income | 490/1 | €2,309 | €20,759 | +€18,450 | +799% |
| Total equity and liabilities | 10/49 | €1,640,469 | €2,132,181 | +€491,712 | +30.0% |
| Equity | 10/15 | €269,089 | €308,629 | +€39,539 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,889 | €302,429 | +€39,539 | +15.0% |
| Distributable reserves | 133 | €262,889 | €302,429 | +€39,539 | +15.0% |
| Amounts payable | 17/49 | €1,371,380 | €1,823,552 | +€452,172 | +33.0% |
| Amounts payable after more than one year | 17 | €898,073 | €1,255,111 | +€357,038 | +39.8% |
| Financial debts | 170/4 | €898,073 | €1,255,111 | +€357,038 | +39.8% |
| Amounts payable within one year | 42/48 | €472,371 | €567,505 | +€95,134 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €128,754 | €197,110 | +€68,356 | +53.1% |
| Trade debts | 44 | €117,622 | €143,338 | +€25,716 | +21.9% |
| Suppliers | 440/4 | €117,622 | €143,338 | +€25,716 | +21.9% |
| Taxes, remuneration and social security | 45 | €51,239 | €98,257 | +€47,018 | +91.8% |
| Taxes | 450/3 | €38,263 | €84,629 | +€46,366 | +121% |
| Remuneration and social security | 454/9 | €12,975 | €13,628 | +€652 | +5.0% |
| Other amounts payable | 47/48 | €174,756 | €128,800 | -€45,956 | -26.3% |
| Accrued charges and deferred income | 492/3 | €936 | €936 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €92,098 | €111,901 | +€19,803 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,138 | €200,921 | +€74,783 | +59.3% |
| Other operating charges | 640/8 | €12,571 | €5,401 | -€7,171 | -57.0% |
| Gross operating margin | 9900 | €332,324 | €444,461 | +€112,138 | +33.7% |
| Operating profit (loss) | 9901 | €101,516 | €126,238 | +€24,722 | +24.4% |
| Financial income | 75/76B | €892 | €702 | -€191 | -21.4% |
| Recurring financial income | 75 | €892 | €702 | -€191 | -21.4% |
| Financial charges | 65/66B | €40,519 | €67,336 | +€26,818 | +66.2% |
| Recurring financial charges | 65 | €40,519 | €67,336 | +€26,818 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | €61,889 | €59,603 | -€2,286 | -3.7% |
| Income taxes | 67/77 | €22,623 | €20,064 | -€2,560 | -11.3% |
| Profit (loss) for the period | 9904 | €39,266 | €39,539 | +€274 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,266 | €39,539 | +€274 | +0.7% |
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 14 October 2026 via checked.be.